Housing Wire

NOVEMBER 11, 2021

(The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). Additionally, the administration is expanding allowable income sources for borrowers “consistent with the criteria for income and property valuations used in real-estate mortgage financing.”

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Finance Valuation Insurance Lending 450

Housing Wire

AUGUST 29, 2023

It is with deep concern that we note the Justice Department’s decision to reference this distressing historical event in its complaint against our bank, established a mere 25 years ago,” the bank said in a statement. regulators are active in investigating redlining cases.

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Advertising Investing Insurance Mortgage 370

Housing Wire

APRIL 1, 2024

There’s a lot more capital in the picture — in particular, insurance capital — which needs the rating for them to buy the bond,” Matthews said. “So, To put a sense of scale on that, insurance capital is about $8 trillion, and about half of that goes into the bond world.” So, the rating just opens up this massive world.

Finance 441

Finance Investing Real Estate Agent Real Estate 441

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 421

Housing Wire

SEPTEMBER 15, 2023

FHA mortgage programs The Federal Housing Administration (FHA) provides easy-to-qualify government insured loans. Ask your professional loan originator for the details and refer your clients to someone who specializes in these programs. You all know people who can benefit from these programs. VA loans have no down payment requirement.

Real Estate 421

Real Estate Government Law Buyers 421

Housing Wire

FEBRUARY 20, 2024

Industry overview Mark Goodman is a senior home inspector and territory manager for BPG Inspections , which is owned by title insurer Fidelity National Financial Inc. And I’ll tell the insurance carrier, ‘You’ve got to pay this one.’” Binney said.

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Inspection Real Estate Agent Real Estate Insurance 410

Housing Wire

OCTOBER 1, 2021

Since 2010, around 10% of borrowers with more than 120 days in delinquency were referred to foreclosure, regardless of their equity. Meanwhile, 5% remain in loss mitigation, and 3% are delinquent or referred to foreclosure. The number of active forbearance loans fell below 1.6

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Mortgage Insurance Government Inventory 295

Housing Wire

FEBRUARY 19, 2024

That’s because the unpaid loan balance continues to grow for delinquent mortgages due to unpaid interest, property taxes and insurance. But increasing home prices, on their own, are often not enough to increase home equity for distressed homeowners.

Real Estate 441

Real Estate Property Taxes Insurance Government 441

Housing Wire

FEBRUARY 16, 2022

The following are some helpful suggestions for vetting a private money lender: Request a list of references for other real estate investors who have recently completed transactions with the lender. Even if a mortgage broker or conventional lender is unable to fund the transaction, they might be able to refer.

Real Estate 384

Real Estate Investing Investors Renovations 384

Housing Wire

APRIL 30, 2024

Last month, the Biden Administration announced the revival of a previously abandoned pilot program that would waive the requirement for lender’s title insurance on certain home refinances – part of a misdirected effort to address housing affordability. Title insurance is significantly different from other lines of insurance.

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Insurance Investing Government Sellers 369

Housing Wire

AUGUST 23, 2023

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. We partner with best-in-class agents, insurance companies and title companies.

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Realtors Technology Insurance Mortgage 370

Housing Wire

MARCH 6, 2024

Low issuance is caused by higher interest rates, resulting in lower Principal Limit Factors (PLFs), combined with the high upfront Mortgage Insurance Premium (MIP),” Kelly explained. Until the upfront MIP is restructured, it will keep origination volume down. Most industry growth must come from proprietary loans.”

Mortgage 440

Mortgage Marketing Insurance Sellers 440

Housing Wire

OCTOBER 30, 2020

Note, an “extremely white” ZIP code refers to a ZIP code in which 70% or more of the residents were White Non-Hispanic, according to Census data. “Extremely non-white” ZIP code refers to a ZIP code in which 70% or more of the residents were non-white. Homes that were for sale in Baltimore and Baltimore County on June 11, 2020.

