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How will Malibu wildfire affect California homeowners insurance?

Housing Wire

Malibu’s Franklin Fire torched over 4,000 acres this week in one of the country’s most expensive housing markets, putting more pressure on homeowners insurance premiums in a state that is already facing an insurance crisis. What will happen to insurance costs in California now?

Insurance 359
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HUD outlines reverse mortgage wish list in budget proposal

Housing Wire

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. It would remove the cap on the number of HECM loans that can be insured by FHA. federal government. Within the congressional justifications for the U.S.

Mortgage 456
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Facing heat, Douglas Elliman CEO Howard Lorber is retiring

Housing Wire

Lorber has served as Douglas Elliman board chairman since 2003. Liebowitz previously founded and led businesses in the insurance and finance sectors. Long-time Douglas Elliman chairman and CEO Howard Lorber is retiring. The New York-based brokerage announced Lorber’s retirement on Tuesday. based producer of printing ink.

Brokerage 383
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HUD: A racial divide exists between FHA homeownership and rental assistance programs

Housing Wire

Department of Housing and Urban Development (HUD) have published a new report identifying the locations of people seeking Federal Housing Administration (FHA) rental and homeownership assistance programs. Researchers at the U.S.

Tenants 488
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Trade groups express concern to FHFA over historic credit data

Housing Wire

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset. FHFA’s current lack of a plan to include “through the cycle” data increases the importance of the data itself, the letter explained.

Legal 448
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The Week Ahead: Advancing the Future of Mortgage Servicing

Appraisal Buzz

Advancing Your Digital Default Servicing Strategy ” aims to enable servicers and vendors to develop a strategy for minimizing default servicing labor costs while increasing pull-through rates. in 2003—a software company that gained 60% market share of the REO asset management component of the financial services industry by 2008.

Mortgage 221
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). It was and is controversial.