Housing Wire

DECEMBER 29, 2021

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. of the market, should be too concerned about the rise of the little guy.

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Insurance Real Estate Technology Business 303

Housing Wire

FEBRUARY 11, 2022

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Other indices put mortgage rates even higher. It reported the 30-year rate for FHA-insured mortgages was even higher, at 4.122%. Randy Howell, president of Mortgage Power Inc.

Mortgage 382

Mortgage Contracts Loan Officers Insurance 382

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time. Other indices showed even higher mortgage rates. What to expect with the Fed ?

Mortgage 364

Mortgage Property Taxes Investors Buyers 364

Housing Wire

MARCH 19, 2024

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.

Technology 337

Technology Contracts Insurance Government 337

Housing Wire

FEBRUARY 7, 2024

The update also clarifies the qualifying interest rate for adjustable-rate mortgages (ARMs) with terms of 7 and 10 years, respectively. Lenders must be in compliance with these property insurance updates for all loans with application dates on or after June 1, 2024.

Retail 375

Retail Project Management Insurance Landlords 375

Housing Wire

MAY 6, 2024

As mortgage rates stay elevated and the number of unsold homes on the market grows — especially in the South — the leading indicators for future home sales prices continue to be softer than the current headlines suggest. That can change if mortgage rates fall dramatically, but the current trends show weakening home prices, not strengthening.

Inventory 394

Inventory Contracts Sellers New Listings 394

Housing Wire

MAY 30, 2024

This has broadened the investor base to include insurance companies and money managers seeking new investment-grade securities. In November 2023, Redwood Trust partnered with Point to close on a $139 million bond secured by 1,577 home equity investment contracts. were co-managers on the transaction.

Investing 333

Investing Investors Contracts Insurance 333

Housing Wire

DECEMBER 26, 2023

Mortgage subservicer Loancare informed authorities that the data of about 1.3 19 , FNF said it suffered a “ cybersecurity incident ” that led the system to shut down some of its networks, causing disruptions to its title insurance, escrow and other title-related services, as well as mortgage transactions.

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Law Contracts Insurance Clients 478

Housing Wire

MARCH 8, 2023

The Consumer Financial Protection Bureau (CFPB) on Wednesday released a special edition of its Supervisory Highlights report that profiles “unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets,” including among mortgage servicers.

Mortgage 299

Mortgage Inspection Law Contracts 299

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

Marketing 363

Marketing Mortgage Investors Sellers 363

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. ” The latest Mortgage Bankers Association (MBA) survey proved Deitch right. .

Mortgage 352

Mortgage Clients Retail Marketing 352

Housing Wire

MAY 24, 2024

In fact, according to a recent study, millennials currently struggle with so much debt that 25% worry they won’t qualify for a mortgage. Nearly 1 in 5 millennials (19%) think their credit card debt will be a stumbling block when applying for a mortgage, while 1 in 7 (14%) think the same about their student loans.

Mortgage 367

Mortgage Insurance Contracts Design 367

Housing Wire

APRIL 13, 2022

Phishing remains the go-to attack for hackers targeting the mortgage and real estate industries. Loan officers and mortgage executives alike continue to click on links in seemingly routine emails, ultimately giving bad actors complete access to lenders’ systems and mortgage transactions.

Real Estate Agent 426

Real Estate Agent Mortgage Real Estate Agents 426

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

FEBRUARY 27, 2024

mortgage lender announced that it will notify 16.9 According to the company, the cyberattack will add approximately $12 million to $17 million in expenses to its first-quarter earnings, the net of expected insurance coverage. loanDepot is accused of negligence, breach of contract and unjust enrichment, among other allegations.

Contracts 405

Contracts Insurance Mortgage Marketing 405

Housing Wire

SEPTEMBER 28, 2023

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. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said. below the August 2022 level.

Housing Market 417

Housing Market Contracts Government Buyers 417

Housing Wire

APRIL 7, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically. Blend Labs CEO Nima Ghamsari is a betting man. He was right.

Mortgage 360

Mortgage Technology Clients Insurance 360

Movoto

APRIL 8, 2024

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Real estate purchase contracts come into play to protect both parties and move the sale forward, helping prevent either party from wasting the other’s time and money.

Contracts 36

Contracts Real Estate Property Taxes Legal 36

Housing Wire

FEBRUARY 23, 2024

The case stems from Ginnie Mae’s extinguishment of Reverse Mortgage Funding (RMF) from its reverse mortgage-backed securities program. But Ginnie Mae has never sought to contract with TCB itself regarding TCB’s transactions with RMF.” Ginnie Mae accordingly implored TCB to lend money to RMF.

