What you don't know about redlining

The main law policing redlining is the Community Reinvestment Act, which regulators enforce when banks seek to grow bigger. While Biden administration officials claim that rooting out redlining is a top priority, the federal government's merger review process is a mere formality.

March 28, 2022 Was this email forwarded to you? Sign up for HousingWire's Daily Update here. Inside the government's feeble fight to end redlining Politics & Money, Mortgage, HW+ Exclusive Content The main law policing redlining is the Community Reinvestment Act, which regulators enforce when banks seek to grow bigger. While Biden administration officials claim that rooting out redlining is a top priority, the federal government's merger review process is a mere formality. Inside Figure's bold plan for crypto mortgages Mortgage, Technology, HW+ Exclusive Content Figure Technologies will be releasing a cryptocurrency-backed 30-year fixed-rate mortgage product in April. The fintech will fund mortgages up to $20 million, with a 100% LTV. HousingWire has all the details. Digital Foreclosure Tools Improve Workflow Stavvy has created a foreclosure workflow for servicers to collaborate accurately with customers – with care and clarity. Enable document feedback, eSign capabilities, and RON features on a single, online platform.   Learn More! Sponsored by Stavvy New York might make it even harder to foreclose Mortgage This episode looks at the NY bill that changes foreclosure timelines as well as the $4.5B worth of mortgages wrongfully insured by the FHA. Listen Now! How pricing data will give mortgage professionals an upper hand in 2022 Presented by Nomis Solutions Having access to fast, accurate, and current rate data is critical in today's ever-evolving mortgage landscape—and not just for the LOs who quote these loans. HW+ Master Class: Amplify your Influence with René Rodriguez In a preview of his new book Amplify Your Influence, René Rodriguez will demonstrate how today's leaders can apply neuroscience to their real-world persuasion and influence strategies to transform how they communicate and lead. The first 500 registrants receive a free copy of Amplify Your Influence! Register today! Sponsored by Stavvy Fannie Mae COO Kimberly Johnson to resign in April People Movers, Politics & Money The senior executive exodus at Fannie Mae continues: the latest departure is Kimberly Johnson, executive vice president and chief operating officer of the government sponsored enterprise. Desktop Appraisals Are Here to Stay – Are You Ready? With desktop appraisals becoming permanent this month, how prepared are you? Now is the time to leverage our award-winning ValueNet™ technology suite to drive lower costs, faster turn times and a truly digital experience. Learn More! Sponsored by Accurate Group, LLC HMDA: The top 10 VA lenders by volume in 2021 Mortgage Freedom Mortgage retained its spot as the top VA lender by volume in America, originating $43B in VA loans in 2021. Its originations slipped 23%. Why housing inventory is so low right now Politics & Money, Real Estate, HW+ Exclusive Content In 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months. RealTrends 500: Keller Williams and RE/MAX offices tops in percentage transaction sides Real Estate, Brokerage, HW+ Exclusive Content Keller Williams and RE/MAX lead the list of the top 50 one-year movers by percentage transaction sides, with Keller Williams — Cunningham Group, based in Santa Monica, California, seeing a 136% increase in sides between 2020 and 2021. Data for the 2022 RealTrends 500 rankings is based on 2021 sales. RealTrends 500: eXp, Compass lead in one-year movers by closed sides Real Estate, Brokerage, HW+ Exclusive Content eXp Realty and Compass lead the top movers by transactions. Different from our top movers by transaction side percentage, this is the actual numeric increase in transaction sides year to year between 2020 and 2021. RealTrends 500: The Agency, Pacific Sotheby's in top spots for average sales price Brokerage, Real Estate, HW+ Exclusive Content Beverly Hills, California-based The Agency leads the top 50 firms in average sales price by sides with a whopping $2.5 million average sales price in the 2022 RealTrends 500 brokerage rankings. HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039 Manage preferences

Share this

Share on FacebookPlus on Google+