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Related Articles
The U.S. Department of Housing and Urban Development is suspending funding for the Virgin Islands Housing Finance Authority, the agency announced Monday.Processing ContentHUD said it investigated the organization and found widespread financial mismanagement, inadequate fraud controls, false certifications and improper payments. The VIHFA received $1.9 billion in HUD disaster recovery...
2026-07-21
Non-qualified mortgage loans, by their nature, have risks not commonly seen in conforming underwriting.Processing ContentTo meet those needs, RiskSpan launched Credit Model 7.1 last week. It works alongside RiskSpan's existing non-QM prepayment model, which predicts how fast borrowers pay off their loans. Together, the two models let clients estimate both credit...
2026-07-21
A Florida resident is challenging appraisal fees in a new class action lawsuit against a major lender and an appraisal management company. Processing ContentClayton Bernholtz sued CrossCountry Mortgage and Class Valuation last month for unjust enrichment, in a state filing the AMC removed to a federal court last week. The 16-page...
2026-07-21
Russell Vought, acting director of the Consumer Financial Protection Bureau and director of the Office of Management and Budget.Bloomberg News Processing ContentKey insight: GOP lawmakers said temporary executive changes are insufficient, and permanent changes to the Dodd-Frank Act are needed to rein in a future Democratic administration.What's at stake: Acting...
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