Mortgage Loans Expert Witnesses & SFHGLP

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Mortgage loans expert witnesses may opine on variable rate mortgages, reverse mortgages, and conventional mortgages, as well as related topics. Here, loan expert Tammye Trevifio, Administrator, Housing and Community Facilities Programs, writes on:

Single Family Housing Guaranteed Loan Program Funding Notice
Many of you may be aware of recent legislation in which Congress provided USDA with authority to resume operating the Single Family Housing Guaranteed Loan Program (SFHGLP) at no cost to taxpayers. This was done through a combination of authority to: increase the upfront fee up to 3.5 percent of the principal obligation; charge a new annual fee of up to 0.5 percent of the outstanding principal balance; and waive payment of any fees for low and very low income borrowers up to a certain amount of loan guarantees.

Read more: mortgagenewsdaily.com.