Fannie | Jotup

STATEMENT BY THE NATIONAL ASSOCIATION OF REAL ESTATE BROKERS PRESIDENT COURTNEY JOHNSON ROSE

Retrieved on:

Monday, September 25, 2023

WASHINGTON, Sept. 25, 2023 /PRNewswire/ -- The National Association of Real Estate Brokers (NAREB) strongly supports the Federal Housing Finance Agency's (FHFA) proposed rule strengthening and codifying the equitable housing finance plans submitted by mortgage giants Fannie Mae and Freddie Mac and the agency's other measures addressing racial disparities in homeownership. These plans are one of the federal government's most effective methods of increasing homeownership for families of color and expanding their opportunities for affordable rental housing. Under the proposed rule, Fannie's and Freddie's fair lending and fair housing functions and equitable housing finance plans become statutory requirements. Further, their operations will receive clearer and more appropriate oversight, compliance, and enforcement.

Key Points:

Under the proposed rule, Fannie's and Freddie's fair lending and fair housing functions and equitable housing finance plans become statutory requirements.
These measures are necessary to address decades of racially biased public policies and private practices aimed at preventing Blacks from becoming homeowners.
In 2019, the median wealth for White households was $188,200, compared to $24,100 for Black and $36,100 for Hispanic households.
(For print or broadcast interviews with NAREB President Courtney Johnson Rose, contact Michael Frisby, [email protected] /202-625-4328.)

Sonida Senior Living, Inc. Announces Second Quarter 2023 Results

Retrieved on:

Monday, August 14, 2023

(1) Includes $0.4 million, $0.5 million, and $2.0 million of state grant revenue received in Q2 2023, Q2 2022, and Q1 2023, respectively.

Key Points:

(1) Includes $0.4 million, $0.5 million, and $2.0 million of state grant revenue received in Q2 2023, Q2 2022, and Q1 2023, respectively.
The increase is primarily due to a $2.3 million increase in labor and employee-related expenses and $0.9 million in other expenses.
Adjusted EBITDA for the three months ended June 30, 2023 was $7.5 million compared to $4.2 million for the three months ended June 30, 2022.
The Company made a $6.0 million equity draw on July 3, 2023 in exchange for 600,000 shares of common stock of the Company.

FICS® Hosts 36th Annual Users’ Conference, Excited to be Back in Person

Retrieved on:

Tuesday, May 23, 2023

Commercial Building & Real Estate, Software, Construction & Property, Finance, Banking, Professional Services, Technology, Residential Building & Real Estate, Computer, Speech, Eclose, COVID, Fannie, Commercial, Conference, Total

Financial Industry Computer Systems, Inc. (FICS®), a leading mortgage loan origination software , residential servicing software and commercial servicing software provider, recently hosted its 36th Annual Users’ Conference in Dallas.

Key Points:

Financial Industry Computer Systems, Inc. (FICS®), a leading mortgage loan origination software , residential servicing software and commercial servicing software provider, recently hosted its 36th Annual Users’ Conference in Dallas.
“Our purpose is to empower our customers to be competitive in the industry by disentangling the mortgage process.
Special sessions featured comprehensive overviews of the system functionality in Loan Producer®, Commercial Servicer® and Mortgage Servicer®.
I’m always excited to see what is presented at each year’s conference.”
The 2024 Users’ Conference will be held April 10th – 12th in Dallas.

Citywide Home Loans Announces a Major Market Expansion With an Innovative Charter Branch Model

Retrieved on:

Thursday, May 11, 2023

Marketing, Scania Citywide, Guaranteed Rate, Freedom, Fannie, CRM, Real estate, Freddy

Citywide's Charter Branch Model was designed for collaborative leaders who are hungry to grow and feel a part of something bigger.

Key Points:

Citywide's Charter Branch Model was designed for collaborative leaders who are hungry to grow and feel a part of something bigger.
"We don't handcuff you and force you into a brand box; Citywide offers the flexibility to customize your branch or region experience."
Benefits of the Citywide charter branch model include the Citywide Pricing Validator, an internal construction department with 1X and 2X close, in-house recruiting, and personalized branding.
For more information about charter branch opportunities with Citywide Home Loans, please contact [email protected] .

21 FICS® Customers Featured in Mortgage Bankers Association’s 2022 Year-End Rankings of Top Commercial/Multifamily Servicers

Retrieved on:

Tuesday, April 25, 2023

Twenty-one of the software provider’s current clients were included in the top 82 companies in the Year-End 2022 Commercial/Multifamily Real Estate Mortgage Servicer Rankings.

Key Points:

Twenty-one of the software provider’s current clients were included in the top 82 companies in the Year-End 2022 Commercial/Multifamily Real Estate Mortgage Servicer Rankings.
The MBA releases its rankings of servicers at the end of each year.
FICS’ Commercial Servicer® plays a significant role in helping the customers included in the rankings manage their commercial loan portfolios.
The 21 FICS® customers featured in this year’s MBA year-end rankings validate that our software provides the functionality servicers need to achieve exceptional business success.”

ASA Releases Op-Ed Discussing FHFA's Allowing Fannie Mae to Expand its Appraisal Waiver Program

Retrieved on:

Thursday, April 6, 2023

ASA, Housing, Bias, Interview, Fannie, Fannie Mae, JD, FHFA, Real estate, Industrial design

HERNDON, Va., April 6, 2023 /PRNewswire/ -- ASA has released an op-ed criticizing FHFA's decisions to allow Fannie Mae to expand its appraisal waiver program.

