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HUD seeks public comment on updates to reverse mortgage documents

Housing Wire

These include wholesale revisions to the lender table for the best estimate of the total cost of the refinancing to the borrower, as well as increases to the borrower’s principal limit. Department of Veterans Affairs (VA) loans, the notice said.

Mortgages 381
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The activities RESPA allows real estate agents to perform

Housing Wire

However, RESPA applies to a construction-to-permanent loan inside one bundle. Loan for vacant land. When a loan is offered to buy land that will not be used to build a covered residential framework, RESPA doesn’t have to look into the loan. Loans for large land parcels.

Agents 334
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Could the assumable mortgage level the playing field?

Housing Wire

.” CMS said that in the case of an FHA loan being assumed at the company, CMS offers a simultaneous second lien to the qualifying buyer for an amount up to 80% of the determined property value. It cannot be used by the veteran to purchase another property until the assumed loan is paid in full.

FHA loan 381
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Why CAR campaigned for California’s Proposition 19

Housing Wire

Proposition 19 eliminated the ability of homeowners to transfer primary residential properties to their children or grandchildren without the property’s tax assessment resetting to market value if the property is being used as a rental house or second home.

VA loan 347
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FREE Webinar: Update on Current VA Appraisal Topics

McKissock

Don’t miss this FREE update on VA appraisal topics on Wednesday, February 22nd from 11am-12pm ET. He was an independent fee appraiser on the VA panel for over 9 years prior to his current position. He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros.

VA loan 85
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NRMLA, MBA provide comments on HECM application, origination documents

Housing Wire

MBA and NRMLA each state that they are generally supportive of the proposed changes, which include wholesale revisions to the lender table for the best estimate of the total cost of a refinancing to the borrower, as well as increases to the borrower’s principal limit. Department of Veterans Affairs (VA) loans.

VA loan 314
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The activities RESPA allows real estate agents to perform

Real Trends

However, RESPA applies to a construction-to-permanent loan inside one bundle. Loan for vacant land. When a loan is offered to buy land that will not be used to build a covered residential framework, RESPA doesn’t have to look into the loan. Loans for large land parcels.

Agents 67