Biden signs American Rescue Plan. What does that mean for housing?

Approximately $10 billion will go toward helping homeowners struggling with mortgage payments.

Biden signs American Rescue Plan. Here's what that means   President Biden signed the American Rescue Plan Thursday, freeing up $1.9 trillion aimed at invigorating the economy following the pandemic. FHFA extends relaxed appraisal, lending standards   The FHFA announced it has again extended relaxed lending and appraisal standards put in place due to COVID-19 for both Fannie and Freddie. Cash flow worksheets for tax year 2020 are now available Determine self-employed borrowers' income with ease and accuracy with worksheets from MGIC. Our editable, auto-calculating cash flow analysis worksheets help you analyze cash flow, liquidity, rental income, and comparative income. Download your worksheets now! Sponsor Content How online auctions deliver on the promise of pre-foreclosure sales   The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace. Presented by Auction.com Who's the customer in UWM's wholesaler war?   I've spent years asking top mortgage lending execs this question: who's your primary customer, loan officers or consumers? Most answer LOs because most industry market share is still LO-driven. But let's go deeper to see if this answer holds up for execs and LOs over full market cycles. And let's frame it in the context of today's top wholesaler asking LOs to limit the options they have for consumer clients. How Nonbank Lenders Disrupt the Mortgage Lending Industry Discover the tech tools and strategies of nonbank lenders. Explore the trends that nonbanks are capitalizing upon to capture market share. Learn how lenders, bank and nonbank alike, can be prepared for what lies ahead. Tell Me More! Sponsor Content CFPB vows to protect LGBTQ borrowers under ECOA   The Consumer Financial Protection Bureau announced Tuesday it will be watching out for any potential lending discrimination based on sexual orientation or gender identity. Better.com to hire thousands from Google program   Better.com announced Thursday it will be adding at least 2,000 Google graduates in the next three years. Computershare Loan Services – A Recognized Leader In Servicing Computershare Loan Services (CLS) helps clients maximize returns on their portfolios and pivot quickly in a changing market. CLS leverages deep roots in default servicing to support both clients and homeowners at every step of the loan lifecycle. Partner with CLS. Sponsor Content HomeSmart snares prominent Atlanta brokerage   HomeSmart, the 8th biggest real estate brokerage in the country, just acquired Atlanta-based PalmerHouse Properties and its 2,000 agents. What is the end goal of tech disruption?   "We're creating systems that are ignoring the outliers and that's the implication of automating things," Catalina Kaiyoorawongs, co-founder and CEO of LoanSense, says in this HousingWire Magazine feature on tech disruption. HW+ Premium Content Best automation opportunities for loan processing Join SoftWorks AI CEO Ari Gross and Neostella CEO Matt Lautz as they explore trends in the automation space, practical applications and what these technologies mean for mortgage processing. Learn More! Sponsor Content Best of the rest Blend charts course for digital consumer lending expansion [FinLedger] Cash-Out Refinancings Hit Highest Level Since Financial Crisis [Wall Street Journal] Exclusive: Nearly Half of All Americans Missed Rent or Mortgage Payments Due to COVID-19, New Study Reveals [GOBankingRates] HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039, (469) 893-1480 Unsubscribe Manage preferences

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