Housing Wire

SEPTEMBER 7, 2022

A staggering drop in mortgage applications. Falling stocks and layoffs making headlines for mortgage giants across the industry. The entire mortgage market is in flux like few times in history. That’s why, today, the future of mortgage companies isn’t in mortgages at all. Why insurance? Fast-rising rates.

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Housing Wire

OCTOBER 18, 2023

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra expects that servicing rulemaking will be issued in the coming months modeled on the lessons learned through the COVID-19 pandemic. ” Chopra spoke during the Mortgage Bankers Association (MBA) Annual Conference held Oct. 14-17 in Philadelphia.

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Housing Wire

FEBRUARY 23, 2023

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies.

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Housing Wire

FEBRUARY 14, 2024

Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. In a HousingWire report , analyst firm Jeffries said that they believe the worst of the current mortgage cycle is behind us, and Moody’s forecasts that the Federal Reserve will decrease rates three or four times this year.

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Housing Wire

NOVEMBER 10, 2021

The federal government’s top regulators announced Wednesday that they are collectively resuming mortgage servicing supervisory and enforcement practices in full, ending certain flexibilities it offered mortgage servicers at the onset of the Covid-19 pandemic. Compliance as a Competitive Edge in a Purchase Market.

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Housing Wire

MAY 17, 2022

The rise in mortgage-related fraud over the past three years was largely due to a surge in online and mobile-only mortgage transactions. The report surveyed 360 risk and fraud executives to analyze fraud trends in the mortgage originator, services, title and settlement markets. Every $1 of fraud costs them $5.34

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Housing Wire

AUGUST 2, 2022

Learn what lenders can do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option. Foreclosure is the most expensive thing that can occur during a mortgage,” said Alexandrov. “ Presented by: Altisource.

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Housing Wire

FEBRUARY 14, 2023

Managing a profitable mortgage business can be challenging in the best of markets. Mortgage servicing rights (MSRs) are valuable assets for mortgage lenders when origination business is slow. But lenders must also consider mortgage originator’s loan product innovation. of all mortgage applications.

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Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. We haven’t seen any real data based on the conversation that it is going to save money.

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Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

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Housing Wire

MAY 26, 2021

If you have any mortgage servicing rights you’re looking to offload, you may want to give Ocwen Financial a call. A few weeks after striking a deal to buy $14 billion of mortgage servicing rights from Texas Capital Bank , a subsidiary of Ocwen has agreed to buy $48.3 billion of conventional MSR from AmeriHome Mortgage.

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Housing Wire

SEPTEMBER 16, 2021

At Mayer Brown, Kully advises clients in the consumer financial services and real estate settlement services industries in connection with federal and state consumer protection, licensing, and practice requirements. Kris Kully: I have been following the trending innovations in the mortgage origination process.

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Housing Wire

AUGUST 22, 2023

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). the trade groups state. Department of the Treasury ; and the Federal Reserve System.

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Housing Wire

JULY 19, 2022

Fannie Mae and Freddie Mac ’s regulator imagines a future where, perhaps through artificial intelligence and machine learning, errors in mortgages are identified in real time before a loan is closed. billion five years ago, per the Federal Housing Finance Agency — closing a mortgage loan has since gotten more expensive, not less.

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Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Consumer loans such as mortgages and other financial documents require notarization. insurance companies, including home and auto providers.

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Business Law Real Estate Investors 479

Housing Wire

MAY 27, 2022

All lenders must explain their rationale when denying credit to loan applicants, the Consumer Financial Protection Bureau affirmed Thursday, after looking into whether companies claiming exemption because they rely on “complex algorithms” were in violation of federal anti-discrimination law. Presented by: Mortgage Coach.

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Housing Wire

APRIL 18, 2023

While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.

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Housing Wire

FEBRUARY 9, 2021

Diversification is one approach brokerages can adopt to help ensure stability in unavoidable times of uncertainty, work to protect their revenue and – ultimately – financially weatherproof their business. Presented by: Motto Mortgage. Know your customer in order to deliver real value. Making outbound calls to solicit a listing?

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Lamacchia Realty

MAY 9, 2023

The actual down payment can vary anywhere from 3% down up to 20% or more depending on what program or type of mortgage loan the buyer chooses. A good attorney will make sure that all of the legal documentation is clear and correct, that all of the bases have been covered, and things that can help protect you are in place.

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Housing Wire

APRIL 29, 2021

Investors are returning to the space with more confidence, and new investors like private equities and insurance companies are showing interest. The issuance of the Revised Qualified Mortgage Rule by the Consumer Financial Protection Bureau could expand funding options for non-QM borrowers. Evolving market conditions.

