Browsing Tag:fee

refinance-charges-fall-as-adversarial-market-refi-charge-is-eliminated
Refinancing just got cheaperOn July 16, 2021 the The Federal Housing Finance Agency (FHFA) announced that it would permanently abolish the Adverse Market refinancing fee. The surcharge introduced last year increased either interest rates or closing costs on all compliant refinancing loans. The abolition of the fee makes refinancing less costly for millions, with the result that refinancing rates...
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mlo-jobs-uw-charge-discount-jumbo-dashboard-processing-instruments-state-regulatory-shifts-charges-ready-for-financial-rebound
MLO Jobs; UW, Fee Reduction, Jumbo, Dashboard, Processing Tools; State Regulatory Shifts; Rates Waiting for Economic ReboundSorry the commentary was a little late today. I was on the phone dealing with my car’s extended warranty. Per the personalized recording, they’ve been trying to reach me for quite some time! Returning to reality, but speaking of cars, has anyone noticed...
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Folks are talking about how in-person mortgage conferences are coming back strong. For example, here in Florida that MBAF conference is approaching 300 registrants, and the California MBA’s Western Secondary (still two months away) has well over 200 participants, and registration has only been open a week. Folks are also talking about the mergers and acquisition (M&A) & investment...
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excessive-courtroom-receivedt-overview-revival-of-va-mortgage-payment-fraud-swimsuit
The U.S. Supreme Court announced on Monday that it had issued a ruling to resuscitate a False Claims Act lawsuit alleging Mortgage Investors Corp. falsely certified the VA to only charge permissible fees under a veteran mortgage loan program, not going to verify.The loan company stated in its petition for review that the U.S. Court of Appeals for...
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mlo-jobs-jumbo-investor-packages-processing-instruments-mismo-charge-replace-ideas-on-credit-score-coaching-and-occasions-this-week
MLO Jobs; Jumbo, Investor Programs; Processing Tools; MISMO Fee Update; Thoughts on Credit; Training and Events This WeekYesterday I flubbed up by discussing the Administration’s proposal to eliminate credit unions and have the CFPB control the credit process. The article discussed eliminating credit bureaus, not unions, and fortunately the link was there. Credit unions are alive and well and...
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