New FHA Guidelines

New FHA Guidelines To Ignore COVID-Era Employment Lapse

Lenders Have Until September 5th To Comply With New FHA Guidelines Ignoring COVID-Era Employment Lapses  New FHA guidelines loosen the requirements to qualify for a loan if they lost work during the pandemic. Beginning September 5th, lenders are to ignore job gaps during the Covid-19 pandemic. The Federal Housing Administration (FHA) announced new flexibility for […]

government shutdown

Government Shutdown Could Cost Reverse Mortgage Sector Billions

The Government Shutdown Halts Reverse Mortgage Funding Because Lenders Can’t Get FHA Endorsements President Trump’s government shutdown is approaching the two-week mark. It has now brought the reverse mortgage sector to screeching halt. The government shutdown has HUD is working with a skeleton crew. That means FHA cannot underwrite or endorse reverse mortgages or any FHA products.  […]

Trump Loving Racist

FHA Mandated Wall To Keep Blacks Out Now A Half Mile Mural Of Hope

The FHA Wall was the U.S. Government’s Version Of Apartheid Growing up in the white Detroit suburbs in the 1970s and 1980s, I had never heard of theFHA mandated Birwood Wall until I was in mortgage lending about ten years ago.  Up until then. I just thought of it as just a wall. Like many […]

Deutsche Bank Agrees To Pay $202 Million For Reckless Mortgage Lending

Mortgage IT Division Sold Faulty Loans To FHA Grant McCool, Reuters via Huffington Post A Deutsche Bank AG mortgage unit has agreed to pay $202.3 million to settle one of the biggest U.S. government civil fraud lawsuits over reckless mortgage lending practices. The bank’s MortgageIT unit admitted it had lied to the U.S. Department of […]

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