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Appraisal Logistics brings 2 new execs on board

Housing Wire

Appraisal management technology and compliance solutions provider Appraisal Logistics has named Anthony Savala as senior vice president of sales and Nicholas Turansky as national account director. Anthony Savala, SVP at Appraisal Logistics. Nicholas Turansky, national account director at Appraisal Logistics.

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New MBA securities proposal mentions HMBS 2.0 as ‘logistical template’

Housing Wire

The Mortgage Bankers Association (MBA) this week published a proposal for Ginnie Mae to develop a new mortgage securitization product that could boost the availability of private capital liquidity sources into the market, particularly in periods of stress for the U.S. could serve as a logistical template for such a product.

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The long road to remote reverse mortgage counseling in Massachusetts

Housing Wire

From 2010 to 2024, the reverse mortgage industry sought to allow remote reverse mortgage counseling in the state of Massachusetts, citing an insufficient number of actual counselors and logistical challenges for senior clients. Logistically difficult’ Industry reactions at the time were swift.

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Mortgage industry takes another stand against the FHFA’s DTI fee

Housing Wire

It’s been delayed, but that’s not enough for the mortgage industry. “There is a reason the revised general Qualified Mortgage (QM) definition excludes the DTI ratio: Studies demonstrate that as a stand-alone measure, DTI is not a strong indicator of a borrower’s ability to repay.”

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Reverse mortgage industry prepares for annual meeting in San Diego

Housing Wire

The National Reverse Mortgage Lenders Association (NRMLA), the reverse mortgage industry’s leading trade association, is preparing to host its 2024 Annual Meeting and Expo on Sept. The event is typically the largest, most expansive meeting for a wide variety of reverse mortgage professionals. 24-26 in San Diego.

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Porch acquires mortgage software firm Floify for $90M

Housing Wire

The firm announced Wednesday that it has acquired Denver-based digital mortgage automation and point-of-sales software company Floify. It also previously acquired insurance broker Elite Insurance Group , logistics and moving services firm Kandela and personal services company HireAHelpe r. The acquisition cost Porch about $76.5

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Ginnie Mae annual report touts HMBS 2.0 work as commitment to reverse mortgage space

Housing Wire

Ginnie Mae this week released its fiscal year 2024 financial report , which describes how the company has aimed to provide liquidity to the mortgage industry, accessibility to affordable housing and value to U.S. may also have potential implications beyond the reverse mortgage sector. We believe the rollout of the new HMBS 2.0

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