Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” To get a better idea of the potential impact that HMBS 2.0

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Housing Wire

JANUARY 18, 2024

Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of a new Home Equity Conversion Mortgage (HECM)-backed Security (HMBS) product. That’s all it says.”

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Housing Wire

DECEMBER 18, 2024

Government-owned company Ginnie Mae , which oversees the secondary mortgage market and provides a guarantee for a large segment of home loans, released a fiscal year 2024 financial report this week that shows positive results. Government. governments balance sheet and, by extension, U.S. This performance generated $3.1

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Housing Wire

MARCH 4, 2025

In the meantime, states, RON providers and those putting the technology to use have stepped up to create a well-functioning status quo in the absence of federal guidelines, according to William Kooper, vice president of state government affairs and regulatory policy with the Mortgage Bankers Association (MBA). The two are very similar.

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Housing Wire

SEPTEMBER 15, 2023

government is seeking to sell $13 billion worth of mortgage bonds amassed after the failures of both Silicon Valley Bank (SVB) and Signature Bank earlier this year. The bonds are secured by “long-term, low-rate” loans made primarily to developers of low-income multifamily apartment complexes.

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Housing Wire

OCTOBER 21, 2024

Department of Housing and Urban Development (HUD) in July—filed a lawsuit against the lender, appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group , and the appraisal management company Solidifi U.S. . And the Detroit-based lender believes it’s a “massive overreach.” ” On Monday, the U.S.

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Appraisal Reconsideration of Value Law Valuation 511

Housing Wire

FEBRUARY 26, 2025

They discovered a high level of government involvement and a host of industry participants eager to chat with their professional counterparts from thousands of miles away. government involvement The NRMLA Annual Meeting in September 2024 featured several guests from the federal governments housing arm, the U.S.

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Appraisal Buzz

JANUARY 6, 2025

Department of Housing and Urban Development (HUD) granted $40 million in funding to 21 recipients to support housing stability and prevent evictions and homelessness. Diversion : increasing tenant access to, and participation in, non-adversarial resolutions outside the court system.

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Housing Wire

JULY 2, 2024

Over 20 years ago, the federal government established June as National Homeownership Month to celebrate the value of homeownership and its benefits, including enabling generational wealth and creating strong communities. Americans are growing weary of the lack of action from the federal government on housing.

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Housing Wire

MARCH 17, 2025

Builder survey index From the National Association of HomeBuilders (NAHB): Builders continue to face elevated building material costs that are exacerbated by tariff issues, as well as other supply-side challenges that include labor and lot shortages, said NAHB Chairman Buddy Hughes, a homebuilder and developer from Lexington, North Carolina.

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Mortgage Government Development Business 451

Housing Wire

JANUARY 16, 2025

On Twitter today, the Minneapolis Fed tweeted out a quote from one of their recent articles : “9th District apartment construction is expected to slow down soon as number of construction permits sought by developers fall. Twin Cities has seen the worst decline while some cities in Greater MN, MT, and SD fare better.”

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Mortgage Construction Marketing Government 511

Housing Wire

JUNE 10, 2024

metro areas that are embracing new development and “creating a more diverse and plentiful supply of homes.“ metro areas that are embracing new development and “creating a more diverse and plentiful supply of homes.“ The report noted that the city revised an ordinance in 2021 to encourage the development of affordable housing.

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Housing Wire

JANUARY 13, 2025

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. Department of Housing and Urban Development (HUD).

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Appraisal Buzz

FEBRUARY 11, 2025

While the Government MCAI climbed by 1%, the Conventional MCAI increased by 3.8%. All other subindexes saw increases in January, a positive development for the spring homebuying season, if these trends continue. Key Highlights Conventional, Government, Conforming & Jumbo Indices In January, the MCAI increased by 2.5%

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Mortgage Government Lending Technology 259

Housing Wire

OCTOBER 31, 2024

Ginnie Mae acting president Sam Valverde has been operating in his current position at the government-owned company for much of 2024. He is overseeing the sizable government portfolio of mortgage-backed securities (MBS) while navigating the company’s stated need for more budgetary resources.

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Government Finance Mortgage Development 447

Appraisal Buzz

OCTOBER 11, 2024

Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Ginnie Mae and the U.S.

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Housing Wire

MARCH 20, 2025

Partnering with all stakeholders, inclusive of insurance providers, government agencies and community organizations, accelerates the process and smoothes out the customer experience. David Solomon is Senior Director of Business Development and delivery at Newbold Advisors, where he leads the Servicing, Secondary and Capital Markets Practice.

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Appraisal Buzz

FEBRUARY 26, 2025

The industry is also divided on how rising housing material prices will affect new developments. Instead, they expect mixed-use properties to dominate the market, with 68% of respondents forecasting that these developments will gain the most traction this year. The post Whats Ahead in Commercial Real Estate Trends?

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Housing Wire

MARCH 6, 2025

We are deeply grateful for Franks steadfast leadership over the past three years and during this transition, Pam Patenaude, a board member who chairs the nominating and corporate governance committee, said in a statement. Editor’s note: This is a developing story and will be updated as more information becomes available.

