Housing Wire

MARCH 12, 2024

The White House this week submitted its fiscal year 2025 budget proposal to the House of Representatives and the Senate , outlining the priorities of the administration in providing a budgetary blueprint for the entirety of the U.S. Total loan volume projected for all MMI programs for 2025 is $237.9 federal government.

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Housing Wire

OCTOBER 25, 2024

The strongest market agitator in the first half (H1) of 2025 is not likely to be either U.S. However, this era is ending, leading to an expected increase in mortgage lending and an uptick in RMBS issuance, especially in H1 2025. Insurance demand for non-QM RMBS resulted from the convergence of more than one event coinciding.

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Housing Wire

JUNE 14, 2024

Incenter’s business channels include capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing solutions. Parrish said then the company expects “a lot of growth“ in the second half of 2024 and into 2025. JB Long assumed the role of president and Piercy became the chief growth officer.

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Housing Wire

SEPTEMBER 4, 2024

Debenture interest refers to the percentage of a return that an investor would receive for lending money through a debenture. 2, 2025, and will be available through July 1, 2025. The ML goes into effect on Sept. The updated rule builds upon several changes that FHA made to the HECM program on Jan.

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Housing Wire

AUGUST 22, 2024

“However, even without a mortgage, many feel the pinch of rising expenses, including insurance and property taxes, which put more pressure on monthly budgets. ” A first-lien HELOC can be advantageous if the borrower needs flexible access to funds and can handle variable interest rates. billion in the first quarter.

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Housing Wire

MAY 15, 2024

Former Ginnie Mae President Ted Tozer previously floated a plan in which there would be “debt guarantee for a Ginnie Mae issuer, collateralized by assets insured or guaranteed by a federal mortgage program agency.” This recommendation is based on two other ideas.

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Housing Wire

NOVEMBER 27, 2024

It is available until March 31, 2025. In October, the company introduced a conventional cash-out refi product with a loan-to-value ratio of up to 89.99% and no mortgage insurance requirement. The program applies to Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA) and U.S. Initially set to end on Oct.

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Housing Wire

FEBRUARY 23, 2024

Ginnie Mae was involved in and expressly consented to various transactions between TCB and RMF,” and “also contracted with other RMF lenders, including Leadenhall Life Insurance Linked Investments Fund PLC (“LCP”). Ginnie Mae accordingly implored TCB to lend money to RMF. But TCB was hesitant to lend money to a bankrupt company.

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Housing Wire

SEPTEMBER 8, 2022

OSC provides property-insurance verification services for KeyBank’s residential mortgage customers. The letter indicates the bank was only made aware on August 4 of the July 5 data breach at insurance-services provider OSC. dollars annually by 2025,” Bailey added. trillion in U.S. We’re in this huge digital ecosystem.

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Housing Wire

MARCH 7, 2024

Keith Lind , CEO of Acra Lending , a leading non-QM lender, said the PLS market is “fully healthy and functional, and I think it’s going to get better.” “There’s a lot of demand from investors that want to buy these bonds backed by non-QM, but there’s only so many loans to be bought to securitize,” Lind said.

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Housing Wire

OCTOBER 4, 2024

Mortgage loan officers, also known as mortgage loan originators or lending officers, generally make salary-based income with commission. Well, as a new or aspiring MLO, your NMLS license is absolutely critical for qualifying to handle lending transactions, and no one will hire you without one. Why is this important?

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Appraisal Buzz

OCTOBER 23, 2024

Banks are not willing to lend as much money, and the interest rates on distressed properties are 10 percent,” wrote one survey respondent, explaining why he is bidding on fewer properties. The rate also declined during the quarter, hitting a nine-month low in September.

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Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. The investment we make today will have exponential benefits in 2023, 2024 and 2025 and beyond,” UWM CEO and Chairman Mat Ishbia said during an earnings call. ” Just a little less vanilla.

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Appraisal Today

OCTOBER 11, 2024

VA is the only lending organization I recommend for appraisers, except for direct lenders. Almost one-quarter (23%) of respondents overall expect insurance premiums in their area to increase after Hurricane Helene. I have expensive, and limited, earthquake insurance. Buyers are making offers subject to getting insurance.

