Housing Wire

SEPTEMBER 18, 2020

As lenders continue to adjust to a new normal, the pivotal role of technology has become increasingly clear in maximizing productivity and keeping lending pipelines flowing. HousingWire reached out to Chandler to discuss how COVID-19 has propelled a much-needed modernization among lenders. What are some examples of these strategies?

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Housing Wire

JUNE 8, 2022

“We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”. Both plans rely heavily on special purpose credit programs , which allow lenders to target lending to protected classes without violating the Equal Credit Opportunity Act. . “A

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Housing Wire

JANUARY 27, 2022

billion acquisition of First Midwest to close in “late 2021 or early 2022,” but it first required regulators’ blessing. alleging that the bank carried out redlining in its mortgage lending practices. ” First announced in June, Old National said it expected the $6.5 Under the terms of the settlement, the bank agreed to pay $3.85

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Housing Wire

MARCH 1, 2022

million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ Refinance volume is projected to fall by 63% in 2022 and overall origination volume is projected to be down 35% after 2020 and 2021 had recording-setting origination volume.

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Housing Wire

MARCH 28, 2022

Nevertheless, the IRS’ initial attempts to update and automate its system didn’t quite align with Congress’ goal to streamline the lending process for small business owners and consumers. While the IRS introduced the new Form 4506-C in 2019, it was 2021 that brought about the long-awaited accountment regarding a step towards modernization.

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Housing Wire

APRIL 6, 2022

Although no one can predict exactly how the markets will react to certain events, mortgage lenders that develop a strategy for the uncertainty we find ourselves in will be best equipped to handle whatever comes next. More rate hikes from the Fed.

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Housing Wire

FEBRUARY 18, 2022

I’ve always been mechanically inclined and developed a love for cars at an early age, based on the four drag race cars my father owned. To some degree, appraiser capacity issues can be mitigated by modern appraisal products like desktop and hybrid appraisals. HousingWire: If you had chosen a different career path, what would it be?

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Housing Wire

AUGUST 17, 2022

A customized loan application developed for Angel Oak Home Loans will support both agency mortgage and non-QM lending “for borrowers of diverse financial backgrounds,” said Shane Westra, chief product officer at Simple Nexus. Presented by: Polly.

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Clear Capital

OCTOBER 27, 2021

National real estate valuation technology company well-positioned to experience continued growth in 2021. October 26, 2021 — Clear Capital, a national real estate valuation technology company, today announced it has hired more than 350 people so far in 2021, with 170 jobs currently open and accepting applications.

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Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. They’re used to modern experiences with great service and digital experience. But this is no ordinary mortgage startup. It’s early.

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Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

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Appraisal Today

DECEMBER 16, 2022

Industry Insider Insight on Risk and Modernization. Joe Minnich, a condo risk consultant, spoke on how loans secured by an individual unit in a condominium project have greater risk than found in typical SFR lending. Fannie New Appraisal Form Modernization. He suggested we redefine quality to include a time element.

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Appraisal Buzz

NOVEMBER 3, 2021

The Collateral Risk Network (CRN) announced today its formal endorsement of the gross living area measuring standard developed by the National Association of Home Builders (NAHB). As the appraisal process is undergoing major shifts towards modernization and new levels of automation, this void was ripe for a solution.

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Appraisal Today

APRIL 21, 2023

Brand your appraisal practice Make it easier for customers to send you referrals by developing a brand that they will remember. Despite the fresh coat of paint and a small but modernized kitchen and bath, the home retains many of its original features, including the loft bedroom, where the school’s headmistress once slept.

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Appraisal Today

AUGUST 4, 2023

Once the site was chosen, Bercy and Chen developed a plan to break the 3,000-square-foot house into three main volumes. Inflation and its impact on the real estate sector The inflation rate has been trending downward recently, with June 2023 witnessing the smallest annual increase since March 2021. since October 2021.

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Appraisal Today

FEBRUARY 23, 2024

I find myself scouring 2021 onward especially. The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. “I I couldn’t believe that something like that was out there. Very comprehensive.

