Housing Wire

JUNE 22, 2023

In addition, the groups “request transparency in the process of developing final guidelines for condo and housing cooperative lending requirements.” “Any In the letter , addressed to FHFA Director Sandra Thompson , the associations ask for “reasonable” building inspection requirements for aging infrastructure. the letter states.

Lending 332

Lending Development Inspection Realtors 332

Housing Wire

FEBRUARY 22, 2022

Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing. Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing.

Lending 314

Lending Development Finance Law 314

Housing Wire

OCTOBER 7, 2024

This approach integrates QC principles throughout the lending process, from application to servicing. This focus aligns with Fannie Mae’s QC requirements and reflects the growing importance of data in the lending process.

Lending 418

Lending Mortgage Training Technology 418

Housing Wire

AUGUST 18, 2023

Department of Housing and Urban Development (HUD) this week announced a package of regulatory and administrative waivers that will allow the use of HUD funding to assist with the recovery of Maui after the island endured a series of devastating wildfires. Most of the structures in the town were destroyed.

Government 332

Government Mortgage Tenants Development 332

Housing Wire

DECEMBER 14, 2021

The non-QM mortgage market, which encompasses most home loans not backed by a government-sponsored guarantee, is expected to reach the $25 billion mark this year in private-label securitization volume. . The post Automation is coming to non-QM lending appeared first on HousingWire.

Lending 329

Lending Technology Government Investors 329

Housing Wire

AUGUST 14, 2020

A former Quicken Loans executive, Booth has over 15 years of experience working in state and federal government bodies, focusing on transforming the mortgage industry through technology. Planet Home Lending has promoted four people to vice president positions, supporting the company’s continual growth.

Lending 289

Lending Retail Development Realty 289

Housing Wire

SEPTEMBER 29, 2020

They are specialists when it comes to buying and servicing government loans. But brand recognition doesn’t develop overnight. Be proactive now about balancing your lending diet, equipping your staff to handle a range of responsibilities and solidifying your brand’s presence in the marketplace. Tip #3: Start marketing now.

Lending 427

Lending Loan Officers Business Investors 427

Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program. 17, 2024.”

Lending 401

Lending Government Legal Law 401

Housing Wire

APRIL 20, 2022

A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. According to a report the Government Accountability Office published this week, the VA’s Native American Direct Loan program only resulted in 89 loans originated in the continental U.S.

Government 522

Government Lending Development Legal 522

Appraisal Buzz

SEPTEMBER 13, 2024

While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements. The Government MCAI remained steady, whereas the Conventional MCAI rose by 1.8%. While the Conventional MCAI looks at non-government loan programs, the Government MCAI looks into FHA, VA, and USDA loan programs.

Mortgage 414

Mortgage Government Lending Construction 414

Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system.

Land Lease 423

Land Lease Law Finance Government 423

Appraisal Buzz

OCTOBER 15, 2024

While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements. The Government MCAI grew by 0.8%, while the Conventional MCAI fell by 1.7%. While the Conventional MCAI looks at non-government loan programs, the Government MCAI looks into FHA, VA, and USDA loan programs.

Mortgage 387

Mortgage Government Lending Construction 387

Appraisal Buzz

AUGUST 8, 2024

While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements. While the Government MCAI fell by 0.1%, the Conventional MCAI climbed by 6.4%. While the Conventional MCAI looks at non-government loan programs, the Government MCAI looks into FHA, VA, and USDA loan programs.

Mortgage 396

Mortgage Government Lending Construction 396

Housing Wire

JANUARY 30, 2024

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 348

Investing Mortgage Lending Loan Officers 348

Appraisal Buzz

JULY 11, 2024

While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements. While the Government MCAI fell by 0.1%, the Conventional MCAI climbed by 2.0 While the Conventional MCAI looks at non-government loan programs, the Government MCAI looks into FHA, VA, and USDA loan programs.

Mortgage 397

Mortgage Government Lending Technology 397

Housing Wire

MARCH 31, 2022

Congress hopes to supplant the appraisal governing body at the center of the industry’s self-regulated framework and make public the trove of appraisal data held by the government-sponsored enterprises. That office would oversee fair lending supervision and examination procedures, as well as the consumer complaint process.

Appraisal 445

Appraisal Valuation Training Government 445

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.

Government 386

Government Development Law Lending 386

Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. How hybrid title and valuations help increase lending efficiency. Developers, lenders or local governments could compete for the funds through an application process.

Renovations 516

Renovations Development Investors Legal 516

Appraisal Buzz

JUNE 27, 2024

Still , Vice Chair, Pulte Financial Services Sheri Thompson , EVP, Head of Affordable Housing, Walker & Dunlop Eileen Tu , VP, Mortgage Policy and Credit Development, Rocket Mortgage John Wiechmann , President/CEO, Midwest Housing Equity Group Inc.

