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Agencies aim to standardize ‘first-generation homebuyer mortgage’ definition

Housing Wire

But if a lender chooses to deliver a loan as a first-generation homebuyer mortgage, then each borrower involved in the loan will need to sign a new form, 1109, which confirms their eligibility under the new definition’s criteria, the bulletin stated.

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Ginnie Mae revises definition of high-balance loans in new guidance

Housing Wire

Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this week by the Federal Housing Finance Agency (FHFA), according to All Participants Memorandum (APM) 23-13.

Insurance 448
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TCPA modifications, set for today, struck down by appeals court

Housing Wire

In December 2023, the FCC revised the definition of prior express consent in its one-to-one rule, so that consent must be given to only one entity at a time, and that the subject matter of the calls must be logically and topically associated with the interaction that prompted the consent.

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A tame housing market & condo issues

Sacramento Appraisal Blog

We are definitely seeing signs of seasonality, but the market isn’t blazing hot either. That’s a good way to describe the spring season so far. Historically, the housing market really picks up in March, so let’s talk about that (and touch base on condos).

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Midwest, Northeast housing markets stay hot amid national cooldown

Housing Wire

I think that we’ve underbuilt for 13 years in this country and in this state, so definitely, new construction is in order, she said. That would definitely help with the sale pricing of new construction. I’m just concerned about the price of new construction when we rely so much on imported goods for building these homes.

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There Goes the Neighborhood.

Appraisal Buzz

In a recent selling guide announcement by Fannie Mae (November 6, 2024), it was mentioned that they had collaborated with Freddie Mac to update the standardized definitions for neighborhood and market area. The updated definitions are provided below, along with their corresponding definitions from the Appraisal Institute.

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Tennessee official, citing property tax relief, notes more interest in reverse mortgages

Housing Wire

I want to commend Mr. Batey for having the foresight and understanding that this is a wonderful program, and it is definitely a resource, Riddick said when reached by RMD. And that situation is not unlike countless others from coast to coast.