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Change Lending loses CDFI certification

Housing Wire

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. Change Lending was removed from the CDFI Fund’s list of certified program lenders last week, the outlet reported.

Lending 370
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. A $175 million investment from private holding company StoicLane in October would be used to grow operations and refine and develop new technologies. 375% below the market.”

Mortgage 365
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How JVM Lending plans to expand without any loan originators

Housing Wire

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We would feed them leads, but they came back to us because they didn’t know how to structure the full document deals,” Jay Voorhees, co-founder at JVM Lending, said in an interview with HousingWire.

Lending 390
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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). This initiative was subsequently reaffirmed in the issuance of VA Circular 26-17-18 in July 2017. Humans, including appraisers, don’t like change.

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Appraisers: What should you have in your car?

Appraisal Today

Architect Adam Dayem designed the unique 2,500-square-foot residence, which was completed in 2017 after several years of construction. Excerpts: One in 20 American homes don’t meet the standard of “a suitable living environment,” as defined by the Department for Housing and Urban Development (HUD). 2,500 sq.ft., percent from 5.94

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Opinion: FHFA language requirements may shake up compliance landscape

Housing Wire

With the change of Federal administrations in 2021, it didn’t take long for the Consumer Financial Protection Bureau (CFPB) to signal that it would prefer to see more LEP services made available, particularly in the mortgage servicing and lending sectors. The translation must include every term and condition of the contract or agreement.

Law 393
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ClearCast Podcast E19 — Ribbon Co-Founder & CEO Shaival Shah

Clear Capital

” This has been a very hot and important topic within the lending space for the last year or so, we’ve talked about it on this podcast before Kenon. The lender says the home’s worth $335,000, you’re at contract at $350,000. And then that triggered a whole series of developments for us. Kenon Chen.

Sellers 69