Housing Wire

JULY 12, 2024

It accused the lender of ”forging certifications and using unqualified underwriters to approve Federal Housing Administration (FHA) insured Home Equity Conversion Mortgages (HECM),” according to the original announcement. DOJ had alleged in a civil complaint that from 2008-2010, Nutter failed to comply with U.S.

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Housing Wire

DECEMBER 7, 2020

Cooper] broke that trust by engaging in unfair and deceptive practices prohibited by the Consumer Financial Protection Act of 2010, as well as violations of the Real Estate Settlement Procedures Act and the Homeowner’s Protection Act.”. “[Mr. Specifically, the CFPB alleged that between Jan. 2012 and Jan.

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Housing Wire

SEPTEMBER 6, 2023

That’s before taxes and insurance are factored in (an average of $550 a month). Between 2010 and 2021, mortgage holders withdrew an average 0.92% of available tappable equity each quarter. It’s up 60% over the past two years. That share fell to just 0.4% over the past three quarters, researchers found.

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Housing Wire

MAY 23, 2023

” WFG, a full-service provider of title insurance, underwriting, and escrow services for real estate transactions nationwide, has been actively expanding its services and market reach since its establishment in 2010. The company’s platform enables tasks that used to take days to be completed in minutes.

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Housing Wire

JULY 18, 2022

Harley founded Fathom Realty in 2010, and the company has since expanded to Fathom Holdings. It encompasses brokerage, mortgage, title, insurance and technology companies like Real Results, Verus Title and Encompass Lending.

Real Estate 418

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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. Bilbrey has served as the firm’s CEO since 2019. An industry veteran, Billbrey began working part-time in the title industry over 50 years ago.

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Housing Wire

OCTOBER 1, 2020

The complaint announced on Friday alleges that in order to significantly increase its loan production, Nutter used unqualified underwriters lacking the requirements established by HUD to review and approve HECMs that Nutter ultimately insured with the FHA. When reached for comment, Edward T.

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Housing Wire

MAY 16, 2024

The bulk of losses came from loans that originated between 2006 and 2010,” the report stated. Researchers estimated that the Federal Housing Administration (FHA) incurred a net loss of approximately $10.4 billion from the program.

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Housing Wire

SEPTEMBER 28, 2023

It will disrupt some home sales in the short run due to the lack of flood insurance or delays in government-backed mortgage issuance,” he said. Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It

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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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Housing Wire

JANUARY 29, 2021

For example in 2010, the average home price in Denver, Colorado was $246,680. Besides a down payment, you’ll have to pay closing costs, property taxes, insurance, etc. home prices have doubled in the last decade, according to Zillow. In recent months, some cities, in particular, have experienced huge booms in home prices.

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Appraisal Buzz

MARCH 25, 2025

Although few homes perform mitigation retrofits, the average homeowner insurance price increased by 17% between 2021 and 2023, which may serve as a catalyst for homeowners to do so. Average maintenance spending in 2023 was 76% greater than that of homes built before 2010, and enhancement spending was 24% higher for homes built before 1980.

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Housing Wire

OCTOBER 9, 2023

AI-generated image of two lawyers scrutinizing title insurance joint venture agreements. Regulators are bearing down The stakes are high for title insurance firms that have joint ventures operating in the gray areas of the law. Image was created using MidJourney.

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Real Estate Insurance Real Estate Agent Brokerage 468

Housing Wire

AUGUST 5, 2024

These include home- and community-based care designed to support aging in place ; community councils on aging to better assess the needs of older residents; funds for outreach and counseling resources for seniors who have mental health needs; and more allocations for the state’s health insurance program. Councils on aging will receive $1.4

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Housing Wire

FEBRUARY 15, 2024

were 65 and older as of 2020, up from 13% in 2010,” the report reads. Older generations have an outsized level of influence over the U.S. housing market for multiple reasons, Redfin said. One, the American population is aging: Roughly 17% of people in the U.S.

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Property Taxes Insurance Construction Inventory 488

Housing Wire

JUNE 6, 2022

At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. From 2010 to 2015, he was on the faculty at Georgetown University School of Continuing Studies , where he taught urban real estate economics.

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Housing Wire

OCTOBER 16, 2024

The latest report, which examined program data from 2010 to 2020, found no meaningful change in neighborhood poverty for program participants,” the report explained. Notably, nearly half (45%) of FHA-backed mortgages are issued to homeowners in census tracts where 75 percent or more of the residents are white.”

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Housing Wire

OCTOBER 7, 2020

Patrick Stone was looking both ways when he took steps to launch Williston Fina ncial Group (WFG) in January 2010. By July 2010, WFG already had a national workforce nearing 200, had become licensed in 34 states and was on target to expand its footprint to include more than 40 states by the end of the year.

Real Estate 370

Real Estate Insurance Technology Loan Officers 370

Housing Wire

AUGUST 18, 2022

Ginnie Mae, a government corporation under the auspices of the Department of Housing and Urban Development , guarantees securities backed by pools of mortgages insured by FHA, as well as the Department of Veterans Affairs and the Department of Agriculture. Those securities are backed by the full faith and credit of the U.S. government.

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Housing Wire

JULY 26, 2021

Historic government institutionalized discrimination includes actions like “redlining,” where the Federal Housing Administration would refuse to insure mortgages in and around Black neighborhoods. Since 2010, Bank of America , Wells Fargo , and JPMorgan Chase have all paid multi-million-dollar settlements in response to U.S.

