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Opinion: Reformed FHA program will offer lenders new business opportunities

Housing Wire

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Much of this market dysfunction is also attributable to a lack of lenders. The home-only lending market presents several major opportunities.

Business 449
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Proposed VA appraisal law looks to even the playing field

Housing Wire

The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together. Currently, all VA appraisals must be performed in-house. Jones also expressed concern with future increases to VA home loan funding fees.

Law 397
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Verification provider Xactus hires chief compliance officer

Housing Wire

Gloudeman’s career in mortgages and financial services will help “modernize compliance strategies for the quickly evolving mortgage landscape” as traditional approaches are falling behind, said Perry Steiner, chairman and CEO of Xactus said. In a tight housing market, Xactus said it aims to help customers close loans more quickly. .

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Federal agency members voice support for new CRA rules 

Housing Wire

representatives at federal agencies reinforced their support for the new rules that would modernize the Community Reinvestment Act (CRA), a few days after a federal judge in Texas granted a preliminary injunction to banking associations that seek to halt its implementation. This week in Washington, D.C.,

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An inside look at the latest trends in housing regulation and policy, featuring the 2022 Vanguard Honoree, Armando Falcon

Housing Wire

In this series of interviews, we focus on the people who are shaping the state of housing at the top — the policy and regulation experts. The FHFA and the GSEs are essential to painting the picture of today’s housing market and industry trends. These are top of mind for my team, our clients and the industry. Because I am.

Lending 379
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How lenders can attract the next generation of homebuyers

Housing Wire

In today’s housing market, lenders need to make sure they’re staying competitive. One way to do that is by offering a digital lending process’ that attracts borrowers across all generations, regardless of their credit score and finances. JR: It’s a competitive market out there.

Lending 418
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A look behind this year’s Tech100 winners

Housing Wire

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.