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Appraisal Today

NOVEMBER 8, 2024

15, 2024 Excerpts: Today, the Consumer Financial Protection Bureau (CFPB) and the Justice Department (DOJ) took action to end Fairway Independent Mortgage Corporation’s illegal mortgage lending discrimination against majority-Black neighborhoods in the greater Birmingham, Alabama area. by the end of 2025.

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Housing Wire

NOVEMBER 11, 2024

While 2024 was certainly a challenging year for the real estate industry, 2025 may be a doozy if the Counselors of Real Estate’s (CRE) 2025 Top Ten Issues Affecting Real Estate report is to be believed. From price expectations to the impact of a Trump presidency, uncertainty is the main driver of today’s market. elections. “We

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Housing Wire

OCTOBER 24, 2024

Acceptable forms of non-traditional documentation to verify payments for rent, utilities, cable, telephone, health insurance, tuition, child care, workers’ union, and equipment leases. Pre-purchase interviews for determining eligibility based on housing costs and MSA income for the area where prospective homebuyers are looking.

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Appraisal Today

NOVEMBER 22, 2024

It also highlighted the importance of consumer protection in the appraisal process, transparency in mortgage lending, and the need to maintain appraiser independence. Mortgage lending is very, very cyclical. Yun expects there will be four different rounds of rate cuts in 2025. If you are reading this, you are a survivor.

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Housing Wire

NOVEMBER 8, 2024

This has included the addition of a “definitive list of eligible property types, definitions, and exceptions to the leasehold topic,” as well as clarification of leasehold provisions related to first-lien enforceability, appraisal and title insurance. These provisions go into effect in March 2025.

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Housing Wire

NOVEMBER 6, 2024

Supreme Court , which gave him more confidence in pursuing the bureau’s crusade against junk fees , appraisal bias and fair lending violations — all controversial topics in the industry. “In The agencies, including the CFPB, expect more scrutiny in 2025 and beyond. FDIC), is cited as a potential long-term replacement.

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Appraisal Today

NOVEMBER 16, 2024

Regardless of prior distancing, it is reasonable to expect Project 2025 to be reflected in much of the Trump administration’s efforts, so I’ll include it here. However, the very fact that appraisals have been mentioned in Project 2025 shows there is some cognizance and desire to seek changes. Worth reading the entire article.

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Appraisal Buzz

DECEMBER 13, 2024

They also explored the increasingly difficult challenges of insurance costs and coverage, noting that average homeowners insurance costs have become significantly high in states such as Oklahoma, Texas, and Nebraska. Next years NPPC is scheduled for November 17-19, 2025, at the MGM Resort & Casino National Harbor.

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Housing Wire

JULY 15, 2024

It should be kept in mind that it doesn’t matter who the president is in 2025; we’re not going back to 3% mortgage rates. Nunes: On the fiscal front, several provisions from the Tax Cuts and Jobs Act of 2017 are scheduled to expire at the end of 2025, barring action from Congress. It’s the individual things that come up.

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Housing Wire

NOVEMBER 14, 2024

Senate Amendment 2358 , also known as Homebuyers Privacy Protection Act of 2024, which addresses trigger leads, in their Senate’s Fiscal Year 2025 National Defense Authorization Act (NDAA). We’ve got a broad coalition of consumer advocates and lending and housing groups that have coalesced to push for this.

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Appraisal Buzz

NOVEMBER 25, 2024

Regardless of prior distancing, it is reasonable to expect Project 2025 to be reflected in much of the Trump administration’s efforts, so I’ll include it here. In sum, this would be a net positive for appraisers working in the mortgage lending space as demand for services would increase. What, precisely, could this cover?

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Appraisal Buzz

JULY 11, 2024

Larry Goldstone, President, Capital Markets and Lending, BSI Financial Services , is responsible for the structuring and growth of BSI’s excess spread mortgage servicing rights (MSRs) initiatives. But changes like reduced mortgage insurance (MI) premiums for FHA mortgages have gone into effect.

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