Silicon Valley Bank Failure. Good For The Mortgage Market? YES!

Silicon Valley Bank Failure. Good For The Mortgage Market? YES!

Silicon Valley Bank (SVB) is a financial institution that is widely known for its specialization in providing banking services to technology startups and venture capitalists. Founded in 1983, it has been instrumental in funding and supporting the growth of many successful technology companies. However, in the early 2000s, the bank experienced a major setback that…

What Stocks Are At A Discount Today?

What Stocks Are At A Discount Today?

The banking stocks are clearly at a discount. Just be careful on what ones you purchase. Make sure you do your diligence when investing in any stocks. Bank stocks are a popular choice for investors looking to invest in the financial sector. While bank stocks can be a reliable investment for those seeking long-term growth…

FHA Announces Establishment of the 40-Year Loan Modification Loss

FHA Announces Establishment of the 40-Year Loan Modification Loss

Establishes the 40-year standalone Loan Modification into FHA’s COVID-19 Loss Mitigation policies. The provisions of this ML may be implemented immediately but must be implemented no later than May 8, 2023. Agency Guides / FHA Single Family / Mortgagee Letters – 2023 / ML 2023-06: Establishment of the 40-Year Loan Modification Loss Mitigation Option (03/08/23)