Housing Wire

AUGUST 10, 2023

Some may also charge other fees for such things as Errors & Omissions insurance, desk rental, technology, etc. Flat-fee firms climbing up the brokerage rankings Interestingly, in 2013 only five of the top 100 firms in the nation, according to the RealTrends 500 rankings , were flat-fee firms.

Brokerage 353

Brokerage Real Estate Realty Advertising 353

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. Northpointe became an approved seller and servicer for Freddie Mac in 2013, Fannie Mae in 2014 and Ginnie Mae in 2016.

Lending 374

Lending Business Retail Client Relationships 374

Housing Wire

AUGUST 25, 2021

Mortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development ’s proposed reinstatement of its 2013 disparate impact rule. Numerous industry stakeholders asked HUD to make some changes to the regulation to raise and further explain the threshold for disparate impact claims.

Legal 379

Legal Insurance Development Mortgage 379

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.

Insurance 308

Insurance Investors Design Finance 308

Housing Wire

MARCH 30, 2021

The Housing Policy Council sent a letter to the Consumer Financial Protection Bureau on Tuesday expressing its opposition to delaying the implementation of the Final QM Rule and expiration of the 2013 QM Rule, set to take effect on July 1, 2021. 1, 2022 and opened up a comment period.

Mortgage 418

Mortgage Insurance Lending Marketing 418

Housing Wire

APRIL 8, 2022

The bureau alleged that Ocwen botched “basic functions like sending accurate monthly statements, properly crediting payments and handling taxes and insurance.”. In 2013, the CFPB accused Ocwen of “engaging in significant and systematic misconduct that occured at every stage of the mortgage servicing process.”

Law 380

Law Insurance Mortgage Marketing 380

Housing Wire

JUNE 7, 2022

billion via five STACR and three Agency Credit Insurance Structure (ACIS) CRT deals. billion via 10 STACR securities offerings and 8 ACIS insurance-coverage CRT deals, da ta from Freddie shows. Freddie Mac, year to date through early June 2022, ha s transferred a total of $10.9 billion in risk from reference pools valued at $300.9

Investors 356

Investors Insurance Mortgage Marketing 356

Housing Wire

NOVEMBER 11, 2021

Amrock , a title insurance, property valuations and settlement services provider that is part of the Rocket Companies family, announced Wednesday that longtime CEO, Brian Hughes will be retiring later this month and Nicole Beattie, the current vice president of mortgage servicing at sister company Rocket Mortgage , will take over.

Valuation 371

Valuation Technology Appraisal Clients 371

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. .

Inspection 342

Inspection Insurance Finance Valuation 342

Housing Wire

APRIL 22, 2024

Buddy up with a mortgage lender, insurance rep, or real estate attorney and work the room together. A handful of solid connections that could lead to impactful relationships over time is much more valuable than handing your card out to 100 people who will probably just throw it away. Use the buddy system.

Real Estate 370

Real Estate Real Estate Agent Agents Training 370

Housing Wire

AUGUST 18, 2023

602 spot and the title of top-ranked team was North Syracuse, New York-based, The Tarry Team , which was founded in 2013 by Thomas Tarry. From showing homes to inspectors to attorneys to insurance services to moving services we bring all of these assets to bear on every transaction.” Several real estate teams also made the Inc.

Brokerage 369

Brokerage Real Estate Realty Real Estate Agent 369

Housing Wire

MAY 10, 2022

In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). The nonbank share for agency [mortgage] originations has been rising steadily since 2013, standing at 75.1

Mortgage 393

Mortgage Marketing Finance Insurance 393

Housing Wire

OCTOBER 28, 2021

CHLA is calling on FHFA to take the additional step of barring volume discounts for large lenders in mortgage insurance (MI) coverage of high-LTV GSE loans. FHA is overcharging for its loans – both in the annual premiums it charges and its policy since 2013 of charging premiums for the Life of the Loan.

Mortgage 380

Mortgage Contracts Insurance Realtors 380

Housing Wire

SEPTEMBER 8, 2020

Thomas O’Brien, former CEO and president at Insurance Auto Auctions Pam Patenaude, former deputy secretary of HUD and co-founder of the J.

Investing 304

Investing Investors Government Insurance 304

Housing Wire

APRIL 22, 2024

If you want to think outside the box, consider partnering with an ambitious insurance agent who offers both rent and homeowners insurance. About Ashley Harwood Ashley Harwood began her real estate career in 2013 and built a six-figure business as a solo agent before launching Move Over Extroverts in 2018.

Real Estate 360

Real Estate Open Houses Brokerage Real Estate Agent 360

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

Inspection 136

Inspection Insurance Buyers Renovations 136

Housing Wire

MARCH 22, 2022

On the heels of completing its first credit insurance risk transfer (CIRT) deal of the year in early March, Fannie Mae has announced that it has executed two additional CIRT deals. . billion of mortgage credit risk to private insurers and reinsurers. “We The newest deals, CIRT 2022-2 and CIRT 2022-3, together transferred $1.8

Insurance 350

Insurance Mortgage Real Estate Investors 350

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

Inspection 78

Inspection Insurance Buyers Renovations 78

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.

Insurance 313

Insurance Design Mortgage 313

Housing Wire

JANUARY 25, 2023

Ginnie Mae backs securities issued against government-insured loans originate through programs such as the Federal Housing Administration. For example, in 2013, Nationstar Mortgage (since rebranded Mr. Cooper) acquired $215 billion MSR assets from Bank of America.

