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Fannie Mae transfers $771 million in credit risk to private insurers

Housing Wire

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

Insurance 448
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HUD proposes permanent program for sale of seriously delinquent mortgages 

Housing Wire

Department of Housing and Urban Development (HUD) on Wednesday proposed a new rule that would implement a permanent program to sell seriously delinquent single-family mortgages insured by the Federal Housing Administration (FHA).

Mortgage 464
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Christie’s International Real Estate welcomes new Brussels-based affiliate

Housing Wire

” Christie’s International Real Estate Belgium is the real estate arm of Hillewaere Group , a firm established in 2002 by Roel Druyts that offers real estate , insurance and mortgage lending services.

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Success Mortgage CEO nominated as MBA vice chairman

Housing Wire

Prior to co-founding SMP with his father Vincent in 2002, Lee served for five years as office manager and corporate counsel at Professional Real Estate Appraisals Inc. In addition to his role at SMP, Lee also serves as a managing member of title insurance and escrow services agency Title Partners LLC.

Mortgage 448
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Parent of National MI grows its leadership team

Housing Wire

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.

Investors 418
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FHA publishes final rule to establish permanent single-family loan sale program

Housing Wire

The Federal Housing Administration (FHA) on Wednesday published a final rule in the Federal Register, establishing a permanent program to sell seriously delinquent, FHA-insured single-family mortgages following the release of a proposal over the summer. The rule goes into effect on Jan.

Insurance 397
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Donald R. Horton, founder of the largest U.S. homebuilder, dies

Housing Wire

since 2002. Through its subsidiaries, the company offers mortgage financing, title services and insurance agency services. Over the years, he traveled extensively to its field operations, maintained a culture of family and care, and developed initiatives that focused on employees and their families, the company said. As a result, D.R.

Inventory 448