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Brokerage Sellers Buyers Agents 545

Housing Wire

APRIL 12, 2022

In return, the Samson agent is asked – not told, asked – to refer clients to Cardinal Title Group , a title insurer wholly owned by Samson. “I Occasionally, particularly in a high-demand market, the listing agent can leverage their choice of title insurer. This is no sure thing. At my first company meeting,” Jacobs said. “I

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Housing Wire

JANUARY 5, 2024

The Federal Reserve When your clients express concern about interest rates, they’re likely referring to the larger-scale changes with long-term effects that are tied to the Federal Reserve (“The Fed”) and its monetary policy. However, there could be some fluctuations in housing expenses due to changes in taxes or insurance.

Real Estate 441

Real Estate Agents Marketing Sellers 441

Housing Wire

APRIL 10, 2023

Peter Richter: The concept of “instant title” means delivering a title commitment “instantly” upon ordering title insurance. Unlike title commitment turn time — what some in the market are referring to as “instant title” — a title check’s insights can take days or even weeks off the transaction timeline.

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Technology Insurance Mortgage Real Estate 384

Housing Wire

JUNE 17, 2021

Additionally, HomeBinder creates a unique collaboration amongst the various professionals that regularly interact with homebuyers, from the real estate agent to the home inspector, to the home insurer and beyond. The HomeBinder platform is only available from the lender or other industry providers, creating a sense of exclusivity.

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Clients Real Estate Agent Marketing Real Estate 399

Housing Wire

AUGUST 6, 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. Stay tuned for updates. Migrating to the cloud is an increasingly common practice for financial institutions. But with that migration comes increased risk.

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Design Insurance Real Estate Technology 432

Housing Wire

MARCH 4, 2022

Fannie Mae this week completed its first credit insurance risk transfer (CIRT) deal of the year as part of the agency’s ongoing efforts to share mortgage risk with the private sector. . The deal transferred millions of dollars of credit risk to a group of 22 private insurers and reinsurers. That credit risk is tied to a $26.1

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Insurance Real Estate Mortgage Finance 421

Housing Wire

AUGUST 5, 2022

Some of the nearly 360 comments came in late on Thursday, a day before the deadline imposed by the Office of the Comptroller of the Currency , the Federal Reserve and the Federal Deposit Insurance Corporation. Those agencies oversee banks, and are tasked with ensuring banks do not redline , by enforcing the Community Reinvestment Act.

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Lending Development Mortgage Retail 421

Housing Wire

JUNE 13, 2022

Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $725 million in mortgage-risk coverage as part of the agency’s ongoing effort to share risk with private-sector insurers. billion of insurance coverage on $675.9 If that $106.3

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Insurance Mortgage Design Finance 384

Appraiserblogs

MAY 15, 2023

CU-2)i this always dubious product of Fannie Mae is increasingly being referred to by some, if not many American Appraisers as The Fraudulator / Underwriter 2.0 (FU-2). Originally known as Fannie Mae’s Collateral Underwriter (CU), and subsequently Collateral Underwriter 2.0 (CU-2)i

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Valuation Property Appraisal Lending Appraisal 138

Housing Wire

OCTOBER 9, 2023

AI-generated image of two lawyers scrutinizing title insurance joint venture agreements. First, certain disclosures must be made to the consumers who are being referred. And third, the only thing of value that the referring party may receive is a return on an ownership interest. Image was created using MidJourney.

Real Estate 441

Real Estate Insurance Brokerage Real Estate Agent 441

Housing Wire

MARCH 22, 2022

On the heels of completing its first credit insurance risk transfer (CIRT) deal of the year in early March, Fannie Mae has announced that it has executed two additional CIRT deals. . billion of mortgage credit risk to private insurers and reinsurers. “We billion reference pool of single-family mortgages. If that $65.3

Insurance 370

Insurance Mortgage Real Estate Investors 370

Housing Wire

OCTOBER 5, 2023

In fact, for the latter product, also referred to as home equity investments (HEIs) or home equity agreements (HEAs), the market is poised to expand even further. The fact that we now have investment-grade rated securitizations here will bring in more investors, like insurance companies, and our cost of capital will go down.

