The Department of Veterans Affairs (VA) has updated the appraisal process regarding Minimum Property Requirements (MPRs), the standards that determine if a property is eligible for a VA-guaranteed home loan. According to the department, the updates address issues that...
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit expressed unease over the Department of Veterans Affairs’ (VA) request that servicers pause foreclosure proceedings of VA-guaranteed loans. Earlier this month, the VA asked mortgage servicers for a...
UWM Gives Underwriters Bigger Role in New Underwriting+ Program
