Author name: Ricky Vasquez

FHA records stable capital ratios amid softer performance

The Federal Housing Administration’s mortgage insurance fund capital ratios were largely stable this past federal fiscal year, its annual report, delayed by the government shutdown, showed. Processing Content The overall ratio for the Mutual Mortgage Insurance Fund matched the previous fiscal year’s 11.47%, far above its required statutory 2% minimum. The capital ratio for the […]

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Control shift at mortgage broker hit by enforcement action

Following the enforcement action against now ex-CEO Patrick Terrance Donlon, Yield Solutions Group has assumed full operational control of Trusted American Mortgage, the companies said in a press release. Processing Content The two companies share an address in Centennial, Colorado. YSG has a nationwide presence in the auto lending industry. Donlon resigned as CEO of

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