The Federal Housing Administration (FHA) on Thursday announced that it has issued a waiver to a requirement that FHA-approved lenders flag rejected loans in the FHA Connection (FHAC) system, an effort the agency says will improve access to government-insured mortgage financing for qualified borrowers. “FHA has determined that this flag does not improve risk management […]
The chaos of war surrounds the women in Sudanese artist Abubakr Moaz’s paintings. “She’s sitting in here, confused and doesn’t know what to do,” Moaz said, describing on of them. “And there are gunshots around her. … She just left and [is] going nowhere, because she’s not able to live in her house anymore.” It’s […]
Equity Prime Mortgage (EPM) has completely shifted to the TPO business after seeing growth opportunities in the wholesale channel, a distribution channel that’s been growing in recent years. The Atlanta-based lender has fully exited the retail channel, a change in strategy the company has been preparing for over the past few months. EPM’s CEO Eddy Perez […]
Today, the U.S. Department of Education’s Office for Civil Rights (OCR) resolved a compliance review of Spectrum Academy in Utah to ensure that the Academy’s restraint and seclusion policies and practices do not deny students with disabilities their civil rights in violation of Section 504 of the Rehabilitation Act of 1973 (Section 504), Title II […]
As delegates gather in Kenya for the inaugural Africa Climate Summit, seeking ways to combat the effects of climate change, activists are screening films illustrating the impacts of global warming in Africa and calling for climate justice for the continent. Juma Majanga reports from Nairobi. Camera — Amos Wangwa details ⇒ BusinessMediaguide.Com portal received this […]
For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. “That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. “The lender and LO can make or break the transaction.” Finding reliable lending partners takes time and some trial and […]
Thank you. I’m pleased to be here at Beyer Early Childhood Center in Rockford, Illinois, with Representative Eric Sorensen and National Education Association President Becky Pringle to visit an incredible early learning program here and talk about why we believe early childhood is so critical to raising the bar for education in this country. I […]
Loan quality and audit services company QC Ally has appointed Jeffrey Flory as its new chief executive officer, the company said Thursday. The news comes eight months after the appointment of Nicole Booth as as company CEO. She left in August. “I am humbled to take on this role and help bring the company’s vision to […]
It has been nearly five months since civil war erupted in Sudan. The U.N. refugee agency estimates that by year’s end, 1.8 million people will have fled to neighboring countries. VOA’s Nairobi Bureau Chief Mariama Diallo reports on a group of Sudanese artists who came together recently to deal with the trauma of the war […]
Mat Ishbia, president and CEO of United Wholesale Mortgage, has echoed the frustration of mortgage industry experts and leaders with the increased volume of loan buybacks from the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. In a recorded video distributed on Tuesday, Ishbia claimed the Federal Housing Finance Agency (FHFA), which oversees the GSEs, “is going to have to step in […]
United Wholesale Mortgage (UMW) has enhanced its Safe Check program, which provides credit reports without initiating unwanted trigger lead solicitations to brokers’ competitors. In some cases, the lender will provide a hard credit report at no additional cost to borrowers. The program was launched in October 2022 to provide brokers $10 single-bureau soft credit checks for conventional […]
FundingShield, the fintech provider of plug-and-play solutions to manage risk, compliance and fraud prevention, has partnered with Tata Consultancy Services (TCS), a technology services and consulting company. The partnership comes amid an increase in wire and title fraud risk. FundingShield and TCS aim to protect more lenders, homebuyers, sellers from wire and title fraud, both […]
Today, the Biden-Harris administration is announcing that it will host the 2023 National HBCU Week Conference in Arlington, Virginia on September 24-28th. The annual National HBCU Week Conference is the nation’s premier convening of key influencers in the HBCU space. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. […]
Despite a slight drop in mortgage rates last week, mortgage applications fell to their lowest level since December 1996. For the week that ended Sept. 1, mortgage applications dropped 2.9% from the prior week, according to data from the Mortgage Bankers Association. “Both purchase and refinance applications fell, with the purchase index hitting a 28-year […]
