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CSBS Task Force will address upcoming review of nation’s financial regulatory system

National Mortgage Professional
Nov 23, 2008

MBA's Courson welcomes additional flexibility on FHA's HOPE for Homeowners program MortgagePress.comMBA, John A. Courson, HUD, Steve Preston, HOPE for Homeowners John A. Courson, chief operating officer of the Mortgage Bankers Association (MBA), has issued this statement following the announcement by Secretary of Housing and Urban Development (HUD) Steve Preston of changes to the HOPE for Homeowners program to expand eligibility and lower costs on borrowers and lenders who participate. "Mortgage lenders welcome the additional flexibility that today's changes to the Hope for Homeowners program will provide. HOPE for Homeowners is an important tool that lenders can use in the fight to keep families in their homes and out of foreclosure. "Expanding the eligibility criteria and making the program less expensive for both the borrower and the lenders will allow us help more borrowers. By agreeing to immediately compensate subordinate lienholders, HUD is providing additional incentive for those lienholders to release their liens, which will free more borrowers to access the Hope for Homeowners Program. "We look forward to working with officials at HUD to continue to improve this and the other foreclosure avoidance programs and products that they have created. The more effective tools lenders have at their disposal, the more we can help troubled homeowners. For that reason, we are also encouraging HUD to continue the FHA Secure program." For more information, visit www.mortgagebankers.org.
Published
Nov 23, 2008
Home Partners Of America Launches Choice Lease Program

Home Partners of America launched its Choice Lease program aimed at addressing the affordable housing crisis and mortgage access challenges, that are faced by low-to-moderate-income families and underrepresented communities.

Industry News
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KBRA Assigns Preliminary Ratings To OBX 2022-NQM1 Trust

Kroll Bond Rating Agency assigned preliminary ratings to six classes of mortgage pass-through notes from OBX 2022-NQM1 Trust, a $556.7 million non-prime RMBS transaction.

Non-QM
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Zillow: Black Mortgage Applicants Denied 84% More Often Than White

Zillow recently analyzed data from the Home Mortgage Disclosure Act and found that Black mortgage applicants are denied a mortgage 84% more often than white applicants.

Analysis and Data
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Mortgage Economic Review January 2022

The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage and Real Estate Professionals.

Analysis and Data
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Fairway Independent Mortgage Corp. Puts Employees' Health First

Fairway Independent Mortgage continues to allow its employees to choose whether to return to the office or not.

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First American Agrees To Acquire Mother Lode Holding Co.

Acquisition would expand First American’s footprint in 11 states

Industry News
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