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  1. Carson said banks have been turned off to originating FHA-insured loans amid a crackdown on banks accused of underwriting FHA-insured loans to borrowers who were not eligible, ...

  2. Banks to Benefit From Easing of False Claims Act by HUD

    Zacks via Yahoo FinanceNov 04 14:57 PM

    The FHA provides insurance on mortgages that are originated by lenders for low-income borrowers, who otherwise would not be eligible for home loans because of their low credit scores.

  3. The Trump administration said on Monday it would try to entice banks to offer more mortgages to low-income borrowers by reducing reliance on a Civil War-era law the Obama administration used ...

  4. Ben Carson, secretary of the HUD, recently announced that it has reached an agreement with the Department of Justice ("DOJ") to ensure the proper and appropriate use of the False Claims Act ...

  5. The Mortgage Gift Letter: When Do You Need One?

    MoneyWise via Yahoo FinanceNov 04 18:14 PM

    A mortgage gift letter is a form from your donor declaring that the down payment funds have been given to you as a gift. It shows a mortgage lender that you're under no obligation to return the money.

  6. Mortgage rates rose again in the week ending 31st October. 30-year fixed rates rose by 3 basis points to 3.78%, following on from a 6 basis point rise in the week prior. Compared to this time ...

  7. Banks Get a Reprieve From Trump Team on Mortgage Sanctions

    Bloomberg via Yahoo FinanceOct 28 20:04 PM

    The announcement from the U.S. Department of Housing and Urban Development and the Justice Department seeks to provide clarity on what steps banks must take to avoid fines. The changes also ...

  8. Mortgage rates were on the rise once more in the week ending 24th October. 30-year fixed rates rose by 6 basis points to 3.75%, following on from a 12 basis point rise in the week prior. Compared ...

  9. Edited Transcript of ASPS earnings conference call or presentation 24-Oct-19 12:30pm GMT

    Thomson Reuters StreetEvents via Yahoo FinanceOct 30 18:40 PM

    In the first quarter of 2020, we expect to begin receiving FHA foreclosure auction and Field Services referrals from an existing top 25 servicer client. Several of these program launches ...

  10. Can You Afford That House? Here's How to Know

    MoneyWise via Yahoo FinanceNov 09 22:49 PM

    Can I make a large down payment easily, without fear of financial problems in the near future? Why should you keep your mortgage payment to within a quarter of what you earn? Use this calculator ...

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