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Review of MMI Fund’s reverse mortgage book sheds light on evolving HECM

Housing Wire

Approximately 65% of loans endorsed in Fiscal Year 2009 had an MCA of less than or equal to $300,000, and this percentage increased to approximately 72% by Fiscal Year 2012,” the report stated. As the principal limit has been increasing, the percentage of endorsements with an MCA over $417,000 has increased steadily since 2012.”

Mortgage 328
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Former Fannie Mae chief named as CEO of Silicon Valley Bank N.A.

Housing Wire

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , After being promoted to CEO in 2012, Mayopoulos returned Fannie Mae to profitability, delivering more than $167 billion in dividends to the U.S.

Insurance 355
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Fannie Mae and NAR at odds over flood-risk disclosures

Housing Wire

housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program. But Fannie Mae , the government-sponsored entity that backstops a significant portion of the country’s mortgages, does not seek an exception to the 1974 Federal Privacy Act. Two of the most powerful U.S.

Insurance 340
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Blend reaches unicorn status with $75 million Series F raise

Housing Wire

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception. trillion U.S.

Investing 485
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FHA gets a budget boost to stem staff shortages. Is it enough?

Housing Wire

The Federal Housing Administration (FHA), within the department of Housing and Urban Development , provides mortgage financing for borrowers the conventional market doesn’t serve, yet it has been understaffed for over a decade. Nearly two-thirds of career staff are nearing retirement age, which could deepen an institutional brain drain.

Finance 347
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Appraisers: How to Spend Less Time on Email

Appraisal Today

Only check email twice a day, at designated times. NOTE: Please scroll down to read the other topics in this long blog post on mortgage rates history, declining prices on high end homes, bias, unusual homes, mortgage origination stats, etc. =. Mortgage Rate History: Check Out These Charts. 29 Beds | 18.5

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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

“That’s a triple whammy hitting potential homebuyers,” notes Len Kiefer, deputy chief economist at Freddie Mac, which buys many of our mortgage loans from lenders. People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. The new fees will take effect on April 1. “As

Buyers 36