The Department of Housing and Urban Development has announced 14 changes to the Federal Housing Administration program, claiming eliminating these “red tape” requirements would reduce costs. Processing Content “Every unnecessary regulation comes with a cost, and too often homebuyers pay the price,” HUD Secretary Scott Turner said in a press release. “If a policy does […]
HUD trims FHA red tape; groups want MIP cut next Read More »
Consumer loans that finance home improvement projects—including windows, will secure $399.3 million in asset-backed securities (ABS) that Foundation Finance acquired from dealers who originated the contracts. Processing Content Notes will be sold through five classes of A, B, C, D and E notes, and they all have a legal final maturity date of Feb. 17,
Home improvement project loans underpin Foundation Finance’s $399.3 million Read More »
A government-sponsored enterprise is carefully adding to a test allowing certain refinance loans to forgo title insurance, its oversight chief said Tuesday, just as new industry research urges caution around this. Processing Content “As long as it is safe and sound, our team is pushing for efficiencies and lower costs in title insurance,” Federal Housing
Pulte says title waiver pilot expanding, new study warns of risk Read More »