| Dec 19, 2011 10:59AM If you have a few seconds, go to Google and do a search on "Let it snow." There's even a "defrost" button. I am sure that many originators wish that there was a defrost button for the FHA Anti-Flipping rule . The clock is about to run out (12/31) on the HUD temporary waiver of requirements of the FHA regulation 24 CFR 203.37a (b)(2) FHA Anti-Flipping rule. HUD has not issued an extension of the property flipping waiver and so lenders have shut down on lending for FHA flips. This may be extended,... Dec 19, 2011 11:04AM Another shoe dropped last week as the Nevada attorney general brought suit against Lender Processing Services , DOCX, LPS Default Solutions and other LPS subsidiaries for engaging in deceptive practices against Nevada consumers. The lawsuit includes allegations of widespread document execution fraud, deceptive statements on the part of LPS about efforts to correct document fraud, misrepresentation about its fees and services and "evidence of an overall press for speed and volume that prevented the...
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