Mortgage Pre-Qualification Versus Pre-Approval – Homebuyer.com
Pre-qualifications and pre-approvals are how mortgage lenders determine whether your mortgage will be approved and how much mortgage you can afford. The terms pre-qualification and pre-approval are not interchangeable. A pre-qualification is a mortgage approval based on self-reported information. It does not verify a buyer’s credit score, income or money in the bank. This is […]
Marketing Leader John Lyons to Speak at the HW Annual
Are you ready to roll up your sleeves and get to work? We hear that one of the main goals for you this year is to increase your market share, but fair warning, it’s not going to happen without some serious intent and strategy. This year at the HousingWire Annual, John Lyons, Executive Vice President […]
House lawmakers target Chopra, CFPB in controversial hearing
The tone was set at the start of the proceedings, which were ordered by Rep. Andy Barr (R-Ky.) in place of Speaker Rep. Patrick McHenry (RN.C.). “First, your agency identifies a consumer harm in one instance for a specific product,” Barr said. “From there, you infer that there is harm everywhere and everyone should be […]
Agencies seek input on proposed AVM reliability, integrity rule
Six federal agencies have requested comments from the public on a new proposed rule designed to “ensure the reliability and integrity of models used in real estate valuations.” The proposed rule would also enforce quality control standards that govern the use of automated valuation models (AVMs) used by mortgage originators and secondary market issuers in […]
16 Things to Do in Washington, DC
beyond iconic monuments and historical sitesDC offers countless offbeat and unique things to do that will make your time here truly memorable. in search of the living Washington, DC Neighborhoods and rich arts and culture scene, indulging in diverse culinary delights to immerse yourself in, Washington, D.C. has a wealth of unconventional adventures. In this […]
NPAS Launches Its Pinnacle Desktop Appraisals Product Line
Nationwide Property & Appraisal Services LLC (NPAS), a leader in the real estate appraisal space, on Tuesday announced the launch of its product line, Pinnacle Desktop Appraisals. According to the company, the service provides cost-effective solutions that enhance efficiency, accuracy and fairness. Designed to meet the needs of home equity lenders, fix and flip lenders, […]
Federal agencies propose guidance for residential ROVs
five federal agencies including consumer financial protection bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the federal ReserveThe National Credit Union Administration (NCUA) and office of the comptroller of the currency (OCC), are collectively proposing new interagency guidance on Reconsideration of Value (ROV) for residential real estate transactions. The announcement states, “The proposed guidance advises […]
Sean Donovan Named CEO of Enterprise Community Partners
Sean Donovan, former secretary of U.S. Department of Housing and Urban Development (HUD) and former Director US Office of Management and Budget (OMB) has been appointed CEO Enterprise Community PartnersA national housing nonprofit that aggregates housing investment, advocates for housing policies, and builds and manages communities. Donovan, who served during the entire eight years of […]
Kamala Harris talks proposed AVM bias rule as White House announces new assessment tasks
Shortly after Thursday’s announcement by six federal agencies revealing a proposed rule that would enforce quality control standards governing the use of automated valuation models (AVMs), Vice President Kamala Harris weighed in. “Today, I am proud to announce that we are developing a rule that will require financial institutions to ensure that their valuation algorithms […]
7 Ideas for Jaw-Dropping Luxury Landscaping
A carefully crafted landscape not only enhances the appeal of luxury properties, but it also creates a serene and picturesque environment to relax and entertain guests. whether you have modern los angeles mansion or a Mediterranean style scottsdale homeLuxury landscaping has the power to create an outdoor oasis that exudes opulence and charm. From selecting […]
