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Florida has built 77,000 new homes in high-risk flood areas

Housing Wire

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. Big payouts from natural disasters are driving insurers to raise rates and pull back on coverage,” the report stated.

Insurance 497
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HUD translates 19 mortgage documents into five languages to broaden accessibility

Housing Wire

Department of Housing and Urban Development (HUD) on Wednesday announced that it has released five new language translations for 19 separate single-family mortgage documents used for Federal Housing Administration (FHA)-insured mortgage servicing. A full list of the newly translated documents is available on HUD’s website.

Mortgage 448
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NRMLA, MBA provide comments on HECM application, origination documents

Housing Wire

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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CRMLS to offer AI-powered property reports from RealReports

Housing Wire

RealReports compiles data from more than 60 industry sources, offering agents detailed property reports that include permit history, climate risk , flood insurance costs, liens, zoning details, and other critical information. Zach Gorman, co-founder and CEO of RealReports, emphasized the role of AI in simplifying data analysis for agents.

Realtors 295
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Florida-based LO accused of falsifying documents

Housing Wire

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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Advocus National Title starts virtual closing platform in Chicago

Housing Wire

Advocus National Title Insurance Co. has introduced GO Live, a virtual closing system designed to streamline real estate transactions for attorneys and their clients. GO Live allows attorneys to guide homebuyers through closing documents in real time, reducing errors and improving communication.

Insurance 204
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HUD seeks public comment on updates to reverse mortgage documents

Housing Wire

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.

Mortgage 448