Lender Expansion; FHA, VA; Households Moving Toward Buying

Posted To: Pipeline Press

I recently heard a CEO say, “I am fine competing on product, price, and service. But we shouldn’t have to compete on subjective interpretations of rules, regulations, and compliance issues.” While residential lenders wait for another “instructive” public enforcement action (plenty of them are negotiated privately with no fanfare), you can always see past publicized actions here or for something meatier and useful here are the CFPB's Supervisory Highlights . (For example, pages 5, 6, & 7 address underwriting borrowers on assets & down payment size and not income under the ATR rules.) FHA & VA Trends and Program Changes From Around the Industry Some originators will say that the FHA program is the "new" subprime channel - certainly the program appeals...(read more)

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