Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government.

Lending 383

Lending Advertising Mortgage Law 383

Housing Wire

OCTOBER 27, 2023

One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company. The Real Estate Settlement Procedures Act (RESPA) ensures that homebuyers always have the legal right to consider alternative title insurance providers and can never be forced into using a particular provider.

Insurance 497

Insurance Real Estate Buyers Real Estate Agent 497

Housing Wire

MAY 19, 2022

The Community Home Lenders Association (CHLA) sent a letter, signed by 41 independent mortgage banks, to the Federal Housing Administration (FHA) on Wednesday urging the administration to cut mortgage insurance premiums. But not everyone is on board. Gordon has supported a premium reduction in the past.

Insurance 417

Insurance Mortgage Development 417

Housing Wire

OCTOBER 14, 2022

The Mortgage Bankers Association and fellow trade group the Black Homeownership Collaborative have joined the chorus of voices imploring HUD Secretary Marcia Fudge to reduce mortgage insurance premiums (MIPs) and suspend life-of-loan requirements for borrowers with FHA-insured loans.

Insurance 427

Insurance Mortgage Realtors Real Estate 427

Housing Wire

JANUARY 19, 2023

When industry veteran Michael Strauss abruptly shut down Long Island-based Sprout Mortgage in early July, there was uproar. There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. Shocked employees didn’t receive their last paychecks.

Mortgage 395

Mortgage Investors Legal Loan Officers 395

Housing Wire

JANUARY 30, 2023

Cenlar FSB, the second-largest mortgage servicer and largest sub-servicer in the U.S., Daras’ professional career spans more than four decades in the banking and mortgage banking industry. He left Cenlar in 1990 to join New York City-based Dime Bancorp as its chief financial officer but returned to Cenlar in 2015. territories.

Clients 395

Clients Insurance Mortgage Finance 395

Housing Wire

NOVEMBER 18, 2022

The most recent example of a decline in districts to ll resulted from the 2015-2016 merger of the Seattle and Des Moines institutions into a Des Moines District Bank. When the FHLB Act was adopted in 1932, membership was limited to mortgage lenders (e.g., Short-term advances are not so restricted.

Legal 370

Legal Law Insurance Finance 370

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). Million — [Tampa, Florida].

Mortgage 395

Mortgage Marketing Finance Insurance 395

Housing Wire

JUNE 6, 2022

At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. Prior to joining CoreLogic in 2015, Nothaft had a nearly 30-year career at Freddie Mac, where he was most recently the chief economist. Henry Wallich.

Real Estate 446

Real Estate Housing Market Insurance Mortgage 446

Housing Wire

JULY 18, 2022

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. Ed Golding, who was FHA commissioner from 2015 to 2017, said it’s “likely” budget issues are holding up a MIP reduction.

Insurance 437

Insurance Transportation Mortgage Government 437

Housing Wire

APRIL 18, 2022

When the COVID-19 pandemic shut the country down in 2020, title and settlement professionals were deemed essential and continued to help consumers purchase homes and refinance mortgages. Protecting homeowners is always at the center of the title insurance industry’s core values: to lead, deliver and protect. Fee disclosure is robust.

Insurance 395

Insurance Real Estate Agent Development Real Estate 395

Housing Wire

NOVEMBER 18, 2022

and is used by title insurance underwriters, title agents and closing attorneys. . Black Knight was a subsidiary of FNF that went public in an IPO in 2015. Black Knight is preparing to be acquired by ICE, the other behemoth in the mortgage data space. billion, which valued the company at $85 per share. billion, down from $2.9

Insurance 407

Insurance Investors Mortgage Technology 407

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. The argument for the higher threshold for claims arose following a 2015 Supreme Court decision which upheld the disparate impact regulation.

Legal 395

Legal Insurance Development Mortgage 395

Housing Wire

OCTOBER 25, 2022

Recession is coming, according to the Mortgage Bankers Association. . The economic dislocation will bring mortgage originations down to $2.05 “The slowdown in housing activity and higher mortgage rates will quickly cut the rate of home-price growth. “Mortgage insurers are forecasting between $1.3

Mortgage 370

Mortgage Contracts Insurance Business 370

Housing Wire

MAY 21, 2023

The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season. Mortgage rates rose last week as we started the week at 6.55% but ended at 6.90%. NAR: Total inventory: The 10-year yield and mortgage rat es A crazy week in the 10-year yield shot mortgage rates higher.

