Author: PROGRESS In Lending

Government AffairsIn The News

Fair Housing Groups Nationwide Will Stay Open After Federal Court Ruling

A federal judge blocked a HUD plan that would have radically altered a decades-old fair housing grant program and defunded more than 100 private, community-based nonprofit fair housing enforcement organizations, which between them handle three in four housing discrimination complaints filed in this country. HUD’s plan would have caused some fair housing organizations to go out of business and others to lay off staff, significantly reducing their services to people experiencing discrimination and housing insecurity.

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AffordabilityIn The News

MBA: Mortgage Application Payments Decreased Slightly In July

Homebuyer affordability improved in July, with the national median payment applied for by purchase applicants decreasing to $2,175 from $2,191 in June. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).

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ExpansionIn The News

National AMC Can Now Accept And Process UAD 3.6 Orders

WFG Enterprise Solutions, a division of Williston Financial Group, announced that Valutrust Solutions, its national appraisal management company, is ready to accept and process appraisal orders using the Uniform Appraisal Dataset (UAD) 3.6 and redesigned appraisal reports. Valutrust Solutions’ staff and appraiser network have been trained and prepared to support lenders through the transition.

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