Federal Housing Administration rules in certain states can add a challenge for lower income couples with one spouse who has a credit issue, and a real estate group wants to remove that extra hurdle. Processing Content The concern lies in the fact that an option otherwise available to FHA borrowers, putting the loan in the […]
Why an FHA rule for nonborrowing spouses is making waves now Read More »
The Federal Housing Administration has announced that it has taken steps to streamline its case number assignment process for spot approvals on condo units. Processing Content The streamlining by the Department of Housing and Urban Development unit is designed to further expedite a process which allows mortgage companies to get a case number for loans
FHA adds automation for spot approvals on condos Read More »
The change in the rate environment has revived a focus on servicing this year for originators, which may account for some of the current merger and acquisition fervor. Processing Content Not only has the recapture rate nearly doubled since 2023 and has March’s trigger lead ban implementation restricted the ability of outside lenders to compete
Why servicing is so important to mortgage originators now Read More »
The rapid acceleration of home insurance costs may be approaching an inflection point after growth cooled considerably last year, according to a new report from Rate Cos. Processing Content The average premium increased 9.2% in 2025, rising to $2,205 from $2,020 the prior year, with moderation resulting in the slowest growth pace since 2020. Last
Home insurance rate hikes may be cooling off Read More »
Nearly half of Veterans (49%) feel homeownership is currently out of reach, according to a recent survey from NewDay USA. But many are closer than they think. And you might be, too. If you’re a Veteran, you probably know the Veterans Affairs (VA) home loan benefit exists – it’s been around for over 80 years.
What Most Veterans Don’t Know About Their VA Home Loan Benefit Read More »
For years, the mortgage industry wore integrations like a badge of honor. Legacy loan origination systems have hundreds of them, connecting to every vendor, service provider and data source imaginable. The more, the merrier. Sounds impressive? Look closer. Think about the incentives. For a service provider, being integrated into an LOS means easier access to
Why LOS Integrations Can Slow Mortgage Operations Read More »
It’s been a day full of news about a possible peace deal with Iran, which would be great news for housing. However, even though mortgage rates have risen due to the conflict lasting longer than anyone initially thought, housing demand has held up, and housing inventory is now on the verge of going negative year
Housing demand stays firm, pushing inventory close to negative YOY Read More »
National mortgage banking company All Western Mortgage (AWM) announced on Thursday that HouseAmerica Financial has joined the company as it continues its national expansion. HouseAmerica Financial, based in La Cañada, California, produces about $500 million annually in mortgage volume, according to the announcement. The company is led by mortgage executive Alan Pezeshkian, who has more
HouseAmerica Financial joins All Western Mortgage Read More »
As states take varying approaches to regulating home equity investment (HEI) products, the industry faces an increasingly fragmented legal landscape shaped by consumer protection concerns and uncertainty over whether the products should be treated as mortgage loans. Under an HEI, homeowners receive upfront cash in exchange for a share of the home’s future value, typically
As HEI regulations expand, states debate loan classification Read More »
The California Mortgage Bankers Association (CMBA) voiced strong support for Gov. Gavin Newsom’s proposed $100 million allocation for the Southern California Rebuild Fund included in this month’s revised state budget proposal, the trade group said this week. The proposed funding is designed to expand access to construction financing for homeowners affected by last year’s Southern
California MBA backs $100M fund in governor’s budget proposal for wildfire rebuilding Read More »