Mortgage broker blogs are abuzz with the introduction of legislation Jan. 16 to revise and reinstate seller-funded downpayments for single-family mortgages insured by FHA. As it turned out, Nehemiah Corp.’s outreach arm, Groundswell2, has been sending out e-mails asking mortgage brokers to urge Congress to include H.R. 600 in the new stimulus package sought by President Obama to...
The new FHFA director’s whirlwind first week resulted in widespread staffing cuts at the regulator and a dramatic change in leadership at the GSEs. So far, criticism has been muted.
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