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Kadasinghanahalli Joins Mortgage Guaranty Insurance Corporation

Appraisal Buzz

MGIC Investment Corporation’s principal subsidiary Mortgage Guaranty Insurance Corporation (MGIC) has announced that Sri Kadasinghanahalli joined the company on October 18, 2021 as Vice President of Systems Development.

Insurance 195
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Ready or not, CRA modernization is at the door

Housing Wire

The Office of the Comptroller of the Currency , the Federal Deposit Insurance Corporation and the Federal Reserve , which together proposed the changes to the CRA, so far have not suggested that any changes be made to how the law is applied to merger and other applications related to acquisitions and expansions.

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HUD, White House announce new initiatives designed to boost housing supply

Housing Wire

Department of Housing and Urban Development (HUD) on Thursday unveiled a series of new policies that are designed to boost housing supply and affordability across the country, according to HUD and White House officials. The new extension is estimated to create 38,000 additional units over 10 years, according to administration officials.

Design 404
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HUD makes sweeping changes to its disaster recovery program

Housing Wire

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. In addition, Sen.

Insurance 334
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House votes to increase HUD budget by $12.6B

Housing Wire

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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FHA to “reassess” Catalyst appraisal tech solution

Housing Wire

The Federal Housing Administration on Thursday said it would pause the mandatory effective date for its electronic appraisal delivery module because it is “reassessing aspects of [its] development and implementation.”. Then, in September of 2021 , leaders at the FHA said lenders would have to make the switch to FHA Catalyst by March 14, 2022.

Appraisal 358
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The fate of HUD

Housing Wire

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. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

Insurance 332