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loanDepot promotes David Smith to vice president of national VA lending

Housing Wire

loanDepot has appointed David Smith to the newly-created position of vice president of national VA lending, the company announced on Monday. In this role, Smith, a former Army sergeant, will oversee the lender’s VA lending strategy. The appointment supports the company’s Vision 2025 plan , the company said.

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HUD outlines reverse mortgage wish list in budget proposal

Housing Wire

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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Mortgage Bankers Association Taps Laura Escobar as Chair for 2025

Appraisal Buzz

Laura Escobar, president of Lennar Mortgage, has been appointed chair of the Mortgage Bankers Association (MBA) for 2025. She has served as president of Lennar Mortgage, the mortgage lending subsidiary of Lennar Corp., In addition, Christine Chandler has been named chair-elect and Owen Lee has been named vice chair. since 2018.

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Motto sues UMortgage for ‘tortious interference’ in franchise contract

Housing Wire

The franchise agreement was not set to expire until December 1, 2025, and Motto claims Price expressed a desire in late 2022 to renew it for a new five-year term. HousingWire reached out to NFM lending, Bolden and Stephen, but they did not reply to requests for comments. According to a lawsuit filed in March in a U.S

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The New UAD: Practical Implications

Appraisal Buzz

TRID is a set of regulations that combine the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). Appraisers will probably not see these new types of assignments until sometime in 2025. Robust support and training are quintessential for a smooth transition to the new UAD standards.

Appraisal 370
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How LOs, mortgage execs are preparing for 2024

Housing Wire

We’re laying the constant groundwork word doing the agent training. I’m comfortable with lending there because I know I’m very familiar with the area. I think we are going to see (traditional) refinancing transactions really start to kick in in the second half of 2024, 2025. If people got rates of 7% and 7.5%

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The mortgage industry is hiring again – but at different terms

Housing Wire

The data includes employees at parent companies and subsidiaries, in mortgage lending, servicing and other activities.) UWM, however, brings in people with no prior mortgage experience and provides extensive in-house training, according to chief strategy officer Alex Elezaj. We’ve been hiring, training and developing our people.

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