Housing Wire

AUGUST 15, 2023

Non-QM lender Acra Lending is projecting mortgage originations will increase in 2023 to about $2.6 The consolidation in the non-QM lending space, which has allowed Acra to expand its market share. “So, They’re not doing the lending that they were, and I think that is a tailwind for us. billion, up from $2.1

Business 314

Business Lending Investors Finance 314

Housing Wire

AUGUST 26, 2021

The most salient Ginnie Mae responsibility is managing the government guarantee of mortgage-backed securities (MBS) that lenders issue to fund their origination of Federal Housing Administration (FHA), Veteran Affairs (VA), and Rural Development insured mortgages. Ginnie Mae currently oversees guarantees totaling around $2.1

Government 402

Government Lending Investors Finance 402

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. Competition favors institutional investors and households with higher incomes and stellar credit. Committing non-bank lending institutions. of GDP in 2020.

Insurance 367

Insurance Construction Government Lending 367

Housing Wire

APRIL 8, 2022

In June 2021, the Supreme Court of the United States ruled that President Joe Biden had the authority to oust the head of the Federal Housing Finance Agency (or FHFA), which oversees the government-sponsored enterprises (or GSEs) Fannie Mae and Freddie Mac. So far, it appears the Biden administration understands this. If the U.S.

Government 488

Government Lending Finance Housing Market 488

Housing Wire

OCTOBER 23, 2020

Guild agreed to settle the federal lawsuit, brought by the Department of Justice , for just under $25 million, the government said Thursday. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance. It did not admit to any wrongdoing. It would have raised approximately $153 million.

Mortgage 481

Mortgage Government Retail Lending 481

Housing Wire

MARCH 13, 2023

Its consumer deposits have an average account size of less than $200,000, compared to the standard insurance amount by the Federal Deposit Insurance Corporation of $250,000. Investors fearing withdrawal requests may pressure these banks’ balance sheets – as happened at SVB and Signature – are selling their stocks.

Mortgage 346

Mortgage Marketing Insurance Real Estate 346

Housing Wire

JULY 27, 2021

Unlike lenders or servicers for Fannie Mae and Freddie Mac , Ginnie Mae issuers are responsible for passing along payments to investors after borrower equity, federal agency and mortgage insurance resources are exhausted. If those issuers fail, Ginnie Mae is ultimately responsible for making those investor payments.

Insurance 423

Insurance Finance Government Mortgage 423

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.

Law 411

Law Legal Valuation Government 411

Housing Wire

MAY 25, 2022

She previously was the supervision chief at the Federal Deposit Insurance Corporation. Thompson also has taken a number of actions to address the racial homeownership gap and fulfill the government sponsored enterprises’ statutory duty to serve underserved mortgage markets. In September 2021, the U.S.

Finance 420

Finance Insurance Lending Investors 420

Housing Wire

JUNE 9, 2021

Bank CRA obligations cover far more than their mortgage lending. IMBs have expanded because of the warehouse lending and short-term credit provided them by the nation’s depositories and because they can sell their loans into the government-guaranteed agency secondary market ( Ginnie Mae , Fannie Mae , Freddie Mac ).

Lending 424

Lending Development Government Finance 424

Housing Wire

MARCH 3, 2022

Homeowners with mortgages from Fannie Mae , Freddie Mac , or government agencies such as the Federal Housing Administration (FHA) suffering a financial hardship could defer payments up to 18 months. Rocket was the number three issuer of Ginnie Mae-insured mortgages in February, originating $3.5 So, it may start to come down.

Insurance 353

Insurance Finance Government Mortgage 353

Housing Wire

MARCH 29, 2022

The federal government was for redlining before it was against it, instituting color-coded maps of fast-changing metropolises for the better part of the 20th Century. And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it.

Lending 351

Lending Government Law Mortgage 351

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The result is higher costs, lower productivity, unmeasured quality, and systemic exposure as government monopolies take most of the risk and make most of the money.

