07 Feb

FHA Mortgage Share Increased in 2015

FHA Mortgage Share Increased in 2015
Recent data released under the Home Mortgage Disclosure Act (HMDA) on mortgage loans indicates that the FHA-insured share of all 1-4 family mortgage originations in owner-occupied homes increased in 2015. At the same time, refinancings relative to home …
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eyeonhousing.org


Wells Fargo Home Mortgage Discontinues Home Equity Conversion Mortgages
Wells Fargo Home Mortgage announced today that it will discontinue origination of Home Equity Conversion Mortgages (HECM), commonly known as reverse mortgages. The HECM is a U.S. Department of Housing and Urban Development reverse mortgage program that was …
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www.wellsfargo.com


Prattville woman receives 46-month sentence for mortgage fraud
Attorney General Luther Strange has announced that a Prattville woman will serve time in jail for residential mortgage fraud. Lynda Branch pleaded guilty on October 31, 2016, to three counts of residential mortgage fraud. On Thursday, Branch received a …
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