Housing Wire

JANUARY 29, 2021

Over the past six months, mergers and acquisitions, huge financing rounds and public offerings have dominated headlines across the real estate and housing finance sector. This level of action is keeping finance executives like Jeremy Collett , Executive Director, Capital Markets at Guaranteed Rate busier than ever.

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Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S.

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Housing Wire

MAY 14, 2024

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem.

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Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. There are hundreds of companies that help with various parts of the transaction and process “supply chain,” from search and valuation to closing, from appraisal to title, from targeting to closing.

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Housing Wire

OCTOBER 20, 2021

Less than one month after launching operations , the private holding group StoicLane – the backers of Interfirst Mortgage – has acquired control of the appraisal management company Lender’s Valuation Services (LVS). ” How do remote valuation solutions benefit appraisers? Presented by: Incenter.

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Housing Wire

DECEMBER 14, 2021

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. It’s unclear whether the inclusion of references to race in appraisal reports reveals bias in the valuation process or introduces it.

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Housing Wire

SEPTEMBER 12, 2023

Broeksmit also touched on agency-focused policy work, citing the cancelation of a controversial Federal Housing Finance Agency (FHFA) policy that would have imposed a controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income (DTI) ratios. MBA is also keeping an eye on a developing case before the U.S.

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Valuation Review

SEPTEMBER 20, 2021

CRED iQ, a data, analytics and valuation platform serving the commercial real estate finance and investment communities, recently launched its interactive valuation tool MyQ.

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Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. SW: How is Class Valuation leveraging AI? How is Class Valuation rising to that challenge?

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Housing Wire

DECEMBER 6, 2021

The new appraiser valued the home at $1.482 million – 49% more than Miller’s valuation. The complaint does not delve into why AMC Links is also being sued besides a sentence stating that the firm failed to review Miller’s valuation to ensure that it met the Appraisal Foundation ’s published standards and was not influenced by race.

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Housing Wire

NOVEMBER 11, 2021

In September, Biden’s administration also called on state and local governments to “reduce zoning and financing barriers to these kinds of housing – housing that allows families to achieve homeownership and build wealth.”. How Freddie Mac is addressing affordable housing challenges. Presented by: Freddie Mac.

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Housing Wire

MARCH 17, 2022

This important development demonstrates just one way that blockchains will provide significant improvements that streamline the mortgage lending space,” Wallace said. DART, a combined lien and eNote registry system developed by Figure, is used in place of the existing MERS (Mortgage Electronic Registration System) database.

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Housing Wire

FEBRUARY 6, 2023

The deal gave the combined company a valuation of $16.1 billion and injected $925 million into UWM to develop new technology and grow the broker channel. UWM originated $128 billion in 2022, per Inside Mortgage Finance estimates. According to its latest earnings report, the lender delivered a profit of $325.6

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Clear Capital

NOVEMBER 29, 2022

Today, we’re thrilled to announce the launch of Interactive ClearAVM (automated valuation model). ClearAVM is an AI-based, investment-grade AVM that produces reliable, highly-accurate market value predictions and uses machine learning to deliver property valuations on more than 139 million addresses across the United States.

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Appraisal Buzz

DECEMBER 30, 2021

a national brokerage known for its real estate valuation technology and , today announced Greg Straughn has joined the company as Chief Financial Officer. Straughn is a veteran technology industry finance executive with more than 30 years of experience driving growth and strategic development. HouseCanary Inc.,

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Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. How hybrid title and valuations help increase lending efficiency. Developers, lenders or local governments could compete for the funds through an application process.

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Housing Wire

OCTOBER 2, 2020

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. It originated about $36 billion in mortgages during the first half of the year, according to Inside Mortgage Finance.

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Housing Wire

NOVEMBER 6, 2023

While AI is being used in marketing, underwriting, property valuations and fraud detection, AI is only beginning to be incorporated into servicing, according to interview findings. In terms of adopters, government-sponsored enterprises (GSEs), large mortgage lenders and fintech firms have used AI.

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Housing Wire

NOVEMBER 17, 2022

The residential appraisal space has been rocked by increased federal scrutiny over the past two years, with several agencies studying whether appraisers let racial bias change their valuations. In late October, the Federal Housing Finance Agency released 47 million appraisal reports to the public for the first time.

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Housing Wire

OCTOBER 30, 2023

The Federal Housing Finance Agency (FHFA) failed to adequately document desktop appraisal reports, which clouds data on the effectiveness of the desktop appraisal program, according to a report published by the FHFA Office of the Inspector General (OIG). 18, 2021, and March 31, 2023.

