Housing Wire

APRIL 24, 2024

Department of Housing and Urban Development (HUD) on Wednesday announced new initiatives to bolster community protections against severe heat, an issue that has become more common nationwide. But now, we’re seeing insurance costs going up and people are deciding where to live based on the climate.

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Housing Wire

AUGUST 6, 2024

A policy designed for lenders to review and respond to borrower-initiated reconsideration of value (ROV) requests for appraisals — originally scheduled to be implemented between Aug. 29 and Sept. 2 — has been pushed back to Oct. The policy — announced in May by the U.S.

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Housing Wire

MARCH 5, 2024

Department of the Treasury on Tuesday announced a series of new initiatives designed to increase the supply of affordable housing across the country. Department of Housing and Urban Development (HUD) and state and local housing finance agencies,” according to the announcement. There are three core provisions of the plan.

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Housing Wire

DECEMBER 1, 2023

Name Job Title Company Name Aarne Huttunen Chief Product Officer CubiCasa Abhinav Asthana Head of Product Business and Growth Tavant Alissa Harper Chief Sales Officer Inside Real Estate Amit Arora Vice President of Investments Opendoor Arvind Mohan CEO Kiavi Brian McCarthy Director of Product Management Maxwell Brian Donnellan President and CEO Bright (..)

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Housing Wire

JUNE 1, 2023

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” And the design and development of the models and algorithms can reflect the biases and blind spots of the developers.”

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Housing Wire

MARCH 6, 2025

Department of Housing and Urban Development (HUD) Secretary Scott Turner is visiting the area alongside Kathryn Barger , chair of the Los Angeles County Board of Supervisors. The impacted presidentially declared major disaster area (PDMDA) has more than 100,000 FHA-insured mortgages. The announcement comes as U.S.

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Housing Wire

JUNE 30, 2023

The goal of the increase is to “enable a greater number of transactions to use standard underwriting processes when submitted for FHA Multifamily insurance,” the agency said. Anything we can do to prudently alleviate extra steps in obtaining FHA insurance will help all of us meet the housing supply challenges before us.”

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Housing Wire

JULY 31, 2024

Department of Housing and Urban Development (HUD) visited the University of Alaska at Fairbanks to tout the possibilities that 3D printing technology could bring to the construction of affordable housing in the U.S. They are also less likely to burn down or be blown down, which could be attractive for insurers.

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Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

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Housing Wire

JANUARY 5, 2021

Conventional loans aren’t insured by the government but are backed by private lenders. These insured loans are a type of federal assistance and require as little as a 3.5% But these loans are backed by the Department of Agriculture’s Rural Development Program and designed for rural or suburban home buyers.

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Housing Wire

OCTOBER 24, 2024

Valon intends to use the fresh capital to boost product development and expand its reach to new markets. Valon’s platform — the first of its kind to provide end-to-end mortgage servicing — was designed to boost efficiency and transparency for home buyers and sellers. The firm is currently valued at $1.1

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Housing Wire

MARCH 11, 2024

Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said. Founded in 2013, Floify — a subsidiary of Porch Group Inc. —

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Housing Wire

MAY 15, 2024

The plan makes four key recommendations, one of which is the development of a new liquidity facility for Ginnie Mae issuers that would “facilitate servicer advances/pool buyouts,” the plan explained. CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

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Housing Wire

JULY 31, 2024

Roughly one month ago, Ginnie Mae released a term sheet for a highly anticipated new development for the reverse mortgage industry: a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as HMBS 2.0. Still a developed private-label structure has managed to withstand a lot of market distress, he said. “So,

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Housing Wire

MARCH 8, 2024

“The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector. FDIC), banks held $2.78

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Housing Wire

JANUARY 10, 2024

Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development. Obviously we have a forward lending division, we have the reverse mortgage lending division and a commercial panel, as well as an insurance company.

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Housing Wire

JANUARY 5, 2022

But rather than adhering to the program, some mortgage servicers of FHA-insured loans allegedly sent borrowers notices that fail to mention the relief options, requiring paperwork and imposing qualifications that are not necessary under the FHA’s guidelines. FHA required mortgage servicers to implement the program by Oct.

