Housing Wire

APRIL 24, 2023

The federal Housing Choice Voucher (HCV) program is a powerful tool to help low-income families find apartments they can afford, but the program isn’t reaching its potential because far too few landlords participate in it. Ronald Terwilliger Center for Housing Policy. Why don’t landlords participate?

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Inspection Development As-is Design 377

Housing Wire

SEPTEMBER 12, 2023

With mortgage rates above 7%, historically low levels of housing inventory, defaults in commercial real estate, and a series of potentially onerous regulations to come, Mortgage Bankers Association President and CEO Bob Broeksmit said the trade group is doing all its can to influence policymakers. House of Representatives.

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Industrial Banks Finance Commercial 374

Housing Wire

DECEMBER 21, 2021

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opporThe FHFA and HUD are vigorously pursuing equitable housing goals, which means big changes for lenders. HUD is coordinating with FHFA to ensure fair housing and fair lending across the board. Get More Info.

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Lending Residential Finance Loans 319

Housing Wire

JANUARY 27, 2023

As housing prices remain high across the nation, the Biden administration is taking action. The administration announced new actions earlier this week to protect access to housing and make rentals more affordable. According to the White House, roughly 35% of the U.S. The focus will also be put on the multifamily market.

Finance 376

Finance Development Inspection Mortgages 376

Housing Wire

FEBRUARY 1, 2024

There are several factors to cite but I want to highlight a key area that may be taken for granted — that not everyone receives a fair home appraisal. Stifled The Fair Housing Center of Metropolitan Detroit shared that loan denial rates in Detroit, due to the appraised value of a home (a.k.a. Okay, but that was 20 years ago.

Lending 370

Lending Equity Development Loans 370

Housing Wire

MAY 31, 2023

housing market is not a monolith, so today we’re going to look at some markets where affordability is within the normal renter’s reach. However, rapid house price appreciation during the pandemic dragged Salt Lake City near the bottom of the affordability list. But the U.S. markets,” Potapov wrote. Let me know at james@hwmedia.com.

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Construction Mortgages Marketing Sales 317

Housing Wire

OCTOBER 16, 2020

The LGBTQ+ Real Estate Alliance organization announced that it is partnering with the National Fair Housing Alliance (NFHA) and has landed its first corporate sponsor, Engel & V?lkers. The post National Fair Housing Alliance partners with LGBTQ+ Real Estate Alliance appeared first on HousingWire. Engel & V?lkers

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Equity Development Land As-is 477

Housing Wire

OCTOBER 18, 2023

The Federal Housing Administration (FHA) is working to offer a new partial claim option before the end of 2023, according to the federal housing commissioner at the U.S. Department of Housing and Urban Development (HUD), Julia Gordon. But, per the MBA, it takes on average about $2,500 to close a government loan.

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Loans Mortgages Lending Closing 366

Housing Wire

MARCH 10, 2022

According to Fannie Mae , in a working paper entitled “ Mortgage costs as a share of housing costs—placing the cost of credit in broader context ,” the average low-income, first-time homebuyer has about $28,000 for a down payment. In 2020, about 4% of Fannie Mae-acquired purchase loans went to Black borrowers.

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Lending Loans Mortgages Finance 371

Housing Wire

AUGUST 5, 2022

Much of the feedback that trade associations, fair housing groups and community advocacy groups submitted had common threads. Numerous organizations criticized the agencies for not proposing to grade banks based on data about their minority lending. Louis Equal Housing and Community Reinvestment Alliance.

Banks 388

Banks Debt-to-income ratio Lending Loans 388

Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. The Fed’s primary objective is to promote a strong U.S.

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Fixed-rate mortgage Agents Marketing Lending 426

Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. Special purpose credit programs allow lenders to target loan products to benefit protected classes without running afoul of fair lending law.

