Housing Wire

AUGUST 28, 2023

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. The CDFI certification is a designation given by the U.S. At least 60% of a lender’s financing must target low- and moderate-income borrowers or customers in underserved communities.

Lending 370

Lending Design Finance Contracts 370

Housing Wire

JANUARY 10, 2024

Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development. That also extends to internal educational development to inform more people at the bank about reverse mortgages, he said. “In

Mortgage 441

Mortgage Lending Loan Officers Design 441

Housing Wire

JUNE 30, 2023

The review schedule and loan threshold changes are designed to “simplify underwriting for multifamily housing development without presenting undue risk to FHA,” the agency said, and to allow for regular adjustments in response to market changes. “We

Insurance 384

Insurance Development Design Finance 384

Housing Wire

NOVEMBER 6, 2023

However, data from the interviews showed adoption rates appear lower among smaller and mission-oriented lenders, such as minority depository institutions (MDIs) and community development financial institutions (CDFIs).

Government 409

Government Training Tools Design 409

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Tools 431

Tools Mortgage Finance Lending 431

Housing Wire

MARCH 17, 2023

Future development projects will follow this collaborative approach with our clients and strategic partners. The firm’s automated underwriting tech is designed to augment human underwriters’ capabilities, allowing underwriters to handle more loans. In August 2021, Candor raised $12.5

Mortgage 370

Mortgage Clients Technology Development 370

Housing Wire

NOVEMBER 3, 2023

Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI). The CDFI certification is a designation given by the Treasury Department CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing.

Lending 410

Lending Finance Legal Contracts 410

Housing Wire

APRIL 29, 2024

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A Department of Housing and Urban Development (HUD)-approved counseling prior to closing the loan.

Mortgage 421

Mortgage Property Taxes Design Insurance 421

Housing Wire

DECEMBER 8, 2023

Department of Housing and Urban Development (HUD) believes housing has a role to play in combating the opioid overdose epidemic. On Friday, HUD issued a joint letter co-written with the U.S. Housing can help fight the epidemic that killed an estimated 70,601 people in 2021, according to the National Institutes of Health (NIH), HUD said.

Development 409

Development Design Valuation Finance 409

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. It would be a disaster for FHA and VA homebuyers,” Evan Potter, branch production manager at Revolution Mortgage.

Agents 458

Agents Sellers Buyers Finance 458

Housing Wire

JANUARY 4, 2024

Department of Housing and Urban Development (HUD) has shown that it’s paying attention to the emerging housing needs of an older population by creating programs that allow for age-minded home renovations. HUD issued $15 million grants in mid-2022 and early 2023 designed to help with health and safety home repairs for low-income seniors.

Renovations 408

Renovations Investing Finance Design 408

Housing Wire

JUNE 21, 2023

Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry. The Consumer Financial Protection Bureau (CFPB) has 11 different items in the pipeline in its section of the federal government’s 2023 spring regulatory agenda, released last week by the White House.

Valuation 370

Valuation Finance Legal Development 370

Housing Wire

FEBRUARY 22, 2022

Federal finance and housing regulators today issued a statement to assure lenders they are on the same page when it comes to special purpose credit programs. Lenders are left to their own devices to design the programs, based on guidelines from the CFPB, and hope they get it right.

Lending 384

Lending Development Finance Law 384

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , Priorities for 2024 Better will focus on increasing market share through investments in automation and further expense cuts, which is designed to lead to profitability in the medium term. Going forward, Better is focused on driving market share and reaching profitability in the medium term.

Loan Officers 432

Loan Officers Technology Investing Realtors 432

Housing Wire

JANUARY 7, 2021

Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. Acra designed the program as an extension to its suite of programs for purchase or refinance of higher valued properties.

Lending 370

Lending Development Design Finance 370

Housing Wire

MAY 17, 2023

In the House, the bill is designated as H.R. This bipartisan bill will modernize the Low-Income Housing Tax Credit and help expand our housing supply, strengthening communities and supporting economic development in Illinois and across the county.” In the House, the bill has more than 60 bipartisan co-sponsors. Todd Young (R-Ind.),

Modernization 384

Modernization Law Design Construction 384

Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. But in the wake of HUD’s announcement, some lenders have, privately, grumbled that there are not sufficient incentives to develop the programs.

Lending 410

Lending Finance Development Law 410

Housing Wire

FEBRUARY 8, 2024

Accreditations and designations Highlight your professional credentials and any special designations you’ve earned. Growing up in Savannah, Georgia, as the daughter of a builder and developer, she learned the processes involved in new home construction from her dad. Jane Doe specializes in luxury markets.”

Real Estate Agent 410

Real Estate Agent Real Estate Agents Clients 410

Housing Wire

JULY 16, 2021

The HW Vanguard awards program recognizes C-level industry professionals and business unit leaders who have become leaders in their respective fields within housing and mortgage finance — those whose leadership is moving markets forward, each and every day. What is your company doing to develop the next generation of leaders?

Investing 384

Investing Training Development Modernization 384

Housing Wire

MAY 26, 2022

A spokesperson from Department of Housing and Urban Development’s Office of Inspector General said that the loans funded were FHA-insured loans. She allegedly created phony prepaid debit card statements designed to serve as records of the borrowers withdrawing the monthly child support payments.

