Housing Wire

MAY 15, 2024

Former Ginnie Mae President Ted Tozer previously floated a plan in which there would be “debt guarantee for a Ginnie Mae issuer, collateralized by assets insured or guaranteed by a federal mortgage program agency.” This recommendation is based on two other ideas.

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Modernization Government Contracts Insurance 415

Housing Wire

MAY 30, 2024

This has broadened the investor base to include insurance companies and money managers seeking new investment-grade securities. In November 2023, Redwood Trust partnered with Point to close on a $139 million bond secured by 1,577 home equity investment contracts. were co-managers on the transaction.

Investing 415

Investing Investors Contracts Insurance 415

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

OCTOBER 23, 2023

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

Real Estate 414

Real Estate Brokerage Valuation Contracts 414

Movoto

APRIL 8, 2024

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Real estate purchase contracts come into play to protect both parties and move the sale forward, helping prevent either party from wasting the other’s time and money.

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Contracts Real Estate Property Taxes Inspection 36

Eyes on Housing

MARCH 7, 2024

The volume of 1-4 unit residential construction loans made by FDIC-insured institutions. The volume of total outstanding acquisition, development and construction (AD&C) loans posted a decline during the fourth quarter of 2023 as interest rates increased and financial conditions tightened.

Contracts 60

Contracts Loan Conditions Construction Insurance 60

Housing Wire

DECEMBER 26, 2023

19 , FNF said it suffered a “ cybersecurity incident ” that led the system to shut down some of its networks, causing disruptions to its title insurance, escrow and other title-related services, as well as mortgage transactions. The infamous ransomware gang AlphV/BlackCat claimed to be behind the attack.

Law 491

Law Contracts Insurance Clients 491

Empire Appraisal Group

JUNE 24, 2021

Insurer Growing as 3 Private Insurers Cancel Policies. Insurer Growing as 3 Private Insurers Cancel Policies | Florida Realtors. As another hurricane season bears down on the state, more than 50,000 Florida home insurance customers will soon receive notices that their policies have been canceled or won’t be renewed.

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Insurance Legal Agents Contracts 78

Housing Wire

MARCH 19, 2024

In August 2022, Polly announced that it extended its API portfolio to better accommodate lenders amid a contracting mortgage environment. Polly’s API integration with CoreLogic is part of the fintech’s long-term strategy to provide innovation for lenders.

Technology 417

Technology Contracts Insurance Government 417

Housing Wire

AUGUST 8, 2023

Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. Both lenders entered into a contract with Lender Toolkit in 2021. Lender Toolkit says Celebrity owes at least $97,288 and MLD Mortgage $138,069. That’s according to separate filings made in the U.S.

Mortgage 347

Mortgage Contracts Legal Business 347

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. It will disrupt some home sales in the short run due to the lack of flood insurance or delays in government-backed mortgage issuance,” he said. below the August 2022 level.

Housing Market 479

Housing Market Contracts Government Buyers 479

Appraisal Buzz

JUNE 7, 2024

As Director, Chopra is also a member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and the Financial Stability Oversight Council (FSOC). Department of Labor’s Unemployment Insurance Weekly Claims Report (Thursday) The post The Week Ahead: Senate Turns Spotlight on CFPB first appeared on The MortgagePoint.

Contracts 195

Contracts Insurance Legal Business 195

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

Housing Market 421

Housing Market Marketing Contracts Finance 421

Housing Wire

FEBRUARY 27, 2024

According to the company, the cyberattack will add approximately $12 million to $17 million in expenses to its first-quarter earnings, the net of expected insurance coverage. loanDepot is accused of negligence, breach of contract and unjust enrichment, among other allegations. The number of individuals affected exceeds the 16.6

Contracts 441

Contracts Insurance Mortgage Marketing 441

Housing Wire

FEBRUARY 23, 2024

Alleged promises by Ginnie Mae That contention, however, does “nothing to undermine TCB’s claim that Ginnie Mae lacked statutory authority to extinguish TCB’s interest in its collateral, which was not only separate from the servicing rights but also subject to no contract between TCB and Ginnie Mae,” the filing reads.

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Government Contracts Finance Lending 403

Housing Wire

FEBRUARY 9, 2023

Northpointe, a private depository institution insured by the Federal Deposit Insurance Corporation (FDIC), was established in 1999 with a focus on residential mortgage loan origination and servicing.

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Lending Business Retail Client Relationships 384

Housing Wire

JUNE 20, 2023

These complex contracts make selling, refinancing or transferring real estate difficult for homeowners. After signing one of these listing agreements, homeowners are stuck in a contract that can be binding for up to 40 years. These companies know how to make their agreements sound good.

Business 384

Business Brokerage Contracts Real Estate 384

Housing Wire

APRIL 22, 2024

Djon Luxury Real Estate is expanding its sell-side business, training buyer-side real estate agents on the necessary contracts and selling their value to the consumer. Now, they’re incentivized because they share the profits in the title insurance,“ Samson explained. People will still need to buy a home after July.

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Brokerage Real Estate Realtors Real Estate Agent 414

Housing Wire

FEBRUARY 20, 2024

“And it blew up so much that states like Massachusetts … are seeking to pass right-to-inspect laws, which is going to make it hard to get that inspection contingency out of the contract,” he said. And I’ll tell the insurance carrier, ‘You’ve got to pay this one.’” Binney said.

