New rules on loan fees and interest rates have been proposed, while another proposal seeks to eliminate some of the disparity between bank and non-bank loan originators. In addition, changes are being proposed to the existing loan originator compensation rule that should alleviate some industry concerns. On mortgages where a mortgage broker or creditor pays [...]
Posts Tagged ‘origination’
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Guidance Issued on LO Comp Rule
August 18th, 2012 
davidguide 
Posted in Business Loans 
Tags: consumer protection act, disparity, industry concerns, Issued, loan originator, Mortgage, origination, origination points, prospective borrowers, protection, rule 
Comments OffRadian Loosens Up
March 9th, 2011 davidguide Radian Guaranty Inc. outlined policy updates in and eBulletin. According to Radian, the requirement for a minimum 720 FICO score in four hard-hit states is being eliminated. Radian said that it removed all non-retail origination restrictions for all property types, programs and transactions. View full post on Mortgage Stories
Posted in Business Loans Tags: eBulletin, fico, Guaranty, Mortgage, origination, policy updates, post, radian guaranty inc, requirement, score Comments OffFHA Third-Party Program Launched
October 24th, 2010 davidguide Fairway Independent Mortgage Corp. announced a new third-party origination program. The program is for loans insured by the Federal Housing Administration. According to the company, options available inlcude a referral relationship, traditional brokering and correspondent lending. View full post on Mortgage Stories
Posted in Business Loans Tags: Corp, correspondent lending, Fairway, federal housing administration, Independent, independent mortgage corp, Launched, Mortgage, origination, origination program, program, referral relationship, ThirdParty Comments OffChase Branches Loses FHA Approval
October 4th, 2010 davidguide JPMorgan Chase Bank, N.A., lost its origination approval agreement with the Federal Housing Administration for an office that operates within the jurisdiction of an Atlanta field office, according to the U.S. Department of Housing and Urban Development. In addition, a Chase office was terminated by HUD’s New Orleans office. A Chase spokesman declined to comment [...]
Posted in Business Loans Tags: approval, Atlanta, bank, Branches, Chase, department of housing and urban development, federal housing administration, Housing, housing and urban development, JPMorgan, jpmorgan chase bank, Loses, N.A, NEW ORLEANS, office, origination, U.S. Department Comments Off
