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New MISMO reference model includes reverse mortgages

Housing Wire

After embarking on an ambitious project designed to ease the technological processes and interfaces of the reverse mortgage industry compared to traditional mortgage workflows, the Mortgage Industry Standards Maintenance Organization (MISMO) announced this week that the latest version of its reference model includes reverse mortgage features.

Mortgage 314
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No, homeowner delinquency rates aren’t elevated

Housing Wire

However, the data references Freddie Mac ‘s Serious Delinquency levels on multifamily loans. I prefer not to dwell on this misunderstanding, but I want to highlight the importance of reading: the chart that was used to start this confusion specifically references multifamily data. Its not even a clever lie.

Lending 541
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Pulte: North Korean and Chinese nationals working at GSEs referred to DOJ

Housing Wire

geopolitical foes China and North Korea have been referred to the U.S. We’ve heard, for instance, [and] recently criminally referred some North Koreans and Chinese for working inside of Fannie Mae and Freddie Mac, Pulte said in the interview. Department of Justice (DOJ).

Finance 319
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UWM sued by Ohio AG over ‘deliberate scheme’ to deceive borrowers

Housing Wire

Yost is referring to the claim that UWM colludes with many brokers to funnel nearly all loans back to itself while also claiming that these professionals are independent and search for the best deals from several wholesale lenders. .” This predatory business practice has no place in Ohio.

Legal 382
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Taking Foreclosures Beyond Judicial and Non-Judicial Actions

Appraisal Buzz

Non-Uniform Foreclosures was inspired by a discussion on the rise in reverse mortgages being referred to foreclosure, as well as the processes for completing a foreclosure on tribal lands. Prepared by the Legal League Special Initiatives Working Group (SIWG), Non-Uniform Foreclosures was written by Jennifer Rogers Esq.

Legal 435
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9 savvy strategies to get more real estate referrals

Housing Wire

The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes. Instead of giving up the business, the referring agent introduces the potential client to another real estate agent who is better positioned to help them.

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‘Gray tsunami’ comes to South Carolina, testing local resources

Housing Wire

In the realm of housing, the term “ silver tsunami ” often refers to the idea that older homeowners will aim to downsize and sell their homes, theoretically flooding the market with new inventory. Such a scenario has not occurred and analysts, including HousingWire ’s Logan Mohtashami , doubt it ever will.