Wed.May 01, 2024

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Agencies aim to standardize ‘first-generation homebuyer mortgage’ definition

Housing Wire

This has led to the development of policies by state and local housing finance agencies to aim assistance specifically at this group, particularly for “mortgage eligibility or down payment and closing costs assistance.” Identification of a loan under these conditions is currently optional, the bulletin explained.

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Longtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA

Housing Wire

He also works as vice president of field retail and director of government relations at Finance of America Reverse (FAR). I started my journey with Jim Mahoney with Financial Freedom and ended it with Kristen Sieffert with Finance of America, so I learned from two of the real giants in our industry.”

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Zillow believes the evolution of the industry will only help it grow

Housing Wire

Looking ahead, Zillow executives said they are continuing to focus on the firm’s five growth pillars of touring, financing, seller solutions, enhancing its partner network and rentals. In a hostile housing market and a noisy industry environment, why is Zillow outperforming?” he posited.

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Help Your Clients Save Thousands with a VA Loan Assumption

Lab Coat Agents

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. As a real estate agent, understanding how VA loan assumptions work and how to guide your clients through the process can set you apart from the competition and help you better serve your clients’ needs.

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Freddie Mac expands use of AOLs in selling guide update

Housing Wire

The moves by the GSEs are part of their Equitable Housing Finance Plans , which are required by their regulator, the Federal Housing Finance Agency (FHFA). The initial version of the GSEs Equitable Housing Finance Plans were approved by the FHFA in the summer of 2022.

Title 319
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HUD and FHA announce new appraisal bias protections

Housing Wire

The Reconsideration of Value (ROV) policy represents months of collaboration with the Federal Housing Finance Agency (FHFA) to develop an aligned approach for both FHA-insured mortgages and those purchased or guaranteed by Fannie Mae and Freddie Mac ,” the department said. Handbook at a later date.