FHFA | Jotup

BTIG to Host 4th Annual Housing Ecosystem Conference on May 6-7, 2024

Retrieved on:

Wednesday, May 1, 2024

Banking, Professional Services, Finance, Health, Research, FHFA, Ecosystem, Government, Element, Conference, CFA, Housing, Cryptocurrency

BTIG announced that it will hold its fourth annual Housing Ecosystem Conference, which will take place on Monday, May 6 through Tuesday, May 7, 2024, in New York, NY.

Key Points:

BTIG announced that it will hold its fourth annual Housing Ecosystem Conference, which will take place on Monday, May 6 through Tuesday, May 7, 2024, in New York, NY.
Company management teams and institutional investor clients will join BTIG for guest speakers, thematic panels and one-on-one meetings.
Topics will include the health and future of the U.S. housing market, growth opportunities across the housing ecosystem, and the changing role of capital markets and government in the residential shelter space.
“This conference serves as a unique opportunity to exchange ideas and explore the elements driving the housing ecosystem today and into the future.”
For more information about the conference, email [email protected] .

ALTA Commends Leadership of House Democrats Questioning Administration's Title Waiver Program

Retrieved on:

Wednesday, April 17, 2024

"While well-intentioned, this pilot program will not address the true issue of housing affordability in our communities and puts homebuyers at risk," the members wrote.

Key Points:

"While well-intentioned, this pilot program will not address the true issue of housing affordability in our communities and puts homebuyers at risk," the members wrote.
"Title insurance professionals halt fraudulent real estate transactions such as impersonation scams, elder financial exploitation, and attempts to defraud spouses, partners, or other property heirs.
"On behalf of title companies in every county nationwide, who work tirelessly every day to protect the American dream of homeownership, we commend the leadership of Rep. Nickel and his Democratic colleagues in raising serious concerns about the administration's title waiver pilot program," said ALTA CEO Diane Tomb.
The title waiver program has faced bipartisan backlash from Members of Congress since being revived ahead of the State of the Union.

Change Lending Approved for Membership in the Federal Home Loan Bank of San Francisco

Retrieved on:

Wednesday, March 13, 2024

Professional Services, Business, Communications, Finance, Consulting, Banking, Public Relations, Investor Relations, FHFA, Partnership, Bank, Acquisition, Certification, CDFI, FHLB, Federal Home Loan Banks, Treasury, AAA

Change Lending, LLC (“Change”) announced today that the Federal Home Loan Bank of San Francisco (“FHLB-SF” or the “Bank”) has approved Change’s application for membership in the Bank.

Key Points:

Change Lending, LLC (“Change”) announced today that the Federal Home Loan Bank of San Francisco (“FHLB-SF” or the “Bank”) has approved Change’s application for membership in the Bank.
This decision was based on the determination that Change satisfied all statutory requirements for membership – including those relating to capital, profitability, and liquidity.
Change Lending and its parent company, The Change Company CDFI LLC (“The Change Company”), are each community development financial institutions certified by the United States Department of the Treasury.
Steven Sugarman, Founder of The Change Company, stated, “Change Lending is proud to become a member of the FHLB-SF.

Doma Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Tuesday, March 12, 2024

Doma Holdings, Inc. (NYSE: DOMA) (“Doma” or the “Company”), a leading force for disruptive change in the real estate industry, today reported financial results and key operating data for the three months and twelve months ended December 31, 2023.

Key Points:

Doma Holdings, Inc. (NYSE: DOMA) (“Doma” or the “Company”), a leading force for disruptive change in the real estate industry, today reported financial results and key operating data for the three months and twelve months ended December 31, 2023.
Local and associated operations are classified as “discontinued operations” and segregated in the Company’s financial results beginning in the third quarter ended September 30, 2023.
The financial results and key operating data highlighted today reflect the continuing operations of Doma, excluding the discontinued Local and associated operations.
Doma will host a conference call at 5:00 PM Eastern Time today on Tuesday, March 12, to present its fourth quarter and full year 2023 financial results.

