Housing Wire

MARCH 4, 2024

Additionally, the cost of homeowners insurance has dramatically increased in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. As a result, Los Angeles now has more affordable housing units in the pipeline than in 2020, 2021 and 2022 combined.

Finance 433

Finance Property Taxes Insurance Development 433

Housing Wire

MARCH 5, 2024

They include the reallocation of funds originally earmarked for relief from the economic impacts of the COVID-19 pandemic for affordable housing construction, as well as new provisions for the 2021 American Rescue Plan (ARP) Emergency Rental Assistance (ERA) program to clarify the use of such funds for affordable housing.

Insurance 446

Insurance Construction Government Design 446

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.

Mortgage 336

Mortgage Insurance Finance Development 336

Housing Wire

FEBRUARY 13, 2024

hired two executives as it looks to take the company to its next phase of development. Department of Homeland Security and title insurance company Charter Title. He was named a 2021 HW Insider after Sales Boomerang debuted in the top 5% of the Inc. Mortgage tech firm TRAiNED Inc.

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Training Mortgage Design Insurance 409

Housing Wire

APRIL 23, 2024

brands, including brokerage, mortgage, title, insurance and technology. During his time as CMO he has increased profitability through affiliate-sourced acquisitions, built a more robust marketing infrastructure, developed CRM and analytics capabilities and created marketing plans to support emerging business opportunities.

Marketing 339

Marketing Project Management Advertising Real Estate 339

Housing Wire

JUNE 8, 2021

Maxson helped develop a new workflow process that enabled NotaryCam to manage a 300% increase in demand for remote online notarization. . The post The 2021 HW Insiders Nominations are now open! Under Bremer’s supervision, CoreLogic has automated 94% of its core flood determination service. . Nominate someone today!

Real Estate 223

Real Estate Development Insurance Government 223

Housing Wire

MARCH 11, 2024

Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said. Founded in 2013, Floify — a subsidiary of Porch Group Inc. —

Mortgage 388

Mortgage Loan Officers Real Estate Agent Design 388

Housing Wire

SEPTEMBER 25, 2023

As of June, Better had 950 team members, a 91% decrease over an 18-month period from 10,400 in Q4 2021, according to its previous filing with the Securities and Exchange Commission (SEC). For things like homeowner’s insurance, title insurance, and Realtors, we’ve now just become a marketplace.

Insurance 412

Insurance Technology Finance Mortgage 412

Housing Wire

SEPTEMBER 11, 2023

Lesley Alli and Andrew Greenberg both joined NMI Holdings to serve as senior vice presidents, announced the parent company of National Mortgage Insurance Corporation Monday in a statement. Alli also received numerous accolades in her field: she was recognized as one of Housing Wire ‘s 50 “Women of Influence” in 2021.

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Investors Insurance Finance Government 350

Housing Wire

FEBRUARY 24, 2022

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. billion for 2021, a 49% increase over a year prior. Our investments are more in the continued enhancement and development stages and we are adding more features to our existing technologies,” Nolan said.

Insurance 365

Insurance Investors Development Technology 365

Housing Wire

MARCH 17, 2023

Future development projects will follow this collaborative approach with our clients and strategic partners. In August 2021, Candor raised $12.5 The company had plans to develop automated appraisals as well as title insurance processes. million in Series A funding, led by Arthur Ventures.

Mortgage 332

Mortgage Clients Technology Development 332

Housing Wire

SEPTEMBER 25, 2023

Founded in 2021, Curinos provides data, technologies and insights for financial institutions. Embedded with Curinos’ comprehensive dataset, Polly is currently in development with a suite of competitive data and analytics that will layer into its end-to-end capital markets platform.

Technology 309

Technology Insurance Mortgage Lending 309

Housing Wire

JULY 12, 2023

Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July. HousingWire reported that the Sacramento-based lender instituted a round of layoffs in late November 2022, affecting 72 employees , per a document filed with the state’s Employment Development Department.

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Retail Development Finance Lending 369

Housing Wire

OCTOBER 11, 2023

As professionals are underwriting loans, servicing them or investing in loan portfolios, there is a big increase in the price of homeowners insurance ,” Gallagher highlighted. “And Loan servicers can use predictive analytics that map natural disasters to prepare for a wave of mortgage delinquencies after a natural disaster strikes. “As

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Real Estate Insurance Investors Law 421

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 has also applauded FHFA Director Thompson for FHFA’s work in championing lower-cost alternatives to title insurance, such as using attorney opinion letters.

Sellers 444

Sellers Realty Insurance Realtors 444

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. “I

Insurance 386

Insurance Mortgage Development Housing Market 386

Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. Our company delivered good financial results in the first quarter, our seasonally slowest period,” CEO Ken DeGiorgio said during the company’s first quarter 2021 earnings call with investors on Thursday.

