Fannie Mae exec Andrew Peters leaves for Lenderworks

Date: 12 Apr 2021 / Posted By: admin

Fannie Mae exec Andrew Peters leaves for Lenderworks National mortgage services provider Lenderworks has brought on Fannie Mae‘s head of single-family strategy Andrew Peters as president, the company said Monday. Peters served as a strategy consultant for the government sponsored enterpris

Ginnie Mae loans lead drop in forbearance to 4.66%

Date: 12 Apr 2021 / Posted By: admin

Ginnie Mae loans lead drop in forbearance to 4.66% Servicers’ total number of loans in forbearance fell a whopping 24 basis points to 4.66% of portfolio volume during the first full week of April, according to a survey from the Mortgage Bankers Association – one of the biggest drops in

Biden’s $1.5 trillion budget calls for big investment in HUD

Date: 12 Apr 2021 / Posted By: admin

Biden’s .5 trillion budget calls for big investment in HUD President Joe Biden’s $1.5 trillion discretionary funding request includes a 15% budget increase for the Department of Housing and Urban Development (HUD) to combat homelessness, retrofit rental housing and increase the supply of afford

Credit Plus integrates with LendingWise

Date: 12 Apr 2021 / Posted By: admin

Credit Plus integrates with LendingWise Business credit report provider Credit Plus announced last week it has integrated with LendingWise, an LOS-software platform serving commercial lending. The move establishes Credit Plus in the commercial and private money lending spaces. “In today’

Stewart Title acquires New Mexico-based company

Date: 12 Apr 2021 / Posted By: admin

Stewart Title acquires New Mexico-based company Add another company to the Stewart Title family tree. The title and closing giant announced last week the acquisition of Prima Title, LLC, a Santa Fe, New Mexico-based company, to its Southwest portfolio. The move comes on the heels of StewartR

William Raveis ain’t no stinkin’ iBuyer

Date: 9 Apr 2021 / Posted By: admin

William Raveis ain’t no stinkin’ iBuyer Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. But don’t confuse its new program with iBuying – they’re looking to solve the sell-before-yo

Targeting first-generation homebuyers for financial help

Date: 9 Apr 2021 / Posted By: admin

Targeting first-generation homebuyers for financial help The Urban Institute‘s Housing Finance Policy Center recently posited that down payment assistance for first-generation homebuyers could help turn the tide of systemic racism by reducing intergenerational wealth disparities. Researche

Voxtur acquires appraisal software firm Anow

Date: 9 Apr 2021 / Posted By: admin

Voxtur acquires appraisal software firm Anow Canadian real estate technology company Voxtur Analytics Corp. closed on the acquisition of appraisal management software firm Appraisal Now for approximately $30.5 million, the company said this week. “This strategic acquisition bolsters recur

GSEs won’t buy QM loans under GSE Patch after July 1

Date: 9 Apr 2021 / Posted By: admin

GSEs won’t buy QM loans under GSE Patch after July 1 In Lender Letters issued on Thursday, Fannie Mae and Freddie Mac confirmed that loans purchased by the GSEs with application dates on and after July 1, 2021, must meet the standards of the Consumer Financial Protection Bureau’s Revised Qualif

How student lending can benefit non-bank lenders

Date: 9 Apr 2021 / Posted By: admin

How student lending can benefit non-bank lenders if(typeof(jQuery)=="function"){(function($){$.fn.fitVids=function(){}})(jQuery)}; jwplayer('jwplayer_v90J9LSy_5xQXXB63_div').setup( {"playlist":"https://content.jwplatform.com/feeds/v90J9LSy.json","ph":2} ); Over the las