Federal Housing Administration mortgages — the affordable path to homeownership — now have the highest #delinquency rate in 4 decades.  The share of late #FHA loans rose to 16% in the second quarter. #Conventional loans delinquent were 6.7%. need help https://www.wrongfullyforeclosed.com/

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True or False: Independent Mortgage Brokers Can Offer Realtors and Brokers Better Service than Big Lenders. TRUE: According to Housingwire.com, Independent mortgage brokers are cheaper, faster and offer better customer service.  Below are some of the misconceptions and the explanation of why they may be totally wrong today. True or False: Independent Mortgage Brokers Have…

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FHA wants to revise its foreclosure policies, according to Dror Oppenheimer, senior advisor to assistant secretary for Housing-federal housing commissioner at HUD.  The Mortgage Bankers Association was recently invited to offer comments on the proposed changes through March 9, 2020.  Currently, a pre-foreclosure appraisal of the property was based only on exterior inspection.  This appraisal…

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DId you get a call that your FHA loan QC is offline?  Yes, it is.  The loan review system that the FHA uses to communicate issues with home loans is down as HUD works to address “errors and data loss”.  FHA announced Wednesday that it temporarily pulled the plug on its Loan Review System on…

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