by Jeff Sorg | Oct 2, 2018 | Real Estate, Mortgage
Where a second appraisal is required, lenders must use the lower value of the two appraisals. By Jeff Sorg, OnlineEd Blog (October 2, 2018) (WASHINGTON) HUD – The Federal Housing Administration (FHA) announced that it will begin requiring lenders originating...
by Jeff Sorg | May 17, 2017 | Mortgage, Real Estate
Financial Freedom Settles Alleged Liability for Servicing of Federally Insured Reverse Mortgage Loans for $89 Million By Jeff Sorg, OnlineEd Blog (May 17, 2017) (US Dept. of Justice, May 16, 2017) – Financial Freedom has agreed to a settlement with the United...
by Jeff Sorg | Dec 7, 2016 | Mortgage, Real Estate
The CFPB has long warned against deceptive reverse mortgage advertising By Jeff Sorg, OnlineEd Blog (December 7, 2016) – Today the Consumer Financial Protection Bureau (CFPB) took action against three reverse mortgage companies for deceptive advertisements,...
by Jeff Sorg | Dec 15, 2015 | Mortgage, Real Estate
There is no change to the FHA national loan limit “ceiling” which remains at $625,500 By Jeff Sorg, OnlineEd Blog (December 15, 2015) – The Federal Housing Administration (FHA) announced the agency’s new schedule of loan limits for 2016. These loan limits...