Housing Wire

MARCH 1, 2022

million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ Later in 2020, eOriginal was acquired by Wolters Kluwer for $280 million in cash and continues to operate within the Wolters Kluwer Governance, Risk & Compliance business.

Real Estate 354

Real Estate Brokerage Real Estate Agent Technology 354

McKissock

MARCH 24, 2022

Require appraisal anti-bias, fair housing, and fair lending training for all appraisers who conduct appraisals for federal programs and work with the appraisal industry to require such trainings for all appraisers. Define metrics that can help to identify and measure patterns of mis-valuation in the property valuation process.

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Valuation Property Appraisal Training Appraisal 91

Housing Wire

MARCH 29, 2022

To minimize the pain, legacy loan manufacturing processes typically collect only as many months of asset statements as are required by investors — often just two months for conventional and government loans. Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), U.S. Drop me a note brian@formfree.com.

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Lending Modernization Construction Government 318

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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Appraisal Inspection Modernization Business 68

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. In an investigative feature published in March , HousingWire examined the federal government’s feeble fight to end redlining.

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Law Loan Officers Lending Advertising 419

Birmingham Appraisal

AUGUST 2, 2023

Look for appraisers who utilize modern tools and technologies to complement their expertise. Strong Market Knowledge A successful real estate appraiser should stay well-informed about the latest trends and developments in their real estate market.

Appraisal 70

Appraisal Agents Valuation Real Estate 70

Clear Capital

JUNE 28, 2022

Each API connects directly into existing systems through a single integration for lenders, investors, and system providers, making it easier to adopt and deploy modern property valuation solutions. ” Over the past year, the government-sponsored enterprises (GSEs) have made sweeping changes around modern valuation solutions, and ?? .”

Valuation 69

Valuation Modernization Real Estate Investors 69

Housing Wire

APRIL 12, 2021

Kristy Fercho , executive vice president and head of Wells Fargo Home Lending, currently serves as vice chair of the board of the MBA, vice chair of the MBA’s Diversity and Inclusion Advisory Committee, co-chair of the Affordable Housing Council, and a member of its Residential Board of Governors. to lobby for the industry and homeowners.

Mortgage 476

Mortgage Business Lending Finance 476

Walitt Solutions

JULY 28, 2019

During my presentation, I reviewed with the audience a number of appraisal scenarios that have been common practice for decades – often in spaces outside of first mortgage lending. Are these “other” inspection-and-valuation processes appropriate for lending? But is this so-called “new” process really new at all?

Appraisal 28

Appraisal Inspection Valuation Lending 28

Housing Wire

OCTOBER 6, 2020

Purveyors of very complex financial instruments, sold to risk-averse investors under the careful oversight of government regulators, have given us a process that must conform to investor and regulatory compliance requirements. Lending technology out of focus. We have fared much better on the automation side.

Technology 476

Technology Mortgage Investing Investors 476

Appraisal Today

NOVEMBER 24, 2023

For starters, any development would have to pass through three levels of bureaucracy, as 4.1 Once again, modern brain-body science jumps ahead and teaches me things. At first glance, it might not register that most of this modern-industrial home in Northern California was built in a factory, delivered by a truck, and assembled on-site.

Appraisal 74

Appraisal Mortgage Business Contracts 74

Appraisal Today

AUGUST 4, 2023

The censorship is part of a march toward what appraiser and podcaster Phil Crawford has coined “universal basic home value” – a utopian vision among idealogues in which government technocrats dictate the supposed value of a property using algorithms and machine learning.

Appraisal 70

Appraisal Business Contracts Real Estate 70

Appraisal Today

FEBRUARY 23, 2024

Resembling a modern French Chteau, it features a freshwater lake, manicured gardens, and three levels of luxurious living spaces. Finally, we have an inside look (and some hard numbers) at how Fannie’s complaint process works and how many complaints these Government Sponsored Enterprises (GSEs) are actually filing against appraisers.

Appraisal 67

Appraisal Real Estate Contracts Reconsideration of Value 67

Housing Wire

MARCH 29, 2022

The federal government was for redlining before it was against it, instituting color-coded maps of fast-changing metropolises for the better part of the 20th Century. And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it.

Lending 362

Lending Government Law Mortgage 362

Clear Capital

JUNE 21, 2022

Fannie Mae’s study , while finding that homes owned by white borrowers were more often overvalued than homes owned by Black borrowers, furthered the discussion around Appraisal Modernization, including the use of AVMs in property valuations. AVMs should be used in the lending process to prevent appraisal bias. Valuation Equity.

