The U.S. Department of Justice (DOJ) announced that Indian Land, South Carolina-based Movement Mortgage LLC will pay $23.75 million to resolve allegations that it violated the False Claims Act when it failed to comply with material program requirements during its...
The Federal Housing Administration (FHA) published a Mortgagee Letter that increases the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million. This marked the first increase in the multifamily loan threshold since 2014. The...
The Federal Housing Administration (FHA) will require lenders to use the Supplemental Consumer Information Form (SCIF) when originating mortgages for FHA insurance. The SCIF (Fannie Mae/Freddie Mac Form 1103) is used during the mortgage application process and enables...
The Federal Housing Administration (FHA) is making more than 30 single-family home loan documents and related resources used in the origination of FHA-insured mortgages available in Chinese, Korean, Spanish, Tagalog and Vietnamese. According to the agency, the...
UWM Says VantageScore 4.0 Improves Results for 1 in 4 Borrowers