Loan Officers 410

Loan Officers Clients Design Insurance 410

Housing Wire

MAY 4, 2023

We designed the event with the attendee outcome in mind. These leaders will join the ranks of former HW Annual speakers like Sandra Thompson, director of of the Federal Housing Finance Agency , Laura Escobar, president at Lennar Mortgage , and Rick Haase, president at United Real Estate. So what does this look like in action?

Real Estate 369

Real Estate Development Design Mortgage 369

Housing Wire

SEPTEMBER 13, 2023

Retail giant Amazon announced on Wednesday the launch of a new pilot program designed to assist moderate-income families in three different U.S. communities with the purchase of up to 800 homes, in partnership with the National Housing Trust (NHT). the Douglass Community Land Trust in Washington, D.C. and The Housing Fund serving Nashville.

Renovations 397

Renovations Investing Retail Design 397

Housing Wire

APRIL 11, 2024

Department of Housing and Urban Development (HUD) announced on Wednesday that it had entered into a cooperative endeavor agreement (CEA) to take control of the Indianapolis Housing Agency (IHA) alongside the City of Indianapolis.

Design 421

Design Development Housing Market Finance 421

Housing Wire

OCTOBER 5, 2023

“…These [rated offerings] can start to bring in investors like insurance companies, money managers with mutual funds that have ratings constraints, investment banks … [and more], which will provide better financing on rated bonds.” billion, according to offering documents. It appears that securitization market has arrived.

Housing Market 421

Housing Market Marketing Contracts Finance 421

Housing Wire

JULY 28, 2022

The new rule guidance is designed to expand the supply of affordable housing by making it easier to develop, repair or operate affordable housing. billion for affordable-housing development and preservation. billion for affordable-housing development and preservation. Louis , that gap is 29.3

Government 384

Government Development Finance Legal 384

Housing Wire

MARCH 8, 2024

The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” residential mortgage servicers, received an equity investment of $1 billion earlier this month that is designed to strength the bank’s balance sheet. NYCB, one of the largest U.S.

Real Estate 473

Real Estate Insurance Lending Retail 473

Housing Wire

APRIL 22, 2024

Lickstein helped craft an AI-powered tool designed to educate brokers and is currently developing a compliance framework. Different use cases Each panelist comes to the AI discussion from a different angle. We have a strong opinion on how AI will impact the industry and where it’s going,” Team began.

Real Estate 436

Real Estate Tools Brokerage Technology 436

Housing Wire

JANUARY 3, 2024

“Even though HECMs were established specifically to ensure that older adults can convert their equity to cash as they age, they are less common than other products designed for accessing equity,” the report reads. Department of Housing and Urban Development (HUD), only about 64,500 HECMs were originated in FY2022.”

Design 431

Design Mortgage Development Marketing 431

Housing Wire

DECEMBER 7, 2021

The Department of Housing and Urban Development (HUD) on Tuesday resolved uncertainty around special purpose credit programs, 45 years after Congress allowed lenders to tailor products to groups that have historically been excluded from homeownership. In a legal memo, HUD stated that SPCPs are allowed under the Fair Housing Act.

Lending 441

Lending Law Design Government 441

Housing Wire

MARCH 23, 2023

Department of Housing and Urban Development (HUD) Secretary Marcia Fudge and White House Domestic Policy Advisor Ambassador Susan Rice, the PAVE task force revealed its action plan one year ago and claims that its efforts have amounted to “critical progress” in its efforts to make the homebuying process more equitable for people of color.

Appraisal 384

Appraisal Reconsideration of Value Valuation Training 384

Housing Wire

AUGUST 22, 2023

On June 1 , six federal agencies requested comments from the public on a rule designed to ensure the credibility and integrity of models used in real estate valuations. the trade groups state. Department of the Treasury ; and the Federal Reserve System. When announcing the proposed rule, Vice President Kamala Harris weighed in.

Valuation 370

Valuation Appraisal Government Real Estate 370

Housing Wire

JANUARY 8, 2021

1, he served as the assistant secretary of policy development and research for the U.S. Department of Housing and Urban Development and as the principal executive vice president of Ginnie Mae. USB drive developed from standards organizations. Before starting as president of MISMO on Dec. Telecommunication, same thing.

Development 458

Development Technology Mortgage Design 458

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Investing 384

Investing Investors Development Mortgage 384

Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. Despite its roots in a methodology designed to support appraisers, Value.

Modernization 146

Modernization Appraisal Valuation Appraisal Process 146

Housing Wire

FEBRUARY 8, 2024

George Morales: My new role is really designed to bring reverse mortgage insights and perspectives to the company. Clow: Getting a big bank involved again would certainly be a seismic development in the reverse mortgage business. Editor’s note: This Q&A has been edited and condensed for clarity. Morales: No. reverse) as well.

Mortgage 410

Mortgage Technology Business Advertising 410

Housing Wire

JULY 23, 2021

Acra’s jumbo prime mortgage solution is designed to provide borrowers with the larger loan amounts needed to purchase a high-value property, with loan amounts up to $3 million. Fix n’ flip loans are ideal for investors and developers looking to purchase a home and renovate it. We’re very excited to enter the fix’n’flip space.

Housing Market 432

Housing Market Marketing Inventory Lending 432

Housing Wire

NOVEMBER 21, 2022

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. .

Insurance 370

Insurance Mortgage Realtors Design 370