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Severe storm fallout could destabilize the intersection of mortgage and insurance

Housing Wire

The home insurance marketplace has been facing a reckoning. With the death toll from Helene crossing the grim milestone of 230 this week — and with thousands of impacted homes without flood insurance wiped away — this could lead to a ripple effect that drives homeowners insurance premiums even higher.

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HECM study assesses financial impacts of program over 20 years

Housing Wire

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. The average loss for each loan originated in 2007 was estimated to be $37,300, or a total loss of about $2.5

Insurance 446
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FHA Commissioner on the MMI fund capital ratio growth to 6.1%

Housing Wire

The Federal Housing Administration ’s flagship Mutual Mortgage Insurance (MMI) Fund is in the best condition since before the financial crisis with a combined capital ratio for FY 2020 at 6.1% – only.3% 3% away from levels seen in 2007. At the time, there was speculation of HUD announcing a cut to FHA mortgage insurance premiums.

Insurance 434
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Opinion: Setting the record straight on mortgage pricing

Housing Wire

80% LTVs (no mortgage insurance required) and 80.01-85% 85% LTVs (with mortgage insurance) by credit score. As the FHFA pointed out, the current grids were developed some time ago and might reflect mortgage performance from a less benign economic environment than today.

Mortgage 435
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The Week Ahead: Preparing for 2025

Appraisal Buzz

Regulatory Developments: Key updates on policy changes and new regulations affecting industry compliance and operations. Department of Labor’s Unemployment Insurance Weekly Claims Report (Thursday) The post The Week Ahead: Preparing for 2025 first appeared on The MortgagePoint.

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The Week Ahead: Measuring Housing Market Dynamics

Appraisal Buzz

He joined Fitch in 2007, and has held various roles since then. As a Criteria Officer, she was responsible for the review and approval of Fitch’s rating criteria and models, and as a founding member of CRAG, she helped develop the review framework. Economic Research at Fitch Ratings, Sonola is responsible for coverage of U.S.

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Lakeview readies rare securitization backed by nonperforming mortgages

Housing Wire

The bulk of the mortgages (97%) in Lakeview’s current private-label securities (PLS) offering involve FHA-insured mortgages 90 days or more past due that have been purchased out of Ginnie Mae (GNMA) loan pools via the agency’s early buy-out, or EBO, program. trillion in 2021 vs. approximately $400 billion in 2007.”. “EBO

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