Real Estate 324

Real Estate Supply Chain Architecture Brokerage 324

Housing Wire

FEBRUARY 27, 2024

In the early 20th century, Black Americans faced significant barriers to homeownership, including racial segregation, discriminatory lending practices, and exclusionary covenants that prevented them from buying homes in certain neighborhoods. Today, homeownership among Black Americans still lags significantly behind other demographics.

Real Estate 393

Real Estate Investors Business Lending 393

Housing Wire

SEPTEMBER 6, 2023

Investor expectations will change, and government entities will attempt to coordinate their response. Audience assets will be valued based on transaction volumes and bundles of listings, lending, loan sales and servicing and trading content. Lenders will align with marketing and services partners to gain pricing power.

Supply Chain 362

Supply Chain Real Estate Technology Mortgage 362

Housing Wire

JANUARY 12, 2022

In fact, FHFA’s new fee structure for government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac is expected to largely offset the effects of other recent policy changes that were projected to be a drag on the secondary market in 2022, according to Dashiell Robinson, president of Mill Valley, California-based Redwood Trust.

Marketing 387

Marketing Government Construction Mortgage 387

Housing Wire

DECEMBER 2, 2021

Lenders can certainly make any loan product from Fannie Mae or Freddie Mac, or for that matter any government-insured loan product, available to their borrowers. If the industry doesn’t step up its new borrower outreach efforts, it could appear to government regulators that the industry isn’t taking the President’s mandate seriously.

Real Estate 432

Real Estate Government Business Real Estate Agent 432

Housing Wire

DECEMBER 30, 2020

The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship and more. A fragmented regulatory regime that includes the federal government, states, Fannie Mae , Freddie Mac and Ginnie Mae is not conducive the achieving those outcomes. They sell all of their loans to investors.

Government 295

Government Lending Mortgage Insurance 295

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. So, we’re going after more government and conventional loans,” Busch said. Targeting jumbos made sense for Busch as he is based in Washington, D.C., from June 2022.

Insurance 316

Insurance Mortgage Clients Lending 316

Housing Wire

MARCH 23, 2022

The wholesale lender is preparing to launch two non-qualified mortgage products this year, including bank statement and investor cash flow loans. In March, the lender announced a bank statement product for self-employed borrowers and loans for real estate investors. million. . .”

Marketing 299

Marketing Investors Real Estate Insurance 299

Housing Wire

MAY 2, 2024

Volatility in the Treasury market, which trades at a shifting spread below that of mortgage rates, also translates into uncertainty among housing market investors. Market observers say this normally leads to investor hesitancy and a tendency to keep more money parked on the sidelines.

Marketing 363

Marketing Mortgage Investors Sellers 363

Housing Wire

APRIL 26, 2023

Government insurers and guarantors adapted to offer new options to borrowers like forbearance, partial claim/payment deferrals and extended-term modifications. Real-time data means systems can respond to real-time policymaking without ever missing consumer and investor requirements or any compliance details.

Insurance 299

Insurance Mortgage Government Investors 299

Appraisal Buzz

SEPTEMBER 26, 2022

Governments have begun to address the housing issue by upzoning single-family homes. Other incentives are more federal support, clearer construction lending terms and fewer local regulations. Remove Condo Lending Restrictions. Another concern is defect litigation can increase the cost of insurance. Try Upzoning.

Construction 195

Construction Supply Chain Buyers Retail 195

Eppraisal

NOVEMBER 28, 2023

Mortgage lending is about trade-offs, so expect compromises when you make yourself a riskier borrower for lenders. Conventional Mortgages Conventional mortgages are home loans not insured by the federal government. Lenders can easily resell these loans to investors on secondary markets and get them off their books.

