Credit Companies Penalized; FHA and VA Lender Changes

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Posted To: Pipeline Press

Any LO looking for opportunity should look no further than this statistic: there were 189,100 multifamily rental units completed between the fourth quarter of 2015 and the third quarter of 2016 across 54 U.S. metropolitan areas. Of those units, 84 percent were “luxury,” which seems ridiculous. If everything is luxury , is anything luxury? Snide comments aside, I bet the security deposit and rent on many of those is more than the monthly cost of financing a house. Maryland mortgage professionals have announced a merger of their two state-wide non-profit trade associations. Effective January 1, 2017, the Maryland Mortgage Bankers Association (MMBA) and the Maryland Association of Mortgage Professionals (MAMP) will be the Maryland Mortgage Bankers and Brokers Association (MMBBA), jointly…(read more)

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