SOURCE: Mortgage News Feed
A new initiative by Fannie Mae will benefit lenders and originators, according to one industry player. "What this is all about is good old Fannie Mae trying to keep up with the young upstarts who are starting to nip at the heels of the traditional lenders; online startups are popping up every day that are threatening to make the residential lending process easier, faster, and totally online,” Marc Israel, president of MiT National Land Services, told Mortgage Professional America. “These newbies are also using new methods for analyzing creditworthiness that vary from your old man’s underwriting. Read Full Article Here >>
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Each week we post articles on FHA/VA Government news topics, ranging from FHA Direct Endorsement Underwriters, to current FHA underwriting guidelines, to new FHA rules/regulations, FHA compliance, FHA lending requirements and much more! PLEASE NOTE: We are NOT owned, operated or affiliated with HUD, FHA or the Federal Government in any way.