Housing Wire

JULY 7, 2023

The Homeowners Assistance Fund (HAF) — a program designed to offer financial help to homeowners impacted by the COVID-19 pandemic — has kept more than 300,000 homeowners in their homes by curing defaults and keeping them out of foreclosure , according to data released this week by the U.S. Department of the Treasury. “As

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Housing Wire

AUGUST 1, 2023

Its platform offers eClosing functionality, including eSign, digital notarization, and video conferencing designed for real estate and mortgage professionals. In 2021, Stavvy landed a $40 million Series A funding led by Morningside Technology Ventures , which it planned to use to triple its staff by the first quarter of 2022.

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Housing Wire

DECEMBER 1, 2022

In March 2021, Polly raised $15 million in Series A funding led by 8VC and in January 2022 raised an additional $37 million in a Series B funding round led by Menlo Ventures. In May this year, Polly’s mortgage SaaS technology integrated with mortgage insurance providers like Arch MI, Enact, Essent, MGIC, National MI and Radian.

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Mortgage Technology Investing Design 377

Housing Wire

MARCH 17, 2023

The firm’s automated underwriting tech is designed to augment human underwriters’ capabilities, allowing underwriters to handle more loans. In August 2021, Candor raised $12.5 The company had plans to develop automated appraisals as well as title insurance processes.

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Mortgage Clients Technology Development 324

Housing Wire

APRIL 9, 2024

In late 2021, Congress renewed a 10-basis point tax on Fannie Mae and Freddie Mac loans for another decade — not based on loan risk, but to pay for non-housing spending. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers.

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Sellers Realty Insurance Realtors 431

Housing Wire

JANUARY 5, 2022

But rather than adhering to the program, some mortgage servicers of FHA-insured loans allegedly sent borrowers notices that fail to mention the relief options, requiring paperwork and imposing qualifications that are not necessary under the FHA’s guidelines. “FHA FHA required mortgage servicers to implement the program by Oct.

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Mortgage Insurance Design Government 464

Housing Wire

JANUARY 27, 2022

housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program. NAR, meanwhile, no longer wants to see states excluded from the federal government’s flood insurance program due to not meeting FEMA standards. Two of the most powerful U.S.

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Housing Wire

MARCH 2, 2022

The serious delinquency rate in the Federal Housing Administration loan portfolio is now far less than its pandemic peak, and the Department of Housing and Urban Development said sustained improvement will factor in to whether it adjusts mortgage insurance premiums. In March 2021, HUD Sec. year-over-year in December 2021.

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Insurance Mortgage Design Development 259

Housing Wire

MAY 14, 2024

In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers.

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Sellers Realty Insurance Realtors 303

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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Appraisal Buzz

JUNE 7, 2024

As Director, Chopra is also a member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and the Financial Stability Oversight Council (FSOC). In 2011, the Secretary of the Treasury designated him as the agency’s student loan ombudsman, where he led the Bureau’s efforts on student lending issues.

Contracts 195

Contracts Insurance Legal Business 195

Housing Wire

MARCH 17, 2021

WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services. ” Forbearance legislation and moratoriums have all but stopped foreclosure proceedings during the pandemic and will continue until at least June 2021.

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Real Estate Agent Clients Real Estate Insurance 358

Housing Wire

FEBRUARY 13, 2024

The state of California has extended the eligibility rules for its mortgage relief program, funded by the Homeowner Assistance Fund (HAF) allocation in the American Rescue Plan Act of 2021. A lack of awareness of the program’s existence, however, is one factor that led to its extension, according to the Los Angeles Times.

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Property Taxes Mortgage Design Insurance 300

Housing Wire

JUNE 6, 2022

In a letter to the FHA , Sharon Whitaker, vice president of the ABA, said the 40-year loan modification will help borrowers retain their homes after default and help mitigate losses to FHA’s Mutual Mortgage Insurance Fund. But it’s not just a benefit to borrowers.

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Insurance Mortgage Realtors Housing Market 414

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. .

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Architecture Real Estate Training Design 365

Housing Wire

JUNE 12, 2024

The program was designed to help military service members successfully transition to civilian status by becoming homeowners and building the wealth they missed out on during the war. Total VA loan volume in 1947 was more than $3 billion, compared to its $447 billion peak in 2021.“ “The

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Real Estate Agent Agents Buyers Government 338

Housing Wire

NOVEMBER 21, 2022

Northern Virginia and Maryland (DMV) area, Baltimore, Fairfield County Connecticut and Seattle, title insurance companies are now required by law to file reports identifying individuals who made all-cash real estate purchases exceeding $300,000 through shell companies in the Texas cities of Houston and Laredo.

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Real Estate Law Development Design 363

Housing Wire

FEBRUARY 14, 2023

Consumer prices continued to climb in January, but they rose at the lowest yearly pace recorded since October 2021, according to data released Tuesday by the Bureau of Labor Statistics (BLS). in January, its smallest yearly gain since December 2021. The Consumer Price Index rose by 6.4% in January compared to a year ago. in December.

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Housing Market Design Insurance Inventory 350

Housing Wire

FEBRUARY 21, 2024

This figure was down 15% year over year and 18% below the peak of 420,000 employees in July 2021, when the 30-year fixed mortgage rate averaged less than 3%. In 2021, Gigliotti created Axis 360 Lift , an online academy designed to educate aspiring mortgage and title professionals. But some are completely fresh to the field.