Insurance 360

Insurance Investing Marketing Business 360

Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. Department of Housing and Urban Development (HUD) in August 2022.

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Renovations Buyers Development Insurance 346

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. billion manufactured home purchase mortgages in 2021, according to HMDA data. In 2021, FHA financed 0.5%

Renovations 333

Renovations Finance Insurance Transportation 333

Housing Wire

MAY 23, 2022

In his new role, Hogle will manage the firm’s retail operations, overseeing growth and development of retail sales and the production network, while supporting the firm’s business channels. For example, the Mutual Mortgage Insurance Fund has a capital ratio of 8.03% as of September 2021, more than quadruple the required statutory minimum.

Mortgage 374

Mortgage Retail Insurance Development 374

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. In 2021, more than 40% of FHA forward mortgages were for borrowers of color. The FHA’s Mutual Mortgage Insurance fund, meanwhile, is in stellar shape.

Insurance 437

Insurance Transportation Mortgage Government 437

Housing Wire

OCTOBER 17, 2022

Lawson will also spearhead the legislative, regulatory and bank or nonbank supervisory processes at CSBS and oversee the development and implementation of policies with a goal of advancing financial regulation at the state level. Lawson joined CSBS in July 2021 as senior vice president for policy.

Development 365

Development Insurance Business 365

Housing Wire

JUNE 1, 2022

The same 2021 Pew survey , 70% of Americans said young adults today have a harder time buying a home than their parents’ generation did. 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. Consumers are worried too.

Insurance 389

Insurance Real Estate Agents Technology 389

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.

Real Estate 374

Real Estate Law Development Design 374

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 required mortgage servicers to implement the program by Oct.

Mortgage 473

Mortgage Insurance Design Government 473

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. Howell echoed similar sentiments, noting that the FHA has been building its Mutual Mortgage Insurance Fund for years to historic levels and can easily afford to lower the premiums.

Insurance 365

Insurance Loan Officers Sellers Mortgage 365

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.

Insurance 265

Insurance Mortgage Design Development 265

Housing Wire

JULY 26, 2021

Kenneth Farmer has been named regional underwriting counsel for First American Financial Corporation’s gulf coast title insurance, the company recently announced. First American’s total revenue for the second quarter of 2021 was $2.3 Farmer is a founding member of the Land Title Association of Mississippi.

Law 367

Law Real Estate Insurance Retail 367

Housing Wire

FEBRUARY 22, 2022

In December 2021, HUD resolved long standing questions about whether special purpose programs would violate the fair housing act. Acting Director David Uejio spoke in September 2021 about how special purpose credit programs “serve as an important tool” for mortgage lenders to assist underserved borrowers.

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Lending Development Finance Law 322

Housing Wire

MARCH 31, 2022

WFG National Title Insurance Company (WFG) is a wholly owned subsidiary of Williston Financial Group and a national title insurance underwriter dedicated to taking time and cost out of real estate transactions. DecisionPoint offers immediate title clearance for about a third of U.S. properties.

Real Estate 346

Real Estate Human Resources Technology Clients 346

Housing Wire

MARCH 30, 2021

Real estate tech company Spruce announced a joint project Tuesday with insurtech platform Digital Partners and American Digital Title Insurance Company to offer a fully underwritten title commitment that it says can be completed in minutes. In September, the companies announced a joint project to offer cost-effective title insurance.

Insurance 251

Insurance Real Estate Investors Clients 251

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.

Insurance 421

Insurance Mortgage Realtors Housing Market 421

Housing Wire

MARCH 31, 2021

In March 2020, the CFPB announced it would no longer require certain lenders to report quarterly information under HMDA, however, now the agency is instructing all financial institutions to do so beginning with their 2021 first-quarter data due by May 31. How servicers can stay ahead of Biden’s potential regulatory changes.

Insurance 410

Insurance Appraisal Development Lending 410

Housing Wire

OCTOBER 4, 2021

The behavioral data analytics firm says these developments point to the fact that “borrowers have grown their credit scores alongside their equity, paving the way for more cash-out refinance and HELOC activity in the coming months.”. Plus, the frequency of borrowers searching for the phrase “cash-out” increased by almost 300% from Q2 to Q3.

Insurance 421

Insurance New Listings Mortgage Development 421

Housing Wire

JULY 19, 2021

The IPO gives the cloud-based software company the ammunition to grow market share , develop new products and dive deeper into various sectors within fintech, including consumer banking and auto. Over the last two years, Blend has acquired its own mortgage insurance firm and title insurance firm (the latter in a $422 million deal).

Insurance 384

Insurance Investors Technology Real Estate Agent 384

Appraisal Buzz

NOVEMBER 15, 2021

Department of Housing and Urban Development (HUD) has released its fiscal year (FY) 2021 report to Congress on the financial health of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund.

Insurance 150

Insurance Development Appraisal Mortgage 150

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 298