4000.1 Handbook Revisions
Mortgage Compliance

Important Revisions to HUD Handbook that should benefit Lenders!

HUD/FHA published revisions to its draft 4000.1 Handbook on August 14, 2015 that should benefit lenders! If you have been reading the Blog Posts and Newsletters being generated by LoanLogics in the past few months – you are aware of the many underwriting policy changes being implemented by HUD/FHA when their 4000.1 Handbook becomes effective.  Most portions of this Handbook…

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The-Buyers-Are-Coming
Mortgage Industry Trends

The Buyers are Coming!

According to a recent Fitch Ratings report, we should be seeing more buyers in the upcoming months. This due, in part, to a steady easing of credit underwriting standards by banks and independent mortgage lenders, coupled with certain other factors (Buyers). The easing of credit standards, coupled with historically low interest rates, the slowing in the rate of home price…

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jumbo QM Mortgages
Mortgage Industry Trends

Credit Standards Easing

A recent survey of senior loan officers (are there any others?) shows that credit standards for mortgage loans are loosening up a little. This easing is not in the government or subprime loan markets but rather in the areas of QM jumbo loans (Credit). Many banks shy away from FHA lending and sub-prime loans. Although Independent Mortgage Lenders believe these…

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