Housing Wire

MARCH 13, 2023

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , an FDIC-operated “bridge bank” meant to protect all depositors of the now shut-down Silicon Valley Bank (SVB). LendingClub’s mission is to transform the banking system.

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Housing Wire

NOVEMBER 2, 2020

There’s a growing sense that affordable housing is a stable investment class for banks and insurance companies; even in the 2008 – 2009 recession, it held up well.”. “We’re seeing statistics from our developers across the country that their portfolios are holding up well,” he said.

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Investors Transportation Property Taxes Investing 459

Housing Wire

MARCH 27, 2023

The North Carolina-based First Citizens announced on Monday an agreement with the Federal Deposit Insurance Corporation (FDIC) to acquire all of SVB’s deposits and loans that were moved to an FDIC-created bridge bank after the collapse. “We the chief executive of First Citizens, said in a statement.

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Housing Wire

JANUARY 20, 2023

Big Four title insurer Old Republic is on the lookout for a new CEO after Mark Bilbrey announced on Thursday that he would be retiring at the end of January. In 2009, Bilbrey received an Honorary Membership from ALTA. Bilbrey has served as the firm’s CEO since 2019.

Insurance 397

Insurance Investors Marketing 397

Housing Wire

JUNE 3, 2024

RMD already examined the study’s sections related to borrower trends and various program policy impacts, but the section on economic impact attempts to assess the value provided to taxpayers, as well as the HECM program’s impacts on the Federal Housing Administration ’s (FHA) Mutual Mortgage Insurance (MMI) Fund.

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Insurance Development Mortgage 445

Housing Wire

MAY 21, 2024

Lenders have rarely underwritten more than 100,000 federally insured ones in any fiscal year, and that hasn’t happened since 2009,” Lieber wrote. You generally pay off the mortgage when the home is no longer your principal residence.” But most people “reject reverse mortgages,” according to the column.

Mortgage 459

Mortgage Tools Clients Finance 459

Housing Wire

OCTOBER 25, 2021

The MBA’s letter to Cuomo mentioned that In New York in 2020, IMBs accounted for 85% of all loans insured by the Federal Housing Administration (FHA), 72% of loans guaranteed by the Department of Veterans Affairs (VA), and 78% of loans insured by the Rural Housing Service. The state conducted the first nonbank CRA exam in 2009.

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Law Lending Insurance Mortgage 468

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).

Finance 482

Finance Real Estate Agent Real Estate Insurance 482

Housing Wire

JANUARY 13, 2021

Thanks in large part to these programs, the sort of housing market crisis of the 2008-2009 Great Recession has thus far been avoided. How the National Flood Insurance Program’s recent extension provides stability for the housing market. At the onset of the COVID-19 crisis in the U.S., The NFIP provides stability for the housing market.

Mortgage 488

Mortgage Investors Technology Housing Market 488

Housing Wire

DECEMBER 21, 2020

She ensured the association continued to provide networking and educational opportunities to the title insurance industry within the new platform. Steve Gottheim, who has been with ALTA since 2009, was promoted to general counsel. WFG reports its highest volume months ever during Q2 and Q3 of 2020.

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Insurance Government Advertising Legal 325

Housing Wire

DECEMBER 27, 2022

Over the past 14 years, FHA has insured 9.1 trillion to first-time homebuyers, according to the agency’s most fiscal 2022 annual report to Congress on the state of its mutual mortgage insurance fund (or MMI Fund). First-time homebuyers represent more than 80% of FHA’s purchase volume, FHA data show. million in mortgages valued at $1.7

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Insurance Home Value Mortgage Marketing 497

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers.

Mortgage 370

Mortgage Loan Officers Insurance Business 370

Housing Wire

FEBRUARY 9, 2023

The background Strauss was charged in 2009 by the Securities and Exchange Commission (SEC) with accounting fraud. He reportedly canceled their health insurance retroactively to May 2022, reportedly leaving some on the hook for substantial medical bills. They again did not provide the information requested.

