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Highly leveraged loans on the GSEs’ books are a real fiscal danger, Calabria argues

Housing Wire

The spread on mortgage-backed securities (MBS) trouble many industry professionals, and at a recent roundtable discussion, it spurred an interesting discussion on the degree of risk being absorbed by Fannie Mae and Freddie Mac. Taylor Stork , the president of CHLA and the chief operating officer of Developer’s Mortgage Co.

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Opinion: Title and settlement fees aren’t a barrier to homeownership

Housing Wire

The figures are shown for a borrower with an average purchase price of $318,000 in 2020 and assumes that the borrowing household will keep the loan for seven years. Homeowner’s insurance, the servicer, and even the GSE (the actual holder of the default risk on the mortgage), represent small overall costs by comparison.

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Mr. Cooper exits reverse servicing space with sale to MAM

Housing Wire

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM).

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When borrowers ‘ghost’ their servicers

Housing Wire

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. We know who the borrowers are. We service their loans. of the U.S.

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How a D.C.-based reverse mortgage assistance program was revived

Housing Wire

At the end of August, the District of Columbia Housing Finance Agency (DCHFA) announced that it had relaunched its Reverse Mortgage Insurance & Tax Payment Program (ReMIT), which originally began in 2019 and expanded in 2020 before being halted at the end of 2021. They were very vocal that there was still a need,” she said.

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The Treasury’s $10B Homeowners Assistance Fund

Housing Wire

Trouble paying for firewood, heating oil or back property taxes for your home because of Covid-19? In March, Congress allocated $10 billion in funds to prevent homeowners from falling behind on their mortgage, losing utility services, or being displaced. The Homeowners Assistance Fund (HAF) can help with that.

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What Are the VA Loan Benefits for Disabled Veterans?

Quicken Loans

Disclaimer: Beginning January 1, 2020, the VA funding fee will be changing to a range of 1.4% – 3.6% It offers the chance to get into a home without a down payment and a one-time funding fee in place of mortgage insurance. No private mortgage insurance (PMI). What Are The Benefits Of VA Loans For Disabled Veterans?