Housing Wire

JUNE 21, 2022

billion in title insurance premium volume during the first quarter of 2022, compared to $5.68 The title insurance industry had a record year in 2021 , generating $26.2 billion in premiums, which ALTA attributed to historic mortgage origination activity and the substantial increase in home values. “A million a year prior.

Insurance 280

Insurance Home Value Contracts Marketing 280

Housing Wire

MARCH 11, 2024

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. is a software development company that offers a digital loan origination system and POS for the mortgage industry. Founded in 2013, Floify — a subsidiary of Porch Group Inc. —

Mortgage 361

Mortgage Loan Officers Real Estate Agent Design 361

Housing Wire

NOVEMBER 4, 2022

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

Insurance Mortgage Development Valuation 325

Housing Wire

MARCH 18, 2024

The Mortgage Bankers Association (MBA) appointed Madisyn Rhone as vice president of legislative affairs, the trade organization announced on Monday. Rhone is a 2021 HousingWire Rising Star. In that role, she led the company’s Democratic government relations efforts and helped to develop federal policy positions.

Insurance 328

Insurance Government Finance Development 328

Housing Wire

AUGUST 2, 2021

The 2021 Women of Influence winners represent 100 of the most influential women in leadership in the housing economy. More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Freedom Mortgage. Mortgage Connect.

Insurance 393

Insurance Lending Realty Finance 393

Housing Wire

MARCH 12, 2024

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. Of that total, $220 billion is estimated for standard forward mortgages and $17.9 federal government. billion is for HECM.”

Mortgage 325

Mortgage Insurance Training Government 325

Housing Wire

MARCH 11, 2024

Members of the reverse mortgage industry were surprised to learn that U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge announced on Monday that she would be resigning from her post effective March 22. Irwin also credited reverse mortgage developments at Ginnie Mae during Fudge’s leadership tenure.

Mortgage 353

Mortgage Development Finance Insurance 353

Housing Wire

FEBRUARY 3, 2021

In a bid to aid borrowers, the Department of Housing and Urban Development announced on Wednesday a series of temporary waivers that will allow servicers to use alternative methods when servicing FHA -insured forward and reverse mortgages. The post HUD extends waivers for FHA reverse mortgages appeared first on HousingWire.

Mortgage 437

Mortgage Insurance Lending Retail 437

Housing Wire

NOVEMBER 15, 2021

The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances and FHA’s Annual Report to Congress, both released Monday morning.

Mortgage 312

Mortgage Insurance Finance Development 312

Housing Wire

MARCH 17, 2023

a mortgage artificial intelligence firm focused on automated mortgage underwriting decisions, has conducted layoffs as lenders rush to cut costs. Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor , said in an e-mailed response.

Mortgage 311

Mortgage Clients Technology Development 311

Housing Wire

JUNE 1, 2021

These 50 young disruptors come from all sectors of housing – mortgage, real estate, fintech, servicing and more – and pushed beyond the challenges the year brought. And thanks to their dedication, hard work and drive, the housing sector is more prepared than ever before to successfully navigate 2021 and beyond. Sierra Pacific Mortgage.

Retail 385

Retail Lending Loan Officers Finance 385

Housing Wire

JANUARY 5, 2022

Some Federal Housing Administration -approved mortgage servicers have routinely flouted the agency’s loan modification program, according to Washington, D.C. 21 letter that a number of mortgage servicers employed by FHA-approved lenders failed to adequately implement loan modification options the FHA introduced in July.

Mortgage 464

Mortgage Insurance Design Government 464

Housing Wire

MAY 23, 2022

Full-service lender Cherry Creek Mortgage announced Rick Hogle has joined the company as its chief revenue officer. In his new role, Hogle will manage the firm’s retail operations, overseeing growth and development of retail sales and the production network, while supporting the firm’s business channels.

Mortgage 352

Mortgage Retail Insurance Development 352

Housing Wire

SEPTEMBER 1, 2021

United Wholesale Mortgage. First Guaranty Mortgage Corporation. First American Mortgage Solutions. DHI Mortgage Company. American Mortgage Network. First Community Mortgage. Freedom Mortgage. Academy Mortgage Corporation. Paramount Residential Mortgage Group Inc. First Option Mortgage.

Technology 295

Technology Human Resources Finance Retail 295

Housing Wire

MAY 15, 2024

With mortgage rates hovering north of 7% for the past few months, builder confidence declined for the first time since November 2023. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) sat at 45 in May, down 6 points from April ’s reading of 51, according to data released on Wednesday.

Buyers 331

Buyers Housing Market Insurance Construction 331

Housing Wire

APRIL 12, 2024

For one, the mortgage servicing industry adopted some COVID-era, rescue-type packages where a house does not go into immediate foreclosure. Aside from taxes, property insurance costs have also risen, and coverage may even be difficult to find in some areas. creating chaos in property insurance markets.

Property Taxes 343

Property Taxes Insurance Mortgage Home Value 343

Housing Wire

AUGUST 17, 2022

The Community Home Lenders Association and the Community Mortgage Lenders of America , two Washington, D.C. lobby groups representing smaller mortgage lenders, will join forces. Several former congressional aides and a former top Department of Housing and Urban Development staffer will represent the new CHLA in the nation’s capital.

Mortgage 339

Mortgage Lending Insurance Government 339

Housing Wire

SEPTEMBER 25, 2023

mortgage sales and origination team, according to the news outlet, citing two former employees who were affected by the latest downsizing. About 75 employees are left on the mortgage origination team in the U.S. For things like homeowner’s insurance, title insurance, and Realtors, we’ve now just become a marketplace.

