Housing Wire

NOVEMBER 16, 2021

From rapid technological advancements employed by real estate agents to innovations surrounding ways consumers can view housing information, the market has continued to adapt and evolve to better serve American consumers. Change is inevitable, and there is arguably no industry more prone to change than American real estate.

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Housing Wire

APRIL 25, 2023

The BorrowSmart Access can also be used with Freddie Mac’s 3% downpayment product , as well as other borrower assistance programs, like closing assistance. Kaul brings to the role at Rocket more than 13 years of experience in the mortgage servicing space, mortgage finance system and housing finance reform.

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Housing Wire

AUGUST 11, 2020

Shockingly, the gap is wider than it was in 1968, when the federal government first outlawed racially based housing discrimination. For a hard-working family, it can take years to save for a down payment. And any setback — such as the coronavirus crisis — can return them to square one.

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Housing Wire

MARCH 5, 2024

Additionally, servicers often find the process financially unviable due to inadequate compensation, prompting calls for regulatory reform. As servicers look to meet this rapidly growing demand, they can tap into ancillary revenue streams through mortgage assumptions beyond the origination fee.

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Housing Wire

DECEMBER 9, 2020

Mnuchin , have raised a $124 billion claim against the federal government, essentially arguing that the FHFA, which was created in the wake of the 2008 housing crash, acted illegally when it took several actions to prevent Fannie and Freddie from collapsing. .” The plaintiffs in the case, Collins v.

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Housing Wire

DECEMBER 24, 2021

There is a lot of excitement, the MBA said, but the trade association estimates it will be several months before lenders can operationalize the programs. I’m quite sure [the GSEs] would be open to lenders saying, ‘Can we try this in this market and see how it works,’” Broeksmit said. That will be a gradual process.

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Housing Wire

JULY 6, 2023

Clearly, not all these homes can be returned to the market in a cost-effective way, or face other obstacles, such as their location in higher-crime or deteriorating neighborhoods, according to Keith Lind, CEO of Acra Lending. “Not housing affordability.” fix-and-flippers] who are willing to sell to a first-time buyer,” he said.

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Inventory Renovations Real Estate Government 451

Housing Wire

MAY 3, 2021

Should the FHFA be appointed receiver for the government-sponsored entities under the Housing and Economic Recovery act of 2008 (HERA), the so-called “living wills” would facilitate a “rapid and orderly resolution” from conservatorship, the agency said Monday. government.

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Housing Wire

OCTOBER 24, 2022

Racine filed the lawsuit against the companies in 2020, which accused the group of denying housing to low-income applicants using Section 8 vouchers and of imposing illegal fees and requirements for applicants with government housing vouchers. Why now is the time for property managers to invest in smart home tech.

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Housing Wire

SEPTEMBER 8, 2022

Part of our housing dilemma is this: How can you make something affordable when you promote it as someone’s best investment? Since many people think of housing as a wealth creator — and we want more Americans to have more wealth — then the government needs to make sure demand stays high enough for that wealth product to grow.

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Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. While these metrics are an advantage to existing homeowners who can capitalize on home appreciation, it presents a challenge for new homebuyers trying to enter the market.

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Housing Wire

JANUARY 18, 2023

A small decrease from where we’re at today can be a really nice way to offset some of the affordability concerns with mortgage rates going up,” Brown said. “A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said.

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Housing Wire

JANUARY 20, 2021

Though the pandemic is causing pain throughout the housing sector, it also creates an opportunity to enact common-sense industry reforms that address the root causes of the affordable housing crisis that has beset the market for over a decade — even amid a period of strong economic expansion. Reform zoning laws. As the U.S.

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Housing Wire

FEBRUARY 25, 2022

The final rule makes credit risk transfers more economical for the government sponsored enterprises. Instead of opining on the fixed prescribed leverage buffer, commenters wrote to the FHFA about a number of other “important topics,” like loan-level pricing adjustments, guarantee fees and housing finance reform.

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Housing Wire

MARCH 12, 2021

But things changed for the financial services industry after the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which added the “abusive” category and put it under the regulation of the CFPB. The post CFPB reverses course on UDAAP enforcement appeared first on HousingWire.

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Housing Wire

DECEMBER 30, 2021

The event is exclusively for HW+ members, and you can go here to register. If that happens, Toohig said, it will provide a “natural boost for private-label securitization” — which is the private-sector secondary market that issues and sells securities without government guarantees. There’s non-QM, or can you go to that Jumbo 2.0

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Housing Wire

MARCH 29, 2024

Federal Home Loan Bank reform is in the air in Washington D.C. And the Coalition for Federal Home Loan Bank Reform , a group that I chair and started as a small group of D.C. in government subsidies. insiders, has become a true coalition of nine national organizations representing hundreds of thousands of Americans.

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Housing Wire

NOVEMBER 28, 2023

However, zoning laws today can still result in the segregation of communities by affluence. Launch a government-funded affordable housing awareness campaign Home equity is the primary source of wealth for most Americans. Homes with ADUs can be a perfect option for multigenerational families to pool their money to purchase a home.

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Housing Wire

APRIL 8, 2024

After those government-supported mortgages terminate due to maturity or prepayment, the owners can, and many do, convert their multifamily properties to market-rate rents, or sell them to new owners that are not committed to providing housing that is affordable to struggling low-income rural tenants.