Housing Market 421

Housing Market Marketing Contracts Finance 421

Raleigh Realty

AUGUST 10, 2021

There are a number of different risk factors associated with the disease, the most common being age, but can also include genetics, family history, and other risk factors such as traumatic brain injuries also referred to as TBI’s. Social Security Disability Insurance (SSDI) - Provides workers younger than 65 with Social Security Disability.

Insurance 78

Insurance Real Estate Government Real Estate Agent 78

GoForrmz

AUGUST 25, 2021

With digital forms, you can easily collect necessary new hire information and store digital data instantaneously for easy-to-reference information. Access to information instantaneously Immediate access to submitted new hire paperwork like I-9’s, W-4’s, insurance documents, training and more, allows for faster processing and onboarding.

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Training Insurance Tools Development 155

Housing Wire

FEBRUARY 7, 2024

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

Retail 450

Retail Project Management Insurance Landlords 450

Cleveland Appraisal Blog

OCTOBER 29, 2021

The use of the word “home” in this article, is referring to the property “improvements”) There are several data sources that appraisers use to obtain this information. All Mortgages to be insured under Section 223(e) must be submitted to the Jurisdictional HOC for prior approval.” Here’s one way.

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Appraisal Development Finance Lending 365

McKissock

NOVEMBER 15, 2022

D o notify your E&O insurance carrier right away. You can ask your E&O insurance carrier or your professional associations to refer you to an attorney who’s familiar with the appraisal complaint process. You certainly don’t want to ignore the complaint. Make sure you hire competent counsel.

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Appraisal Property Appraisal Real Property Insurance 80

Housing Wire

NOVEMBER 9, 2020

In business, kaizen refers to activities that continuously improve all functions and involve all employees from the top down. In 2017, the associations collaborated to create standard legislation that is safe for consumers, ensures the transaction can be insurable and is technology neutral.

Law 441

Law Legal Technology Real Estate 441

GoForrmz

JULY 20, 2022

Better yet, the trainer can draw on the Image on the digital form to take notes for the trainer or athlete to look back on for reference. By the end of the athlete’s treatment, they are now equipped with a thorough report of visual aid and digital data to reference for medical history.

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Technology Insurance Business 78

Assurance Financial

APRIL 29, 2021

The first number refers to the length of the introductory period, while the second is how often the rate can adjust. A base rate is the interest rate used as a reference point when setting the rate for an ARM or another loan with a variable rate. Homeowners Insurance. Insurance also protects you against theft. Base Rate.

Mortgage 69

Mortgage Insurance Sellers Inspection 69

Housing Wire

MARCH 7, 2024

The White House also pointed out last year’s reduction to the mortgage insurance premium (MIP) for Federal Housing Administration (FHA) mortgages, which save “an estimated 850,000 homebuyers and homeowners an estimated $800 per year.” It is also wary of some of the proposals.

Construction 534

Construction Renovations Insurance Landlords 534

Eppraisal

JULY 8, 2022

2) Provides insurance policies to protect the lender and the homeowner. After all these components are searched and examined, a title insurance policy is issued. As a buyer, you don't want to purchase a home that has what the industry refers to as "clouds on the title." " Where are Title Companies Used?

Insurance 36

Insurance Real Estate Home Value Buyers 36

McKissock

JULY 26, 2022

Property insurance. If you do not feel comfortable in this role, you may ask a buyer if they would like to be referred to another agent. Availability of property insurance. Factors to consider include: Comparable properties. Number of days on market. Closing dates. Requests to sellers to pay closing costs. Repairs (if any).

Real Estate 81

Real Estate Counter Offer Buyers Inspection 81

Appraisal Today

JULY 14, 2023

Most, including Bill Gates’ mansion is across Lake Washington from Seattle. == Three Dangerous Insurance Mistakes Appraisers Should Avoid by Isaac Peck, Senior Broker at www.OREP.org 1. Appraiser E&O insurance is written on a “Claims Made” basis. I still hear from appraisers who let their insurance lapse.

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Tools Appraisal Insurance Contracts 77