Mortgage
FHA lowers owner-occupancy requirement for condos
(REAL ESTATE NEWS) The National Association of Realtors has long fought for the FHA to reduce their owner-occupancy requirements on condos, and today the FHA budged in what NAR calls “a big leap forward.”

Mortgage
Lenders want their brokers to come back
(MORTGAGE) The number of mortgage brokers drastically declined after the 2008 financial crisis, however, now lenders are saying they need them back.
Mortgage
Moody’s fined $864M for fluffing ratings of mortgage-backed securities (their clients)
(MORTGAGE) The feds have come down hard on Moody’s who has not admitted guilt, but will pony up millions like other ratings companies who played a role in the mortgage crisis.
Mortgage
Could lender paid mortgage insurance be illegal?
Is lender paid mortgage insurance legal? Yes, but not disclosing is illegal, according to a new lawsuit against Wells Fargo.
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