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FHFA Releases Strategic Plan for 2022-2026

Appraisal Buzz

The Federal Housing Finance Agency (FHFA) has released a draft of its strategic plan for 2022-2026 and is requesting input on the plan from the general public. The post FHFA Releases Strategic Plan for 2022-2026 appeared first on Appraisal Buzz. The post FHFA Releases Strategic Plan for 2022-2026 appeared first on Appraisal Buzz.

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Florida theme parks creating more housing for employees

Housing Wire

For Universal Studios employees, the owners of the park are seeking to construct a 1,000-unit mixed-use development slated to open in 2026 that would promise a short commute to the Universal Orlando Resort, which is also aiming to open a full-scale third theme park called “Epic Universe” next year. “To

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As mortgage biz suffers, Blend sees unified banking platform as the key to growth

Housing Wire

To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage. Achieving positive free cash flow by 2026 would represent a financial landmark for Blend. ​​”We are guiding to a free cash flow margin of 8% for our conservative case, 18% for the market norm, with our base case at 12%.

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Rocket’s new CEO Varun Krishna takes seat on board of directors

Inman

Krishna's term will expire at the company's 2026 annual meeting. The mortgage lending giant's board of directors has been expanded from seven members to eight to accommodate the move.

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Rocket’s Varun Krishna appointed to newly created board position

Housing Wire

Krishna will serve “for a term expiring at the company’s 2026 annual meeting of stockholders and until his successor is elected and qualified, subject to his earlier death, resignation, retirement, disqualification or removal.”

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MBA sees benefits, shortcomings in FHFA’s new ERCF rule

Housing Wire

However, other “longstanding issues” — including disparities in third-party origination pricing or “the inclusion of a multifamily countercyclical adjustment” — are not addressed in the final rule. The majority of the final rule is effective as of Jan. The association will continue to engage with FHFA on these issues, the update explained.

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Bank regulators issue new Community Reinvestment Act rule

Housing Wire

The thresholds are adjusted annually for inflation. The effective date of the final rule is Apr. But the applicability date for most provisions is Jan. Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition (NCRC), said in a statement the new rules are an “important step forward.”

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