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Servicing News; FHA and VA Update; US Bank Exits Wholesale

Posted To: Pipeline Press

Upset that Richard Cordray has left the CFPB and is officially running for governor of Ohio ? Bored with lending here, and want to go into the home financing business in Africa? Per AllAfrica, Tanzania leads the pack with mortgage rates at 18% . The U.S. isn’t the only country struggling with affordable housing. The proportion of Tanzanian urban households who might afford the cheapest newly built house by a private developer, given current mortgage financing, was only one per cent, lower than Uganda (3%), Rwanda (3%) and Kenya (8%). (See? I read other things beside airline magazines and the National Enquirer.) Servicing Update Pete Mills, SVP, Residential Policy and Member Services with the MBA, sent, “Rob, as a follow on to your recent tutorial on MSRs, I just wanted to highlight a significant…(read more)

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