FHA Loan Interest Rates April 2015 – A common misconception of the FHA loan program is that the FHA or HUD is responsible for setting interest rates on FHA guaranteed home loans. The FHA does place limits on certain fees, how closing costs and down payments are paid and by whom. The FHA does regulate (but does not set) interest rates in some cases.
CU RateReset is a CUSO owned by Mortgage Harmony (dba RateReset), PenFed, the Maryland DC League, Americas Credit Union and other credit union entities. Is it possible for a non-credit union to join CU RateReset?
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Prior to joining Mortgage Harmony in July 2013, Mr. Vohra was the CFO of Internet Broadcasting Corp. (IBC), an IPTV company targeting underserved consumers in the United States. He was responsible for IBC’s first outside capital raise and led its entire finance and accounting function.
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Rate Reset’s technology provides the mechanism to put our members in control of their mortgage. The Rate Reset Protection feature is consistent with our long-standing goal to provide products tailored for PenFed’s members and their families. This product empowers our members while also improving the overall member experience.
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