Housing Wire
MAY 17, 2024
Chase Home Lending , the consumer and commercial banking arm of JPMorgan Chase & Co. , The guarantee means that the bank promises an on-time closing on or before the contract closing date, or it will pay the homebuyer $20,000. Dimon wrote. This overlap creates difficulties, not only for banks, but for the regulators, too.
Housing Wire
JANUARY 27, 2022
The lawsuit alleges that, between 2010 and 2018, Wells Fargo failed to detect errors in its automated system to determine whether consumers in default would be eligible for loan modifications with Fannie Mae or Freddie Mac , or under the U.S. The benefit distribute date is currently scheduled to occur on March 15.
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Appraisal Buzz
APRIL 15, 2024
UAD originated in 2010 and since then we appraisers are accustomed to using codes like “C4,” “N;Res,” and “1200sf0sfin” in our mortgage appraisal reports to communicate the results of our analysis. Reports in the new standard, will be dynamic, expanding and contracting, based on the scope of work for that appraisal assignment.
Housing Wire
OCTOBER 1, 2022
Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. Another reason why distressed sales are likely low, is that lending standards remain tight. In comparison, in 2011, homes took 96 days to sell. .
Housing Wire
SEPTEMBER 22, 2021
In 2019, the share of gig workers in companies jumped 15% compared to 2010, according to data from the ADP Research Institute. BD: First and foremost, the biggest pain point for brokers is finding lenders that offer mortgage solutions outside of the conventional lending box.
Housing Wire
OCTOBER 16, 2023
Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount.
Housing Wire
SEPTEMBER 25, 2023
If it is not reauthorized by Congress before that date, the mortgage industry could see consequences, including ceding control of certain land use policies and the cessation of some mortgage lending. The authority to provide new flood insurance contracts will expire,” the CRS report said. The borrowing authority of NFIP from the U.S.
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