The projectors are rolling. The ruby slippers are on. Many an Oscar sits glistening. The shark has been hanging, and waiting, for nearly a year. Nine years after it was announced, four years after its first projected open date, and five months since its last planned launch date, the U.S. film academy’s museum is ready […]
Six Native American tribes sued Wisconsin on Tuesday to try to stop its planned gray wolf hunt in November, asserting that the hunt violates their treaty rights and endangers an animal they consider sacred. The Chippewa tribes say treaties give them rights to half of the wolf quota in territory they ceded to the United […]
A series of regulatory changes are taking place in housing due to a new political administration and the country’s reckoning with racial inequality in homeownership. That’s why HousingWire invited attorney Jeffrey Naimon, partner at the Buckley LLP Washington, D.C. office, to HW Annual to explain what these new regulations mean for the housing economy. Naimon […]
The Nigerian aid group Center for Civilians in Conflict is marking this year’s U.N. International Day of Peace with a photo exhibit on the conflict in the country’s northeast. The photographs depict some of the millions of civilians caught up in the 12-year conflict started by militant group Boko Haram. The photo exhibit opened Tuesday […]
Starting March 14, 2022, the Federal Housing Administration (FHA) will require all lenders to use FHA Catalyst for appraisals. The module can also accept appraisals for Home Equity Conversion Mortgages (HECMs), the administration announced last week. The FHA Catalyst: Electronic Appraisal Delivery module will allow for the administration to expand their data collection and analysis […]
U.S. Secretary of Education Miguel Cardona today recognized 325 schools as National Blue Ribbon Schools for 2021. The recognition is based on a school’s overall academic performance or progress in closing achievement gaps among student subgroups. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education
My Childhood My Country: 20 Years in Afghanistan is the latest documentary by award-winning filmmakers Phil Grabsky and Shoaib Sharifi. Grabsky spoke with VOA’s Penelope Poulou about this 20-year film expose on life in Afghanistan through the eyes of an Afghan youth from his early childhood to today. details ⇒ BusinessMediaguide.Com portal received this content […]
Servicers’ forbearance portfolio volume fell once again last week, as exits remained elevated compared to requests or re-entries. The total number of loans in forbearance dropped by eight basis points to 3.00% as of Sept. 12, according to the Mortgage Bankers Association (MBA). The most notable decline was in the portfolio loans and private-label securities […]
Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. Fannie Mae dropped its projected origination volume for 2021 to $4.33 trillion from the $4.36 trillion it projected in August. It also downsized its 2022 […]
Rookies that pursued a career as mortgage loan originators in 2020 air dropped into a scintillating real estate market. There was easy money to be made – refi opportunities were bountiful, lenders hired tens of thousands of workers to meet capacity, and even showered underwriters with five-figure bonuses on top of $150,000 salaries. Rookie LOs […]
Royal drama “The Crown” and feel good comedy “Ted Lasso” nabbed the top prizes at television’s Emmy awards on Sunday on a night dominated by streaming shows, British talent and rare wins by women. Chess drama “The Queen’s Gambit” was named best limited series and tied with “The Crown” for the most wins overall at 11 apiece. The best drama series […]
Royal drama “The Crown” and feel good comedy “Ted Lasso” nabbed the top prizes at television’s Emmy awards on Sunday on a night dominated by streaming shows, British talent and rare wins by women. Chess drama “The Queen’s Gambit” was named best limited series and tied with “The Crown” for the most wins overall at 11 apiece. The best drama series […]
Halima Aden, the first supermodel to wear a hijab and pose in a burkini, has ripped up her lucrative contracts in an industry she feels lacks “basic human respect” and entered the world of modest fashion design instead. For the Somali-American who was born in a refugee camp in Kenya, it was a matter of […]
The miniature statutes given at the Emmy Awards on Sunday can be an outsized boon to egos, careers and guessing games. Will The Mandalorian bow to The Crown as best drama series? Can the feel-good comedy Ted Lasso charm its way into freshman glory? Will Jean Smart be honored as best comedy actress for Hacks? […]
While orbiting Earth, four space tourists called U.S. actor Tom Cruise to talk about life aboard the spacecraft. Representatives for SpaceX’s first privately chartered flight said the crew members spoke Friday with Cruise, who is hoping to take part in a movie made in space. The Twitter account for the flight mission said, “Maverick, you […]
