• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

FHA Looks to Shore Up Finances with New MIP Changes

Federal Housing Administration Commissioner Carol Galante has just announced several significant changes to FHA requirements, processes, and fees in an ongoing effort by the agency to shore up its Mutual Mortgage Insurance Fund (MMI Fund.)  The first change – the consolidation of FHA‘s Standard Fixed-Rate Home Equity Conversion Mortgage (HECM) with its Saver Fixed Rate HECM – was officially announced today.  HECM is commonly referred to as a reverse mortgage

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Social Media Guidance from Federal Regulators; DAP Changes; Regional Events and Mortgage Jobs

  “I have a switch in my apartment that doesn’t do anything. Every once in a while I turn it on and off. One day I got a call from a guy in France who said, “Cut it out!” Knowing what switch applies to what light is important, just as it is knowing what license applies to what state. Like the recent news on national versus state exams: “Rob, I’ve heard

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CFPB Issues Long-Awaited Industry QM and Ability-to-Repay Rules

The Consumer Financial Protection Bureau (CFPB) has adopted a new rule that will protect consumers from irresponsible mortgage lending by requiring lenders to ensure prospective buyers have the ability-to-repay their mortgage. The rule also protects borrowers from risky lending practices such as “no doc” and “interest only” features that contributed to many homeowners ending up in delinquency and foreclosure after the 2008 housing collapse. “When consumers sit down at the closing

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Waiting for QM, the MBA Weighs In; Who is the Largest Private Real Estate Holder?

Huh? AIG, the parent of United Guarantee, is thinking about suing the United States government over its bailout? Stranger than fiction – but true! Here is some chatter on the subject. (And see the “joke” below.) It could be a very big day for the mortgage industry – or at least any company that wants to originate loans that can be sold in the secondary market. The mortgage industry and Wall

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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