HSBC Job Cuts; FHA & VA Program & Lender Changes

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Posted To: Pipeline Press

Here in New York the airplanes will be filled with capital markets staff and CEOs heading home from the MBA’s conference. More observations tomorrow… But generally speaking, if I had to sum things up, I’d say that versus last year’s event where TRID was a major topic, this year’s conference was back to business as usual: scratching out every basis point out of execution and trying to figure out the best way to sell or hold loans in a stagnant rate environment. FHA & VA news? You bet there is. The New York Times reports that, “Life may soon get tougher for private buyers of distressed mortgages from the federal government. (HUD) said that it would announce a new set of rules governing the sale of mortgages formerly guaranteed by the government. The new rules would…(read more)

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