Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. The rule, originally proposed in March 2023 , takes into consideration stakeholder comments.

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Mortgage Finance Insurance Lending 406

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.

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Insurance Mortgage Development Valuation 322

Housing Wire

FEBRUARY 22, 2023

The Federal Housing Administration (FHA) on Wednesday morning announced a 30 basis point reduction in the annual premium charged to mortgage borrowers. The cut, widely anticipated by the industry, will result in mortgage insurance premiums (MIP) of 55 bps for most borrowers, down from 85.

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Mortgage Insurance Finance Development 450

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. In November 2023 , Rachel Kelley was appointed to the role of vice president of legislative affairs with a primary focus on Republican members of the House. House of Representatives.

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Housing Wire

MARCH 8, 2024

“The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector. in Q2 2023.

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Real Estate Insurance Lending Retail 437

Housing Wire

MAY 1, 2023

HousingWire is excited to announce the 2023 class of Rising Stars! This year, 80 honorees are being recognized for their achievements — 40 winners representing the real estate category and 40 representing mortgage. Congratulations to the 2023 Rising Stars!

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Real Estate Loan Officers Development Realtors 370

Housing Wire

MAY 23, 2024

A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and avoid the possibility of foreclosure. This is according to a look at the reverse mortgage product category published by Newsweek.

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Mortgage Law Insurance Tools 292

Housing Wire

APRIL 24, 2023

But, how you structure those agreements and the partnership you develop can make a big impact on how that service thrives. As an industry leader, maintaining relationships with mortgage and title professionals could take your business to the next level, and mortgage professional David Lykken wants to help you achieve those goals.

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Real Estate Brokerage Valuation Insurance 290

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

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Mortgage Tools Design Development 329

Housing Wire

MARCH 29, 2024

The Federal Home Loan Bank system is made up of 11 regional banks that pass on discounted loans to their membership of banks, credit unions, and insurance companies. Estimates based on 2023 AHP Contributions and 2023 Dividends. billion dollars(!) Note: In Millions of Dollars. billion, as dividends !

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Government Insurance Development Finance 388

Housing Wire

MAY 30, 2024

The past few months have seen incredible momentum developing in the HEI asset class,” Eddie Lim, co-founder and CEO of Point, said in a statement. The growth of rated securitizations in the HEI space has accelerated since Morningstar DBRS published its ratings methodology for HEIs in July 2023. were co-managers on the transaction.

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Investing Investors Contracts Insurance 327

Housing Wire

MAY 23, 2024

In the first quarter of 2024, 38% of a typical household’s income was needed to make a mortgage payment on a median-priced, new single-family home in the U.S. The NAHB/Wells Fargo CHI, a quarterly analysis of housing costs at both the national and metropolitan levels, measures the share of income needed to make a typical mortgage payment.

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Supply Chain Insurance Training Construction 355

Housing Wire

OCTOBER 18, 2023

The Federal Housing Administration (FHA) is working to offer a new partial claim option before the end of 2023, according to the federal housing commissioner at the U.S. Department of Housing and Urban Development (HUD), Julia Gordon. The commissioner also discussed the rise in mortgage loan assumptions. ”

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Mortgage Government Insurance Tools 356

Housing Wire

FEBRUARY 7, 2024

Following up on a March 2023 update that first announced value acceptance and property data as a substitute for traditional appraisals on certain single-unit properties, the new Selling Guide expands this data to cover condos. Additional servicing guidance will be published in a new update that is expected on Feb.

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Retail Project Management Insurance Landlords 370

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. In fact, following an initial jump in foreclosure activity in 2022 and early 2023, the foreclosure rate in most areas has declined. creating chaos in property insurance markets.

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Property Taxes Insurance Mortgage Home Value 339

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing. Congratulations to the 2023 Women of Influence winners.

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Real Estate Realty Lending Mortgage 370

Housing Wire

FEBRUARY 1, 2024

The cash-flow net present value (NPV) of the HECM book also increased year over year, from $3.646 billion in 2022 to $6.742 billion in 2023. Once more, the reviewers point out that FHA endorsed 32,932 HECM loans in fiscal year 2023, with a total maximum claim amount (MCA) of $15.892 billion. In 2023, it has increased to 23.6%.

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Mortgage Business Development Design 325

Housing Wire

MAY 22, 2024

Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its share of total HECM endorsements in 2023 rise to its highest level since 2019. That’s not saying all that much. The awareness we’re driving around H4P has just made people more curious.