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Housing Market Mortgage Marketing Real Estate 320

Housing Wire

MAY 27, 2022

The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. In October 2021, a multi-agency effort to combat redlining was announced between the CFPB, the Department of Justice and the Office of the Comptroller of the Currency. Presented by: Mortgage Coach.

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Law Valuation Legal Government 413

Housing Wire

FEBRUARY 22, 2022

Lenders are left to their own devices to design the programs, based on guidelines from the CFPB, and hope they get it right. In December 2021, HUD resolved long standing questions about whether special purpose programs would violate the fair housing act. CFPB officials have also since made public statements in support of the programs.

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Lending Development Finance Law 311

Housing Wire

APRIL 27, 2021

Ritchie Torres (D-NY) last week introduced the “Real Estate Valuation Fairness and Improvement Act of 2021,” to root out discrimination in appraising and correct the legacy of redlining. The Consumer Financial Protection Bureau would designate the chairperson of the body. Emanuel Cleaver (D-MO) and Rep.

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Appraisal Valuation Design Real Estate 382

Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. Yet help might be on the way.

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Business Finance Buyers Lending 406

Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents. he says. “I

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Real Estate Real Estate Agent Mortgage Agents 455

Housing Wire

OCTOBER 25, 2023

real estate market in December 2021. The all-cash purchase threshold will remain $300,000 for all GTOs, with the exception of the city and county of Baltimore, which has a purchase threshold of $50,000. real estate market to launder money. FinCEN began issuing GTOs in January 2016 and last announced expansions to its GTOs in April 2023.

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Real Estate Law Design Development 361

Housing Wire

APRIL 26, 2023

.; Northern Virginia and Maryland (DMV) area; the city and county of Baltimore; Fairfield County, Connecticut; the Hawaiian Islands of Honolulu, Maui, Hawaii and Kauai; and Houston and Laredo, Texas, will retain their GTO designation. real estate market to launder money.

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Real Estate Law Realtors Finance 293

Housing Wire

FEBRUARY 2, 2021

It’s a topic she’s well-suited to speak on — at CoreLogic, Hepp is responsible for analyzing, interpreting and forecasting economic trends in real estate, mortgage and insurance. Prior to joining CoreLogic in 2020, Hepp was chief economist and vice president of business intelligence for Pacific Union International , Inc.,

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Real Estate Technology Valuation Design 200

Housing Wire

SEPTEMBER 30, 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. proptech funding will likely fall this year to its lowest level since 2016, but should rebound in 2021, a new forecast indicates.

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Property Management Real Estate Business Technology 370

Housing Wire

DECEMBER 18, 2020

Is 2021 a good time to buy a house? Since FHA loans are designed for primary residences only, you’ll need to live in the home for at least a year before renting it out. More for Real Estate Enthusiasts. How much house can you afford to buy? The differences between FHA, VA, and USDA mortgages. There is a catch, though. The bottom line?

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HOA Finance Investing Loan Officers 457

Housing Wire

FEBRUARY 17, 2021

Before joining Radian, one of the country’s largest providers of mortgage insurance, risk services, real estate services and title services, Wai spent several years as an entrepreneur running two start-ups. Wai has been building applications and working in technology for two decades.

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Technology Real Estate Design Insurance 205

Housing Wire

JULY 7, 2021

Terms of the deal were not disclosed, but statements from Mr. Cooper company leadership detailed that the transaction will not have a significant impact on its second quarter 2021 results. The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing.

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Mortgage Property Taxes Insurance Business 386

Housing Wire

OCTOBER 5, 2023

“…These [rated offerings] can start to bring in investors like insurance companies, money managers with mutual funds that have ratings constraints, investment banks … [and more], which will provide better financing on rated bonds.” billion, according to offering documents. so it’s just a matter of us getting in front of more customers.”

Housing Market 384

Housing Market Marketing Contracts Finance 384

Housing Wire

AUGUST 2, 2021

The 2021 Women of Influence winners represent 100 of the most influential women in leadership in the housing economy. More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Head of Product and Design. Briana Ings.

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Insurance Realty Lending Finance 393

Housing Wire

JUNE 17, 2021

Peter Paglia: The Mortgage Bankers Association (MBA) predicts purchase volume will set a new record in 2021, hitting $1.67 PP: HomeBinder provides a centralized and automated home management platform designed for the journey of homeownership. trillion for a projected growth of 16.4%.

Clients 283

Clients Real Estate Agent Marketing Real Estate 283

Housing Wire

JULY 11, 2022

Industry trade groups, which played a key role in getting the program off the ground in March 2021, described the process as “an enormous collaborative effort,” but also as a “complicated thing to process.”. The HAF program, run by the Department of Treasury , was designed to give states significant leeway in how they use the federal money.

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Logistics Design Government Finance 288

Housing Wire

SEPTEMBER 16, 2021

MBA’s National Delinquency Survey (NDS) data for the second quarter of 2021 showed a sharp decline in the mortgage delinquency rate to 5.47%. by the end of 2021, and likely dropping below 4% by the end of 2022. As shown in Exhibit 1, the delinquency rate tends to be highly correlated with the unemployment rate over time.

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Mortgage Inventory Investors Design 476

Housing Wire

DECEMBER 20, 2021

Wilen’s case illustrates how some Americans have a lot to lose if policies designed to help mortgage borrowers don’t break right. Black Knight data shows that roughly 450,000 forbearance plan expirations are expected to occur through the end of 2021, representing more than a third of active plans. Department of Labor.

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Mortgage Government Contracts Insurance 330