Jun Zhu will be a full-time senior financial methodologist at the Urban Institute. Zhu earlier worked as a senior economist in the Office of the Chief Economist at Freddie Mac where she has conducted research on the mortgage and housing markets, including default and prepayment modeling.
PACE programs have been very controversial and the market has been slow to develop because of FHFA regulatory concerns over the issue of lien priority.The programs are designed to give homeowners new ways to finance energy efficient home improvements. But the question most people ask is whether or not it's financially better. Here's your answer.
The OIG has a job to do, but an incomplete analysis of a sensitive issue raises the question of whether the government is really willing to take the steps necessary to assure lenders that they intend to provide rep and warrant relief.
For anyone actively working in the mortgage industry, it’s no secret that reverse mortgages have taken a brutal hit in the last two years. The U.S. Department of Housing and Urban Development issued major program changes at the end of 2017 that effectively limited the amount of proceeds and the number of people who could qualify for the loan. The result had lenders across the space enduring sizable volume drops and subsequent gashes to their bottom lines.