Walter Investment fined $29.6 million for False Claims Act violations

Walter Investment fined $29.6 million for False Claims Act violations

Subsidiaries allegedly submitted false reverse mortgage claims to HUD

The Wrap: Appraisal volume ticks down after two weeks up

New tips, tools and tricks of the trade

Dear Parents, don’t expect your homebuying Millennials to pay you back

loanDepot graph shows they can barely save for retirement
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Items Tagged with 'LTV'

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ditech to offer 97% LTV loans

Ready to participate in Fannie Mae program
Ditech Mortgage Corp is expanding its lending options again. The company is now the latest lender to to jump on board with the 97% LTV programs announced by Fannie Mae and Freddie Mac earlier this month.
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Fannie and Freddie officially approve 3% down payment mortgages

Key differences between both GSEs secondary products
It's here. Fannie Mae and Freddie Mac officially unveiled each of their 97% loan-to-value offerings for mortgages they securitize. And while both are working to expand the credit box for first-time homebuyers, there are key differences between what each one requires.
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Credit Access Improves

Mortgage lending eases in July

Lending standards loosen for the fifth consecutive month
Lenders are loosening their grip on strict lending standards, with the Mortgage Credit Availability Index showing signs of easing once again in July.
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