Housing Wire

OCTOBER 21, 2024

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.

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Insurance Real Estate Agent Construction Development 448

Housing Wire

JUNE 13, 2022

Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $725 million in mortgage-risk coverage as part of the agency’s ongoing effort to share risk with private-sector insurers. billion of insurance coverage on $675.9 billion of insurance coverage on $675.9 If that $106.3

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Insurance Mortgage Design Finance 367

Housing Wire

NOVEMBER 21, 2022

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. . billion, did not have the required NFIP coverage.

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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. The third provision is an extension of the support from the Federal Financing Bank (FFB) for “a risk-sharing initiative between the U.S. There are three core provisions of the plan.

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Insurance Construction Government Design 446

Housing Wire

SEPTEMBER 23, 2020

There’s a mainstay in mortgage finance poised to help in working from home. The Federal Housing Administration’s 203(k) rehabilitation mortgage insurance program is designed for borrowers to renovate when they purchase or refinance.

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Renovations Insurance Home Improvement Design 541

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

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. “I

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Housing Wire

JULY 3, 2024

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.

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Mortgage Insurance Tools Law 400

Appraisal Buzz

NOVEMBER 3, 2021

Lender and servicer Guild Mortgage has introduced a new mortgage option designed to make it easier for medical professionals to buy their first home.

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Mortgage Design Insurance Finance 360

Housing Wire

MARCH 13, 2023

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , Treasury and introducing new technologies to the housing finance system. Founded in 1983, SVB specialized in banking for tech startups, providing financing for almost half of U.S.

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Insurance Government Design Finance 370

Housing Wire

JULY 6, 2023

Finance of America (FOA) announced Thursday that its indirect subsidiary Incenter closed the sale of its title insurance businesses. The company previously announced that it would be selling its title insurance businesses in early February. for $100 million, according to a filing with the U.S.

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Business Insurance Finance Retail 288

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 28, 2023

Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. The affiliation will provide The Agency’s agents with access to Bubble Insurance’s insurance coverage for their clients.

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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. In some markets, the answer is increasingly yes.

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HOA Insurance Legal Fees Valuation 370

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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Valuation Design Law Real Estate 375

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 White House estimates that this “will raise an additional $3.79 It is also wary of some of the proposals.

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Construction Renovations Insurance Landlords 531

Housing Wire

JANUARY 31, 2024

This is according to experts who spoke to personal finance website Bankrate about the concept of taking on a new mortgage in retirement. Reverse mortgage industry advocates say that this helps insulate retirement resources from traditional mortgage payments. 30-year mortgages were never meant to be for them.

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Property Taxes Mortgage Design Finance 379

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.

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Reconsideration of Value Appraisal Design Valuation 370

Housing Wire

AUGUST 15, 2024

There are many government program offerings designed to support low-income borrowers and underserved communities available through banks and credit unions, including: Federal Housing Administration (FHA): FHA provides mortgage insurance on loans made by FHA-approved lenders. This insurance protects lenders against losses.

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Housing Wire

DECEMBER 18, 2020

Here’s what you need to know about financing that purchase. A conventional loan is a smart way to finance an income-earning property. Since FHA loans are designed for primary residences only, you’ll need to live in the home for at least a year before renting it out. Are you thinking of buying a house to rent out on Airbnb?

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HOA Finance Investing Loan Officers 488

Housing Wire

MARCH 1, 2023

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

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Insurance Supply Chain Design Government 352

Housing Wire

JULY 31, 2024

The partners will conduct the “design, engineering, materials research, development, planning, and analysis” that is required for 3D printing of “high-quality, affordable, energy-efficient, and sustainable housing for communities in sub-arctic regions of Alaska,” HUD explained. and Fairbanks Materials Inc.

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Construction Technology Design Development 413

Housing Wire

MARCH 28, 2024

The result is that safe and affordable financing is out of reach for tens of thousands of credit-ready homebuyers looking to purchase a manufactured home. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications. Yet help might be on the way.

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Business Finance Lending Buyers 429

Housing Wire

MARCH 8, 2024

Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector. According to the Federal Deposit Insurance Corp. FDIC), banks held $2.78 trillion in residential mortgage debt as of first-quarter 2023.

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Real Estate Insurance Lending Retail 468

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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Mortgage Lending Loan Officers Design 416

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

JULY 19, 2024

This move is designed to “create an additional economic incentive to protect Ginnie Mae and taxpayers against a decline in collateral value,” Ginnie Mae explained when announcing the proposed term sheet. I do think [HMBS 2.0] will potentially increase investment and liquidity into the reverse mortgage market,” he said.

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Development Mortgage Design Government 382

Housing Wire

JULY 19, 2022

The lender’s 30-year crypto mortgage is designed to make it easy for investors to use their digital holdings to acquire homes in the U.S. Milo also offers a tech-enabled non-crypto mortgage product that serves U.S. and foreign nationals who want to purchase a home in the U.S., or pursue refinancing.

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Mortgage Design Insurance Lending 435

Housing Wire

NOVEMBER 30, 2023

The 203(k) Rehabilitation Mortgage Insurance Program helps borrowers purchase a home or refinance an existing mortgage and includes the cost of repairs or rehabilitation into one new mortgage. Also, in the limited program, the FHA proposes that consultant fees be included in the financed mortgage, as it is permissible in the standard version.

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Architecture Renovations Inspection Finance 438

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. Potter added: “Government lending would come to a halt.

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Agents Sellers Buyers Finance 470

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

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Tools Mortgage Finance Lending 384

Housing Wire

APRIL 27, 2021

The Consumer Financial Protection Bureau would designate the chairperson of the body.

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Appraisal Valuation Design Real Estate 397

Housing Wire

MAY 15, 2024

Former Ginnie Mae President Ted Tozer previously floated a plan in which there would be “debt guarantee for a Ginnie Mae issuer, collateralized by assets insured or guaranteed by a federal mortgage program agency.” CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

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Modernization Government Contracts Insurance 356

Housing Wire

JULY 10, 2024

It comes as the federal government pushes title insurance alternatives designed to save consumers money. Pontiac, Michigan-based UWM launched the TRAC+ in May to manage title review, closing, and disbursement for its brokers.

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Government Design Insurance Mortgage 395

Housing Wire

DECEMBER 24, 2020

Porch, a home services marketplace with partners in insurance, utilities, home inspection and moving, plans to use the cash to pursue acquisitions to seize the opportunity in real estate. acquisitions, divestitures and financings) of the Company.” They’ll also focus on the home insurance industry.

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Inspection Insurance Finance Valuation 344

Housing Wire

DECEMBER 30, 2024

New relationships are forming between insurers seeking long-term debt investments and managers specializing in origination, securitization, and sale of mortgage -backed securities. Historically, life insurance companies shied away from investing in residential mortgages.

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Insurance Investors Investing Mortgage 320

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. As the regulations currently stand, it falls on title insurers in the 12 GTOs to report these all-cash transactions. trillion in existing home sales in 2021.

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