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CFPB ‘quietly’ affirms support for HUD counselors partnering with mortgage originators

Housing Wire

Department of Housing and Urban Development (HUD)-approved counselors can use fee for pre-purchase counseling and homeownership education services. The change was confirmed through a LinkedIn post by HUD Deputy Assistant Secretary for Housing Counseling David Berenbaum. This list is provided for ease of reference.

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Roof AI powers its sales assistant with OpenAI technology

Housing Wire

For specific questions such as ‘What’s the difference between pre-approval and a prequalification?’ “For For specific questions such as ‘What’s the difference between pre-approval and a prequalification?’, This is designed to keep user engaged on brokerage sites, foster trust and enhance their overall experience.

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Mortgage infrastructure platform Pylon raises $8.5M in seed round

Housing Wire

Headquartered and founded by Trent Hedge and Marco Monteiro earlier this year, the firm’s unified stack offers a white-labeled interface that can pre-fill loan applications in addition to instantly verifying income, assets and pulling credit, according to its website. . Startup Pylon raised $8.5

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To expand housing counseling services, HUD taps Zillow

Housing Wire

Department of Housing and Urban Development (HUD) on Tuesday also will publish a new final rule in the Federal Register to expand accepted communication methods for counseling clients. The federal government is launching a campaign on Zillow to help provide housing counseling services to more Americans. The Department of U.S.

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How to get a Massachusetts real estate license in 5 easy steps

Housing Wire

State law requires you to complete a 40-hour course at an approved Massachusetts real estate school to begin the process. Complete a 40-hour prelicensing course Before you can sit for the Massachusetts real estate licensing exam, you must complete 40 hours of approved prelicensing education. You need to score at least 70% to pass.

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Opinion: To support low-income borrowers, return Fannie Mae and Freddie Mac to the private sector

Housing Wire

While the conservatorship has allowed for the mortgage market to be restored to its pre-crisis state and strengthened these two government-sponsored entities (GSEs), there are significant downsides to maintaining the status quo indefinitely. Obviously, that has not happened. So how do we get there? Is there a role for Congress?

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Lower debuts white label mortgage platform

Housing Wire

In a letter to shareholders following its first quarter earnings, Opendoor said it is preparing to launch a fully digital financing product that can provide a pre-approval in less than 60 seconds with Lower as a “strategic partner.”. Lower originated $4.19 billion in production volume in 2022, down 46.9%

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