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FOA announces amendment and update for bond exchange offer

Housing Wire

The current unsecured notes, due in 2025 with an interest rate of 7.875%, could be swapped for one of two new bond options — those with the same interest rate due in 2026 (with a company option to extend into 2027), or new bonds with a 10% interest rate that would come due in 2029.

Finance 429
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HUD outlines reverse mortgage wish list in budget proposal

Housing Wire

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. federal government. Within the congressional justifications for the U.S. HUD is requesting $2.5

Mortgage 456
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loanDepot settles with Hsieh, nominates Steve Ozonian to the board 

Housing Wire

loanDepot announced Monday it will promptly increase the size of its board from eight to nine members to accommodate Ozonian, who has been the CEO of the Williston Financial Group since 2017, and his term will last from 2023 to 2026.

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Fed Cuts Interest Rate by a Half-Point

Appraisal Buzz

The Committee’s assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.” The Fed now predicts that inflation will not come down to their 2% target until sometime in 2026. in June 2022.

Investors 435
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Despite Falling Rates, King County Housing Market Flops to End Forgettable Year

Will Springer Realtor

One option developing in Washington is the reshaping of zoning laws to allow more housing on parcels of land once zoned for one home. Well, members of the Fed board shared an upbeat forecast about where they believe short-term lending rates are headed. interest on its interbank – or Federal funds – lending rate.

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This is Not Your Grandparents’ URAR

Walitt Solutions

The 2025/ 2026 rollout of the Uniform Residential Appraisal Report (URAR) will be here before we know it, and Walitt Solutions is ensuring you, your colleagues, and partners are up-to-speed on this “report revolution.” Who needs to understand the new URAR? There will be no more form numbers.

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2024 Updated UAD and URAR – What does It Mean for You?

Appraisal Today

The overall timeline has not changed; however, we wanted to provide the industry with more milestone details to help in development, testing and training to prepare for the new UAD and Uniform Residential Appraisal Report (URAR). To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter.