Housing Wire

JUNE 12, 2024

The Federal Housing Finance Agency (FHFA) this week issued a public request for information for plans submitted by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac under the Duty to Serve (DTS) program that aims to serve underserved markets from 2025 through 2027. As the U.S.

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Housing Wire

JANUARY 16, 2025

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. Issue hawkish messages to avoid market exuberance.

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Investing Marketing Mortgage Modernization 370

Housing Wire

AUGUST 23, 2024

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.

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Housing Wire

JANUARY 30, 2024

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. Cincinnati-based First Financial Bank has agreed to direct $2.4

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Housing Wire

JUNE 11, 2024

But they are making efforts; it is a very difficult market and they continue to cut costs and narrow their losses,” Kornfeld said. Between now and the end of 2027, I think most market participants expect conditions to improve.” due in 2025 for newly senior secured notes due on Nov.

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Appraisal Buzz

NOVEMBER 25, 2024

Fannie Mae and Freddie Mac have published their three-year plans for improving housing opportunities in underserved markets and communities, the Federal Housing Finance Agency (FHFA), regulator of the GSEs, has announced. The goal is to advance equitable housing access in markets and communities facing persistent challenges.

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Housing Wire

JUNE 20, 2024

million in senior notes due in the fourth quarter of 2025, resulting in new debt with a higher interest rate and a shorter maturity period than usually seen in the market for similar companies. California-based loanDepot has concluded the transaction to extend $497.7 loanDepot estimates that the new notes will cost the company $525.6

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Housing Wire

APRIL 26, 2022

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. It’s an open platform. We’re not huge, but we’re not small either.”.

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Mortgage Technology Investing Investors 476

Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. In the mortgage space, TD Bank was a top-35 U.S. billion in loans, down 25% year over year, according to Inside Mortgage Finance estimates.

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Housing Wire

JUNE 18, 2024

The company said the proceeds of the debt offering are expected to fund, among other things, the firm’s residential lending business, the acquisition of mortgage-backed securities (MBS), and strategic acquisitions and investments. The notes, which had an investment grade rating of BBB from Egan-Jones Ratings Co. ,

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Investing Real Estate Lending Investors 441

Housing Wire

MARCH 14, 2024

California mortgage tech firm Blend Labs narrowed its loss in 2023 by expanding its consumer banking footprint and growing its mortgage consumer base. And it added two new top 100 financial institutions by retail customer base to grow its mortgage customer base. million in 2023, down from a non-GAAP net loss of $182.2

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Retail Mortgage Business Finance 448

Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

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Appraisal Buzz

JUNE 11, 2024

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. Thompson. “I

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Housing Wire

SEPTEMBER 17, 2024

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.

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Finance Investors Business Design 427

Housing Wire

FEBRUARY 1, 2024

The reverse mortgage industry often aims to position itself as offering products that can provide financial stability in case of market downturns or health issues, but Gen X is still years away from becoming the predominant demographic that can be served by the Federal Housing Administration ’s Home Equity Conversion Mortgage (HECM) program.

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Clients Mortgage Marketing 433

Housing Wire

NOVEMBER 5, 2024

FOA’s ratings remain supported by its established market position within the reverse mortgage sector and experienced senior management team.” But FOA, the reverse mortgage industry’s leading lender, still maintains a “weak liquidity profile” that constrains its ratings, Fitch added.

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Valuation Finance Mortgage Investing 365

Housing Wire

AUGUST 13, 2021

In February 2019, we wrote an article predicting this seismic shift, detailing how mortgage lenders could and should prepare to not only survive the shift but thrive in the future digital age. They don’t think, “I’m going to fill out a digital mortgage application or I’m going online to do my mortgage application.”

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Loan Officers Real Estate Agent Modernization Technology 476

Housing Wire

JULY 3, 2024

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.

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Retail Finance Design Mortgage 345

Housing Wire

JULY 10, 2024

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.

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Finance Mortgage Design Marketing 447

Housing Wire

NOVEMBER 18, 2021

Mat Ishbia, president and CEO of United Wholesale Mortgage. The transaction also puts the company closer to the S&P 500 index, which requires a 10% public float level, among other rules, such as having a market capitalization of at least $11.8 billion in residential mortgage loans, an increase of 34% year-over-year.

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Investors Retail Mortgage Valuation 367

Appraisal Buzz

AUGUST 22, 2024

The Federal Housing Finance Agency (FHFA) has issued a proposed rule that would establish the housing goals for 2025-2027 that Fannie Mae and Freddie Mac (the GSEs) would be required to meet on an annual basis. FHFA is requesting comments on all aspects of the proposed rule during the 60-day public comment period.

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Finance Mortgage Housing Market Marketing 221

Housing Wire

JUNE 28, 2024

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.

