Housing Wire

DECEMBER 14, 2022

Mortgage Industry Standards Maintenance Organization (MISMO), the organization tasked with developing standards for the mortgage finance industry, appointed vice president of operations Jan Davis as its acting president. Mortgage Insurers (USMI) as its president in 2023.

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Housing Wire

MARCH 8, 2023

The Consumer Financial Protection Bureau (CFPB) on Wednesday released a special edition of its Supervisory Highlights report that profiles “unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets,” including among mortgage servicers.

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Mortgage Inspection Law Contracts 373

Housing Wire

NOVEMBER 10, 2021

The federal government’s top regulators announced Wednesday that they are collectively resuming mortgage servicing supervisory and enforcement practices in full, ending certain flexibilities it offered mortgage servicers at the onset of the Covid-19 pandemic.

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Housing Wire

NOVEMBER 15, 2021

The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances and FHA’s Annual Report to Congress, both released Monday morning.

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Mortgage Insurance Finance Development 379

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).

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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.

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Housing Wire

NOVEMBER 15, 2022

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) noted in a briefing on Tuesday that it managed to record another banner year for the Mutual Mortgage Insurance (MMI) Fund. We are not announcing a mortgage insurance premium change today,” Gordon said. New priorities.

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Housing Wire

MARCH 18, 2022

When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. You are the reverse mortgage department,” he said. The partner smiled. “

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Real Estate Real Estate Agent Mortgage Agents 513

Housing Wire

JUNE 30, 2023

Indian Land, South Carolina-based lender Movement Mortgage has agreed to pay $23.75 million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. Attorney Carla Freedman said in a statement.

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Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020.

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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. based consultancy Potomac Partners , which specializes in the mortgage finance industry. “To

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Housing Wire

AUGUST 14, 2020

The Community Home Lenders Association (CHLA) recently used the opportunity to submit a comment letter on proposed GSE capital levels to instead focus mostly on pending unresolved issues that are critically important to small mortgage lenders. CHLA did this not because capital levels aren’t important; they are. Scott Olson Guest Author.

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Mortgage Insurance Development Government 405

Housing Wire

JUNE 16, 2023

The Mortgage Bankers Association (MBA) is highlighting the challenges and successes that the COVID-19 pandemic created for mortgage servicers in response to a series of reports published this week by the U.S. Department of Housing and Urban Development (HUD)’s Office of the Inspector General (OIG). “[The]

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Insurance Mortgage Development 369

Housing Wire

APRIL 26, 2023

On March 29, the Federal Housing Finance Agency (FHFA) announced Fannie Mae and Freddie Mac would enhance their COVID-19 pandemic-era deferral policies which allowed homeowners experiencing hardship to defer up to six months of mortgage payments to be settled at the end of the loan.

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Insurance Mortgage Government Investors 373

Housing Wire

FEBRUARY 6, 2023

trillion mortgage servicing sector shouldn’t be “disrupted” by financial technology, it should be reimagined with fintech. Most new-to-mortgage fintech folks who overuse the word “disruptor” will start by asking, “What are your requirements?” In mortgage servicing, it’s not about “disruption” for the sake of sounding innovative.

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Mortgage Investors Technology Modernization 368

Housing Wire

NOVEMBER 29, 2021

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. To tackle this challenge, MISMO will form a new development workgroup.

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Insurance Real Estate Agent Brokerage Agents 387

Housing Wire

JUNE 1, 2022

According to the Mortgage Bankers Association (MBA), total loan production expenses increased to an all-time high of $9,470 per loan in the fourth quarter of 2021. The ALTA Registry is a unique real estate utility created specifically for the mortgage industry and service providers.

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Insurance Real Estate Agents Technology 409

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

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Mortgage Loan Officers Finance Investors 397

Housing Wire

SEPTEMBER 16, 2021

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. In June 2020, roughly 8.5% The delinquency rate should follow that downward path closely.

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Mortgage Inventory Investors Design 485

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. Dave Applegate, a board member since 2020, has been named the company’s chairman. Presented by: Newbold.

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Housing Wire

MAY 24, 2022

Indecomm Global Services , a New Jersey-based mortgage automation and services provider, aims to court more lenders through its new automation-enabled origination solution, GeniusWorks, which is intended to cut the cost of middle-office origination functions: set-up, processing and underwriting.

