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Multifamily Lending Jumps to Record High, Growth Expected Through 2020
National Mortgage News, Sept. 27, 2019--Paul Centopani (free content)Rising demand and plummeting mortgage rates pushed multifamily origination dollar volume above 2017's record to a new peak, according to the Mortgage Bankers Association.
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Tim Mayopoulos: A Safer, Better Housing Finance System
Mortgage Media, Sept. 27, 2019--Tim MayopoulosMayopoulos recently spoke with Mortgage Media's SA Ibrahim about the future of Fannie Mae and Freddie Mac; the kind of risk analysis offered by Blend; the promise that AI offers; and how the housing/mortgage industry is poised to weather a recession, among other topics.
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Appraisals Will No Longer Be Required on Certain Home Sales of $400,000 and Under
HousingWire, Sept. 27, 2019--Ben LaneFor the first time since 1994, certain home sales of $400,000 and under will soon not need an appraisal after federal regulators approved a proposal to increase the threshold at which residential home sales require an appraisal.
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The Value of In-House Servicing
Mortgage Orb, Sept. 27, 2019--Susan GrahamAccording to Marina Walsh, vice president of industry analysis for the Mortgage Bankers Association, "Mortgage servicing remains a bright spot for bankers, with relatively low delinquencies and high loan balances driving up per-loan servicing revenues."
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Wells Fargo Names Charles Scharf CEO
Wall Street Journal, Sept. 27, 2019--Rachel Louise Ensign, Justin Baer (subscription)Wells Fargo said Scharf will join the bank as president and CEO on Oct. 21. He succeeds C. Allen Parker, Wells Fargo's general counsel, who has been serving as interim chief since Timothy Sloan resigned in late March.
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FHFA Resolves Dispute with Employee over Sexual Harrassment Claim
National Mortgage News, Sept. 27, 2019--Hannah Lang (subscription)The Federal Housing Finance Agency announced Friday that it reached a resolution with a woman who had accused former agency Director Mel Watt of sexual harassment.
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