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. The post Deeper asset history unlocks new lending opportunities appeared first on HousingWire.

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Housing Wire

FEBRUARY 10, 2025

Even if the CFPB remains inactive, the statutes governing our industry remain fully enforceable. 1639b), the Secure and Fair Enforcement for Mortgage Licensing Act ( SAFE Act ), and the Truth in Lending Act ( TILA ) remain fully enforceable. However, this assumption is dangerous. Regulation is not disappearing its shifting.

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Modernization Legal Lending Loan Officers 222

Housing Wire

MAY 23, 2022

The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together. A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans.

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Housing Wire

JUNE 7, 2022

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? The post Are these factors creating chaos in your mortgage lending ops? appeared first on HousingWire.

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Lending Mortgage Technology Modernization 390

Housing Wire

APRIL 1, 2025

HUD has been on a yearslong road to modernize its technology systems. A 2021 report submitted to the HUD Office of the Inspector General (OIG) stated that progress at that point had been notable but that “leadership changes with shifting priorities and insufficient funding pose potential risk to modernization.”

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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 516

Housing Wire

DECEMBER 2, 2020

More than that, the fintechs that flooded in brought with them a promise to modernize the mortgage industry with data-rich, cloud-enabled and digitally secure workflows. It would require coordination and cooperation with government and the transformation of processes and systems within industry giants.

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Mortgage Lending Modernization Technology 434

Housing Wire

FEBRUARY 22, 2023

It will also help lenders make “confident” lending decisions, according to Michele Bodda, president of Experian ’s mortgage, verification solutions and employer services. This new partnership with Freddie Mac is another important milestone in our journey to unlock the modern mortgage,” Bodda said.

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Modernization Government Tools Lending 418

Housing Wire

MAY 1, 2023

With a residential PACE loan, renovations are financed and are then paid back by the borrower as property tax payments to their local government, resulting in higher property tax payments for borrowers. Eligible renovations can include property preparation for natural disasters or modernization to a home’s electrical or water systems.

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Property Taxes Renovations Finance Lending 396

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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Housing Wire

NOVEMBER 19, 2021

The agency asks for comment on whether the HMDA rule has “brought greater transparency to the mortgage market,” and whether it helps identify possible discriminatory lending patterns and enforcement of anti-discrimination laws. The agency also uses HMDA data to identify and call attention to systemic issues in mortgage lending.

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Lending Modernization Tools Mortgage 396

Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Just five lenders originated more than 75% of all home-only loans from 2018 to 2022, four of whom specialize in home-only lending.

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Housing Wire

JUNE 25, 2021

One way to do that is by offering a digital lending process’ that attracts borrowers across all generations, regardless of their credit score and finances. Joel Rickman: One of the most significant and transformational trends in lending is the call for the modernization and digitization of the mortgage loan process.

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Lending Technology Modernization Investing 448

Housing Wire

JANUARY 17, 2024

The DNA and mission of this website has not changed, rather Mortgage Matchup provides a new visual identity to help us resonate with consumers in a more modern, approachable way. Of the total, $29.7 billion came from Q3 alone, a decline from the previous quarter’s $31.8 billion and $33.5 billion in Q3 2022.

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Mortgage Real Estate Agent Modernization Retail 468

Housing Wire

AUGUST 27, 2024

It covers structural repairs (such as foundations and new roofs), modernization of kitchens and bathrooms, and energy-efficiency and climate-resiliency projects. Increased use of 203(k) mortgages will help modernize and revitalize homes, which supports affordable housing supply and strengthens neighborhoods.”

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Renovations Modernization Insurance Finance 448

Housing Wire

APRIL 21, 2021

The government agency also said it plans to retire all temporary selling flexibilities on May 31, 2021. Within the RFI, the FHFA sought insight on the appraisal policies, practices and processes of Fannie and Freddie, especially as it relates to the GSEs’ appraisal modernization efforts.

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Valuation Real Estate Agent Appraisal Modernization 418

Housing Wire

AUGUST 31, 2022

Gloudeman’s career in mortgages and financial services will help “modernize compliance strategies for the quickly evolving mortgage landscape” as traditional approaches are falling behind, said Perry Steiner, chairman and CEO of Xactus said. Gloudeman started on Tuesday. . where he left as chief compliance and regulatory counsel.

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Modernization Technology Clients Insurance 370

Housing Wire

DECEMBER 30, 2022

This is the result of several forces: the Fed’s anti-inflation policy; the rapid deceleration in lending that’s resulted in a 40% drop in applications; the rising cost of mortgage production, which has now broken the $10,000 per loan threshold; and the continued drive towards digitization in mortgage lending. Because I am.

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Lending Transportation Government Mortgage 397

Housing Wire

OCTOBER 6, 2020

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. Lending technology out of focus. We have fared much better on the automation side.

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Technology Mortgage Investors Investing 476

Housing Wire

MAY 24, 2023

There are also plans in place for the government-sponsored enterprises (GSEs) to transition to two credit reports from the national consumer reporting agencies within a year, as opposed to three, in an approach called “bi-merge” rather than “tri-merge.” credit score models and outlined the timeline for implementation.