Valuation 69

Valuation Technology Lending Real Estate 69

Assurance Financial

AUGUST 9, 2021

Every year, the USDA uses its Rural Development program to invest about $20 billion in helping families across the United States buy and improve their homes. Below we’ve mapped out an overview of the USDA Rural Development Guaranteed Housing Loan Program, explaining how it works and if you’re eligible for loans. Guaranteed Loans.

Home Improvement 74

Home Improvement Insurance Development Finance 74

Housing Wire

MAY 16, 2022

The government would not build any houses. The plan is in addition to measures the federal government announced in September 2021 that the federal government said would create 100,000 homes in three years. One measure would expand existing federal subsidies for multifamily housing development.

Supply Chain 379

Supply Chain Finance Development Renovations 379

Will Springer Realtor

JULY 13, 2023

Data from the Federal Reserve indicates Goldman Sachs has the highest exposure to commercial loan losses at 16% of its lending total due within the next two years, followed by Morgan Stanley (14%) and Citizens (12%). Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

Construction 36

Construction Supply Chain Real Estate Development 36

Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? Stick to the facts. Originally constructed in 1973, an 1100 ht.sq.ft.

Appraisal 62

Appraisal Contracts Design Mortgage 62

Housing Wire

JUNE 22, 2022

Emanuel Cleaver of Missouri asked the Government Accountability Office (GAO) to review the OCC’s fair lending oversight. The GAO also tracked the number of fair lending examinations the OCC performs each year, finding they have dropped off significantly since 2018. Democratic lawmakers Rep. Joyce Beatty of Ohio, Rep.

Lending 407

Lending Training Government Modernization 407

Housing Wire

MAY 25, 2022

But the government sponsored enterprises may now be on the cusp of entering the chattel market. Proponents of government-backed chattel loans say the sector is not as risky as it has been in the past. Despite potential risks, manufactured homes as a source of affordable housing backed by the government is tantalizing.

Finance 408

Finance Supply Chain Tenants Real Estate 408

Will Springer Realtor

MAY 9, 2022

While these are promising developments, there will always be the affordability question. Let’s just hope government leaders and other influencers remember to bring everyone along for the ride. That was within the 28% ceiling considered affordable by common lending standards. DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. CONDO NEWS.

Architecture 36

Architecture Design Buyers Construction 36

Appraisal Today

SEPTEMBER 17, 2022

Catskills Modern: ‘Sleeve House’ Highlighted by Charred Wood Exterior. Excerpts: An extremely modern home with an equally dark exterior is now available in Ancram, NY. Government loans, which tend to be favored by first-time buyers, bucked this trend and increased over the week, driven mainly by VA and USDA lending activity.”.

Appraisal 52

Appraisal Construction Contracts Insurance 52

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

Appraisal 315

Appraisal Valuation Inspection Law 315

Housing Wire

SEPTEMBER 6, 2022

Over the past year, the Federal Housing Finance Agency (FHFA) and government-sponsored entities (GSEs) Fannie Mae and Freddie Mac have committed to exploring innovative ways to expand homeownership access safely and securely. This charge couldn’t come at a better time.

Landlords 460

Landlords Finance Technology Mortgage 460

Will Springer Realtor

NOVEMBER 10, 2023

More than 2.3M, or 31%, of Washingtonians live in a community governed by a Homeowners Association. We can look back to post-World War II when HOAs helped to create the initial segregation of the suburbs with planned developments – such as Levittown in New York – and gated communities. New home builders have an answer.

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HOA Buyers Law Supply Chain 36

Housing Wire

MARCH 7, 2024

House of Representatives on Wednesday passed a series of six spending bills that will avoid a partial shutdown of the federal government while adding some additional budget capacity to Ginnie Mae. Department of Housing and Urban Development (HUD). It allocates $450 billion in funding for several departments, including the U.S.

Government 381

Government Transportation Development Modernization 381

Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

Insurance 351

Insurance Modernization Lending Mortgage 351

Housing Wire

MAY 17, 2022

During her visits, one thing stood out to Golding, who served as the Department of Housing and Urban Development ’s principal deputy assistant secretary from 2015 to 2017. Industry stakeholders have some ideas for how to further that goal, starting with more clarification on some FHA lending programs.

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Insurance Development Housing Market Mortgage 333

Housing Wire

APRIL 1, 2021

And even if it did, how could the government implement. “I trust the Biden team when they say that the investments will pay for themselves in 10 to 15 years, but a lot can go wrong in financial markets before then,” said Tim Rood, head of industry and government relations at SitusAMC. This will certainly help.”

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Government Logistics Investing Technology 353