Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

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Housing Wire

NOVEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) on Monday unveiled its three-year plan for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to improve housing opportunities in underserved areas. The DTS plans aim to address a lack of liquidity across manufactured housing, affordable housing preservation and rural housing.

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Housing Wire

AUGUST 6, 2024

A policy designed for lenders to review and respond to borrower-initiated reconsideration of value (ROV) requests for appraisals — originally scheduled to be implemented between Aug. 29 and Sept. 2 — has been pushed back to Oct. The policy — announced in May by the U.S.

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Housing Wire

JULY 31, 2024

Department of Housing and Urban Development (HUD) visited the University of Alaska at Fairbanks to tout the possibilities that 3D printing technology could bring to the construction of affordable housing in the U.S. Beyond HUD, the university and the city of Nome, other partners include the Alaska Housing Finance Corp. ,

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Housing Wire

MARCH 5, 2024

Department of the Treasury on Tuesday announced a series of new initiatives designed to increase the supply of affordable housing across the country. The third provision is an extension of the support from the Federal Financing Bank (FFB) for “a risk-sharing initiative between the U.S. There are three core provisions of the plan.

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Housing Wire

APRIL 24, 2024

“With its proven ability to develop cutting-edge technological solutions to streamline the HELOC lending process, Figure has cemented itself as one of the most exciting companies in fintech ,” Tannenbaum said in a statement. “I

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Housing Wire

AUGUST 28, 2024

Alyssa Weakley — a clinical neuropsychologist, researcher and a caregiver to an older adult — has assisted in the creation of a technology platform that is designed to more easily connect older adults with their family members and caregivers to better support aging-in-place goals. There are six core functions that it relies upon.

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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

JUNE 1, 2023

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” And the design and development of the models and algorithms can reflect the biases and blind spots of the developers.”

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Housing Wire

NOVEMBER 15, 2024

The promotion applies to select homes in various housing developments across multiple cities. Magnolia Ridge, one of the participating housing developments in the Greater Houston deal, is offering $7,500 to $7,500 off select homes , with a few of the homes seeing prices drop from $289,200 to $244,990 and $248,590 to $239,990.

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Housing Wire

APRIL 12, 2022

To help the lowest-income families, who increasingly can’t find affordable housing in today’s market, federal, state, and local governments devote considerable resources to subsidize the development of affordable housing with below market rents. This creates a disjointed system where policies overlap and can be redundant.

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Housing Wire

JULY 12, 2023

United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners. The programs are key to the GSEs’ equitable housing finance plans.

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Housing Wire

JULY 3, 2024

Department of Housing and Urban Development (HUD) on Wednesday announced that it has released five new language translations for 19 separate single-family mortgage documents used for Federal Housing Administration (FHA)-insured mortgage servicing.

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Housing Wire

JUNE 17, 2024

Department of Housing and Urban Development (HUD) announced Monday the availability of $10 million in new grants to be distributed to 23 HUD-approved counseling agencies nationwide, which will help the department boost homeownership rates within historically underserved communities.

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Housing Wire

JANUARY 24, 2024

Freddie Mac updated its single-family social bond framework which includes refinements to its mortgage-backed securities (MBS) disclosures, “designed to further support underserved borrowers’ access to credit and affordable housing as part of the company’s mission and goals,” the announcement said. housing.”

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Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). The prefabricated units, which span 361 square feet, are designed to reduce construction costs and minimize environmental impacts.

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Housing Wire

JANUARY 10, 2024

Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development. That also extends to internal educational development to inform more people at the bank about reverse mortgages, he said. “In

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Housing Wire

JULY 17, 2024

Finance of America brand consolidation When Finance of America announced its intention to acquire then-industry leader American Advisors Group (AAG), the reverse mortgage industry initially reacted with cautious optimism. So far this year, two lenders have made eye-opening moves in their approaches to reverse mortgage messaging.

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Housing Wire

JULY 26, 2023

Department of Housing and Urban Development (HUD) this week announced a new notice of funding opportunity (NOFO) to examine the intricacies of converting office space into residential living units. I have a name for the buildup of that stuff,” said Phil Wharton, a New York-based developer to the Times. “I I call it the kludge.”

