Housing Wire

FEBRUARY 14, 2022

Nearly a year after a federal judge dismissed the Consumer Financial Protection Bureau ‘s mortgage servicing misconduct suit against Ocwen Financial Corp. , It may be now that Ocwen wishes it had negotiated a more thorough, more comprehensive release in [December] 2013, but it did not.”. Last March, U.S.

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Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). Million — [Tampa, Florida].

Mortgage 383

Mortgage Marketing Finance Insurance 383

Housing Wire

AUGUST 25, 2021

Mortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development ’s proposed reinstatement of its 2013 disparate impact rule. But the mortgage industry and HUD don’t see eye-to-eye on how that decision should be taken into account.

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Housing Wire

APRIL 8, 2022

The Consumer Financial Protection Bureau ’s attempt to revive a mortgage servicing misconduct lawsuit against Ocwen Financial Corp. Mortgage servicers: If you’re not obsessed with customer service, you’re falling behind. 17, 2013, shielding the servicer from future actions arising from the alleged practices up to that point.

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Law Insurance Mortgage Marketing 373

Housing Wire

MARCH 30, 2021

The Housing Policy Council sent a letter to the Consumer Financial Protection Bureau on Tuesday expressing its opposition to delaying the implementation of the Final QM Rule and expiration of the 2013 QM Rule, set to take effect on July 1, 2021. 1, 2022 and opened up a comment period.

Mortgage 396

Mortgage Insurance Lending Marketing 396

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

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Development Appraisal Property Appraisal Insurance 319

Housing Wire

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

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Insurance Investors Design Finance 292

Housing Wire

NOVEMBER 11, 2021

Amrock , a title insurance, property valuations and settlement services provider that is part of the Rocket Companies family, announced Wednesday that longtime CEO, Brian Hughes will be retiring later this month and Nicole Beattie, the current vice president of mortgage servicing at sister company Rocket Mortgage , will take over.

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Valuation Technology Appraisal Clients 351

Housing Wire

JUNE 7, 2022

Through the STACR note offerings, private investors participate with Freddie Mac in sharing a portion of the mortgage credit risk in the reference loan pools retained by the agency. billion via five STACR and three Agency Credit Insurance Structure (ACIS) CRT deals. billion worth of notes being properly tendered and accepted.

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Investors Insurance Mortgage Marketing 341

Housing Wire

APRIL 22, 2024

Buddy up with a mortgage lender, insurance rep, or real estate attorney and work the room together. A handful of solid connections that could lead to impactful relationships over time is much more valuable than handing your card out to 100 people who will probably just throw it away. Use the buddy system.

Real Estate 348

Real Estate Real Estate Agent Agents Training 348

Housing Wire

OCTOBER 28, 2021

Just a few years ago, we were talking about shrinking the GSEs’ footprint, giving GSE charters to vertically integrated Wall Street banks, and giving these same Wall Street banks access to the GSEs’ Common Securitization Platform, which would have enabled them to dominate mortgage markets. Broader market considerations also come into play.

Mortgage 358

Mortgage Contracts Insurance Realtors 358

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

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Inspection Insurance Buyers Renovations 136

Housing Wire

JANUARY 25, 2023

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. trillion all-agency MSR market, according to mortgage-data analytics firm Recursion. Or it could signal a future MSR-market stampede. of the entire $8.4

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Buyers Investing Mortgage Marketing 334

Housing Wire

SEPTEMBER 8, 2020

Thomas O’Brien, former CEO and president at Insurance Auto Auctions Pam Patenaude, former deputy secretary of HUD and co-founder of the J.

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Investing Investors Government Insurance 288

Housing Wire

APRIL 22, 2024

If you want to think outside the box, consider partnering with an ambitious insurance agent who offers both rent and homeowners insurance. House-hacking is a great way to build wealth and pay down your mortgage. Send this letter to apartment complexes and past rental clients you’ve worked with. Please share it in the comments!

Real Estate 349

Real Estate Open Houses Brokerage Real Estate Agent 349

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

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Inspection Insurance Buyers Renovations 78

Housing Wire

MARCH 22, 2022

On the heels of completing its first credit insurance risk transfer (CIRT) deal of the year in early March, Fannie Mae has announced that it has executed two additional CIRT deals. . billion of mortgage credit risk to private insurers and reinsurers. “We billion reference pool of single-family mortgages. If that $65.3

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Insurance Mortgage Real Estate Investors 339

Housing Wire

SEPTEMBER 22, 2022

Fannie Mae has finalized its ninth Credit Insurance Risk Transfer (CIRT) transaction of the year, transferring some $700 million of mortgage credit risk to private insurers and reinsurers, the agency announced. The deal, CIRT 2022-9, involves a covered loan pool of 69,000 single-family mortgages valued at $21 billion.

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Appraisal Today

OCTOBER 14, 2022

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. NOTE: Please scroll down to read the other topics in this long blog post on Reviews and Revisions, AMC layoffs, real estate market, unusual homes, mortgage origination stats, etc. ==. 156-acre site.

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Appraisal Insurance Real Estate Business 52

Housing Wire

JULY 29, 2022

million note offering backed by a reference pool of single-family mortgages valued at $20.4 This latest CAS transaction, CAS 2022-R08, involves a reference pool of 67,644 single-family mortgage loans. trillion in single-family mortgage loans, measured at the time of the transaction. The offering is slated to close Aug.

Insurance 315

Insurance Investors Mortgage Design 315

Housing Wire

JULY 22, 2022

Fannie Mae has executed two new Credit Insurance Risk Transfer (CIRT) deals — the seventh and eighth of 2022 — dubbed CIRT 2022-7 and CIRT 2022-8. The two transactions convey a combined $1 billion in mortgage credit risk to private insurers and re-insurers as part of the agency’s ongoing effort to share risk with the private sector.

