Housing Wire

JUNE 30, 2023

million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. Like its peers, Movement has the authority to originate and underwrite loans without first having the government review them. FHA is part of the HUD.

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Government Insurance Mortgage Legal 382

Housing Wire

SEPTEMBER 20, 2023

The same home insurance scenario being played out in states like Florida and California due to elevated risk of natural disasters is becoming more pronounced in the Pacific Northwest according to a new report from the Seattle Times. No violation found.”

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Insurance Law Construction Government 393

Housing Wire

NOVEMBER 19, 2024

Rogers met with HousingWire to discuss his new role and cover a variety of topics, including artificial intelligence (AI), climate risk and land development. The insurance commissioner there declared 13 resiliency prerequisites. Obviously, insurance premiums have skyrocketed. John Rogers: I’m very fortunate to be in the role.

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Development Insurance Appraisal Real Estate 315

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

Appraisal Buzz

JULY 24, 2024

These factors, along with an increase in the population in high-risk areas, have made the market unstable and made it difficult for insurers to make ends meet. The average number of house insurance quotations accessible per person nationwide decreased by 27% between June 2023 and June 2024, partly due to regulatory obstacles.

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Insurance Buyers Marketing Business 370

Housing Wire

NOVEMBER 2, 2021

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan.

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Insurance Mortgage Development Valuation 352

Housing Wire

FEBRUARY 26, 2024

The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. And homeowners insurance costs are three times higher in Florida than the national average.

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HOA Law Insurance New Listings 482

Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. We haven’t seen any real data based on the conversation that it is going to save money.

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Insurance Legal Legal Fees HOA 316

Housing Wire

MARCH 5, 2024

Department of Housing and Urban Development (HUD) and state and local housing finance agencies,” according to the announcement. The third provision is an extension of the support from the Federal Financing Bank (FFB) for “a risk-sharing initiative between the U.S.

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Insurance Construction Government Design 446

Housing Wire

JANUARY 5, 2021

Conventional loans aren’t insured by the government but are backed by private lenders. That said, because conventional loans aren’t guaranteed by the government, they are usually harder to qualify for. These insured loans are a type of federal assistance and require as little as a 3.5% For example: Typical down payments.

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Insurance Government Buyers Real Estate 546

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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Government Finance Renovations Design 529

Housing Wire

SEPTEMBER 10, 2022

The loan program uses credit guidelines based on factors such as timely rent, utility bill, phone, and auto insurance payments. In December, the Department of Housing and Urban Development released guidance that SPCPs would not violate the Fair Housing Act, which has long discouraged creditors from developing programs.

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Insurance Development Finance Government 448

Housing Wire

JULY 12, 2024

It accused the lender of ”forging certifications and using unqualified underwriters to approve Federal Housing Administration (FHA) insured Home Equity Conversion Mortgages (HECM),” according to the original announcement. But by failing to develop causation evidence, the DOJ is now limited to seeking only civil penalties against Nutter.

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Government Insurance Development Law 354

Housing Wire

MARCH 29, 2024

The Federal Home Loan Bank system is made up of 11 regional banks that pass on discounted loans to their membership of banks, credit unions, and insurance companies. in government subsidies. Through these payouts, FHLBanks are redistributing a public subsidy as a profit to banks and insurance companies. billion dollars(!)

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Government Insurance Development Finance 426

Housing Wire

APRIL 19, 2022

Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. The Department of Housing and Urban Development said that the implementation of such an option could prevent “several thousand borrowers a year from foreclosure.”

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Insurance Development Mortgage Government 508

Housing Wire

MAY 15, 2024

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. This undermines Ginnie Mae’s ability to run a market-driven program.” This recommendation is based on two other ideas.

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Modernization Government Contracts Insurance 356

Appraisal Buzz

OCTOBER 1, 2024

Last year, National General Lender Services published an article highlighting that secondary perils, such as severe convective storms, wildfires, and river floods, are significantly impacting the insurance industry. Coupled with reforms in the state’s insurance code, the Florida insurance market is moving toward a more stable foundation.

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Insurance Marketing Law Modernization 221

Housing Wire

AUGUST 13, 2024

Influential housing nonprofit Enterprise Community Partners this week submitted a comment letter to the Federal Housing Finance Agency (FHFA) regarding the Duty to Serve (DTS) plans submitted by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

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Insurance Modernization Finance Government 364

Housing Wire

JANUARY 13, 2025

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are aiming to remind homeowners and renters impacted by the ongoing wildfires in Los Angeles of various relief options. Department of Housing and Urban Development (HUD).

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Mortgage Legal Insurance Development 379

Housing Wire

JULY 18, 2022

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. The connection between the upfront, annual and life-of-loan fees FHA borrowers pay and funding for, say, community development block grants, is not immediately apparent.

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Insurance Transportation Mortgage Government 455

Housing Wire

APRIL 14, 2023

Nearly 12 months have passed since Fannie Mae first announced it would in limited circumstances be accepting attorney opinion letters in lieu of title insurance. We will continue to share our concerns about Fannie Mae moving beyond its mission and into the business of title insurance.

