Housing Wire

MARCH 5, 2024

The third provision is an extension of the support from the Federal Financing Bank (FFB) for “a risk-sharing initiative between the U.S. Department of Housing and Urban Development (HUD) and state and local housing finance agencies,” according to the announcement.

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Insurance Construction Government Design 454

Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

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Business Investors Finance Home Improvement 400

Housing Wire

JUNE 30, 2023

The goal of the increase is to “enable a greater number of transactions to use standard underwriting processes when submitted for FHA Multifamily insurance,” the agency said. Anything we can do to prudently alleviate extra steps in obtaining FHA insurance will help all of us meet the housing supply challenges before us.”

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Insurance Development Design Finance 380

Housing Wire

SEPTEMBER 10, 2022

The loan program uses credit guidelines based on factors such as timely rent, utility bill, phone, and auto insurance payments. In December, the Department of Housing and Urban Development released guidance that SPCPs would not violate the Fair Housing Act, which has long discouraged creditors from developing programs.

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Development Insurance Finance Government 421

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. But she quickly realized it is facing real challenges, and she began asking why it has not grown and developed to a place it could be. “I

Mortgage 421

Mortgage Finance Insurance Tools 421

Housing Wire

APRIL 14, 2023

Nearly 12 months have passed since Fannie Mae first announced it would in limited circumstances be accepting attorney opinion letters in lieu of title insurance. We will continue to share our concerns about Fannie Mae moving beyond its mission and into the business of title insurance.

Insurance 369

Insurance Government Real Estate Finance 369

Housing Wire

SEPTEMBER 11, 2023

Lesley Alli and Andrew Greenberg both joined NMI Holdings to serve as senior vice presidents, announced the parent company of National Mortgage Insurance Corporation Monday in a statement.

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Investors Insurance Finance Government 360

Lamacchia Realty

FEBRUARY 22, 2023

The Department of Housing and Urban Development announced the reduction of the FHA Mortgage Insurance Premium (MIP) today. The down payment hasn’t changed but the cost of the monthly mortgage insurance has decreased putting more money back in the homeowners’ pockets, making homeownership more affordable. to $176.92.

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Insurance Development Buyers Realty 60

Housing Wire

DECEMBER 14, 2022

Mortgage Industry Standards Maintenance Organization (MISMO), the organization tasked with developing standards for the mortgage finance industry, appointed vice president of operations Jan Davis as its acting president. Mortgage Insurers (USMI) as its president in 2023.

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Development Insurance Finance Mortgage 348

Housing Wire

FEBRUARY 2, 2024

It wants smaller loan originators, credit unions and others “to offer FHA-insured loan products in branch offices that they did not previously register due to business volume considerations, thus expanding the availability of FHA programs to underserved communities,” the notice said.

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Mortgage Finance Insurance Lending 435

Housing Wire

JULY 17, 2023

The continuous development of loss mitigation tools and practices in the mortgage industry will play an essential part in preventing future foreclosures, but additional safety nets — particularly for those mortgage customers who belong to historically disadvantaged populations — will play a critical role in thinning the racial wealth gap.

Mortgage 354

Mortgage Tools Insurance Development 354

Housing Wire

NOVEMBER 16, 2021

Soon after the Department of Housing and Urban Development released its Mutual Mortgage Insurance fund report, housing finance and policy experts opined on whether the Federal Housing Administration (FHA) should lower the fees it charges borrowers. In March, HUD Sec. This content is exclusively for HW+ members.

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Insurance Mortgage Finance Development 422

Housing Wire

SEPTEMBER 25, 2023

Just weeks after New York-based digital lender Better Home & Finance Holding went public , Better issued pink slips to employees in early September in a new round of layoffs, Insider reported. For things like homeowner’s insurance, title insurance, and Realtors, we’ve now just become a marketplace.

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Insurance Technology Finance Mortgage 416

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided.

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Brokerage Mortgage Development Insurance 376

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. Another area of focus for the administration is improving its financing for manufactured housing.

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Renovations Finance Insurance Transportation 344

Housing Wire

AUGUST 10, 2023

Increasing wildfire risk resulting from climate change is a growing problem for insurers and homebuyers in affected areas, particularly California, according to a new report from data provider CoreLogic. CoreLogic said insurers’ models should account for the current risk landscape, including climate change considerations.

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Insurance Construction Realtors Development 336

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

Real Estate 467

Real Estate Insurance Lending Retail 467

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

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Tools Mortgage Finance Lending 389

Housing Wire

APRIL 19, 2022

Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. The Department of Housing and Urban Development said that the implementation of such an option could prevent “several thousand borrowers a year from foreclosure.”

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Insurance Development Mortgage Government 496

Housing Wire

MARCH 17, 2023

Future development projects will follow this collaborative approach with our clients and strategic partners. The Georgia-based tech firm provides automated underwriting for 40 lenders, including American Pacific Mortgage , American Financial Network , American Financing , Alcova , Florida-based FBC Mortgage and Homestar.

