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CHLA: Here’s how to modernize ‘short-changed’ Ginnie Mae

Housing Wire

Its plan takes aim at liquidity, budget authority, pay scales and other potential flexibilities to more closely align with the value it brings to the government and the broader mortgage market. Finally, flexibilities afforded to other federal agencies should be extended to Ginnie Mae to enable quicker hiring and contract procurement.

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Change Lending and US Treasury settle lawsuit over CDFI certification

Housing Wire

Department of the Treasury have agreed to settle a lawsuit in which the lender claims “flawed analysis and mathematical errors” led to its decertification as a Community Development Financial Institution (CDFI). Change sued the CDFI Fund in late August, complaining about the Fund’s analysis.

Lending 323
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Texas Capital Bank shoots back at Ginnie Mae over dismissal motion

Housing Wire

The case stems from Ginnie Mae’s extinguishment of Reverse Mortgage Funding (RMF) from its reverse mortgage-backed securities program. But Ginnie Mae has never sought to contract with TCB itself regarding TCB’s transactions with RMF.” Ginnie Mae accordingly implored TCB to lend money to RMF.

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Change Lending keeps CDFI certification after agreement with US Treasury 

Housing Wire

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI).

Lending 350
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Fairway Mortgage to partner with Milwaukee Brewers

Housing Wire

Wisconsin-based Fairway Independent Mortgage Corp. One of Fairway’s electronic signs at the stadium reads “Home.com, by Fairway Independent Mortgage Corporation.” Headquartered in Madison, Wisconsin, Fairway is a full-service mortgage lender with more than 400 branches nationwide. The company funded $65.8

Mortgage 271
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Stavvy’s CTO on moving a whole industry to digital

Housing Wire

SW: How do you decide what you want to develop next? Our recent acquisition of assets from Evolve mortgage, SigniaDocuments, include its SMART Doc engine and whole set of docs for mortgage, including HELOCs. We expect things to pick up this year, but certainly 2025 should be a great year so ’24 is that bridge year.

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Eastside Residential Market Sees Big Gains in Sales, Prices

Will Springer Realtor

For housing and mortgage professionals, however, these apparent highlights are persistent nuisances. New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. The national economy is growing.