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Is there racial bias baked into GSE underwriting?

Housing Wire

A recent syndicated article on racial bias from The Markup on racial bias, published by ABC news, AP, Market Watch and more, has drawn a great deal of attention from trade groups, policy makers and housing advocates with support from some and attacks from others. First , I take issue with the article for a few reasons.

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The growing support for female mortgage executives

Housing Wire

After speaking with several other female mortgage executives in celebration of International Women’s Day, I wanted to take the opportunity to highlight a few women leaders who are making waves. Prior to joining Flagstar, she spent 15 years with Fannie Mae. have been recognized as Guardian-level donors of the organization.

Mortgages 446
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What Types of Loans Can You Get for an Investment Property?

Marco Santarelli

The motivation behind this article is to educate you on the different kinds of loans you get for an investment property. In most areas, this is $417,000 for a single family home, but the amount is higher in certain areas, like Hawaii or metropolitan cities. Let us discuss the 4 most popular types of mortgages in real estate.

Loans 98
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ANSI Z765: Finally Required After 26 Years

McKissock

s, American National Standard for Single-Family Residential Buildings, SQUARE FOOTAGE-METHOD FOR CALCULATING: ANSI Z765. Now, 26 years later, Fannie Mae has announced that appraisers will be required to comply with ANSI Z765 as of April 1, 2022. Fannie Mae. Freddie Mac. How I got the first copy.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.

Lending 96
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What to Know About Buying a House: 11 Things to Know Upfront

HomeLight

Buying a home is one of the biggest decisions you’ll ever make in your life. In this article, we’ll take a look at what to know about buying a house as a first-time homebuyer as well as give tips for how to avoid buyer’s remorse. It can be an overwhelming process with plenty of room for catastrophic mistakes.

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Here’s A Look at The Pros and Cons of Purchasing a Home After 60

HomeLight

In this article, we’ll take a closer look at the pros and cons of owning and renting a home after 60, provide a glimpse into what condo life entails, and dive into the financial component of buying your next property. A study from the National Association of Realtors (NAR) found that 33% of homebuyers in 2022 were over the age of 57.