Housing Wire
MARCH 11, 2024
Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said. Founded in 2013, Floify — a subsidiary of Porch Group Inc. —
Housing Wire
MAY 26, 2021
After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.
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Housing Wire
DECEMBER 24, 2020
Porch, a home services marketplace with partners in insurance, utilities, home inspection and moving, plans to use the cash to pursue acquisitions to seize the opportunity in real estate. ” Porch, founded in 2013, has had challenges on its journey to becoming a public company. .
Housing Wire
APRIL 22, 2024
With Wise Pelican, you can try both — it’s a fantastic resource for beautifully designed postcards and letters. If you want to think outside the box, consider partnering with an ambitious insurance agent who offers both rent and homeowners insurance. Please share it in the comments!
Housing Wire
SEPTEMBER 22, 2022
Fannie Mae has finalized its ninth Credit Insurance Risk Transfer (CIRT) transaction of the year, transferring some $700 million of mortgage credit risk to private insurers and reinsurers, the agency announced. The insurance coverage is provided based on actual losses over a 12.5-year The coverage, which became effective Aug.
Housing Wire
JULY 29, 2022
With the completion of this eighth CAS transaction of 2022, Fannie Mae will have brought a total of 52 CAS deals to market since the program was started in 2013 , issued some $58 billion in notes, and transferred a portion of the credit risk to private investors on over $1.9
Housing Wire
JULY 22, 2022
Fannie Mae has executed two new Credit Insurance Risk Transfer (CIRT) deals — the seventh and eighth of 2022 — dubbed CIRT 2022-7 and CIRT 2022-8. The two transactions convey a combined $1 billion in mortgage credit risk to private insurers and re-insurers as part of the agency’s ongoing effort to share risk with the private sector.
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