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Fraud risk continues to rise even as the market contracts

Housing Wire

According to a Q2 analysis by MISMO-certified wire and prevention fintech FundingShield , there was a 40.69% increase in wire-related issues compared to Q1 2022, as well as a 107% increase in closing agent insurance policy coverage gaps and a nearly 10% increase in CPL issues.

Contracts 303
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CHLA: Here’s how to modernize ‘short-changed’ Ginnie Mae

Housing Wire

The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans. This undermines Ginnie Mae’s ability to run a market-driven program.” This recommendation is based on two other ideas.

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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Insurance 506
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Pending home sales fell 7.1% in August

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It Existing home sales also fell in August, down 15.3%

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Polly and CoreLogic partner on API integration

Housing Wire

Mortgage capital markets tech firm Polly announced its application programming interface (API) integration with CoreLogic , which will enable lenders to streamline the digital mortgage process. In August 2022, Polly announced that it extended its API portfolio to better accommodate lenders amid a contracting mortgage environment.

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Secondary mortgage market adjusts to higher-for-longer rates 

Housing Wire

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Treasury market — jumping to as high as 121 in mid-April after ending March near 85.

Marketing 393
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Inflation holds at 3.7%. Is it enough to dissuade the Fed from another rate hike?

Housing Wire

Indices that increased in September were rent, owners’ equivalent rent, lodging away from home, motor vehicle insurance, recreation, personal care and new vehicles. What is happening in the housing market ? If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said.