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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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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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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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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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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Appraisal Buzz

AUGUST 23, 2024

billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market. billion in multifamily lending volume represents a 49 percent decrease from 2022 levels. In 2023, 2,520 different multifamily lenders provided a total of $246.2

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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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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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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 448

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 459

Housing Wire

AUGUST 18, 2023

The waivers come as thousands of government-backed mortgages on the island have been impacted by the disaster, according to data released by the office of Hawaii Gov. It’s natural to want to lend a hand to others who have been affected by an emergency,” CFPB said in an announcement distributed on Friday. Josh Green (D).

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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 459

Housing Wire

JULY 18, 2023

Residential mortgage-backed securities guaranteed by the government-sponsored enterprises wouldn’t be affected by the change. It would likely further chill jumbo lending by regional banks. ” Regarding mortgage lending, Barnum said it’s a cyclical business and they might pull back even further.

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Lending Mortgage Insurance Government 370

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.

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Training Renovations Lending Clients 466

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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Finance Government Lending Investing 545

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 432

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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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

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.

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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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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

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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

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.

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Mortgage Government Lending Construction 387

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%

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Mortgage Government Contracts Lending 480

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 544

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.

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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

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.

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Lending Government Finance Mortgage 459

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.

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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.

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Mortgage Government Lending Technology 397

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 369

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?

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Technology Lending Government Legal 487

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 448

Housing Wire

AUGUST 15, 2024

government, working on behalf of Ginnie Mae and the U.S. The second filing is a memorandum from Ginnie Mae that reiterates several arguments the government has made against TCB. Having lost its attempt to dismiss [TCB]’s claims, the government asks this court to transfer this case to another courthouse,” TCB attorneys wrote in July.

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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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Housing Wire

FEBRUARY 23, 2024

TCB claims that it dealt with Ginnie Mae in good faith, having lent “millions of dollars in much-needed financing to help the collapsing [RMF] continue making payments to senior citizens as part of a mortgage program critical to the federal government.” Ginnie Mae accordingly implored TCB to lend money to RMF.

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Government Contracts Finance Lending 446

Housing Wire

APRIL 10, 2024

the new program starts on May 31 and will result in a government subsidy reduction of approximately $1.5 Wednesday’s announcement, the National Consumer Law Center (NCLC) and the Center for Responsible Lending (CRL) asked the V.A. They also mention impacts on the federal budget. According to the V.A., billion from 2024 to 2033.

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Mortgage Government Lending Law 465