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Assurance Financial

MAY 5, 2022

Obtaining a mortgage is a big step, and you likely have many questions. One important thing you will need to know is how much of a mortgage you can afford based on your income. You can use a few different guidelines to discover what percent of your net income should go toward mortgage payments each month. Loan interest.

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Lamacchia Realty

MAY 14, 2021

FLORIDA HOME INSURANCE. Even if the home is in great condition at the time of purchase, it’s essential to protect yourself against future unexpected expenses. Even if the home is in great condition at the time of purchase, it’s essential to protect yourself against future unexpected expenses. What is Home Insurance?

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PennyMac

MARCH 4, 2024

If you’re like most people embarking on a home-buying journey, one of your first steps will be finding a mortgage lender. A good mortgage lender is a valuable resource and can make the home-buying process easier and less stressful. Mortgage brokers. When comparing lenders, it’s worth taking your time and choosing carefully.

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Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” We learned the hard way—after it was already a done deal. You’re on the hook for mortgage insurance for the life of the loan. ” I asked. “What’s that?”

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McKissock

JANUARY 7, 2022

AO-16 states, in part: Fair housing law(s) preclude the use of certain specific information or supported conclusions related to protected group(s) in some assignments. ” Read Mortgagee Letter 2021-27 to learn about the specific changes. The post 3 Resources to Help Reduce Appraisal Bias appeared first on McKissock Learning.

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McKissock

SEPTEMBER 20, 2021

To protect your clients’ interests, and reduce your own risk exposure, check out our highly-rated course, Know the Code: Your Guide to the Code of Ethics. Keep reading to learn how to improve real estate risk management, and avoid getting into trouble with the law, by putting your clients’ interests first.

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Eppraisal

OCTOBER 23, 2023

The other party has no obligation to respond to you, but your real estate agent can reach out to learn their motivation for declining your proposal. Secure a Mortgage Present your home purchase agreement with your chosen lender and submit the other requirements for review. The seller can pick a different one.

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McKissock

OCTOBER 23, 2020

How are divorce appraisals different from standard mortgage lending appraisals? If a junior lien holder or underlying fee owner asks the court to set a minimum bid that would protect them from loss in the senior lien foreclosure, the court may require an appraiser to assist in setting the minimum bid price. Learn more.

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Appraisal Insurance Legal Development 77

PennyMac

JULY 25, 2022

Today, we want to take a closer look at two of the most commonly purchased mortgage types: conventional loans and FHA loans. Conventional loans by definition are loans that are not backed or insured by any government entity. When you take out a conventional mortgage, the bank or other lender buys the property on your behalf.

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McKissock

APRIL 3, 2022

Fortunately, blockchain technology is ushering in a new era of secure digital real estate trading which is capable of cutting out the likes of lawyers and bankers from your deal-making via platforms that essentially automate and protect all these processes for you. Real Estate Smart Contracts. How Buyers Can Use Bitcoin to Buy Real Estate.

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Real Estate Real Estate Agent Technology Contracts 73

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. Mortgage rates weren’t wildly different in ’09 compared to today. That process can take time. “If

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Eppraisal

JANUARY 23, 2024

There's just so much to learn and manage when you're not familiar with the nuances of homeownership.  Other lending scams include interest rate offers much lower than average and monthly mortgage payment scams. Tips for Avoiding Homeownership Scams Protecting yourself as a new homeowner has never been more critical.

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Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Adjustable-Rate Mortgage (ARM). Amortization. Annual Percentage Rate (APR).

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Mortgage Insurance Sellers Inspection 69

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” We learned the hard way—after it was already a done deal. You’re on the hook for mortgage insurance for the life of the loan. ” I asked. “What’s that?”

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Inspection Insurance Buyers Renovations 78

Housing Wire

JUNE 8, 2023

Fannie Mae dropped a bomb on the title insurance industry in April 2022, when it adjusted its selling guide to allow the purchase of loans using attorney opinion letters (AOLs). We strongly believe that title insurance is, and always will be, essential,” the American Land Title Association wrote in an email to HousingWire in April 2022.

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McKissock

MAY 8, 2022

Fortunately, blockchain technology is ushering in a new era of secure digital real estate trading which is capable of cutting out the likes of lawyers and bankers from your deal-making via platforms that essentially automate and protect all these processes for you. Real Estate Smart Contracts. How Buyers Can Use Bitcoin to Buy Real Estate.

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Real Estate Real Estate Agent Technology Agents 52

Housing Wire

JULY 7, 2022

Instead, the agency will focus on better identifying mortgage-ready applicants, and helping other borrowers become mortgage-ready, said Malloy Evans, single-family senior vice president at Fannie Mae. Fannie Mae intends to learn from the lenders that have already implemented special purpose credit programs, Evans said.

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