FHA’s Loan Limits; Lender uUpdates; MBS and Non-Performing Supply/Demand

By Rob Chrisman

Posted To: Pipeline Press

Folks who have all their retirement money tied up in Ocwen shares hope that they don’t go the way of Lehman Brothers, PNC, Countrywide, WAMU, and so on. But the shares did take a big hit after New York squashed the deal between Ocwen and Wells Fargo. And what will happen to Ocwen and other similar servicing buyers if the big banks stop selling? Well, here’s an easy-to-read primer . Government originators took note over the weekend that FHA’s Office of Single Family Housing published Mortgagee Letter 2014-25, which provides FHA’s single family housing loan limits for Title II Forward Mortgages and Home Equity Conversion Mortgages (HECMs), and provides loan limit instructions for streamline refinance transactions without an appraisal. “The loan limits published in this Mortgagee Letter are effective…(read more)

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