Housing Wire

APRIL 25, 2024

Older adults and people with disabilities are often prone to financial distress, and they may require more resources to better understand their circumstances and options, according to a new report from the Government Accountability Office (GAO). Among a series of 24 examples of federal financial literacy programs for these groups, the U.S.

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Housing Wire

JULY 14, 2023

The National Association of Mortgage Brokers (NAMB) announced this week that it supports new federal regulatory proposals governing the use of automated valuation models (AVMs) in determining property values for mortgage originators and secondary market issuers.

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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. Davidson added that he has “a hard time” agreeing that “more government interference in single-family housing is the answer.” Department of Veterans Affairs (VA),” the memorandum stated.

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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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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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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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Housing Wire

JANUARY 5, 2021

Conventional loans aren’t insured by the government but are backed by private lenders. That said, because conventional loans aren’t guaranteed by the government, they are usually harder to qualify for. These insured loans are a type of federal assistance and require as little as a 3.5% For example: Typical down payments.

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Housing Wire

DECEMBER 14, 2023

The Federal Communications Commission (FCC) — the government regulatory body overseeing communications across a wide variety of media including radio, telephone cable and the internet — adopted a new series of rules on Wednesday designed to crack down on controversial lead generation methods, including “robocalling” and “robo-texting.”

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Housing Wire

JANUARY 5, 2022

But rather than adhering to the program, some mortgage servicers of FHA-insured loans allegedly sent borrowers notices that fail to mention the relief options, requiring paperwork and imposing qualifications that are not necessary under the FHA’s guidelines. FHA required mortgage servicers to implement the program by Oct.

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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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Housing Wire

MAY 9, 2022

For the first 30 days, a foreclosed property listed for sale can only be bid on by owner-occupant buyers, approved nonprofits, and government entities, the FHA announced last week. Typically, FHA-insured foreclosed properties are snatched up by large investors and turned into rental properties.

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Housing Wire

JUNE 21, 2023

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. Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry.

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Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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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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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 National Association of Mortgage Brokers (NAMB) said it supports new federal regulatory proposals governing the use of AVMs.

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Housing Wire

JUNE 7, 2023

A group of Democratic lawmakers in the United States Senate have introduced a bill designed to assist low-income renters with their security deposit payments. It’s time the federal government get off the sidelines and work to combat America’s housing crisis.” Martin Heinrich (D-N.M.). I’m excited to work with Sen.

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Housing Wire

MAY 27, 2022

The CFPB, a government watchdog agency, said lenders aren’t absolved from adverse action notice requirements under the Equal Credit Opportunity Act if they use complex algorithms, which Rohit Chopra, the director of the CFPB, has dubbed “black-box models.”. The requirement also applies to mortgage lenders, legal experts say.

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Housing Wire

FEBRUARY 22, 2022

Lenders are left to their own devices to design the programs, based on guidelines from the CFPB, and hope they get it right. Special purpose credit programs, Uejio said, are “also a recognition that government alone cannot solve this problem.”. Yet mortgage lenders are still reluctant to implement the targeted lending programs.

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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. government.

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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. Potter added: “Government lending would come to a halt. In both instances, FHA and VA borrowers might see their up-front home-buying expenses increase if they have to shoulder agent’s commissions.

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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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Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents.

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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. For a borrower with tarnished credit and thus unable to get conventional financing, an FHA-insured mortgage is the go-to choice. Many have called for reductions.

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Appraisal Buzz

MAY 31, 2021

The term “redlining” comes from the development by the New Deal by the federal government of maps of every major metropolitan area in the country. These color codes were designed to indicate where it was safe to insure mortgages. These color codes were designed to indicate where it was safe to insure mortgages.

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Housing Wire

MARCH 31, 2021

Biden wants homes upgraded through “block grants” – annual sums awarded by the federal government to a state or local body to help fund a specific problem – and through extending and expanding home and commercial efficiency tax credits. How servicers can stay ahead of Biden’s potential regulatory changes.

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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. Stick to the plan.

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Housing Wire

DECEMBER 7, 2020

However, as the campaign transitions to the Biden-Harris administration, the incoming team needs to address significant operational and design challenges before such a tax credit is sufficiently ripe for consideration by a narrowly divided Congress. Instead of letting the fee expire on Oct.

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Miller Samuel

MARCH 19, 2019

The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry.

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Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. insurance companies, including home and auto providers. Register for the FinLedger Daily Newsletter.

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Housing Wire

NOVEMBER 9, 2020

The FHFA reported the government sponsored entities expect e-mortgage purchases to increase in 2021. Prior to the pandemic, ALTA and MBA saw a need to develop model RON legislation. Its estimated that e-mortgages will represent 5% of total GSE volume by the end of the year.

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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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Housing Wire

DECEMBER 8, 2023

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction. Deluxe: Required 90 hrs of coursework.

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Assurance Financial

MAY 18, 2022

Several government loan programs exist to help buyers take one step closer to the American dream of homeownership. Department of Housing and Urban Development (HUD). It guarantees or insures the FHA loan program. FHA loans don’t come directly from the government. The mortgage insurance comes in two parts.

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Eppraisal

JUNE 6, 2023

Designed to make homeownership more accessible, FHA loans provide an array of benefits for first-time buyers and individuals with limited financial resources. At its core, an FHA loan is a mortgage insured by the Federal Housing Administration, a branch of the U.S. Department of Housing and Urban Development (HUD).

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Will Springer Realtor

OCTOBER 17, 2023

There are programs established by state and local governments that provide buyers – mostly first-timers – with assistance to make a down payment or meet closing costs. Down payment assistance covers aid from federal, state, county or local government agencies, non-profits and employers. Not exactly. Wait till next year!)

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Assurance Financial

JULY 20, 2023

These loans are backed by the government and are designed to help make homeownership more affordable and accessible to a wider range of people. There are two government-backed home loan options that do not require a down payment — a USDA loan and a VA loan. A VA loan is designed to help current and former members of the U.S.

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Realvals

JUNE 18, 2023

It’s not uncommon for property owners, insurance companies, or tax authorities to have contrasting opinions on the value of a property. Government Acquisition of Private Property When the government needs to acquire private property for public use, they may use something called eminent domain.

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