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

Housing Wire

The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans. CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

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Going to Extremes

Appraisal Buzz

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. In some markets, the answer is increasingly yes.

HOA 370
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Opinion: Reformed FHA program will offer lenders new business opportunities

Housing Wire

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. The result is that safe and affordable financing is out of reach for tens of thousands of credit-ready homebuyers looking to purchase a manufactured home. Yet help might be on the way.

Business 396
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HUD makes sweeping changes to its disaster recovery program

Housing Wire

These initiatives follow a December 2022 request for information by HUD, in which the Department asked for ways to simplify, modernize, and more equitably distribute disaster recovery funds in the form of CDBG grants related to disaster recovery (CDBG-DR) and mitigation (CDBG-MIT). In addition, Sen. Cindy Hyde-Smith (R-Miss.)

Insurance 335
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The fate of HUD

Housing Wire

As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality. Part of its effort to modernize its outdated technology systems, the FHA Catalyst program, hit a snag last year. By comparison, private mortgage insurance cancels at a 78% loan-to-value ratio. “If

Insurance 334
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How 2020 raised the stakes for the mortgage industry

Housing Wire

More than that, the fintechs that flooded in brought with them a promise to modernize the mortgage industry with data-rich, cloud-enabled and digitally secure workflows. It would require coordination and cooperation with government and the transformation of processes and systems within industry giants.

Mortgage 314
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Race and the Property Valuation Industry

Appraisal Buzz

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. Government Segregated America. an income gap of 60%). Well, there’s an issue. Citations: 1.

Valuation 370