VantageScore® Credit Score Usage Surges 42% to 27 Billion Credit Scores in 2023

Retrieved on:

Wednesday, April 3, 2024

Federal Reserve Bank, CARD, Organization, Growth, FHFA, Consumer debt, SAN, Household, Associate, CRA International, WalletHub, Analysis, VantageScore, STRONG, BANKS, Government, Bank

SAN FRANCISCO, April 3, 2024 /PRNewswire/ -- VantageScore today announced that overall usage of its credit scores increased by 42% in 2023 to a record volume of over 27 billion credit scores. This growth is reflected by increased usage by financial institutions and organizations including banks, credit card lenders, fintechs, consumer websites and government entities, among others. More than 3,400 unique banks, lenders and other institutions used VantageScore in 2023, including eight of the top 10 banks. This is according to the results of the 2024 VantageScore® Market Study Report ("Market Study Report"), a comprehensive, independent third-party analysis conducted by Charles River Associates.

Key Points:

SAN FRANCISCO, April 3, 2024 /PRNewswire/ -- VantageScore today announced that overall usage of its credit scores increased by 42% in 2023 to a record volume of over 27 billion credit scores.
Overall, usage by financial institutions grew by 46% year over year to nearly 13 billion consumer credit scores in 2023 compared to approximately 9 billion in 2022.
Usage among non-financial institutions grew by 39% overall to just over 14 billion scores in 2023 compared to 10 billion in 2022.
Overall, the non-financial category grew by 39% from 10.2 billion credit scores to 14.2 billion credit scores.

The National Association of Mortgage Brokers Hosts 33rd Annual Legislative & Regulatory Conference

Retrieved on:

Tuesday, March 26, 2024

Second Continental Congress, Congress, Conference, FHFA, UnidosUS, National Housing Conference, National Association, Capitol, Freddie Mac, Mortgage broker, HUD, Real estate

WASHINGTON, March 26, 2024 /PRNewswire-PRWeb/ -- The National Association of Mortgage Brokers (NAMB), the first and only membership-led and volunteer-driven organization representing the interests of mortgage brokers and home buyers since 1973, is pleased to invite its members and all mortgage professionals to attend its 33rd annual Legislative & Regulatory Conference in Washington D.C. April 15-17, 2024.

Key Points:

Only volunteer-driven, national organization representing mortgage brokers to host members of the U.S. Congress, FHFA, HUD and additional national thought leaders
WASHINGTON, March 26, 2024 /PRNewswire-PRWeb/ -- The National Association of Mortgage Brokers ( NAMB ), the first and only membership-led and volunteer-driven organization representing the interests of mortgage brokers and home buyers since 1973, is pleased to invite its members and all mortgage professionals to attend its 33rd annual Legislative & Regulatory Conference in Washington D.C. April 15-17, 2024.
"One of the many ways NAMB has delivered value to its members and the marketplace for 50 years is through its critical legislative & regulatory efforts.
To register for NAMB's Legislative & Regulatory Conference, please follow this link .
Conference attendees will hear directly from many lawmakers and regulatory leaders during the event including:

White House Touts Title Insurance Waiver Program as Promise of SavingsBut Program Doesn't Help First-Time Homebuyers or Low-Income Households, says American Land Title Association

Retrieved on:

Friday, March 8, 2024

In reality, the pilot only covers refinancings – which would exclusively benefit existing high-income homeowners and would not affect first-time homebuyers at all.

Key Points:

In reality, the pilot only covers refinancings – which would exclusively benefit existing high-income homeowners and would not affect first-time homebuyers at all.
Ninety percent of title companies are small businesses, many of them women-owned, and these businesses operate in every county in the country.
The American Land Title Association (ALTA) is committed to working with policymakers to thoughtfully address housing affordability and opportunity while also protecting consumers and their most important investments.
To read ALTA's previous statement on the White House announcement of the waiver pilot program click here: ALTA Says White House Attack on Title Insurance Offers False Promise of Savings
View original content to download multimedia: https://www.prnewswire.com/news-releases/white-house-touts-title-insuran...

