Housing Wire
NOVEMBER 13, 2023
Big Four title firm Old Republic is selling its mortgage insurance business to Arch Capital Group Ltd., and its wholly-owned subsidiaries that together comprise Old Republic’s run-off mortgage insurance business. “We are pleased to announce this definitive exit from the mortgage insurance business. million in Q3 2022.
Housing Wire
APRIL 10, 2024
Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided.
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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. Congress mandates that FHLBanks devote 10% of their net income every year to affordable housing programs, which support affordable housing development and downpayment assistance.
Housing Wire
JUNE 24, 2022
million to resolve allegations that it fraudulently originated government-backed mortgage loans insured by the Federal Housing Administration (FHA). Department of Housing and Urban Development (HUD), and the U.S. Brea, California-based direct lender American Financial Network will pay about $1.04 Attorney’s office.
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.” Let’s also not forget who FHA borrowers are.
Housing Wire
DECEMBER 15, 2020
Verisk, headquartered in Jersey City, New Jersey, will add Jornaya’s proprietary technology – which tracks consumer behavior – into its suite of products geared toward insurance and financial services markets. million since its founding in 2011, according to Crunchbase. Venture-backed Jornaya has raised a total of $19.7
Housing Wire
JANUARY 12, 2022
Martell joined CoreLogic in 2011 as the company’s chief financial officer. Dodd takes over a business that defines itself as “providing information intelligence to identify and manage growth opportunities, improve business performance, and manage risk” in “real estate, mortgage finance, insurance, the capital markets, or public sector.”.
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