Mortgage tech firm Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. The company now fully automates underwriting decisions for ...

Some of the major players in the mortgage market continue to tweak their loan programs, both to reduce risk in their portfolios and to cure their shattered financial condition. The Federal Housing ...

John Mostellar III, James Wright Jr. On July 10, 2024, the U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter (ML) 2024-14, expanding mortgagee liability for fraud or ...

HUD is preparing to implement a few new policies that will no doubt affect your pipeline/loan application process. Last week, HUD and the FHA invited public comment on three of those policy changes, ...

Risky home loans led to the 2008 housing crisis and the subsequent Great Recession. Regulators and lenders quickly tightened mortgage-underwriting standards to prevent future crashes. Have we ...

A broad range of industry organizations is calling for the Federal Housing Administration to lower a particularly high bar set for mortgage applicants who have income-based student loans. The Mortgage ...

Buying a home can feel overwhelming, especially when you're trying to decide which mortgage program is right for you. When ...

The Federal Housing Administration (FHA) is making it easier for homebuyers financially affected by COVID-19 to qualify for a loan. The administration told lenders Thursday it will grant underwriting ...

FHA is reversing an earlier decision to remove the rule requiring manual underwriting for mortgages with credit scores below 620 and a ratio of debt to income above 43 percent. The decision, conveyed ...

In Mortgagee Letter 2020-30 dated September 10, 2020, the U.S. Department of Housing and Urban Development (HUD) provides guidance on the underwriting of applicants for FHA insured mortgage loans who ...

At the quiet dawn ahead of the Memorial Day weekend, the U.S. Department of Housing and Urban Development told America’s FHA mortgage lenders to lower the underwriting bar for H-1B visa holders. To ...