Appraisal Buzz

APRIL 6, 2022

Insurance Office of America (IOA) is integrating SimplyIOA, an insurtech company with a fully integrated digital platform for comparing, quoting and purchasing homeowners insurance online quickly. SimplyIOA is designed for seamless integration into point-of-sale systems, loan origination servicing and self-servicing platforms.

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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

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Housing Wire

JANUARY 5, 2022

Some Federal Housing Administration -approved mortgage servicers have routinely flouted the agency’s loan modification program, according to Washington, D.C. 21 letter that a number of mortgage servicers employed by FHA-approved lenders failed to adequately implement loan modification options the FHA introduced in July.

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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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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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Housing Wire

SEPTEMBER 6, 2024

In an industry where managing a web of technology vendors to support LO’s sales and marketing needs has become overwhelmingly complex, inefficient and creates unnecessary security and compliance risks, CANDID is quickly becoming a leader in transforming how mortgage lenders operate.

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Housing Wire

JANUARY 13, 2025

Once out of harms way, we encourage homeowners in these affected areas to contact their mortgage servicer to learn about relief options. If homeowners have been impacted by the fires, we encourage them to call their mortgage servicer for assistance as soon as possible, she said in a statement.

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Mortgage Legal Insurance Development 379

Housing Wire

MARCH 11, 2024

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. Broker Edition is designed to provide an intuitive loan management portal for borrowers while making loan management simpler at an accessible price point.

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Mortgage Loan Officers Real Estate Agent Design 395

Housing Wire

OCTOBER 24, 2024

Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week. It is utilizing a cross-selling strategy that offers additional products to its existing customers in an evolving mortgage landscape.

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Mortgage Real Estate Agent Technology Real Estate 393

Housing Wire

FEBRUARY 13, 2024

Mortgage tech firm TRAiNED Inc. Department of Homeland Security and title insurance company Charter Title. In 2017, Cunningham, de Jong and three others founded Sales Boomerang, an automated borrower intelligence and retention system for the mortgage industry. It aims to save clients an average of 15 hours per week on labor.

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Housing Wire

DECEMBER 1, 2022

Sales Boomerang and Mortgage Coach announced an API integration between Mortgage Coach and SaaS technology provider Polly on Thursday. Now, lenders can merge the benefits of our high-performance PPE with Mortgage Coach’s ability to multiply borrower conversion,” said Adam Carmel, founder and CEO of Polly, in a statement.

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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. The post Guild Mortgage Launches Loan Program For Medical Professionals appeared first on Appraisal Buzz. The program offers loans up to $850,000. “At.

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Mortgage Design Insurance Finance 360

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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Housing Wire

JULY 19, 2022

Miami-based fintech Milo has closed $10 million in cryptocurrency mortgages since unveiling the product earlier this year, the company announced early Tuesday. 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. or pursue refinancing.

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Mortgage Design Insurance Lending 435

Housing Wire

JANUARY 10, 2024

University Bank ’s reverse mortgage division has added four key hires across different disciplines as it prepares to grow further in the reverse mortgage space. Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year.

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Mortgage Lending Loan Officers Design 416

Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The new API integration will feed real-time data from Polly’s cloud-based PPE into Mortgage Coach’s total cost analysis (TCA) presentation.

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Mortgage Project Management Insurance Loan Officers 403

Housing Wire

APRIL 29, 2024

The attorney general of Michigan has re-released a consumer alert about the reverse mortgage product category during financial literacy month. 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

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Mortgage Property Taxes Design Insurance 403

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. Age information is collected at the time of origination, but only for Home Mortgage Disclosure Act (HMDA) purposes. 30-year mortgages were never meant to be for them. So she was approved.”

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Property Taxes Mortgage Design Finance 379

Housing Wire

OCTOBER 22, 2024

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.

