Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

Keep Up With the Latest Third Party Origination News

Want to stay up to date with the latest on the third party origination front? We designed a specific news hub with lenders and brokers in mind, with Rocket Pro TPO leading the discussion.

Robert Dietz on why the single-family rental market is growing

In this episode of HousingWire Daily, NAHB's Robert Dietz explains why the marketshare of single-family rentals is growing despite strong homebuyer demand. He also discusses the NAHB’s latest Housing Market index.

Obama: Subprime lending immoral, not illegal

President Barack Obama said Thursday the mortgage finance practices that led to the economic meltdown were “immoral, inappropriate and reckless,” but not necessarily illegal, making it difficult to punish key players, specifically in the subprime debacle. Obama made those statements after a reporter asked the president during a news conference why the administration never filed any lawsuits or enforcement actions against corporate leaders who led lending institutions prior to the 2008 crash. “If someone has engaged in fraudulent actions — if they have violated laws on the books, they need to be prosecuted,” President Obama said. “One of the biggest problems about the collapse of Lehman, the financial crisis and the subprime lending fiasco is that all of that stuff wasn’t necessarily illegal.” The president used that question as a gateway to discuss the Consumer Financial Protection Bureau, and the agency’s role in fleshing out and enforcing rules that will affect mortgage, auto and other consumer lending practices. The president said the “idea is to have a consumer watchdog in place letting consumers know what fair practices are and make sure banks have to compete for customers on the quality of their services and good prices.” Obama’s CFPB director nominee Richard Cordray made it passed the Senate Banking Committee Thursday. Cordray’s nomination now goes to the Senate, putting him a step closer to obtaining the agency’s top enforcement role. Write to Kerri Panchuk.

Most Popular Articles

FHFA to make desktop appraisals permanent

Desktop appraisals, a temporary flexibility implemented in March 2020 amid lockdowns and social distancing, will become permanent, the FHFA said today.

Oct 18, 2021 By

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GSE forbearance rate declines to 1%

Servicers’ forbearance portfolio volume declined at a reduced pace this week, as mortgage holders exit COVID-19 plans at the beginning of the month, according to the MBA.

Oct 25, 2021 By
3d rendering of a row of luxury townhouses along a street

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