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Training Technology Human Resources Business 395

Appraisal Today

NOVEMBER 1, 2024

FHFA’s Appraisal Waivers Expansion The Great Debate on Appraisal Fees Updated UAD redesign timeline with specific implementation dates Mortgage applications decreased 0.1 FHFA’s Appraisal Waivers Expansion The Great Debate on Appraisal Fees Updated UAD redesign timeline with specific implementation dates Mortgage applications decreased 0.1

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Appraisal Training Contracts Mortgage 86

D Fritz Appraisals

JUNE 28, 2022

What do Experts Think the Victoria, BC Housing Market Will Look Like by 2027? The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. Now, many people are asking when the market will correct itself.

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Real Estate Marketing Inventory Housing Market 110

Raleigh Realty

JULY 20, 2022

Let’s see how the cost of living in Raleigh compares to national data: Raleigh National Average Annual income $40,520 per person* $35,384 per person* Rent $1,175* $1,096* Mortgage payment $1,532 * $1,621* Natural gas (Therm) $1.23 $1.57 Rent in Raleigh is about 7 more than the national median and monthly mortgage payments are about 5.6

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Transportation Property Taxes Realty Insurance 113

Houston Properties

MARCH 23, 2022

Fixed-rate mortgages are paid back in “cheaper dollars”. Benefit #2: Fixed Rate Mortgages Paid Back in “Cheaper Dollars”. 2027 (5 years). Benefit #2: Fixed Rate Mortgages Paid Back in “Cheaper Dollars”. Anyone with large, fixed-rate debts like mortgages benefit from higher inflation. Inflation Explained.

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Real Estate Real Estate Agent Realtors Agents 36

Will Springer Realtor

MAY 9, 2023

The $180B kitchen and bath market is leading the home-improvement charge and, despite economic headwinds for many households, industry experts see no end in this modernization movement. Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%.

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Real Estate Modernization Construction Supply Chain 36

Housing Wire

JUNE 24, 2024

The announcement comes as high mortgage rates and a lack of supply have created affordability challenges. ” The Treasury is allocating $100 million by 2027 to finance affordable housing in a new program administered by the Community Development Financial Institutions (CDFI) Fund. The Biden administration, through the U.S.

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Law Finance Construction Government 393

Housing Wire

NOVEMBER 25, 2024

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). And Fannie Mae “will focus on enabling rural Community Development Financial Institutions to access secondary markets,” the FHFA explained.

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Development Government Finance Design 448

Housing Wire

DECEMBER 20, 2024

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.

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Finance Law Design Government 503

Housing Wire

OCTOBER 29, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) announced this week that nearly all of the holders of outstanding senior notes that were set to mature in 2025 will participate in a new bond exchange offer that was first announced in June and amended last month.

Finance 475

Finance Mortgage Business Marketing 475

Appraisal Buzz

NOVEMBER 25, 2024

Fannie Mae and Freddie Mac have announced they will extend housing access in rural underserved markets, enhance their support for manufactured housing, and continue to address liquidity needs for first-time homebuyers, among a host of activities outlined in plans published by the Federal Housing Finance Agency (FHFA).

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Appraisal Buzz

JANUARY 2, 2025

The benchmark level or real market level of loans for each category shown in the table below must be met by the Enterprises in order to accomplish the single-family housing goals. Using data from the Home Mortgage Disclosure Act (HMDA), the real market level is calculated retroactively for the year.

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Finance Law Marketing Mortgage 379

Housing Wire

DECEMBER 13, 2024

But with Republicans remaining in control of the chamber through at least early 2027, he is expected to be easily confirmed. Before Hill can actually take the committees gavel, his nomination will need to be approved by the full House. He founded Delta Trust & Banking Corp. prior to entering politics.

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Design Insurance Real Estate Mortgage 360

Housing Wire

DECEMBER 6, 2024

a September CHLA Roundtable, former FHFA Director Mark Calabria said that there is maybe a 70% chance this will be accomplished by 2027, adding that You can get them out. The GSEs have been engaging in credit risk transfers, which both shift credit risk to other players and foster market discipline. Its all feasible, doable.

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Insurance Mortgage Government Lending 536

Housing Wire

JANUARY 3, 2025

In addition, under a separate side letter from FHFA to Treasury, FHFA will solicit public input, before releasing a GSE from conservatorship, regarding the potential impacts on the housing market and the GSEs. It will seek input on the potential impacts of each option on the housing market and on the GSEs.

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Government Housing Market Design Marketing 512

Housing Wire

NOVEMBER 22, 2024

As the rest of the country waits, debates, and predicts an economic recession, the United States housing market has been languishing in a historic one for nearly 3 years. Economists and market participants love airplane analogies (soft landing, no landing) so I’ll dust off my epaulets and declare the state of housing a “crash landing.”

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Marketing Investors Investing Housing Market 468