FHFA Proposes Affordable Housing Goals for Fannie, Freddie

The Federal Housing Finance Agency (FHFA) proposed housing goals​ for Fannie Mae and Freddie Mac to promote equitable access to affordable housing that reaches low- and moderate-income families, minority communities, rural areas and other underserved populations over the next three years. FHFA is proposing two new single-family home purchase subgoals to replace the existing low-income areas

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Advancing Diversity, Equity and Inclusion Through Corporate Social Justice

By Damon Carter The ongoing protests against unjust policing of Blacks and Hispanics in various communities, along with the numerous acts of violence impacting the LGBTQ and Asian-Pacific Islander communities, continue to bring increased awareness to the cumulative impacts of systemic racism in our society. Consequently, both large and small companies across the United States

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Mortgage Fraud Increases as Market Shifts to Purchases

A shift to a purchase-dominated origination market from strong refinance business has pushed fraud risk to its highest level since early 2019, according to CoreLogic’s latest report. The probability of application fraud jumped 10.5% during the second quarter compared to the same period a year ago. The year-over-year increase is 37.2% annually. The index is

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Update on 2021 ALTA Forms Collection

Redlines are now available to all 2021 Policy Base Forms, Commitments and Endorsements that were published July 30.  The redlines appear within the indented text immediately below the listed form. Redlines are available here. Endorsement 10.1 has been updated with the following changes below. This revised version has been designated as 2021 v. 01.01 07-01-2021.

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Consumers Call Remote Online Notarization Process Safe, Secure

An overwhelming majority of consumers who used remote online notarization (RON) technology to complete their real estate transaction described the process as secure and convenient, and made the possibility of purchasing a home a reality. According to a survey issued by ALTA member company Champion Title, 97% of consumers who closed on transactions in Virginia

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