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Lending Finance Banks Equity 349

Housing Wire

JANUARY 24, 2022

The report, commissioned by the Appraisal Subcommittee and led by the National Fair Housing Alliance , found that the appraisal industry, in sharp contrast to other sectors in housing finance, has been allowed to regulate itself. The regime has limited its accountability and enforcement systems. But this is true.

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Lending Industrial Finance Sales 363

Housing Wire

JULY 25, 2023

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. A lot of my clients will get insurance quotes three months into the project and then about a year later they are getting their final quote. times their hourly billing rate should the court rule in favor of the policy holder.

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Marketing Debt-to-income ratio Agents Construction 340

Housing Wire

MAY 19, 2022

The Community Home Lenders Association (CHLA) sent a letter, signed by 41 independent mortgage banks, to the Federal Housing Administration (FHA) on Wednesday urging the administration to cut mortgage insurance premiums. We will continue to be judicious about if, when, and how we consider changes to FHA’s mortgage insurance premiums.”.

Loans 403

Loans Mortgages Equity Banks 403

Housing Wire

JULY 26, 2023

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We Insurance policies for homeowners are skyrocketing. The result? If homeowners can get them at all. “It That number will undoubtedly climb in the coming years.

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Marketing Loan Officer Construction New Construction 345

Housing Wire

MAY 23, 2022

They changed the phrase to “a rising tide lifts all yachts,” sarcastically suggesting a society with vast disparities in wealth and assets and little by way of fairness. While the tide analogy was meant to refer to the entire economy, it works well in the housing sector as well. The average gig worker makes $29,000 per year.

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Equity Finance Development As-is 327

Housing Wire

JANUARY 11, 2024

But at this point it really isn’t about NAR, it is about the future of the industry. Now it is a fair question to wonder if NAR is going to go insolvent or be hamstrung with these lawsuits.” Mauricio and I have been in touch about collaborating,” Haber said. “He There was just no proper messaging.”

Industrial 425

Industrial Agents As-is Mortgages 425

Housing Wire

JANUARY 24, 2023

Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices. ” According to Selden, the rule is clear.

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Lending Loans Mortgages Loan Officer 337

Housing Wire

JANUARY 10, 2023

For those of us in housing finance, the calendar year change really does mean something. But in 2023, action seems particularly needed because none of the greatest opportunities to move the ball forward in housing will come easy. Housing Affordability. The idea of a holistic approach to housing continues to resonate with me.

Industrial 347

Industrial Finance Mortgages Equity 347

Housing Wire

APRIL 24, 2023

Despite efforts by some in the housing industry, the minority homeownership gap has barely improved in the last 30 years. Roosevelt enacted the Federal Housing Administration (FHA) as part of the New Deal to provide small down payment home loans for working-class Americans. Much of this disparity can be traced to red-lining policies.

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Closing New Construction Loans Equity 320

Housing Wire

NOVEMBER 30, 2022

Credit reports are getting a lot pricier, and some mortgage lenders are none too pleased about it. 22, the National Consumer Reporting Agency told its members that the “vast majority” of mortgage lenders would see price increases between 10% and 400% from Fair Isaac Corp. In a letter dated Nov.

Mortgages 372

Mortgages FHA loan Loans Closing costs 372

Housing Wire

OCTOBER 29, 2021

The Consumer Financial Protection Bureau (CFPB) has appointed two veteran regulators to lead enforcement and supervision, the latest indication that Director Rohit Chopra will heavily prioritize fair lending and racial equity issues. Halperin was most recently the CEO of Civil Rights Corp., a legal defense nonprofit.

Lending 321

Lending Equity Mortgages Closing 321

Housing Wire

JANUARY 13, 2022

When Missouri federal judge Stephen Bough unsealed a sworn declaration last week from Coldwell Banker CEO Ryan Gorman in a sprawling antitrust lawsuit about real estate commissions, it prompted disquiet among real estate agents, including those who work at Gorman’s company. “My Justice Department antitrust inquiry into NAR.

