FHA WEEKLY UPDATE
FHA Streamline Mortgage Refinance Program at Lower
Interest Rates
Explanation of FHA Mortgage Streamline Refinance. An FHA
Streamline mortgage refinance is a special financial product
available only to those who currently have an FHA mortgage loan.
Being part of the FHA Streamline mortgage refinance program is the
fastest way for an FHA-insured borrower to refinance his mortgage.
The program’s crucial character...Read
Full Story>>
Rules For FHA Loans Set To Change
There are a few changes in Federal Housing
Administration loans that are going into effect next week. NY1's Jill
Urban talks about changes in the following report. If you’re in the
market for a loan and you're considering an FHA, starting April 1,
the rules will be changing. "The most significant changes
are are that the mortgage insurance premium...Read
Full Story>>
FHA Extends HERMIT Implementation for Reverse Mortgage
Lenders
After finally launching in October following months of
development and several delays in implementation, the Home Equity
Reverse Mortgage Information Technology (HERMIT) system commissioned
by the Federal Housing Administration has delayed its grace period
for industry adoption. FHA, which rolled the technology out in
October...Read
Full Story>>
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Are You Looking for a Mortgage
Job?
Join us
March 19th at the Stonegate Mortgage Online Career Fair. This is a
fantastic opportunity for talented mortgage professionals to gain
direct access to recruiters looking for their next great hire. At
this FREE online event, you’ll be able to browse information
about Stonegate Mortgage, including open positions and other career
information. Each featured opportunity will have one or more
recruiters standing by to chat with you. All chats are purely
text-based, so you’ll be able to connect one-on-one with recruiters
all online!
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THE FHA BLOG CAFE
Selling Manual Underwrites on the Secondary Market
Written By:
Bonnie
Wilt-Hild
Like myself, I am sure many underwriters in this fine
nation of ours spend a fair amount of their time on conference calls
or web based training with new investors that their employers have
recently became associated. At least one, sometimes twice a week, I
have loan originators who are barely able to control their euphoria
over the prospect of yet another lender’s account rep...Read
Full Blog >>
Private Mortgage Insurance Cancellation-Part Three
Written
By: Stacey Sprain
For the past two weeks, I have offered a series on
private mortgage insurance cancellation, have explained the
regulations involved and have offered some tips and tools to help
consumers understand their rights regarding cancelling private
mortgage insurance coverage for conventional loans. This week, for
the final article in the three-part series, I offer MI
cancellation...Read
Full Blog >>
The First Crack in the Wall
Written By: Glenn Michaels
For many years all FHA mortgage loans were manually
underwritten and then with artificial intelligence and automation,
FHA shifted to automated underwriting. The FHA developed “TOTAL” to
be used in conjunction with Fannie Mae’s Desk Top Underwriter (DU) or
Freddie Mac’s Loan Prospector (LP) to underwrite FHA mortgage loan s
except for FHA Streamline refinances...Read
Full Blog >>
COMPLIANCE ALERTS **NEW**
Report Faults FHFA On Compliance Monitoring
By ComplianceUpdater.com - April,
01 2013
Mortgageorb News The Federal Housing Finance Agency’s
Office of the Inspector General (FHFA OIG) has issued a report that
claims the regulator is doing an… Read More >>
Reverse Mortgages: This Income Source Isn’t For Everyone
By
ComplianceUpdater.com - April, 01 2013
Investor Place News – Marc Bastow Finding more ways to
generate income can be the difference between “just getting by in
retirement” and “retiring comfortably… Read More >>
VA Guaranteed Home Loans Notes VA Loans are Increasingly
More Popular in Light of Recent Article
By
ComplianceUpdater.com - April, 01 2013
PR Web News – By Mark Madsen With the number of VA loans
increasing 50 percent last year due to more easily accessible
financing options than through conventional… Read More >>
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