Housing Wire

JANUARY 18, 2023

Unlike HELOCs, reverse mortgages and jumbo reverse mortgages are designed specifically to help seniors manage their cash flow. They also offer senior homeowners more flexibility – most notably, through optional monthly mortgage payments 1. And with a HECM, seniors cannot be locked into any possible payment spikes.

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Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

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Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. The home-only lending market presents several major opportunities.

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Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. Lunch & Learn: Should there be a 40 year mortgage? Should there be a 40 year mortgage option for all homebuyers? Presented by: Stavvy.

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Insurance Mortgage Realtors Housing Market 421

Housing Wire

MAY 17, 2021

“While the COVID-19 pandemic presented a number of obstacles to essential tasks such as executing wills, completing financial documents, buying or selling a home, or purchasing or selling a car online, many states demonstrated how to effectively deploy this type of technology to meet the needs of Americans.” million in the U.S. –

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Housing Wire

MARCH 17, 2021

WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services. Presented by: Auction.com. “Offering customizable solutions for all our clients is key to this effort, regardless of their size.

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Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. According to Kris Kully, an attorney at Mayer Brown , the notice will affect mortgage lenders because many of the underwriting systems lenders use to measure default risk contain proprietary algorithms, or “black-box models.” Presented by: Mortgage Coach.

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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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Housing Wire

AUGUST 2, 2021

Head of Product and Design. Freedom Mortgage. Mortgage Investors Group. Atlantic Bay Mortgage Group. Mortgage Connect. MISMO; Mortgage Bankers Association. United Wholesale Mortgage. Association of Independent Mortgage Experts. Academy Mortgage Corporation. Movement Mortgage.

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Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. E-mortgage volume spikes. During the first six months of 2020, the Federal Housing Finance Agency reported that the volume of e-mortgages purchased by Fannie Mae and Freddie Mac spiked significantly.

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Law Legal Technology Real Estate 441

Housing Wire

AUGUST 30, 2021

Like every industry, the real estate profession grappled with doing business during the pandemic – not just for the sake of doing business, but for the unnerved consumers trying to navigate the home-buying process during an alarming present and an uncertain future. The first title insurance policy was issued in 1876.

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D Fritz Appraisals

OCTOBER 11, 2022

They are also used to assess the value of the home for home improvement loans and insurance evaluations. Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Mortgage financing and refinancing. Estate settlements.

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Housing Wire

SEPTEMBER 20, 2021

Radian Group recently announced the launching of its title insurance and closing services platform, titlegenius, in Arizona, California, Nevada, Ohio and Pennsylvania. The mortgage insurance and real estate services company first introduced titlegenius in Florida this past May. Presented by: FundingShield.

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Insurance Brokerage Real Estate Technology 342

Housing Wire

FEBRUARY 1, 2024

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. The evolving landscape The overall landscape of the reverse mortgage market is subject to change despite the reviewers’ attention to detail and sound predictions, the report said.

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AmeriMac

MAY 15, 2024

We will also discuss the key differences between relocation appraisals and mortgage appraisals to provide a comprehensive understanding of the appraisal process. Unlike a traditional mortgage appraisal that determines the market value of a property, a relocation appraisal focuses on estimating the sales price through prospective analysis.

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McKissock

JANUARY 6, 2023

You should also consider non-QM lenders (non-qualified mortgage lenders). Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs.

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Appraisal Today

MARCH 15, 2024

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. Kiedrowski The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals. Mortgage rates were 18%+.

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Appraisal Today

JUNE 16, 2023

(Freddie Mac Announcement: “Loan Collateral Advisor: Starting June 29 New Messages Alert Users to Certain Unacceptable Appraisal Practices,” April 28, 2023) To read, click here So, if we have the technology and tools to present our conclusions in clearer, fact-based ways, let’s get ahead of the program and make the changes proactively.

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Housing Wire

SEPTEMBER 22, 2022

Fannie Mae has finalized its ninth Credit Insurance Risk Transfer (CIRT) transaction of the year, transferring some $700 million of mortgage credit risk to private insurers and reinsurers, the agency announced. The deal, CIRT 2022-9, involves a covered loan pool of 69,000 single-family mortgages valued at $21 billion.

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Housing Wire

APRIL 23, 2024

Three of the biggest topics in housing right now are mortgage rate movements tied to Federal Reserve policymaking, the day-to-day moves in key housing data and forward-looking trends for the housing market. So, if all of you are looking for a sustained lower move in mortgage rates, that’s what you’re going to see.”

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Inventory Housing Market Sellers Marketing 460

Listing Spark

AUGUST 17, 2023

The FHA has insured over nine million mortgages since 2009 , and as home prices have climbed higher than ever in the past three years, many prospective homeowners are turning to FHA loans due to the increased assistance and down payment requirements. Later in this article, we’ll explore some potential approaches in more detail.

