Skip to main content

Wolters Kluwer Financial Services helps lenders embrace enhanced H4H Program

Feb 12, 2010

In response to recent enhancements to the federal government’s HOPE for Homeowners (H4H) program, Wolters Kluwer Financial Services has updated its comprehensive library of H4H mortgage documents and consumer education materials. Lenders and servicers can use the documents to help more efficiently refinance troubled borrowers’ existing mortgages into more affordable loans in compliance with the H4H program. The U.S. Department of Housing and Urban Development’s newly-enhanced H4H program contains several provisions meant to increase lender and borrower participation. They include: reduced program fees, streamlined borrower certification requirements, and underwriting guidelines more consistent with standard Federal Housing Administration (FHA) lending practices. The program now also provides greater incentive payments for originators and servicers. Wolters Kluwer Financial Services offers lenders and servicers mortgage documents and disclosures needed to refinance loans through the H4H program. Members of the company’s Compliance Management Services team can also help educate an institution’s staff on H4H program requirements through tailored training programs. These risk management professionals include attorneys, compliance analysts and regulatory consultants with decades of financial services industry experience, and many of whom are former regulators, bankers and lenders. “By drawing upon our nearly 40 years of mortgage industry experience and strong regulatory expertise, Wolters Kluwer Financial Services will continue to work with lenders and servicers to make the H4H refinance process faster and more efficient,” said Jason Marx, vice president and general manager of Mortgage for the company. For more information, visit www.wolterskluwer.com.
About the author
Published
Feb 12, 2010
In Wake Of NAR Settlement, Dual Licensing Carries RESPA, Steering Risks

With the NAR settlement pending approval, lenders hot to hire buyers' agents ought to closely consider all the risks.

A California CRA Law Undercuts Itself

Who pays when compliance costs increase? Borrowers.

CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

Fannie Mae Weeds Out "Prohibited or Subjective" Appraisal Language

The overall occurrence rate for these violations has gone down, Fannie Mae reports.

Arizona Bans NTRAPS, Following Other States

ALTA on a war path to ban the "predatory practice of filing unfair real estate fee agreements in property records."

Kentucky Legislature Passes Bill Banning NTRAPS

The new law prohibits the recording of NTRAPS in property records, creates penalties if NTRAPS are recorded, and provides for the removal of NTRAPS currently in place.