FHA rolls out new training modules after long-awaited HECM Handbook publication
The new training details the incorporation of the new HECM section of the Handbook, which the industry has waited years for.
Source: reversemortgagedaily.com
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Best Ex, Workflow, Subservicer Audit, Fulfillment Products ; FHA, VA, USDA News; Mr. Cooper's Cyberattack
Do you use make up? Charles Revson of Revlon observed, back in the days when you could observe these things, "In the factory, we make cosmetics; in the store, we sell hope.” Informed mortgage people know that hope is not a strategy, and companies can’t hope that they’re never the victim of a hack. Here in the Dallas, Texas, area, headquarters of Mr. Cooper, the company was hit with a cyberattack forcing it to lock down its systems and impacting thousands and thousands of clients of hundreds of lenders whose clients rely on them. I don’t know if live-time cy...
Source: mortgagenewsdaily.com
FHA Revises Appraisal Validity Period Guidance | Weiner Brodsky Kider PC
Recently, FHA published a Mortgagee Letter (ML), ML 2022-11, which extends the initial appraisal validity period to 180 days from the effective date of the appraisal and increases the...
Source: jdsupra.com