Housing Wire

JUNE 30, 2023

The goal of the increase is to “enable a greater number of transactions to use standard underwriting processes when submitted for FHA Multifamily insurance,” the agency said. Anything we can do to prudently alleviate extra steps in obtaining FHA insurance will help all of us meet the housing supply challenges before us.”

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Housing Wire

MAY 15, 2024

The plan makes four key recommendations, one of which is the development of a new liquidity facility for Ginnie Mae issuers that would “facilitate servicer advances/pool buyouts,” the plan explained. CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

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Modernization Government Contracts Insurance 322

Housing Wire

OCTOBER 16, 2023

The White House on Monday announced a series of new initiatives designed to boost U.S. HUD will also continue to work on updates for its 203(k) Rehabilitation Mortgage Insurance Program. homeownership, alongside data detailing housing aid that has been provided since 2021. Tribes, the launch of a new pilot program at the U.S.

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Design Insurance Construction Development 450

Housing Wire

JUNE 1, 2023

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” And the design and development of the models and algorithms can reflect the biases and blind spots of the developers.”

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Valuation Design Law Real Estate 351

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. Shortly after the U.S. The FFB risk-sharing program has “closed or committed $4.9

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Insurance Finance Design Construction 288

Housing Wire

JANUARY 10, 2024

Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development. That also extends to internal educational development to inform more people at the bank about reverse mortgages, he said. “In

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Mortgage Lending Loan Officers Design 382

Housing Wire

MARCH 7, 2024

The White House also pointed out last year’s reduction to the mortgage insurance premium (MIP) for Federal Housing Administration (FHA) mortgages, which save “an estimated 850,000 homebuyers and homeowners an estimated $800 per year.” The NHC lauded the development. The White House estimates that this “will raise an additional $3.79

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Construction Renovations Insurance Landlords 528

Housing Wire

MARCH 8, 2024

“The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector. FDIC), banks held $2.78

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Real Estate Insurance Lending Retail 441

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 313

Housing Wire

APRIL 24, 2024

Almeida Realtor- Team Leader The American Dream Group Coldwell Banker Abhishek Shende Senior Principal Software Engineer Zillow Group Adi Pavlovic CEO Newzip Alnur Kassim-Lakha Director Mile Rock Capital Amy Macken Senior Vice President, Due Diligence Operations Consolidated Analytics Anaid Chacón Senior Vice President of Product Argyle Mortgage Arkadiusz (..)

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Real Estate Realty Realtors Project Management 423

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 335

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

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Tools Mortgage Finance Lending 351

Housing Wire

APRIL 29, 2024

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A Department of Housing and Urban Development (HUD)-approved counseling prior to closing the loan.

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Mortgage Property Taxes Design Insurance 371

Housing Wire

APRIL 12, 2024

But more broadly, since the Great Recession in 2008, there has been a greater implementation of standardized loss-mitigation measures designed to prevent a foreclosure crisis. Aside from taxes, property insurance costs have also risen, and coverage may even be difficult to find in some areas. foreclosure rate at 0.3%

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Property Taxes Insurance Mortgage Home Value 344

Housing Wire

MAY 19, 2023

The bill, 2023-H 6082Aaa (given additional letters in its designation to reflect that it has been amended), is part of a broader package of 14 bills sought by the speaker in an effort to address housing issues and spur additional production according to reporting at The Providence Journal.

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Construction Insurance Development Design 287

Housing Wire

JULY 14, 2023

The agencies involved included the Federal Housing Finance Agency ; the Consumer Financial Protection Bureau ; the National Credit Union Administration ; the Federal Deposit Insurance Corporation ; the U.S. And the design and development of the models and algorithms can reflect the biases and blind spots of the developers.”

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Government Valuation Development Appraisal 278

Housing Wire

MARCH 21, 2024

House of Representatives Subcommittee on Housing and Insurance hearing on Wednesday, members focused on the challenges faced by today’s homebuyers. The second piece is the Housing Unhoused Disabled Veterans Act, currently without a numerical designation and sponsored by Rep. Department of Veterans Affairs (VA),” the memorandum stated.

