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NFM Lending Promotes New EVP and Chief Legal Officer

Appraisal Buzz

NFM Lending EVP and Chief Legal Officer LaTasha Waddy NFM Lending and its family of lenders has announced the promotion of LaTasha Waddy to EVP and Chief Legal Officer. Waddy has been integral to the NFM Lending team since 2012, previously serving as General Counsel and Chief Compliance Officer.

Legal 195
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The VA’s little-known program for Native American veterans

Housing Wire

A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. from 2012 to 2021. The GAO said that the VA lacked the staff to run the lending program and failed to inform communities that it exists.

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Judge green lights amended predatory lending suit against Wells Fargo

Housing Wire

A federal judge in Georgia has given the green light for an amended “predatory lending” lawsuit to proceed against Wells Fargo. Wells Fargo has been under fire numerous times in the past over discriminatory lending allegations. The lawsuit was filed under the Fair Housing Act by three counties in Georgia.

Lending 397
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Blend launches housing equity program

Housing Wire

Digital lending and cloud banking startup Blend Labs has launched Blend Impact , a program focused on increasing access and equity in housing and financial services with Blend’s nonprofit partners. Launched in 2012, Blend raised $300 million in January 2021, not long after it introduced a series of consumer banking tools.

Legal 435
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Freddie Mac appoints new team to address housing equity

Housing Wire

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase.

Investors 529
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FHA finalizes updates to reverse mortgage debenture interest rates

Housing Wire

Debenture interest refers to the percentage of a return that an investor would receive for lending money through a debenture. HERMIT was launched by HUD in October 2012 after a protracted development cycle. The ML goes into effect on Sept. The updated rule builds upon several changes that FHA made to the HECM program on Jan.

Mortgage 459
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Homebuilders are primed for an even better 2024

Housing Wire

million housing units due to a severe lack of supply produced between 2012 and 2019. Labor shortages, lot shortages, lending issues, cost of lumber and materials as well as legal and regulatory barriers have made it difficult to deliver more homes to the American market. The pipeline Depending on the source, the U.S.