The U.S. Federal Housing Administration (FHA) issued final guidance in the form of Mortgagee Letter 2016-11 regarding the subordination of Property Assessed Clean Energy (PACE) assessments on Tuesday, July 19, 2016. As...more
8/19/2016
/ Appraisal ,
Consumer Financial Protection Bureau (CFPB) ,
Default ,
Federal Housing Administration (FHA) ,
FHA Loans ,
FHFA ,
Foreclosure ,
Lien Priority ,
Mortgages ,
PACE ,
Public Records ,
Real Estate Transfers ,
Special Assessments ,
Super Priority
Congress in the Dodd-Frank Act responded to concerns about the quality of mortgage loans by establishing incentives for lenders to seek to ensure that borrowers had the ability to repay mortgage loans made to them. In...more
1/16/2013
/ Ability-to-Repay ,
Borrowers ,
Consumer Financial Protection Bureau (CFPB) ,
Damages ,
Dodd-Frank ,
Foreclosure ,
Lenders ,
Loans ,
Mortgages ,
Penalties ,
Qualified Mortgage Rule ,
Rebuttable Presumptions ,
Safe Harbors ,
Truth in Lending Act (TILA)