JPMorgan’s Dimon threatens to quit FHA loans

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From Housingwire: JPMorgan’s Dimon threatens to quit fha loans jpmorgan Chase’s (JPM) CEO says his bank is considering getting out of the FHA mortgage origination business altogether. Notably, with the second quarter’s 66% year-over-year plunge in originations reported last week, Continue reading

An FHA Mortgage is a loan insured by the government. It can be used to purchase or refinance 1- to 4-unit properties up to $314,827 (higher amounts available in specific counties). You can choose a fixed 15-, 20-, 25- or 30-year term.

In addition to Ken, I’m joined this morning by Jim Ciroli, our Chief Financial Officer; Lee Smith, our Chief Operating Officer; Kristy Fercho, our President of Mortgage; Drew Ottaway, our President of.

Now, Quicken Loans – FHA’s largest lender – is threatening to pull out too, company founder and Chairman dan gilbert told Reuters. In the first half of 2015, Quicken Loans comprised nearly 6 percent of the FHA loan volume, according to Inside Mortgage Finance.

Dimon threatens to quit FHA loans: Rules on penalties need to be clearer, CEO says 8th Circ. Set To Consider Dodd-Frank Whistleblower Scope 4th anniversary of Dodd-Frank bill

HUD’s anti-scam campaign speaks directly to homeowners who might be looking for help in meeting their mortgage payments. hud’s goal is to help American homeowners empower themselves with knowledge to shield themselves from scammers and report scam activity. This can be achieved through 3 important steps: Know it.

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Find out how to get an FHA loan with outstanding judgements on your credit report. See what no one else will tell you and get matched with someone to help.

About the author: The above Real Estate information on how FHA loans can be problematic for home sellers was provided by Bill Gassett, a Nationally recognized leader in his field.Bill can be reached via email at [email protected] or by phone at 508-625-0191. Bill has helped people move in and out of many Metrowest towns for the last 32+ Years.

JPMorgan’s Dimon threatens to quit FHA loans JPMorgan Chase’s (JPM) CEO says his bank is considering getting out of the FHA mortgage origination business altogether. Notably, with the second quarter’s 66% year-over-year plunge in originations reported last week, that process is inadvertently and unintentionally under way.

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