Nonbank Servicers Under Scrutiny

Nonbank Servicers Under Scrutiny

non banksWith the current exponential rise in nonbank servicers, the CFPB and FHFA are weighing both the consequences and positive reinforcements the new trend could have on the mortgage industry and consumers. 

Since the financial crisis, the nations’ biggest banks are …

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Lenders & Insurers Preparing To Tap VA Market

Lenders & Insurers Preparing To Tap VA Market

VA Lending Rising, Borrowers Leaving FHA; Small Lenders & Mortgage Insurers BenefitingFHA

 

Currently, veterans are the fastest growing part of the housing market, and US officials are urging private insurers to guarantee mortgages for them. VA loans have risen …

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Buyback Rules Clarified By FHFA

Buyback Rules Clarified By FHFA

Americans are currently experiencing the tightest credit market in 16 years, which lenders are blaming on penalties from being forced to ‘buyback’ loans they were issued based on false or inaccurate information.

buyback

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The US-backed companies, Fannie Mae and …

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Insurable Value

Insurable Value

insurable valueInsurable Value – “The cost of total replacement of destructible improvements to a property; may be based on replacement cost rather than market value”

 

When it comes to real estate appraisals, property valuation or land valuation is the process

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