A borrower will not be granted a refinance unless he proves he can qualify for the new terms. To approve a refinance request, the loan must be underwritten from scratch. The borrower will provide the ...

Our insured, on a farm policy, had three barns on his property. There was a fire and two of the barns were burned completely, the main barn and a smaller barn. The insurance company paid for the main ...

The Consumer Financial Protection Bureau completed a rule gutting limits on payday lenders, delivering long-anticipated regulatory relief to the small-dollar lending industry. The final rule released ...

Scorched by multiple instances of fraud in its multifamily lending program, it’s twice shy for Fannie Mae. The government-sponsored enterprise has quietly implemented changes in its underwriting ...

The Municipal Securities Rulemaking Board is seeking comment on draft amendments to its rule governing primary offering disclosure, including both technical changes as well as changes to timing ...

Underwriting is the process through which a lender verifies your income, assets, debt and property details before approving a loan and terms such as interest rate and fees. Underwriters perform an ...

The Federal Housing Administration (FHA) has been insuring loans throughout the U.S. since 1934. These loans are popular with first-time buyers and those with lower incomes because the FHA is ...

Before today's news of a shortfall in its Mutual Mortgage Insurance Fund, The Federal Housing Administration (FHA) issued new guidelines for lenders who manually underwrite FHA-backed mortgage loans.