FHA For Everyone

tag:blogger.com,1999:blog-7349226432764695742012-02-16T17:50:59.587-08:00FHA For EveryoneSupporting borrower's right to exclusive representation and honest disclosure through voluntary RESPA compliance reform.Mortgage Whistle Blowerhttp://www.blogger.com/profile/14669209778963980617noreply@blogger.comBlogger41100tag:blogger.com,1999:blog-734922643276469574.post-51020113521405390192008-06-23T12:27:00.000-07:002008-06-23T15:59:24.874-07:00FHA Affirms Participation of Non Approved Brokers as Consultants

Brian Montgomery officially acknowledged in Mortgagee Letter 08-17, dated June 20, 2008, that non FHA approved mortgage brokers can provide counseling type duties consistent with HUD's guidance in the 1999-1 RESPA Statement of Policy (SOP) and 24 CFR 203.27 (e). Click here to view ML 08-17:According to Mortgagee Letter 08-17, non approved brokers cannot perform certain origination functions that

Mortgage Whistle Blowerhttp://www.blogger.com/profile/14669209778963980617noreply@blogger.com41tag:blogger.com,1999:blog-734922643276469574.post-53809173488436062862008-06-09T21:02:00.000-07:002008-06-10T21:30:03.954-07:00The FHA Non Approved Broker Debate

FHA recently published Mortgagee Letter 08-14 regarding non approved broker participation in the HECM loan program (reverse mortgages). Click here to view Mortgagee Letter 08-14This letter clarified FHA policy regarding the role of non approved brokers and payment of their compensation. According to ML 08-14, non approved brokers may participate in the FHA HECM program by performing limited

Mortgage Whistle Blowerhttp://www.blogger.com/profile/14669209778963980617noreply@blogger.com0tag:blogger.com,1999:blog-734922643276469574.post-50060651539419271462007-06-04T23:33:00.000-07:002007-08-27T11:27:19.751-07:00FHA for Eveyone

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Mortgage Whistle Blowerhttp://www.blogger.com/profile/14669209778963980617noreply@blogger.com1tag:blogger.com,1999:blog-734922643276469574.post-643999690372316142007-05-05T09:17:00.000-07:002007-09-24T14:34:49.196-07:00COMMITMENT TO EXPANDING FHA IN THE COMMUNITY AND VOLUNTARY COMPLIANCE WITH HUD'S PROPOSED RESPA REFORMS

In response to the California housing crisis, we have dedicated ourselves to the highest standards as proposed by HUD under RESPA. Seeing an unmet need in the community for government financing, we have elected to devote our efforts exclusively to government and agency lending.In 2002, the Department of Housing and Urban Development (HUD) proposed regulatory changes to RESPA, and simplified

Mortgage Whistle Blowerhttp://www.blogger.com/profile/14669209778963980617noreply@blogger.com0