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NAF rebrands initiative designed to boost Black homeownership

Housing Wire

Multichannel mortgage lender New American Funding (NAF) announced this week the relaunch of its initiative designed to recruit, educate and expand loan officer understanding around issues faced by borrowers of color as “ NAF Black Impact.” For us, this is much more than a rebrand of the initiative. while the rate among whites stood at 74%.

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As the VA loan turns 80, its economic impact is in the trillions

Housing Wire

The program was designed to help military service members successfully transition to civilian status by becoming homeowners and building the wealth they missed out on during the war. Department of Veterans Affairs (VA) has contributed $3.9 trillion to the national economy since its inception near the end of World War II. It originated $17.6

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Proof, Qualia introduce security features designed to combat fraud

Housing Wire

It was a big week on the cybersecurity front as remote online notarization (RON) firm Proof —formerly Notarize — and digital closing platform Qualia each launched new security features aimed at fraud prevention. Wire fraud poses an enormous financial threat to the industry, and it happens every day.

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Reshaping appraisals: Jaro’s high-tech solutions innovate the appraisal process in an evolving real estate market

Housing Wire

Jaro’s products are designed to offer new and improved solutions to help lenders tackle modern-day appraisals with pinpoint accuracy designed to eliminate bias and urban pricing discrepancies as homebuyers migrate between the suburbs and major cities. Jaro stands tall as the only end-to-end appraisal platform on the market.

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Climate risk is rising. It calls for a rethinking of home insurance coverage

Housing Wire

For homeowners with conventional loans backed by Fannie Mae and Freddie Mac , insurance at replacement cost is mandatory, but flood insurance is only required in designated flood zones. Others say homeowners insurance wasn’t designed around catastrophe risk — it was designed around idiosyncratic storms or trees falling on roofs.

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UC Davis researcher and caregiver spearheads tech to connect older adults with family

Housing Wire

Alyssa Weakley — a clinical neuropsychologist, researcher and a caregiver to an older adult — has assisted in the creation of a technology platform that is designed to more easily connect older adults with their family members and caregivers to better support aging-in-place goals. There are six core functions that it relies upon.

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FCC says new rules for robocall and text opt-outs will take effect in April 2025

Housing Wire

The new guidelines are designed to make it easier for consumers to revoke consent for unwanted robocalls and texts. The rules also impose stricter compliance guidelines on the organizations responsible for the communications, saying that companies must respond to opt-out requests in a “timely manner.” Department of Defense.

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