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

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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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 461

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 376

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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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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Investing Lending Finance Business 341

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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Mortgage Appraisal 195

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 381

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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Appraisal Buzz

NOVEMBER 25, 2024

Their 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 post FHFA Unveils Plans to Boost Underserved Markets first appeared on The MortgagePoint.

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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.

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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.

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Investing Real Estate Lending Investors 329

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

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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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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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 257

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 289

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 350

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

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

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Investors Retail Mortgage Valuation 261

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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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 293

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 45

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

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 83

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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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.

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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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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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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. Banks have broadly retreated from portfolio mortgage lending since 2008 and the private label securitization (PLS) market for single family loans is moribund.

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Insurance Mortgage Government Lending 424

Housing Wire

NOVEMBER 22, 2024

As an owner of a mortgage company and a 20-year housing veteran, I can tell you there is no shortage of people who want to buy just as there is no shortage of builders who want to build. Currently, there is very little “yield” on mortgage rates. The United States prime mortgage offerings have no prepayment penalty to the consumer.

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Marketing Investors Investing Housing Market 439

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 224

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 380

Finance Mortgage Business Marketing 380

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.

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Architecture Modernization Technology Clients 375

Housing Wire

SEPTEMBER 17, 2024

“But by [2027] I would say there’s maybe 70% chance. Despite what maybe some people in capital markets may believe, there’s no guarantee in conservatorship; there’s no guarantee out of conservatorship.” ” The chances of the agencies going private in 2025 is “zero,” Calabria said.

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Legal Government Finance Insurance 416

Will Springer Realtor

MARCH 11, 2024

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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Insurance Sellers Real Estate Buyers 36