Housing Wire

APRIL 5, 2022

There is no public guidance from state or federal regulators at the time of this writing as to whether mortgages for virtual real estate are governed by traditional laws and regulations that govern traditional mortgages. Lending is lending. Section E: Yay, no government fees… for now!

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Real Estate Mortgage Property Taxes Law 532

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. The watchdog agency provided clarity for the kind of research and data that go into creating a targeted lending program.

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Lending Development Finance Law 314

Housing Wire

DECEMBER 1, 2021

years in prison — the maximum the federal government said it would seek — as well as three years of supervised release. As the housing market changes, so does lending fraud. This white paper covers new fraud schemes in mortgage lending as well as solutions for fraud detection. billion for the government-sponsored enterprise.

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Mortgage Insurance Lending Government 516

Housing Wire

JULY 18, 2023

The Federal Reserve , Federal Depository Insurance Corporation and the Office of the Comptroller of the Currency , which together regulate large depository banks, are expected to unveil the proposed changes on July 27. Residential mortgage-backed securities guaranteed by the government-sponsored enterprises wouldn’t be affected by the change.

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Lending Mortgage Insurance Government 342

Housing Wire

AUGUST 13, 2024

The American Land Title Association is making it clear that it won’t have the Consumer Financial Protection Bureau making drastic changes to title insurance without first at least hearing the trade groups thoughts on the issue. 2, the trade group stressed the importance of title insurance. 2, 2024.

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Insurance Mortgage Legal Government 423

Housing Wire

JULY 26, 2021

Government-backed New Deal programs of the 1930s openly discriminated against minority borrowers and neighborhoods. Historic government institutionalized discrimination includes actions like “redlining,” where the Federal Housing Administration would refuse to insure mortgages in and around Black neighborhoods.

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Mortgage Lending Real Estate Agent Government 514

Housing Wire

OCTOBER 23, 2020

Guild agreed to settle the federal lawsuit, brought by the Department of Justice , for just under $25 million, the government said Thursday. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance. It did not admit to any wrongdoing.

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Mortgage Government Retail Lending 502

Housing Wire

JANUARY 16, 2025

The agency noted that the fraudulent callers pose as legitimate lenders by spoofing the caller ID number of the homeowner’s actual lending institution. If someone calls claiming to be a government official, the FCC recommends hanging up and instead calling the number listed on that government agency’s official website.

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Mortgage Insurance Government Lending 255

Housing Wire

OCTOBER 30, 2023

In a recent interview with HousingWire, loanDepot CEO Frank Martell said the company is not chasing business that doesn’t make sense but trying “to make sure our focus is on the strategic growth areas that we think will contribute to the first-time homebuyer, diverse lending and affordable” lending.

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Lending Retail Finance Insurance 492

Housing Wire

NOVEMBER 11, 2021

In September, Biden’s administration also called on state and local governments to “reduce zoning and financing barriers to these kinds of housing – housing that allows families to achieve homeownership and build wealth.”.

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Finance Valuation Insurance Lending 476

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. Other government entities, including Fannie Mae , Freddie Mac and the United States Department of Agriculture , have already implemented a 40-year loan modification term option.

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Insurance Development Mortgage Government 508

Housing Wire

AUGUST 15, 2024

There are many government program offerings designed to support low-income borrowers and underserved communities available through banks and credit unions, including: Federal Housing Administration (FHA): FHA provides mortgage insurance on loans made by FHA-approved lenders. This insurance protects lenders against losses.

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Government Insurance Finance Mortgage 418

Housing Wire

JUNE 5, 2024

“Today, HUD is providing new resources for preserving and revitalizing these communities by providing FHA-insured financing to mission-focused groups to buy or refinance and revitalize manufactured homes.

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Government Finance Renovations Design 529

Housing Wire

FEBRUARY 12, 2024

The Federal Financial Institutions Examination Council (FFIEC) on Monday issued a statement outlining examination principles related to valuation and appraisal discrimination or bias in residential lending. FFIEC is a federal interagency coalition consisting of the Federal Reserve Board of Governors (FRB), the Federal Deposit Insurance Corp.

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Valuation Appraisal Law Design 379

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.

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Appraisal Valuation Training Government 445

Housing Wire

JUNE 11, 2024

In practice, the direct endorsement authority allows lenders to underwrite single-family mortgages and submit them to FHA for insurance endorsement. Open Mortgage has continued to operate in the forward lending space. Iowa was responsible for 3.4% of the total, Modex data shows.

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Mortgage Insurance Loan Officers Lending 404

Housing Wire

OCTOBER 18, 2023

. “We’re hoping to have a final policy [for the payment supplement partial claim] out before the end of the year, although I will say keep your fingers crossed that we don’t face any lapse in appropriations that would shut down the government.” 14-17 in Philadelphia. ”

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Mortgage Government Insurance Tools 396

Housing Wire

AUGUST 18, 2022

Government loans and conforming loans held for sale would have a 20% risk weight. Ginnie Mae, a government corporation under the auspices of the Department of Housing and Urban Development , guarantees securities backed by pools of mortgages insured by FHA, as well as the Department of Veterans Affairs and the Department of Agriculture.

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Government Mortgage Valuation Business 410

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. trillion in insured mortgages and leading 2,800 employees.

