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CFPB Says Mortgage Shopping Is a Must

The CFPB has found that most borrowers don't shop for the best mortgage. Read why they absolutely should.

Caught in the Crosshairs: Congress Targets FHA Mortgage Program

On December 9, 2014, Congress released their latest budget bill, the House Amendment to the Senate Amendment H.R. 83. Buried deep within this 1500 page bill, there is mention of the Homeowners Armed with Knowledge (HAWK) program, and not in a good way. HAWK is…

CFPB Proposes Expanded Foreclosure Protections

In late November, the Consumer Financial Protection Bureau (CFPB) turned its focus toward ensuring that homeowners and borrowers are treated fairly by mortgage servicers. The bureau released a proposal which would provide surviving family members and other homeowners with the same protections as the original…

Landmark Network Announces Integration With Vendor Management Software Solution, Mercury Network

– For Immediate Release North Hollywood, CA, November 13, 2014 – Landmark Network, Inc., a national appraisal management company and technology provider, announces completion of integration between their proprietary appraisal management software, Landscape™ and the a la mode vendor management solution, Mercury Network. This integration…

Back In the Black: FHA’s Return to Solvency

The Federal housing Administration is a government agency within the Department of Housing and Urban Development. “It sets standards for construction and underwriting and insures loans made by banks and other private lenders for home building.”[i] In its efforts to stabilize the mortgage market since…

HUD Issues Financial Assessment Guide

Today, the Department of Housing and Urban Development released a 59-page Home Equity Conversion Mortgage (HECM) Final Assessment and Property Charge Guide.  The guide’s purpose is to provide underwriting guidance and documentation requirements for completing the financial assessment which is a requirement for mortgage approval. …