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Housing Wire

JUNE 30, 2023

The review schedule and loan threshold changes are designed to “simplify underwriting for multifamily housing development without presenting undue risk to FHA,” the agency said, and to allow for regular adjustments in response to market changes. “We

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Housing Wire

JUNE 28, 2024

After initially announcing the development of a new Home Equity Conversion Mortgage (HECM)-backed Securities ( HMBS ) program in January, government-owned company Ginnie Mae — which oversees the government’s mortgage-backed securities (MBS) portfolio — released a highly anticipated term sheet this week for what is being referred to as “HMBS 2.0.”

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Housing Wire

NOVEMBER 21, 2022

In particular, we highlight the partnership between CoreLogic, the Mortgage Bankers Association (MBA), the state housing finance agencies of Tennessee and Ohio, municipal housing leaders and other local stakeholders who are also committed to solving this challenge at the “grass-roots” level. and Columbus, Ohio.

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Housing Wire

NOVEMBER 6, 2023

However, data from the interviews showed adoption rates appear lower among smaller and mission-oriented lenders, such as minority depository institutions (MDIs) and community development financial institutions (CDFIs).

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Housing Wire

FEBRUARY 22, 2022

Federal finance and housing regulators today issued a statement to assure lenders they are on the same page when it comes to special purpose credit programs. Lenders are left to their own devices to design the programs, based on guidelines from the CFPB, and hope they get it right.

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Housing Wire

MAY 15, 2024

The plan makes four key recommendations, one of which is the development of a new liquidity facility for Ginnie Mae issuers that would “facilitate servicer advances/pool buyouts,” the plan explained. CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

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Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. But in the wake of HUD’s announcement, some lenders have, privately, grumbled that there are not sufficient incentives to develop the programs.

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Housing Wire

JUNE 3, 2024

This is designed to keep user engaged on brokerage sites, foster trust and enhance their overall experience. The core skills of Roof AI revolve around functions such as searching for properties, finding an agent and starting the mortgage financing process. “We Michel Moubarak, vice president of growth at Roof AI, told HousingWire.

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Housing Wire

OCTOBER 23, 2024

Chicago-based Rate was the eighth-largest mortgage lender in the country during the first half of 2024, according to estimates from Inside Mortgage Finance. AI is not just a trend — it’s reshaping the landscape of every industry, including home financing. But to be clear, we have been out in front of this for a few years.

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Housing Wire

AUGUST 28, 2023

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. The CDFI certification is a designation given by the U.S. At least 60% of a lender’s financing must target low- and moderate-income borrowers or customers in underserved communities.

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Housing Wire

FEBRUARY 8, 2024

This is according to Steve Resch, vice president of retirement strategies at Finance of America Reverse (FAR), in a new column published by The Street. “[C]omparing He has also advocated for the industry to develop firmer ties with financial planners as referral partners. “I

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Housing Wire

JUNE 22, 2023

These funds can be utilized to consolidate debts or finance home improvement projects. “Everything about the TLS HELOC is designed to provide the smoothest borrower experience possible, such that our broker partners will remain top of mind with the customers they serve.” The Loan Store, Inc.

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Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

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Housing Wire

JANUARY 7, 2021

Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. Acra designed the program as an extension to its suite of programs for purchase or refinance of higher valued properties.

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Housing Wire

MARCH 17, 2023

Future development projects will follow this collaborative approach with our clients and strategic partners. The firm’s automated underwriting tech is designed to augment human underwriters’ capabilities, allowing underwriters to handle more loans. In August 2021, Candor raised $12.5

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Housing Wire

JANUARY 8, 2021

1, he served as the assistant secretary of policy development and research for the U.S. Department of Housing and Urban Development and as the principal executive vice president of Ginnie Mae. USB drive developed from standards organizations. Before starting as president of MISMO on Dec. Telecommunication, same thing.

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Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. It would be a disaster for FHA and VA homebuyers,” Evan Potter, branch production manager at Revolution Mortgage.

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Housing Wire

MAY 14, 2024

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem.

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