Tag Archives: mortgage loan origination

Will Ben Carson, Secretary Of HUD Nominee, Pose Any Risk To The FHA Mortgage Program?

FHA Mortgage charts

The Department of Housing and Urban Development, or HUD, is the federal agency with stewardship over the critically important FHA mortgage program! Why are FHA mortgages so critical to many homebuyers and therefore to any continued strength in the housing market going forward? Because a fact that many might not be aware of is that FHA […]

Lenders Wonder: What To Do About Qualified vs. Non-Qualified Mortgages?

At the beginning of 2014 rules went into effect that differentiated between qualified mortgages (QM) and non-qualified mortgages (non-QM)! The purpose of making the distinction between the two was the governments methodology to try and avoid the scourge of the bad loans that helped lead to the 2008 financial crisis. This ‘toxic debt’ that was […]