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Review of MMI Fund’s reverse mortgage book sheds light on evolving HECM

Housing Wire

The cash-flow net present value (NPV) of the HECM book also increased year over year, from $3.646 billion in 2022 to $6.742 billion in 2023. Change in cash flow While there was no single factor that led the HECM book’s value to a higher level last year, the reviewers pointed instead to multiple elements that dictated the results.

Mortgage 323
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Opinion: FHA should lower Mortgage Insurance Premium

Housing Wire

Simply put, it looks at all the insured loans in the single-family business and factors in expected interest rates, home price forecast, default rates and severity rates over the entire duration of these loans, some of which will be on the books for 30 years. What is the capital reserve ratio? There is no reason to delay a move here.

Insurance 382
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CoreLogic unveils new solution to bolster security for MLSs

Housing Wire

CoreLogic has debuted a new security solution for multiple listing services designed to reduce the risk of cybersecurity threats. CoreLogic is re-writing the MLS defense book for safeguarding MLS systems and data against threats like ransomware and cyber-attacks.

Design 329
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7 money moves to make now for a prosperous 2024

Housing Wire

7 money moves for a prosperous New Year Use these seven tips to save money, get additional tax benefits and make the most of your insurance , credit cards, retirement accounts and more. Here are a few to consider: Education: Costs for continuing education , training, books and conferences.

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What your title company needs to succeed in 2023

Housing Wire

Here’s how to show them you’re in the know: Be a title expert Homebuyers want information that can make their decisions more manageable, especially information on title insurance, which they may have never heard of before starting the home buying process. We all know nothing is based on an exact rule book.

Insurance 297
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CRT protects GSEs, taxpayers from unexpected disasters

Housing Wire

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.

Insurance 272
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White House aware of issues over investment properties

Housing Wire

In a conversation with Mortgage Bankers Association President Bob Broeksmit last week, Bharat Ramamurti, deputy director of the National Economic Council , acknowledged the issue, which was designed to provide more liquidity to the GSEs. That would be like if Wells [Fargo] said, ‘Well, we’ve got deposit insurance so who cares.’”.

Investing 381