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Lending Clients Development Real Estate 221

Housing Wire

MARCH 9, 2022

International governance, risk and compliance giant Wolters Kluwer has inked a deal to acquire International Document Services (IDS) for $70 million in cash. In a statement on Wednesday, Wolters Kluwer said IDS will become an integral part of its governance, compliance, risk (GRC) division, which provides solutions for U.S.

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Lending Government Law Insurance 323

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 recommendation is based on two other ideas.

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Modernization Government Contracts Insurance 356

Housing Wire

OCTOBER 4, 2022

The Federal Housing Administration (FHA) on Tuesday issued a request for feedback from the public on how it can increase access to small balance mortgages through its single-family mortgage insurance programs. Notably, denial rates for small-dollar mortgage loans are higher than for larger loans in both government and conventional channels.

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Mortgage Government Lending Finance 356

Housing Wire

JULY 27, 2021

Unlike lenders or servicers for Fannie Mae and Freddie Mac , Ginnie Mae issuers are responsible for passing along payments to investors after borrower equity, federal agency and mortgage insurance resources are exhausted. If those issuers fail, Ginnie Mae is ultimately responsible for making those investor payments.

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Insurance Finance Government Mortgage 458

Housing Wire

JUNE 9, 2021

Bank CRA obligations cover far more than their mortgage lending. IMBs have expanded because of the warehouse lending and short-term credit provided them by the nation’s depositories and because they can sell their loans into the government-guaranteed agency secondary market ( Ginnie Mae , Fannie Mae , Freddie Mac ).

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Lending Development Government Finance 436

Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. The home-only lending market presents several major opportunities.

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Business Finance Lending Buyers 429

Housing Wire

OCTOBER 4, 2022

Head of Neighborhood and Community Lending. Matic Insurance. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Supreme Lending. Head of Home Lending. Planet Home Lending. Executive Vice President of Retail Lending. Company Name. Aaron King. CEO and Founder.

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Human Resources Lending Real Estate Technology 415

Housing Wire

NOVEMBER 29, 2023

Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this week by the Federal Housing Finance Agency (FHFA), according to All Participants Memorandum (APM) 23-13. Virgin Islands, the one-unit property limit is ​$1,149,825​​.

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Insurance Finance Government Lending 363

Housing Wire

MAY 27, 2022

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.”. The requirement also applies to mortgage lenders, legal experts say.

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Law Valuation Legal Government 445

Housing Wire

OCTOBER 1, 2024

The Federal Housing Administration (FHA) on Tuesday issued an informational notice to mortgage lenders in which it reiterates various loss-mitigation options afforded to companies and borrowers who are engaged in FHA lending programs in presidentially declared major disaster areas (PDMDAs).

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Inspection Insurance Mortgage Design 433

Housing Wire

MARCH 12, 2024

federal government. A president’s budget proposal is rarely implemented as proposed, but it can provide insight into the kinds of conversations that government officials, lawmakers and other stakeholders may pursue. It would remove the cap on the number of HECM loans that can be insured by FHA. HUD is requesting $2.5

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Mortgage Insurance Training Government 360

Housing Wire

MAY 26, 2021

AmeriHome purchased approximately $65 billion in conventional conforming and government-insured originations in 2020. Texas Capital’s correspondent lending business originated approximately $2.4 billion of volume in the fourth quarter, slightly less than Ocwen’s correspondent lending arm during the same period.

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Lending Mortgage Insurance Government 411

Housing Wire

JANUARY 18, 2023

So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise). mortgage insurance market in 2023 to deteriorate. mortgage insurance sector,” Christopher Grimes, director of Fitch Ratings, said. mortgage insurance sector, according to the report.

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Housing Market Marketing Insurance Mortgage 444

Housing Wire

AUGUST 23, 2022

The FHFA is seeking members who have a background in financing, development, and/or administrative work related to the government sponsored entities and the FHLBs. The committee, whose members have not yet been selected, will focus on the FHFA’s regulated entities, Fannie Mae , Freddie Mac and the Federal Home Loan Banks.

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Finance Lending Insurance Government 368

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. In an investigative feature published in March , HousingWire examined the federal government’s feeble fight to end redlining.

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Appraisal Buzz

JUNE 27, 2024

Prior to joining NFHA, Bailey served as an EVP at the Center for Responsible Lending (CRL), a research and policy advocacy organization that seeks to build a fairer and more inclusive financial services marketplace. Patenaude is an Independent Director of loanDepot, and a member of the Audit Committee.

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Development Finance Tenants Lending 395

Housing Wire

JUNE 1, 2021

Manager, Government & Industry Relations. Genworth Mortgage Insurance. EVP, Retail Lending. Supreme Lending. VP, Lending Support. VP of Engineering. ICE Mortgage Technology. Madisyn Rhone. Malte Kramer. CEO & Founder. Luxury Presence. Marc Hernandez. Alterra Home Loans. Matt Garcia. Senior Loan Officer.

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Retail Lending Loan Officers Finance 410

Housing Wire

MAY 20, 2021

He set his sights on CapLOC , a North Carolina-based mortgage lending business, and tried to sell CapLOC First Mortgage Company’s lending arm for a quick buck. billion for the government-sponsored entity. As part of the plea deal, the government agreed not to push for a sentence longer than 8.5

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Mortgage Government Lending Insurance 364