HWmember

Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

FHA, Ginnie Mae, HECM, HWmember, Lawsuit, Legal, Reverse, Texas Capital Bank / Ricky Vasquez

After lawsuit challenging the government’s authority to extinguish stakes in securitized Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) was recently decided in favor of Ginnie Mae, the plaintiff in the case has made good on its promise to appeal the decision. Texas Capital Bank (TCB) — which initially filed the lawsuit against Ginnie […]

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Appraisal Institute executive accused of harassment withdraws from public appearances

Appraisals, Appraisals and Valuations, HWmember, Lawsuit / Ricky Vasquez

The Appraisal Institute (AI) executive who’s been accused of sexual misconduct by multiple women has decided to keep a lower profile. AI Vice President Craig Steinley will cease making public appearances after an expośe by the New York Times detailed accusations against him of inappropriate comments and groping by current and former AI employees. The

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ServiceLink expands closing technology

Closings, eClosing, eSignature, Home Equity, HWmember, Mortgage, Refinancing, ServiceLink, Technology, Title / Ricky Vasquez

Mortgage solutions provider ServiceLink has introduced updates to its EXOS Close platform aimed at increasing scheduling flexibility for lenders and borrowers. The latest enhancements allow users to schedule closings in real-time with expanded options for online and in-branch appointments, and add automatic eligibility checks for remote notarization. Among the new features is a system that

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HUD announces $1.1B in funding for affordable housing in Tribal lands

Government Lending, Housing Market, HUD, HWmember, Tribal housing / Ricky Vasquez

In one of the most robust housing assistance funding announcements of the second Trump administration so far, the U.S. Department of Housing and Urban Development (HUD) announced on Tuesday that it is making $1.1 billion in Indian Housing Block Grant (IHBG) funding available for eligible Native American Tribes and Tribal communities to “carry out affordable

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Aging in place is not ‘equally accessible’ to all, study finds

Aging in Place, Australia, Canada, Europe, HWmember, Reverse, United Kingdom / Ricky Vasquez

Despite the overwhelming preferences of older people to age in place in their own homes — a trend that holds true across North America — there remain inequities that limit the access and ability for some older people to fulfill this desire, according to the findings of a recent study. Researchers at McGill University in

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MBA urges overhaul of mortgage rules in letter to OMB

CFPB, FHA, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Mortgage Servicing, Regulatory, Regulatory Compliance, Trump administration / Ricky Vasquez

The Mortgage Bankers Association (MBA) submitted a formal request to the White House Office of Management and Budget (OMB) on Monday, asking for the rescission of six rules and revisions to nine others that affect the mortgage industry. These include regulations tied to servicing, the Real Estate Settlement Procedures Act (RESPA) and loan officer compensation,

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FHA cites AI emergence as it ‘archives’ inactive policy documents

Artificial Intelligence, FHA, HUD, HWmember, Mortgage, Regulatory, Technology / Ricky Vasquez

The technology posture of the federal government’s housing apparatus has been a hot topic of discussion for years. Advocates have advised — and sometimes warned — of the need to modernize the tech infrastructure at government housing agencies. With the dawn of artificial intelligence (AI) and its increasing dominance in the tech landscape, the Federal

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Redfin stockholder files suit over disclosures in Rocket deal

Glenn Kelman, Goldman Sachs, HWmember, Lawsuit, Legal, Mergers and Acquisitions, Mortgage, Real Estate, Redfin, Rocket Companies / Ricky Vasquez

While much of the housing industry views Rocket Companies’ proposed acquisition of Redfin as a foregone conclusion at this point, at least one common stock holder is saying not so fast. On Friday in U.S. District Court in Seattle, plaintiff Jason Morano filed a lawsuit accusing the two companies of breaching their contracts, engaging in

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HUD secretary defends repeal of fair housing rule

Discrimination, Fair Housing, Housing Market, HUD, HWmember, National Fair Housing Alliance, Politics, Regulatory, Regulatory Compliance, Scott Turner, Trump administration / Ricky Vasquez

In a strongly worded op-ed, U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner defended the recent repeal of the Affirmatively Furthering Fair Housing (AFFH) rule. Turner argued in The Gazette, an Iowa-based newspaper, that AFFH represented a federal overreach into local housing decisions and hurt the very communities it claimed to help.

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More home sellers and home sales in May

Affordability, Altos, Data & Visuals, Home Prices, Home Sales, Housing Market, Housing Market Data, HWmember, Mortgage Bankers Association, Pending Home Sales, Real Estate Listings / Ricky Vasquez

The weekly pending home sales picked up this week as expected, with 2.6% more pending home sales contracts started than a year ago. If you’re following the data closely, you know that home sales are still running at or below last year’s pace. Year to date, through the first week of May, we count 3%

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Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

Appraisal Institute executive accused of harassment withdraws from public appearances

ServiceLink expands closing technology

HUD announces $1.1B in funding for affordable housing in Tribal lands

Aging in place is not ‘equally accessible’ to all, study finds

MBA urges overhaul of mortgage rules in letter to OMB

FHA cites AI emergence as it ‘archives’ inactive policy documents

Redfin stockholder files suit over disclosures in Rocket deal

HUD secretary defends repeal of fair housing rule

More home sellers and home sales in May

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