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Home equity products light up a dark housing market

Housing Wire

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

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Smaller IMBs are better placed to weather challenges than larger ones, CHLA claims

Housing Wire

With the mortgage origination market forecast to downsize by 40% this year from 2021 and mortgage rates topping 7% in October, lenders big and small have laid off its employees across multiple rounds of layoffs. In 2021, non-depository institutions accounted for 64% of first-lien, owner-occupied, site-built home-purchase loans.

Mortgage 381
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Loan-repurchase risk threatens future M&A deals

Housing Wire

This new development is being propelled by an alleged Fannie Mae “request” that, according to industry sources, was made recently of several lenders active as buyers in M&A deals.

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Underwriter shortage slowing the pace of private-label deals

Housing Wire

In 2021, however, it has come roaring back, representing 3.53% of all securitizations over the first eight months of the year, according to a report by the Urban Institute ’s Housing Policy Institute. Non-agency securitization has been rampant in the first eight months of 2021 [and continuing], totaling $89.79 billion, compared to $49.69

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Building With a National Builder

Eppraisal

Housing starts increased right along with home values in 2021. According to a release from census.gov on November 17, 2021, housing starts were 0.4 Many national builder developments across the country are selling homes faster than they have in some time. percent above the October 2020 rate.

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Fannie Files Complaint Against Appraiser

Appraisal Today

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. The architects, celebrated for their intelligent and compact designs created a livable work of art as their first and only home built in the United States. Forest Service on three sides.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. 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 place is named for its first owner. “He