In the face of spiking interest rates and historically high home prices, $3,000 monthly mortgage payments are common in today’s housing market. According to Black Knight’s mortgage monitor report, the average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306. That’s […]
The U.S. Department of Education today announced more than 4 million student loan borrowers are enrolled in the Biden-Harris Administration’s new Saving on A Valuable Education (SAVE) income-driven repayment (IDR) plan, including those who were transitioned from the previous Revised-Pay-As-You-Earn (REPAYE) plan. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website […]
Intercontinental Exchange (ICE) completed its acquisition of Black Knight Tuesday, making the combined company the biggest player in the mortgage tech space. I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. Sarah Wheeler: ICE’s acquisition of Black […]
Thousands of Burning Man attendees readied to make their “exodus” on Monday as the counter-culture arts festival in the Nevada desert ends in a sea of drying mud instead of a party around its flaming effigy namesake, Reuters reported. Rain over the weekend turned the once hard-packed ground to pudding. One person died at the event […]
Intercontinental Exchange (ICE) completed its acquisition of Black Knight in a $11.9 billion deal that dragged on more than a year due to antitrust concerns. It’s now easily the biggest player in the mortgage tech space. “Since our founding over 20 years ago, ICE has steadfastly adhered to our founding principle, demonstrated throughout our history, that […]
Extending its commitment to support school systems as they find new and innovative ways to encourage, invest in, and support teachers across America, the U.S. Department of Education (Department) will host two convenings focused on educator diversity. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education
Decommissioned in 1945, the Old City Hall Station remains the ‘jewel in the crown’ for NY transit system details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
Spain’s men’s national team Monday denounced the “unacceptable behavior” of the country’s suspended football chief Luis Rubiales over his infamous World Cup kiss. Rubiales, 46, has defied expectations and refused to resign as president of the Spanish football federation (RFEF) after forcibly kissing Jenni Hermoso on the lips following Spain’s victory in the Women’s World […]
A guitar expert and two journalists have launched a global hunt for a missing bass guitar owned by Paul McCartney, bidding to solve what they brand “the greatest mystery in rock and roll.” The trio of lifelong Beatles fans are searching for McCartney’s original Höfner bass — last seen in London in 1969 — in order to […]
Burning Man, the annual weeklong festival in Nevada closed its entrance Saturday due to flooding from recent storms. Some of the thousands of festivalgoers are being warned to shelter in place. Despite the weather, the event drew artists from around the world, including six Chinese artists who spoke with Genia Dulot before the rain set […]
The third installment in the Denzel Washington-led “Equalizer” franchise topped the domestic box office this weekend with $34.5 million according to studio estimates Sunday. By the end of the Monday holiday, Sony expects that total will rise to $42 million. Labor Day signals the end of Hollywood’s summer movie season, which will surpass $4 billion […]
The first production co-directed by Iranian and Israeli filmmakers had to be shot in secret to prevent possible interference by Tehran, directors Zar Amir Ebrahimi and Guy Nattiv told Reuters Sunday. “Tatami,” a tense thriller centered on a world judo championship, got its world premiere at the Venice Film Festival at the weekend, receiving a […]
We had a crazy jobs week last week, with tons of data that the Federal Reserve was happy to see, but did those labor reports mean we’ve hit peak mortgage rates for 2023? Mortgage rates did fall, purchase application data rose and new listings data came back to trend. Weekly active listings rose by only 5,654 […]
The changing of the guard at Buckingham Palace may draw tourists from far and wide, but Sunday visitors to the landmark were treated to a different sort of spectacle: a parade of corgis dressed up in crowns, tiaras and royal outfits. Around 20 royal fans and their pet corgis gathered to walk their dogs outside […]
It seemed wistfully appropriate, somehow, that news of Jimmy Buffett’s death emerged at the beginning of the Labor Day weekend, the demarcation point of every American summer’s symbolic end. Because for so many, the 76-year-old Buffett embodied something they held onto ever so tightly as the world grew ever more complex: the promise of an […]
The entrance to the Burning Man counterculture festival in the Nevada desert was closed and attendees were urged to shelter in place Saturday as flooding from storms swept through the area. The entrance will be closed for the remainder of the event, which began Aug. 27 and was scheduled to end Monday, according to the […]
