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90% of US Counties Get FHA Loan Limit Increase
Appraisal Buzz (press release) (blog)
Loan limits will be rising in 2018 for loans guaranteed by the FHA. The Department of Housing and Urban Development (HUD) announced on Thursday it was boosting limits for those loans in more than 3,000 counties. This will bring FHA loans in line with ...

and more »

Servicing News; FHA and VA Update; US Bank Exits Wholesale
Appraisal Buzz (press release) (blog)
Upset that Richard Cordray has left the CFPB and is officially running for governor of Ohio ? Bored with lending here, and want to go into the home financing business in Africa? Per AllAfrica, Tanzania leads the pack with mortgage rates at 18% . The U ...

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Mortgage Professional America

Class Appraisal announces new president
Mortgage Professional America
While it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. This ...


DOJ reaches $11.7M deal with IberiaBank over false claims
The Daily Iberian
31, 2014, IberiaBank certified for FHA insurance mortgage loans that did not meet HUD underwriting and origination requirements and were, therefore, ineligible for FHA mortgage insurance under the DE program. HUD paid FHA insurance claims on certain of ...


The Dough Roller

FHA Reverse Mortgages (HECMs) for Seniors
The Dough Roller
With an FHA-insured HECM, the government will foot the bill for the difference if your home sells for less than you owe on the mortgage. This is, in fact, the primary advantage of getting a reverse mortgage through the HUD program rather than an ...

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IberiaBank paying $11.7 million in Justice Department settlement
The Advocate
Lafayette-based IberiaBank has agreed to pay $11.7 million in a settlement with federal officials over allegations the bank and its mortgage company made false claims for loan guarantees, the U.S. Justice Department announced. The Justice Department ...


HousingWire

DOJ: IBERIABANK will pay $11.6M over insurance certifications
Arkansas Times (blog)
31, 2014, IBERIABANK certified for FHA insurance mortgage loans that did not meet HUD underwriting and origination requirements and were, therefore, ineligible for FHA mortgage insurance under the DE program. HUD paid FHA insurance claims on certain of ...
DOJ settles with IberiaBank for $11.7 million over false claimsNOLA.com
False Claims Act claims another one: IBERIABANK fined $11.7 million for FHA lending violationsHousingWire

all 14 news articles »

HousingWire

Illinois mortgage brokers accused of using their own AMC to create ...
HousingWire
Two Illinois mortgage brokers stand accused of fraudulently operating a supposedly independent appraisal management company and using that AMC to create fraudulent property appraisals that were used to defraud financial institutions. Steven Garcia and ...

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Moody's places Monroe County Industrial Development Agency, NY, FHA Insured Mortgage Revenue Bonds (Unity ...
Moodys.com (press release)
New York, December 05, 2017 -- Moody's Investors Service, ("Moody's") has placed the rating of Monroe County Industrial Development Agency, NY, FHA Insured Mortgage Revenue Bonds (Unity Hospital of Rochester Project), Series 2010 under review for ...

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