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HousingWire
- It’s time we put the guardrails up and protect consumers from abusive trigger leads October 29, 2024Already intimidated by the multitude of financial requirements that come with securing a mortgage, the borrower becomes even more overwhelmed by the hundreds –sometimes thousands–of emails, calls and texts they receive from an unaffiliated third-party vendor after they pull their credit score. This invasive and often abusive marketing blitz, known as “trigger leads,” can open […]
- Property data collection-based appraisal waivers, UPD and the future of appraisals October 29, 2024In today’s mortgage landscape, appraisals are a critical component of the loan origination process. To stay competitive, lenders need to adopt a comprehensive approach to collateral management that reduces risk and provides value to their customers and partners in the mortgage ecosystem. Scot Rose from Class Valuation explores current trends and offers strategies to help […]
- Douglas Elliman fires brokerage CEO Scott Durkin October 28, 2024Durkin’s dismissal came just days after the firm announced the retirement of parent company CEO Howard Lorber. Michael Liebowitz, the firm’s board director, was named the new chairman and CEO.
- The Loan Store partners with Gateless for AI-powered mortgage underwriting October 28, 2024The AI-based platform, a new addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities.
- New objection to NAR settlement targets business practice changes, plaintiffs’ attorneys fees October 28, 2024University of Buffalo law professor Tanya Monestier claims in a 132-page objection that the settlement “is the worst of all possible worlds.”
- The unexpected strength of home prices this year October 28, 2024Given mortgage costs, weak homebuyer demand, and the year’s rising supply of unsold homes, home prices should have receded. They have not.
- FHFA expands fee-based alternative to repurchase loans to all approved lenders October 28, 2024Through the pilot program, instead of repurchasing defective – but performing – loans within the first 36 months of origination, lenders pay a fee based on the defect rate of their performing loan deliveries to Freddie Mac.
- FHLBank of New York expands credit access for underserved borrowers October 28, 2024FHLBNY will partner with 330 lenders across New York, New Jersey, Puerto Rico and the U.S. Virgin Islands to reach 3.1 million prospective borrowers through innovative credit solutions.
- FHFA to allow alternative appraisal methods on purchases up to 97% LTV October 28, 2024“To be clear, the expanded eligibility of appraisal waivers does not constitute an expansion of a credit box," said FHFA deputy director Naa Awaa Tagoe.
- Whether it’s Trump or Harris in office, MBA says it ‘knows how to stop bad ideas’ October 28, 2024MBA CEO Bob Broeksmit said that a gridlocked Washington will make for less housing legislation, making regulations through the FHFA and CFPB even more of a priority.