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Mortgage lending could be halted by flood insurance program’s expiration, experts warn

Housing Wire

Five days remain in the currently authorized National Flood Insurance Program (NFIP). 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. John Kennedy (R-Louisiana) stated. “If

Insurance 424
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Why mortgage lending standards will ease in 2021

Housing Wire

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. The post Why mortgage lending standards will ease in 2021 appeared first on HousingWire. Such a scenario illustrates the growing disparities in the U.S. housing market.

Lending 545
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Could online mortgage lenders reduce discrimination against Black homebuyers?

Housing Wire

The roots of racial disparities in housing and mortgage markets run deep. Historic government institutionalized discrimination includes actions like “redlining,” where the Federal Housing Administration would refuse to insure mortgages in and around Black neighborhoods. Justice Department charges of fair-lending violations.

Mortgage 498
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How the Basel Endgame could impact the mortgage market 

Housing Wire

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. To understand the context, U.S.

Mortgage 317
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Josh Harley to speak at HousingWire Annual Oct. 3-5

Housing Wire

The mortgage and real estate industries are quickly adapting to technological advances in order to keep up with consumer demands and the changing markets. Harley founded Fathom Realty in 2010, and the company has since expanded to Fathom Holdings.

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Accurate Group acquires eMerge Property Solutions

Housing Wire

The company claims on its website that the total value of homes it has appraised is over $517 billion since 2010. Also, its total value of transactions closed and recorded since 2010 is over $436 billion. The acquired company will operate as a standalone division.

Valuation 344
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Ginnie Mae digs in on 250% MSR risk weight for nonbanks

Housing Wire

Ginnie Mae is not budging on its proposal to put a 250% risk weight on gross mortgage servicing rights. Excess mortgage servicing rights would be excluded from the net worth calculation. Mortgage servicing rights are vulnerable to high-volatility market conditions, Ginnie Mae said, and MSRs also pose a valuation and liquidity risk.