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Mortgage Loan Officers Lending Business 329

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

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Tools Mortgage Finance Lending 345

Housing Wire

MARCH 11, 2024

President Joe Biden’s proposals for the housing and mortgage markets, announced during the 2024 State of the Union address on Thursday night, are “dead on arrival or troubling,” according to Isaac Boltansky, an analyst for financial services firm BTIG. percentage points and helping about 3.5 million families. Regarding the U.S.

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Insurance Mortgage Government Inventory 367

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

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Business Investors Finance Home Improvement 361

Housing Wire

MAY 17, 2024

Over the years, he traveled extensively to its field operations, maintained a culture of family and care, and developed initiatives that focused on employees and their families, the company said. Through its subsidiaries, the company offers mortgage financing, title services and insurance agency services. As a result, D.R.

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Inventory Development Real Estate Insurance 341

Housing Wire

JANUARY 10, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) on Tuesday released its priority open recommendations report, submitted to HUD Secretary Marcia Fudge designed to highlight as-yet unaddressed risks in the management of the department.

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Design Insurance Modernization Development 397

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.

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Buyers Housing Market Insurance Construction 328

Housing Wire

OCTOBER 16, 2023

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. Through Q2 2023, the state, territorial, and Tribal recipients of HAF have expended over $5.5

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Design Insurance Construction Development 450

Housing Wire

AUGUST 16, 2023

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert , about industry performance in the first half of 2023 and how lenders can work with borrowers to improve their credit. As reported in our most recent Mortgage Credit Potential Index (MCPI), YoY we are seeing a 27% drop in inquiries overall.

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Inventory Lending Mortgage Insurance 308

Housing Wire

MARCH 6, 2024

Despite feelings of optimism expressed by loan originators in the opening weeks of 2024, the road to more normalized levels of reverse mortgage volume and securities issuances may be longer than expected. Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% and Longbridge Financial recorded increases for the month.

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Mortgage Marketing Insurance Sellers 336

Housing Wire

APRIL 24, 2024

HousingWire is excited to announce this year’s Rising Stars, representing the next generation of leaders in mortgage and real estate. This year 80 honorees were selected.

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Real Estate Realty Realtors Project Management 422

Lamacchia Realty

FEBRUARY 22, 2023

The Department of Housing and Urban Development announced the reduction of the FHA Mortgage Insurance Premium (MIP) today. The down payment hasn’t changed but the cost of the monthly mortgage insurance has decreased putting more money back in the homeowners’ pockets, making homeownership more affordable.

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Insurance Development Buyers Realty 60

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. Deran Pennington, who spent the last 15 years at Movement and until June 2023 held a national sales director position, is joining Summit as a divisional leader in Charlotte.

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Retail Development Finance Lending 367

Housing Wire

DECEMBER 14, 2022

Mortgage Industry Standards Maintenance Organization (MISMO), the organization tasked with developing standards for the mortgage finance industry, appointed vice president of operations Jan Davis as its acting president. Mortgage Insurers (USMI) as its president in 2023.

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Development Insurance Finance Mortgage 316

Housing Wire

JANUARY 1, 2024

Affordability remains a critical issue in virtually all conversations about housing, and few people understand that reality better than leading housing and mortgage industry advocacy groups. They may be softer, but you’re doubling the expenditures on a mortgage with similar prices.

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Insurance Government Mortgage Inventory 411

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.

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Insurance Technology Finance Mortgage 390

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.

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Insurance Finance Inventory Mortgage 335

Housing Wire

JUNE 30, 2023

The Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2023-14 this week, which increases the threshold from $75 million to $120 million for multifamily loans to be considered large loans. This marks the first major increase to the threshold since 2014.

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Insurance Development Design Finance 362

Housing Wire

APRIL 22, 2024

Even homeowners who have paid off their mortgage may be finding that their available equity is not enough to downsize, according to a story published Saturday by The New York Times. The article also notes that reverse mortgages are a potentially valuable tool for seniors in the current housing environment.

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Tenants Mortgage Insurance Tools 382

Housing Wire

MARCH 9, 2023

The rule allows mortgagees to increase the maximum term of an FHA-insured mortgage loan modification from 360 to 480 months following a default. The FHA also published Mortgagee Letter 2023-06 , which establishes the policies for FHA lenders. The rule is slated to go into effect on May 8.

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Insurance Mortgage Realtors Inventory 365