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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Law Appraisal Modernization Appraisal Process 395

Housing Wire

JANUARY 31, 2024

Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG). We had some in the market, pre-2008.

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Appraisal Buzz

MARCH 21, 2024

Jason Cave, former chief fintech officer and deputy director for the FHFA, has joined the board of advisors at Argyle , a provider of automated income and employment verifications for mortgage lenders. Cave has more than three decades of experience in U.S. banking regulation.

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Housing Wire

JULY 21, 2023

Lifting a ban on mortgage lenders providing down payment assistance (DPA) to Federal Housing Administration (FHA) borrowers would help underserved borrowers become homeowners, according to a paper published by the Urban Institute. If this change were made, the FHA program would join the other government-insured programs offered by the U.S.

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Housing Wire

JULY 19, 2022

We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Distrust : Consumer trust has fallen across all sectors of business and government in the U.S. We partnered with HousingWire to release a few excerpts from the report.

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Housing Wire

DECEMBER 2, 2020

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. The message was clear: if you weren’t already invested in new digital mortgage experience, then your competition already beat you to the sale.

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Housing Wire

AUGUST 25, 2022

From modernizing appraisal technology to the government heightening their focus on appraisal bias, there’s no shortage of important and noteworthy topics to unpack in the appraisal space,” Brena Nath, director of HW+ and events, said. Appraisal Modernization: What’s the end game?” That is why HW Annual Oct. will be held on Oct.

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Appraisal Modernization Appraisal Process Technology 338

Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Credit standards for home-only applicants are much higher than for buyers seeking a mortgage, and this helps explain the high denial rates.

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Housing Wire

NOVEMBER 10, 2020

The validation and approval of Classic FICO by the enterprises allows them to continue supporting the mortgage market while assessing more modern credit score models that were submitted in response to the 2020 Joint Enterprise Credit Score Solicitation ,” the FHFA announced.

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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. Gloudeman started on Tuesday. . where he left as chief compliance and regulatory counsel.

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Housing Wire

JUNE 7, 2022

From mortgage origination to servicing, companies are constantly grappling with high volume and stringent regulatory oversight while managing a large cohort of vendor partners. Smaller mortgage originators often deal with this problem by throwing more people at it. We’re seeing mortgage executives and workers retiring at record rates.

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Lending Mortgage Technology Modernization 268

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 293

Housing Wire

AUGUST 3, 2022

In 2018, Class Valuation, then Class Appraisal, acquired reverse-mortgage focused AMC Landmark Network. Arcapita said at the time that with “appraisals being a regulatory requirement for mortgages for new home purchases, refinancing, and foreclosures, the $7.5 The acquisition is Class Valuation’s fifth in recent years.

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Housing Wire

JANUARY 10, 2023

However, all of the concerns from last year threaten to carry over — from the fear of recession to stubborn high home prices and the stickiness of sub 3% mortgage rates that keep future buyers firmly planted in their existing homes. And yet the MBA Mortgage Finance Forecast for 2023 has some bright spots in it.

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Modernization Finance Appraisal Valuation 344

Housing Wire

AUGUST 2, 2023

Government-sponsored enterprise Fannie Mae this week released new updates to its appraiser independence requirements (AIR), and also established new property data independence requirements (PDCIR) simultaneously. Fannie Mae published a new frequently asked questions (FAQ) document related to AIR this week.

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Appraisal Valuation Design Modernization 269

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. They stepped into the void created as some large banks retreated from the mortgage market.

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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 394

Housing Wire

MARCH 21, 2023

The government-sponsored enterprise (GSE) approved six vendors following the roll-out of its new valuation initiative. The list includes some of the biggest names in the mortgage tech space — Solidifi, Class Valuation , Clear Capital , Mueller Services, Inc. Accurate Group and Black Knight ‘s Collateral Analytics LLC.

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Valuation Appraisal Modernization Appraisal Process 211

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 8, 2022

The government-sponsored enterprises, Fannie Mae and Freddie Mac , allow for the commingling of digital and paper notes in securitized mortgage pools. ” “We just have to do a little bit of modernization and we will be able to deliver that,” she said. Our programmers are busily coding.”.

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Modernization Government Mortgage Technology 304

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 297

Clear Capital

MARCH 23, 2022

Last year’s acquisition of CubiCasa by Clear Capital, a national real estate valuation technology company, was just one step in the firm’s overall mission to modernize the appraisal process, a top official told Mortgage Professional America. READ FULL STORY.

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Appraisal Process Modernization Appraisal Inspection 36

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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Housing Wire

JULY 12, 2022

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. Beginning July 17, Freddie Mac will accept some mortgages with hybrid appraisals — but the list of caveats is lengthy. Mortgages for manufactured homes, investment properties, duplexes and fourplexes are not eligible.

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Appraisal Inspection Real Estate Agent Training 404

Housing Wire

JANUARY 25, 2023

We’ve been very involved in appraisal modernization [and] investment over the past five years,” Kenon Chen, EVP of corporate strategy at Clear Capital, said. “We’re We’ve been a company that’s been investing very heavily in bringing data analytics and technology into the valuation space.

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Valuation Technology Modernization Appraisal 381

Housing Wire

AUGUST 7, 2023

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. MERS provided a trusted “golden record” of the owner of the mortgage loan asset, Simplifile reaches the county recording end-points, IDC integrated $5.2B

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Real Estate Supply Chain Architecture Brokerage 320

Appraisal Buzz

FEBRUARY 7, 2022

Let’s take some time to reintroduce Desktop Appraisals and explore the risks that are presented when a Desktop Appraisal is requested of an appraiser as part of the mortgage application process. Prior to 2020, the most common appraisal label in the mortgage origination ecosystem was the Full Appraisal. Appraisal Labels.

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Appraisal Inspection Development Technology 435

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. Mortgage industry stakeholders, including the Mortgage Bankers Association , have also pushed for the adoption of special purpose credit programs.

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Development Finance Government Lending 305

Housing Wire

DECEMBER 30, 2021

Projecting the outlook for the housing market in the coming year, including prospects for the secondary market for mortgage-backed securities, can be an exercise in crystal-ball gazing, but one indicator key to bringing clarity to that crystal ball is the direction of interest rates. Mortgage rates will steadily rise, possibly to 3.3%

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Marketing Supply Chain Housing Market Mortgage 419

Housing Wire

JUNE 25, 2021

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. Talks of a digital mortgage have been happening for years, but now more than ever. HW: How does The Work Number help mortgage lenders bridge the generational gap?

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Lending Technology Modernization Investing 360

Housing Wire

DECEMBER 1, 2020

A simple, ancient practice, one that often goes unnoticed despite the critical role it plays in the lives of millions of Americans, is getting modernized. They have developed technologies that update the process to mirror the modern way you do your banking, shop, and do pretty much everything else: by using the internet.

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Law Modernization Technology Legal 342

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 317

Appraisal Buzz

MAY 6, 2024

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

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HOA Insurance Legal Fees Valuation 370

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 315

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 240

Miller Samuel

APRIL 27, 2019

The bill summary was: Relates to the registration of real estate appraisal management companies or an individual or business entity that provides appraisal management services to creditors or to secondary mortgage market participants including affiliates by the department of state. mortgage appraisal volume) for properties in New York State.

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