The US Department of Housing and Urban Development (HUD) exclusively answered Foreclosurepedia’s question about raising Mortgagee Letter pricing due to fuel pricing effects from the Ukraine invasion as you will read later. National Association of Mortgage Field Services (NAMFS) members, whom have have allowed three dollar inspections to flourish throughout the Mortgage Field Services Industry, have continued their hard line regime stance. And as Russia has finally invaded Ukraine, there will be no short term pricing drop in gasoline here in the US. The reality is that NAMFS Executive Director, Eric Miller, has doubled down on the costs of food, clothing, shelter, transportation, and inflation. Miller, whose salary according to IRS documents exclusively obtained by Foreclosurepedia is over $138,000 a year with multiple previous years seeing $10,000 a year raises.
Here is what a Senior HUD Official had to say with respect to any ML pricing increases due to the Ukraine invasion,
There has been no mention of it at this point to my knowledge. However, it would likely depend on how long the conflict contributes to the rise in gas prices, and how long they remain inflated. I think the whole world is nervously waiting and watching at this point, for reasons beyond just the gas impact. If it does prove to be a longer term impact, I will ensure that the question is at least raised to the appropriate decision makers.
And while the reality is that there are no immediate plans to raise ML pricing, we are cautiously optimistic on the final sentence in which we were advised the question would be raised if the time comes. With respect to the anticipated prolonged and bloody Ukrainian conflict, which we have predicted for years, that question may be soon front and center.
