FHA publishes proposed reverse mortgage servicing guidance to Single Family Drafting Table

November 4, 2023by

The Federal Housing Administration (FHA) this week published a new draft version of a Mortgagee Letter (ML) containing a...

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Extended Maui foreclosure relief covers HECM borrowers

November 4, 2023by

The Federal Housing Administration (FHA) this week extended a moratorium on foreclosures on the island of Maui as the...

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Cyberattack on Mr. Cooper forces it to lock down systems

November 4, 2023by

Texas-headquartered lender and servicer Mr. Cooper pointed to a cybersecurity incident that forced the company to lock down certain...

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HUD OIG launches inquiry into how Ginnie Mae monitored RMF

November 3, 2023by

On Thursday, the Office of the Inspector General (OIG) of the U.S. Department of Housing and Urban Development (HUD)...

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Investor loans up amid subdued start to spring

November 3, 2023by

Investor activity have carried the lending market for September, with new investor loan commitments rising 2.0%, which is 2.6%...

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Comment: Let nobody be underserved

November 3, 2023by

Jeremy Duncombe, managing director at Accord Mortgages Taking the first step on the property ladder, or going solo when it...

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Nottingham BS launches new 60% LTV resi product, refreshes range  

November 3, 2023by

Leeds Building Society has improved rates on residential  75% LTV and 80% LTV loans.   The mutual now offers two-year...

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Real estate stocks soar as Fed rate hold sparks relief rally

November 3, 2023by

Real estate stocks were the second best-performing sector in the S&P 500 Index on Thursday after the Federal Reserve's...

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Suffolk Building Society launches BTL and self-build products

November 3, 2023by

Suffolk Building Society has launched two new mortgage products to its range. ...

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Nottingham BS adds resi 60% LTVs, Leeds BS revamps rates 

November 3, 2023by

Leeds Building Society has improved rates on residential  75% LTV and 80% LTV loans.       ...

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