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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. This undermines Ginnie Mae’s ability to run a market-driven program.” This recommendation is based on two other ideas.

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Kadasinghanahalli Joins Mortgage Guaranty Insurance Corporation

Appraisal Buzz

MGIC Investment Corporation’s principal subsidiary Mortgage Guaranty Insurance Corporation (MGIC) has announced that Sri Kadasinghanahalli joined the company on October 18, 2021 as Vice President of Systems Development. The post Kadasinghanahalli Joins Mortgage Guaranty Insurance Corporation appeared first on Appraisal Buzz.

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Ready or not, CRA modernization is at the door

Housing Wire

The Office of the Comptroller of the Currency , the Federal Deposit Insurance Corporation and the Federal Reserve , which together proposed the changes to the CRA, so far have not suggested that any changes be made to how the law is applied to merger and other applications related to acquisitions and expansions.

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HUD watchdog makes 35 recommendations to shore up issues

Housing Wire

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) on Tuesday released its priority open recommendations report, submitted to HUD Secretary Marcia Fudge designed to highlight as-yet unaddressed risks in the management of the department.

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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. ICON, an Austin based firm, has developed a 3D printed wall system.

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HUD publishes dozens of proposed rules in spring agenda

Housing Wire

Department of Housing and Urban Development (HUD) has over 50 proposed rules in the pipeline in its section of the federal government’s 2023 spring regulatory agenda, released last week by the White House. An initial notice on this proposal is expected this month.

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OCC moves to rescind 2020 version of CRA rule

Housing Wire

Instead, the agency is proposing to replace the federal anti-redlining rule with rules adopted jointly by the OCC, Federal Deposit Insurance Corporation , and the Board of Governors of the Federal Reserve System in 1995. The agency is soliciting public commentary, due by Oct.