The U.S. Court of Appeals for the Second Circuit upheld the fraud conviction of Michael Hild, founder and former CEO of the now-shuttered reverse-mortgage lender, Live Well Financial.
Read MoreVA partial claims greenlit; FHA implements multi-factor authentication; lawmaker calls for DOGE investigation at HUD; HUD sells HECMs in bulk.
Read MoreThe Department of Housing and Urban Development’s Office of Inspector General found Neighborhood Loans’ quality control program was lacking during the pandemic.
Read MoreThe Senate Committee on Banking, Housing and Urban Affairs approved legislation that would make reforms across government-backed loan programs.
Read MoreThe builder and its mortgage unit sharply increased securitization volume of FHA loans over the past two years by offering interest rate buydown incentives.
Read MoreFrank Cassidy and Joseph Gormley have been serving as informal leaders of FHA and Ginnie Mae, respectively, for months.
Read MoreIssuance of Ginnie Mae mortgage-backed securities in July declined slightly from the previous months due to a slowdown in refinances. (Includes two data tables.)
Read MoreRayse provides a client-facing space for agents and clients to remain connected throughout the transaction — logging every update.
Read MoreThe valuation and timeline are seen as overly optimistic, with some estimates at half the proposed figure ahead of a planned IPO this year.
Read MoreICE Mortgage Technology has integrated Freddie Mac’s AIM Check API into its Mortgage Analyzer for faster, AI-powered income verification.
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