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NetMore America Chief Strategy Officer Lisa Schreiber named keynote speaker for 12th Annual Mortgage Technology Conference

National Mortgage Professional
Dec 02, 2008

NAHB: Builders applaud changes to HOPE for Homeowners programMortgagePress.comNAHB, HOPE for Homeowners, HUD, Steve Preston, Sandy Dunn, Housing and Economic Recovery Act of 2008 The National Association of Home Builders (NAHB) applauded changes to the HUD HOPE for Homeowners program that will allow more distressed home owners to take advantage of the program which was designed to prevent foreclosures and keep families in their homes. The modifications announced this week by Housing and Urban Development Secretary Steve Preston are also expected to make the program more appealing to lenders and to make homeownership more affordable for the owners. "These changes will allow HOPE for Homeowners to reach many more troubled mortgage borrowers," said NAHB Chairman Sandy Dunn, a home builder from Point Pleasant, W. Va. "In particular, increasing the mortgage loan-to-value ratio, which will reduce the required write-down of principal, and allowing owners to refinance from 30- to 40-year mortgage terms will make more owners eligible for the program and help make homeownership more affordable so that families can stay in their homes." The HOPE for Homeowners program was authorized by the Housing and Economic Recovery Act of 2008. Although the programs purpose is to help prevent foreclosures and keep families in their homes, borrowers must meet a number of qualifying criteria including the Federal Housing Administration's long-standing requirements for fully documenting income and employment. For more information, visit www.nahb.com.
Published
Dec 02, 2008
Home Partners Of America Launches Choice Lease Program

Home Partners of America launched its Choice Lease program aimed at addressing the affordable housing crisis and mortgage access challenges, that are faced by low-to-moderate-income families and underrepresented communities.

Industry News
Jan 17, 2022
KBRA Assigns Preliminary Ratings To OBX 2022-NQM1 Trust

Kroll Bond Rating Agency assigned preliminary ratings to six classes of mortgage pass-through notes from OBX 2022-NQM1 Trust, a $556.7 million non-prime RMBS transaction.

Non-QM
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Zillow: Black Mortgage Applicants Denied 84% More Often Than White

Zillow recently analyzed data from the Home Mortgage Disclosure Act and found that Black mortgage applicants are denied a mortgage 84% more often than white applicants.

Analysis and Data
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Mortgage Economic Review January 2022

The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage and Real Estate Professionals.

Analysis and Data
Jan 13, 2022
Fairway Independent Mortgage Corp. Puts Employees' Health First

Fairway Independent Mortgage continues to allow its employees to choose whether to return to the office or not.

Industry News
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First American Agrees To Acquire Mother Lode Holding Co.

Acquisition would expand First American’s footprint in 11 states

Industry News
Jan 12, 2022