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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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Lenders see appraisal modernization as a top priority

Housing Wire

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. Lenders surveyed also think that modernizing appraisals could help enhance appraiser capacity and lower borrower costs.

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Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

Appraiserblogs

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. appeared on Appraisers Blogs.

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Finance of America Chief Product Officer: reverse mortgages ‘important’ to diverse product range

Housing Wire

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

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Ready or not, CRA modernization is at the door

Housing Wire

Banks also would be able to get credit for community development activities, even if that work occurs outside of their branch footprint. The post Ready or not, CRA modernization is at the door appeared first on HousingWire. That’s a great simplifier, and it’s also great for communities,” Roberts said.

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Roof AI powers its sales assistant with OpenAI technology

Housing Wire

This integration enhances user interactions to provide the personalized, conversational experience that modern consumers expect, according to Dean Rouso, senior vice president of strategic innovation at Baird & Warner , a Roof AI client. Michel Moubarak, vice president of growth at Roof AI, told HousingWire.

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HUD to double servicer fee on assumable mortgages

Housing Wire

“As the housing finance industry continues to evolve, we remain committed to using technology to support Issuers, borrowers, and the taxpayer.” “Elevated interest rates have been a challenge across financial markets, and the housing market is no exception.”

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