Housing Wire

MAY 1, 2023

With a residential PACE loan, renovations are financed and are then paid back by the borrower as property tax payments to their local government, resulting in higher property tax payments for borrowers. Eligible renovations can include property preparation for natural disasters or modernization to a home’s electrical or water systems.

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Property Taxes Renovations Finance Lending 365

Housing Wire

MAY 23, 2022

The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together. The Mortgage Bankers Association supports the legislation. Currently, all VA appraisals must be performed in-house. Sponsored Video.

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Housing Wire

NOVEMBER 19, 2021

The Consumer Financial Protection Bureau (CFPB) is launching a voluntary review of its mortgage data collection — a key tool in bringing redlining cases — to assess its effectiveness in detecting discrimination. The agency also uses HMDA data to identify and call attention to systemic issues in mortgage lending.

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Lending Modernization Tools Mortgage 368

Housing Wire

AUGUST 31, 2022

The executive will be responsible for strengthening Xactus’ regulatory compliance framework and administering regulatory changes required by the credit and mortgage industries, the firm said. Since then, the firm acquired MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate in July.

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Modernization Clients Technology Insurance 370

Housing Wire

JUNE 9, 2021

He’s right and we disagree with the Community Home Lenders Association ’s assertion that such an affirmative obligation should not also extend to independent mortgage companies. Bank CRA obligations cover far more than their mortgage lending.

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Housing Wire

DECEMBER 30, 2022

The first is the overall business transformation that’s taking place in the mortgage industry. We’re seeing new energy and new initiatives in this area at many mortgage and housing agencies. That I’m proud of the role that they are playing in helping modernize mortgage production and the secondary market? Because I am.

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Housing Wire

MAY 24, 2023

House of Representatives took the opportunity during a hearing this week to ask Federal Housing Finance Agency (FHFA) Director Sandra Thompson about a proposed change to the FICO Classic credit model, inquiring about the potential impacts on credit availability and mortgage financing for constituents. David Scott (D-Ga.)

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Housing Wire

JUNE 25, 2021

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. Joel Rickman: One of the most significant and transformational trends in lending is the call for the modernization and digitization of the mortgage loan process.

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Lending Technology Modernization Mortgage 414

Housing Wire

APRIL 4, 2024

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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Modernization Law Legal Landlords 277

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The result is higher costs, lower productivity, unmeasured quality, and systemic exposure as government monopolies take most of the risk and make most of the money.

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Housing Wire

APRIL 21, 2021

The government agency also said it plans to retire all temporary selling flexibilities on May 31, 2021. ” “Throughout the COVID-19 pandemic, FHFA has actively monitored the pandemic’s impact on mortgage market participants’ use of the temporary selling policies,” the FHFA said in a release.

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Real Estate Agent Valuation Appraisal Modernization 395

Housing Wire

JUNE 8, 2022

The plans establish a flexible framework for the government-sponsored enterprises to address barriers to sustainable housing and close the racial homeownership gap. Both plans rely heavily on special purpose credit programs , which allow lenders to target lending to protected classes without violating the Equal Credit Opportunity Act. . “A

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Development Finance Government Lending 364

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Tech100 Mortgage Winners. Hey Clayton …” and a link.

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Real Estate Brokerage Real Estate Agent Technology 376

Appraisal Buzz

APRIL 29, 2024

If you aren’t in control of your clients, your fees, your market, or the main factors that drive your business, you’re always under threat by outside forces, like interest rates and government policy. To that end, the appraisal business is ripe with opportunities to diversify and have revenue streams from multiple sources.

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Clients Business Appraisal Lending 195

Housing Wire

JANUARY 31, 2021

Mortgage servicers are staying busy. The company recently launched ClearLabs, an in-house research and development group that works alongside industry leaders and government-sponsored enterprises (GSEs) to continually build on what’s possible in compliant real estate valuation and analytics.

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Valuation Technology Development Real Estate 270

Housing Wire

DECEMBER 20, 2021

A $250 monthly child tax credit from the federal government for each child also helps the household. While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. “They’ve had a manageable budget due to mortgage forbearance. .

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Mortgage Government Contracts Insurance 384

Housing Wire

OCTOBER 2, 2020

AmeriHome on Thursday became the latest mortgage lender to file for a public offering, the latest to do so amid a coronavirus pandemic that has helped spur record origination volume this year. AmeriHome uses the bank Cenlar to subservice 99% of its mortgage loans. And the servicing portfolio – where it earns fees between 25 and 56.5

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Valuation Mortgage Business Modernization 277

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 70

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Once again, modern brain-body science jumps ahead and teaches me things. It turns out gratitude is a tool. Even better. Unbelievable!

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Appraisal Mortgage Business Contracts 75

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. Thanks to the mortgage industry’s rapidly evolving understanding of the power of asset data, the answer is a resounding “yes.”

