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Candescent Capital Ventures Taps Adam Johnston as SVP, Chief Program Management and Valuation Officer

Appraisal Buzz

Adam Johnston has joined Candescent Capital Ventures , a private equity firm specializing in investments in the PropTech space, as senior vice president, chief program management and valuation officer. Over the past 20 years, he has served in key leadership roles in mortgage banking, private mortgage insurance, and appraisal management.

Valuation 195
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‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

Yellen told lawmakers that bank regulators are working to address risks tied to rising vacancy rates and lower valuations for office buildings in major cities. The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” According to the Federal Deposit Insurance Corp.

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ServiceLink offers brokers constant communication and transparency into valuation and closing

Housing Wire

ServiceLink, which is backed by Fidelity National Financial, meets the unique needs of wholesale lenders by providing title insurance, appraisals, flood certificates and closing services. ServiceLink’s unique tech-enabled mortgage services include valuations as well. Brian Pidgeon, Vice President.

Valuation 219
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CFPB spring agenda aims to tackle AVMs, overdraft fees, FCRA and more

Housing Wire

Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry. At the top of the list of housing issues the Bureau will aim to address is a rule related to automated valuation models (AVMs). While only a fraction of the total items on the agenda for the U.S.

Valuation 370
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Trade groups warn of “unintended consequences” from proposed AVM rules

Housing Wire

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). Department of the Treasury ; and the Federal Reserve System.

Valuation 370
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David Lykken to speak at Gathering of Eagles 2023

Housing Wire

But, how you structure those agreements and the partnership you develop can make a big impact on how that service thrives. Best Practices for Affiliated Partnerships,” will examine the importance of aligning your brokerage with strong partners in mortgage, title, insurance and other services.

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FHA’s manufactured housing loan program gets a facelift

Housing Wire

The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). Additionally, the administration is expanding allowable income sources for borrowers “consistent with the criteria for income and property valuations used in real-estate mortgage financing.”

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