Housing Wire
OCTOBER 21, 2024
” The spokesperson continued: “It is clear the government isn’t interested in their own rules, or facts, and are simply including us in this case to score headlines based on our strong brand and prominent position in the industry.
Housing Wire
MAY 12, 2021
If she is unable to wait the six months or more it could take to finish construction, she may forgo her hard-earned government benefit altogether. From a risk-profile perspective, in addition to the government guarantee that veteran borrowers command, VA borrowers have much lower default rates than FHA loans, another government-backed loan.
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Housing Wire
AUGUST 6, 2024
Department of Housing and Urban Development (HUD), the FHA and the government-sponsored enterprises (GSEs) in collaboration with the Federal Housing Finance Agency (FHFA) — was designed to ”develop an aligned approach for both FHA-insured mortgages and those purchased or guaranteed by” the GSEs, HUD explained.
Housing Wire
DECEMBER 11, 2020
Earlier this year, citing the extraordinary circumstances that the country is facing with the ongoing spread of the coronavirus, the Federal Housing Finance Agency directed the government-sponsored enterprises to ease their standards for both property appraisals and verification of employment.
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.
Housing Wire
MARCH 8, 2023
Eligible loans that have an appraisal waiver can receive a clear to close within hours of the borrower uploading required docs, Guaranteed Rate said in an e-mailed response. Loans that require appraisal are still 100% eligible for Same Day Mortgage, the company noted.
Housing Wire
AUGUST 3, 2022
Arcapita said at the time that with “appraisals being a regulatory requirement for mortgages for new home purchases, refinancing, and foreclosures, the $7.5 billion real estate appraisal services market has cumulatively grown by 32% since 2008.”.
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