Housing Wire

AUGUST 13, 2024

Influential housing nonprofit Enterprise Community Partners this week submitted a comment letter to the Federal Housing Finance Agency (FHFA) regarding the Duty to Serve (DTS) plans submitted by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

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Housing Wire

NOVEMBER 10, 2020

The Federal Housing Finance Agency announced Tuesday the validation and approval of the Classic FICO credit score model for Fannie Mae and Freddie Mac. The post FHFA approves Classic FICO for Fannie Mae, Freddie Mac appeared first on HousingWire.

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Housing Wire

SEPTEMBER 5, 2024

The report calls on more states and cities to pass “source of income” or “source of financing” anti-discrimination statutes and enforce them to protect homebuyers. The CFA also called on real estate associations to better educate agents on sources of financing discrimination and how to successfully work with FHA buyers. of the U.S.

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Housing Wire

OCTOBER 2, 2024

Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. David Berenbaum The modernization rule, he said, is simple in that it seeks to meet consumers where they are.

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Appraisal Buzz

NOVEMBER 18, 2024

This is a hangover from the favorable financing conditions of 2021/2022. Concentrated Development: Many developers flocked to the same areas, leading to localized oversupply. The Developer’s Dilemma To illustrate the current challenges, let’s consider a hypothetical developer, Dave.

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Housing Wire

APRIL 30, 2024

One of our key initiatives has been to revitalize The Money Store brand, giving it a fresh, modern appeal. Furthermore, we’re actively developing new email campaigns to engage with prospects, past clients, and business partners, ensuring we stay top of mind.

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Housing Wire

JUNE 25, 2024

He will manage the strategic direction of the firm’s accounting and finance departments by developing policies, procedures and financial controls; ensure the accuracy of internal and external reporting; identify investment opportunities; and secure funding. Peterson will be responsible for the company’s overall financial operations.

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Housing Wire

AUGUST 25, 2021

Fortunately, MISMO , the real estate finance industry’s standards organization , is here to help market participants navigate any uptick in PLS activity from a data perspective. Without such standards, there will be a substantial bottleneck as each transaction will require 100 percent due diligence and manual processes. .

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Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. This interview has been edited for length and clarity. It’s moving so much faster than ever before.

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Appraisal Buzz

NOVEMBER 3, 2021

The Collateral Risk Network (CRN) announced today its formal endorsement of the gross living area measuring standard developed by the National Association of Home Builders (NAHB). As the appraisal process is undergoing major shifts towards modernization and new levels of automation, this void was ripe for a solution.

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Housing Wire

SEPTEMBER 16, 2022

Host Phil Treadwell and industry experts share their experiences and advice on how to build more modern and relevant business. This podcast not only includes episodes geared specifically toward mortgage professionals, but also features content on personal finance, career advice, sales training, business mentorship and more.

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Housing Wire

JUNE 3, 2024

This integration enhances user interactions to provide the personalized, conversational experience that modern consumers expect, according to Dean Rouso, senior vice president of strategic innovation at Baird & Warner , a Roof AI client. Michel Moubarak, vice president of growth at Roof AI, told HousingWire.

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Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes. Category 1 is a different beast. Like the Roman god Janus, it has two faces.

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Appraisal Buzz

DECEMBER 30, 2024

Rural Americans face unique challenges when it comes to homeownership, with limited access to small mortgages and financing options significantly impeding progress. Owner-occupied homes in rural areas are twice as likely as urban homes to fall short of the Department of Housing and Urban Developments housing adequacy standards.

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Housing Wire

JUNE 9, 2021

It extends to their checking and savings accounts, small business and community development debt and equity financing, bank branch locations, financial literacy, grantmaking and more. CRA drove the nation’s banks to innovate and break down barriers, and updates to modernize CRA must strengthen that bank commitment.

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Housing Wire

JULY 16, 2021

As Chief Operating Officer at First Guaranty Mortgage Corp , Sarah Gonzalez has modernized the FGMC brand, recruited top talent and implemented operational efficiencies that significantly reduce the cost per loan across all production channels. What is your company doing to develop the next generation of leaders?

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Housing Wire

MAY 20, 2024

“As the housing finance industry continues to evolve, we remain committed to using technology to support Issuers, borrowers, and the taxpayer.” “Elevated interest rates have been a challenge across financial markets, and the housing market is no exception.”

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Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. appeared on Appraisers Blogs.

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Housing Wire

OCTOBER 28, 2022

Speakers: Haley Parker, Area Business Development Manager, Fairway Independent Mortgage Corporation Arjun Dhingra, Sales and Business Development, All Western Mortgage Doug Wilber, CEO, Denim Social Chelsea Peitz, Founder, Chelsea Peitz Consulting. 06 Appraisal modernization: What’s the endgame? 02 Regulatory Super Session.