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Appraisal Buzz

NOVEMBER 14, 2024

Another obvious point of contention between the two groups that frequently arises at local government meetings is that nearly two-thirds of renters (63%) say they would support changes to local zoning codes or regulations to allow more housing development, compared to just 37% of homeowners.

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Housing Wire

MARCH 7, 2025

Department of Housing and Urban Development (HUD) is considering employing cryptocurrency and blockchain technology to monitor the employment of agency grants, which some staffers believe could be a trial run for wider deployment of the technology across the federal government.

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Appraisal Buzz

OCTOBER 29, 2024

The Asian Americans for Equality (AAFE) community development organization also supports ADU renovations through its Landlord Repair Fund, helping to bring non-compliant ADUs up to code and ensure safety for residents. These apartments provide affordable housing options in high-density areas where space is limited.

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Housing Wire

AUGUST 15, 2024

government, working on behalf of Ginnie Mae and the U.S. Department of Housing and Urban Development (HUD), last week filed a slew of new documents in their court case against Texas Capital Bank (TCB). The second filing is a memorandum from Ginnie Mae that reiterates several arguments the government has made against TCB.

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Housing Wire

DECEMBER 5, 2024

Department of Housing and Urban Development (HUD), alleging the agency is “unfairly” holding the company accountable for the actions of an independent appraiser in a 2021 case. Rocket Mortgage , the third-largest U.S. mortgage lender, is suing the U.S. The lawsuit was filed Wednesday in U.S District Court in Colorado.

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Housing Wire

FEBRUARY 11, 2025

The index for government loans rose by 100 bps. All other subindexes saw increases in January, a positive development for the spring homebuying season, if these trends continue,” Kan said. Conventional loans led January’s credit availability increase, following a similar trend from January 2024.

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Mortgage Government Technology Development 274

Housing Wire

MAY 15, 2024

The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans. This undermines Ginnie Mae’s ability to run a market-driven program.” This recommendation is based on two other ideas.

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Housing Wire

JULY 12, 2024

Department of Housing and Urban Development (HUD) underwriting requirements in connection with the underwriting of approximately 1,500 [HECMs],” they explained. But by failing to develop causation evidence, the DOJ is now limited to seeking only civil penalties against Nutter. 9 — the defense is encouraged by this development.

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Government Insurance Development Law 446

Housing Wire

MAY 30, 2024

Sam Valverde Speaking to attendees during a keynote speech, Valverde said that the government-owned company had “a reputation of being less than transparent,” according to the reporting, and wanted to “sensitize” the reverse mortgage market to its plans for the new product. The announcement was reportedly met with applause from attendees.

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Appraisal Buzz

NOVEMBER 26, 2024

Regulatory Developments: Key updates on policy changes and new regulations affecting industry compliance and operations. Dr. Conerly’s analysis included interest rates, inflation, and the Federal Reserve’s strategic direction, with insights into consumer behavior, government spending, and construction.

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Appraisal Buzz

MARCH 5, 2025

Each offers their opinions on recent government and policy shifts, ways in which they will impact the real estate market, and how shifting economic conditions and new regulatory developments could affect U.S. Q: With the most recent changes surrounding the CFPB, what are some pros and cons to a change in governance?

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Housing Wire

JANUARY 31, 2025

Evergreen said in its announcement that it has been “laying the groundwork for Southeast expansion by developing and strengthening key new business segments, including builder partnerships, affinity partnerships, and real estate agent partnerships.” billion in the past 12 months.

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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). Local governments are uniquely positioned to help residents through the daunting process of building an ADU.

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Appraisal Buzz

OCTOBER 23, 2024

According to the survey’s findings, more local community developers who buy at auction see the state of the market as a disadvantage rather than an advantage. The survey was conducted between Sept. 25 and 27 and received responses from more than 140 people who have purchased properties on Auction.com.

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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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Government Finance Renovations Design 529

Housing Wire

AUGUST 6, 2024

Attorneys for Ginnie Mae have responded to Texas Capital Bank (TBC) over the government’s motion to move the case to a different venue. They say that the bank’s own filing on the matter avoids the key issues that the government sought to raise regarding the original clause that specifies where any related legal actions should take place.

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Government Mortgage Contracts Legal 459

Housing Wire

DECEMBER 20, 2024

Department of Housing and Urban Development (HUD) and the FHA reported a solid year of financial performance for the MMI. Despite that fact, you’ve got Americans with 50% equity paying insurance when there is no actual risk of financial loss. This has never made sense to me. In November, the U.S. As of Sept. from 2023.

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Appraisal Buzz

FEBRUARY 11, 2025

Credit availability for conventional loans increased 3.8%, compared with December, while credit for government-backed mortgages increased 1.0%. All other subindexes saw increases in January, a positive development for the spring homebuying season, if these trends continue.

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Mortgage Government Lending Technology 221