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FHA institutes new payment supplement partial claim

Housing Wire

Gordon also announced that the FHA is extending the current temporary waterfall into 2025. According to the mortgagee letter, the COVID-19 recovery options will be available through April 30, 2025. Since March 2020, lenders and servicers have provided borrowers with nearly 1.9 million COVID-19 loss-mitigation actions.

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Republicans look to codify tri-merge credit model into law

Housing Wire

This is according to an official log of the proposed bill, designated as House Resolution (HR) 7857 and which Fitzgerald is calling the “Accurate Credit Reporting for Homebuyers Act.” A bill codifying the tri-merge system would conceivably halt that process, but Congress is very narrowly divided.

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Top mega team joins The Real Brokerage

Housing Wire

Although it is based in North Carolina, PREMIERE Group operates in 38 markets across 20 states, and it has a goal of being in all 50 states by the end of 2025, according to the release. The teamerage was previously brokered at eXp Realty. The Real Brokerage currently has over 13,000 agents across all 50 states. million.

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Sean Faries: How Lenders Can Navigate Construction Lending Technology Options

Appraisal Buzz

This has led to the current boom in construction loan administration software designed to manage and simplify these complex products. We’re optimistic that rates will eventually come down maybe later this year or early 2025. But when it comes to construction lending technology, the options are as vast as they are unique.

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

Housing Wire

While Ginnie Mae did get a higher appropriation from Congress in the most recent legislation governing its budget authority, CHLA said that increasing the budget from $54 million to $67 million for fiscal year 2025 would help meet four key objectives.

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White House launches new initiative to reduce homelessness in major metros

Housing Wire

As metropolitan areas across the nation continue to grapple with challenges related to housing their homeless populations, the White House announced on Thursday the launch of a new initiative designed to address unsheltered homelessness.

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Change Lending keeps CDFI certification after agreement with US Treasury 

Housing Wire

The CDFI certification is a designation given by the Treasury Department CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing. Change is now in good standing with the CDFI Fund and its next planned certification review is not until 2025, the originator said. “We

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