HousingWireHousingWire Life after the 2008 financial crisis hasn’t been kind to the appraisal industry. Stagnant pay and increasingly shorter turnaround times have prompted tens of thousands to leave the profession, and the presence of appraisal management companies (AMCs) has rankled industry veterans. The tension between AMCs and appraisers has reached…
Continue reading →HousingWireHousingWire Ginnie Mae on Monday released a final term sheet for its new, complementary Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program referred to as “HMBS 2.0.” Ginnie Mae has been developing the final term sheet in consultation with reverse mortgage industry stakeholders and comments submitted to the government-owned company….
Continue reading →HousingWireHousingWire Ever since president-elect Donald Trump announced his appointment of onetime Republican presidential candidate Vivek Ramaswamy and Tesla CEO Elon Musk to co-lead a new “Department of Government Efficiency,“ housing agencies have been on edge. The soon-to-be-created department is ironically referred to as DOGE — a nod to the dog-themed…
Continue reading →More and more, according to the data, tax revenue from state-sanctioned gambling — from Keno and scratch tickets to casinos and sports betting — is becoming more valuable to the state’s budget than the other so-called “sin taxes.” For the state fiscal year 2024, all the games and gambling under…
Continue reading →HousingWireHousingWire There’s nothing quite like an 11th-hour twist. On Sunday evening, less than 48 hours before the National Association of Realtors’ (NAR) commission lawsuit settlement agreement is set to head for final approval, the Department of Justice (DOJ) filed its long-awaited statement of interest in the Sitzer/Burnett suit. DOJ notes in…
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