FHA Will Keep Requiring Tri-Merge Credit Reports But Are Updating How Scores Are Calculated HUD has announced FHA will keep tri-merge credit reports for single-family mortgages. However, it plans to update and expand the credit scoring models allowed for FHA-insured loans. This decision follows a recent joint announcement by HUD and the Federal Housing Finance
FHA Will Keep Requiring Tri-Merge Credit Reports Read Post »
CFPB Has Banned Novad Consulting From Servicing Reverse Mortgages For Failing To Properly Communicate With Mortgage Borrowers The CFPB has banned Novad Consulting from servicing reverse mortgages. HUD and CFPB had first ordered the company to stop illegal activities that harmed older homeowners. The CFPB found that NOVAD Management Consulting had inadequate resources and staffing
CFPB Bans Novad Consulting From Mortgage Servicing Read Post »
FHA To Cut FHA Mortgage Insurance Premiums By 30bps On March 20th. White House Says Homeowners Will Save An Average Of $800 Annually The Biden Administration announced that FHA Mortgage Insurance premiums be decreased by 30 basis points. FHA charges premiums on the loans they underwrite. FHA charges the fee on top of the monthly
FHA Mortgage Insurance Premiums To Be Cut By 30bps Read Post »
Successfully Fighting Foreclosures Requires The Strategies Most Foreclosure Defense Attorneys Get Wrong Or Don’t Even Bother Pursuing Homeowners are successfully fighting foreclosures in record numbers since the housing collapse in 2008. Why? Homeowners are realizing they can successfully fight foreclosure actions brought on by unscrupulous mortgage servicers. Or in a worse case, fight the lender
Successfully Fighting Foreclosures: How To Do It Right! Read Post »
Two New York Mortgage Fraudsters Plead Guilty To Running A Mortgage Fraud Scheme In Connecticut Two New York Mortgage Fraudsters pleaded guilty Tuesday for operating a wide-ranging mortgage fraud scheme. The scheme involved 24 mortgage loans on numerous multifamily housing properties in Hartford, Connecticut. The New York mortgage fraudsters scammed nearly $50 million from different
New York Mortgage Fraudsters Plead Guilty To Mortgage Fraud Read Post »
