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.”. How Freddie Mac is addressing affordable housing challenges. Presented by: Freddie Mac.

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Finance Valuation Insurance Lending 476

Housing Wire

MAY 2, 2024

An announcement on Thursday from HUD and a new Mortgagee Letter (ML) published Wednesday by the FHA clarifies that the policy applies to all Title II single-family programs, including the Home Equity Conversion Mortgage (HECM) reverse lending program.

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Reconsideration of Value Appraisal Mortgage Valuation 389

Housing Wire

SEPTEMBER 13, 2023

The CAPE aPCR tool can be applied across the valuation spectrum—from adding condition validation to an automated valuation model (AVM), to driving appraisal workflows. The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging.

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Tools Valuation Inspection Investors 386

Housing Wire

APRIL 6, 2023

“This is an opportunity to expand our understanding of the issues facing today’s appraisal industry and to get a clearer picture of how current practices and the appraisal regulatory system impact lending in this country.” I think not many people understand how this byzantine system works,” Chopra said. housing market in the future.

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Appraisal Valuation Government Appraisal Process 367

Housing Wire

JUNE 1, 2021

How hybrid title and valuations help increase lending efficiency. Developers, lenders or local governments could compete for the funds through an application process. HUD plans to launch a “first-of-its-kind interagency effort” to combat inequity in appraisals , according to a White House press release. Presented by: Altisource.

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Renovations Development Investors Legal 516

Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S. FHFA, along with HUD, [the U.S. Department of Agriculture (USDA) and the U.S.

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Appraisal Valuation Reconsideration of Value Training 353

Housing Wire

AUGUST 18, 2022

Government loans and conforming loans held for sale would have a 20% risk weight. Mortgage servicing rights are vulnerable to high-volatility market conditions, Ginnie Mae said, and MSRs also pose a valuation and liquidity risk. government. Other loans held for sale would have a 50% risk weight.

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Government Mortgage Valuation Business 410

Housing Wire

JULY 1, 2024

Name Job Title Company Name Ali Haralson President Auction.com Amy Jo Plummer Vice President of Customer Experience Maxwell Anita Blue President LGBTQ+ Real Estate Alliance Candy Nowak Chief Credit Officer CMG Financial Cecilia Choy Chief Operating Officer ICE Mortgage Technology Cerita Battles Head of Community & Affordable Lending Chase Charis (..)

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Realty Real Estate Chief Valuation Officer Technology 470

Housing Wire

OCTOBER 4, 2022

The RFI, published in the Federal Register, asks questions related to the current availability of small mortgage financing, barriers and disincentives to small mortgage lending transactions, as well as changes to policies or processes that would encourage more origination of such products.

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Mortgage Government Lending Finance 356

Housing Wire

APRIL 21, 2021

The government agency also said it plans to retire all temporary selling flexibilities on May 31, 2021. At the onset of the pandemic in March 2020, the FHFA began easing standards on property appraisals that allowed drive-by and desktop valuations in certain circumstances.

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Valuation Real Estate Agent Appraisal Modernization 417

Housing Wire

NOVEMBER 3, 2020

Broad in reach and deep in functionality, the PPE manages many core functions in mortgage lending, such as decisive product eligibility and sophisticated pricing strategies, as well as automating the rate-lock process. Support strategic decisions with risk management and MSR valuation solutions.

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Valuation Tools Clients Mortgage 378

Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. Top recommended AI application ideas included compliance, underwriting and property valuation.

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Technology Lending Valuation Mortgage 374

Housing Wire

NOVEMBER 12, 2021

A National Association of Realtors (NAR) committee head recommended Friday that the federal standards governing real estate appraisals loosen up. Gregoire also said his committee is “actively working” with the NAACP and Urban Institute to address biased appraisals that widen the home valuation gap. We were wrong,” Oppler said.

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Real Estate Agent Real Estate Valuation Appraisal 345

Housing Wire

NOVEMBER 29, 2022

This was “likely attributable to massive government stimulus and other support programs designed to stabilize the housing market during the COVID-19 pandemic,” according to the report. Bias in lending is a challenge that the mortgage industry has been struggling with, as seen from a handful of suits.

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Lending Government Mortgage Valuation 345

Housing Wire

JUNE 7, 2022

On the servicing side, a default servicer will work with a number of third-party vendors to gather collateral valuation, title information, property inspections and field services reports. Servicers, especially those who service government-insured loan products, are under statutory time constraints that give them very little wiggle room.

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Lending Mortgage Technology Modernization 284

Housing Wire

MAY 23, 2023

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. In March , Fannie Mae released an update to its Seller’s Guide that outlined more options for property valuations, including value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals.

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Technology Appraisal Lending Valuation 347

Housing Wire

OCTOBER 22, 2024

million customers — continues to grow, driving increased revenue and cash flow contributions and providing low-cost leads for our consumer direct lending division.” million, excluding the valuation and non-recurring items. The company’s refinance recapture rate is 52% for government loans and 34% for conventional loans. “We

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Government Investing Mortgage Valuation 371

Appraisal Buzz

JANUARY 10, 2022

Here’s a brief look at valuation risk through the eyes of a lender or an Appraisal Management Company. Risk 3: Valuation risk. Risk 5: Fair Lending Risk. This has always been a risk lenders face, but never has it seemed more important to government regulators than today. But they still see risk pretty much everywhere.

