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To emphasize flood insurance costs, senator cites reverse mortgage borrower

Housing Wire

With flood insurance premiums commanding ever-higher prices, a U.S. senator recently described a hardship faced by a constituent who endured challenges with higher flood insurance costs while keeping a reverse mortgage in good standing. That’s on top of what they pay for homeowners insurance.” Bill Cassidy (R-La.).

Insurance 448
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CHLA: Here’s how to modernize ‘short-changed’ Ginnie Mae

Housing Wire

The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans. CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

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In the race to modernize title, firms double down on software

Housing Wire

So far his venture-backed title company has launched platforms that have sped up title clearance and title insurance acquisition, and they have their sights on expanding into the lending and appraisal space. As title insurers our business practices and our regulatory oversight are different in every single state,” Stone said. “So

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HUD watchdog makes 35 recommendations to shore up issues

Housing Wire

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) on Tuesday released its priority open recommendations report, submitted to HUD Secretary Marcia Fudge designed to highlight as-yet unaddressed risks in the management of the department.

Design 468
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Sagent’s Dara: Advancing mortgage loss mitigation

Housing Wire

To help overcome these obstacles, Sagent has created its Dara Loss Mitigation platform as a solution that modernizes how homeowners and mortgage servicers address financial hardship. The platform’s intelligent design is showcased by its ability to pre-populate borrower data, substantially reducing application completion time.

Mortgage 448
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Senators reintroduce bill to allow remote online notarizations

Housing Wire

.” The bill has been endorsed by a wide array of organizations, including ALTA, Mortgage Bankers Association (MBA), the National Association of Realtors (NAR), the American Council of Life Insurers (ACLI). “It makes sense to embrace remote online notarization as a permanent innovation.” million in the U.S. –

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CANDID and Atlantic Bay Mortgage forge strategic partnership

Housing Wire

Designed from the ground up based on the real-world experiences, pain points, and best practices, CANDID focuses on simplicity while delivering a consistent brand experience across every touchpoint—from its natively built POS, automated marketing content, and portals to fulfillment automations and client retention experience.

Mortgage 459