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Insurance Mortgage Design Marketing 349

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. The modules cover some mortgage-related topics, but there are also topics that pertain to other facets of working at a bank.

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Training Loan Officers Lending Mortgage 351

Housing Wire

FEBRUARY 3, 2022

billion note issued against a reference loan pool of 190,774 residential mortgages with an outstanding principal balance of $33.6 billion note against a reference pool of 143,889 single-family mortgages valued at about $45 billion. Freddie Mac’s CRT program was founded with its issuance of the first STACR notes in July 2013.

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Insurance Investors Government Mortgage 350

Housing Wire

MAY 17, 2021

Despite heightened investor uncertainty during the onset of the pandemic, GSE-backed mortgages have outperformed expectations, the report notes. As the credit risk coverage is depleted, the remaining mortgages in the pool tend to be the most risky. The unpaid principal balance of CRT transactions’ underlying mortgages was $1.7

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Investors Insurance Mortgage Finance 309

Housing Wire

APRIL 5, 2021

In its most recent annual report to Congress, November 2020, the Federal Housing Administration ( FHA ) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). The same report revealed FHA had amassed capital reserves in the amount of $78.9

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Insurance Mortgage Housing Market Government 233

Housing Wire

AUGUST 31, 2022

Freddie Mac notched record credit-risk transfer (CRT) issuances of some $15 billion during the first half of this year, protecting $358 billion in single-family mortgages. billion, protecting $151 billion in single-family mortgages. For the second quarter alone, Freddie Mac also posted record CRT issuance of $6.5

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Insurance Investors Mortgage Design 370

Housing Wire

JANUARY 11, 2022

Fannie Mae opened 2022 with its 45 th credit-risk transfer (CRT) deal through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC, bringing the collective value of notes issued through the conduit to nearly $52 billion since the first offering in 2013. trillion. . In October, the agency made a $1.2

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Investors Valuation Government Mortgage 353

Housing Wire

MARCH 21, 2022

Fannie Mae is off to steady start on its path toward issuing $15 billion in notes this year through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC. billion note offering backed by a reference loan pool of 150,395 primarily single-family mortgages valued at $44.4

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Investors Insurance Valuation Mortgage 360

Housing Wire

APRIL 8, 2022

billion secured by single-family mortgage reference loan pools valued in total at $121.5 billion note backed by a reference loan pool of 140,950 residential mortgages with an outstanding principal balance of $42.9 billion note against a reference pool of 143,889 single-family mortgages valued at about $45 billion. .

Valuation 346

Valuation Investors Mortgage Insurance 346

Appraisal Today

SEPTEMBER 30, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie and Competency, mortgage rates, extraordinary assumptions, vacant l and, unusual homes, mortgage origination stats, etc. Off and on the market since 2013. National Counsel for Liability Insurance Administrators. Excerpts: The 1.76-acre

Appraisal 52

Appraisal Inspection Easement Contracts 52

Housing Wire

MARCH 3, 2022

According to the DOJ, Juliana Martins, who was on federal supervised release for a previous scheme, left out a key detail of her employment history, which helped her and a co-borrower qualify for an FHA-insured mortgage in the amount of $265,109. The post Repeat fraudster pleads guilty to duping FHA appeared first on HousingWire.

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Insurance Government Tools Business 331

The People's Appraisal Blog

JANUARY 30, 2019

Services they provided for a Lender, Mortgage Company or Bank through an Appraisal Management Company or AMC as they are known. They were installed as the “Middle Man” between appraisers and lenders to help insure Appraiser independence and manage the appraisal ordering process.

Appraisal 36

Appraisal Agents Law Real Estate 36

Houston Properties

OCTOBER 1, 2021

Contact me for a list of recommended mortgage providers and what (who) to avoid. Contact Paige Martin at Paige@HoustonProperties.com for great mortgage banking recommendations. Fort Bend County Location: Forbes ranks Fort Bend County 5th in its 2013 America’s Fastest-Growing Counties list. annual insurance costs.

Real Estate Agent 41

Real Estate Agent Realtors Real Estate Agents 41

Housing Wire

MARCH 17, 2022

As HUD considers mortgage insurance premium (MIP) changes in the aftermath of FHA’s record-breaking FY 2021 performance with $100 billion of capital reserves and a capital ratio of 8%, it is time to address the “elephant in the room.” bolding added]. The life-of-loan policy has always been at the heart of the debate about FHA premiums.

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Insurance Finance Mortgage Sellers 400

Housing Wire

MARCH 27, 2023

Fannie Mae announced on Monday that it has executed two new Credit Insurance Risk Transfer (CIRT) deals: CIRT 2023-2 and CIRT 2023-3. The deals, which include over $31 billion in single-family mortgage loans, are designed to reduce risk to taxpayers by increasing the role of private capital in the mortgage market.

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Insurance Design Mortgage Marketing 285

Housing Wire

SEPTEMBER 21, 2021

The company said it expects to transfer mortgage credit risk via its Connecticut Avenue Securities and Credit Insurance Risk Transfer programs. The CRT structure, which Freddie Mac pioneered in 2013, shifts a portion of the risk of credit losses on the mortgages they back onto investors.

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Investors Insurance Finance Business 421

Housing Wire

APRIL 20, 2021

As lawmakers take up housing-related bills in Congress, Housing and Urban Development (HUD) Secretary Marcia Fudge laid out her priorities during an address at the Mortgage Bankers Association ’s spring virtual conference. Fudge also emphasized the strong position of the Mutual Mortgage Insurance Fund.

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