The wholesale lender, which focuses on underserved home buyers with subpar credit, will enter a housing market that has shown steady improvement during the last year.
The VA’s new home financing program has more than doubled since 2007, as there have been major campaigns in the housing market this year directed at veterans.
Financial markets have stopped their hysterics for now, so let’s get some other things straight, like mortgage and credit.
Despite recent efforts made by officials to ease uncertainties among lenders, the industry still has a lot to do before credit begins to expand.
MBA officials challenge regulators to put an end to the “relentless cycle of penalties.”
The FHFA director and HUD secretary spoke publicly today about clarifying buyback rules in a bid to ease credit.