Housing Wire

MARCH 17, 2023

Future development projects will follow this collaborative approach with our clients and strategic partners. The firm’s automated underwriting tech is designed to augment human underwriters’ capabilities, allowing underwriters to handle more loans. In August 2021, Candor raised $12.5

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Mortgage Clients Technology Development 311

Housing Wire

FEBRUARY 29, 2024

Department of Housing and Urban Development (HUD) and the White House announced plans to extend the Federal Financing Bank (FFB) risk-sharing program, two prominent housing associations shared their differing perspectives on the move. In a series of policy announcements designed to address housing supply and affordability, HUD, the U.S.

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Insurance Finance Design Construction 287

Housing Wire

MARCH 15, 2023

Department of Housing and Urban Development (HUD) on Wednesday announced a sweeping overhaul of the agency’s disaster recovery efforts to improve the response for communities impacted by climate change. billion in Community Development Block Grant-Disaster Recovery (CDBG-DR) funds. In addition, Sen. Cindy Hyde-Smith (R-Miss.)

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Insurance Development Modernization Design 334

Housing Wire

APRIL 9, 2024

In late 2021, Congress renewed a 10-basis point tax on Fannie Mae and Freddie Mac loans for another decade — not based on loan risk, but to pay for non-housing spending. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers.

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Sellers Realty Insurance Realtors 425

Housing Wire

JANUARY 5, 2022

But rather than adhering to the program, some mortgage servicers of FHA-insured loans allegedly sent borrowers notices that fail to mention the relief options, requiring paperwork and imposing qualifications that are not necessary under the FHA’s guidelines. FHA required mortgage servicers to implement the program by Oct.

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Mortgage Insurance Design Government 464

Housing Wire

NOVEMBER 21, 2022

Northern Virginia and Maryland (DMV) area, Baltimore, Fairfield County Connecticut and Seattle, title insurance companies are now required by law to file reports identifying individuals who made all-cash real estate purchases exceeding $300,000 through shell companies in the Texas cities of Houston and Laredo.

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Real Estate Law Development Design 352

Housing Wire

MAY 14, 2024

In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers.

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Sellers Realty Insurance Realtors 295

Housing Wire

JUNE 15, 2023

General audit The HUD OIG initiated the audit since the COVID-era loss mitigation programs “were new and created a risk for both borrowers and the FHA insurance fund when servicers do not properly provide loss mitigation,” the general report said. Nearly half of the borrowers did not receive the correct loss mitigation assistance.”

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Insurance Design Development Mortgage 327

Housing Wire

MAY 9, 2022

Typically, FHA-insured foreclosed properties are snatched up by large investors and turned into rental properties. In September 2021, the Department of Housing and Urban Development , said that it hopes to ensure that at least 50% of these properties will be purchased by governmental entities, non-profits, and owner-occupant buyers.

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Investors Insurance Buyers Contracts 393

Housing Wire

FEBRUARY 22, 2022

Lenders are left to their own devices to design the programs, based on guidelines from the CFPB, and hope they get it right. In December 2021, HUD resolved long standing questions about whether special purpose programs would violate the fair housing act. CFPB officials have also since made public statements in support of the programs.

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Lending Development Finance Law 299

Housing Wire

FEBRUARY 23, 2022

The government watchdog is concerned that automated valuation models may reflect bias in design and function. Firms that develop automated valuation models have argued they might help to eradicate appraisal bias. How the CFPB will address the two latter points remains to be seen. CFPB Director Rohit Chopra disagrees. “It

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Valuation Law Finance Development 357

Housing Wire

JUNE 6, 2022

In a letter to the FHA , Sharon Whitaker, vice president of the ABA, said the 40-year loan modification will help borrowers retain their homes after default and help mitigate losses to FHA’s Mutual Mortgage Insurance Fund. But it’s not just a benefit to borrowers.

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Insurance Mortgage Realtors Housing Market 413

Housing Wire

MARCH 2, 2022

The serious delinquency rate in the Federal Housing Administration loan portfolio is now far less than its pandemic peak, and the Department of Housing and Urban Development said sustained improvement will factor in to whether it adjusts mortgage insurance premiums. In March 2021, HUD Sec. year-over-year in December 2021.

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Housing Wire

MARCH 14, 2022

trillion in existing home sales in 2021. in which title insurance companies are required by law to file reports identifying individuals who made all-cash real estate purchases exceeding $300,000 through shell companies. In 2021, foreign homebuyers, defined as non-U.S. There are currently only 12 metropolitan areas in the U.S.

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Real Estate Insurance Law Real Estate Agent 396

Housing Wire

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

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Insurance Investors Design Finance 276

Housing Wire

OCTOBER 25, 2023

For that reason, Treasury is committed to developing a solution to increase the transparency in the domestic real estate market.” real estate market in December 2021. The all-cash purchase threshold will remain $300,000 for all GTOs, with the exception of the city and county of Baltimore, which has a purchase threshold of $50,000.

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Real Estate Law Design Development 349

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? They can be, in essence, the “boots on the ground” for investors and developers alike. Right now, we’re generally seeing more mixed-use developments and multifaceted commercial projects.

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Brokerage Real Estate Investors Development 361

Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents.

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Real Estate Real Estate Agent Mortgage Agents 443

Housing Wire

MAY 27, 2022

The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. In October 2021, a multi-agency effort to combat redlining was announced between the CFPB, the Department of Justice and the Office of the Comptroller of the Currency. Presented by: Mortgage Coach.

