Housing Wire

DECEMBER 29, 2021

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. ow and ease of the entire closing process.

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Insurance Real Estate Technology Business 417

Housing Wire

OCTOBER 21, 2020

The Department of Housing and Urban Development announced on Tuesday an extension allowing single-family homeowners with Federal Housing Administration -insured mortgages to request an initial forbearance through Dec 31, 2020. Major forbearance policy changes have been set into motion. 30 to request forbearance.

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Insurance Development Mortgage Finance 544

Housing Wire

MARCH 4, 2024

Additionally, the cost of homeowners insurance has dramatically increased in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. As a result, Los Angeles now has more affordable housing units in the pipeline than in 2020, 2021 and 2022 combined.

Finance 476

Finance Property Taxes Insurance Development 476

Housing Wire

JULY 12, 2024

The DOJ initially sued Nutter in September 2020 in a federal court in Missouri under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) of 1989 and the False Claims Act (FCA). Further, DOJ alleged that Nutter’s conduct caused HUD to insure these loans when they were not eligible for insurance by [FHA].”

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Government Insurance Development Law 447

Housing Wire

APRIL 18, 2022

When the COVID-19 pandemic shut the country down in 2020, title and settlement professionals were deemed essential and continued to help consumers purchase homes and refinance mortgages. Protecting homeowners is always at the center of the title insurance industry’s core values: to lead, deliver and protect. Fee disclosure is robust.

Insurance 418

Insurance Real Estate Agent Development Real Estate 418

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. Released late last year, the study examined three core elements of HECM program effectiveness between 2000 and 2020.

Insurance 446

Insurance Development Mortgage 446

Housing Wire

NOVEMBER 13, 2020

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% At the time, there was speculation of HUD announcing a cut to FHA mortgage insurance premiums. billion, an increase of $12.2

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Insurance Mortgage Development Marketing 434

Housing Wire

AUGUST 26, 2024

The median home sales price in late July was $412,300, a slight decrease from the previous three months, yet still 28% above the second quarter of 2020, according to data by the Federal Reserve Bank of St. This figure does not account for additional expenses associated with homeownership, such as maintenance, repairs, taxes, and insurance.

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Marketing Real Estate Agent Investors Tenants 459

Housing Wire

JUNE 8, 2021

EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. EnerBank funds most of its loans on its balance sheet through FDIC -insured brokered CDs; it also charges fees to the contractors. billion in volume in 2020. in 2021 to $433 billion. in 2021 to $433 billion.

Renovations 448

Renovations Home Improvement Marketing Finance 448

Housing Wire

FEBRUARY 24, 2022

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. billion coming from direct title premiums, a 21% increase of the fourth quarter of 2020. billion for 2021, a 49% increase over a year prior. billion, with $1.0 in Q4 and 21.7% for the full year.

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Insurance Investors Technology Development 397

Housing Wire

NOVEMBER 15, 2022

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) noted in a briefing on Tuesday that it managed to record another banner year for the Mutual Mortgage Insurance (MMI) Fund. We are not announcing a mortgage insurance premium change today,” Gordon said. “I

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Insurance Mortgage Housing Market Development 435

Housing Wire

JANUARY 28, 2021

The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent. The Department of Housing and Urban Development attempted to crack down on landlord discrimination back in 2018.

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Landlords Tenants Law Legal 488

Housing Wire

DECEMBER 14, 2022

Mortgage Industry Standards Maintenance Organization (MISMO), the organization tasked with developing standards for the mortgage finance industry, appointed vice president of operations Jan Davis as its acting president. Mortgage Insurers (USMI) as its president in 2023.

Insurance 370

Insurance Development Finance Mortgage 370

Housing Wire

NOVEMBER 29, 2021

The CLP forms a contract between a title insurance underwriter and a lender, in which the underwriter agrees to indemnify the lender for actual losses caused by certain types of misconduct by the closing agent, while the Title Commitment is a promise from your title company to issue the title insurance policy after the closing is completed.

Insurance 433

Insurance Real Estate Agent Brokerage Agents 433

Housing Wire

JULY 18, 2022

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. The connection between the upfront, annual and life-of-loan fees FHA borrowers pay and funding for, say, community development block grants, is not immediately apparent.

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Insurance Transportation Mortgage Government 468

Housing Wire

MARCH 31, 2021

In March 2020, the CFPB announced it would no longer require certain lenders to report quarterly information under HMDA, however, now the agency is instructing all financial institutions to do so beginning with their 2021 first-quarter data due by May 31. .” How servicers can stay ahead of Biden’s potential regulatory changes.

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Appraisal Insurance Lending Development 435

Housing Wire

DECEMBER 14, 2022

Mortgage Insurers (USMI), the association that represents the nation’s leading private mortgage insurance companies, announced on Wednesday that it has named Seth Appleton, current president of the Mortgage Industry Standards Maintenance Organization (MISMO), as USMI’s new president.

Insurance 397

Insurance Finance Inventory Mortgage 397

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.

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Development Appraisal Property Appraisal Insurance 455

Housing Wire

NOVEMBER 15, 2021

The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances and FHA’s Annual Report to Congress, both released Monday morning.

Mortgage 397

Mortgage Insurance Finance Development 397

Housing Wire

SEPTEMBER 17, 2022

The Federal Housing Administration on Thursday said it would pause the mandatory effective date for its electronic appraisal delivery module because it is “reassessing aspects of [its] development and implementation.”. The module was introduced as a pilot in 2020 with no set deadline for lenders to transition.