Influential Congresswoman Maxine Waters has waded into the growing debate about who should lead the Federal Housing Finance Agency (FHFA). And her pick – though she doesn’t get a vote – is the acting director, Sandra Thompson. “Appointed on June 23 as acting director, Ms. Thompson has needed little time to show this nation how uniquely […]
U.S. Secretary of Education Miguel Cardona today congratulated the 2021 President’s Education Awards Program (PEAP) recipients, recognizing nearly 1.85 million elementary, middle, and high school graduates on their educational accomplishments. The students come from more than 18,750 public, private, and military schools from all 50 states, the District of Columbia, Puerto Rico, Guam, and American […]
Mortgage lenders have been making strides to right their wrongs, with critical defects falling to a rate of 2.01% in the first quarter of 2021, according to ACES Quality Management’s report published this week. This marks a notable improvement from the third quarter of 2020, when the critical rate rose to 2.34%, buoyed by increased […]
Jane Powell, the bright-eyed, operatic-voiced star of Hollywood’s golden age musicals who sang with Howard Keel in “Seven Brides for Seven Brothers” and danced with Fred Astaire in “Royal Wedding,” has died. She was 92. Powell died Thursday at her Wilton, Connecticut, home, longtime friend Susan Granger said. Granger said Powell died of natural causes. […]
As the summer comes to an end, several issues are top of mind for everyone: the impact of the Delta variant, the debate over when the Federal Reserve will taper its asset purchases, the situation in Afghanistan, and the federal debt limit and budget debate. When it comes to housing and mortgage markets this fall, […]
Three imprisoned Iranian dissidents will be honored next month at Pen America’s annual gala. The literary and human rights organization announced Thursday that writer-filmmaker Baktash Abtin, novelist-journalist Keyvan Bajan and author-critic Reza Khandan Mahabadi are this year’s recipients of the 2021 PEN/Barbey Freedom to Write Award. All three are members of the anti-censorship Iranian Writers […]
Amid all the rumors that President Biden might be nominating a new FHFA director, the acting director has been doing something that all should pay attention to. Sandra Thompson has been deliberately fixing all of the flawed steps of her predecessor. As I look at the work Sandra has done in the short time since […]
The United Nations says 117 million students worldwide are still out of school due to the coronavirus pandemic that began more than a year-and-a half ago. In a statement Thursday, the United Nations Educational, Scientific and Cultural Organization said the number of students who have yet to return to the classroom represents about 7.5% of […]
The FHFA proposed a rule on Wednesday to amend the Enterprise Regulatory Capital Framework (ERCF) for the GSEs that would refine the leverage buffer and the risk-based capital treatment for CRT transactions. However, far from reopening the whole discussion on the ERCF, the new rule proposes three specific amendments based on comments the FHFA received […]
WASHINGTON — Today, U.S. Department of Education Secretary Miguel Cardona met with Puerto Rico Interim Secretary of Education Eliezer Ramos to discuss new actions to improve educational outcomes for students. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education
As the housing economy becomes increasingly digital, appraisal modernization may hold the key to not only providing a better experience for borrowers and lenders but also reducing potential appraisal bias. That’s why HousingWire invited Rachel Robinson, director, collateral policy and product development at Rocket Mortgage, to HW Annual to discuss how technology can play an […]
Olympic gymnast McKayla Maroney on Wednesday told U.S. lawmakers she feels betrayed by FBI agents, after they failed to seriously investigate former USA Gymnastics doctor Larry Nassar, despite her telling them he had sexually abused her. Maroney is one of four athletes, along with Simone Biles, Aly Raisman and Maggie Nichols, who testified to the […]
Olympic gymnast McKayla Maroney on Wednesday told U.S. lawmakers she feels betrayed by FBI agents, after they failed to seriously investigate former USA Gymnastics doctor Larry Nassar, despite her telling them he had sexually abused her. Maroney is one of four athletes, along with Simone Biles, Aly Raisman and Maggie Nichols, who testified to the […]
The reverse mortgage volume boom appears to have diminished for now, at least if new data is any indication. Home Equity Conversion Mortgage (HECM) endorsements fell in August, 2021 by 14.3% to 3,679 loans, with July now having marked the end of a streak of monthly volume above a threshold of at least 4,000 units […]
Mortgage loan application volume rebounded from the week prior, increasing by 0.3% for the week ending Sept. 10, according to the Mortgage Bankers Association’s weekly report. The increase in application volume was predominantly driven by purchase mortgage activity, which grew by 8% from the week prior, the trade group said. Not surprisingly, the refi […]
