Posted To: Pipeline Press
My father was in the U.S. Navy for 20 years (1942-1962) and his first home loan in 1967 was a VA 30-year fixed rate mortgage. That was obviously pre-internet, and now there are tools on the web to help veterans. For example, want to help your VA borrower manage their housing benefits? Here’s a nifty site: https://ift.tt/2HbqFVM . There’s a lot going on in VA, and FHA, lending – more below. FHA/VA News Yesterday Bloomberg published, “ U.S. Is Restricting Lenders in Veterans' Mortgage Crackdown .” “Two lenders have been punished by a top U.S. mortgage agency amid its concern that they enabled costly rapid refinances of veterans’ home loans. NewDay USA and Nations Lending Corp. have been restricted effective this week from...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily https://ift.tt/2IxnkzF
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