General World News

China Tells Effeminate Male Celebrities to Man Up

Posted on

Macho men are in and effeminate male performers are out as Beijing expands its crackdown on China’s entertainment industry, blaming the rise of unmanly men on U.S. influence in Japan.  Male celebrities, even top moneymakers, are changing their images seemingly overnight now that China’s National Radio and TV Administration and other government agencies have made […]

General World News

UWM announces Bolt underwriting system for brokers

Posted on

United Wholesale Mortgage announced several new initiatives at the AIME Fuse conference on Saturday. In a keynote session about the future of mortgage, UWM CEO Mat Ishbia previewed Bolt, an underwriting system that he said would enable brokers to underwrite a loan in 15 minutes or less, which will go live on Monday, Sept. 27. […]

General World News

Interactive Broadway Exhibit Opens in NYC

Posted on

Showstoppers! – a bright and colorful exhibit of Broadway theatre has opened in New York City. Vladimir Lenski visited the exhibit which displays designs that are always in sight but seldom get the spotlight. Anna Rice narrates his story. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com

General World News

US Returns Ancient Gilgamesh Dream Tablet to Iraq

Posted on

An ancient tablet displaying parts of the Epic of Gilgamesh that was stolen from Iraq 30 years ago was returned to that country on Thursday. The handover ceremony took place in Washington. VOA’s Sirwan Kajjo has more in this story. Camera:  Mohammed Warmzyar  Produced by: Sirwan Kajjo details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com

General World News

Dems propose 20-year mortgage for first-gen homebuyers

Posted on

The raft of legislation designed to spur first-time homeownership in America seems to grow by the minute. Another bill joined the fray, and its sponsors propose creating a new 20-year-fixed-rate mortgage program through Ginnie Mae. The legislation, dubbed the “Low-income First Time Homebuyer (LIFT) Act,” would create a program through the Department of Housing and […]

General World News

FHFA extends multifamily forbearance indefinitely

Posted on

Multifamily property owners who are struggling to make mortgage payments due to the COVID-19 pandemic now will have access to forbearance programs indefinitely in the case of loans backed by Fannie Mae and Freddie Mac, the Federal Housing Finance Agency (FHFA) announced today. Forbearance options for multifamily mortgages backed by the GSEs were set to […]

General World News

Alex Kutsishin to speak at HW Annual Sept. 27-28

Posted on

Knowing where borrowers are at in their home-buying journey is key to any successful lending strategy, but it’s often overlooked in the busy operations of an origination shop. That’s why HousingWire invited Alex Kutsishin, CEO and co-founder of Sales Boomerang, to HW Annual Sept. 28 to discuss the easiest ways to keep borrowers on your radar, […]

General World News

Homeowners gain $2.9 trillion in equity in Q2 2021

Posted on

Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic released Wednesday. This marks an average gain of $51,500(!) per borrower since the second quarter of 2020. The amount of equity for a property is determined by comparting the estimated […]

General World News

Ex-loanDepot COO: Tony Hsieh cut corners to boost volume

Posted on

A former executive at loanDepot dropped a bombshell on the mortgage industry late Wednesday, alleging in a lawsuit that the California-based nonbank lender, in a ploy to drum up money during the refi boom and in preparation for its initial public offering, closed thousands of loans without proper documentation. The suit, filed by Tammy Richards, […]

General World News

Washington’s Kennedy Center Marks 50th Anniversary

Posted on

The Kennedy Center for the Performing Arts in the U.S. capital began its 50th anniversary season in mid-September with musicians back on stage and spectators in their seats. But some COVID-19 measures remain in place for the new season. Karina Bafradzhian reports. Camera: Sergey Sokolov details ⇒ BusinessMediaguide.Com portal received this content from this noted […]

General World News

U.S. Department of Education Awards Project SAFE Funds to Florida School District Following State-Imposed Penalty for Implementing COVID-19 Safety Measures

Posted on

Today, the U.S. Department of Education awarded the School Board of Alachua County $147,719 in funding under the new Project to Support America’s Families and Educators (Project SAFE) grant program. This is the first award under Project SAFE, and funding will support the Florida school district’s efforts to protect students as they return to safe, […]

