Appraisal Buzz

AUGUST 12, 2024

Speakers and panelists will delve into topics such as artificial intelligence (AI), cybersecurity, and mortgage servicing technology innovations. Previously, Callahan served as SVP of Mortgage Servicing Technology at Mr. Cooper. The MTech Forum , set for Wednesday, September 25 from 9:00 a.m.-11:55

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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

OCTOBER 2, 2023

Mortgage tech company Xactus announced that its valuation solution Appraisal Firewall X has met federal requirements and is capable of fulfilling Fannie Mae property data collection orders. ” Fannie Mae’s program is part of its ongoing efforts to modernize the valuation component of the mortgage industry. .

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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

JULY 10, 2024

The Consumer Financial Protection Bureau (CFPB) on Wednesday announced a newly proposed rule that would amend Regulation X and require mortgage servicers to emphasize borrower assistance and loss-mitigation options over foreclosure when a borrower struggles to make their required mortgage payments.

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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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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. The Mortgage Bankers Association supports the legislation. Currently, all VA appraisals must be performed in-house. Sponsored Video.

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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. Chillemi was Deputy General Counsel at Better, a mortgage lender, and General Counsel at Aven before coming to Figure.

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Housing Wire

JANUARY 31, 2024

Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG). We had some in the market, pre-2008.

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Housing Wire

JULY 21, 2023

Lifting a ban on mortgage lenders providing down payment assistance (DPA) to Federal Housing Administration (FHA) borrowers would help underserved borrowers become homeowners, according to a paper published by the Urban Institute. If this change were made, the FHA program would join the other government-insured programs offered by the U.S.

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Housing Wire

AUGUST 2, 2024

Singh explains that modern AI tools require increasingly larger amounts of data than ever before. The data’s accuracy plays a large role, especially when companies use AI for key decision-making processes like mortgage underwriting.

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Appraisal Buzz

MARCH 21, 2024

Jason Cave, former chief fintech officer and deputy director for the FHFA, has joined the board of advisors at Argyle , a provider of automated income and employment verifications for mortgage lenders. Cave has more than three decades of experience in U.S. banking regulation.

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Housing Wire

JULY 19, 2022

We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Distrust : Consumer trust has fallen across all sectors of business and government in the U.S. We partnered with HousingWire to release a few excerpts from the report.

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Housing Wire

DECEMBER 2, 2020

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. The message was clear: if you weren’t already invested in new digital mortgage experience, then your competition already beat you to the sale.

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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

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

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

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. Credit standards for home-only applicants are much higher than for buyers seeking a mortgage, and this helps explain the high denial rates.

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Appraisal Buzz

JULY 22, 2024

Join this panel of cybersecurity specialists and industry thought leaders for a discussion of emerging threats, data protection, and the role of technology in fortifying mortgage servicing operations. The four-hour Mortgage Servicing Forum, set for Wednesday, September 25 from 1:30 p.m.-5:00

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Housing Wire

AUGUST 31, 2022

The executive will be responsible for strengthening Xactus’ regulatory compliance framework and administering regulatory changes required by the credit and mortgage industries, the firm said. Gloudeman started on Tuesday. . where he left as chief compliance and regulatory counsel.

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Housing Wire

JUNE 7, 2022

From mortgage origination to servicing, companies are constantly grappling with high volume and stringent regulatory oversight while managing a large cohort of vendor partners. Smaller mortgage originators often deal with this problem by throwing more people at it. We’re seeing mortgage executives and workers retiring at record rates.

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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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Housing Wire

AUGUST 3, 2022

In 2018, Class Valuation, then Class Appraisal, acquired reverse-mortgage focused AMC Landmark Network. Arcapita said at the time that with “appraisals being a regulatory requirement for mortgages for new home purchases, refinancing, and foreclosures, the $7.5 The acquisition is Class Valuation’s fifth in recent years.

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Housing Wire

JANUARY 10, 2023

However, all of the concerns from last year threaten to carry over — from the fear of recession to stubborn high home prices and the stickiness of sub 3% mortgage rates that keep future buyers firmly planted in their existing homes. And yet the MBA Mortgage Finance Forecast for 2023 has some bright spots in it.

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Housing Wire

AUGUST 2, 2023

Government-sponsored enterprise Fannie Mae this week released new updates to its appraiser independence requirements (AIR), and also established new property data independence requirements (PDCIR) simultaneously. Fannie Mae published a new frequently asked questions (FAQ) document related to AIR this week.

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Housing Wire

JUNE 9, 2021

He’s right and we disagree with the Community Home Lenders Association ’s assertion that such an affirmative obligation should not also extend to independent mortgage companies. Bank CRA obligations cover far more than their mortgage lending. They stepped into the void created as some large banks retreated from the mortgage market.

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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. ” “Throughout the COVID-19 pandemic, FHFA has actively monitored the pandemic’s impact on mortgage market participants’ use of the temporary selling policies,” the FHFA said in a release.

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Housing Wire

MARCH 21, 2023

The government-sponsored enterprise (GSE) approved six vendors following the roll-out of its new valuation initiative. The list includes some of the biggest names in the mortgage tech space — Solidifi, Class Valuation , Clear Capital , Mueller Services, Inc. Accurate Group and Black Knight ‘s Collateral Analytics LLC.

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Housing Wire

DECEMBER 30, 2022

The first is the overall business transformation that’s taking place in the mortgage industry. We’re seeing new energy and new initiatives in this area at many mortgage and housing agencies. That I’m proud of the role that they are playing in helping modernize mortgage production and the secondary market? Because I am.

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Housing Wire

NOVEMBER 19, 2021

The Consumer Financial Protection Bureau (CFPB) is launching a voluntary review of its mortgage data collection — a key tool in bringing redlining cases — to assess its effectiveness in detecting discrimination. The agency also uses HMDA data to identify and call attention to systemic issues in mortgage lending.

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Housing Wire

JUNE 8, 2022

The government-sponsored enterprises, Fannie Mae and Freddie Mac , allow for the commingling of digital and paper notes in securitized mortgage pools. ” “We just have to do a little bit of modernization and we will be able to deliver that,” she said. Our programmers are busily coding.”.

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Housing Wire

MAY 24, 2023

House of Representatives took the opportunity during a hearing this week to ask Federal Housing Finance Agency (FHFA) Director Sandra Thompson about a proposed change to the FICO Classic credit model, inquiring about the potential impacts on credit availability and mortgage financing for constituents. David Scott (D-Ga.)

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Clear Capital

MARCH 23, 2022

Last year’s acquisition of CubiCasa by Clear Capital, a national real estate valuation technology company, was just one step in the firm’s overall mission to modernize the appraisal process, a top official told Mortgage Professional America. READ FULL STORY.

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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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Housing Wire

JULY 12, 2022

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. Beginning July 17, Freddie Mac will accept some mortgages with hybrid appraisals — but the list of caveats is lengthy. Mortgages for manufactured homes, investment properties, duplexes and fourplexes are not eligible.

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Housing Wire

JANUARY 25, 2023

We’ve been very involved in appraisal modernization [and] investment over the past five years,” Kenon Chen, EVP of corporate strategy at Clear Capital, said. “We’re We’ve been a company that’s been investing very heavily in bringing data analytics and technology into the valuation space.

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Housing Wire

AUGUST 7, 2023

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. MERS provided a trusted “golden record” of the owner of the mortgage loan asset, Simplifile reaches the county recording end-points, IDC integrated $5.2B

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