Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. The home-only lending market presents several major opportunities.

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Housing Wire

MARCH 17, 2021

WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services. ” Forbearance legislation and moratoriums have all but stopped foreclosure proceedings during the pandemic and will continue until at least June 2021.

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Housing Wire

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

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Housing Wire

MAY 27, 2022

The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. Presented by: Mortgage Coach.

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Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Housing Wire

APRIL 27, 2021

Ritchie Torres (D-NY) last week introduced the “Real Estate Valuation Fairness and Improvement Act of 2021,” to root out discrimination in appraising and correct the legacy of redlining. The Consumer Financial Protection Bureau would designate the chairperson of the body. Emanuel Cleaver (D-MO) and Rep.

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Housing Wire

JULY 7, 2021

Terms of the deal were not disclosed, but statements from Mr. Cooper company leadership detailed that the transaction will not have a significant impact on its second quarter 2021 results. The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing.

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Housing Wire

AUGUST 2, 2021

The 2021 Women of Influence winners represent 100 of the most influential women in leadership in the housing economy. More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Head of Product and Design. Briana Ings.

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Housing Wire

FEBRUARY 8, 2022

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. million homeowners became delinquent and entered forbearance between March 2020 and November 2021, the end of the fiscal year.

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Housing Wire

DECEMBER 20, 2021

Wilen’s case illustrates how some Americans have a lot to lose if policies designed to help mortgage borrowers don’t break right. Black Knight data shows that roughly 450,000 forbearance plan expirations are expected to occur through the end of 2021, representing more than a third of active plans. Department of Labor.

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Cleveland Appraisal Blog

OCTOBER 29, 2021

REMAINING ECONOMIC LIFE FOR LENDING PURPOSES. In appraisals completed for mortgage lending purposes, some lenders require that the total remaining life of a home not be less than the term of the mortgage. All Mortgages to be insured under Section 223(e) must be submitted to the Jurisdictional HOC for prior approval.”

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Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. Appraisersblogs with Dave Towne’s opinions plus many appraiser comments. Overcoming negative attitudes can be done.

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Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. According to a complaint filed by DOJ in the U.S.

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Appraisal Today

JULY 14, 2023

Most, including Bill Gates’ mansion is across Lake Washington from Seattle. == Three Dangerous Insurance Mistakes Appraisers Should Avoid by Isaac Peck, Senior Broker at www.OREP.org 1. Appraiser E&O insurance is written on a “Claims Made” basis. I still hear from appraisers who let their insurance lapse. Effective Sept.

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Tools Appraisal Insurance Contracts 77

Housing Wire

FEBRUARY 29, 2024

In a series of policy announcements designed to address housing supply and affordability, HUD, the U.S. We will further analyze the initiatives announced today and will continue to call on the Administration, Congress, and industry stakeholders to work together on more affordable and effective lending programs,” he said.

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Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. To 2021 and beyond.

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Insurance Real Estate Technology Loan Officers 370

Housing Wire

FEBRUARY 15, 2022

The report focuses on the nine rating agencies that as of year-end 2021 were registered with the SEC as “nationally recognized statistical rating organizations,” or NRSROs. The report includes an analysis of essential-findings trends from examinations conducted between 2016 and 2021. Case Examples.

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Housing Wire

FEBRUARY 23, 2022

The government watchdog is concerned that automated valuation models may reflect bias in design and function. Fair lending enforcement and addressing appraisal bias have been top priorities for the Biden-Harris administration.

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Valuation Law Finance Development 384

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?

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Mortgage Property Taxes Insurance HOA 69

Appraisal Today

APRIL 12, 2024

Insurance purposes: Lenders or other clients may order desktop appraisals for insurance purposes to determine the property’s replacement cost or insurable value. But if for lending, it might be rejected on review by GSE computers or humans. Why Doesn’t Anyone Want Tulsa’s Frank Lloyd Wright-Designed Home?

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Appraisal Construction Contracts Architecture 78

Listing Spark

OCTOBER 13, 2022

The Austin market has cooled down significantly since 2021 and early 2022. The bubble burst last time because we had crazy lending. Realtors, lenders, title companies, insurance providers, builders, inspectors, plumbers, electricians, appraisers, and the lumber industry are all affected as a result. Key takeaways. [00:02:50]

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Housing Wire

OCTOBER 16, 2023

The White House on Monday announced a series of new initiatives designed to boost U.S. homeownership, alongside data detailing housing aid that has been provided since 2021. New initiatives include allowing homebuyers to leverage income from accessory dwelling units (ADUs), expanding mortgage lending for U.S. New data The U.S.

