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Smaller IMBs are better placed to weather challenges than larger ones, CHLA claims

Housing Wire

The Mortgage Bankers Association (MBA) forecasts that if the mortgage industry experiences a 65% drop in origination volume between the fourth quarter of 2020 and the first quarter of 2023, production employment will likely need to be scaled back by 24 to 31%. Department of Housing and Urban Development (HUD).

Mortgage 357
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MISMO searches for participants for closing initiative

Housing Wire

The CLP forms a contract between a title insurance underwriter and a lender, in which the underwriter agrees to indemnify the lender for actual losses caused by certain types of misconduct by the closing agent, while the Title Commitment is a promise from your title company to issue the title insurance policy after the closing is completed.

Insurance 303
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What Do Appraisers Look For in a Sales Contract?

Appraisal Today

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

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Fed hikes rate by 75 bps, back to 2018 level

Housing Wire

Designed to control persistent inflation, the decision could increase the cost of mortgage borrowing and further slow home sales, as the housing sector is particularly interest-rate sensitive. . Census Bureau and the Department of Housing and Urban Development reported on Tuesday. Sales of new single-family houses in June fell 8.1%

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Loan-repurchase risk threatens future M&A deals

Housing Wire

This new development is being propelled by an alleged Fannie Mae “request” that, according to industry sources, was made recently of several lenders active as buyers in M&A deals.

Buyers 338
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“It’s ridiculous”: Real estate industry opposes newly proposed cash-deal reporting rules

Housing Wire

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers. financial system.

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Underwriter shortage slowing the pace of private-label deals

Housing Wire

mortgage securitizations reached 5% in 2019, then declined to 2.44% in 2020, largely because of the pandemic-spawned economic slowdown. So, the delays vary, with an average now of four-to-six weeks for smaller RMBS issuers that don’t have an ongoing contract relationship with a TPR firm. Securities and Exchange Commission.