Singer-songwriter Jimmy Buffett, who popularized beach bum soft rock with the escapist Caribbean-flavored song Margaritaville and turned that celebration of loafing into an empire of restaurants, resorts and frozen concoctions, has died. He was 76. “Jimmy passed away peacefully on the night of September 1st surrounded by his family, friends, music and dogs,” a statement […]
New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ, the companies announced on Friday. The terms of the deal were not disclosed. The transaction will allow Cerberus executives to realize new opportunities as demand for home equity solutions in the U.S. accelerates. Meanwhile, Spring EQ will be able […]
In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations. Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. This year 75 honorees were honored as HW Insiders. […]
Pennymac Loan Services and RoundPoint Mortgage Servicing reported this week their customers were exposed to a data breach through the Sovos Compliance software, per filings with the Attorney General in California. Sovos, which provides services to financial companies, said that its vendor Progress Software had a vulnerability in its MOVEit Transfer application on May 31, […]
An art exhibition in Rockville, Maryland, pays tribute to women in Iran who have been killed for speaking out against injustice. VOA’s Julie Taboh has more. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
Intercontinental Exchange (ICE) received the green light to move forward with its acquisition of Black Knight after the Federal Trade Commission (FTC) accepted a binding settlement. Under the agreement, both firms will divest Black Knight’s loan origination system (LOS) Empower business and product and pricing engine (PPE) unit Optimal Blue to a subsidiary of Constellation […]
New York-based asset management firm Sculptor Capital Management said Wednesday it rejected an improved bid from a group of investors. Sculptor said it still prefers the deal with Rithm Capital due to the closing certainty. “The Special Committee has not concluded that the Consortium’s most recent revised proposal constitutes a superior proposal or is reasonably expected to lead to […]
Mortgage rates ticked down modestly after job openings data for July came out yesterday, but rates remain elevated. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.18% as of Aug. 31, down from last week’s 7.23%. By contrast, the […]
NexTier, the holding company of NexTier Bank, will acquire Mars Bancorp, the holding company of Mars Bank. Terms of the deal were not disclosed. The combined company and branch locations will operate under the NexTier Bank brand, both banks said in a release Thursday. With the acquisition, NexTier Bank will have total assets in excess […]
In a letter to a group of founders and shareholders, New York-based asset management firm Sculptor Capital Management said their request to inspect the company’s books and records pertaining to its acquisition by Rithm Capital was “improper” and motivated by founder Daniel Och’s “long-standing resentment” of being exited from the company. Sculptor also said in […]
Freddie Mac on Wednesday announced that company veteran Peter Lillestolen will serve as vice president, production and sales of Targeted Affordable Housing (TAH) at Freddie Mac Multifamily. Lillestolen, a 12-year veteran of the government-sponsored enterprise (GSE), has worked in multifamily in several different roles. He began his career there as an analyst in the Capital […]
HousingWire Lead Analyst Logan Mohtashami appeared on CNBC‘s Squawk on the Street on Wednesday to talk about the health of the housing market, and more specifically about today’s pending home sales data. Mohtashami explained how demand for existing homes is still trending near 21st-century lows. As long as mortgage rates stay near 23-year highs, Mohtashami […]
Digital mortgage lender Better Home & Finance faces a $1.86 million suit for breaching advertising placement agreements with digital and print publisher Meredith Operations Corporation. Better failed to pay for two “insertion orders” – agreements where Meredith would place ads on its digital platforms in exchange for the mortgage lender’s fee – from the summer […]
An original animated series from Africa has made its debut on the Netflix streaming platform. The series, dubbed “Supa Team 4,” was written by a young Zambian and takes place in a futuristic version of Zambia’s capital, Lusaka. Kathy Short reports from Lusaka. VOA footage by Richard Kille. details ⇒ BusinessMediaguide.Com portal received this content […]
Hōkūle’a, a traditional Polynesian deep-sea canoe, is on a four-year-long voyage around the Pacific Ocean to raise awareness about climate change. During its stop in the U.S. state of Washington, local Native American tribes welcomed members of the crew. Natasha Mozgovaya has the story from Seattle. (Camera: Natasha Mozgovaya; Produced by: Natasha Mozgovaya, Jason Godman) […]