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CSBS takes cues from GSEs on nonbank servicer standards

Housing Wire

The standards largely align with those the GSEs – Fannie Mae and Freddie Mac – already have for their servicers. The standards provide states with uniform financial condition and corporate governance requirements for nonbank mortgage servicer regulation while preserving local accountability to consumers,” said CSBS CEO John Ryan.

Principal 370
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These mortgage lenders are making major job cuts as production plummets

Housing Wire

This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed 7%,” Sam Khater, Freddie Mac’s chief economist, said in a statement.

Mortgages 367
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Mina Kimes and Phil Yu Headline AREAA 2022 National Convention

Realty Biz

He is also the co-author of New York Times’ best-seller RISE: A Pop History of Asian America from the Nineties to Now. AREAA Unplugged features a variety of industry leaders including: Dionne Cuello, National Diverse Market Segments, Citi Mike Dawson, Vice President of Affordable Lending Strategies, Freddie Mac M.

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Remember liar loans of a decade ago? Those same people want to do away with appraisers.

Miller Samuel INC

My friend and appraisal colleague Ryan Lundquist and I authored a petition on change.org to point out the growing wreckless behavior that is enveloping the mortgage process. There’s a proposal from the FDIC, Federal Reserve, and Treasury Department not to require appraisals for some mortgages under $400,000.

Loans 80
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FHFA: No delay on 50 bps fee, but open to “engagement”

Housing Wire

Freddie Mac and Fannie Mae did not immediately respond to requests to comment. The Urban Institute today issued a report decrying the fee, authored by its researchers Laurie Goodman, co-founder of the Housing Finance Policy Institute, Jim Parrott, a former Obama administration senior advisor, and Bob Ryan, a former senior advisor at the FHFA.

Investor 286
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Can 3-D printed homes help solve the housing crisis?

Housing Wire

Last May, Sam Khater, chief economist for Freddie Mac , the government-sponsored enterprise and mortgage purchaser, issued a report with the grim conclusion: “Inventory of both new and existing homes for sale is currently at a historical low.”. Homebuilders are at a crossroads,” McCoy said. They’re stressed on so many fronts right now.”.

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Looking Back on 2021

GeekEstate

Ryan Coon // Co-founder & CEO, Avail. Ryan: As expected, the government stepped up in a big way to support landlords in renters who were affected by the pandemic. We’ve also seen efforts to increase reporting of on-time payments by entities like Freddie Mac and Esusu. Verdict: Win. Verdict: Win.