Appraisal 418

Appraisal Property Appraisal Development Insurance 418

Housing Wire

APRIL 29, 2024

Department of Housing and Urban Development (HUD)-approved counseling prior to closing the loan. The CFPB issued guidance in 2020 warning about ways that bad actors may mention reverse mortgages when targeting older homeowners. “AG

Mortgage 448

Mortgage Property Taxes Design Insurance 448

Housing Wire

MARCH 17, 2023

Future development projects will follow this collaborative approach with our clients and strategic partners. The company debuted in August 2020 with a mission to automate much of the underwriting process when making income, asset and lending decisions. In August 2021, Candor raised $12.5

Mortgage 370

Mortgage Technology Clients Development 370

Housing Wire

JUNE 1, 2022

For the first time, the ALTA Registry will provide data on individual title insurance and settlement services companies, identified by an ALTA ID. It’s crucial that the title insurance industry urge progress and innovation in the digital closing space.

Insurance 435

Insurance Real Estate Agents Technology 435

Housing Wire

JULY 2, 2021

Title insurance provider First American Financial Corporation announced the acquisition of Texas-based Georgetown Title , a company with roots planted in the Lone Star State over 125 years ago. billion underwritten by title insurers in 2020 was a 22% increase from $15.8 billion in 2019.

Insurance 329

Insurance Technology Clients Development 329

Housing Wire

AUGUST 3, 2021

In March 2020, both Fannie Mae and Freddie Mac hit pause on credit risk transfers, which shift a portion of the risk of credit losses on the mortgages they insure onto investors. Freddie Mac resumed those transfers by the end of 2020, but Fannie Mae has not since entered into any new credit risk transfer transactions. “We

Mortgage 468

Mortgage Insurance Government Investors 468

Housing Wire

AUGUST 14, 2020

But the pace of Fannie Mae and Freddie Mac ’s eventual exit from conservatorship is accelerating, with the development of the capital rule and retention of financial advisors. Yet, developments are accelerating. CHLA did this not because capital levels aren’t important; they are. CHLA agrees.

Mortgage 447

Mortgage Insurance Development Government 447

Housing Wire

OCTOBER 7, 2021

Georganne Youngclaus, the former marketing director at RealFi, filed a civil lawsuit against a group of top male executives at the lender, alleging that they engaged in “severe and pervasive patterns of mentally and physically abusive conduct” from May 2016 through July 2020. rebranded to RealFi in August 2020.

Insurance 395

Insurance Mortgage Clients Development 395

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. DecisionPoint offers immediate title clearance for about a third of U.S. properties.

Real Estate 418

Real Estate Human Resources Technology Insurance 418

Housing Wire

OCTOBER 23, 2020

The Federal Housing Administration announced on Wednesday the launch of its first automated underwriting system that will allow lenders to submit loan application data electronically for single family forward mortgages from their loan origination systems to FHA for mortgage insurance eligibility.

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Modernization Contracts Insurance Technology 468

Housing Wire

AUGUST 29, 2024

In 2020, a colleague approached her about establishing a Phoenix-based chapter of Women in Insurance and Financial Services (WIFS), an association of financial services professionals who aim to “attract, develop and advance women in an underrepresented profession,” according to the WIFS National website. “To

Finance 448

Finance Mortgage Real Estate Agent Insurance 448

Housing Wire

NOVEMBER 11, 2021

The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). With renewed attention towards the manufactured housing space, the FHA moved this week to provide updated guidance to its Title I loan program, making it easier to understand and use for lenders.

Finance 476

Finance Valuation Insurance Lending 476

Housing Wire

MARCH 14, 2022

in which title insurance companies are required by law to file reports identifying individuals who made all-cash real estate purchases exceeding $300,000 through shell companies. We urge stakeholders to provide input to assist us in developing an approach that enhances transparency while minimizing burden on business.”.

Real Estate 435

Real Estate Insurance Law Real Estate Agent 435

Housing Wire

APRIL 22, 2024

With federally insured reverse mortgages — officially [HECMs] — the upfront costs are high […] and the paperwork substantial. The organization “bases its calculations on older homeowners tapping their home equity with reverse mortgages,” the Times explained.

Tenants 459

Tenants Mortgage Insurance Tools 459

Housing Wire

APRIL 14, 2021

McEnerney was a managing director at Deutsche Bank for 14 years before Freedom Mortgage brought him on in August 2020 as executive vice president. RoundPoint also added a new chief administrative officer, Joseph Gormley, who formerly held senior positions at the department Housing and Urban Development. billion.

Retail 390

Retail Investors Mortgage Insurance 390

Housing Wire

APRIL 26, 2023

Since the pandemic began, the FHFA has enabled lenders to complete more than 1 million payment deferrals, with roughly one-third of all homeowners exiting forbearance via payment deferrals since 2020. million homeowners with COVID-19 pandemic forbearance programs since March 2020.

Insurance 397

Insurance Mortgage Government Investors 397

Housing Wire

JUNE 30, 2023

million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. Therefore, lenders must follow FHA and VA rules to ensure only loans that meet credit and underwriting criteria are insured or guaranteed by the government.

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Government Insurance Mortgage Legal 397

Housing Wire

APRIL 13, 2023

Sahi will be involved in all aspects of the corporate strategy, business development, sales and account management, the firm said Thursday. Ellie Mae was acquired by Intercontinental Exchange (ICE) in September 2020.

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Technology Mortgage Insurance Clients 305