A real estate agent posting on the Mortgage Grapevine is asking why a loan officer is giving his school bus driver a hard time.
According to the post, the driver works for several different companies during the summer months; all employers pay the driver on a W-2.
However, the loan officer is reportedly insisting that the driver does not qualify because he or she is not working at a single company during the summer. To learn more about this, visit
The changes put out by Fannie Mae and Freddie Mac make it clear the Nov. 2 date applies to valuation submissions to the UDCP, not when the loan is delivered.
The changes include clearer and revamped questions and updated requirements for criminal, regulatory and financial disclosures, the CSBS said.
The letter suggests Mortgage Connect review and end the use of any noncompete or other agreements that aren't necessary and to notify workers of updates.
The Federal Reserve's April financial stability report found that asset valuations remain elevated, even as investors are beginning to demand more compensation for risk amid rising uncertainty around monetary policy.
First American claims Liberty National's owner changed the company's name immediately after a judge held her firm liable for an erroneous wire transfer.
Lender and servicer Loandepot, reeling from a larger loss in the first quarter, could use the potential funds to cover daily operations or repay debt.