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Housing Wire

JULY 18, 2024

Department of Housing and Urban Development (HUD) never fully implemented this. “To That process would allow HECM holders to “request an adjustment for mortgages that became due and payable on or after September 19, 2017, and filed a claim prior to the effective date of the final ML, if an insurance claim was paid in cash,” FHA explained.

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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.

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Housing Wire

MAY 6, 2024

In particular, HUD Form 92900–C is designed to “collect loan-level data that is needed for insuring purposes and not found on Fannie Mae form 1003,” according to the original announcement. Following an announcement that the U.S. HUD also plans to replace its use of some internal forms, including one used in conjunction with U.S.

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Housing Wire

NOVEMBER 1, 2024

Similar to the HousingWire TECH100, which celebrates the most innovative companies in mortgage and real estate tech, Tech Trendsetters highlights the individuals who are developing cutting-edge technology and leading innovation for their clients in these industries. This year, 75 honorees were selected. Take a look at the full list below.

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Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

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Housing Wire

JANUARY 13, 2025

Department of Housing and Urban Development (HUD). Cyndi Danko, Fannie Maes senior vice president and chief credit officer of single-family, added that the company is continuing to monitor developments related to the wildfires and urges impacted homeowners to immediately contact their loan servicer.

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Housing Wire

AUGUST 7, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Ubitquity , developer of a blockchain-secured platform for real estate and title recordkeeping, has announced a new partnership with Rainier Title.

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Housing Wire

FEBRUARY 13, 2024

hired two executives as it looks to take the company to its next phase of development. Department of Homeland Security and title insurance company Charter Title. It is designed to streamline the loan manufacturing process while eliminating the need for employee adoption. Mortgage tech firm TRAiNED Inc.

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Housing Wire

APRIL 29, 2024

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A Department of Housing and Urban Development (HUD)-approved counseling prior to closing the loan.

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Housing Wire

MARCH 7, 2024

The White House also pointed out last year’s reduction to the mortgage insurance premium (MIP) for Federal Housing Administration (FHA) mortgages, which save “an estimated 850,000 homebuyers and homeowners an estimated $800 per year.” The NHC lauded the development. The White House estimates that this “will raise an additional $3.79

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Housing Wire

MARCH 17, 2023

Future development projects will follow this collaborative approach with our clients and strategic partners. The firm’s automated underwriting tech is designed to augment human underwriters’ capabilities, allowing underwriters to handle more loans. In August 2021, Candor raised $12.5

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Mortgage Technology Clients Development 370

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. This is a huge boon for the program as seller concessions have not been allowed within the FHA-insured program since its inception. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).

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Finance Real Estate Agent Real Estate Insurance 482

Appraisal Buzz

MAY 6, 2024

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. ICON, an Austin based firm, has developed a 3D printed wall system.

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Housing Wire

DECEMBER 13, 2024

The Mortgage Bankers Association (MBA) this week published a proposal for Ginnie Mae to develop a new mortgage securitization product that could boost the availability of private capital liquidity sources into the market, particularly in periods of stress for the U.S. could serve as a logistical template for such a product.

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Housing Wire

JULY 8, 2024

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. The home, designed by Lloyd Wright for real estate developer Joseph Jacob (JJ) Walser Jr.,

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Mortgage Design Architecture Market Value 424

Housing Wire

APRIL 25, 2024

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) counseling program was cited as an example. This program provides counseling to all applicants of the federally insured reverse mortgage program, the Home Equity Conversion Mortgage program,” the report stated. “The

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Mortgage Government Law Design 436

Housing Wire

MAY 26, 2022

A spokesperson from Department of Housing and Urban Development’s Office of Inspector General said that the loans funded were FHA-insured loans. She allegedly created phony prepaid debit card statements designed to serve as records of the borrowers withdrawing the monthly child support payments.

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Loan Officers Clients Design Insurance 435

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.

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Housing Wire

FEBRUARY 22, 2022

Lenders are left to their own devices to design the programs, based on guidelines from the CFPB, and hope they get it right. If the regulators were willing to give someone a decision with a safe harbor behind it, lenders would be much more inclined to develop the programs,” said Arculin. “If

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Housing Wire

APRIL 22, 2024

To convert these leads into business, the brokerage developed teams — also called units — headed by captains who are successful agents with high lead conversion rates. Meanwhile, a customer relationship management system, along with experts in marketing, sales and other areas, are designed to support these teams, he said. “If

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