Buyers 351

Buyers Investing Mortgage Marketing 351

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

Insurance 332

Insurance Investors Mortgage Design 332

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.

Insurance 358

Insurance Mortgage Design Marketing 358

Housing Wire

FEBRUARY 3, 2022

Freddie Mac’s CRT program was founded with its issuance of the first STACR notes in July 2013. Freddie’s other single-family CRT program, the Agency Credit Insurance Structure (ACIS) program, shares risk with re-insurance companies. It was introduced in November 2013.

Insurance 364

Insurance Investors Government Mortgage 364

Housing Wire

APRIL 5, 2021

In its most recent annual report to Congress, November 2020, the Federal Housing Administration ( FHA ) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). Treasury in 2013. billion — possibly the highest ever recorded and just $15.6

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Insurance Mortgage Housing Market Government 241

Housing Wire

MAY 17, 2021

Freddie Mac implemented the CRT structure in 2013 to reduce the taxpayer’s exposure to its mortgage risks, shifting the risk of credit losses on the mortgages they insure onto investors. From 2013 to February 2021, the GSEs shed $126 billion of risk, at a net cost of $15 billion.

Investors 326

Investors Insurance Mortgage Finance 326

Housing Wire

APRIL 19, 2022

The Office of the Comptroller of the Currency (OCC), the Federal Reserve System , and the Federal Deposit Insurance Corporation (FDIC) oversee and regulate the activities of banks. In its October 2021 letter, the CHLA called on the CFPB to close loopholes in the LO Comp rule , which implemented certain sections of the SAFE Act in 2013.

Training 364

Training Loan Officers Lending Mortgage 364

Housing Wire

AUGUST 31, 2022

The offering totals were across the agency’s flagship Structured Agency Credit Risk (STACR) and Agency Credit Insurance Structure (ACIS) programs, along with other risk-sharing transactions. Through the A CIS transactions, a portion of the credit risk on mortgages backed by Fannie and Freddie is shifted to insurers in the private sector.

Insurance 370

Insurance Investors Mortgage Design 370

Housing Wire

JANUARY 11, 2022

Fannie Mae opened 2022 with its 45 th credit-risk transfer (CRT) deal through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC, bringing the collective value of notes issued through the conduit to nearly $52 billion since the first offering in 2013. trillion.

Investors 373

Investors Valuation Government Mortgage 373

Housing Wire

MARCH 21, 2022

With the completion of its third CRT transaction this year, Fannie Mae will have brought 47 CAS deals to market, issued over $53 billion in notes since its initial offering in 2013, and transferred a portion of the credit risk to private investors on some $1.7 million of credit risk to a group of 22 private insurers and reinsurers.

Investors 365

Investors Insurance Valuation Mortgage 365

Housing Wire

MARCH 3, 2022

According to the DOJ, Juliana Martins, who was on federal supervised release for a previous scheme, left out a key detail of her employment history, which helped her and a co-borrower qualify for an FHA-insured mortgage in the amount of $265,109. The post Repeat fraudster pleads guilty to duping FHA appeared first on HousingWire.

Insurance 343

Insurance Government Tools Business 343

Housing Wire

APRIL 8, 2022

billion in notes backed by mortgage pools valued in total at nearly $829 billion through 10 STACR offerings and 11 ACIS [Agency Credit Insurance Structure] transactions. Since the first CRT transaction in 2013, Freddie Mac’s single-family CRT program has cumulatively transferred approximately $85.3

Valuation 361

Valuation Investors Mortgage Insurance 361

The People's Appraisal Blog

JANUARY 30, 2019

They were installed as the “Middle Man” between appraisers and lenders to help insure Appraiser independence and manage the appraisal ordering process. 2013 an AMC named Evaluation Solutions filed bankruptcy thus leaving appraisers without payments. However others were left without payments ever being made.

Appraisal 36

Appraisal Agents Law Real Estate 36

Appraisal Today

OCTOBER 14, 2022

Excerpts: Completed in 2013, the 50,738-square-foot compound has six bedrooms, 8.5 Lenders want fire insurance for all mortgage loans. What if there is no insurance available, very limited coverage, or only very expensive insurance? Or insurance problems for flooding, hurricanes, or other natural disasters.

Appraisal 52

Appraisal Insurance Real Estate Business 52

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.” It is important to remember that FHA was founded on fundamental insurance principles.

Insurance 414

Insurance Finance Mortgage Sellers 414

Housing Wire

MARCH 27, 2023

Fannie Mae announced on Monday that it has executed two new Credit Insurance Risk Transfer (CIRT) deals: CIRT 2023-2 and CIRT 2023-3. The deals will transfer a combined $926 million of mortgage credit risk to private insurers and reinsurers. These are the second and third CIRT deals of 2023. billion of coverage, which was more than 2.7

Insurance 302

Insurance Design Mortgage Marketing 302

Appraisal Today

SEPTEMBER 30, 2022

Off and on the market since 2013. National Counsel for Liability Insurance Administrators. Excerpts: The 1.76-acre acre property complete with the castle and carriage house is on a riverbank. Listed on the Local, State, and National Registers of Historical Places. Built in 1888. 17 bedrooms, 19 baths, 14,622 sq.ft.

Appraisal 52

Appraisal Inspection Easement Contracts 52

GoForrmz

JULY 18, 2022

All the information from every patient visit, including the digital patient forms they fill out all the way to their payment and insurance information gets included in the ecosystem of big data. ” — Encore Health Resources (2013). Who Gets Impacted by Enterprise Healthcare Data?

Technology 148

Technology Training Law Insurance 148