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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Government Housing Market Design Mortgage 462

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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Investing Mortgage Lending Loan Officers 433

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. At the time, I cared about one of these things.

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Investing Marketing Mortgage Modernization 370

Appraisal Buzz

JUNE 11, 2024

The Federal Housing Finance Agency (FHFA) is seeking public feedback on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2025, to December 31, 2027.

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Marketing Finance Appraisal Mortgage 369

Housing Wire

JUNE 11, 2024

Between now and the end of 2027, I think most market participants expect conditions to improve.” The new notes are guaranteed by, among other things, $60 million in nonagency mortgage servicing rights (MSR) and a securities account holding of $100.6 due in 2025 for newly senior secured notes due on Nov.

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Mortgage Real Estate Investors Finance 484

Housing Wire

JUNE 20, 2024

A loanDepot subsidiary, LD Holdings Group LLC, will exchange its outstanding senior notes due in 2025, paying 6.5%, for senior secured notes due in 2027, paying 8.75%, according to an 8-K filing sent Thursday to the Securities and Exchange Commission (SEC). California-based loanDepot has concluded the transaction to extend $497.7

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Investing Lending Investors Mortgage 448

Appraisal Buzz

NOVEMBER 25, 2024

The GSEs’ 2025-2027 Duty to Serve (DTS) Underserved Markets Plans seek to improve access to mortgage liquidity across three underserved housing markets: manufactured housing, affordable housing preservation, and rural housing. The goal is to advance equitable housing access in markets and communities facing persistent challenges.

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Finance Government Housing Market Development 397

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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Marketing Finance Investing Government 442

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.

Investing 446

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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. Jacob is not alone in seeing the potential upside for crypto-mortgages and AI-enabled traditional loans.

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Mortgage Technology Investing Investors 476

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.

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Investing Real Estate Lending Investors 442

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

Appraisal Buzz

JUNE 3, 2021

Bank of America and the Neighborhood Assistance Corporation of America (NACA) this week announced the expansion of their national affordable homeownership mortgage program, with a goal of providing $15 billion in mortgages to low-to-moderate income homebuyers through May 2027.

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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

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 Mortgage 428

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 366

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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Land Lease Law Finance Government 459

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.

Finance 390

Finance Real Property Design Lending 390

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 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.

Finance 447

Finance Mortgage Design Marketing 447

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

NOVEMBER 18, 2021

Mat Ishbia, president and CEO of United Wholesale Mortgage. billion in residential mortgage loans, an increase of 34% year-over-year. On Monday, UWM announced plans to borrow $500 million through notes that come due in 2027, at a 5.75% interest rate. During the first three quarters of 2021, UWM reported $1.33

Investors 367

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 Buzz

MARCH 31, 2025

trillion across nearly 10 million clients, or one in every six mortgages in America. Servicing is a critical pillar of homeownershipalongside home search and mortgage origination, said Varun Krishna , Rocket CEO. Highlights of the Transaction Rocket Mortgage has ranked number one in J.D.

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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 Retirement: May 3, 2027 Shorter list 2024 Appraisers go mobile. 2027 & beyond New UAD fully required. Mandate: November 2, 2026 UAD 2.6

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Appraisal Training Contracts Mortgage 86

Mortgagebroker News

OCTOBER 6, 2023

The impact of renewals could amount to as much as $34 billion by 2027, new report says

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Mortgage 44

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

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%. It’s a dynamic not often seen in our area and it – along with stubbornly high mortgage interest rates – has generated a rollercoaster ride of data that would make Six Flags jealous.

Real Estate 36

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 394

D Fritz Appraisals

JUNE 28, 2022

What do Experts Think the Victoria, BC Housing Market Will Look Like by 2027? This significant increase came about due to the unprecedented combination of: All time low mortgage rates. This significant increase came about due to the unprecedented combination of: All time low mortgage rates. Higher disposable household income .

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Real Estate Marketing Inventory Housing Market 110

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). The DTS plans aim to address a lack of liquidity across manufactured housing, affordable housing preservation and rural housing.

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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

Housing Wire

OCTOBER 25, 2024

Clients who wish to use ICE Mortgage Technology ‘s legacy Software Development Kit (SDK) technology on Encompass will be afforded a six-month grace period from the original Oct. The revised timeline calls for a full sunsetting by April 30, 2027. 31, 2025, transition deadline to the API-based platform before being charged.

Architecture 459

Architecture Modernization Technology Clients 459

Housing Wire

OCTOBER 24, 2024

Onity Group , the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage , announced this week that it will offer $500 million in senior notes due in 2029. The news of the note sale follows another recent development in which Onity reached a $55 million deal to acquire the assets of Mortgage Assets Management (MAM).

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Investors Mortgage Development 435