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Design Insurance Development Construction 458

Simonson Real Estate

APRIL 26, 2021

Retail, office, medical or industrial uses can be either single-tenant or multi-tenant building Commitment to long-term lease (typically 10+ years with renewal options) Lease structure with most or all expenses and building repair responsibility of tenant Typically build-to-suit based on tenant needs and designs. Market Extraction.

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Marketing Tenants Real Estate Valuation 78

Assurance Financial

AUGUST 9, 2021

These mortgages are designed to suit low- to very-low-income applicants. As of 2021, it needs to be less than 2,000 square feet and should be situated in a rural area with a population under 35,000. The lending requirements for a guaranteed USDA loan are slightly looser than the requirements for a direct loan. Direct Loans.

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Home Improvement Insurance Development Finance 74

Will Springer Realtor

APRIL 10, 2024

Climate-resilient housing, which is designed and constructed to withstand and adapt to the impacts of climate change, is increasingly recognized as a critical priority for our region. INSURANCE FOLLOW-UP The top item in last month’s newsletter struck a chord with readers. The average mortgage holder paid $4.90 Seattle is also No.

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Real Estate Buyers Sellers Insurance 36

Appraisal Today

SEPTEMBER 17, 2022

Architect Adam Dayem designed the unique 2,500-square-foot residence, which was completed in 2017 after several years of construction. However, median lot value reached $143,000 in 2021, the second most expensive value in the nation and a new record for the division, even after adjusting for inflation. . 2,500 sq.ft.,

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Appraisal Construction Contracts Insurance 52

Assurance Financial

JULY 27, 2021

Some home loans are designed for people who meet specific criteria, and others for people who might not qualify for another type of loan. Most mortgages require you to make monthly payments of principal, interest and other fees, such as private mortgage insurance (PMI). You have lots of options when choosing a mortgage.

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Mortgage Government Construction Insurance 69

Appraisal Today

NOVEMBER 20, 2022

FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. In this category, you find the properties that represent the whimsical side of the design and prove there is no idea too out there when it comes to constructing a building. What’s happening now.

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Will Springer Realtor

JULY 13, 2023

Data from the Federal Reserve indicates Goldman Sachs has the highest exposure to commercial loan losses at 16% of its lending total due within the next two years, followed by Morgan Stanley (14%) and Citizens (12%). We certainly see that in all forms of residential real estate – from new construction to finding items for the home.

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Construction Supply Chain Real Estate Development 36

Clear Capital

DECEMBER 14, 2021

And the latest numbers from Clear Capital ourselves, from our Home Data Index Market Report, which tracks repeat sales, using our own proprietary analytical process indicates that in November 2021, the year-over-year home price appreciation for the whole country was 20.2%. Kenon Chen . Jeff Allen . That is bonks. Kenon Chen .

Real Estate 69

Real Estate Mortgage Agents Business 69

Will Springer Realtor

OCTOBER 11, 2022

While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. Design hints of the past blend seamlessly with custom contemporary interiors to bring forward a home well worth living in. Take this grand, 8-bedroom, 5.25-bath bath , 7490 sq.

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Housing Market Marketing Buyers Real Estate 36

Housing Wire

DECEMBER 7, 2020

However, as the campaign transitions to the Biden-Harris administration, the incoming team needs to address significant operational and design challenges before such a tax credit is sufficiently ripe for consideration by a narrowly divided Congress. of the average home price. Instead of letting the fee expire on Oct. Conclusions.

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Law Government Finance Mortgage 491

Housing Wire

MARCH 10, 2022

18, 2021, while Freddie Mac had 7,284 at the end of January. Of course [Fannie Mae and Freddie Mac] can provide better program guidance, of course they can provide training to the marketplace and hold the hands of lending institutions who are trying to operate their programs,” Burns said. A solution presents itself.

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Finance Development Training Government 384

Will Springer Realtor

JANUARY 7, 2022

The industry is prepared for another high-demand, low-inventory year, even if conditions do not quite hit the fever pitch of 2021. The 2021 real estate market was incredibly hot and will be hard to beat,” said Lennox Scott, CEO of John L. Buyers will continue to outstrip sellers but with slightly less intensity than in recent years.

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Construction Real Estate Inventory Buyers 36

Housing Wire

JUNE 3, 2022

The Office of the Comptroller of the Currency formally rescinded its plan in December of 2021. Federal Reserve second-in-command Lael Brainard, acting head of the OCC Michael Hsu, together with Martin Gruenberg, chair of the Federal Deposit Insurance Corporation , explained the thinking behind their nearly 700-page proposal.

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Housing Wire

FEBRUARY 7, 2022

A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement.

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