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White House Announces Plan to Confront Mortgage Appraisal Bias

March 24, 2022
Monica Hogan
The five-point action plan includes initiatives to create a more diverse appraiser workforce and raise awareness about consumer rights.
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Bipartisan Senate Bill Seeks Details on NFIP Pricing

March 24, 2022
Dennis Hollier
Senators have raised concerns over the lack of transparency in the FEMA program’s risk-mitigation calculations.
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FoA Revamps Organizational Structure, Business Reporting Lines

March 24, 2022
Paul Muolo
Finance of America recently posted a huge 4Q21 loss and saw its president depart. Challenges remain, to say the least.
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GSEs’ 2021 MF Numbers Suggest Housing Goal Shortfall in 2022

March 24, 2022
Dennis Hollier
Fannie Mae and Freddie Mac purchased fewer mortgages for mission-based multifamily lending in 2021. And this year their housing goals are even higher.
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Tribal Groups Want to be Heard on DPA Rulemaking

March 24, 2022
Monica Hogan
Native American tribes have urged HUD to engage in “robust and meaningful” consultation before undertaking changes to the FHA downpayment assistance program.
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Searching for a Bottom in GOS: Soon, Maybe?

March 17, 2022
Paul Muolo
Origination profitability has been on a slippery slope the past year, but there are possible signs of stability. Or is that wishful thinking? (Includes data chart.)
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DOJ Self-Referring Redlining Investigations, Attorneys Say

March 17, 2022
Sam Manas
According to Nelson Mullins attorneys, the DOJ is conducting statistical analyses on HMDA loan application register data to unearth potential fair lending violations.
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Lenders Comment on FHFA’s Strategic Plan

March 17, 2022
Dennis Hollier
Mortgage professionals generally approve of the plan, but say more changes are needed to expand access to credit.
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UWM Jumps Into Bank Statement Loan Market. Will Others Follow?

March 17, 2022
Paul Muolo and Brandon Ivey
When originations sag, one solution is to add new products, nonprime or otherwise. At least that’s what UWM did this week. Will it work?
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Hispanic Homeownership Rising But Challenges Remain

March 17, 2022
Monica Hogan
Industry participants discussed the challenges to homeownership growth among the U.S. Latino population during the National Association of Hispanic Real Estate Professionals’ annual conference this week.
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