Development 395

Development Finance Tenants Lending 395

Housing Wire

AUGUST 30, 2021

million for redlining practices, according to the federal government. million to create a loan subsidy fund for residents of predominantly Black and Hispanic neighborhoods in the Houston area, $750,000 for development of community partnerships to provide services that increase access to residential mortgage credit in those neighborhoods.

Lending 403

Lending Loan Officers Advertising Development 403

Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair?

Technology 407

Technology Lending Government Legal 407

Housing Wire

MAY 11, 2021

A decline in the MCAI suggests that lending standards are tightening while a higher number suggests loosening credit standards. The MCAI on conventional loans increased 4.8%, while MCAI on government loans increased by 0.1%. last month.

Mortgage 514

Mortgage Lending Housing Market Government 514

Housing Wire

JUNE 9, 2021

Bank CRA obligations cover far more than their mortgage lending. 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. We recognize that a duty to serve applied to IMBs may require a flexible approach.

Lending 436

Lending Development Government Finance 436

Housing Wire

MARCH 29, 2022

To minimize the pain, legacy loan manufacturing processes typically collect only as many months of asset statements as are required by investors — often just two months for conventional and government loans. Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), U.S. Drop me a note brian@formfree.com.

Lending 294

Lending Modernization Construction Government 294

Housing Wire

JANUARY 17, 2024

He left for Freddie Mac in 1995, where he was senior vice president of single family lending and led product development, credit risk and contract negotiations for all single family businesses. He left government service and became president of the Mortgage Bankers Association.

Finance 482

Finance Loan Officers Real Estate Development 482

Housing Wire

JULY 19, 2022

The Department of Housing and Urban Development said it is “looking very hard” at how to make it easier to finance small-dollar mortgages, but has yet to spell out how it will accomplish that goal. Freddie Mac and Fannie Mae give [lenders] a little bump on their origination fee to encourage small-dollar lending,” said Loftin.

Mortgage 389

Mortgage Finance Lending Development 389

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).

Government 529

Government Finance Renovations Design 529

Appraisal Buzz

AUGUST 14, 2024

M&T Bank Head of Affordable Housing Lending Lopa Kolluri M&T Bank has announced that it has appointed Lopa Kolluri as Head of Affordable Housing Lending. In this new role, Kolluri is responsible for the development, oversight, and day-to-day management of the Affordable Housing vertical within M&T’s Commercial Bank.

Lending 221

Lending Clients Development Real Estate 221

Housing Wire

APRIL 28, 2023

Jakes, a prominent Black minister who leads a Dallas-based megachurch, will focus on initiatives including affordable housing, small business development and financial education. The partnership represents Wells Fargo’s largest minority home lending and development initiative to date. The partnership with T.D.

Lending 401

Lending Retail Development Investing 401

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. AFR offers agency, nonagency and government lending products.

Lending 358

Lending Renovations Construction Finance 358

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.

Government 395

Government Mortgage Contracts Legal 395

Housing Wire

JANUARY 23, 2024

Consolidated Analytics serves clients in financial services, mortgage lending, servicing and capital markets, including banks, government-sponsored enterprises (GSEs) and originators.

Valuation 435

Valuation Market Value Clients Technology 435

Housing Wire

AUGUST 19, 2021

A new agreement between the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) could heighten scrutiny of whether the government sponsored entities’ underwriting engines do enough to further fair housing. It specifically highlights the GSE underwriting and appraisal policies.

Law 434

Law Government Lending Finance 434

Housing Wire

OCTOBER 4, 2022

The Department of Housing and Urban Development (HUD) back in April said it would be taking a hard look at small balance mortgages, which typically have balances less than $200,000 and are hard to find. Notably, denial rates for small-dollar mortgage loans are higher than for larger loans in both government and conventional channels.

Mortgage 356

Mortgage Government Lending Finance 356

Housing Wire

JUNE 17, 2024

Department of Housing and Urban Development (HUD) submitted a motion to change the court venue where a case with Texas Capital Bank (TCB) is taking place, arguing that a contract clause has been violated by TCB’s choice to file the case in Amarillo, Texas, as opposed to Dallas. The government made the filing Saturday, June 15.

Government 372

Government Mortgage Law Contracts 372

Housing Wire

APRIL 19, 2022

Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. The Department of Housing and Urban Development said that the implementation of such an option could prevent “several thousand borrowers a year from foreclosure.”

Insurance 508

Insurance Development Mortgage Government 508

Housing Wire

FEBRUARY 3, 2021

A Chicago-area real estate developer and two mortgage professionals participated in a mortgage fraud scheme that defrauded banks out of at least $3 million, the U.S. The alleged scheme occurred over a six-year period ending in April 2016, the government said. Attorney’s Office in Chicago said Tuesday.

Mortgage 371

Mortgage Government Real Estate Development 371