2015 Contracts Insurance Lending 
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.
Appraisal Today
MAY 10, 2024
In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. The clarifications were made to long-standing policies in our Guides intended to ensure the borrower has sufficient property insurance coverage in the event of a loss, and the February announcements did not change these policies.
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Housing Wire
DECEMBER 20, 2021
In 2015, the family paid $250,000 for a 2,900-square-foot house in Ormond Beach, Florida. The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead. States, overwhelmed with claims and understaffed, also had problems paying unemployment insurance.
Appraisal Today
APRIL 21, 2023
2 Lenders require appraisers to carry E&O insurance because they routinely seek to hold appraisers responsible for loan losses. Among the DOJ’s findings, from 2015 to 2021, all but one of the 101 mortgage lenders PNB employed in the lending area were white. The average contract interest rate for 5/1 ARMs increased to 5.56
Appraisal Today
NOVEMBER 10, 2022
Bottom line: If the home is going to be financed by a lender, insured by FHA, or sold on the secondary market, you must make sure you compile a fair, thorough report to ensure that the lender doesn’t take a loss. The only appraisers who get sued are those performing appraisals for mortgage lending. percent from 7.06 percent from 6.55
Appraisal Today
FEBRUARY 9, 2024
Bradley, SRA, CDEI In September of 2015, FHA revised Handbook 4000.1 An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. How does the FHA define appliances?
Appraisal Today
OCTOBER 14, 2022
While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Lenders want fire insurance for all mortgage loans. Or insurance problems for flooding, hurricanes, or other natural disasters.
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