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FHA increases manufactured home loan limits in affordable housing push

Housing Wire

The Federal Housing Administration (FHA) announced on Monday that it has raised lending limits for its Title I Manufactured Home Loan Program , a move designed to align the FHA with market forces and to encourage more lenders to participate in the program as the Biden administration makes a renewed push on affordable housing.

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What happens when borrowers have more control of the lending process?

Housing Wire

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. The smart contract presents the borrower’s lending request to the exchange.

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3 ways to help borrowers navigate choices as ‘exotic’ loans make a comeback

Housing Wire

As borrowers reel from the sticker shock of conventional mortgages , lenders could see a surge of demand for alternative lending products, such as adjustable-rate mortgages (ARMs), for the first time since the financial crisis. Avoid the dreaded info dump, where lending products display on an endless scroll with intimidating blocks of text.

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Opinion: how to close the minority homeownership gap

Housing Wire

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. Fannie Mae and Freddie Mac have been under government conservatorship since the beginning of 2008.

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In wake of scandal, LOs say continuing education programs get failing grade?

Housing Wire

Per regulations put into place by the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (“SAFE Act”) and enforced by the Nationwide Mortgage Licensing System and Registry , every loan officer must spend an average of eight hours on an annual basis to recertify their national license.

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Bridging the gaps in the home buying process

Housing Wire

During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view. Regulators were suddenly curious about what exactly the industry contributed to a real estate transaction.

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The Full Measure with Kevin Hecht: Economic Recap May 2023

McKissock

Housing starts In April, home construction saw a marginal rise as developers grapple with a tough housing market. With the 30-year mortgage rate nearing 7%, developers are exercising caution, but it appears that single-family construction has hit a temporary bottom. Get tips and insights in this article. Written by Kevin Hecht.