Insurance 393

Insurance Technology Finance Mortgage 393

Housing Wire

DECEMBER 29, 2021

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. ow and ease of the entire closing process. Others are sure to follow.

Insurance 302

Insurance Real Estate Technology Business 302

Housing Wire

NOVEMBER 15, 2021

The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. Marcia Fudge said there were no near-term plans to change FHA’s mortgage insurance premium pricing.).

Mortgage 381

Mortgage Insurance Renovations Tools 381

Housing Wire

OCTOBER 4, 2022

The Federal Housing Administration (FHA) on Tuesday issued a request for feedback from the public on how it can increase access to small balance mortgages through its single-family mortgage insurance programs. Due to high fixed origination costs, many mortgage lenders shy away from offering mortgages under $150,000.

Mortgage 331

Mortgage Government Lending Finance 331

Housing Wire

APRIL 23, 2024

The HousingWire Marketing Leaders award recognizes outstanding professionals who have demonstrated excellence in marketing within mortgage and real estate. brands, including brokerage, mortgage, title, insurance and technology. Nominations for HousingWire’s 2024 Marketing Leaders award are open now through April 30th, 2024.

Marketing 312

Marketing Project Management Advertising Real Estate 312

Housing Wire

DECEMBER 29, 2020

On March 27, Congress passed the CARES Act to offer economic relief to those affected by the shut-downs, expanding unemployment benefits and offering mortgage forbearance to homeowners with mortgages backed or insured by the federal government, including Freddie Mac , Fannie Mae , VA and FHA. Approximately 4.3 Approximately 4.3

Mortgage 457

Mortgage Insurance Development Realtors 457

Housing Wire

SEPTEMBER 11, 2023

Lesley Alli and Andrew Greenberg both joined NMI Holdings to serve as senior vice presidents, announced the parent company of National Mortgage Insurance Corporation Monday in a statement. Alli also received numerous accolades in her field: she was recognized as one of Housing Wire ‘s 50 “Women of Influence” in 2021.

Investors 324

Investors Insurance Finance Government 324

Housing Wire

OCTOBER 16, 2023

homeownership, alongside data detailing housing aid that has been provided since 2021. New initiatives include allowing homebuyers to leverage income from accessory dwelling units (ADUs), expanding mortgage lending for U.S. HUD will also continue to work on updates for its 203(k) Rehabilitation Mortgage Insurance Program.

Design 450

Design Insurance Construction Development 450

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020.

Mortgage 409

Mortgage Loan Officers Lending Human Resources 409

Housing Wire

DECEMBER 14, 2022

Mortgage Insurers (USMI), the association that represents the nation’s leading private mortgage insurance companies, announced on Wednesday that it has named Seth Appleton, current president of the Mortgage Industry Standards Maintenance Organization (MISMO), as USMI’s new president.

Insurance 339

Insurance Finance Inventory Mortgage 339

Housing Wire

JUNE 8, 2021

The HW Insiders program is for the operational all-stars within the housing economy who do the leg work and make the mortgage industry tick, but rarely get the credit. Maxson helped develop a new workflow process that enabled NotaryCam to manage a 300% increase in demand for remote online notarization. . Nominate someone today!

Real Estate 217

Real Estate Development Insurance Government 217

Housing Wire

SEPTEMBER 24, 2021

Another bill joined the fray, and its sponsors propose creating a new 20-year-fixed-rate mortgage program through Ginnie Mae. The legislation, dubbed the “Low-income First Time Homebuyer (LIFT) Act,” would create a program through the Department of Housing and Urban Development that would sponsor low fixed-rate 20-year mortgages.

Mortgage 493

Mortgage Development Design Insurance 493

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).

Mortgage 374

Mortgage Marketing Finance Insurance 374

Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July. division, to Summit.

Retail 367

Retail Development Finance Lending 367

Housing Wire

MARCH 18, 2022

When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. You are the reverse mortgage department,” he said. The partner smiled. “

Real Estate 443

Real Estate Real Estate Agent Mortgage Agents 443

Housing Wire

SEPTEMBER 25, 2023

Data provider Curinos partnered with Polly , a software-as-service mortgage technology firm, aimed to support lenders’ effective margin decisions. Founded in 2021, Curinos provides data, technologies and insights for financial institutions.

Technology 286

Technology Insurance Mortgage Lending 286

Housing Wire

AUGUST 3, 2021

Fannie Mae continues to reap the rewards of low mortgage rates as it posted a net income of $7.2 billion for the second quarter of 2021, up from $5 billion in the first quarter. As a result, the portion of its guaranty book covered by CRT has plummeted to 21% in the second quarter of 2021. billion, of Fannie Mae’s $373.3

Mortgage 404

Mortgage Insurance Government Investors 404

Housing Wire

APRIL 9, 2024

With the Federal Reserve gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10-basis point tax on Fannie Mae and Freddie Mac loans for another decade — not based on loan risk, but to pay for non-housing spending.

Sellers 425

Sellers Realty Insurance Realtors 425

Housing Wire

JUNE 28, 2023

This week, Fannie Mae published a new frequently asked questions (FAQ) document related to RefiNow, the refinancing product announced by the Federal Housing Finance Agency (FHFA) in 2021 that targets low-income borrowers with single-family mortgages backed by the government-sponsored enterprises (GSEs).

Finance 326

Finance Insurance Government Mortgage 326

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]. Between 2010-2014, FHA raised annual premiums by 145%.

Insurance 389

Insurance Finance Mortgage Sellers 389