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US Senate committee approves full funding for Ginnie Mae

Housing Wire

Senate appropriations committee this week approved full funding for the fiscal year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act (T-HUD), which provides $98.737 billion in total discretionary funding for agencies including Ginnie Mae. Patty Murray (D-Wash.), the chair of the committee.

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Job gains exceed expectations in December

Housing Wire

Job gains occurred mainly in government, health care, social assistance and construction in December, while transportation and warehousing posted fewer jobs. This week’s job openings data showed that the quits and hires ratio is also below pre-COVID-19 levels.”

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Paving the Way to a Brighter Future

Appraisal Buzz

Dutch Mendenhall empowers, inspires, and motivates fellow professionals and investors by providing the knowledge and opportunities to diversify and enhance their portfolios through alternative investments and financial education. He believes education is the key to unlocking the full potential of anyone’s economic and investment legacy.

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Michael Bright: Where residential mortgage-backed securities can take sustainable investing

Housing Wire

ESG investing — that is “environmental, social and governance” money management — goes by many monikers. Millennial and Gen Z investors have been voting with their wallets, demanding that ESG-like items are incorporated into investment decisions. Some call it “sustainable investing,” others “impact investing.”

Investing 388
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The surprising future of mortgage technology

Housing Wire

Purveyors of very complex financial instruments, sold to risk-averse investors under the careful oversight of government regulators, have given us a process that must conform to investor and regulatory compliance requirements. As a result, the investors opened the door for desktop appraisals. Collateral Valuation.

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The obstacles to a digital mortgage are changing – Here’s what lenders need to know

Housing Wire

banking, shopping, transportation). We have been working closely with Ginnie Mae on this program and are very excited that as of June 20 the program began accepting new applications from eIssuers, eCustodians, and subservicers, opening up the government market to eNotes. There was not yet a program for securitizing government loans.

Mortgage 433
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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

Andrew Cuomo's office suggested last week that such a levy might reap $9 billion for the moribund Metropolitan Transportation Authority over the next decade and Assembly Speaker Carl Heastie reiterated his chamber's support proposal at a Crain's breakfast forum days later. Therefore it should apply to investor units and LLCs.