Reston-based company sued on fraud charges Nevada law firm says Mortgage Electronic Registration Systems deprives counties of fees by Gregg MacDonald | Staff Writer A Nevada law firm has filed two civil lawsuits against Reston-based Mortgage Electronic Registration Systems alleging billions of dollars worth of fraud. The suits, filed in Nevada and California district courts, [...]
March 25, 2010
U.S. Plans Big Expansion in Effort to Aid Homeowners
By DAVID STREITFELD
The Obama administration on Friday will announce broad new initiatives to help troubled homeowners, potentially refinancing several million of them into fresh government-backed mortgages with lower payments.
Another element of the new program is meant to temporarily [...]
The Federal Housing Administration is raising fees and tightening lending standards to shore up its strapped finances and avoid a taxpayer bailout.
Federal Housing Administration – Business – United States – Mortgage – Housing
The Federal Housing Administration says its financial cushion has dipped to a dangerously low level but should remain above zero under “most economic scenarios.”
Federal Housing Administration – Business – Real estate – Housing – Residential
The Federal Housing Administration says its financial cushion has dipped to a dangerously low level but should remain above zero under “most economic scenarios.”
Federal Housing Administration – Business – Real estate – Housing – Residential
The Federal Housing Administration says its financial cushion has dipped to a dangerously low level but should remain above zero under “most economic scenarios.”
Federal Housing Administration – Business – Real estate – Housing – Residential
The Federal Housing Administration says its financial cushion has dipped to a dangerously low level but should remain above zero under “most economic scenarios.”
Federal Housing Administration – Business – Real estate – Housing – Residential
A year after Fannie Mae and Freddie Mac teetered, industry executives and policy makers are worrying that the Federal Housing Administration could be the next housing domino.
A year after Fannie Mae and Freddie Mac teetered, industry executives and policy makers are worrying that the Federal Housing Administration could be the next housing domino.
The Federal Housing Administration is tightening rules for lenders after reporting that its financial cushion will sink below mandatory levels for the first time in its 75-year history.
I have a lot of conversations with people about our economy, foreclosures and such… from clients to friends in business to attorneys. Everyone who’s asked me what I foresee coming I’ve told them that 2010 will be a very tough year and they better prepare now. We aren’t done yet folks… and the policies of the Obama Administration and our collective disaster we call Congress, are going to make things even worse – and very well will extend the recession quite painfully. I have told people to expect another wave of foreclosures. As long as you have no job creation and more job loss happening every day, this cycle won’t stop. It’s as simple as that.
Taylor, Bean & Whitaker has been suspended from originating or underwriting FHA loans according to a press release by the Federal Housing Administration (FHA) today. The company was also terminated as a GNMA Seller-Servicer. One thing is for sure: the impact will be huge.
The Federal Housing Administration Tuesday suspended Taylor, Bean & Whitaker Mortgage Corp. from making loans insured by the federal agency, knocking out one of the biggest FHA lenders at least temporarily.
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