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Insurance Government Real Estate Finance 363

Housing Wire

FEBRUARY 7, 2024

1, 2023, the jointly development Uniform Property Dataset (UPD) for the government-sponsored enterprises (GSEs) became active and included a data standard for condos, according to the Selling Guide. Lenders must be in compliance with these property insurance updates for all loans with application dates on or after June 1, 2024.

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Retail Project Management Insurance Landlords 408

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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Mortgage Insurance Design Government 493

Housing Wire

JULY 17, 2024

Department of Housing and Urban Development (HUD) on Wednesday proposed a new rule that would implement a permanent program to sell seriously delinquent single-family mortgages insured by the Federal Housing Administration (FHA).

Mortgage 356

Mortgage Government Insurance Development 356

Housing Wire

MARCH 31, 2022

Congress hopes to supplant the appraisal governing body at the center of the industry’s self-regulated framework and make public the trove of appraisal data held by the government-sponsored enterprises. It would specifically include census tract-level appraisal data from Fannie Mae , Freddie Mac , appraisal management companies.

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Appraisal Valuation Training Government 445

Housing Wire

AUGUST 6, 2024

Department of Housing and Urban Development (HUD), the FHA and the government-sponsored enterprises (GSEs) in collaboration with the Federal Housing Finance Agency (FHFA) — was designed to ”develop an aligned approach for both FHA-insured mortgages and those purchased or guaranteed by” the GSEs, HUD explained.

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Reconsideration of Value Appraisal Design Valuation 370

Appraisal Buzz

JUNE 27, 2024

Still , Vice Chair, Pulte Financial Services Sheri Thompson , EVP, Head of Affordable Housing, Walker & Dunlop Eileen Tu , VP, Mortgage Policy and Credit Development, Rocket Mortgage John Wiechmann , President/CEO, Midwest Housing Equity Group Inc.

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Development Finance Tenants Lending 395

Housing Wire

OCTOBER 18, 2023

Department of Housing and Urban Development (HUD), Julia Gordon. “We’re hoping to have a final policy [for the payment supplement partial claim] out before the end of the year, although I will say keep your fingers crossed that we don’t face any lapse in appropriations that would shut down the government.”

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Mortgage Government Insurance Tools 396

Housing Wire

MAY 20, 2024

Department of Housing and Urban Development (HUD) on Monday published a new version of its Single Family Housing Handbook 4000.1, In a section governing the processes of a financial assessment, certain definitions have been updated, including those for “effective income” (i.e.,

Reconsideration of Value 392

Reconsideration of Value Mortgage Inspection Insurance 392

Housing Wire

AUGUST 18, 2022

Government loans and conforming loans held for sale would have a 20% risk weight. Ginnie Mae, a government corporation under the auspices of the Department of Housing and Urban Development , guarantees securities backed by pools of mortgages insured by FHA, as well as the Department of Veterans Affairs and the Department of Agriculture.

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Government Mortgage Valuation Business 410

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

Housing Wire

SEPTEMBER 24, 2024

aka Nutter Home Loans , to resolve allegations that the lender had underwritten ineligible reverse mortgages to be insured by the Federal Housing Administration (FHA). Department of Housing and Urban Development (HUD)’s [FHA] that did not meet program eligibility requirements,” the announcement explained. government.

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Insurance Legal Government Law 259

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.

HOA 370

HOA Insurance Legal Fees Valuation 370

Housing Wire

MAY 23, 2024

This calculation includes median home prices , assuming a 10% down payment, as well as taxes, homeowners insurance and private mortgage insurance. Department of Housing and Urban Development ( HUD ). Median family income data is sourced from the U.S. With a nationwide shortage of roughly 1.5

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Supply Chain Insurance Training Construction 393

Housing Wire

SEPTEMBER 13, 2024

“With this draft ML, HUD is seeking to ensure that borrowers, closing agents, attorneys and title agents are aware of the partial claim subordinate lien amount owed by ensuring that the partial claim payoff is provided to the party requesting the payoff statement for the FHA-insured first mortgage,” the agency said.

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Insurance Design Agents Mortgage 414

Housing Wire

JUNE 11, 2024

Department of Housing and Urban Development (HUD) has terminated the Federal Housing Administration (FHA) direct endorsement approval for Open Mortgage in Iowa. “HUD In practice, the direct endorsement authority allows lenders to underwrite single-family mortgages and submit them to FHA for insurance endorsement.

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Mortgage Insurance Loan Officers Lending 404

Housing Wire

SEPTEMBER 11, 2023

Lesley Alli and Andrew Greenberg both joined NMI Holdings to serve as senior vice presidents, announced the parent company of National Mortgage Insurance Corporation Monday in a statement. Alli was named senior vice president of industry relations and corporate communications.

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Investors Insurance Finance Government 349