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Housing Wire

JULY 22, 2022

Fannie Mae has executed two new Credit Insurance Risk Transfer (CIRT) deals — the seventh and eighth of 2022 — dubbed CIRT 2022-7 and CIRT 2022-8. The two transactions convey a combined $1 billion in mortgage credit risk to private insurers and re-insurers as part of the agency’s ongoing effort to share risk with the private sector.

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Insurance Mortgage Design Marketing 366

Housing Wire

APRIL 14, 2021

Mortgage lenders had no choice but to throw money at this problem, which is neither sustainable nor profitable. Now, as the volume slacks, mortgage lenders are reassessing their cost structure. Based on 2020, many mortgage lenders are now exploring technology. RPAs are rigid and designed to handle repeatable tasks.

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Technology Development Mortgage Design 384

Housing Wire

SEPTEMBER 21, 2023

We have tools where AI is very useful, like our lead generation products and lead nurturing where you detect buying signals and filter through a lot of noise, and then present that to agents. Our Boost product, for example, is designed to help agents with lead generation. So all of it is going to look and feel the same.

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Technology Real Estate Agents Design 399

Housing Wire

MARCH 15, 2021

The creation of the Home Mortgage Disclosure Act (HMDA) in 1975 required lenders to track and report loan-level data to the Consumer Financial Protection Bureau (CFPB) in an effort to reduce redlining, and finally, in 1988, amendments made to the Fair Housing Act of 1968 deemed it illegal. Presented by: Ylopo. Per Redfin, 58.1%

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Real Estate Agent Real Estate Lending Design 331

Will Springer Realtor

NOVEMBER 7, 2023

Here are a few: VA Loan – It starts with the VA mortgage loan program from the U.S. The government-backed initiative is designed to provide eligible veterans, active-duty service members and some members of the National Guard and Reserves with access to affordable home financing. Department of Veterans Affairs.

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Finance Government Buyers Mortgage 58

Housing Wire

FEBRUARY 15, 2022

government, insurance companies and financial institutions as well as asset-backed security issuances and transactions in the private-label residential mortgage-backed securities (MBS) sector. The SEC report also examines market-share information for residential mortgage-backed securities, or MBS. billion — or 68.1%

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Law Mortgage Marketing Design 358

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. Matt Einheber is the driving force behind TitleEQ, a settlement services agency serving clients nationwide, and TitleBox, the developer of technology designed to streamline the settlement process.

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Brokerage Real Estate Development Investors 409

AmeriMac

MARCH 29, 2024

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan.

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Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Realvals

JUNE 18, 2023

One, as way to know the value before making an offer, and two, for the mortgage process after making an offer. Mortgage lenders require an appraisal as part of the loan application process. Unless you are paying all cash, it will be difficult to get a mortgage and finalize your home purchase without an appraisal.

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Appraisal Property Taxes Real Estate Market Value 145

Assurance Financial

JULY 23, 2021

How to Get a Mortgage Loan. If you’re going to finance your home purchase, one of the first things to do is figure out how to get a mortgage. You might have heard that getting a mortgage is a long and complicated process, with plenty of twists and turns along the way. 10 Steps to Get a Mortgage Loan.

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Mortgage Real Estate Agent Government Loan Officers 74

Appraisal Today

OCTOBER 21, 2022

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. NOTE: Please scroll down to read the other topics in this long blog post on retirement, liability, ADUs, appraiser cartoon, real estate market, Appraisal business, unusual homes, mortgage origination stats, etc. ==.

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Appraisal Marketing Contracts Insurance 52

Appraisal Today

FEBRUARY 9, 2024

Appraisers Riding the Waves of Up and Down Mortgage Rates Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Common fears are that their insurer will increase their premium or decline to renew their policy.

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Appraisal Contracts Insurance Construction 79

Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. August 9, 2023) — Mortgage applications decreased 3.1

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Appraisal Contracts Real Estate Agent Mortgage 74

Will Springer Realtor

APRIL 10, 2024

Climate-resilient housing, which is designed and constructed to withstand and adapt to the impacts of climate change, is increasingly recognized as a critical priority for our region. INSURANCE FOLLOW-UP The top item in last month’s newsletter struck a chord with readers. The average mortgage holder paid $4.90 King ranked No.

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Real Estate Buyers Sellers Insurance 36

Appraisal Today

SEPTEMBER 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on AMCs, appraisal business, real estate market, unusual homes, mortgage origination stats, etc. =. Architect Adam Dayem designed the unique 2,500-square-foot residence, which was completed in 2017 after several years of construction. 2,500 sq.ft.,

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Appraisal Construction Contracts Insurance 52

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.

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Insurance Inspection Contracts Buyers 364