Real Estate 370

Real Estate Investors Finance Mortgage 370

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. In 2009, the Securities and Exchange Commission (SEC) charged two former executives at American Home Mortgage Investment Corp. Shocked employees didn’t receive their last paychecks.

Mortgage 418

Mortgage Investors Legal Loan Officers 418

Housing Wire

APRIL 5, 2021

In its most recent annual report to Congress, November 2020, the Federal Housing Administration ( FHA ) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). The same report revealed FHA had amassed capital reserves in the amount of $78.9

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Insurance Housing Market Mortgage Government 336

Appraisal Buzz

AUGUST 27, 2024

Previously, he was COO of FHLBank Pittsburgh, a position that he assumed in November 2009. Morgan in Hong Kong from 2007-2009, after serving that company in various capacities in New York for 22 years. Watson served as Managing Director at J.P. In Hong Kong, he served as Senior Client Executive for J.P.

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Investing Development Insurance Government 221

Housing Wire

JULY 14, 2022

This narrative was once again repeated in the HousingWire article announcing the FHA first-look program: “Typically, FHA-insured foreclosed properties are snatched up by large investors and turned into rental properties.”. Most of these reverted REOs are eventually sold via the Multiple Listing Service (MLS).

Renovations 370

Renovations Investors Retail Buyers 370

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 In 2009, Samson Properties, still led by Danny Samson, created Cardinal Title Group, and soon thereafter gave agents a 100% commission. “We From one perspective, the U.S. This is no sure thing.

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Brokerage Agents Real Estate Insurance 370

Housing Wire

MARCH 6, 2024

It was also the second-lowest monthly issuance ever recorded outside of the earliest days of Ginnie Mae’s HMBS program in 2009, according to New View. 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.

Mortgage 467

Mortgage Marketing Insurance Sellers 467

Housing Wire

APRIL 7, 2022

Before you do anything, you should ask your underwriter whether they will insure RON closings at all. If they do insure them, they will vet and approve your RON vendor. According to a Global Workplace Analytics study , remote work has grown 159% since 2009. What to ask your underwriter. What to ask your lender partners.

Law 370

Law Technology Insurance Real Estate 370

Miller Samuel

FEBRUARY 12, 2019

The 10-year Challenge (2009 vs. 2019). Some analysts are even comparing the current cycle to the last downturn and the housing bubble in 2009, but Miller outlined quite a few differences between then and now. In 2009, the average discount from listing was 10.2%. And, in-turn, when the market falls, it will fall forever.

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Marketing Real Estate Appraisal Sellers 221

Housing Wire

DECEMBER 20, 2021

The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead. States, overwhelmed with claims and understaffed, also had problems paying unemployment insurance. Up to the task? billion at its peak in February 2021.

Mortgage 418

Mortgage Government Contracts Insurance 418

Housing Wire

JULY 7, 2022

These lenders are having to manually key in data, they experience the adverse impact to homebuyers when interim payments are incorrectly applied, or find challenges when proof of homeowners insurance isn’t properly carried over into the servicing system, as well as several other points of friction. .

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Modernization Technology Investing Mortgage 448

Housing Wire

APRIL 14, 2022

in 2009 to 1.9% Making up the balance of the agency MBS purchaser sector are Life insurance companies, real estate investment trusts, credit unions, broker/dealers, state and local governments, households and nonprofits, Recursion notes. As of January 2022, Fannie’s asset portfolio stood at $108.5

Marketing 435

Marketing Investors Government Investing 435

Housing Wire

DECEMBER 8, 2023

Visit OnlineEd Overview OnlineEd is a licensed real estate school and insurance school that has been offering online courses since 1998. An approved NMLS course provider of continuing education since 2009, OnlineEd’s teaching and instruction is done via the Internet and through a unique course management system.

Real Estate 434

Real Estate Contracts Law Real Estate Agent 434

PennyMac

AUGUST 13, 2024

FHA Streamline Upholds the Mortgage Insurance Premium If you have an FHA-insured mortgage , then you’re already aware of the provision to pay mortgage insurance. If you are refinancing an FHA loan taken out after June 1, 2009, your annual MIP can range from 0.45% to 1.05% of your total loan amount.

