Housing Wire

MARCH 8, 2024

“The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector. FDIC), banks held $2.78

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Real Estate Insurance Lending Retail 462

Housing Wire

JUNE 1, 2023

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” And the design and development of the models and algorithms can reflect the biases and blind spots of the developers.”

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Valuation Design Law Insurance 377

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. It is designed to streamline the loan manufacturing process while eliminating the need for employee adoption. Mortgage tech firm TRAiNED Inc.

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Training Mortgage Design Insurance 410

Housing Wire

JANUARY 10, 2024

Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development. Obviously we have a forward lending division, we have the reverse mortgage lending division and a commercial panel, as well as an insurance company.

Mortgage 413

Mortgage Lending Loan Officers Design 413

Housing Wire

APRIL 25, 2024

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) counseling program was cited as an example. This program provides counseling to all applicants of the federally insured reverse mortgage program, the Home Equity Conversion Mortgage program,” the report stated. “The

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Mortgage Government Law Design 328

Housing Wire

APRIL 22, 2024

To convert these leads into business, the brokerage developed teams — also called units — headed by captains who are successful agents with high lead conversion rates. Meanwhile, a customer relationship management system, along with experts in marketing, sales and other areas, are designed to support these teams, he said. “If

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Brokerage Real Estate Realtors Real Estate Agent 341

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. This is a huge boon for the program as seller concessions have not been allowed within the FHA-insured program since its inception. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).

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Finance Real Estate Agent Real Estate Insurance 443

Housing Wire

MARCH 17, 2023

Future development projects will follow this collaborative approach with our clients and strategic partners. The firm’s automated underwriting tech is designed to augment human underwriters’ capabilities, allowing underwriters to handle more loans. In August 2021, Candor raised $12.5

Mortgage 341

Mortgage Clients Technology Development 341

Housing Wire

APRIL 9, 2024

CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers. Another development in the focus on first-time homebuyers is CFPB’s recent announcement that it was going after junk fees and other non-competitive practices in the mortgage loan process.

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Sellers Realty Insurance Realtors 442

Housing Wire

JUNE 30, 2023

million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. Therefore, lenders must follow FHA and VA rules to ensure only loans that meet credit and underwriting criteria are insured or guaranteed by the government.

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Government Insurance Mortgage Legal 380

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.

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Mortgage Insurance Design Government 469

Housing Wire

FEBRUARY 1, 2024

Yet as surrounding neighborhoods appreciated in value with increased amenities and services, rising costs pushed out the mostly Black, longtime residents — excluding them from the benefits of development.” Here’s a summary of how “redlining” flows from its inception during the New Deal until today: A Black homeowner seeks an appraisal.

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Real Estate Appraisal Insurance Training 392

Housing Wire

NOVEMBER 29, 2021

The CLP forms a contract between a title insurance underwriter and a lender, in which the underwriter agrees to indemnify the lender for actual losses caused by certain types of misconduct by the closing agent, while the Title Commitment is a promise from your title company to issue the title insurance policy after the closing is completed.

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Insurance Real Estate Agent Brokerage Agents 336

Housing Wire

JUNE 21, 2023

Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry. The Consumer Financial Protection Bureau (CFPB) has 11 different items in the pipeline in its section of the federal government’s 2023 spring regulatory agenda, released last week by the White House.

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Valuation Finance Legal Development 324

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. financial system.

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Real Estate Law Development Design 379

Housing Wire

MAY 26, 2022

A spokesperson from Department of Housing and Urban Development’s Office of Inspector General said that the loans funded were FHA-insured loans. She allegedly created phony prepaid debit card statements designed to serve as records of the borrowers withdrawing the monthly child support payments.

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Loan Officers Clients Design Insurance 407

Housing Wire

FEBRUARY 22, 2022

Lenders are left to their own devices to design the programs, based on guidelines from the CFPB, and hope they get it right. If the regulators were willing to give someone a decision with a safe harbor behind it, lenders would be much more inclined to develop the programs,” said Arculin. “If

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Lending Development Finance Law 332

Housing Wire

JANUARY 12, 2024

“The foundation would get what was described, in a January 2023 fundraising package, as a ‘prestigious headquarters … [and] site for small scale, but elegant events’ with its ‘voluminous library on American legal and constitutional development’ as a resource for nearby Roger Williams University ‘s law school.”

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Tools Mortgage Finance Lending 384

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 307

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.

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Insurance Mortgage Realtors Housing Market 417

Housing Wire

OCTOBER 25, 2023

For that reason, Treasury is committed to developing a solution to increase the transparency in the domestic real estate market.” The all-cash purchase threshold will remain $300,000 for all GTOs, with the exception of the city and county of Baltimore, which has a purchase threshold of $50,000. real estate market to launder money.

