There’s a conflict between two government agencies that lenders have to deal with. The Consumer Financial Protection Bureau (CFPB) telling lenders that they’d better only make loans to those borrowers that meet their Qualified Mortgage criteria, and the Dept of Housing & Urban Development (HUD) ... » Learn More about Supreme Court Agrees to Hear Disparate Impact HUD vs CFPB Case
Mortgage Regulations
Mortgage Interest Rate Update September 10 2014
Interest Rates have been great, and still at historic lows, but over the past couple weeks we’ve been seeing a slow trickling up of the rates. Some of the increase in rates is because of the calming of geo political tensions. Russia has been behaving over the past week and there’s been less of a ... » Learn More about Mortgage Interest Rate Update September 10 2014
Ron Henderson to Give Presentation on Mortgage Market How it Works and Current Trends August 6
"Show me the money!" Ron Henderson from AmerFund Lending Group will discuss the general market overview, the effect of the CFPB & Dodd Frank Financial Regulations on mortgages, and the changing roles of banks, small lenders and private money. There will be plenty of time for Q & A. Learn ... » Learn More about Ron Henderson to Give Presentation on Mortgage Market How it Works and Current Trends August 6
Chase Pulling Back From Making FHA Loans Because of Regulatory Risk and Costs
Chase is scaling back on making FHA, Freddie and Fannie loans because the regulatory costs, conflicts between regulating agencies, and the cost to foreclose makes it economically unrealistic to deal with them, and will be concentrating on only super prime loans. They may be the first major bank to ... » Learn More about Chase Pulling Back From Making FHA Loans Because of Regulatory Risk and Costs
95% LTV PMI vs FHA – PMI Wins
The recent coverage cost changes on both FHA and PMI have tilt the scales, in opposite directions, on the payment on high loan to value (LTV) loans. Private Mortgage Insurance (PMI), Federal Housing Administration (FHA), and the Veterans Administration (VA), don't make loans. They insure the ... » Learn More about 95% LTV PMI vs FHA – PMI Wins