The Federal Housing Administration published Mortgagee Letter 2023-08: Extension for COVID-19 Forbearance and COVID-19 Home Equity Conversion Mortgage Extensions, setting May 31 as the final date for borrowers requesting a COVID-19 forbearance or a COVID-19 Home Equity Conversion Mortgage Extension.
Tag: MCT
Industry Briefs Mar. 13, 2023: Lodestar Partners with Nationwide Appraisal Network
LodeStar Software Solutions, Philadelphia, partnered with Nationwide Appraisal Network, a nationwide appraisal management company. The partnership will enable users of LodeStar’s closing fee technology to access appraisal fees for fee estimates across the nation.
Industry Briefs Feb. 8, 2023: TCN Worldwide Expands in Pa., Ohio, N.Y.
TCN Worldwide Real Estate Services added Jabe Companies Commercial Real Estate and Hanna Commercial Real Estate as the newest member firms
Industry Briefs Jan. 31, 2023: Revolution Mortgage Partners with Silverwork Solutions
Silverwork Solutions, Chicago, a developer of digital workforce BOTs, announced a partnership with Revolution Mortgage, Columbus, Ohio.
Housing Market Roundup Jan. 10, 2023
Here’s a summary of recent housing/economics articles that came across the MBA NewsLink desk:
Industry Briefs Dec. 6, 2022: Redfin Adds Zoning Data for More Than 70 Million Homes
Through a partnership with Zoneomics, Redfin provides users with a detailed view that educates them on implications of their local zoning guidelines for nearly any home in the U.S. and Canada.
Industry Briefs Nov. 18, 2022: Revvin Releases HELOC-Ready Workflows
Revvin, Chicago, released a set of HELOC-specific workflows that make it easier for lenders to attract home equity line of credit applicants and gather the required information for delivery to the lender’s LOS.
Industry Briefs Nov. 4, 2022: Click n’ Close Launches SmartBuy Loan Suite
Click n’ Close, Addison, Texas, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, launched SmartBuy, a suite of loan programs designed to give low and moderate-income homebuyers an advantage.
Cash-Outs, Purchase Locks Decline Amid Record-Low Affordability
Black Knight, Jacksonville, Fla., said cash-out refinances fell significantly in September, by 26.2 percent from August alone and by 78 percent from a year ago. A similar report from MCT, San Diego, also found a sharp drop in loan lock volume in September.
Industry Briefs Sept. 16, 2022: HUD Announces $12.5 Million Funding Opportunity to Expand Access to Affordable Homeownership
HUD announced availability of $12.5 million through the Self-Help Homeownership Opportunity Program for eligible national and regional non-profit organizations and consortia with experience providing or facilitating self-help housing opportunities.