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Brokerage Agents MLS Industrial 320

Housing Wire

MARCH 1, 2023

For decades, the housing industry has viewed climate risk as a fairly straightforward issue. The Federal Housing Finance Agency (FHFA) issued a request for information in January 2021 focused on Climate and Natural Disaster Risk Management at Fannie Mae , Freddie Mac, and the Federal Home Loan Banks. You build the home to code.

Industrial 340

Industrial Banks Loans Design 340

Housing Wire

MARCH 11, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. The FHFA said it will continue to monitor the coronavirus situation and update policies as needed, though much of it will depend on the dispersing of an effective vaccine.

Lending 481

Lending Inspection Loans Finance 481

Housing Wire

JUNE 15, 2022

Fannie Mae and Freddie Mac ’s pricing frameworks may see changes to better serve “core mission borrowers,” according to the Federal Housing Finance Agency (FHFA). For both Fannie Mae and Freddie Mac, “Diversity and inclusion and fair lending oversight need attention,” it wrote.

Banks 340

Banks Loans Finance Mortgages 340

Housing Wire

FEBRUARY 14, 2022

Alipour gushed about Redfin’s training program, and she accessed maternity leave benefits other agents lack. And while former agents have nice things to say about Redfin, they also leave in droves. Redfin was not the only brokerage to cut agents at the pandemic’s start only to go on a hiring spree when the housing market got hot.

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Brokerage Agents Industrial Sales 361

Housing Wire

SEPTEMBER 22, 2020

So who could possibly be thinking about compliance right now, except maybe, compliance officers? Things like the Fair Housing Act and Dodd-Frank are still with us, no matter how aggressive or lax you believe the agencies responsible for enforcing them should be or are. Is it working? Is someone keeping an eye on it?

Lending 325

Lending Loan Officer Technology Mortgages 325

Housing Wire

NOVEMBER 13, 2023

Pass Guarantee or Refund Policy: Florida Real Estate School does not offer a Pass Guarantee, but it does offer a refund on prelicensing and post-licensing courses if a “refund form” has been filled out before 7 days have elapsed from purchase. Course Access: Two-year access from the date of enrollment (no retake or review fees).

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Purchase and sale agreement MLS Pre-approval Agents 386

Housing Wire

SEPTEMBER 16, 2021

Kully previously worked at the Department of Housing and Urban Development as a senior attorney, in the legal division at Fannie Mae and as a partner at K&L Gates. Below, Kully answers questions about the industry: HousingWire: To start off, what is your current favorite HW+ article? McCargo’s nomination.

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Finance Industrial Lending Development 311

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. housing policy, it is being executed in a very complicated manner.

FHA loan 331

FHA loan Loan Officer Loans Mortgages 331

Housing Wire

APRIL 22, 2022

Below, Blanchard answers questions about the housing industry: HousingWire: What were some of your biggest takeaways from last year’s HW Annual event? I arrived back home, not just with Logan’s insight about what to expect in the year to come, but also where the future of our industry is headed.

Industrial 370

Industrial Equity Land Mortgages 370

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Marketing Equity Mortgages Short sale 486

Housing Wire

MAY 27, 2022

The bureau also urged whistleblowers in the tech field to come forward with information about companies violating ECOA. When families and regulators do not know how decisions are made by these algorithms, we are unable to participate in a fair and competitive market, free from illegal bias.”. There is no exception,” it added.

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Lending Principal Technology Mortgages 414

Housing Wire

OCTOBER 28, 2022

All Things Housing. HousingWire Annual is where the community from across the housing ecosystem comes together to share strategies, drive business, discover new technologies, discuss best practices, and meet industry leaders. 06 The Good, the Bad, and Things We Need to Talk About – A Real Conversation Around Work-life Balance.

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Title Lending Finance Development 363

Housing Wire

DECEMBER 8, 2023

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction. Visit ASREB Overview With a 77.5%

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HR Purchase and sale agreement Pre-approval Staging 324