Housing Market 497

Housing Market Marketing Inventory New Listings 497

Housing Wire

NOVEMBER 17, 2022

This debate comes at a time when mortgage rates have doubled since the beginning of the year, from around 3.5% to around 7%, giving new urgency to the need to keep mortgage fees down on all federal agency mortgage programs — not just FHA but also VA , Fannie Mae and Freddie Mac. 1 way most regular Americans build wealth.

Mortgage 304

Mortgage Finance Design Insurance 304

Housing Wire

OCTOBER 14, 2022

The Mortgage Bankers Association announced Thursday it promoted Joel Kan to vice president, deputy chief economist. Kan has worked at the association since 2006, rising from survey specialist to associate vice president of economic and industry forecasting in 2015.

Project Management 405

Project Management Real Estate Insurance Mortgage 405

Housing Wire

OCTOBER 14, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. This setup lets a consumer compare quotes from several insurers, including Progressive, with only one click. market for homeowners’ insurance.

Insurance 417

Insurance Technology Lending Real Estate Agent 417

Housing Wire

SEPTEMBER 13, 2021

Title insurance giant Old Republic International will pay $1 million to settle charges that it entered into “no-poach” agreements to stifle labor competition, the New York Attorney General’s Office said late last week. Think of it like a mortgage lender having wholesale and retail channels. Presented by: Radian.

Insurance 365

Insurance Retail Clients Business 365

Housing Wire

AUGUST 8, 2022

Cenlar FSB , the nation’s second-largest mortgage servicer and largest sub-servicer, has installed new leadership following the retirement of its president, CEO and chairman Greg Tornquist. year over year, according to Inside Mortgage Finance data. A look at key mortgage claims challenges servicers are facing.

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Human Resources Legal Finance Insurance 370

Housing Wire

APRIL 30, 2023

The other focus should be where mortgage rates go; only a little happened last week. Mortgage rates, once again, didn’t move too much this last week; the bottom level range was 6.50%, while the top was 6.67%; we ended the week at 6.59%. The fear of not having an increase in inventory this spring should be put to rest.

Inventory 518

Inventory Housing Market Marketing New Listings 518

Lamacchia Realty

FEBRUARY 22, 2023

The Department of Housing and Urban Development announced the reduction of the FHA Mortgage Insurance Premium (MIP) today. The down payment hasn’t changed but the cost of the monthly mortgage insurance has decreased putting more money back in the homeowners’ pockets, making homeownership more affordable. to $176.92.

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Insurance Development Buyers Realty 62

Housing Wire

JULY 30, 2023

Strong labor data pushed up mortgage rates and purchase applications fell week to week. However, even with all that drama last week, we ended below 4% on the 10-year yield, and mortgage rates ranged from 6.99% to 7.12%. Tracking housing inventory this summer is like watching a zombie slowly walking on the beach. If we start from Nov.

Housing Market 370

Housing Market Marketing Inventory New Listings 370

Housing Wire

OCTOBER 12, 2022

The American Land Title Association’s (ALTA) 2021 Wire Fraud and Cyber Crime Survey noted in a third of all real estate and mortgage transactions, title insurance professionals reported cyber criminals trying to deceive employees into wiring money to fraudulent accounts. . To boot, check fraud is also on the rise.

Architecture 395

Architecture Real Estate Training Design 395

Housing Wire

FEBRUARY 23, 2024

The case stems from Ginnie Mae’s extinguishment of Reverse Mortgage Funding (RMF) from its reverse mortgage-backed securities program. Specifically, TCB was concerned that if Ginnie Mae seized RMF’s [mortgage servicing rights], TCB would face delays in being repaid.” Ginnie Mae accordingly implored TCB to lend money to RMF.

