Housing Wire

JULY 18, 2024

The Federal Housing Administration (FHA) this week published a new proposed policy for the Home Equity Conversion Mortgage ( HECM ) program, which would update the way debenture interest rates for HECM loans operate. But the U.S. Department of Housing and Urban Development (HUD) never fully implemented this.

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Housing Wire

JUNE 26, 2024

Reverse mortgage products have a lot of potential utility for older American homeowners, but many consumers remain skeptical of their usefulness due to lingering reputational problems and institutional aversions, despite becoming more regulated in recent years. And so, in 2013, 2015, 2017, we saw a lot of changes.

Mortgage 369

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Appraisal Buzz

AUGUST 12, 2024

Freddie Mac reports that its Single-Family Credit Risk Transfer (CRT) Program has closed its 100th ACIS (Agency Credit Insurance Structure) transaction. Since the first transaction in 2013, Freddie Mac has credit protected more than $2.5 billion, protecting more than $99 billion UPB of mortgage loans.

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Housing Wire

JULY 29, 2022

million note offering backed by a reference pool of single-family mortgages valued at $20.4 This latest CAS transaction, CAS 2022-R08, involves a reference pool of 67,644 single-family mortgage loans. trillion in single-family mortgage loans, measured at the time of the transaction. The offering is slated to close Aug.

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Housing Wire

SEPTEMBER 22, 2022

Fannie Mae has finalized its ninth Credit Insurance Risk Transfer (CIRT) transaction of the year, transferring some $700 million of mortgage credit risk to private insurers and reinsurers, the agency announced. The deal, CIRT 2022-9, involves a covered loan pool of 69,000 single-family mortgages valued at $21 billion.

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Housing Wire

MAY 19, 2022

The Community Home Lenders Association (CHLA) sent a letter, signed by 41 independent mortgage banks, to the Federal Housing Administration (FHA) on Wednesday urging the administration to cut mortgage insurance premiums. But not everyone is on board.

Insurance 440

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Appraisal Buzz

NOVEMBER 15, 2024

Central, when the Five Star Institute , in partnership with Global Strategic , present “ Partnering for Performance: Mortgage Operations Outsourcing.” The Five Star Institute Webinar Series aims to broaden the horizons of the mortgage industry. He joined the Covius team in March of 2013 as SVP of Operations.

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Housing Wire

MARCH 27, 2023

Fannie Mae announced on Monday that it has executed two new Credit Insurance Risk Transfer (CIRT) deals: CIRT 2023-2 and CIRT 2023-3. The deals, which include over $31 billion in single-family mortgage loans, are designed to reduce risk to taxpayers by increasing the role of private capital in the mortgage market.

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Housing Wire

FEBRUARY 3, 2022

billion note issued against a reference loan pool of 190,774 residential mortgages with an outstanding principal balance of $33.6 billion note against a reference pool of 143,889 single-family mortgages valued at about $45 billion. Freddie Mac’s CRT program was founded with its issuance of the first STACR notes in July 2013.

Insurance 363

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Housing Wire

JULY 22, 2022

Fannie Mae has executed two new Credit Insurance Risk Transfer (CIRT) deals — the seventh and eighth of 2022 — dubbed CIRT 2022-7 and CIRT 2022-8. The two transactions convey a combined $1 billion in mortgage credit risk to private insurers and re-insurers as part of the agency’s ongoing effort to share risk with the private sector.

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Housing Wire

NOVEMBER 30, 2023

The Conference of State Bank Supervisors ’ (CSBS) board of directors appointed Brandon Milhorn – current deputy to Federal Deposit Insurance Corporation (FDIC) vice chairman Travis Hill – as its incoming president and chief executive officer (CEO). Milhorn will assume the new role on Dec. 4, succeeding James Cooper.

Insurance 354

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Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

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Housing Wire

FEBRUARY 14, 2022

Nearly a year after a federal judge dismissed the Consumer Financial Protection Bureau ‘s mortgage servicing misconduct suit against Ocwen Financial Corp. , It may be now that Ocwen wishes it had negotiated a more thorough, more comprehensive release in [December] 2013, but it did not.”. Last March, U.S.

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Housing Wire

AUGUST 31, 2022

Freddie Mac notched record credit-risk transfer (CRT) issuances of some $15 billion during the first half of this year, protecting $358 billion in single-family mortgages. billion, protecting $151 billion in single-family mortgages. For the second quarter alone, Freddie Mac also posted record CRT issuance of $6.5

Insurance 370

Insurance Investors Mortgage Design 370

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). Million — [Tampa, Florida].

Mortgage 408

Mortgage Marketing Finance Insurance 408

Housing Wire

AUGUST 25, 2021

Mortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development ’s proposed reinstatement of its 2013 disparate impact rule. But the mortgage industry and HUD don’t see eye-to-eye on how that decision should be taken into account.

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Housing Wire

MARCH 30, 2021

The Housing Policy Council sent a letter to the Consumer Financial Protection Bureau on Tuesday expressing its opposition to delaying the implementation of the Final QM Rule and expiration of the 2013 QM Rule, set to take effect on July 1, 2021. 1, 2022 and opened up a comment period.

Mortgage 428

Mortgage Insurance Lending Marketing 428

Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. “We FHFA was comfortable approving VantageScore 4.0 that use trended credit bureau data.

