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loanDepot promotes David Smith to vice president of national VA lending

Housing Wire

loanDepot has appointed David Smith to the newly-created position of vice president of national VA lending, the company announced on Monday. In this role, Smith, a former Army sergeant, will oversee the lender’s VA lending strategy. The appointment supports the company’s Vision 2025 plan , the company said.

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UAD Redesign Timeline

Appraiserblogs

My concern at this point is ‘training’ materials will be available in Q4 2024, but actual implementation of the ‘new reporting process’ won’t begin until Q3 2025 with limited production, into 2026. As someone who’s potentially interested in ‘training’ appraisers on the new process, it seems to me.

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Motto sues UMortgage for ‘tortious interference’ in franchise contract

Housing Wire

The franchise agreement was not set to expire until December 1, 2025, and Motto claims Price expressed a desire in late 2022 to renew it for a new five-year term. HousingWire reached out to NFM lending, Bolden and Stephen, but they did not reply to requests for comments. According to a lawsuit filed in March in a U.S

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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.

Mortgage 391
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State Initiatives Aim to Improve Housing Inequities

Will Springer Realtor

Better known now as Fannie Mae, it began buying mortgages from banks and freeing up financial institutions to dramatically boost their lending power. However, lending guidelines established by the Federal Housing Administration (FHA) severely limited Blacks access to those mortgages.

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2024 Updated UAD and URAR – What does It Mean for You?

Appraisal Today

The overall timeline has not changed; however, we wanted to provide the industry with more milestone details to help in development, testing and training to prepare for the new UAD and Uniform Residential Appraisal Report (URAR). To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter.

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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.

Mortgage 351