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Insurance Government Inventory Development 350

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. Potter added: “Government lending would come to a halt.

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Agents Sellers Buyers Finance 438

Housing Wire

JUNE 21, 2023

Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry. The Consumer Financial Protection Bureau (CFPB) has 11 different items in the pipeline in its section of the federal government’s 2023 spring regulatory agenda, released last week by the White House.

Valuation 294

Valuation Finance Legal Development 294

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 359

Housing Wire

MAY 26, 2022

A spokesperson from Department of Housing and Urban Development’s Office of Inspector General said that the loans funded were FHA-insured loans. She allegedly created phony prepaid debit card statements designed to serve as records of the borrowers withdrawing the monthly child support payments.

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Loan Officers Clients Design Insurance 404

Housing Wire

FEBRUARY 22, 2022

Federal finance and housing regulators today issued a statement to assure lenders they are on the same page when it comes to special purpose credit programs. Lenders are left to their own devices to design the programs, based on guidelines from the CFPB, and hope they get it right.

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Lending Development Finance Law 300

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 363

Housing Wire

AUGUST 2, 2021

More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Finance of America Reverse. Head of Product and Design. Mortgage Insurers. Executive Director, CDFI and Chief of Community Finance & Mobility.

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Insurance Lending Realty Finance 393

Housing Wire

AUGUST 22, 2023

On June 1 , six federal agencies requested comments from the public on a rule designed to ensure the credibility and integrity of models used in real estate valuations. the trade groups state. Department of the Treasury ; and the Federal Reserve System. When announcing the proposed rule, Vice President Kamala Harris weighed in.

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Valuation Appraisal Government Real Estate 356

Housing Wire

DECEMBER 1, 2022

Vice President of Insurance Products and Data Science. Finance of America. Finance of America Reverse. Vice President and Chief Design Officer. Senior Vice President of Application Development. Vice President of Finance Technology. Vice President of Software Development. Brett Brumley. Lender Toolkit.

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Technology Finance Development Valuation 288

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 375

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.

Insurance 278

Insurance Investors Design Finance 278

Housing Wire

MARCH 14, 2022

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. We urge stakeholders to provide input to assist us in developing an approach that enhances transparency while minimizing burden on business.”.

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Real Estate Insurance Law Real Estate Agent 397

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. The CFPB said it is concerned automated valuation models may reflect bias in design and function. Presented by: Mortgage Coach.

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Law Legal Valuation Government 411

Housing Wire

MAY 3, 2021

The Federal Housing Finance Agency (FHFA) finalized a rule on Monday that will require Fannie Mae and Freddie Mac to develop plans that would ensure upon their eventual exit from conservatorship, they won’t do any large scale harm to the financial system.

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Government Finance Development Design 361

Assurance Financial

JULY 20, 2023

Fortunately, 100% financing options are available for home loans that may allow you to purchase a home with no money down. If you are looking for a home loan with 100% financing, meaning a home loan that doesn’t require a down payment, we cover what you need to know. What Is a 100% Financing Home Loan?

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Finance Government Design Insurance 36

Housing Wire

MAY 12, 2021

Still, I’m encouraged to see companies using digital tools and platforms — or creating their own — to take little bites out of a gigantic industry, from streamlining financing and inspections, to centralizing communication, to optimizing budgets and reducing project delays. Creating transparency.

Construction 450

Construction Logistics Technology Real Estate 450

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. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement. Many have called for reductions.

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Insurance Modernization Lending Mortgage 334

Housing Wire

APRIL 16, 2024

Selden is referring to a clarification issued in a mortgagee letter by FHA Commissioner Julia Gordon in late 2022, noting that participants who have ”a direct impact on the mortgage approval decision are prohibited from having multiple roles or sources of compensation, either directly or indirectly, from a single FHA-insured transaction.”

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Real Estate Agent Loan Officers Real Estate Agents 403

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.

Appraisal 365

Appraisal Development Finance Lending 365

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. Fannie Mae had 7,400 full-time employees as of Dec.

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Finance Development Training Government 349