Ginnie Mae seeks budget increase to manage sizable reverse mortgage portfolio

As part of the budget request submitted to Congress by President Joe Biden and the White House, the U.S. Department of Housing and Urban Development (HUD) detailed some of its hopes for Ginnie Mae. This includes an increase to its 2025 budget authority that, in part, will go toward management of the
Read MorePanic! at the brokerage: Industry leaders plan next steps after NAR settlement

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits, Doug Danzey, the leader of the eXp Realty-brokered teamerage The Cobalt Group, said the most pervasive emotion among his agents has been panic. “I don’t think they really
Read MoreLennar Mortgage signs on with ICE’s loan servicing system

Lennar Mortgage, a financial services subsidiary of Lennar Corp., will move its servicing operations to the industry-leading MSP loan servicing system from ICE Mortgage Technology, ICE announced on Monday. With Lennar already leveraging ICE’s loan origination system, Encompass, the company will bene
Read MoreICE unveils two new property valuation solutions

Intercontinental Exchange (ICE) Mortgage Technology introduced two new tools, Validate ROV and Validate Selector, to its growing suite of property valuation solutions, the company announced on Monday. The newly released tools are designed to complement other ICE tools, including automated valuation
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