Appraisal Buzz

DECEMBER 18, 2024

government. Government earnings. Ginnie Maes operations are still anchored by its emphasis on governance, internal controls, and modernization, which guarantees stability and preparedness to handle changing problems. With the $423.4 Operational outcomes from this performance were $3.1 billion, which included a $1.3

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Housing Wire

MAY 5, 2022

Still, the proposed rule could set the stage going forward for expanding the CRA’s reach and the increased consideration of community performance during merger reviews — as banking agencies weigh future changes to regulations governing those transactions. Doing those two things is difficult.”.

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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

NOVEMBER 10, 2020

The validation and approval of Classic FICO by the enterprises allows them to continue supporting the mortgage market while assessing more modern credit score models that were submitted in response to the 2020 Joint Enterprise Credit Score Solicitation ,” the FHFA announced.

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Housing Wire

FEBRUARY 12, 2024

Booth will join Zillow’s government relations and public affairs team, spearheaded by Jennifer Butler. “I Modernizing real estate and improving the home buying, selling and renting experience for consumers and real estate professionals is central to Zillow’s mission,” a company spokesperson said in an emailed statement. “We

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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

AUGUST 13, 2024

Influential housing nonprofit Enterprise Community Partners this week submitted a comment letter to the Federal Housing Finance Agency (FHFA) regarding the Duty to Serve (DTS) plans submitted by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

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Housing Wire

OCTOBER 2, 2023

Freddie Mac’s ACE + PDR program and Fannie Mae’s Value acceptance + property data were designed to increase efficiencies for all stakeholders and lower costs in comparison to traditional appraisals while maintaining the high-risk mitigation standards employed by the government-sponsored enterprises (GSEs). “At

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Housing Wire

JANUARY 21, 2025

Servicing software improves efficiency and customer satisfaction Modern mortgage servicing software gives lenders an edge thats so efficient, it almost seems unfair. This is a vital task for servicers who must routinely report payment and default activities to government-sponsored enterprises (GSEs).

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Housing Wire

AUGUST 25, 2022

From modernizing appraisal technology to the government heightening their focus on appraisal bias, there’s no shortage of important and noteworthy topics to unpack in the appraisal space,” Brena Nath, director of HW+ and events, said. Appraisal Modernization: What’s the end game?” That is why HW Annual Oct. will be held on Oct.

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Housing Wire

SEPTEMBER 4, 2024

Chillemi has more than 25 years of experience in regulatory affairs, government relations and compliance across a number of fintech companies and law firms. In just a few years, Figure has become the number one nonbank HELOC provider, largely because the capital markets and regulators are supportive of our modern approach.

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Housing Wire

NOVEMBER 28, 2023

Through the acquisition, ASG hopes to modernize the appraisal industry by providing innovative valuation products and solutions and complete new property data reports required by government-sponsored enterprises (GSEs).

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Housing Wire

FEBRUARY 10, 2025

Even if the CFPB remains inactive, the statutes governing our industry remain fully enforceable. The Mortgage Bankers Association (MBA) has already indicated that many of its reform recommendations for loan officer compensation and RESPA modernization are on hold, pending further regulatory clarification.

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Housing Wire

SEPTEMBER 13, 2024

The Appraisal Institute now faces a backlash from members who support Chance , a veteran nonprofit leader who joined roughly a year ago and pledged to make governance reforms and support the work of on-the-ground appraisers. “We want to reassure you that we take our mission as Directors of the Appraisal Institute seriously. as Hispanic.

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Housing Wire

OCTOBER 5, 2023

Mortgage-backed securities have cheapened to some of the widest levels in modern history in the past few weeks as global investors sell off government bonds and central bankers in Europe and the U.S. double-down on stiff monetary policy, according to Bloomberg.

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Housing Wire

AUGUST 4, 2022

To help bring you the latest regulatory and government updates that you need to be aware of, we’re excited to include the Regulatory Super Session at HousingWire Annual on Oct. This super session will provide the insights you need to know when it comes to what’s happening in the government and in housing regulations.