General World News

Mortgage rates continue to idle at 2.88%

Posted on

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. 23, according to Freddie Mac‘s latest PMMS survey. Mortgage rates have been roughly flat for months now. “The slowdown in economic growth around the world has caused a flight to the quality of the U.S. financial markets,” said Sam Khater, […]

General World News

U.S. Department of Education Announces Fiscal Year 2021 Grant Awards to Showcase Commitment to Equity, Excellence, and Opportunity

Posted on

Today, the U.S. Department of Education (Department) Office of Postsecondary Education (OPE) announced it is on track to award more than 5,100 grants, totaling around $2.6 billion dollars, to new and existing grantees by September 30, 2021. Grants provided by the Department under these programs will directly serve more than 1.3 million students and millions […]

General World News

Melvin Van Peebles, Godfather of Black Cinema, Dies at 89

Posted on

Melvin Van Peebles, the groundbreaking filmmaker, playwright and musician whose work ushered in the “blaxploitation” wave of the 1970s and influenced filmmakers long afterward, has died. He was 89. In a statement, his family said Van Peebles, father of the actor-director Mario Van Peebles, died Tuesday evening at his home in Manhattan. “Dad knew that […]

General World News

Tai Christensen to speak at HW Annual Sept. 27-28

Posted on

The Biden administration recently announced its efforts to address the lack of affordable housing in America by increasing funding for existing programs geared toward producing, financing and rehabilitating affordable housing. HousingWire invited Tai Christensen, director of government affairs for CBC Mortgage Agency, to HW Annual Sept 27-28 to discuss these recent efforts by the Biden […]

General World News

How can the mortgage industry retain more employees?

Posted on

Sandra Madigan, digital product director, enterprise product strategy, servicing technologies at Black Knight This year’s list of HousingWire Insiders radiate influence well beyond the walls of their individual companies, providing the infrastructure that upholds the whole industry. HousingWire decided to dive deeper into a few of our award winners to get a peek behind the curtain […]

General World News

U.S. Department of Education Announces Over $40 Million to New Cohort of Promise Neighborhoods Grantees

Posted on

The U.S. Department of Education today awarded over $40 million to the newest cohort of Promise Neighborhoods grantees across seven states. This announcement comes as U.S. Secretary of Education Miguel Cardona continues the Department’s “Return to School Road Trip” in Indiana today. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website […]

General World News

Refis stubbornly make a bit of a comeback

Posted on

The week following Labor Day saw a flurry of mortgage loan application activity, with volume jumping by 4.9% for the seven days ending Sept. 17, according to the Mortgage Bankers Association. Refis were on the front foot again. The increase in application activity is quite different from the MBA’s survey published in early September, which […]

General World News

Jeffrey Naimon to speak at HW Annual Sept. 27-28

Posted on

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 […]

General World News

Lenders mandated to use FHA Catalyst for appraisals

Posted on

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 […]

General World News

U.S. Department of Education Announces 2021 National Blue Ribbon Schools

Posted on

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

General World News

Forbearance numbers fall as borrower exits remain high

Posted on

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 […]

General World News

Fannie Mae cuts origination forecast for 2022

Posted on

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 […]

General World News

In a purchase market, rookie LOs may struggle

Posted on

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 […]

General World News

‘Ted Lasso,’ ‘The Crown,’ Win Top Emmy Awards on Streaming Heavy Night

Posted on

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 […]

General World News

‘Ted Lasso,’ ‘The Crown,’ Win Top Emmy Awards on Streaming Heavy Night

Posted on

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 […]

General World News

Support for Thompson to permanently lead FHFA grows

Posted on

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 […]

General World News

Secretary Cardona Congratulates 2021 President’s Education Awards Program Recipients

Posted on

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 […]

General World News

Defects decline as mortgage lenders self-correct

Posted on

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 […]

General World News

Jane Powell, Hollywood Golden-Age Musicals Star, Dies at 92

Posted on

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. […]

General World News

Three Iranian Dissidents to Be Honored by PEN America 

Posted on

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 […]

General World News

FHFA proposes changes to GSE capital rule

Posted on

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 […]

General World News

U.S. Department of Education Announces New Actions to Improve Educational Outcomes for Students In Puerto Rico

Posted on

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

General World News

Rocket Mortgage’s Rachel Robinson to speak at HW Annual

Posted on

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 […]