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Insurance Loan Officers Mortgage Finance 52

Lamacchia Realty

AUGUST 28, 2024

Typical closing costs that occur are the following: mortgage origination fees, appraisal, legal fees, title examination fees, lender and owner title insurance, transfer taxes/stamp fees, recording fees, prepaid interest, pre-paid escrow, homeowners insurance, flood insurance, if applicable, and more. That is no longer allowed.

Sellers 74

Sellers Buyers Real Estate Legal Fees 74

Lamacchia Realty

JANUARY 29, 2025

Rising insurance premiums added to the cost of homeownership, potentially affecting affordability. South Floridas condo market faced challenges due to rising insurance costs and climate concerns, especially in flood-prone areas. Pending sales are at a level not seen since 2009. Pending Sales Decreased by 9.8%

Inventory 61

Inventory Insurance Real Estate Buyers 61

Lamacchia Realty

SEPTEMBER 20, 2023

Around 2009 all mortgage companies and regulators put a stop to it. The buyers will usually cover the loan origination fee, the mortgage escrow account, title insurance, and home appraisal fee. Fees charged for obtaining a mortgage Title insurance for both lender and owner. That is no longer allowed.

Sellers 74

Sellers Buyers Property Taxes Inspection 74

Empire Appraisal Group

JULY 6, 2022

Still, most economists are not predicting the catastrophic housing crash of 2007-2009 when there was a surplus of homes nationwide and a market saturated with bad mortgages. Landlords note that their costs are going up also with non-homesteaded properties getting hit with tax hikes and higher insurance premiums. Housing crash unlikely.

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Marketing Landlords Real Estate Tenants 78

Appraisal Today

FEBRUARY 9, 2024

An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. Common fears are that their insurer will increase their premium or decline to renew their policy.

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Appraisal Contracts Insurance Construction 89

Appraisal Today

MARCH 22, 2024

acre lot, built in 2009 This elegant, Georgian mansion is said to be owned by a former executive with ties to the Grey Goose vodka fortune. The 24-room residence was custom built in 2009 and is loaded with exquisite finishes. It can impact home values, insurance costs, and the overall stability of a housing market.” “The

Appraisal 73

Appraisal Contracts Business Insurance 73

Simonson Real Estate

APRIL 26, 2021

Headrick has been in the commercial real estate appraisal industry since 2009 following a long and satisfying career in a science-based discipline. She has completed valuations for condemnation, estate planning, financing, donations and insurance purposes. Marlo Headrick , Associate, Simonson Appraisals.

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Marketing Tenants Valuation Real Estate 78

Appraisal Today

JULY 1, 2022

E&O Insurance Update 2022 – Claims, State Boards, Discrimination, etc. 2022 E&O Insurance – Where to Get Insurance, What to look for in a policy, etc. 2022 E&O Insurance Brokers. 2022 E&O Insurance – Where to Get Insurance, What to look for in a policy, etc.

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Appraisal Contracts Insurance Real Estate 52

Listing Spark

DECEMBER 15, 2022

It usually involves wrapping the existing mortgage and obtaining title insurance from a title company. When doing a wrap, the hardest part is getting insurance in order to satisfy due on sale calls. If you’re doing a wrap, the number one thing is insurance. Key takeaways. [00:03:41]

Finance 36

Finance Investing Real Estate Lending 36

Listing Spark

AUGUST 17, 2023

The FHA has insured over nine million mortgages since 2009 , and as home prices have climbed higher than ever in the past three years, many prospective homeowners are turning to FHA loans due to the increased assistance and down payment requirements.

Investors 36

Investors Investing Buyers Real Estate 36

Quicken Loans

APRIL 12, 2021

Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. Or, if there is an escrow shortage due to a rise in property taxes or insurance premiums, the escrow payment will increase. It can be hard to pass up a good deal, especially when it’s on a large purchase like a home.

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Inspection Property Taxes Mortgage Investors 54