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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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Housing Wire

OCTOBER 18, 2022

Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets. Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S.

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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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Housing Wire

JULY 10, 2024

We have long advocated for modernizing the loss mitigation framework under Regulation X and appreciate the Bureau’s efforts to simplify and streamline the process,“ the statement read. “The CFPB’s proposal would reduce avoidable foreclosures and make the mortgage market more resilient during future crises.”

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Housing Wire

FEBRUARY 22, 2023

This new partnership with Freddie Mac is another important milestone in our journey to unlock the modern mortgage,” Bodda said. According to the statement, then move made Experian “one of the few providers who are authorized report suppliers for both government-sponsored enterprises (GSEs).”

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Housing Wire

AUGUST 2, 2024

Singh explains that modern AI tools require increasingly larger amounts of data than ever before. CoreLogic relies on an internal governance structure to guide its use of AI solutions based on what happens in the larger regulatory market.

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Housing Wire

SEPTEMBER 7, 2023

The Appraisal Institute has been criticized for a lack of diversity in its ranks and acknowledged a need to modernize. The appraisal industry is under scrutiny from various federal agencies and the government-sponsored enterprises over claims of racial bias. According to the group’s own statistics, 78% of U.S. as Hispanic.

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Housing Wire

JULY 11, 2024

The use of these modernized credit score models will enhance risk management while furthering sustainable access to credit for consumers.” VantageScore explained in its own announcement that the datasets include 25 million loan-level records for Fannie Mae and 20 million for Freddie Mac.

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Housing Wire

JULY 21, 2023

Under the FHA Modernization Act of 2008 , sellers, lenders and others with a financial interest in a real estate transaction are prohibited from providing DPA to FHA borrowers. If this change were made, the FHA program would join the other government-insured programs offered by the U.S. Bush administration in 2004. “If

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Housing Wire

SEPTEMBER 17, 2024

The federal government is launching a campaign on Zillow to help provide housing counseling services to more Americans. At Zillow, we are committed to getting more people home,” said Jennifer Butler, VP of government affairs at Zillow. “We The Department of U.S.

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Housing Wire

JUNE 9, 2021

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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Housing Wire

AUGUST 3, 2022

AMCs, potentially even more so than firms who do business with the government-sponsored enterprises, are heavily influenced by changes to conventional appraisal standards. “The tech involved in those modernized products prevents human to human interaction,” Oglesby said.

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Housing Wire

JULY 10, 2024

In one recent instance highlighted by the Los Angeles Times , one family turned to an ADU after finding limited options and is poised to see a loved one live in a modern, age-appropriate setting. A full-sized kitchen with a washer and dryer is made even more convenient thanks to an island on wheels that can be moved if it’s in the way.”

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Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. appeared on Appraisers Blogs.

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Housing Wire

SEPTEMBER 26, 2024

Government policies : Programs like mortgage forbearance kept homes off the market, tightening supply (Urban Institute). A modern solution for an evolving market The American Dream of homeownership is at risk but adopting longer mortgage terms could restore that dream for millions of middle-class Americans.

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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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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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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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Housing Wire

DECEMBER 5, 2024

It called these the most extensive updates of their kind in three decades as the department seeks to modernize the features of manufactured homes to drive demand. Despite that attention, however, some in the industry have chafed at the portrayal of land-lease communities by government housing authorities.

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Housing Wire

DECEMBER 1, 2020

A simple, ancient practice, one that often goes unnoticed despite the critical role it plays in the lives of millions of Americans, is getting modernized. They have developed technologies that update the process to mirror the modern way you do your banking, shop, and do pretty much everything else: by using the internet.

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Housing Wire

AUGUST 29, 2024

area, according to the Attorney General for the District of Columbia Allied Title & Escrow, LLC (Allied), KVS Title, LLC (KVS), Modern Settlements, LLC (Modern), and Union Settlements, LLC (Union) will pay $1.9 Four title insurance firms have agreed to pay nearly $3.3 million, $1 million, $325,000 and $65,000, respectively.

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