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. SVB’s mortgage origination volume reached $2.4

Mortgage 370

Mortgage Loan Officers Insurance Business 370

Housing Wire

JANUARY 19, 2023

When industry veteran Michael Strauss abruptly shut down Long Island-based Sprout Mortgage in early July, there was uproar. There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. Shocked employees didn’t receive their last paychecks.

Mortgage 418

Mortgage Investors Legal Loan Officers 418

Housing Wire

JULY 18, 2024

real estate with a fast, digital mortgage process. Investors can partner with a real estate agent , mortgage broker or turnkey provider to locate a property of their choice. Closing tasks such as appraisal , inspection, title insurance and homeowners insurance are done remotely. homes for any year on record since 2009.

Finance 448

Finance Real Estate Investors Legal 448

Housing Wire

MARCH 6, 2024

Despite feelings of optimism expressed by loan originators in the opening weeks of 2024, the road to more normalized levels of reverse mortgage volume and securities issuances may be longer than expected. Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% and Longbridge Financial recorded increases for the month.

Mortgage 466

Mortgage Marketing Insurance Sellers 466

Housing Wire

MAY 16, 2024

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. A study commissioned by the U.S. Overview of findings The report was released to the public in November 2023.

Development 450

Development Appraisal Property Appraisal Insurance 450

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 Its mortgage origination volume reached $2.4 billion since the start of 2023.

Insurance 83

Insurance Loan Officers Mortgage Clients 83

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. , Mayopoulos resigned from Fannie Mae in 2018 and joined mortgage software startup Blend the following year, becoming one of the highest-profile executives to join the fintech industry.

Insurance 397

Insurance Government Design Finance 397

Housing Wire

OCTOBER 25, 2021

According to a source, the expectation from the mortgage industry is that the governor will sign the bill – if so, it will become law 90 days later. Presented by: Angel Oak Mortgage Solutions. The bill has received strong opposition from much of the mortgage industry, which these days is dominated by nonbanks.

Law 468

Law Lending Insurance Mortgage 468

Housing Wire

JUNE 3, 2024

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. A study commissioned by the U.S. It was conducted by analytics firm SP Group LLC and its subcontractor Econometrica Inc.

Insurance 443

Insurance Development Mortgage 443

Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. 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.

Finance 482

Finance Real Estate Agent Real Estate Insurance 482

Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. Over the past 14 years, FHA has insured 9.1 million in mortgages valued at $1.7

Insurance 497

Insurance Home Value Mortgage Marketing 497

Housing Wire

FEBRUARY 9, 2023

A regulator in Illinois has suspended the MLO license of industry veteran Michael Strauss and the license for his mortgage company, Smart Rate Mortgage, essentially blocking the company from operating in the state, according to the Nationwide Multistate Licensing System (NMLS). Strauss agreed to pay a $2.45

Real Estate 370

Real Estate Investors Finance Mortgage 370

Housing Wire

DECEMBER 21, 2020

Blosser has been leading the association’s data privacy efforts since 2017, and led the association’s role in creating model legislation such as the Remote Online Notarization Act , which was drawn up in collaboration with the Mortgage Bankers Association and the National Association of Realtors.

Insurance 311

Insurance Government Advertising Legal 311

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

Insurance 322

Insurance Housing Market Mortgage Government 322

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. The 10-year Challenge (2009 vs. 2019). In 2009, the average discount from listing was 10.2%.

Marketing 221

Marketing Real Estate Appraisal Sellers 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

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. mortgage for 12 months, and the county where he lives paid three months of his mortgage bill as part of an assistance program. He is afraid of losing his home.

Mortgage 418

Mortgage Government Contracts Insurance 418

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.

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Housing Wire

JULY 7, 2022

First, it will be the openness and choice that lenders will have, as we at ICE have consistently demonstrated our commitment over the past 20 years to access and transparency in the mortgage industry, which we plan to extend to the Black Knight business. . For many lenders, after the loan is funded, they lose connection to those homebuyers.

Modernization 448

Modernization Technology Investing Mortgage 448

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 Federal Reserve in Washington, D.C. by the end of the year.

Marketing 435

Marketing Investors Government Investing 435

PennyMac

AUGUST 13, 2024

Pennymac offers “streamline” refinancing options to consumers to get better mortgage terms without an extensive qualification process. That’s because refinancing can restart the amortization clock which resets the total number of monthly mortgage payments due. With an FHA Streamline, this requirement continues.

Insurance 52

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.

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 60

Inventory Insurance Real Estate Buyers 60

Appraisal Today

FEBRUARY 9, 2024

Appraisers Riding the Waves of Up and Down Mortgage Rates Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Common fears are that their insurer will increase their premium or decline to renew their policy.

Appraisal 84

Appraisal Contracts Insurance Construction 84

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

The average interest rate on a 30-year fixed mortgage was 5.48% Thursday, an increase of 7 basis points over the past week, according to Bankrate.com. 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.

Marketing 78

Marketing Landlords Real Estate Tenants 78

Appraisal Today

MARCH 22, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Fannie March Update, Bias and not using time adjustments, Climate change effects on risk and values, answer your phone if you want more appraisal business, unusual homes, mortgage origination stats, etc. Mortgage applications decreased 1.6 baths, 17,878 sq.ft.,

Appraisal 69

Appraisal Contracts Business Insurance 69

Appraisal Today

JULY 1, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market decline in listing prices, land issues, unusual homes, mortgage origination stats, etc. =. E&O Insurance Update 2022 – Claims, State Boards, Discrimination, etc. 2022 E&O Insurance Brokers. 2022 E&O Insurance Brokers.

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Quicken Loans

APRIL 12, 2021

Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. Foreclosure happens when a borrower fails to pay their mortgage payments and the lender or mortgage investor must repossess the home. The lender is allowed to take back the home because a mortgage is a secured loan.

Inspection 54

Inspection Property Taxes Mortgage Investors 54

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

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse.

Easement 52

Easement Contracts Appraisal Inspection 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

Housing Wire

DECEMBER 20, 2021

Robinson points out that “the private market has a consistent track record of providing rates at or better than the GSEs through a balanced model of securitizing and distributing whole loans to portfolio lenders like banks and insurance companies. “.

Government 435

Government Marketing Finance Mortgage 435

Appraisal Today

JANUARY 3, 2025

Newz: Appraiser Humor, Mortgage Rate Changes, New GSE Time Analysis January 3, 2025 Whats in This Newsletter (In Order, Scroll Down) LIA – Code Violations and Expertise Mortgage Rate History Since 1971 What about 2025? Its left many wondering if 2025 will finally calm the waters.

Construction 86

Construction Appraisal Contracts Mortgage 86

Housing Wire

JANUARY 24, 2025

This is according to an announcement from the senators office, along with the text of a proposed bill reviewed by HousingWire s Reverse Mortgage Daily (RMD), and an interview with the senator who introduced the bill. Braun added that enrollment at Evergreen State College is far from what it was in the early 2010s.

Renovations 370

Renovations Training Insurance Development 370

Housing Wire

FEBRUARY 4, 2025

A bill introduced in January to the New York state Senate is seeking to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product, as well as the obligations that a borrower assumes when engaging with the industry.

Mortgage 348

Mortgage Law Property Taxes Design 348

Housing Wire

NOVEMBER 4, 2022

There has been a flurry of recent articles prognosticating a decrease to Federal Housing Administration (FHA) insurance premiums. Several trade groups including the Mortgage Bankers Association have corresponded with the HUD Secretary in support of cuts. At least 137,000 of those borrowers have FHA-insured loans.

Insurance 447

Insurance Mortgage Development Valuation 447