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Appraisal Valuation Real Estate Investors 374

Housing Wire

OCTOBER 25, 2024

However, this era is ending, leading to an expected increase in mortgage lending and an uptick in RMBS issuance, especially in H1 2025. government, but rather foreign trade disruptions. What is the catalyst that may cause it all to fall apart? Not mismanagement of monetary or fiscal policy on behalf of the U.S.

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Supply Chain Investors Insurance Lending 444

Housing Wire

DECEMBER 5, 2024

Detroit-based Rocket claims HUD has misused the Fair Housing Act , placing the lender in “conflicting and irreconcilable positions” regarding government mandates on appraiser oversight and independence. A HUD spokesperson did not immediately respond to HousingWire ’s request for comments. We have a juxtaposition here,” Emerson added.

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Appraisal Lending Clients Law 338

Housing Wire

AUGUST 11, 2020

Shockingly, the gap is wider than it was in 1968, when the federal government first outlawed racially based housing discrimination. The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. This makes it more important than ever to consider how the U.S.

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Government Sellers Development Mortgage 442

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 474

Housing Wire

SEPTEMBER 24, 2021

The company says it will use the funding to “aggressively” build new products for mortgage lending and banking industries, expand its US operations and scale its staff with a focus on machine learning and data science teams. Ocrolus has onboarded over 75 corporate team members in 2021 and plans to hire even faster in 2022.

Technology 303

Technology Valuation Lending Investors 303

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. But they did not become key players in the home valuation industry until the recent housing bubble.”. They would then pay Rickard. Rickard never got paid.

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Appraisal Valuation Business Contracts 427

Housing Wire

JULY 15, 2024

The Detroit-based lender also said that it allows the use of automated valuation models (AVMs) on home equity loans of up to $400,000, almost double the limit imposed by other competitors. Initiatives related to home equity have also reached the government-sponsored enterprises (GSEs).

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Appraisal Process Valuation Government Mortgage 401

Housing Wire

JULY 27, 2021

That has enormous implications for the risk profile of these firms and for the broader housing finance system as they lend and service not just Ginnie Mae loans but also GSE-eligible mortgages. Unlike depositories, nonbanks do not face the same level of safety and soundness scrutiny as federally regulated depositories.

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Insurance Finance Government Mortgage 458

Housing Wire

NOVEMBER 5, 2021

Underwriters rely on appraisal and valuation professionals. Panelists: Tai Christensen, Director of Government Affairs and Chief Diversity and Inclusion Officer, CBC Mortgage Agency Montell Watson, Director of Corporate Strategy, Movement Mortgage Laura Brandao, President & Partner, American Financial Resources, Inc.

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Real Estate Valuation Real Estate Agent Development 300

Housing Wire

JANUARY 31, 2021

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans.

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Valuation Technology Real Estate Development 244

Housing Wire

JULY 3, 2024

For instance, we started working with machine learning for automated valuation models back in 2017. At Clear Capital, we started using machine learning for our automated valuation model in 2017. This is especially true for machine learning, since much of the “AI” happens before you really interact with it as a user.

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Training Tools Lending Valuation 359

Housing Wire

MAY 25, 2021

Despite fintech innovation in the form of lending-as-a-service (LaaS) startups and more user-friendly mortgage application portals, the appraiser shortage paired with “the old way of doing things” has aggravated process inefficiencies within the home loan ecosystem. And appraisal waivers would be informed, not blind.

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Appraisal Valuation Real Estate Modernization 313

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. Within the congressional justifications for the U.S. HUD is requesting $2.5

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Mortgage Insurance Training Government 360

Housing Wire

FEBRUARY 8, 2024

Before that, he spent nearly a year as EVP of direct lending at Go Mortgage and served for eight years as president of consumer direct at Lending.com , a Finance of America company. “We Over time, it got involved in other asset classes, such as single-family rental properties and commercial real estate lending.

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Business Investing Real Estate Advertising 339

Housing Wire

NOVEMBER 17, 2022

But, to date, it’s not been altered,” said Michael Carnes, managing director of the MSR Valuation Group at the Mortgage Industry Advisory Corporation (MIAC). Government and conforming loans held for sale would have a 20% risk weight. . “That’s the ‘elephant in the room’ right now.

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Marketing Lending Mortgage Valuation 388

Housing Wire

MAY 23, 2022

. “[The MBA urges the subcommittee to] consider directing the VA to not only modernize and streamline its current processes, but also align them with those of the FHA and the housing Government Sponsored Enterprises — Fannie Mae and Freddie Mac — to the greatest extent possible,” he said.

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Law Appraisal Modernization Appraisal Process 418

Simonson Real Estate

AUGUST 24, 2020

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. Based on lender interviews and market reports, appetite for lending on each of the property types generally falls into in the following ranking (in order of best to worst). We had a great discussion!

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Lending Construction Tenants Real Estate 148

Housing Wire

MARCH 31, 2021

The seven rescissions will be effective Thursday, April 1, with the government agency noting that it intends to exercise the full scope of its supervisory and enforcement authority provided under the Dodd-Frank Act. In one of its key decisions, the CFPB said it will roll back its leniency on reporting Home Mortgage Disclosure Act data. “Our

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Appraisal Insurance Lending Development 435

Housing Wire

OCTOBER 14, 2022

Now retired, Mohtashami has years of direct lending experience and his astute analysis of economic data allows him to present a unique, informed and unbiased perspective on the financial markets. Burns specializes in real estate market research, housing analysis, strategic planning, financial analysis and valuation.

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Housing Market Marketing Real Estate Finance 459