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Law Legal Valuation Government 411

Housing Wire

SEPTEMBER 24, 2021

The raft of legislation designed to spur first-time homeownership in America seems to grow by the minute. The legislation, dubbed the “Low-income First Time Homebuyer (LIFT) Act,” would create a program through the Department of Housing and Urban Development that would sponsor low fixed-rate 20-year mortgages.

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Mortgage Development Design Insurance 493

Housing Wire

JULY 22, 2022

House of Representatives voted this week to give the Department of Housing and Urban Development an 18% increase in funding for information technology. The Transportation, Housing and Urban Development appropriations bill , which was lumped in with five other bills, would set aside $73 billion in gross appropriations for the department.

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Modernization Transportation Development Landlords 353

Housing Wire

OCTOBER 5, 2023

“…These [rated offerings] can start to bring in investors like insurance companies, money managers with mutual funds that have ratings constraints, investment banks … [and more], which will provide better financing on rated bonds.” billion, according to offering documents. It appears that securitization market has arrived.

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Housing Market Marketing Contracts Finance 374

Housing Wire

JUNE 3, 2022

The Office of the Comptroller of the Currency formally rescinded its plan in December of 2021. Federal Reserve second-in-command Lael Brainard, acting head of the OCC Michael Hsu, together with Martin Gruenberg, chair of the Federal Deposit Insurance Corporation , explained the thinking behind their nearly 700-page proposal.

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Law Lending Legal Design 268

The Robert Weiler Company

JULY 6, 2021

Research : Also coined in the industry as “flex,” flex space is utilized for research and development to design new products. Just as there are two sides of a spectrum in residential real estate with new development and house flippers, characteristic types exist similarly in industrial space for rent.

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Logistics Tenants Real Estate Modernization 147

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. To 2021 and beyond.

Insurance 367

Insurance Real Estate Technology Loan Officers 367

Housing Wire

JULY 7, 2021

Terms of the deal were not disclosed, but statements from Mr. Cooper company leadership detailed that the transaction will not have a significant impact on its second quarter 2021 results. The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing.

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Mortgage Property Taxes Insurance Business 381

Housing Wire

MARCH 10, 2022

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. 18, 2021, while Freddie Mac had 7,284 at the end of January. A solution presents itself.

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Finance Development Training Government 347

Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. For a borrower with tarnished credit and thus unable to get conventional financing, an FHA-insured mortgage is the go-to choice. Many have called for reductions.

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Insurance Modernization Lending Mortgage 332

Housing Wire

OCTOBER 12, 2022

A record number of title insurance professionals gathered on Coronado Island, just a few miles from downtown San Diego, at the Hotel del Coronado for the American Land Title Association ’s annual ALTA One conference on Wednesday. As a large agency owner in Michigan we are having to manage this every single day, every single month.”.

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Real Estate Real Estate Agent Agents Law 327

Housing Wire

FEBRUARY 15, 2022

The report focuses on the nine rating agencies that as of year-end 2021 were registered with the SEC as “nationally recognized statistical rating organizations,” or NRSROs. The report includes an analysis of essential-findings trends from examinations conducted between 2016 and 2021. Case Examples.

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Law Mortgage Marketing Design 316

Housing Wire

MARCH 31, 2021

Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI). Combined with measures designed to stop offshoring of profits, the White House said the tax hike would fund the entire plan within 15 years. How servicers can stay ahead of Biden’s potential regulatory changes.

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Transportation Construction Investing Law 545

Cleveland Appraisal Blog

OCTOBER 29, 2021

Therefore, for each sale, we must develop a reliable opinion of the value of its land. Therefore, an appraiser needs to have access to reliable replacement and/or reproduction cost data and be able to develop a supportable opinion of the value of the land. We’ve just developed the total economic life for one of the sales.

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Appraisal Development Finance Lending 365

Housing Wire

SEPTEMBER 16, 2021

MBA’s National Delinquency Survey (NDS) data for the second quarter of 2021 showed a sharp decline in the mortgage delinquency rate to 5.47%. by the end of 2021, and likely dropping below 4% by the end of 2022. As shown in Exhibit 1, the delinquency rate tends to be highly correlated with the unemployment rate over time.

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Mortgage Inventory Investors Design 474

Housing Wire

FEBRUARY 8, 2022

million homeowners became delinquent and entered forbearance between March 2020 and November 2021, the end of the fiscal year. Department of Housing and Urban Development approved housing counseling agencies to do more effective outreach to some of the harder-to-reach borrowers. Who’s afraid of the CFPB?

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Law Mortgage Legal Finance 339

Lamacchia Realty

OCTOBER 6, 2021

However, the general rule of thumb is that it needs to be replaced in 60 days to obtain home insurance. No home insurance, no mortgage. Getting Insurance for a Home with Knob and Tube Wiring. Obtaining insurance for a home with knob and tube wiring comes with a specific set of requirements. April 8, 2021.

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Insurance Inspection Buyers Modernization 72

Housing Wire

DECEMBER 7, 2020

However, as the campaign transitions to the Biden-Harris administration, the incoming team needs to address significant operational and design challenges before such a tax credit is sufficiently ripe for consideration by a narrowly divided Congress. Instead of letting the fee expire on Oct. Conclusions.

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Law Government Finance Mortgage 481

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA).

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Reconsideration of Value Appraisal Real Estate Insurance 73