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Housing Wire

JANUARY 24, 2023

Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices. But nothing is risk-free.”

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Genworth MI Blog

MAY 28, 2020

With all these myths busted, we can explore why manufactured housing represents a worthy opportunity in tackling some of the current housing availability and affordability challenges. In 2008, Congress passed the Housing and Economic Reform Act. can work at night). A Duty to Serve. Manufactured Housing Construction Advantages.

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DataMaster

MARCH 17, 2021

Because of the public outcry over perceived racial prejudice by appraisers, government and appraiser leadership prepared to take action. These reforms also aim to eliminate explicit biases among appraisers. If you haven’t read the exposure draft yet, or need to brush-up on it before responding to it, you can read it here: [link].

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Appraisal Inspection Law Property Appraisal 141

Genworth MI Blog

MAY 28, 2020

With all these myths busted, we can explore why manufactured housing represents a worthy opportunity in tackling some of the current housing availability and affordability challenges. In 2008, Congress passed the Housing and Economic Reform Act. can work at night). A Duty to Serve. Manufactured Housing Construction Advantages.

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Construction Loan Officers Training Lending 78

DataMaster

MARCH 17, 2021

Because of the public outcry over perceived racial prejudice by appraisers, government and appraiser leadership prepared to take action. These reforms also aim to eliminate explicit biases among appraisers. This increased public attention culminated in 2020-2021. Effective March 17, 2021, new regulations enacted by Governor Andrew M.

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Appraisal Inspection Law Property Appraisal 78

DataMaster

MARCH 17, 2021

Because of the public outcry over perceived racial prejudice by appraisers, government and appraiser leadership prepared to take action. These reforms also aim to eliminate explicit biases among appraisers. If you haven’t read the exposure draft yet, or need to brush-up on it before responding to it, you can read it here: [link].

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Appraisal Inspection Law Property Appraisal 78

Housing Wire

APRIL 20, 2022

However, regulating government-sponsored enterprises (GSEs) as public utilities is not without its detractors. Markets can be efficient on their own when there are no barriers to entry or gains from scale. Defaults can occur years after origination and depend in part on external factors. Final Thoughts on GSE Reform.

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AmeriMac

MARCH 15, 2024

The HVCC laid the foundation for subsequent regulatory changes, including the incorporation of similar appraiser guidelines into the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Truth in Lending Act. These guidelines aimed to address concerns about inflated property valuations and the influence of lenders on appraisers.

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Housing Wire

AUGUST 29, 2022

CPI changes also typically lag real-time changes in housing costs , so we can expect shelter to loom large in future CPI calculations even if rent growth may be slowing down, as some have suggested. Bush, concurs, saying that high inflation can be attributed to the country’s “structural shortfall” when it comes to housing.

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Housing Wire

MAY 19, 2021

“ Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” —?Benjamin From an economic perspective, the government acted boldly to support households and businesses through the crisis with monetary and fiscal stimulus.

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Housing Market Marketing Real Estate Government 482

Housing Wire

JULY 19, 2021

The government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac , along with the Federal Home Loan Banks , are critical pieces of our housing finance system. More importantly, it should now be clear to all how many difficult policy choices are involved in housing finance reform. Make friends with the people who can help. .

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Finance Investors Mortgage Investing 398

AmeriMac

SEPTEMBER 1, 2021

In 2009, Freddie Mac and Fannie Mae, government housing lending institutions, the Federal Housing Finance Agency (FHFA) and the New York Attorney General got together to create the Home Valuation Code of Conduct (HVCC). None of the key parties can select the appraiser—including the loan officer, mortgage broker, or homeowner.

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Appraisal Valuation Law Lending 36

Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. In fact, real estate professionals are accountable to the exact same type of state government licensing requirements and regulatory frameworks that appraisers are.

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Housing Wire

DECEMBER 2, 2021

Perhaps we can look at that as an opportunity to create a soft-landing spot for some of those individuals,” Guidici said. Some of them [the TPR firms] may have better technology, which may mean the work is more efficient, and they can handle more loans per reviewer,” Slump said. Part I can be read here and part II here.

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Housing Wire

JULY 18, 2023

Building more housing is imperative, and federal and local governments can help by reforming zoning and making the building process easier. This shortage can be explained by the popularity of this type of homes during the pandemic. Buyers of that home type had 33% fewer houses to choose from.

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Housing Wire

JUNE 28, 2021

Appraisal management companies, or AMCs, quietly exploded following the lender reforms that came amid the Great Recession. Appraisers decry them as counterproductive, even exploitative middlemen, while lenders offer a pat on the back for keeping them one step ahead of government auditors. Then, I was making $200 to $250.”.

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Housing Wire

APRIL 12, 2021

Women at all levels of the housing finance industry have an opportunity to continue to shape our landscape during this pivotal time, and I’m humbled to think of the role I can play – as head of Home Lending at Wells Fargo and chair-elect of the Mortgage Bankers Association – in the years ahead.

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Mortgage Business Lending Finance 441

Housing Wire

FEBRUARY 15, 2022

government, insurance companies and financial institutions as well as asset-backed security issuances and transactions in the private-label residential mortgage-backed securities (MBS) sector. The sectors highlighted in the rating-agencies report include securities issued by corporations, the U.S.

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