Government 310

Government Contracts Finance Lending 310

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 353

Lending Business Retail Client Relationships 353

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 375

Housing Market Marketing Contracts Finance 375

Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. that use trended credit bureau data.

Legal 342

Legal Mortgage Contracts Insurance 342

Housing Wire

OCTOBER 23, 2020

The Federal Housing Administration announced on Wednesday the launch of its first automated underwriting system that will allow lenders to submit loan application data electronically for single family forward mortgages from their loan origination systems to FHA for mortgage insurance eligibility.

Modernization 433

Modernization Contracts Insurance Technology 433

Housing Wire

AUGUST 26, 2022

Polly, a software-as-service mortgage technology firm that operates a loan-trading platform, extended its Application Programming Interface (API) portfolio to better accommodate lenders amid a contracting mortgage environment. The post Polly extends API portfolio as lenders look to streamline appeared first on HousingWire.

Insurance 343

Insurance Technology Contracts Mortgage 343

Housing Wire

OCTOBER 25, 2022

Recession is coming, according to the Mortgage Bankers Association. . The economic dislocation will bring mortgage originations down to $2.05 “The slowdown in housing activity and higher mortgage rates will quickly cut the rate of home-price growth. “Mortgage insurers are forecasting between $1.3

Mortgage 298

Mortgage Contracts Insurance Business 298

Housing Wire

JANUARY 25, 2023

Chicago-based mortgage lender Guaranteed Rate launched a new program this week that will provide up to $8,000 in assistance to potential first-time homebuyers from underserved communities. Buyers who qualify in these metro areas can use the assistance to purchase a house anywhere in the U.S.,

Buyers 368

Buyers Contracts Insurance Mortgage 368

Housing Wire

OCTOBER 13, 2022

In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond.

Mortgage 355

Mortgage Marketing Buyers Sellers 355

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

Mortgage 378

Mortgage Investors Clients Marketing 378

Housing Wire

JULY 6, 2023

Horton also announced the acquisition of 156 lots and control of around 400 lots through option contracts from Truland affiliates, as well as 201 lots and control of approximately 260 lots through option contracts from third parties. In addition to the Truland acquisition, D.R. These strategic acquisitions will allow D.R.

Contracts 365

Contracts Development Insurance Construction 365

Housing Wire

FEBRUARY 27, 2023

Any mortgage lender will tell you that clear and rapid borrower communication is critical to effective customer care. Homebuyers have seemingly countless tasks and responsibilities in the process of purchasing a home and obtaining a mortgage. They simply do not know how to navigate the mortgage terrain without clear guidance.

Insurance 328

Insurance Contracts Buyers Mortgage 328

Housing Wire

APRIL 22, 2024

Djon spoke on Sunday during a session on lead generation at The Gathering, HousingWire ’s real estate and mortgage conference, held in Scottsdale, Arizona. Djon Luxury Real Estate is expanding its sell-side business, training buyer-side real estate agents on the necessary contracts and selling their value to the consumer.

Brokerage 330

Brokerage Real Estate Realtors Real Estate Agent 330

Housing Wire

MARCH 2, 2023

The role of EVP and COO will be responsible for managing Ginnie Mae’s daily operations, including all mortgage-backed security operations, counterparty risk management, contracting, budget and legislative initiatives, and overall risk management of the organization through eight program offices, including the office of the president.

Government 310

Government Finance Contracts Insurance 310

Housing Wire

MARCH 28, 2024

Then, they think about the mortgage : a good rate, good monthly payments, and approval. In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys.

HOA 410

HOA Property Management Real Estate Agent Technology 410

Housing Wire

JUNE 13, 2022

The Mortgage Bankers Association (MBA) sent a letter to the Federal Housing Administration (FHA) last week asking the administration to shed light on some of the changes made to its Claims Without Conveyance of Title program. The FHA gave the mortgage industry 30 days to provide feedback. Presented by: Mortgage Coach.

Insurance 333

Insurance Inspection Contracts Buyers 333

Housing Wire

NOVEMBER 29, 2021

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. MISMO hopes that the initiative will streamline the business process and improve the efficiency of the closing process.

Insurance 305

Insurance Real Estate Agent Brokerage Agents 305

Housing Wire

OCTOBER 29, 2020

The sudden loss of income triggered by the pandemic was partly muted by an income tax refund for eligible taxpayers, enhanced unemployment insurance payments for laid-off workers, and small business loans to maintain employment through the Paycheck Protection Program. Treasury bonds and Mortgage Backed Securities to lower long-term yields.

Housing Market 533

Housing Market Marketing Contracts Open Houses 533

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. How could they resist? Finance data.

Mortgage 362

Mortgage Retail Finance Investors 362