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Congress passes spending bills to avoid shutdown, adds to Ginnie Mae budget

Housing Wire

Other departments benefiting from the allocation include Veterans Affairs (VA), as well as agriculture, interior, transportation, justice, commerce and energy, according to reporting from The Hill. It allocates $450 billion in funding for several departments, including the U.S. Department of Housing and Urban Development (HUD).

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House votes to increase HUD budget by $12.6B

Housing Wire

The Transportation, Housing and Urban Development appropriations bill , which was lumped in with five other bills, would set aside $73 billion in gross appropriations for the department. million specifically for “development, modernization, and enhancement projects.”. That is $12.6 The bill would set aside $16.7

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The surprising future of mortgage technology

Housing Wire

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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What Impact Will the Infrastructure Bill Have on the Housing Crisis?

Appraisal Buzz

In 2020, 30% of all households had “unaffordable” mortgage or rent payments. 39 billion to modernize transit. $17 which will lead to faster and easier cross-country transportation. The bill is funding better drinking water, more transportation options, and upgraded power and internet. The Current Housing Crisis.

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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

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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Biden’s plan to fix housing supply depends on Congress

Housing Wire

One measure would continue a novel policy at the Department of Transportation to give jurisdictions that promote density and rural main street revitalization higher scores in competitive federal grant processes. If you get a higher mortgage rate, there’s still some chance you can refinance out, but the price is baked in.”.

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Rocket Companies’ public debut underwhelms but execs insist they are ‘in it for the long haul’

Housing Wire

Part of the reason behind the company’s decision to lower its expectations, industry insiders say, is that Rocket was getting pushback on its claims that it is a true tech company, as opposed to being viewed more broadly as a mortgage lender. People are trying to wrap their brains around how the mortgage process is being transformed.