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Real Estate Law Design Development 383

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

Agents 452

Agents Sellers Buyers Finance 452

Housing Wire

AUGUST 22, 2023

On June 1 , six federal agencies requested comments from the public on a rule designed to ensure the credibility and integrity of models used in real estate valuations. Department of the Treasury ; and the Federal Reserve System. When announcing the proposed rule, Vice President Kamala Harris weighed in.

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Valuation Appraisal Government Real Estate 367

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. So far, it has not signaled plans to do so. In March 2021, HUD Sec.

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Insurance Mortgage Design Development 270

Housing Wire

OCTOBER 21, 2021

The Los Angeles-based startup was designed and developed in a collaboration with BCG Digital Ventures , a global corporate venture, investment and incubation arm of the Boston Consulting Group. Since its founding in 2018, Endpoint has raised $220 million in capital.

Real Estate 369

Real Estate Investing Development Design 369

Housing Wire

SEPTEMBER 30, 2021

Most digital solutions in the lending industry are designed to solve one problem and built for one audience in mind. Today, the platform integrates with Encompass by ICE Mortgage Technology, and integrations with other LOS systems are in development. Stavvy has the power to bring these disparate components together.

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Real Estate Design Lending Agents 304

Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents.

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Real Estate Real Estate Agent Mortgage Agents 477

Housing Wire

MAY 27, 2022

The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. The CFPB said it is concerned automated valuation models may reflect bias in design and function. Presented by: Mortgage Coach.

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Law Legal Valuation Government 417

Housing Wire

AUGUST 31, 2021

Since its founding in 2010, WFG National Title Insurance Company has worked to advance the real estate, mortgage lending and title industries, adding greater efficiency and accuracy to processes and a vastly improved experience for consumers.

Real Estate 248

Real Estate Technology Development Design 248

Housing Wire

MAY 3, 2021

The Federal Housing Finance Agency (FHFA) finalized a rule on Monday that will require Fannie Mae and Freddie Mac to develop plans that would ensure upon their eventual exit from conservatorship, they won’t do any large scale harm to the financial system.

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Government Finance Development Design 388

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. To that end, Blend plans to use the new capital to invest in product development such as speeding up the release of its digital closing solution.

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Investing Loan Officers Development Technology 492

Housing Wire

AUGUST 20, 2020

Prior to Crunchbase News, she developed her journalism skills as a reporter for the likes of Silicon Valley Business Journal, Crain’s and the Houston Business Journal. Launched in August 2020, FinLedger is a fintech-focused media brand designed for financial services professionals. FinLedger officially launched on August 17, 2020.

Real Estate 241

Real Estate Technology Design Insurance 241

Housing Wire

APRIL 1, 2021

BNT has developed Default Title Lifecycle Management Services, which works as an end-to-end solution to help clients further streamline the process from loan modification to re-performance. Sean Cooke is a 15-year veteran of the mortgage finance industry with deep experience in solution design and continuous process improvement.

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Clients Investors Agents Design 215

Housing Wire

OCTOBER 5, 2023

These [rated offerings] can start to bring in investors like insurance companies, money managers with mutual funds that have ratings constraints, investment banks … [and more], which will provide better financing on rated bonds.” billion, according to offering documents. It appears that securitization market has arrived.

Housing Market 402

Housing Market Marketing Contracts Finance 402

Housing Wire

AUGUST 1, 2023

Cooper Elly Cummings Divisional EVP New American Funding Eloise Schmitz Co-founder and CEO LoanNEX Erika Franks President ACT Appraisal Felecia Bowers Senior Vice President and Director of Compliance and Servicing Homeowners Financial Group Georgia Perez Chief Growth Officer LiveEasy Heidi Mason Executive Vice President and General Counsel Freddie (..)

Real Estate 370

Real Estate Realty Lending Mortgage 370

Housing Wire

JULY 7, 2021

The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing. Terms of the deal were not disclosed, but statements from Mr. Cooper company leadership detailed that the transaction will not have a significant impact on its second quarter 2021 results.

Mortgage 393

Mortgage Property Taxes Insurance Business 393

Housing Wire

APRIL 7, 2022

Before you do anything, you should ask your underwriter whether they will insure RON closings at all. If they do insure them, they will vet and approve your RON vendor. Designate a subject matter expert on all things RON. This person should immerse themselves in the constant developments of RON in the industry.

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Law Technology Insurance Agents 364