Lending 359

Lending Modernization Construction Government 359

Genworth MI Blog

MAY 28, 2020

In this article, I will challenge conventional stereotypes and encourage you to explore manufactured housing as an emerging lending opportunity, positioned ideally for those savvy enough to see with different eyes. To start, let’s dispel a few myths and agree on a few truths: Myth 1 : Manufactured Homes Are Mobile Homes.

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Construction Loan Officers Training Lending 148

Housing Wire

APRIL 12, 2021

After speaking with several other female mortgage executives in celebration of International Women’s Day, I wanted to take the opportunity to highlight a few women leaders who are making waves. Susan Stewart , CEO at SWBC Mortgage Corporation , is the current Chair of the Mortgage Bankers Association.

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Mortgage Business Lending Finance 446

Housing Wire

OCTOBER 6, 2020

Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation. Joe Camerieri, EVP Mortgage Cadence. Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used.

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Technology Mortgage Investing Investors 446

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. million consent order with Trident Mortgage Co., Attorney General Merrick Garland said in a statement.

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Law Loan Officers Lending Advertising 406

Housing Wire

FEBRUARY 22, 2023

The goal, according to the company, is to provide mortgage lenders and borrowers with an efficient and streamlined verification process. Using Experian Verify through AIM will allow mortgage lenders to leverage up-to-date employer payroll data to verify income and employment information, Experian said in the statement.

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Modernization Government Tools Lending 395

Genworth MI Blog

MAY 28, 2020

In this article, I will challenge conventional stereotypes and encourage you to explore manufactured housing as an emerging lending opportunity, positioned ideally for those savvy enough to see with different eyes. To start, let’s dispel a few myths and agree on a few truths: Myth 1 : Manufactured Homes Are Mobile Homes.

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Construction Loan Officers Training Lending 78

Housing Wire

DECEMBER 31, 2021

At the onset of the Coronavirus pandemic, the mortgage industry was preparing for absolute disaster. Mortgage executives held emergency meetings with their creditors over worst-case scenarios. Fratantoni’s organization is forecasting mortgage rates to gradually climb over the course of 2022, ending the year at 4%.

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Marketing Law Government Mortgage 427

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 ?? .”

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Valuation Modernization Real Estate Investors 69

Appraisal Today

FEBRUARY 23, 2024

NOTE: Please scroll down to read the other topics in this long blog post on residential fee appraiser testifies at bias hearing, what happens to Fannie complaints, Why I love real estate appraising, unusual homes, mortgage origination stats, etc. == Concrete Chateau Artisan Rising From a Lake in Miami FL Is Available for $21.8M million. “I

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Appraisal Real Estate Contracts Reconsideration of Value 68

Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. Ultimately, the FHFA’s RFI on appraisal modernization has given all participants in the mortgage transaction chain an opportunity to step into the future.

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Appraisal Valuation Real Estate Modernization 366

Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting. They really help.

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Appraisal Business Contracts Real Estate 72

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?

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Appraisal Inspection Valuation Lending 28

Housing Wire

MAY 5, 2021

Las Vegas-based builder Kavison Homes has struck up a joint-venture with mortgage lender New American Funding on a new luxury community in Downtown Las Vegas, The Pines in John South Park. Our floor plans and elevations will uniquely feature a modern and sleek look but will still maintain a similar feel to what was built in the 1960s.”.

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Modernization Realty Real Estate Housing Market 231

Housing Wire

MARCH 13, 2023

The lawsuit alleges that an appraiser with 20/20 Valuations lowered the valuation of a home because the owners, Nathan Connolly and Shani Motta, were Black — and were also denied the owners’ mortgage refinancing application with loanDepot based on the lower appraisal, which violated the FHA and ECOA.

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Appraisal Valuation Law Loan Officers 369

Realtor

MAY 15, 2023

Getty Images If you need a mortgage to buy a home you have your eye on, it’s standard for your lender to order an appraisal of the property. When you need a home appraisal Before diving into the hybrid appraisal, it’s essential to understand how an appraisal is used in the mortgage process. Is a hybrid appraisal accurate?

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Appraisal Real Estate Appraisal Process Market Value 107

Movoto

MARCH 25, 2024

5 Steps For Getting Pre Approved For A Mortgage For the majority of homeowners ( 80%, per the National Association of Realtors ), buying a home is made possible, thanks in part to a mortgage. So, knowing the steps to getting pre-approved for a mortgage is highly beneficial for those considering buying a home.

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Mortgage Real Estate Agent Sellers Real Estate 36

Housing Wire

JUNE 17, 2022

.” Trade groups such as the American Bankers Association and the Independent Community Bankers of America , say that doing so would be beyond the scope of the CFPB, which has authority over certain industries, including mortgage, as well as lenders with more than $10 billion in assets. Presented by: William Mills Agency.

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