The Fair Labor Standards Act spells out the basis for an administrative exemption from overtime pay.

California had one of the highest concentrations of FHA refinance loans, which accounted for 42.3 percent of the state’s total FHA business in 2015.

But does this mean the HUD Inspector General and Department of Justice will ease up on suing lenders?

HUD’s Single Family Policy Handbook authorizes lenders to order testing or remediation to ensure that the property’s public-water supply has acceptable levels of contaminants.

In some purchase transactions, lenders require special certifications and inspections stemming from VA policy guidance.

Currently, employers are required to pay overtime for all employees who make $23,660 or less annually.

The bill containing the language on VA loan limits was agreed to by a voice vote on Feb. 9 and was sent to the Senate.

Shrinkage? Thanks to the CSP, changes in reps and warrants, cyber security and more, Freddie Mac continues to hire new workers...

Thanks to the MIP cut, it was FHA's best year since 2010.

The tone for banks likely was set by JPMorgan Chairman and Chief Executive Jamie Dimon, who in 2014 warned that without a safe harbor, his bank would be very cautious about FA lending going forward…