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Opinion: Rethinking the FHA mortgage insurance premium

Housing Wire

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan.

Insurance 337
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Opinion: The risk in cutting FHA insurance premiums

Housing Wire

There has been a flurry of recent articles prognosticating a decrease to Federal Housing Administration (FHA) insurance premiums. Several trade groups including the Mortgage Bankers Association have corresponded with the HUD Secretary in support of cuts. At least 137,000 of those borrowers have FHA-insured loans.

Insurance 325
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Nicole Beattie will be the next CEO of Amrock

Housing Wire

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.

Valuation 334
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Fannie plans $15B in CRT deals in 2022

Housing Wire

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

Investors 336
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Fannie Mae rolling out its third CRT offering of 2022

Housing Wire

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

Investors 351
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Freddie Mac rolls out $1.8 billion CRT note offering

Housing Wire

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 As a result, KBRA applied a broad valuation haircut to such loans.”. Morgan Chase Bank , 5%; and Pennymac , 4.8%.

Valuation 330
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Rumors, rumors everywhere, but no Wells Fargo MSR deal — so far

Housing Wire

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

Buyers 317