Finance 69

Finance Government Insurance Property Taxes 69

Eppraisal

APRIL 21, 2023

Not only do we fear losing deposits, we also worry about the effect of failure on lending, credit and their costs. At such a juncture, the federal government will close a nationally chartered bank or a state government will shut down one holding a state charter. What Happens when a Bank Fails? Banks are more than depositories.

Lending 28

Lending Housing Market Marketing Real Estate 28

Housing Wire

DECEMBER 7, 2020

While there is some overlap with state agency data, FHA mortgage lending has become increasingly reliant on DPA as well. At slightly less than a quarter, gifts from eligible family members were the largest source of DPA, followed by a government source at 15%, which supported more than 126,000 families.

Law 481

Law Government Finance Mortgage 481

McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. Non-lending appraisal courses. Who staffs these types of jobs?

Appraisal 74

Appraisal Training Lending Land Management 74

Housing Wire

JANUARY 11, 2024

In Europe, with GDPR, they’re pretty far ahead of us, but our government is catching up really fast. Here are some of the highlights from those interviews on the important topics they’re thinking about. ” What should we be paying attention to that we’re not? John Ashley, PRMG CIO and CISO: “Privacy is a huge area.

Technology 377

Technology Contracts Business Appraisal 377

Housing Wire

DECEMBER 20, 2021

A $250 monthly child tax credit from the federal government for each child also helps the household. Governments and servicers were both quick to launch forbearance programs for over seven million mortgage borrowers during the pandemic, realizing the historic challenge borne out of the Covid-19 pandemic. . But will end in December.

Mortgage 319

Mortgage Government Contracts Insurance 319

Assurance Financial

NOVEMBER 28, 2023

Repayment: You make monthly payments on the loan , which typically include principal, interest, taxes and insurance. Four main components — principal, interest, taxes and insurance (PITI) — go into the makeup of your mortgage payments, and additional fees may be included as well. Insurance Does a mortgage payment include insurance?

Mortgage 69

Mortgage Property Taxes Insurance HOA 69

Housing Wire

FEBRUARY 8, 2022

Servicers, lenders and investors dealt with a tsunami of 7.7 Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. of the U.S. population. An army of door-knockers.

Law 341

Law Mortgage Legal Finance 341

Realvals

JUNE 18, 2023

The LTV is a percentage that represents the amount of money to lend compared to the value of the home. Investment Analysis Whether you are a single-family, multi-family, or even commercial investor, you could benefit from an appraisal. Typically, the government will notify you of their intent to acquire your property.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

Housing Wire

FEBRUARY 15, 2022

The SEC report offers a portrait of the regulatory process ongoing behind the scenes in the rating-agency world, which is a key to maintaining transparency for investors and issuers across a range of markets. The large NRSROs, according to the SEC report, are Fitch Ratings , Moody’s Investor Service and S&P Global Ratings.

Law 318

Law Mortgage Marketing Design 318

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

Renovations 278

Renovations Investing Real Estate Marketing 278

Miller Samuel

FEBRUARY 12, 2019

Miller said that real estate investors should stop trying to perfectly time the market (both with rate and supply vs. demand). Perfect timing is a concept that was born out of the housing bubble, he said, when investors viewed housing as a highly liquid stock, instead of in its proper context.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Assurance Financial

JUNE 15, 2023

Fannie Mae and Freddie Mac are two government-sponsored entities (GSEs) that play a significant role in the United States housing market by providing liquidity to the mortgage market. Freddie Mac works with a network of lenders across the country to purchase conventional mortgages and package them into securities that are sold to investors.

Government 36

Government Housing Market Mortgage Investors 36

PennyMac

SEPTEMBER 9, 2020

Conventional loans, the most common mortgage type, require Private Mortgage Insurance (PMI) with a down payment of less than 20%. An FHA home loan is a mortgage insured by the Federal Housing Administration. FHA loans typically have more flexible lending guidelines than other investors. Conventional Fixed-Rate Mortgages.

Insurance 36

Insurance Buyers Mortgage Human Resources 36