The elimination of eligibility of non-permanent U.S. residents for FHA loans could leave FHA lenders liable for mistakes made when certifying a borrower’s residency status.
Previously-fired probationary employees at HUD are stuck in an administrative leave purgatory awaiting a court decision, while rumors continue to circulate of field-office closures.
FHA should limit borrowers to qualify for one permanent home-retention option every 18 months to cut costs to its insurance fund and help borrowers maintain equity, MBA and others said in a letter to HUD.
Court rules in favor of Ginnie in Texas Capital Bank lawsuit; Rate waives “unnecessary fees” for VA loans; FHA waives reviews of EPD in disaster area; HUD revokes lender’s DE authority in New Orleans.
Expanded-credit mortgages, jumbo loans and GSE-eligible collateral in MBS securitizations were all up in the first quarter of 2025. (Includes data tables.)
Brian O’Shaughnessy, the former co-CEO of Rama Capital Partners, launched ARDRI to provide a mix of the latest technology and customer-focused operations for non-QM mortgage brokers.
Volume of noncore products at the GSEs shifted downward in the first quarter as questions around the future of Fannie Mae and Freddie Mac persist. (Includes data table.)
Toorak Connect is an underwriting platform that uses artificial intelligence and machine learning to score loans based on risk. It has been used to underwrite more than $5 billion in business-purpose loans since its launch in 2022.
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