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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

The GSEs should “increase certain loan purchases” in Duty to Serve markets; develop new and accessible loan products and programs; and evaluate new business partnership opportunities. Better loan products to serve “high-needs rural regions” should also be developed.

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Financial services firm Consolidated Analytics acquires Real Info

Housing Wire

Consolidated Analytics serves clients in financial services, mortgage lending, servicing and capital markets, including banks, government-sponsored enterprises (GSEs) and originators.

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FHA adds 40-year loan term to COVID-19 arsenal

Housing Wire

Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. The Department of Housing and Urban Development said that the implementation of such an option could prevent “several thousand borrowers a year from foreclosure.”

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Housing Tech Rundown: Quantarium, Equifax and Ellie Mae

Housing Wire

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. In September, Ellie Mae was officially acquired by Intercontinental Exchange.

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Five Types of Forclosure and Tips for Purchasing Each Type

Realty Biz

Bank-Owned Properties. Properties that did not sell at auction go into the lending bank’s sole ownership. These are referred to as REO or real estate owned. Government registered brokers must be contacted to make a purchase on a government owned property. John McCormack, Albuquerque Home Expert.

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What Is Foreclosure?

Rent, Buy & Sell

Mortgage lending discrimination is illegal. Department of Housing and Urban Development (HUD).78 Special forbearance —If the borrower has a temporary financial hardship, such as medical bills or a decrease in income, then the lender may agree to reduce or suspend payments for a set amount of time.

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Warning: Housing Bubbles Tend to Burst. Here’s How Agents Can Prepare

The Close

Builders were selling homes by lottery, and real estate agents were living large—and so was I. Like many others, I owned multiple properties and I was building custom homes on the side for big profits. As agents, we knew that 100%, no-document lending was wrong, but we didn’t know the consequences. I was fortunate.

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