New Association in Business; Radian Changes; Flagstar’s Ginnie Response


Posted To: Pipeline Press

Two men are sitting in a bar when Mark Zuckerberg walks in. One of the men says to his friend, “This is awesome! On average, everyone in this bar is worth $20 billion!” It’s important to remember the difference between “mean” and “average.” Now, apparently, in the most expensive housing markets in the country, a $1 million home is considered average, while homes priced at $5 million and above are considered luxury homes . Flagstar/Ginnie News Last week Ginnie released information about certain lenders allegedly churning borrowers who are veterans . Flagstar Bank, one of those named, sent a note out reaffirming “its commitment to responsible lending and the overall strength of its VA lending program, and addressed recent news articles alleging…(read more)

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