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Panorama Mortgage Group launches 1% down payment loan program

Housing Wire

Our 1st Gen loan program is a game-changer, designed to bridge the gap and pave the way for underserved communities to build generational wealth through homeownership.” Founded in 2007 in Las Vegas , Panorama originated from Alterra Home Loans , which carved out a niche by catering to first-time Hispanic homebuyers.

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Fairway makes new reverse mortgage investments, rejoins NRMLA

Housing Wire

Fairway Independent Mortgage Corporation announced on Tuesday a series of reverse mortgage maneuvers designed to increase the company’s investment in the space. The division’s leadership team will now also include Dan Ventura, who has served at Fairway since 2007 and last year was appointed as VP of reverse mortgage operations.

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Hours before its IPO fizzled, Guild Mortgage agreed to pay $25M to settle federal lawsuit

Housing Wire

Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance. As this settlement demonstrates, we are committed to holding mortgage lenders accountable when they choose to abuse the integrity of vital government programs that are designed to assist homeownership,” U.S.

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Opinion: CRA for IMBs won’t work as advertised

Housing Wire

During the past decade, as CRA-regulated banks withdrew from home mortgage lending, IMBs stepped up to become the dominant source of mortgage loans, doing a much better job than banks of lending to underserved borrowers [See CHLA’s 2021 IMB Report ]. CRA for IMBs is a solution in search of a problem. So what could have an impact?

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Housing Market Tracker: Inventory falls even lower

Housing Wire

In 2007, when sales were down big, total active listings peaked at over 4 million. Today, even though sales are trending at 2007 levels, we are at 980,000 total active listings, per the last existing home sales. Even though the market stress has decreased lately, the assumption is that credit will only get tighter as the year grows.

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How new analytics can help lenders expand access to mortgage credit

Housing Wire

So while consumers with high FICO Scores drove the record number of mortgages, the lower Mortgage Credit Availability Index shows the emergence of a pattern seen during prior times of economic uncertainty: lending standards are tightening with higher score cut-offs at the lower end of the credit scale.

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Fannie Mae Changes 2018

Robinson Appraisal Group

This form has been a requirement since 2009 as a tool to establish the increase, decrease or stabilization of markets in the aftermath of the housing crisis occurring between 2007 – 2010 due to sub prime lending practices. So what is the 1004MC form?

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