HUD waives anti-flipping rule for foreclosed properties – NMP Skip to main content

HUD waives anti-flipping rule for foreclosed properties

National Mortgage Professional
Jun 15, 2008

Congressional Budget Office releases cost estimate report for Senate mortgage reform legislation MortgagePress.comSenate Mortgage Reform Legislation, Congressional Budget Office, Fannie Mae, Freddie Mac, Federal Housing Finance Regulatory Reform Act of 2008 The Congressional Budget Office (CBO) estimated that Fannie Mae and Freddie Mac will pay at least $9 billion in additional fees over 10 years under the Senate's Federal Housing Finance Regulatory Reform Act of 2008. If the bill is enacted, the additional fees would be used for a Federal Housing Administration mortgage-insurance program until 2011, and then to fund state housing and community development projects. The CBO, which released the figures as part of a cost estimate report requested by the Senate Committee on Banking, Housing , and Urban Affairs, projects that the program will cost Fannie and Freddie approximately $710 million combined for 2009. The report is available on the Congressional Budget Office's Web site by clicking here.
Published
Jun 15, 2008
Battle Between Loan Originators Gets Sparkly and Dirty

Flowers is suing both Durosko and Peevey for these pranks, demanding compensation for their harmful acts, but that doesn’t tell the whole story. 

Industry News
May 18, 2022
FirstClose Receives $35M Investment From Lateral

Fintech says it will use the investment to expand its growing financial services footprint.

Industry News
May 18, 2022
Mortgage News Network Launches Podcast On Helping Underserved Borrowers

'Gated Communities' looks at why homeownership gap is increasing, and what lenders are doing to reverse the trend.

Industry News
May 17, 2022
Class Valuation Appoints EVP Of Valuation Modernization

Cristy Conolly will focus on removing bias from the equation in appraisals.

Industry News
May 17, 2022
Open Mortgage Appoints New Chief Financial Officer

Anthony Nolte, Open Mortgage's CFO since 2019, will transition to chief legal officer.

Industry News
May 17, 2022
Online Brokerage REX Pursues Litigation Against Zillow & NAR

The legal battle between REX Home Loans (Real Estate Exchange, Inc.) and NAR continues to heat up, even though REX is reported to have shut down operations.

Industry News
May 16, 2022