Mortgage 342

Mortgage Clients Technology Development 342

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. That also extends to internal educational development to inform more people at the bank about reverse mortgages, he said. “In

Mortgage 418

Mortgage Lending Loan Officers Design 418

Housing Wire

JULY 12, 2023

Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined Movement as national sales director. mortgage lender in the first quarter of 2023, per Inside Mortgage Finance (IMF) estimates. division, to Summit. The company originated $4.1

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Retail Development Finance Lending 370

Housing Wire

JANUARY 10, 2023

It resulted from a big decline in mortgage banking, title insurance revenues and an impairment related to the Title365 segment. . workforce by 28%, including research and development, sales, marketing, general and administrative functions. Amid a rapidly shrinking mortgage market, the company reported a loss of $133.98

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Legal Finance Insurance Mortgage 414

Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. Department of Housing and Urban Development (HUD) in August 2022.

Renovations 354

Renovations Buyers Development Insurance 354

Housing Wire

FEBRUARY 29, 2024

Retirement in America is still centered on work, which differs from other well-developed nations in the Western world, Ghilarducci said. We need to make it first-payer so that employers [who have] older worker[s can make] their health care insurance a lot cheaper. We need comprehensive retirement reform.”

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Insurance Finance Development Technology 358

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. These clients are typically low on funds, which is why they need this type of financing. Potter added: “Government lending would come to a halt.

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Agents Sellers Buyers Finance 456

Housing Wire

FEBRUARY 19, 2021

Title insurance upstart States Title announced this week $150 million in debt financing from HSCM Bermuda , which will go towards developing a more modern home closing experience. The debt financing will go towards product development, investment in go-to-market growth, and the refinance of debt to Lennar Corp.,

Finance 239

Finance Insurance Technology Modernization 239

Housing Wire

APRIL 29, 2024

Department of Housing and Urban Development (HUD)-approved counseling prior to closing the loan. The office then reiterated some of the potential reverse mortgage use cases outlined in guidance from the Consumer Financial Protection Bureau (CFPB), including the requirement to complete U.S.

Mortgage 390

Mortgage Property Taxes Design Insurance 390

Housing Wire

NOVEMBER 11, 2021

In September, Biden’s administration also called on state and local governments to “reduce zoning and financing barriers to these kinds of housing – housing that allows families to achieve homeownership and build wealth.”.

Finance 450

Finance Valuation Insurance Lending 450

Housing Wire

OCTOBER 11, 2023

As professionals are underwriting loans, servicing them or investing in loan portfolios, there is a big increase in the price of homeowners insurance ,” Gallagher highlighted. “And Loan servicers can use predictive analytics that map natural disasters to prepare for a wave of mortgage delinquencies after a natural disaster strikes. “As

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Real Estate Insurance Investors Law 428

Housing Wire

AUGUST 23, 2022

The Federal Housing Finance Agency (FHFA) on Tuesday announced its plan to establish a federal advisory committee on affordable, equitable, and sustainable housing. The FHFA is seeking members who have a background in financing, development, and/or administrative work related to the government sponsored entities and the FHLBs.

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Finance Lending Insurance Government 370

Housing Wire

NOVEMBER 18, 2022

31, 2022, the Federal Housing Finance Agency (FHFA) announced that it would conduct a comprehensive review of the Federal Home Loan Bank (FHLB) system. The fundamental purpose of the Federal Home Loan Bank System is housing finance. savings and loan associations, savings banks, and cooperative banks) and insurance companies.

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Legal Law Insurance Finance 320

Housing Wire

JUNE 1, 2023

The agencies involved include the Federal Housing Finance Agency ; the Consumer Financial Protection Bureau ; the National Credit Union Administration ; the Federal Deposit Insurance Corporation ; the U.S. 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 380

Housing Wire

OCTOBER 28, 2022

Speakers: Haley Parker, Area Business Development Manager, Fairway Independent Mortgage Corporation Arjun Dhingra, Sales and Business Development, All Western Mortgage Doug Wilber, CEO, Denim Social Chelsea Peitz, Founder, Chelsea Peitz Consulting. 02 HWA The Remix: Westwood Insurance Agency. 02 Regulatory Super Session.

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Lending Development Finance Technology 391

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 325

Housing Wire

JULY 18, 2022

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. based consultancy Potomac Partners , which specializes in the mortgage finance industry. “To The FHA’s Mutual Mortgage Insurance fund, meanwhile, is in stellar shape.

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Insurance Transportation Mortgage Government 439

Housing Wire

MARCH 27, 2023

The title insurance industry continued to pay out claims, many fraud-related, despite a severe recession. According to Politico , Fannie Mae would waive title insurance requirements for certain transactions under the pilot program. This is because title insurance provides the most comprehensive protection of property rights.

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Insurance Government Home Value Real Estate 293