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Old Republic’s net income was down over 55% in 2022

Housing Wire

The rapidly cooling housing market in 2022 was not kind to Big Four title insurer Old Republic. While the century-old firm, which is celebrating its 100 th anniversary in 2023, did generate net income for both the fourth quarter of 2022 as well as for the year as a whole, it was down substantially last year. million, down from $627.0

Insurance 350
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Fintech Upright launches DSCR rental loan

Housing Wire

Cleveland, Ohio-based fintech Upright has launched a debt service coverage ratio (DSCR) rental loan to investors, the company announced on Monday. DSCR rental loans are non-qualifying mortgages (non-QMs) used by real estate investors to qualify for a loan based on their property’s cash flow without personal income verification.

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The secondary market is primed to rise in 2022

Housing Wire

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. All signs point to continuing upward pressure on interest rates in 2022. by the end of 2022.”. Mortgage rates will steadily rise, possibly to 3.3%

Marketing 433
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FHFA tells GSEs to prioritize affordability in 2022

Housing Wire

In its 2022 Scorecard , the conservator also tasked the GSEs with updating their pricing framework to “increase support for core mission borrowers.” It also directed the GSEs to transfer a significant amount of risk to private investors. The scorecard is one of several tools the FHFA has to shape the priorities at the GSEs.

Finance 337
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The Top Rental Estimate Tool for 2022

Mashvisor

Rental estimate tools make us better investors. Learn how you can be a better investor with this estimate tool and how to get the best out of it. Table of…

Tools 68
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CMG Financial inks seven-year partnership with Sagent

Housing Wire

CMG’s financial wellness approach wins over each customer with a seamless combination of experienced human advisors and easy-to-use digital tools,” said Paul Akinmade, CMG’s financial chief marketing and strategy officer. The company has been aiming to grow its market share in originations through mergers and acquisitions.

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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. It makes sense that the investors are asking lenders to ward off as many problems as possible [via QC efforts] before a loan is made.

Investors 380