Housing Wire
MAY 16, 2024
Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. Overview of findings The report was released to the public in November 2023.
Housing Wire
JANUARY 17, 2024
But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).
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Housing Wire
NOVEMBER 2, 2020
We’re seeing statistics from our developers across the country that their portfolios are holding up well,” he said. There’s a growing sense that affordable housing is a stable investment class for banks and insurance companies; even in the 2008 – 2009 recession, it held up well.”.
Housing Wire
DECEMBER 21, 2020
She ensured the association continued to provide networking and educational opportunities to the title insurance industry within the new platform. Steve Gottheim, who has been with ALTA since 2009, was promoted to general counsel. WFG reports its highest volume months ever during Q2 and Q3 of 2020.
Housing Wire
MARCH 6, 2024
It was also the second-lowest monthly issuance ever recorded outside of the earliest days of Ginnie Mae’s HMBS program in 2009, according to New View. One potentially positive development is that New View had originally predicted that HMBS production would be lower than it actually is, due to larger factors that influence pool production.
Housing Wire
APRIL 7, 2022
Before you do anything, you should ask your underwriter whether they will insure RON closings at all. If they do insure them, they will vet and approve your RON vendor. This person should immerse themselves in the constant developments of RON in the industry. What to ask your underwriter. What to ask your lender partners.
Housing Wire
FEBRUARY 1, 2024
Total endorsements between fiscal years 2009 and 2023 were 863,102, a rough estimate of the total number of customers served by the HECM program since the early aftermath of the Great Recession. Loan amounts and HECM limits The actuarial report also detailed loan amount information and how these have changed since fiscal year 2009.
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