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Mortgage Insurance Technology Development 369

Housing Wire

AUGUST 23, 2023

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. The company went from a $500 million profit and 11,000 employees in 2020 to only 950 employees by June 2023.

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Realtors Technology Insurance Mortgage 370

Housing Wire

JUNE 8, 2021

EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. EnerBank funds most of its loans on its balance sheet through FDIC -insured brokered CDs; it also charges fees to the contractors. billion in volume in 2020. in 2021 to $433 billion. in 2021 to $433 billion.

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Renovations Home Improvement Marketing Finance 407

Housing Wire

OCTOBER 7, 2021

RealFi), a nonbank mortgage lender based in New York, accused the company’s top male executives of creating a toxic workplace through repeated sexual harassment and gender discrimination. This is the second recent lawsuit against a mortgage lender that claims top male executives fostered a toxic workplace. Department of Justice.

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Insurance Mortgage Clients Development 361

Housing Wire

MARCH 31, 2021

In one of its key decisions, the CFPB said it will roll back its leniency on reporting Home Mortgage Disclosure Act data. Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI). How servicers can stay ahead of Biden’s potential regulatory changes. Presented by: Proctor Loan Protector.

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Insurance Appraisal Development Lending 410

Housing Wire

MARCH 8, 2022

Pink slips will arrive for 3,000 employees of Better.com, the mortgage lender that received a mountain of bad press three months ago when its CEO, Vishal Garg, fired 900 workers via Zoom and chastised their work ethic to remaining employees. . Also, health insurance coverage in the U.S. will be extended through March.

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Insurance Mortgage Real Estate Development 458

Housing Wire

NOVEMBER 11, 2021

The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). Additionally, the administration is expanding allowable income sources for borrowers “consistent with the criteria for income and property valuations used in real-estate mortgage financing.”

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Finance Valuation Insurance Lending 450

Housing Wire

OCTOBER 20, 2021

Less than one month after launching operations , the private holding group StoicLane – the backers of Interfirst Mortgage – has acquired control of the appraisal management company Lender’s Valuation Services (LVS). The company was founded by mortgage professionals and appraisers that “witnessed the collapse of the mortgage industry.”

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Appraisal Valuation Appraisal Process Finance 370

Housing Wire

JUNE 8, 2021

The HW Insiders program is for the operational all-stars within the housing economy who do the leg work and make the mortgage industry tick, but rarely get the credit. Maxson helped develop a new workflow process that enabled NotaryCam to manage a 300% increase in demand for remote online notarization. .

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Real Estate Development Insurance Government 244

Housing Wire

JULY 7, 2021

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM).

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Mortgage Property Taxes Insurance Business 397

Housing Wire

MARCH 16, 2022

Tech-fueled retail mortgage lender InstaMortgage has merged with mortgage broker shop All Cal Financial , a rare example of a top-performing brokerage switching channels. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth.

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Retail Loan Officers Brokerage Technology 425

Housing Wire

APRIL 7, 2022

After becoming the poster child for callous mass layoffs, mortgage originator Better.com has adopted a new approach to reducing its workforce: the company is now asking staff if they want to leave voluntarily with benefits. He added: “This is requiring many of them to make difficult decisions in order to sustain their businesses.

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Business Mortgage Insurance Investors 397

Housing Wire

JUNE 23, 2021

from April 2020 to April 2021, with the median home price surging by more than $20,000. For example, today’s historically low mortgage interest rates offer buyers more spending power. According to USMI’s annual report , more than 2 million homeowners qualified to purchase or refinance their home in 2020 thanks to private MI.

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Housing Market Marketing Construction Insurance 421

Housing Wire

AUGUST 9, 2021

1, according to a survey from the Mortgage Bankers Association. The percentage of loans in forbearance for independent mortgage bank (IMB) servicers decreased four basis points to 3.63%, and the percentage of loans in forbearance for depository servicers decreased 10 basis points to 3.49%. Per MBA’s estimate, 1.7 “Of the 1.7

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Mortgage Insurance Tools Development 432

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. To that end, Blend plans to use the new capital to invest in product development such as speeding up the release of its digital closing solution.

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Investing Loan Officers Technology Development 496

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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Insurance Investors Design Finance 357

Housing Wire

DECEMBER 21, 2020

Blosser has been leading the association’s data privacy efforts since 2017, and led the association’s role in creating model legislation such as the Remote Online Notarization Act , which was drawn up in collaboration with the Mortgage Bankers Association and the National Association of Realtors.

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