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Housing Wire

OCTOBER 3, 2024

ICE Mortgage Technology is continuing to accelerate the adoption of its more modern technologies by sunsetting older tech stacks. The news comes a few weeks after ICE announced that it would be sunsetting its legacy Encompass SDK platform and pushing clients and partners to Encompass Partner Connect and Encompass Developer Connect.

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Appraisal Buzz

SEPTEMBER 10, 2024

Sogorka will collaborate with Rocket’s technology and product development teams to ensure the experience Mortgage Brokers have in Rocket’s suite of comprehensive tools is unlike anything they’ve experienced before–bringing value to them and the clients they serve. His leadership helped drive a period of intense growth for the company.

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Appraisal Buzz

DECEMBER 27, 2021

The Federal Housing Finance Agency is making desktop appraisals an established option for originating enterprise loans. Pump-and-dump property financing could also become an issue. Thus, the FHFA will likely have to develop a set of best practices in the coming years to prevent these snags and protect you and lenders.

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Housing Wire

MAY 5, 2023

In addition, the bill would make permanent a USDA pilot program that provides mortgages to Native American communities through partnerships with community development financial institutions (CDFIs). The bill would also “modernize” the USDA’s foreclosure practices to better ensure affordability, the senators said.

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Appraisal Buzz

FEBRUARY 7, 2022

In turn, appraisers developed, supplemented, and maintained practices to ensure the data provided to the appraiser did not result in a misleading appraisal. Inspection relief was successful as lenders and appraisers developed appropriate processes. Lenders rely on regulation and policy.

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Housing Wire

FEBRUARY 19, 2021

Title insurance upstart States Title announced this week $150 million in debt financing from HSCM Bermuda , which will go towards developing a more modern home closing experience. The debt financing will go towards product development, investment in go-to-market growth, and the refinance of debt to Lennar Corp.,

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Housing Wire

FEBRUARY 10, 2022

This acquisition expands our footprint in the digital mortgage ecosystem, and we are thrilled to have them join us as we continue to develop innovative and streamlined technology solutions in the lending space.”. In January, the company also added a new director of business development. This is a developing story.

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Housing Wire

DECEMBER 15, 2021

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. HW: How is Finance of America Mortgage meeting borrowers’ unique financial needs?

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Housing Wire

JANUARY 31, 2024

Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG).

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Appraisal Buzz

JULY 2, 2024

His proven track record and strong strategic financial acumen will help guide our company as we continue to advance the modern mortgage. Peterson was previously EVP and CFO for National Response Corporation where he led global finance, human resources, and technology for the 2,000-employee public company.

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Housing Wire

SEPTEMBER 13, 2024

We are moving forward with our progress on the top goals in our Strategic Plan to modernize our education delivery and development of new materials and continue to modernize technology and offer the programs we’ve heard are most valuable for you. According to the group’s own statistics , 78% of U.S. identify as Black and 4.3%

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Housing Wire

JANUARY 27, 2022

million loan subsidy fund, and provide substantial support for community development corporations and community organizations based and working in Indianapolis’ Black neighborhoods. As part of the settlement, Old National agreed to open two branch offices in majority-Black census tracts, pay a $1.1

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Housing Wire

MAY 17, 2023

This bipartisan bill will modernize the Low-Income Housing Tax Credit and help expand our housing supply, strengthening communities and supporting economic development in Illinois and across the county.” LaHood in a statement.

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Appraisal Buzz

JUNE 18, 2024

And when rates are high, many borrowers put their home financing decisions on hold, and most lenders and servicers struggle to find new business—usually after they lay off staff, which doesn’t make the challenge any easier. Q: Is this really the time for lenders to invest in modern technology?

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Housing Wire

OCTOBER 25, 2024

These statistics highlight shifting preferences for modern consumers who rely on digital tools to make homebuying decisions.

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Housing Wire

NOVEMBER 7, 2024

Finance of America (FOA), the reverse mortgage industry’s leading lender, announced its third-quarter 2024 earnings results on Wednesday evening. It delivered adjusted net income of $15 million, or $0.67 She said that the July consolidation of the FAR and AAG brands has proven successful.

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Housing Wire

OCTOBER 1, 2022

The agreement with Lakeland announced today represents the Justice Department’s continued commitment to addressing modern-day redlining, and to ensuring that all Americans have equal opportunity to obtain credit, no matter their race or national origin.”. Attorney General Merrick Garland said in a statement. Presented by: FormFree.

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Housing Wire

JUNE 8, 2022

The Federal Housing Finance Agency (FHFA), under the leadership of Director Sandra Thompson, on Wednesday unveiled landmark equitable housing finance plans for Fannie Mae and Freddie Mac. A September 2021 request for input ahead of the equitable housing finance plans indicated the FHFA would implement the plans by January 1, 2022.

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