Author: hudhousinghelpcom

Several Banks Committed to Return to FHA Lending

FHA’s Montgomery: Several banks have committed to return to FHA lending Could big banks doing FHA loans be on the way back? Ben Lane When the Department of Housing and Urban Development Secretary Ben Carson announced Monday that HUD reached an agreement with the Department of Justice to decrease the use of the False Claims… Continue reading Several Banks Committed to Return to FHA Lending

Blend Looks to Disrupt Home equity Lending

The company said its app will streamline the application and origination process for customers, providing a high-quality digital borrowing experience. It said tests of its HELOC application revealed a 50% reduction in turn time, shaving off as much as 19 days.

“At this moment when Americans have built a record amount of equity in their homes, offering a frictionless way for them to take advantage of that equity to achieve their goals is paramount,” said Blend CEO and Founder Nima Ghamsari. “Today’s consumers expect seamless experiences throughout their financial lives, and with our digital home equity offerings, our customers are set up to continue thriving as the market grows.”

Class action lawsuit on forced-placed insurance for reverse mortgages

Class action lawsuit on forced-placed insurance for reverse mortgages gets green light. Judge fails to dismiss suit against CIT Bank,Financial Freedom and 3 insurance companies. Jessica Guerin https://www.housingwire.com/articles/47870-class-action-lawsuit-on-forced-placed-insurance-for-reverse-mortgages-gets-green-light     A federal judge in New Jersey denied a motion to dismiss a class action lawsuit over force-placed insurance policies for reverse mortgage borrowers.  According to an article… Continue reading Class action lawsuit on forced-placed insurance for reverse mortgages

Welcome to the Gutenberg Editor

Most importantly the goal of Welcome to the Gutenberg this new editor is to make adding rich content to WordPress simple and enjoyable. This whole post is composed of pieces of content—somewhat similar to LEGO bricks—that you can move around and interact with. Move your cursor around and you’ll notice the different blocks light up… Continue reading Welcome to the Gutenberg Editor

Zillow Now in the Mortgage Business

 The dramatic reshaping of Zillow’s place in the real estate ecosystem is about to take a giant step forward, as the online real estate behemoth announced Monday that it is getting into the mortgage business. Nearly 18 months ago, Zillow shook up the real estate industry when it announced that it was getting into the home selling business by launching “Zillow Instant Offers.” In that program, prospective home sellers in certain markets can receive offers for their home direct from investors, all through Zillow’s platform.

EasyKnock Sale Leaseback with Easy Knock

Hard-up for cash? Sell your home and then buy it back Sale-leaseback startup EasyKnock offers an equity-release solution for homeowners in a bind Jessica Guerin httpss://www.housingwire.com/articles/46401-hard-up-for-cash-sell-your-home-and-then-buy-it-back Your house is your biggest asset. You love it and you don’t want to move. But you could really use some liquidity and your FICO score is lacking, which… Continue reading EasyKnock Sale Leaseback with Easy Knock