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California wildfire victims could have up to 12 months of mortgage forbearance

Housing Wire

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are aiming to remind homeowners and renters impacted by the ongoing wildfires in Los Angeles of various relief options. Foreclosure and other legal proceedings are also suspended while homeowners are on a forbearance plan, Freddie Mac explained.

Mortgage 397
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Government requests more time in Ginnie Mae/TCB lawsuit

Housing Wire

government have requested an extension of deadlines related to discovery in the case brought by Texas Capital Bank (TCB) against Ginnie Mae over the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), according to court documents reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

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Movement to pay $24M to settle underwriting government loans fraud case

Housing Wire

Attorney noted that we ‘took significant measures to stop the practices, both before and after being notified of the United States’ investigation,’ and that the settlement is ‘not an admission of any legal liability.’ Like its peers, Movement has the authority to originate and underwrite loans without first having the government review them.

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Opinion: 5 policy changes that can improve housing affordability

Housing Wire

Residential zoning laws are designed to promote orderly development, control traffic flow, and ensure that noise and activity levels are appropriate to each specific neighborhood. Decades ago, zoning laws were used to legally segregate local communities based on race. It’s basic math, but how we got to this point is more complex.

Law 492
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2025 Five Star Conference: Early-Bird Registration Now Open

Appraisal Buzz

Pricing is as follows: General Admission: $595 Five Star Institute Membership Groups*: $495 *FORCE pricing varies based on membership level Mortgage Lender/Mortgage Servicer/Government: $99 Must be an employee of institutions that own or control the oversight and regulation of or the lending and servicing of real estate mortgages.

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CFPB wants lenders to disclose reason for denial of credit

Housing Wire

The requirement also applies to mortgage lenders, legal experts say. The CFPB, a government watchdog agency, said lenders aren’t absolved from adverse action notice requirements under the Equal Credit Opportunity Act if they use complex algorithms, which Rohit Chopra, the director of the CFPB, has dubbed “black-box models.”.

Valuation 448
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Former Fannie Mae chief named as CEO of Silicon Valley Bank N.A.

Housing Wire

While the FDIC — an independent government agency that insures bank deposits and overseas financial institutions — declined to comment on Mayopoulos’ role, his career has been focused on financial and legal expertise. A bridge bank is a chartered national bank that operates under a board that is appointed by the FDIC.

Insurance 397