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Housing Wire

MAY 24, 2022

In March 2022 , the Federal Housing Finance Agency (FHFA) made hybrid appraisals a permanent fixture. Meanwhile, the Department of Housing and Urban Development (HUD) recently extended its timeline for allowing desktop appraisals for certain transactions impacted by the pandemic. The policy now expires on December 31, 2022.

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Housing Wire

AUGUST 25, 2021

Fortunately, MISMO , the real estate finance industry’s standards organization , is here to help market participants navigate any uptick in PLS activity from a data perspective. Without such standards, there will be a substantial bottleneck as each transaction will require 100 percent due diligence and manual processes. .

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Housing Wire

MAY 27, 2022

The government watchdog in February also announced a potential clamp down on the use of automated valuation models by lenders and appraisers. The CFPB said it is concerned automated valuation models may reflect bias in design and function.

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Housing Wire

SEPTEMBER 28, 2023

In parallel, ICE plans to develop its own PPE to provide additional options to lenders and partners, ultimately lowering the cost for the consumer. “We Under the agreement between the FTC and the two mortgage tech providers, ICE completed the sale of Black Knight’s Optimal Blue and Empower in September.

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Housing Wire

JUNE 8, 2022

The Federal Housing Finance Agency (FHFA), under the leadership of Director Sandra Thompson, on Wednesday unveiled landmark equitable housing finance plans for Fannie Mae and Freddie Mac. A September 2021 request for input ahead of the equitable housing finance plans indicated the FHFA would implement the plans by January 1, 2022.

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Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate.

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AmeriMac

NOVEMBER 15, 2023

ACE + PDR stands for Affordable Conventional Enhanced + PDR, which provides financing options for affordable housing properties with rent restrictions and other affordability requirements. If you are a lender or a borrower, you might be familiar with the valuation options available through Freddie Mac. How does ACE + PDR Function?

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Appraisal Buzz

DECEMBER 27, 2021

The Federal Housing Finance Agency is making desktop appraisals an established option for originating enterprise loans. Pump-and-dump property financing could also become an issue. Thus, the FHFA will likely have to develop a set of best practices in the coming years to prevent these snags and protect you and lenders.

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Housing Wire

MARCH 8, 2024

Yellen told lawmakers that bank regulators are working to address risks tied to rising vacancy rates and lower valuations for office buildings in major cities. The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.”

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Housing Wire

OCTOBER 14, 2022

His work focuses on helping Freddie Mac develop its economic outlook, including forecasts of trends in the economy and housing markets. He has a background in management, finance and economics, and holds an MBA from the University of California, Irvine. Len Kiefer : (@lenkiefer) Len Kiefer is the deputy chief economist at Freddie Mac.

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Cleveland Appraisal Blog

NOVEMBER 14, 2022

Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. Setting Yourself Up for Success in Real Estate Development. Perhaps the most important trait for a commercial real estate developer is the ability to identify an ideal piece of land. Image by Unsplash. Network to get funding.

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Housing Wire

JANUARY 12, 2022

Dodd takes over a business that defines itself as “providing information intelligence to identify and manage growth opportunities, improve business performance, and manage risk” in “real estate, mortgage finance, insurance, the capital markets, or public sector.”.

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Housing Wire

JANUARY 13, 2022

Quicken Loans passed the value along to the appraisal company, which changed the home’s valuation from $122,500 to $125,500, the couple claimed. According to the lawsuit, the Aligs, for example, estimated their home was worth $129,000, and provided the information to Quicken Loans.

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Housing Wire

APRIL 4, 2023

In the latest development, the U.S. ICE and Black Knight also amended their deal terms to reduce the valuation of Black Knight to $11.8 billion last month, about 11% lower than the valuation when the agreement was announced last year. Federal Trade Commission sued ICE to block the deal last month.

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Appraiserblogs

APRIL 10, 2023

The article titled “FHFA Data Fueling Looks into Appraisal Bias” was in the Inside Mortgage Finance Publications e-newsletter on 4/06/23. The Federal Housing Finance Agency is a is a critical provider of the data necessary for oversight, enforcement and research, FHFA Director Sandra Thompson noted during a discussion in late March.

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Housing Wire

DECEMBER 8, 2023

Department of Housing and Urban Development (HUD) believes housing has a role to play in combating the opioid overdose epidemic. On Friday, HUD issued a joint letter co-written with the U.S. Housing can help fight the epidemic that killed an estimated 70,601 people in 2021, according to the National Institutes of Health (NIH), HUD said.

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Housing Wire

DECEMBER 23, 2022

The Federal Housing Finance Agency (FHFA) isn’t doing all that it can to prevent appraisal bias, according to the agency’s Office of Inspector General. Department of Housing and Urban Development (HUD), but did not take further action. The OIG found that the FHFA in 2022 made 17 referrals and provided 25.6

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