Join Us for CREFC's Timely High-Yield, Distressed Assets, & Servicing Conference in New York

Retrieved on:

Wednesday, February 7, 2024

Politics, Cato Institute, Housing, Mechanics, FHFA, Good, Federal Housing Finance Agency, Bangladesh Technical Education Board, Holland & Knight, Conference, CRE

NEW YORK, Feb. 7, 2024 /PRNewswire/ -- The CRE Finance Council (CREFC), the trade association that exclusively represents the nearly $6 trillion commercial and multifamily real estate finance industry, will host its annual High-Yield, Distressed Assets, & Servicing Conference on March 6-7 in New York City. This event brings together servicers, alternative lenders, and high-yield investors focused on commercial real estate (CRE) debt and equity, as well as sub-performing and non-performing commercial property loans.

Key Points:

CREFC's timely two-day conference offers a rich program examining the latest top-of-mind issues in CRE finance, including rising borrowing costs tied to elevated interest rates and escalating expenses for property owners.
Attendees will have the opportunity to learn how different property types respond to a mix of macroeconomic challenges and high borrowing costs.
Conference sessions will also take a deep dive into the mechanics of CRE debt workouts and servicing troubled debt.
Dr. Calabria, currently a senior advisor to the Cato Institute, will speak about housing, politics, the regulatory environment, and macroeconomic issues.

R&T Deposit Solutions Names Jason Cave as Strategic Advisor for Regulatory and External Relations

Retrieved on:

Wednesday, January 31, 2024

Freddie Mac, Growth, FDIC, Federal Deposit Insurance Corporation, FHFA, Fintech, Federal Housing Finance Agency, Regulation, Fannie Mae, Finance, Bank

NEW YORK, Jan. 31, 2024 /PRNewswire/ -- R&T Deposit Solutions ("R&T"), a leading provider of tech-enabled liquidity management, deposit funding, and securities-based lending programs, announced today the appointment of Jason Cave as a Strategic Advisor for Regulatory and External Relations.

Key Points:

NEW YORK, Jan. 31, 2024 /PRNewswire/ -- R&T Deposit Solutions ("R&T"), a leading provider of tech-enabled liquidity management, deposit funding, and securities-based lending programs, announced today the appointment of Jason Cave as a Strategic Advisor for Regulatory and External Relations.
Mr. Cave brings over 30 years of experience in public leadership, regulatory development, and financial institution stability.
"Together, we are focused on creating a better future for our clients, shaping a landscape of financial institution stability and strategic innovation."
At the FDIC, Mr. Cave led capital markets operations and the bank risk oversight program.

Freddie Mac Multifamily Supports Over 423,000 Affordable Rental Units in 2023, on Track to Exceed Affordable Housing Goals

Retrieved on:

Monday, January 22, 2024

AMI, Housing, FMCC, Freddie Mac, Federal Housing Finance Agency, OTCQB, Investment, Tenant, FHFA, Commercial property

The company met its mission-driven affordable housing targets, supporting 423,177 affordable rental units across the United States.

Key Points:

The company met its mission-driven affordable housing targets, supporting 423,177 affordable rental units across the United States.
The Freddie Mac data released today indicates that the company will achieve all of its 2023 Multifamily affordable housing goals set by the Federal Housing Finance Agency (FHFA).
“In 2023, Freddie Mac Multifamily was proud to again surpass our ambitious affordable housing goals, despite significant headwinds facing the overall market,” said Kevin Palmer, head of Multifamily for Freddie Mac.
In addition, Freddie Mac Multifamily financed more than $13 billion in Targeted Affordable Housing in 2023, supporting nearly 108,000 rent-restricted affordable units.