Issue: Rules - May 10, 2019

FHA ML 19-06 and ML 19-07 Down Payment Assistance and Extension of the Effective Date Dated April 18, 2019 and April 25, 2019

Written By: Tracey Rumsey, Staff Writer Down payment assistance has been a tumultuous ride for FHA as they once again attempt to clarify acceptable sources.  Anyone utilizing DPA for their clients should read through this update. Rule Synopsis: Effective for loans with case numbers on or after July 23, 2019 lenders must obtain the following […]

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USDA – Update for URLA – Universal Residential Loan Application- Use during Optional Implementation Timeframe

Written By: David Hail, Staff Writer Lenders are in full preparation mode for the new URLA – Universal Residential Loan Application and optional use begins this summer.  But hold your horses on using the new loan application for USDA loans until the mandatory date.  Read this update to clear up the confusion. Rule Synopsis: On […]

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Altisource Annual Origination Solutions Survey

Written By:  Tammy Butler, Master CMB Altisource commissioned an Origination Solutions Survey to uncover industry insights and challenges that originators face each day.  There are some great takeaways that will assist you in your business planning. Rule Synopsis: The Altisource survey was commissioned to highlight industry insights, including risks and challenges present in the market. […]

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