LOS Firms Report Rapid Growth
Two providers of loan origination systems have reported significant recent growth, with the increase in business at one of the firms attributed to its early adoption of features for Federal Housing Administration-insured loans. A third firm reported that 15,000 users have adopted its latest technology, while several others touted their LOS enhancements.

Reverse Lender Facing Loss of FHA Approval
A reverse mortgage lender in Hawaii faces the loss of its Federal Housing Administration approval over allegations it failed to meet FHA quality control requirements, didn't provide reverse mortgage prospects with adequate disclosures and confused borrowers by promoting annuities alongside its reverse programs. It's at least the third time the company has faced regulatory actions.

Legislation to Extend Loan Limits Passes
Mortgage bankers praised Congress for extending higher loan limits that were set to expire.

Obama Seeks Extension for Higher Loan Limits
The Barack Obama administration is pressing Congress to continue the temporarily higher loan limits that are set to expire.

FHA Servicer Training Goes Online
Servicers that are approved to service loans insured by the Federal Housing Administration can now go online to learn about a range of servicing subjects.

Firm Touts 560 FICOs on FHA Loans
A Florida firm claims it can fund mortgages insured by the Federal Housing Administration with FICO scores as low as 560.

FHA Council Formed
A group of executives from some of the biggest U.S. mortgage lenders are part of a new council that is addressing how to ensure the continued viability of the Federal Housing Administration program.

Complying With FHA
Whether it is the Federal Housing Administration's new appraisal requirements, the FHA TOTAL Scorecard or FHA's systems -- several service providers promise to help lenders remain plugged in and compliant.