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Mortgage Modernization Technology Design 365

Housing Wire

APRIL 29, 2024

Intercontinental Exchange (ICE) introduced MSP Digital Experience (MSP DX), a conversational user interface designed to interact with the company’s leading mortgage servicing system, MSP. MSP DX provides servicing professionals with an intuitive, dynamic and conversational approach to working within MSP.

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Mortgage Technology Training Valuation 363

Housing Wire

SEPTEMBER 13, 2024

The Federal Housing Administration (FHA) this week published a newly proposed Mortgagee Letter on its Single Family Drafting Table , which would align mortgage borrowers and originators in their understanding of how much is owed on a partial claim. Stakeholders are invited to submit their comments on the proposal through Oct.

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Insurance Design Agents Mortgage 414

Housing Wire

JUNE 21, 2024

The Federal Housing Finance Agency (FHFA) on Friday announced that it has given conditional approval for Freddie Mac to begin purchasing closed-end second mortgages through a pilot program. The program is only for primary residences and the first mortgage must have a minimum seasoning period of 24 months. Thompson said in a statement.

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Mortgage Marketing Design Insurance 438

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

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Mortgage Government Retail Lending 502

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

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Mortgage Clients Insurance Tools 416

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” To get a better idea of the potential impact that HMBS 2.0

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Development Mortgage Design Government 382

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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Mortgage Tools Design Development 367

Housing Wire

JULY 18, 2024

The Federal Housing Administration (FHA) this week published a new proposed policy for the Home Equity Conversion Mortgage ( HECM ) program, which would update the way debenture interest rates for HECM loans operate. But the U.S. Department of Housing and Urban Development (HUD) never fully implemented this.

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Mortgage Design Insurance Lending 340

Housing Wire

JANUARY 5, 2021

But the truth is, your down payment depends on your lender, credit score and the type of mortgage you qualify for. A down payment is the money you pay upfront when applying for a mortgage to buy a home. For most mortgages, lenders require a down payment. Here’s what to expect in the mortgage application process.

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Insurance Government Buyers Real Estate 546

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. trillion in residential mortgage debt as of first-quarter 2023. FDIC), banks held $2.78

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Real Estate Insurance Lending Retail 468

Housing Wire

JANUARY 10, 2024

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.

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Housing Wire

MARCH 18, 2022

When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. You are the reverse mortgage department,” he said. The partner smiled. “

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Real Estate Real Estate Agent Mortgage Agents 451

Housing Wire

AUGUST 29, 2024

Richelle Hopkins of Mutual of Omaha Mortgage has been a reverse mortgage professional for 20 years, moving to Arizona in 2006. At a recent WIFS Phoenix event, Hopkins was able to bring a discussion about reverse mortgages to attendees and sat down with HousingWire ’s Reverse Mortgage Daily (RMD) to share details about the experience.

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Housing Wire

JANUARY 14, 2025

Rocket Companies , the parent of Rocket Mortgage , on Tuesday unveiled a refresh to its brand identity in an effort to unify Rocket’s many companies under a single umbrella. Additionally, Amrock Title Insurance Co. has relaunched as Rocket Title Insurance Co. Additionally, Amrock Title Insurance Co.

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Housing Wire

SEPTEMBER 17, 2021

The mortgage industry must be proactive in examining programs that can help borrowers recover from — and remain resilient to — disasters like these. The mortgage industry immediately recognized the need to help borrowers who were impacted by COVID-19 and would be unable to make their mortgage payments as a result.

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Mortgage Technology Insurance Government 433

Housing Wire

SEPTEMBER 27, 2023

Homebuyers faced surging mortgage costs, fees and monthly payments in 2022 amid a tightening monetary policy designed to combat persistent inflation. ” To illustrate, the median interest rate for a 30-year fixed-rate mortgage at the end of 2022 was 6.5%, per the CFPB report. . At Mortgage News Daily , it was at 7.50%.

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Mortgage Design Insurance Marketing 391

Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government.

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Lending Advertising Mortgage Government 371

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 320