Key Points:

HERNDON, Va., April 6, 2023 /PRNewswire/ -- ASA has released an op-ed criticizing FHFA's decisions to allow Fannie Mae to expand its appraisal waiver program.
Authored by John D. Russell , JD, Strategic Partnership Officer for ASA, the piece addresses Fannie's search for a more automated future and its potential impact on housing finance, especially the absence of consumer protection in the homebuying process.
The op-ed moves on to discuss issues related to bias and discrimination, as well as the overarching need for a human role in homebuying.
For interview requests with John D. Russell, please contact ASA at (703) 733-2103 or [email protected] .

FICS® Named to HousingWire’s HW Tech100 List for Tenth Consecutive Year

Retrieved on:

Tuesday, March 14, 2023

Commercial Building & Real Estate, Software, Construction & Property, Finance, Banking, Professional Services, Technology, Residential Building & Real Estate, HW, Service provider, Organization, API, Mortgage Bankers Association, Government National Mortgage Association, Computer, Ginny, Fannie, Real estate

For the fourth year in a row, the Tech100 program was presented in two groups—HW Tech100 Mortgage and HW Tech100 Real Estate—to highlight the innovation and achievements of organizations from both sectors.

Key Points:

For the fourth year in a row, the Tech100 program was presented in two groups—HW Tech100 Mortgage and HW Tech100 Real Estate—to highlight the innovation and achievements of organizations from both sectors.
FICS® was recognized in the HW Tech100 Mortgage category.
Every year since 2014, more than 20 percent of the top servicers in the Mortgage Bankers Association’s Commercial/Multifamily Real Estate Mortgage Servicer Rankings list have been FICS’ customers.
Fifty-two percent of FICS’ Mortgage Servicer® customers are approved Fannie Mae® servicers, and 29 percent are Freddie Mac® servicers.

Walker & Dunlop #1 Multifamily GSE Lender in 2022

Retrieved on:

Monday, January 30, 2023

Walker & Dunlop, Inc. (NYSE: WD) was recognized as the largest Fannie Mae DUS® lender by volume in 2022, making it Fannie Mae’s #1 partner for the fourth consecutive year.

Key Points:

Walker & Dunlop, Inc. (NYSE: WD) was recognized as the largest Fannie Mae DUS® lender by volume in 2022, making it Fannie Mae’s #1 partner for the fourth consecutive year.
On a combined basis, with both Fannie Mae and Freddie Mac (the “GSEs”), Walker & Dunlop delivered $18 billion of loan deliveries, making it the largest GSE lender in the country for the first time ever.
“What an amazing accomplishment for our team and partnerships with both Fannie Mae and Freddie Mac to be the largest DUS® lender for the fourth consecutive year and largest GSE lender in the country for the first time ever!” commented Chairman and CEO, Willy Walker .
“The liquidity that Fannie and Freddie provide to the multifamily housing market is critical in good times and bad, and once again, when market demand spiked for GSE capital, Walker & Dunlop was the market’s #1 choice.

RiskSpan' Edge Platform Adds Fannie and Freddie Social Index Data

Retrieved on:

Wednesday, January 18, 2023

MBS, Freddy, Data management, Fannie, Calvert Social Index, Agency, Freddie Mac, Fannie Mae, Risk assessment, Insurance

ARLINGTON, Va., Jan. 18, 2023 /PRNewswire/ -- RiskSpan, a leading technology company and the most comprehensive source for data management and analytics for residential mortgage and structured products, has announced the incorporation of Fannie Mae's and Freddie Mac's Single-Family Social Index data into its award-winning Edge Platform.

Key Points:

ARLINGTON, Va., Jan. 18, 2023 /PRNewswire/ -- RiskSpan, a leading technology company and the most comprehensive source for data management and analytics for residential mortgage and structured products, has announced the incorporation of Fannie Mae's and Freddie Mac's Single-Family Social Index data into its award-winning Edge Platform.
Fannie and Freddie rolled out their social index disclosures in November 2022.
Rather than classifying each individual bond as "social" or "not social," the new Agency data available on the Edge Platform assigns every pool two fully transparent scores – one indicating the percentage of loans in a pool that satisfy any of the defined social criteria, the other reflecting how many criteria a pool's average loan satisfies.
Taken together, these enable Agency traders and investors to view and understand each pool along a full continuum of the social index, as opposed to simply assigning a binary social designation.

Demotech - The Rating Agency that Stepped Up

Retrieved on:

Wednesday, November 23, 2022

Since 1985, Demotech has served the industry by assigning accurate, reliable, and proven Financial Stability Ratingsto P&C insurers and Title underwriters.

Key Points:

Since 1985, Demotech has served the industry by assigning accurate, reliable, and proven Financial Stability Ratingsto P&C insurers and Title underwriters.
In 1996, when the major insurer rating agencies avoided the newly capitalized insurers depopulating the Florida Residential Property and Casualty Joint Underwriting Association (JUA), Demotech, Inc.,the insurer rating agency accepted by Fannie and Freddie since 1990, stepped up to rate the insurers that would de-populate the JUA.
By doing so, the rating agency grew from rating a negligible market share of Florida's premium volume to nearly 60% of the homeowners' volume in the state.
Now, just to be clear, Demotech is NOT a lobbying agency, it is a rating agency that stepped up in its rhetorical outreach to better a marketplace in which it plays a key role.