REACH THE RIGHT SOLUTION AT THE RIGHT TIME!
Contact NMSI
Welcome to Nationwide Management Services, Inc. Our services are supported by a unique and proprietary fully-automated inspection system. Our system allows our agents to contact and complete your requests much faster and more effective than our competitors. We ensure you get the right service and provide you with access to comprehensive reports so that our relationship is 100% transparent. Our goal is to maximize every dollar you spend with us and to enhance the overall loss mitigation experience with you as well as your customer.
CONTACT US
 

Why Lenders Are Cutting Back on FHA; Volatility Ahead For Rates; Home Sales and Prices Bounce Back

Why Lenders Are Cutting Back on FHA; Volatility Ahead For Rates; Home Sales and Prices Bounce Back

After the housing crisis and faced with a flood of insurance claims, FHA and the Department of Justice responded with enforcement efforts against lenders that had made underwriting mistakes , levying large fines, requiring more indemnification, and bringing claims of fraud under the False Claims Act. Urban Institute (UI) analysts Jim Parrott and Laurie Goodman write that this generated confusion among lenders, first because they hadn't faced such enforcement actions in the past and second because the rules weren't being applied consistently or predictably. Many, especially the large, well-capitalized ones, cut back, sometimes dramatically, on FHA lending and eventually newer, often less capitalized lenders filled the gap, leading to a shift in counterparty mix. This makes the FHA market less
No Comments

Sorry, the comment form is closed at this time.