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Housing Wire

MAY 17, 2021

Despite heightened investor uncertainty during the onset of the pandemic, GSE-backed mortgages have outperformed expectations, the report notes. As the credit risk coverage is depleted, the remaining mortgages in the pool tend to be the most risky. The unpaid principal balance of CRT transactions’ underlying mortgages was $1.7

Investors 341

Investors Insurance Mortgage Finance 341

Housing Wire

APRIL 8, 2022

The Consumer Financial Protection Bureau ’s attempt to revive a mortgage servicing misconduct lawsuit against Ocwen Financial Corp. Mortgage servicers: If you’re not obsessed with customer service, you’re falling behind. 17, 2013, shielding the servicer from future actions arising from the alleged practices up to that point.

Law 387

Law Insurance Mortgage Marketing 387

Housing Wire

JANUARY 11, 2022

Fannie Mae opened 2022 with its 45 th credit-risk transfer (CRT) deal through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC, bringing the collective value of notes issued through the conduit to nearly $52 billion since the first offering in 2013. trillion. . In October, the agency made a $1.2

Investors 382

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Appraisal Buzz

NOVEMBER 15, 2024

Middleman serves as the President and CEO of Freedom Mortgage Corporation , one of the largest and fastest-growing independent mortgage companies in the country. He is a nationally recognized business strategist, investor, and philanthropist with over 30 years of experience in the mortgage banking industry.

Investing 221

Investing Business Mortgage Insurance 221

Housing Wire

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

Insurance 305

Insurance Investors Design Finance 305

Housing Wire

NOVEMBER 11, 2021

Amrock , a title insurance, property valuations and settlement services provider that is part of the Rocket Companies family, announced Wednesday that longtime CEO, Brian Hughes will be retiring later this month and Nicole Beattie, the current vice president of mortgage servicing at sister company Rocket Mortgage , will take over.

Valuation 380

Valuation Technology Appraisal Clients 380

Appraisal Buzz

JULY 5, 2024

During this webinar, Fitch Ratings will present a cross-section of industry stakeholders discussing the drivers of housing economy expansion, factors impacting homebuilder credit, the home loan lending environment, and mortgage delinquency expectations. Topics of discussion will include: U.S. He began his career at T.

Housing Market 361

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Appraisal Buzz

JUNE 27, 2024

Still , Vice Chair, Pulte Financial Services Sheri Thompson , EVP, Head of Affordable Housing, Walker & Dunlop Eileen Tu , VP, Mortgage Policy and Credit Development, Rocket Mortgage John Wiechmann , President/CEO, Midwest Housing Equity Group Inc.

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Housing Wire

MARCH 21, 2022

Fannie Mae is off to steady start on its path toward issuing $15 billion in notes this year through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC. billion note offering backed by a reference loan pool of 150,395 primarily single-family mortgages valued at $44.4

Investors 359

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Housing Wire

JUNE 7, 2022

Through the STACR note offerings, private investors participate with Freddie Mac in sharing a portion of the mortgage credit risk in the reference loan pools retained by the agency. billion via five STACR and three Agency Credit Insurance Structure (ACIS) CRT deals. billion worth of notes being properly tendered and accepted.

Investors 354

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Housing Wire

APRIL 8, 2022

billion secured by single-family mortgage reference loan pools valued in total at $121.5 billion note backed by a reference loan pool of 140,950 residential mortgages with an outstanding principal balance of $42.9 billion note against a reference pool of 143,889 single-family mortgages valued at about $45 billion. .

Valuation 360

Valuation Investors Mortgage Insurance 360

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. The modules cover some mortgage-related topics, but there are also topics that pertain to other facets of working at a bank.

Training 364

Training Loan Officers Lending Mortgage 364

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.

Development 358

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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 247

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Housing Wire

OCTOBER 28, 2021

Just a few years ago, we were talking about shrinking the GSEs’ footprint, giving GSE charters to vertically integrated Wall Street banks, and giving these same Wall Street banks access to the GSEs’ Common Securitization Platform, which would have enabled them to dominate mortgage markets. Broader market considerations also come into play.

Mortgage 385

Mortgage Contracts Insurance Realtors 385

Appraisal Buzz

JULY 17, 2024

Meanwhile, several looming threats could potentially pull out the cushion completely, including rising “hidden” homeownership costs of insurance and property taxes in many markets, rising delinquency rates for consumer debt such as credit cards and auto loans, and falling values and rising defaults in segments of the commercial real estate market.

Appraisal 221

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Appraisal Buzz

AUGUST 19, 2024

Boesel, who holds the position of Principal Economist in the Office of the Chief Economist at CoreLogic responsible for analyzing and forecasting housing and mortgage market trends, including the single-family rental market. Boesel is a frequent speaker at leading industry events and contributor to several industry publications.

Real Estate 221

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Housing Wire

APRIL 22, 2024

Buddy up with a mortgage lender, insurance rep, or real estate attorney and work the room together. A handful of solid connections that could lead to impactful relationships over time is much more valuable than handing your card out to 100 people who will probably just throw it away. Use the buddy system.

Real Estate 380

Real Estate Real Estate Agent Agents Training 380

Appraisal Buzz

JUNE 14, 2024

With more than 30 years of cross-functional building experience, including leadership in land acquisition, sales and marketing, development and operations management, Palmer has led Taylor Morrison into the top ranks of America’s largest public homebuilders, following the company’s IPO in 2013.

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