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CHLA: Here’s how to modernize ‘short-changed’ Ginnie Mae

Housing Wire

The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans. This undermines Ginnie Mae’s ability to run a market-driven program.” This recommendation is based on two other ideas.

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Ginnie Mae seeks budget increase to manage sizable reverse mortgage portfolio

Housing Wire

Department of Housing and Urban Development (HUD) detailed some of its hopes for Ginnie Mae. This includes an increase to its 2025 budget authority that, in part, will go toward management of the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. million from the total funding level for 2024.

Mortgage 347
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Sagent unveils new servicing platform

Housing Wire

Navy captain who served as the vice president of business development for multinational firm BAE Systems before joining Sagent on Feb. “We took some time to listen to the industry about what they wanted in a mortgage servicing platform,” Perry Hilzendeger, executive vice president of servicing at Sagent, said in an interview.

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What servicers need to know going into 2024

Housing Wire

The most pessimistic forecast call for a drop of 40% nationwide by the end of 2025. A recent Wall Street Journal article noted that in Florida some homeowners have seen their homeowner premiums triple in the last five years and in some communities these premiums are now higher than their mortgage payments. How would this work?

Insurance 344
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FHA delays mandatory use date for FHA Catalyst appraisal submission

Housing Wire

In February , Lopa Kolluri, principal deputy assistant secretary at the FHA, acknowledged the delays, but said that the administration is back on track with their modernization initiative. “I I feel really good about where we are with FHA Catalyst,” she told HousingWire.

Appraisal 294
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loanDepot CIO on the evolution of build versus buy over 14 years

Housing Wire

What drew you into the mortgage industry? GB: The whole mortgage tech ecosystem was very different 14 years ago when the company was founded, so there was, understandably, a heavy bias towards build. SW: Is 14 years a long time when it comes to mortgage tech? Sarah Wheeler: You joined loanDepot in 2021 from Capital One.

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, forms to reports modernization, AMCs, earthquake risk, unusual homes, mortgage origination stats, etc. == == Rare Coastal Contemporary Manchester, MA, for $9M Excerpts: 5 bedroom, 4.5 Mortgage applications increased 3.3