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HUD declares FHA once again backing DACA mortgages

Housing Wire

Department of Housing and Urban Development declared Wednesday that the Federal Housing Administration will once again back mortgages for immigrants under the Deferred Action for Childhood Arrivals (DACA) program. HUD said DACA recipients who are legally permitted to work in the U.S. are not eligible for FHA-insured mortgages.” .”

Mortgage 546
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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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New FHA Eligibility for DACA Recipients!

On Q Financial

The Department of Housing and Urban Development announced on January 19, 2021, that the FHA would once again back mortgages for DACA recipients. Among other protections, DACA allows recipients to legally work in the U.S. are not eligible for FHA-insured mortgages.” History of FHA Loans for DACA Recipients.

Law 42
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3 Things You Should Know About Preliminary Title Reports

Zillow

The title company compiles the report from a search of county records to issue title insurance, and any liens against the property are listed as "exceptions" to a title policy. The legal description The legal description is everything you won't see in any real estate agent marketing or advertising.

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Appraisers: How to Spend Less Time on Email

Appraisal Today

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. Excerpts: Mortgage rate history stretches back nearly a century. 29 Beds | 18.5

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Welcoming All Colors of the Rainbow to Homeownership

Will Springer Realtor

In 2006, the Legislature added sexual orientation and gender identity to the list of protected classes for a range of areas from employment, real estate transactions and insurance coverage. The portion of American adults who identify as LGBTQ+ is 7.2%, double the figure since 2012. Washington, where 5.2% Gen Z and 11.2%