Black Knight is looking to hook mortgage brokers with a new loan origination system designed specifically for them. The Florida-based mortgage tech and analytics behemoth on Wednesday unveiled “LoanCatcher” to mortgage brokers, which it described as an “end-to-end” solution that is integrated into its Surefire CRM and mortgage marketing engine. The direct integration will allow […]
Comedian Norm Macdonald, a former “Saturday Night Live” writer and performer who was “Weekend Update” host when former U.S. President Bill Clinton and O.J. Simpson provided comic fodder during the 1990s, has died. Macdonald, who was 61, died Tuesday after having cancer for nine years but kept it private, according to Brillstein Entertainment Partners, his […]
The Treasury Department and FHFA announced Tuesday that they are suspending certain requirements that were added in January to the Preferred Stock Purchase Agreements (PSPAs) between Treasury and Fannie Mae and Freddie Mac. Under those requirements, Fannie Mae had restricted its acquisition of loans secured by second homes and investment properties to 7% of its […]
Mike Calhoun is president of the Center for Responsible Lending This week the Biden administration announced several high-level nominations, including Alanna McCargo to lead Ginnie Mae. But missing from those announcements was the White House’s widely expected pick for the next permanent director of the Federal Housing Finance Agency(FHFA), Mike Calhoun. Sources told HousingWire at […]
On Monday, Sept. 20, U.S. Secretary of Education Miguel Cardona will launch the “Return to School Road Trip,” a bus tour to showcase students and communities safely returning to in-person learning. Throughout the tour, Secretary Cardona, Deputy Secretary Cindy Marten, and local school leaders will join students, parents, educators, and school communities for events that […]
Today, U.S. Secretary of Education Miguel Cardona issued the following statement on the confirmation of James Kvaal as Under Secretary of Education: details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education
Point, a shared equity reverse mortgage firm that gives homeowners the ability to sell a small fraction of their equity, recently announced that it has raised over $1 billion in new capital commitments from real estate and mortgage-backed securities (MBS) investors. These companies include Atalaya Capital Management (which made a prior investment in 2018), Kingsbridge Wealth Management, […]
Billie Eilish went full glam in a huge peach ball gown at the pandemic-delayed Met Gala on Monday night, while fellow host of the evening Amanda Gorman was breathtaking in blue custom Vera Wang with a diamond laurel wreath in her hair. Co-host Timothée Chalamet raced onto Fifth Avenue to take selfies with fans before […]
The regulatory environment for the mortgage industry is experiencing a period of turbulence as President Biden has ushered in a new era of regulation under his administration. That’s why HousingWire invited attorney Daniella Casseres to HW Annual to discuss just what these new regulations mean for those in the housing economy. Casseres is a partner […]
After a slight lull, forbearance numbers across the board have started to lurch downwards, with the total number of loans dropping by 15 basis points to 3.08% as of Sept. 5, according to the Mortgage Bankers Association‘s latest survey. The portfolio loans and private-label securities (PLS) category, which has remained stubbornly high, saw the most […]
Today, the U.S. Department of Education (Department) announced the approval of Maine’s American Rescue Plan Elementary and Secondary School Emergency Relief (ARP ESSER) plan and distributed remaining ARP ESSER funds to them. Maine’s plan details how the state is using and plans to use ARP ESSER funds to safely reopen and sustain the safe operation […]
Broadway will welcome back musical lovers and playgoers this fall as theaters in New York City reopen at 100% capacity despite an ongoing threat of the spread of COVID-19. Tina Trinh reports. Camera: Tina Trinh, Janine Phakdeetham Produced by: Tina Trinh details ⇒ BusinessMediaguide.Com portal received this content from this noted […]
Novak Djokovic’s bid for the first calendar-year Grand Slam in men’s tennis since 1969 ended one victory short with a 6-4, 6-4, 6-4 loss to Daniil Medvedev in the U.S. Open final on Sunday. Medvedev’s surprisingly lopsided triumph gave him his first major championship and prevented Djokovic from winning what would have been the […]
Disney announced Friday that all of its films slated for release by the end of the year will be exclusively screened in cinemas first, bringing relief to theaters anxious to reconnect with audiences after the coronavirus pandemic devastated their industry. The animated film Encanto will be released on the big screen Nov. 24 and will […]
United States Soccer Federation President Cindy Parlow Cone said Friday the body hopes to “equalize” World Cup prize money for its men’s and women’s national teams as part of efforts to settle ongoing litigation with its women footballers. In an open letter addressed to U.S. fans, Parlow Cone said the gulf in prize money paid […]