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Appraisal Today

MAY 19, 2023

ChatGPT is an advanced AI language model developed by OpenAI that can be used to streamline the appraisal writing process. Good video UAD Redesign the Movie (from 2021 but still relevant) I have written about this twice before in this newsletter. The answer is, Yes! The first Business page includes a link for the forms.

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Housing Wire

MARCH 29, 2022

And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it. Senior administration officials claim that rooting out “modern-day redlining” is a top priority. And HUD can bring lawsuits claiming bias in mortgage lending.

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Will Springer Realtor

FEBRUARY 8, 2023

SEATTLE VOTES ON HOUSING ISSUE Seattle residents voted this week on whether the city should establish a public developer to build permanently affordable housing. Public development can be a great option for increasing the supply of homes. It would leverage available public land while reducing obstacles faced by private developers.

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Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry. Valuation Equity.

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Assurance Financial

AUGUST 9, 2021

Every year, the USDA uses its Rural Development program to invest about $20 billion in helping families across the United States buy and improve their homes. Below we’ve mapped out an overview of the USDA Rural Development Guaranteed Housing Loan Program, explaining how it works and if you’re eligible for loans. Guaranteed Loans.

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Housing Wire

MAY 16, 2022

The Biden administration today unveiled a plan that it says will “help close” the housing supply gap, which one 2021 tally put at 1.5 The plan is in addition to measures the federal government announced in September 2021 that the federal government said would create 100,000 homes in three years. million homes, in five years.

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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%). Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

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Housing Wire

JUNE 22, 2022

Emanuel Cleaver of Missouri asked the Government Accountability Office (GAO) to review the OCC’s fair lending oversight. The GAO also tracked the number of fair lending examinations the OCC performs each year, finding they have dropped off significantly since 2018. Democratic lawmakers Rep. Joyce Beatty of Ohio, Rep.

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Appraisal Today

SEPTEMBER 17, 2022

Catskills Modern: ‘Sleeve House’ Highlighted by Charred Wood Exterior. Excerpts: An extremely modern home with an equally dark exterior is now available in Ancram, NY. This 2% market share for 2021 represents a decline from years prior to the Great Recession. This marked the largest share for the 1992-2021 period.

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Appraisal Today

NOVEMBER 20, 2022

Unfortunately, because many appraisals were rarely rejected or required corrections, appraisers developed the false notion that poorly crafted appraisals were okay to turn in. FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. What’s happening now.

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Will Springer Realtor

MAY 9, 2022

While these are promising developments, there will always be the affordability question. The latest survey took place June 2020-October 2021 and asked 2700 adults in King, Pierce and Snohomish counties. >> The 323,465 flipped single-family, condo and townhomes in 2021 is the highest number since 2006 and represented 5.5%

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Will Springer Realtor

SEPTEMBER 8, 2021

It is developing several single-family and multifamily communities in King and Snohomish counties. The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. of the $5.8T

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Housing Wire

MAY 25, 2022

This was classic fog-the-mirror underwriting and lending, invoice-fixing.”. And both of the GSEs are demonstrably cautious when it comes to supporting chattel lending. Despite the Biden administration’s stated plan, the path forward for government-financed chattel lending remains uncertain. Freddie Mac declined to comment.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Fannie Mae also included efforts to “modernize” appraisals in its equity plans. Non-traditional appraisals to the rescue.

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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. People love experiences to fill their memory bank and social media feed – and real estate developers are listening. TREATING YOURSELF EVERY DAY. Dining out. Theme parks.

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Housing Wire

FEBRUARY 7, 2022

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. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

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Housing Wire

MAY 17, 2022

During her visits, one thing stood out to Golding, who served as the Department of Housing and Urban Development ’s principal deputy assistant secretary from 2015 to 2017. Industry stakeholders have some ideas for how to further that goal, starting with more clarification on some FHA lending programs. 2020 to Jan.

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