Housing Wire

JUNE 1, 2023

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” And the design and development of the models and algorithms can reflect the biases and blind spots of the developers.”

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Housing Wire

JANUARY 5, 2022

Some Federal Housing Administration -approved mortgage servicers have routinely flouted the agency’s loan modification program, according to Washington, D.C. 21 letter that a number of mortgage servicers employed by FHA-approved lenders failed to adequately implement loan modification options the FHA introduced in July.

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Housing Wire

MARCH 18, 2022

When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. You are the reverse mortgage department,” he said. The partner smiled. “

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Housing Wire

JULY 28, 2022

Treasury Department has issued new guidance empowering state, local and tribal governments to direct more of the funding appropriated under the American Rescue Plan Act of 2021 toward affordable-housing investments. billion for affordable-housing development and preservation. billion for affordable-housing development and preservation.

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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. The DOJ alleges Hernandez falsified borrower’s income by inflating monthly child support payments on mortgage loan applications. Her place of work was not disclosed.

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Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. The CFPB, a government watchdog agency, said lenders aren’t absolved from adverse action notice requirements under the Equal Credit Opportunity Act if they use complex algorithms, which Rohit Chopra, the director of the CFPB, has dubbed “black-box models.”.

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Housing Wire

AUGUST 22, 2023

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). When announcing the proposed rule, Vice President Kamala Harris weighed in.

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Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

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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.

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Housing Wire

OCTOBER 19, 2022

A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed the Community Home Lenders of America (CHLA), a lobby group that represents smaller mortgage lenders.

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Housing Wire

FEBRUARY 22, 2022

Lenders are left to their own devices to design the programs, based on guidelines from the CFPB, and hope they get it right. Acting Director David Uejio spoke in September 2021 about how special purpose credit programs “serve as an important tool” for mortgage lenders to assist underserved borrowers.

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Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Housing Wire

AUGUST 5, 2020

The National Association of Mortgage Brokers has been advocating for mortgage brokers for almost 50 years. Rocke Andrews: NAMB was founded in Florida in 1973 by a group of mortgage brokers who saw a need to create a national association that protected their interests in state and federal regulations.

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Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. Jacob is not alone in seeing the potential upside for crypto-mortgages and AI-enabled traditional loans.

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Housing Wire

JANUARY 8, 2021

Moving forward, the Mortgage Industry Standards Maintenance Organization , a not-for-profit subsidiary of the Mortgage Bankers Association , will continue to focus on digital closings. 1, he served as the assistant secretary of policy development and research for the U.S. USB drive developed from standards organizations.

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Development Technology Mortgage Design 458

Appraisal Buzz

MAY 6, 2024

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. ICON, an Austin based firm, has developed a 3D printed wall system.

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Housing Wire

MAY 3, 2021

The Federal Housing Finance Agency (FHFA) finalized a rule on Monday that will require Fannie Mae and Freddie Mac to develop plans that would ensure upon their eventual exit from conservatorship, they won’t do any large scale harm to the financial system. government.

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Housing Wire

JANUARY 5, 2021

The Housing Policy Council has weighed in on the Conference of State Bank Supervisors’ new proposed standards for nonbank mortgage servicers. The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship and more. Achieving touchless mortgage automation. HPC agrees. Presented by: SoftWorks AI.

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Design Mortgage Technology Construction 396

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. The perplexing part: Why are home prices not declining in this environment?

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Inventory Renovations Real Estate Government 466

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.

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Housing Wire

FEBRUARY 12, 2024

In business for close to two decades, The CE Shop offers real estate exam prep, continuing education, and broker licensing courses, plus programs for prospective mortgage and appraisal professionals. The CE Shop also provides licensing and qualifying courses for mortgage and appraisal professionals.

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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. The pieces are coming together,” said Bob Broeksmit, president of the Mortgage Bankers Association. The first scenario is much more enticing for lenders.

