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HUD outlines reverse mortgage wish list in budget proposal

Housing Wire

The White House this week submitted its fiscal year 2025 budget proposal to the House of Representatives and the Senate , outlining the priorities of the administration in providing a budgetary blueprint for the entirety of the U.S. Total loan volume projected for all MMI programs for 2025 is $237.9 federal government.

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How LOs, mortgage execs are preparing for 2024

Housing Wire

The second project I’m working on is having a mobile app where the the client can download the app and use it to take care of their transaction. We’re laying the constant groundwork word doing the agent training. I’m comfortable with lending there because I know I’m very familiar with the area.

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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. The investment we make today will have exponential benefits in 2023, 2024 and 2025 and beyond,” UWM CEO and Chairman Mat Ishbia said during an earnings call. Time and training.

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COVID-19 Novel Coronavirus

Walitt Solutions

In many cases, FHA, USDA, VA, Fannie Mae, and Freddie Mac are allowing the use of appraisals with inspections that vary from the typical level of inspections pre-typed on the lending appraisal forms. Appraisers are to boldly state “Per Department of Veterans Affairs, no interior inspection was provided due to COVID-19”.”

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. The transformation is required at the end of 2026 with testing beginning late 2025. Meet in person. Mailings are possible.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Real estate brokers can provide links to crime statistics for their clients but they should never interpret the severity of the neighborhood’s safety based on those figures (unless, perhaps, that broker is trained in criminal studies). The Emerald City ranked No. 12 in the U.S., Of the 1.94M homeowners in the state, 11.3%