By Rob Chrisman
Posted To: Pipeline Press
Plenty of LOs and lenders rely on the FHA’s programs for their livelihood. (FHA loans account for about 10% of all applications, VA 11%, USDA 1%.) Is the FHA’s financial situation really improving? For those who care, this short report – which analyzes the FHA’s book of business and insurance premiums – is worth five minutes of your time. “The issue is really how quickly the new forward books of business should be required to make up for both the unprofitable reverse mortgage business and the unprofitable 2001-09 forward book of business, when forward premiums were too low and when lending standards were too lax.” Ocwen , and certainly its stock price, have been beat up after its CEO resigned and it agreed to sell its government MSR portfolio as part of a settlement. The stock is down 77% over…(read more)
Via:: Info on Strategic Planning; Millennial Impact; Will Bond Market Rally Actually Help Borrowers?