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Housing Wire

FEBRUARY 2, 2021

Digital mortgage servicer Valon (formerly known as Peach Street ) announced on Tuesday it picked up $50 million in a Series A funding round spearheaded by venture capital heavyweight Andreessen Horowitz. Third co-founder Jon Hsu is also familiar with cloud-based development having worked for Twilio, a cloud-based communication platform.

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Housing Wire

JANUARY 20, 2021

rushes to inoculate the current global health crisis, the real estate and mortgage finance industries are facing their second wave of significant industry headwinds in little over a decade. Other countries, including England, have developed digital national systems for processing and recording mortgage and property transactions.

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Renovations Law Development Real Estate 432

Eppraisal

JANUARY 31, 2023

Land Loan A land loan differs from a home mortgage in that the collateral does not include any structure. While this does resemble a traditional mortgage in that you pay it back over time with interest, it is more hazardous to extend for lenders, who will demand a higher threshold of acceptable credit scores, e.g. above 700 FICO score.

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Development Finance Sellers Home Value 36

Housing Wire

AUGUST 5, 2022

Every sector created jobs; even the government created jobs. Once mortgage rates rise, the new home sales sector does get hit harder than the existing home sales market. “Since its inception in 1942, CED has addressed national priorities to promote sustained economic growth and development to benefit all Americans.

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Development Housing Market Marketing Business 545

Appraisal Buzz

MAY 31, 2021

The term “redlining” comes from the development by the New Deal by the federal government of maps of every major metropolitan area in the country. These color codes were designed to indicate where it was safe to insure mortgages. These color codes were designed to indicate where it was safe to insure mortgages.

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Valuation Appraisal Real Estate Insurance 370

Housing Wire

DECEMBER 1, 2020

They have developed technologies that update the process to mirror the modern way you do your banking, shop, and do pretty much everything else: by using the internet. Remote online notarizations were designed to prevent fraud and are much more secure than in-person notaries. Fortunately, leading-edge technology has your back.

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Housing Wire

NOVEMBER 29, 2021

The supply-chain bottleneck afflicting the global economy has its own counterpart in the world of residential mortgage-backed securities, also referred to as RMBS. They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. billion, compared to $49.69

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Loan Officers Supply Chain Mortgage Marketing 466

Housing Wire

JANUARY 22, 2024

Customer intelligence and mortgage tech firm Polly named Troy Coggiola as its chief operating officer amid the company’s effort to scale. Coggiola will be responsible for Polly’s product, implementation, support and design teams, working toward seamless cross-organization collaboration. before it was acquired by ICE in 2020.

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Technology Mortgage Loan Officers Clients 420

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Consumer loans such as mortgages and other financial documents require notarization. Register for the FinLedger Daily Newsletter.

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Business Law Real Estate Investors 491

Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. E-mortgage volume spikes. During the first six months of 2020, the Federal Housing Finance Agency reported that the volume of e-mortgages purchased by Fannie Mae and Freddie Mac spiked significantly.

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Will Springer Realtor

OCTOBER 17, 2023

There are programs established by state and local governments that provide buyers – mostly first-timers – with assistance to make a down payment or meet closing costs. The funds are typically repaid when buyers eventually sell the home or when refinancing their mortgage. Not exactly. Read the fine print!)

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Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. We know who the borrowers are. We service their loans. of the U.S.

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Law Mortgage Legal Finance 370

Housing Wire

MAY 15, 2024

Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

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Investors Mortgage Marketing Finance 473

Housing Wire

MAY 15, 2024

Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

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Marketing Investors Mortgage Finance 420

Housing Wire

AUGUST 11, 2020

From the suburban Virginia headquarters of mortgage securitizer Freddie Mac, Catalfo kept tabs on a new virus that the Chinese government was having trouble containing to the city of Wuhan. Her team worked with lenders to lay out policies for mortgage forbearance, if it was needed.

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