Southwest Stage Funding LLC, dba Cascade Financial Services, a national provider of financing to buyers of manufactured homes, launch its Social Bond Framework, which furthers the company’s commitment to creating pathways for affordable housing.
The Federal Housing Administration this week published Mortgagee Letter 2022-07, Update to the COVID-19 Recovery Loss Mitigation Options, which adds to FHA’s COVID-19 Recovery Loss Mitigation Options, a loan modification with a 40-year term used together with a partial claim.
Wolters Kluwer Governance, Risk & Compliance, Minneapolis, signed an agreement with The Reynolds and Reynolds Co. to acquire International Document Services Inc., Draper, Utah, a provider of compliance and document generation software platforms for the mortgage and real estate industry, for $70 million in cash.
Home sales, which increased more than 6% in 2021 to a 15-year high, will remain strong this year — supported by solid demographic trends and an expected increase in homes for sale, according to the winter edition of The Housing and Mortgage Market Review from Arch Mortgage Insurance Co., Greensboro, N.C.
Last Monday, MBA submitted comments to the OCC on draft principles for large banks’ management of climate-related financial risk. On Tuesday, the FHA announced it is extending the mandatory implementation deadline for mortgagees to begin delivering appraisals through the FHA Catalyst: Electronic Appraisal Delivery Module.