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Opinion: Fannie Mae’s title insurance pilot program overreaches

Housing Wire

Unfortunately, one of the proposals the President mentioned in the SOTU was to revive a previously discredited and shelved pilot program that would waive the requirement for lender’s title insurance on certain refinances by Fannie Mae. million in claims paid in 2021. In 2022, the industry paid more than $596.1 million in claims.

Insurance 399
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HUD affordability plan doesn’t include lowering FHA premiums

Housing Wire

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. billion manufactured home purchase mortgages in 2021, according to HMDA data. In 2021, FHA financed 0.5%

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FHA borrower fee gridlock draws ire of industry

Housing Wire

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. Income from FHA premiums go into the general Treasury fund when Congress passes a Transportation and HUD appropriations bill. The money can then be used for other programs.

Insurance 420
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House votes to increase HUD budget by $12.6B

Housing Wire

House of Representatives voted this week to give the Department of Housing and Urban Development an 18% increase in funding for information technology. The Transportation, Housing and Urban Development appropriations bill , which was lumped in with five other bills, would set aside $73 billion in gross appropriations for the department.

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What Biden’s infrastructure plan does for housing

Housing Wire

Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI). Officials said extending and expanding the efficiency tax credits would be done through the Weatherization Assistance Program, the nation’s largest residential whole-house energy efficiency program.

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Housing industry welcomes Fudge as next HUD secretary

Housing Wire

Department of Housing and Urban Development. Marcia Fudge as Secretary of the Department of Housing and Urban Development, President-elect Joe Biden has selected a seasoned legislator who is ready to address the challenges that lie ahead,” Waters said. This week, President-elect Joe Biden chose Rep. Maxine Waters, D-Calif.,

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How to Conduct the Most Effective Columbus, Ohio Property Search

The Robert Weiler Company

Tip 4: Tap into Transportation. If you think you’ve found a great area that passes all of the aforementioned criteria, now it’s time to look into transportation. As a general rule of thumb, the more transportation options available, the more potential there is for future growth in the area. Don’t learn the hard way.