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Government Contracts Finance Lending 415

Housing Wire

JUNE 11, 2023

And, the recent uptick in mortgage rates to almost 7% slowed purchase application data again. Mortgage rates stayed in a small range between 6.89% – 6.94% Purchase application data had its fourth straight week of negative data as rates near 7% slowed down demand. Of course, we have a third story in this U.S.

Inventory 515

Inventory Housing Market Marketing New Listings 515

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. Mortgage rates fell last week as we started the week at 6.73%, got as low as 6.43% to end the week at 6.5%. Mortgage rates fell to a low of 6.43% then ended the week at 6.5%.

Inventory 487

Inventory Housing Market Marketing New Listings 487

Housing Wire

SEPTEMBER 14, 2023

From February 2011 to April 2022, mortgage rates never rose above 5%, making the cost to borrow money and buy a home very cheap. Couple that with rising costs of home insurance and the general price inflation, and there is a massive housing affordability problem facing the majority of the country.

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Tenants Government Law Buyers 395

Housing Wire

APRIL 1, 2021

Qualia has created a flexible infrastructure for the real estate and mortgage industry. Real estate transactions require coordination between lenders, title insurers, home buyers, title & escrow companies – the list goes on. Joel Gottsegen, Co-founder. Lucas Hansen, CTO. Nate Baker, CEO.

Real Estate 383

Real Estate Real Estate Agent Clients Development 383

Housing Wire

JUNE 3, 2022

Lakeview Loan Servicing unveiled a rare private-label securities offering this past March involving a pool of mostly delinquent mortgages serviced by the company. In those offering, 100% of the FHA loans involved are delinquent — with about a quarter of the mortgages in each deal in active foreclosure. in active foreclosure.

Marketing 395

Marketing Mortgage Insurance Business 395

Housing Wire

MAY 4, 2022

Offerpad was started by its current CEO Brian Bair in 2015, and it went public through a special-purpose acquisition company, or SPAC, in September, with a valuation of $2.7 The Chandler, Arizona-based business reported $41 million in net income for the first three months of 2022 on $1.4 billion in revenue.

Investors 383

Investors Business Valuation Insurance 383

Housing Wire

NOVEMBER 17, 2020

Since its launch in 2015, the company says it has saved consumers $62 million in real estate commissions. Homie offers consumers a suite of real estate services that provide easy access to mortgage , title and insurance services. For buyers, Homie offers a client rebate of up to $5,000.

Real Estate 402

Real Estate Modernization Real Estate Agent Sellers 402

Housing Wire

JUNE 25, 2023

Mortgage rates were again in a small range, hanging near 7%. The affordability hit with higher mortgage rates has impacted new listings data since most sellers are buyers, thus facilitating an all-time low in new listings data. The 10-year yield and mortgage rates The bond and mortgage rate world has been calm the last two weeks.

Inventory 407

Inventory Housing Market Marketing New Listings 407

Housing Wire

JULY 12, 2022

The company, which employs about 17 people, was founded in 2015, and is one of those approved to provide the Freddie Mac data report for its new remote inspection program. Beginning July 17, Freddie Mac will accept some mortgages with hybrid appraisals — but the list of caveats is lengthy. First, the option only applies to refinances.

Appraisal 407

Appraisal Inspection Real Estate Agent Training 407

Housing Wire

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. In 2015, the family paid $250,000 for a 2,900-square-foot house in Ormond Beach, Florida. “They’ve had a manageable budget due to mortgage forbearance. .

Mortgage 395

Mortgage Government Contracts Insurance 395

Housing Wire

DECEMBER 27, 2021

In 2015, according to RealTrends data, gross margins were at 16.4% rms now get as much, or more, of their earnings from mortgage, title insurance and other core settlement services,” Steve Murray, senior advisor to RealTrends, said. “As for the largest brokerage companies in the United States. Now, they’re at 13.5%

Brokerage 395

Brokerage Real Estate Agents Finance 395

Housing Wire

FEBRUARY 22, 2023

The Federal Housing Administration (FHA) on Wednesday morning announced a 30 basis point reduction in the annual premium charged to mortgage borrowers. The cut, widely anticipated by the industry, will result in mortgage insurance premiums (MIP) of 55 bps for most borrowers, down from 85.

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Mortgage Insurance Finance Development 454