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Mortgage Lending Real Estate Agent Government 514

Housing Wire

MARCH 31, 2022

WFG National Title Insurance Company (WFG) is a wholly owned subsidiary of Williston Financial Group and a national title insurance underwriter dedicated to taking time and cost out of real estate transactions. ” Patrick F. Stone , Founder and Executive Chairman, Williston Financial Group.

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Real Estate Human Resources Technology Clients 418

Housing Wire

JANUARY 10, 2022

Even with this increase, fixed-rate loans will still be cheaper than they were before the pandemic: In the 2010-2019 decade the interest rate averaged 4.1% for 30-year fixed-rate loans. Employment and income growth should continue to keep new delinquencies at a very low level.

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Housing Market Marketing Construction Inventory 545

Housing Wire

MARCH 31, 2021

Stone founded WFG in 2010. Prior to that, he served as president and COO of the nation’s largest title insurance company for nine years, chairman and co-CEO of a software company and CEO of a real estate information company. Executive Chairman and Founder, Williston Financial Group. A 2019 HW Vanguard Award recipient, Patrick F.

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Real Estate Technology Insurance Clients 370

Appraisal Buzz

JUNE 4, 2024

When financial institutions take these types of actions, they risk violating the Consumer Financial Protection Act of 2010. According to CFPB Circular 2024-03 , companies use fine print tactics to try to trick consumers into believing they have given up certain legal rights or protections.

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Housing Wire

FEBRUARY 1, 2024

in 2009 to about 12-14% during Fiscal Years 2010 through 2014. With higher limits, the loan amounts have been steadily increasing in tandem, the report suggests. The percentage of endorsements with an MCA between $300,000 and $417,000 decreased from 17.6% In 2023, it has increased to 23.6%.

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Mortgage Business Development Design 435

Housing Wire

JUNE 17, 2022

Function keys in a DOS-based green world was how all loans were done in 2010. The process of mortgage loans requires technology that helps processors, underwriters, closers, funders, insurers, secondary, and more. I called a friend over at Bank of America to talk about this. Billions of dollars in closed loans went through this system.

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Loan Officers Technology Training Design 435

Housing Wire

JUNE 11, 2023

Here are the number of new listings for this week over the last several years for perspective: 2021: 79,827 2022: 86,625 2023: 63,583 After 2010, housing inventory can grow in the U.S., Louis Fed : Initial claims for unemployment insurance benefits increased by 28,000 in the week ended June 3, to 261,000. From the St.

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Inventory Housing Market Marketing New Listings 523

Housing Wire

AUGUST 24, 2023

At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago. We could see monthly sales fall to 2010 or 2011 levels when the market was recovering from the free fall after the housing bubble.”

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

MARCH 10, 2022

Yes, your property tax or insurance might go up, but the mortgage payment is generally fixed. This is just another reason I keep saying this is the unhealthiest housing market post-2010. Shelter cost is the primary driver of why you might want to own a home.

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Inventory Property Taxes Mortgage Insurance 543

Housing Wire

OCTOBER 1, 2021

Since 2010, around 10% of borrowers with more than 120 days in delinquency were referred to foreclosure, regardless of their equity. Despite record-high home prices, home equity may not save some borrowers in forbearance from foreclosure, according to a Black Knight ’s report published Monday.

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Mortgage Insurance Government Inventory 305

Housing Wire

AUGUST 31, 2021

Since its founding in 2010, WFG National Title Insurance Company has worked to advance the real estate, mortgage lending and title industries, adding greater efficiency and accuracy to processes and a vastly improved experience for consumers.

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Real Estate Technology Development Design 284

Housing Wire

NOVEMBER 29, 2023

From 2010 to 2020, the value of owner-occupied housing in 917 metropolitan or micropolitan metro areas increased by $8.2 Homeownership is the single greatest contributor to household wealth for American families. We know homeownership is a significant contributor to generational wealth.

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Housing Wire

JUNE 10, 2022

One month later, the Mortgage Bankers Association (MBA) reported the 30-year fixed rate rose to 5.2% — the highest level since 2010. Mortgage insurance (MI) is an affordable solution that has helped millions of Americans become homeowners by reducing the 20% downpayment barrier and enhancing their ability to borrow in an affordable way.

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Real Estate Buyers Insurance Mortgage 418

Appraisal Buzz

JUNE 7, 2024

As Director, Chopra is also a member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and the Financial Stability Oversight Council (FSOC). Chopra previously served at the CFPB from 2010-2015. In 2018, Chopra was unanimously confirmed by the U.S.

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Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. For example, if you were to buy a home priced at $500,000 with a 5% down payment, you would need $25,000 upfront.

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Agents Buyers Sellers Inventory 435

Appraisal Buzz

AUGUST 27, 2024

As a Bank leader since 2010, and COO since January 2020, Paulson has worked closely with Watson to advance FHLBank’s mission. Paulson , current COO, will become President and CEO effective October 1, 2024. FHLBank products and resources help support community lending, housing, and economic development.

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Investing Development Insurance Government 221

Appraisal Buzz

NOVEMBER 20, 2024

For the first time since 2010, homes facing low risk from natural disasters are rising in value faster than homes facing high risk, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. But it’s also because the rising cost of other things, like insurance and property taxes, has hurt demand.

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