Inspection 410

Inspection Real Estate Agent Real Estate Insurance 410

Housing Wire

MAY 3, 2024

Earlier this week, Zillow launched a new “touring agreement,” a nonexclusive contract for buyers and agents to use for home tours. There are reports saying that some E&O policies will not provide coverage in any instances where there is no compensation paid,” the notice stated. According to Laura M.

Legal 360

Legal Realtors Law Real Estate 360

Housing Wire

NOVEMBER 29, 2021

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 395

Insurance Real Estate Agent Brokerage Agents 395

Housing Wire

DECEMBER 8, 2023

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

Real Estate 404

Real Estate Contracts Law Real Estate Agent 404

Housing Wire

FEBRUARY 24, 2022

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. Momentum in residential purchase and commercial revenue more than offset the ongoing contraction in refinance volumes, which have a significantly lower fee per file,” Nolan said. appeared first on HousingWire.

Insurance 384

Insurance Investors Technology Development 384

Housing Wire

AUGUST 26, 2022

Polly, a software-as-service mortgage technology firm that operates a loan-trading platform, extended its Application Programming Interface (API) portfolio to better accommodate lenders amid a contracting mortgage environment. The company raised about $57 million of venture capital in three rounds since its launch three years ago.

Insurance 370

Insurance Technology Contracts Mortgage 370

Housing Wire

MAY 24, 2024

For this kind of agreement to work, it’s advisable to work with an attorney so terms and conditions are clear within a written contract that includes repayment schedules and title agreements. Consider home loan programs There are a number of home loan programs you may qualify for, even if you carry student loan debt.

Mortgage 439

Mortgage Insurance Contracts Design 439

Housing Wire

MARCH 2, 2023

The role of EVP and COO will be responsible for managing Ginnie Mae’s daily operations, including all mortgage-backed security operations, counterparty risk management, contracting, budget and legislative initiatives, and overall risk management of the organization through eight program offices, including the office of the president.

Government 381

Government Finance Contracts Insurance 381

Housing Wire

OCTOBER 12, 2023

Indices that increased in September were rent, owners’ equivalent rent, lodging away from home, motor vehicle insurance, recreation, personal care and new vehicles. If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. However, it’s still well above the Fed’s 2% target.

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Government Housing Market Contracts Insurance 404

Housing Wire

JANUARY 25, 2023

The program includes provisions for “improved” pricing for nontraditional credit loans, a title insurance credit applicable to certain properties and will remove the requirement for area median incomes, according to a statement from Guaranteed Rate. Its total loan volume amounted to $116 billion in 2021.

Buyers 384

Buyers Contracts Insurance Mortgage 384

Housing Wire

MAY 13, 2024

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset.

Legal 418

Legal Mortgage Contracts Insurance 418

Housing Wire

FEBRUARY 27, 2023

Consider, for example, just one aspect of purchasing a new home in 2023: obtaining mortgage insurance. Most borrowers don’t even know what mortgage insurance is, let alone how much it adds to their cost. Jeff Shores is the author of, “From Contract to Close,” and founder of Shores Consulting.

Insurance 395

Insurance Contracts Buyers Mortgage 395

Housing Wire

NOVEMBER 18, 2022

savings and loan associations, savings banks, and cooperative banks) and insurance companies. It was not until 1989 that Congress expanded membership to all federally insured depository institutions. Thus, if there is a conflict between the super lien and state insurance law, it is unclear which statutory system would prevail.

Legal 364

Legal Law Insurance Finance 364

Housing Wire

MARCH 22, 2024

Local real estate professionals attribute the slower market to a variety of factors including higher home prices, which have remained steady despite the slowdown, higher interest rates , and rising costs for homeowners and flood insurance. homeowners insurance policy was roughly $1,700 in 2023. In comparison, the average U.S.

Insurance 420

Insurance Inventory Marketing Real Estate 420

Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. “It is important to get that notice out up front, and this contract is now going to make that a little bit more clear.

Contracts 36

Contracts Real Estate Sellers Buyers 36

Housing Wire

FEBRUARY 11, 2022

It reported the 30-year rate for FHA-insured mortgages was even higher, at 4.122%. The current higher rates — an increase of nearly 50 basis points over the past month — will lead to “an enormous contraction of refinance activity,” Kiefer said. Few industries are as impacted by market fluctuations as housing.

Mortgage 384

Mortgage Contracts Loan Officers Insurance 384

Eppraisal

MARCH 3, 2023

Do you as a homeowners know the difference between a homeowner's insurance policy and a home warranty? Homeowner's Insurance Policy A homeowner's insurance policy is critical in regard to homeownership. Homeowner's Insurance Policy A homeowner's insurance policy is critical in regard to homeownership.

Insurance 36

Insurance Home Value Legal Investing 36

Appraisal Today

JUNE 7, 2024

NOTE: Please scroll down to read the other topics in this long blog post on state appraisal boards, liability, appraiser insurance, price per sq.ft. Click here = Do I really have to report that state board issue to my E&O insurance? baths, 8,74t sq.ft., acres, built in 1902 Private island: When it sold in 2018 for $21.5

Appraisal 73

Appraisal Insurance Contracts Business 73

Housing Wire

APRIL 16, 2024

States have laws about what constitutes an agreement, a digital signature, or a contract. Just because you have E & O insurance doesn’t mean you should have to use it! You don’t want to sway a negotiation wrong, over-share, or breach your agency relationship. No negotiation should be done via text.

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Real Estate Agent Real Estate Agents Business 427