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The proposed goals for 2025 through 2027 are designed to ensure that the GSEs purchase mortgages that “responsibly promote equitable access to affordable housing that reaches low- and moderate-income families, minority communities, and other underserved populations,” according to information released this week by the agency.
But by 1986, inflation was defeated (1.9%), mortgage rates fell to 10%, and the Beastie Boys released License to Ill. The Fed recently slashed the Fed Funds rate for the third time this cycle while simultaneously announcing that inflation would not reach the goal of 2% until 2027. At the time, I cared about one of these things.
A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. Jacob is not alone in seeing the potential upside for crypto-mortgages and AI-enabled traditional loans.
Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later. In late July, FOA also posted an infomercial featuring Selleck to its YouTube channel.
The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (the GSEs) under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2025, to December 31, 2027.
Credit rating agency Fitch announced this week that its long-term issuer default rating (IDR) for Finance of America , the reverse mortgage industry’s leading lender, has been downgraded from “CCC+” to “C” following the announcement of a debt restructuring plan that staves off maturity risk beyond 2025.
A corporate executive with FOA explained to HousingWire ’s Reverse Mortgage Daily (RMD) that this is not expected to impact the company’s operations in a tangible way, nor is it expected to impede the progress of the other measures FOA is taking to shore up its class A common share stock price.
HousingWire CEO Clayton Collins sat down with Rick Roque, executive vice president of retail growth and strategy at Sierra Pacific Mortgage and Andrew Maas, co-founder and CEO of Pointable , to talk about AI on his PowerHouse podcast. If we use some of the publicly available GPT models, they can talk about mortgage terms pretty well.
FHFA’s Appraisal Waivers Expansion The Great Debate on Appraisal Fees Updated UAD redesign timeline with specific implementation dates Mortgage applications decreased 0.1 Conversely, in high-end homes, buyers expect the latest designs, features and finishes; and therefore, an outdated kitchen may be considered as functional obsolescence.
Required under separate regulatory frameworks, the FHFA submitted the plans as part of the 2025-2027 Duty to Serve (DTS) requirements and the 2025-2027 Equitable Housing Finance Plans (EHFPs). The DTS plans aim to address a lack of liquidity across manufactured housing, affordable housing preservation and rural housing.
The Federal Housing Finance Agency (FHFA) this week announced a new final rule establishing affordable housing goals for the loan purchases of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from 2025 through 2027. The goals, originally proposed in August , are largely unchanged from the initial draft.
But with Republicans remaining in control of the chamber through at least early 2027, he is expected to be easily confirmed. He went on to earn a certified corporate director designation from the UCLA Anderson School of Management. He founded Delta Trust & Banking Corp. prior to entering politics.
Bob Broeksmit , president and CEO of the Mortgage Bankers Association (MBA), released a statement supporting the efforts behind the changes to the PSPAs while stressing the need to consider the implications on the housing sector. But he added that by [2027] I would say theres maybe 70% chance. financial stability.
Some are even considering forgoing insurance altogether, risking their financial security once mandated by mortgage lenders. Starting mid-2027, insurers operating in Washington will be mandated to furnish written notices to policyholders facing premium hikes of 10% or more, elucidating the primary factors driving the change.
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