Housing Wire

NOVEMBER 15, 2022

Lending standards tightened in October, largely due to higher mortgage rates and the worsening outlook for the economy, the Mortgage Bankers Association (MBA) said. A decline in the index, benchmarked to 100 in March 2012, is an indicator that lending standards are tightening, while an increase suggests loosening credit standards.

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Lending Government Mortgage Housing Market 444

Real Estate News

MARCH 28, 2024

NAR this week sent letters asking government lending agencies to allow buyers to finance agent compensation. Thursday, it started getting answers.

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Lending Government Finance Agents 353

Housing Wire

APRIL 30, 2024

The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The only exception is the rule’s “subpart D.”

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Lending Finance Government Realtors 366

Housing Wire

NOVEMBER 27, 2024

wholesale lender United Wholesale Mortgage (UWM) has taken another aggressive move related to its product set, underscoring its strong commitment to government-backed loans. On Wednesday, the company announced the removal of all loan-level pricing adjustments (LLPAs) on government loans, albeit with some limitations. billion — a 39.5%

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Government Finance Insurance Mortgage 388

Housing Wire

OCTOBER 17, 2024

Guild Mortgage announced on Thursday that it has hired Nora Guerra, who worked at Freddie Mac for more than five years, as its senior vice president of community lending solutions. The executive has also advocated for Latino housing equality, receiving awards for her activism.

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Lending Government Development Mortgage 387

Housing Wire

FEBRUARY 21, 2024

North Carolina-based mortgage lender Premier Lending Inc. Premier Lending is adopting FICO’s updated credit-scoring model “to continue to drive the company’s innovation strategy forward and help make more homeownership dreams a reality,” the company stated in a release. “By

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Lending Government Mortgage Finance 365

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

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Lending Mortgage Government Finance 422

Housing Wire

MAY 17, 2024

“In August 2022, FHA implemented a UEI policy that required those doing or seeking to do business with the federal government, to register for, obtain, and maintain a UEI number in the General Services Administration ’s (GSA) System for Award Management (SAM.gov),” the notice reads. The GSA is a wing of the U.S.

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Government Business Design Real Estate 366

Housing Wire

MAY 17, 2024

Chase Home Lending , the consumer and commercial banking arm of JPMorgan Chase & Co. , The Federal Housing Finance Agency (FHFA) has added new requirements in its Duty to Serve plans that govern Fannie Mae and Freddie Mac , as well as tweaks to loan-level pricing adjustments (LLPAs).

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Lending Real Estate Agent Contracts Government 385

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.

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Lending Mortgage Training Technology 418

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.

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Lending Government Legal Law 401

Housing Wire

FEBRUARY 9, 2021

while the Jumbo MCAI measuring high-balance loans rose 2.2%, and the Conventional MCAI that measures loans not backed by the government rose 4.8%. The Government MCAI that includes mortgages backed by the Federal Housing Administration , the Veterans Administration and the U.S. Department of Agriculture fell by.1%, 1%, MBA said.

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Mortgage Lending Government Contracts 542

Housing Wire

JUNE 23, 2021

Their large market presence is not because of their capital levels, however, but because they provide something no institutions other than FHA , USDA and VA provide: the government guarantee. The government guarantee attracts trillions of dollars of investment from all over the world, from parties that would simply not invest without it.

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Government Finance Lending Investing 525

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.

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Mortgage Government Lending Construction 414

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!

Real Estate 532

Real Estate Mortgage Property Taxes Law 532

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

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.

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Government Lending Development Legal 522

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

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

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.

Mortgage 514

Mortgage Lending Real Estate Agent Government 514

Housing Wire

MAY 15, 2024

VantageScore has released a pilot of its latest credit-scoring model , VantageScore 4 Plus, for banks, fintechs and government lenders. 300 to 850) and also uses score-to-odds ratios, meaning that most lenders will not need to adjust their credit or lending policies to use the new pilot program.

Lending 445

Lending Government Finance Mortgage 445

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.

Mortgage 516

Mortgage Insurance Lending Government 516

Housing Wire

JULY 19, 2024

We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.” Additionally, Flagstar offers direct access to underwriters for product-specific advice and expertise in Non-QM, VA, and FHA lending.

Training 365

Training Renovations Lending Clients 365

Housing Wire

JANUARY 25, 2024

A&D Mortgage offers a wide range of products, including conventional loans, government loans, foreign national loans and non-QM loans, to cater to a diverse array of borrower needs. This strategic move aims to enhance the company’s conventional lending services.

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Mortgage Lending Government Business 329

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.

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Land Lease Law Finance Government 423

Housing Wire

MARCH 3, 2024

A record 47% of government-sponsored enterprise (GSE) purchase loans in 2023 came from first-time homebuyers, a number that’s been trending gradually higher throughout the past decade. Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations.

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Lending Mortgage Buyers Government 505

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 395

Appraisal Buzz

JANUARY 10, 2025

While an increase in the index signifies loosening credit, a decrease in the MCAI suggests tightening lending rules. The Government MCAI did not change, however the Conventional MCAI rose by 1.3%. percent, while the Government MCAI remained unchanged. In December, the MCAI increased by 0.7% The Conforming MCAI decreased by 0.7

Mortgage 393

Mortgage Government Lending Technology 393

Housing Wire

JUNE 6, 2024

The MCAI measures how tight or loose lending standards are in any given month. A reduction in the MCAI indicates a tightening of lending standards, while increases indicate the loosening of credit. percent, while the Government MCAI decreased by 0.1 The index was initially benchmarked to 100 in 2012. percent,” MBA explained. “Of

Mortgage 377

Mortgage Lending Government Technology 377

Housing Wire

SEPTEMBER 4, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , announced on Wednesday the hiring of Ronald Chillemi as its first chief legal officer and corporate secretary. Chillemi has more than 25 years of experience in regulatory affairs, government relations and compliance across a number of fintech companies and law firms.

Legal 376

Legal Lending Technology Modernization 376

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

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.

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Investing Mortgage Lending Loan Officers 348

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

JUNE 17, 2024

The government contends that by filing the case in Amarillo instead of Dallas, TCB has violated a “forum selection clause” in its tail agreement with Reverse Mortgage Funding (RMF), the agreement at the center of the dispute. The government made the filing Saturday, June 15.

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Government Mortgage Law Contracts 372

Housing Wire

FEBRUARY 12, 2024

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. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

Lending 358

Lending Renovations Construction Finance 358

Housing Wire

JANUARY 2, 2025

Government lending programs saw mixed results as applications for Federal Housing Administration (FHA) loans fell by 60 bps to a market share of 16.6%, while applications for Department of Veterans Affairs (VA) loans rose by 50 bps to a share of 15.7%. For the week ending Dec.

Mortgage 430

Mortgage Retail Contracts Government 430

Housing Wire

JUNE 5, 2024

Fratantoni noted that government purchase volume was down less, aided by growth in U.S. The market is relying on first-time homebuyer demand, and many first-time buyers do use government lending programs,” he said. Department of Veterans Affairs (VA) loan applications. The refinance share of mortgage activity decreased to 31.1%

Mortgage 381

Mortgage Government Contracts Lending 381