Posts Tagged ‘mortgage’
Homebuyers Worry Over Affordability
Homebuyers worry over affordability in the housing market…
Read More2/3 New York City Renting!
Nearly two-thirds of residents in the New York City area live in rental units, according to the New York City Department of City Planning.
Read MoreThoma Bravo Acquires Ellie Mae – 10% Staff Laid Off in Restructure
Ellie Mae laid off around 10 percent of its staff in a team restructure plan after being acquired in April by Thoma Bravo for an all cash $3.7 billion purchase. Ellie Mae, Inc. is a cloud based software company that electronically processes 35% of all U.S. mortgage applications through its streamlined mortgage origination process. Ellie…
Read MoreCedar Band Corporation Sued HUD Over FHA Mortgage Assistance Program Changes
On April 18, 2019, US Department of Housing and Urban Development (HUD) issued a clarification of interpretation letter to lenders; Mortgagee Letter 19-06. The letter’s purpose was to clarify documentation requirements when a homebuyer is receiving down payment money from another person or entity. It was immediately effective, referring to effective date for case numbers…
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