Wells Fargo is ending some marketing arrangements with real estate firms and home builders over concerns about regulatory scrutiny.
Home Affordable Modification Program denial rates are still high, but the Treasury Department and top mortgage servicers contend that the numbers have improved.
The Federal Housing Administration is expected to rebuff a government watchdog report that blasted down payment assistance programs. The report has raised concerns that mortgage lenders would have to indemnify FHA for past loans, and that housing finance agencies would have the programs restructured.
Prospect Mortgage will end any activities being undertaken as part of marketing services agreements because of regulatory risk.
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