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Finance Lending Modernization Mortgage 370

Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. In fact, real estate professionals are accountable to the exact same type of state government licensing requirements and regulatory frameworks that appraisers are.

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Appraisal Valuation Real Estate Modernization 370

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The result is higher costs, lower productivity, unmeasured quality, and systemic exposure as government monopolies take most of the risk and make most of the money.

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Housing Wire

APRIL 4, 2024

representatives at federal agencies reinforced their support for the new rules that would modernize the Community Reinvestment Act (CRA), a few days after a federal judge in Texas granted a preliminary injunction to banking associations that seek to halt its implementation. This week in Washington, D.C.,

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Modernization Law Legal Landlords 334

Housing Wire

JUNE 8, 2022

The plans establish a flexible framework for the government-sponsored enterprises to address barriers to sustainable housing and close the racial homeownership gap. Both plans rely heavily on special purpose credit programs , which allow lenders to target lending to protected classes without violating the Equal Credit Opportunity Act. . “A

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Appraisal Buzz

SEPTEMBER 3, 2024

Chillemi has more than 25 years of regulatory affairs, government relations, and compliance experience in fintech, at top law firms, and as a federal and state prosecutor. Most recently, Chillemi served as general counsel at Aven, which offers secured lending products, and before that as deputy general counsel at Better, a mortgage lender.

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Legal Technology Government Modernization 195

Housing Wire

JANUARY 31, 2021

The company recently launched ClearLabs, an in-house research and development group that works alongside industry leaders and government-sponsored enterprises (GSEs) to continually build on what’s possible in compliant real estate valuation and analytics.

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Valuation Technology Real Estate Development 334

Housing Wire

MAY 5, 2021

Our floor plans and elevations will uniquely feature a modern and sleek look but will still maintain a similar feel to what was built in the 1960s.”. . “Kavison Homes is excited about this unique opportunity to be the first new construction in the John S Park area in 35-plus years,” said Stratton.

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Modernization Realty Real Estate Housing Market 270

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

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Real Estate Brokerage Real Estate Agent Technology 397

Appraisal Buzz

MARCH 21, 2024

The 30-year government veteran is an internationally recognized leader in bank supervision and an outspoken advocate for housing finance innovation, Argyle says in a release. Cave has more than three decades of experience in U.S. banking regulation.

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Finance Government Technology Modernization 195

Appraisal Buzz

SEPTEMBER 16, 2024

Chillemi has over 25 years of experience in government relations, compliance, and regulatory affairs from her time as a federal and state prosecutor, at top law firms, and in the fintech industry. Ronald Chillemi has been appointed Chief Legal Officer (CLO) and Corporate Secretary of Figure Technology Solutions, Inc.

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Housing Wire

OCTOBER 2, 2020

Its MSR portfolio contains 41% government and 59% conventional loans as of June 30. Year-to-date, AmeriHome has booked $642 million in revenue for the 12 months that ended June 30, according to the S-1 filing. from 2015 to LTM Q2 2020, positioning us as the third largest correspondent producer.” basis points – as of June 30 was $87.9

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Valuation Mortgage Business Modernization 350

Housing Wire

DECEMBER 20, 2021

A $250 monthly child tax credit from the federal government for each child also helps the household. Governments and servicers were both quick to launch forbearance programs for over seven million mortgage borrowers during the pandemic, realizing the historic challenge borne out of the Covid-19 pandemic. But will end in December.

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Mortgage Government Contracts Insurance 418

Appraisal Buzz

AUGUST 12, 2024

In this role, Beach is responsible for overseeing the comprehensive suite of compliance management programs, which encompass all facets of risk, compliance, audits, exams, vendor risk governance, and information security. He was responsible for the modernization and digital transformation of technology including mobile and cloud services.

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Mortgage Technology Architecture Law 221

Housing Wire

JUNE 28, 2021

Appraisers decry them as counterproductive, even exploitative middlemen, while lenders offer a pat on the back for keeping them one step ahead of government auditors. A variation of the conduct code was inserted into the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, and the modern AMC was off and running.

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Appraisal Valuation Business Contracts 435

Clear Capital

JUNE 28, 2022

Each API connects directly into existing systems through a single integration for lenders, investors, and system providers, making it easier to adopt and deploy modern property valuation solutions. ” Over the past year, the government-sponsored enterprises (GSEs) have made sweeping changes around modern valuation solutions, and ?? .”

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Valuation Modernization Real Estate Investors 69

Appraisal Buzz

APRIL 29, 2024

If you aren’t in control of your clients, your fees, your market, or the main factors that drive your business, you’re always under threat by outside forces, like interest rates and government policy. To that end, the appraisal business is ripe with opportunities to diversify and have revenue streams from multiple sources.

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Clients Appraisal Business Lending 195

Genworth MI Blog

MAY 28, 2020

In this article, I will challenge conventional stereotypes and encourage you to explore manufactured housing as an emerging lending opportunity, positioned ideally for those savvy enough to see with different eyes. To start, let’s dispel a few myths and agree on a few truths: Myth 1 : Manufactured Homes Are Mobile Homes.

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