Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.

AMC Achieves Compliance with New FHA Appraisal Rules

Technology-focused appraisal management company (AMC) Solidifi gained compliance with the upcoming Federal Housing Administration (FHA) appraiser independence and appraiser engagement regulations mandated by the Department of Housing and Urban Development (HUD) ahead of the forthcoming deadline. The regulations are similar to those in place through the Home Valuation Code of Conduct (HVCC) for agency-purchased mortgages that were enacted to create a barrier between appraisers and loan originators, but apply to FHA-insured loans. The new FHA loan rules take effect Jan. 1, 2010. Solidifi said its appraisers are geographically competent and are paid market rates for their services, ensuring compliance with the new regulations and accuracy in the appraisals. “We allow lenders to set their minimum performance and credential levels of an appraiser they want to work with — including geographic competency, which can be as specific as setting a tolerance of a 20 mile radius of the property,” said Solidifi executive vice president of sales and marketing Loren Cooke. Write to Austin Kilgore.

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The housing market is losing steam

Mortgage applications for new home purchases decreased 3% from May and 23.8% year over year, suggesting buyer fatigue in the housing market.

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3d rendering of a row of luxury townhouses along a street

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