Warehouse, Underwriting Products; Agency News; Capital Markets Update

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Posted To: Pipeline Press

In low down payment and HFA news, HUD, dba the FHA, has agreed to a 90-day stay in implementation of Mortgagee Letter 19-06 (regarding down payment assistance) to have a 90 day comment period. The flurry reminded the industry that there are lots of options out there for low down payment loans. For example, Wells Fargo’s retail arm offers its 3% down “ yourFirst Mortgage® .” Over in conventional land, there is something interesting as well. Anyone interested in lending to borrowers in that industry should read, “ Fannie’s HomeReady Program Allows for Cannabis Industry Financing .” Lots more conventional conforming news below. Lender Products and Services From industry-leading technology to professional expertise and convenient education opportunities,...(read more)

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Source: http://www.mortgagen...

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