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"I think lenders are carefully weighing the risks regarding whether to make loans involving down payment assistance," said Krista Cooley, a partner at the law firm Mayer Brown in Washington.
BY Brian Collins
A long-running dispute between the Department of Housing and Urban Development and the agency's Office of Inspector General over down payment assistance programs is beginning to have an impact on lenders.
"Graceful" may not be the first word that comes to mind when thinking about last year's "Know Before You Owe" disclosure implementation, but one Texas loan officer has a different perspective.  more »
The Federal Housing Finance Agency is seeking to make it easier for Federal Home Loan Banks to accept certain kinds of collateral for advances.  more »
Mortgage application activity decreased 2.1% from one week earlier, according to the Mortgage Bankers Association.  more »
The national credit union trade associations have joined with unlikely partners as co-signers on a letter that calls out the Department of Housing and Urban Development over lending issues.  more »
Producer Profile
Starkey Mortgage's Eric Glick prides himself on the dedication he brings to educating clients. His approach starts by making sure he stays current on the latest industry trends. Here's how.
The results of the 2016 Top Producers Survey reflect a year of booming business for loan officers, both in terms of the dollar volume and number of loans reported by each loan officer.
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