Lykken On Lending

On today's broadcast, Andy Schell of MBS will be discussing The Federal Housing Finance Agency's recently proposal of new minimum financial requirements for nonbank mortgage sellers and servicers.  Andy will be explaining how the impact of how under FHFA’s new proposal, all seller and servicers are required to have a minimum net worth base of $2.5 million plus 25 basis points of the total unpaid principal balance for the loans each nonbank services.  This is a MUST LISTEN to broadcast for anyone working for a nonbank mortgage lender.  Here's a link to a recent article on this topic... http://www.housingwire.com/articles/32789-fhfa-announces-new-financial-rules-for-nonbanks Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLATIVE UPDATE, Paul Muolo of IMFnews.com giving a quick MTG NEWS HEADLINES update, Andy Sch