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Homebot home education portal acquires mobile app firm Quo Finance 

Housing Wire

Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. million in seed funding, led by SignalFire in December 2021 to develop the mobile app. Quo raised $7.2

Finance 350
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). The mortgage loan officer handling the loan? There is administrative time involved, as well as legal factors. Was it the borrower?

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Inside the government’s feeble fight to end redlining

Housing Wire

And in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec. Housing and Urban Development Secretary Marcia Fudge. Yes, regulators are legally obliged to assess CRA adherence. Marcia Fudge, called attention to the continued practice of redlining. “We Who watches the watchmen?

Lending 368
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The fate of HUD

Housing Wire

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. Those borrowers would otherwise face steep loan-level price adjustments for conventional financing. Premium product. ” Building blocks, stumbling blocks.

Insurance 364