The Federal Housing Administration is re-issuing a loan certification proposal that has sparked industry concerns that it will make it easier for the Justice Department to sue lenders when they file claims for agency-insured loans that go into default.
More than half of real estate agents are planning to extend their sales contracts to provide more time for the closing process due to the coming implementation of new mortgage disclosures.
Fraud risk has diminished as a result of widespread changes that lenders have made to their origination practices, according to Fitch Ratings.
M&T Bank has agreed to pay $485,000 and change its lending policies to settle a lawsuit that accused the Buffalo, N.Y., company of racial discrimination in making mortgage loans.
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