FHA eases new rule on collections accounts

• April 3, 2012 • 11:51am

The Federal Housing Administration will allow borrowers to provide a written explanation of some disputed collections accounts in order to qualify for a government-backed mortgage, according to a rule clarification sent to lenders.

Under a new rule that took effect April...

Cities where buying beats renting a home!

By Morgan Brennan, Forbes.com

Wondering whether to renew that rental lease or take the plunge and finally buy a place? Well if you live in one of the country’s major cities, it may be more affordable to buy, if you can swing it. In 98 out of the 100 largest metropolitan areas, it is now cheaper to buy than t...

Effort to Grow FHA ‘Policing’ Clears Hurdle

http://www.originationnews.com/on_features/effort-grow-fha-policing-1029751-1.html?ET=origination:e2605:65618a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=ON_Bulletin_040312

The House Financial Services Committee has...

Senate Banking Democrats urge FHFA to allow more refis

http://www.housingwire.com/article/senate-banking-democrats-urge-fhfa-allow-more-refis

• April 2, 2012 • 2:47pm

All 12 Democrats on the Senate Banking Committee urged the Federal Housing Finance Agency to remove even more restrictions to refinancing Fannie Mae and Freddie Mac mortgages...

Today, the CFPB released a bulletin on loan originator compensation that can be viewed at the following links:

http://www.consumerfinance.gov/guidance/

http://files.consumerfinance.gov/f/201204_cfpb_LoanOriginatorCompensationBulletin.pdf

CFPB Bulletin 2012-02

Date: April 2, 2012

Subject: Payments to Loan Originators Based on mortgage Transaction Terms...

http://www.treasury.gov/connect/blog/Pages/GSEs-Principal-Reduction-How-HAMP-Helps-More-Underwater-Homeowners.aspx

GSEs & Principal Reduction: How HAMP Helps More Underwater Homeowners

By: Michael Stegman

4/2/2012

​ Recently, various sources have alleged that large banks will get a windfall if Fannie Mae and Freddie Mac (the GSEs) reduce the pri...

By: Ryan Schuette 

The housing market continues to bounce around at what many experts believe is the bottom.  In recent weeks I have written about how many of the housing reports have indicated a slowly strengthening real estate market.  I don’t believe that trend is changing however in the last week we have seen the New Home Sales report as well as the Pending Home ...

The stock market has been quiet this entire week. Trading volume has been abnormally light for this time of year. Investors are sticking to the sidelines as there is little market moving news for the investment community to trade on. You may recall in months past how I mentioned that volatile movements in the market afford investors the...

http://reversemortgagedaily.com/2012/03/29/cfpb-chief-loan-origination-compensation-rule-could-change-by-2013/

CFPB Chief: Loan Origination Compensation Rule Could Change by 2013
By Jon Prior
Consumer Financial Protection Bureau officials will consider allowing mortgage loan officers to lower their compensation in order to close a home purchase.

The...