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10 Aug 2021, 6:38 am by Daniel
Defendants involved with drugs can be charged with federal or state crimes. [read post]
3 Aug 2021, 5:12 am by Richard J. Andreano, Jr.
In Mortgagee Letter 2021-19, dated July 30, 2021, HUD advises that the extension of its foreclosure-related eviction moratorium applies to all FHA Title II single-family forward and Home Equity Conversion (reverse) mortgage loans, other than FHA loans secured by vacant or abandoned properties. [read post]
20 Jul 2021, 12:24 am by Chris Manes
If the nonresident owns a second home in California, and has a mortgage on it, the mortgage lender will generate an annual Form 1098 Mortgage Interest Statement, reporting the interest from the loan to California tax authorities. [read post]
15 Jul 2021, 9:35 am by A.J. Dhaliwal and Moorari Shah
On July 1, the Federal Housing Finance Agency (FHFA) released a Policy Statement on its commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (collectively, “regulated entities”). [read post]
15 Jul 2021, 9:35 am by A.J. Dhaliwal and Moorari Shah
On July 1, the Federal Housing Finance Agency (FHFA) released a Policy Statement on its commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (collectively, “regulated entities”). [read post]
13 Jul 2021, 12:05 pm by Olga Akselrod
People of color seeking loans to purchase homes or refinance have been overcharged by millions thanks to AI tools used by lenders. [read post]
12 Jul 2021, 12:20 am by Roger Stelk
The FHA 203K Rehab Loan The FHA 203K rehabilitation Loan is a mortgage program supported by the Federal Housing Administration (FHA) and lets individuals buy rundown homes and renovate them. [read post]
9 Jul 2021, 7:45 am
Foreclosure Relief for Federally-Backed Mortgages The federal foreclosure moratorium has been extended through July 31, 2021. [read post]
During May 2021, the federal Government Accountability Office (“GAO”) issued a report (GAO-21-393) containing findings from its review of issues related to the CFPB’s oversight and enforcement of the Equal Credit Opportunity Act (“ECOA”) and the Home Mortgage Disclosure Act (“HMDA”). [read post]
15 Jun 2021, 11:16 am by Christopher J. Willis
   In connection with the release of the Spring 2021 agenda,  the CFPB announced that it will assess the October 2015 significant amendments to Regulation C under the Home Mortgage Disclosure Act. [read post]
10 Jun 2021, 8:24 am
With this information, you then work with a bank or other mortgage lender to get preapproval for a loan of a certain amount. [read post]
8 Jun 2021, 7:28 am by karp
The new rules apply to HECM reverse mortgagesHome Equity Conversion Mortgages – which are federally insured and backed by the Department of Housing and Urban Development. [read post]
1 Jun 2021, 8:45 am by Richard West
In addition to the petition, numerous supporting documents are required by federal law to be provided to the trustee. [read post]
10 May 2021, 3:06 pm by Law Lady
CITIZENS PROPERTY INSURANCE CORPORATION, Appellee. 3rd District.Insurance -- Homeowners -- Preferred Contractor Endorsement -- Where insurer elected to repair hurricane damage to insured home under Preferred Contractor Endorsement, and insured failed to provide a compliant sworn proof of loss and completed his own repairs to home, thereby preventing insurer from completing repairs under Preferred Contractor Endorsement, trial court erred in entering judgment requiring … [read post]
9 May 2021, 11:18 am by Robert Manchel
A federally-backed mortgage may allow you to reduce or suspend your monthly payments for up to 12 months if you are receiving a federal grant. [read post]
9 May 2021, 11:18 am by Robert Manchel
A federally-backed mortgage may allow you to reduce or suspend your monthly payments for up to 12 months if you are receiving a federal grant. [read post]
8 May 2021, 3:00 pm by Chris Odinet
Today the mortgage market is almost completely dominated by the federal government mortgage agencies, with only a small portion of mortgage loans being portfolio-held. [read post]
4 May 2021, 12:37 pm by Richard J. Andreano, Jr.
The CFPB recently entered into a consent order with Nationwide Equities Corporation (Nationwide), which the CFPB refers to as a mortgage broker and mortgage lender that primarily provides jumbo reverse mortgage loans and Home Equity Conversion Mortgage Loans (HECMs). [read post]