Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Insurance 518

Insurance Easement Real Estate Investing 518

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

NOVEMBER 26, 2024

Matic announced that it has published its annual year-end trends and predictions report, which examines significant developments in the house insurance market and their effects on mortgage lenders and homeowners. Regulatory obstacles could still impede development, though. as opposed to 10.7%

Insurance 393

Insurance Marketing Development Mortgage 393

Appraisal Buzz

OCTOBER 3, 2024

First American Financial Corporation , a provider of title, settlement and risk solutions for real estate transactions, has published a data-driven analysis of the vital role that the title insurance industry plays in protecting the smooth functioning of the real estate economy in the United States.

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Insurance Real Estate Valuation Real Property 384

Housing Wire

NOVEMBER 19, 2024

John Rogers is a well-known name in the world of mortgage and real estate data analysis. 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.

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Development Insurance Appraisal Real Estate 315

Appraisal Buzz

JULY 24, 2024

The report highlights significant challenges faced by homeowners, mortgage entities, and the housing market as a whole due to record premium increases, ongoing new business restrictions, and carrier exits. Matic has published its mid-year premium trends study , which examines trends in homeownership from 2024’s first half. in 2023 and 5.9%

Insurance 370

Insurance Buyers Marketing Business 370

Housing Wire

JUNE 28, 2024

Title insurance provides vital protection to the largest and most important purchase most Americans will ever make—their home. Director Rohit Chopra himself, in a recent appearance before the House Financial Services Committee , shook his head “no” when asked whether title insurance was a “junk fee” in questioning from Rep.

Insurance 348

Insurance Property Taxes Sellers Development 348

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

JANUARY 18, 2024

Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of a new Home Equity Conversion Mortgage (HECM)-backed Security (HMBS) product. That’s all it says.”

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Development Government Insurance Mortgage 398

Housing Wire

MARCH 22, 2023

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. Take insurance, for example.

Insurance 384

Insurance Property Taxes Buyers Clients 384

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. The area was still cleaning up from Helene when Milton hit.”

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Insurance Real Estate Agent Construction Development 448

Housing Wire

JANUARY 10, 2025

Representatives from lenders and servicers, as well as individual originators, have told HousingWire s Reverse Mortgage Daily (RMD) that its imperative for borrowers to let their servicer know about anything that could impact the occupancy of their property due to the terms of Federal Housing Administration (FHA)-backed reverse mortgages.

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Insurance Mortgage Clients Finance 310

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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Mortgage Insurance Design Government 493

Housing Wire

JANUARY 13, 2025

Department of Housing and Urban Development (HUD). Once out of harms way, we encourage homeowners in these affected areas to contact their mortgage servicer to learn about relief options. At Freddie Mac, disaster relief options are available to anyone with a Freddie-backed mortgage that has been impacted by a natural disaster.

Mortgage 379

Mortgage Legal Insurance Development 379

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 Texas-based multichannel lender Open Mortgage has originated about $400 million in mortgages over the past 12 months, per mortgage tech platform Modex.

Mortgage 404

Mortgage Insurance Loan Officers Lending 404

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.

Mortgage 400

Mortgage Insurance Tools Law 400

Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. The rule, originally proposed in March 2023 , takes into consideration stakeholder comments.

Mortgage 444

Mortgage Finance Insurance Lending 444

Housing Wire

OCTOBER 3, 2024

For too long, the mortgage industry has used “the money gun” to deal with problems. Nowhere is that more evident than in the cost to manufacture a mortgage, which was more than $11,600 in the second quarter. It’s a challenge for the industry because of the high fixed-costs in manufacturing a mortgage, they said.

Insurance 331

Insurance Technology Lending Business 331

Appraisal Buzz

DECEMBER 17, 2024

The most recent Commercial Delinquency Report from the Mortgage Bankers Association (MBA) shows that commercial mortgage delinquencies rose in the third quarter of 2024. These groups collectively own almost 80 percent of the outstanding debt from commercial mortgages. percentage points from the second quarter of 2024.

Mortgage 397

Mortgage Investors Real Estate Development 397

Housing Wire

NOVEMBER 15, 2023

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) managed another solid year of financial performance for the Mutual Mortgage Insurance (MMI) Fund, covering FHA’s Title II Single Family Mortgage Insurance programs. 30, a year-over-year drop of 0.6%

Mortgage 393

Mortgage Insurance Business Inventory 393

Housing Wire

OCTOBER 27, 2023

One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company. The Real Estate Settlement Procedures Act (RESPA) ensures that homebuyers always have the legal right to consider alternative title insurance providers and can never be forced into using a particular provider.

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Insurance Real Estate Buyers Real Estate Agent 507

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. Violations identified vary across different stages of the loan process.

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Brokerage Mortgage Development Insurance 371

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. Valon intends to use the fresh capital to boost product development and expand its reach to new markets. The company is now servicing $65 million in mortgages, equating to 400% annualized growth.

Mortgage 393

Mortgage Real Estate Agent Technology Real Estate 393

Housing Wire

FEBRUARY 13, 2024

Mortgage tech firm TRAiNED Inc. hired two executives as it looks to take the company to its next phase of development. Department of Homeland Security and title insurance company Charter Title. MORI is a self-service system for automating steps within the labor-intensive mortgage origination workflow.

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Training Mortgage Design Insurance 423

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.

Mortgage 459

Mortgage Technology Tools Clients 459

Housing Wire

OCTOBER 21, 2020

The Department of Housing and Urban Development announced on Tuesday an extension allowing single-family homeowners with Federal Housing Administration -insured mortgages to request an initial forbearance through Dec 31, 2020. 16 the number of all mortgages in active forbearance hovered at 5.6%. million performing.

Insurance 544

Insurance Development Mortgage Finance 544

Housing Wire

MAY 20, 2024

This may lead an older homeowner to consider a product like a reverse mortgage, but potential borrowers should be aware of the product’s details and the informational resources they can access. She said that reverse mortgages can be expensive, which is why the product should be considered in concert with other options.

Mortgage 368

Mortgage Insurance Property Taxes Development 368

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. A reverse mortgage is a type of home equity loan extended, in most cases, to those who are 62 years of age or older,” the announcement stated.

Mortgage 403

Mortgage Property Taxes Design Insurance 403

Housing Wire

APRIL 19, 2022

The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies.

Insurance 508

Insurance Development Mortgage Government 508

Housing Wire

SEPTEMBER 15, 2023

government is seeking to sell $13 billion worth of mortgage bonds amassed after the failures of both Silicon Valley Bank (SVB) and Signature Bank earlier this year. The bonds are secured by “long-term, low-rate” loans made primarily to developers of low-income multifamily apartment complexes.

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Government Mortgage Insurance Investors 409

Housing Wire

MARCH 11, 2024

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. is a software development company that offers a digital loan origination system and POS for the mortgage industry. Founded in 2013, Floify — a subsidiary of Porch Group Inc. —

Mortgage 395

Mortgage Loan Officers Real Estate Agent Design 395

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.

Mortgage 438

Mortgage Marketing Design Insurance 438

Housing Wire

MARCH 5, 2024

The federally insured reverse mortgage known as a Home Equity Conversion Mortgage (HECM) is unique, as are the rates that impact the HECM product. Keep in mind that almost all HECMs are adjustable-rate mortgages (ARMs), and so each rate update will concentrate on ARMs. With a HECM loan, the U.S.

Mortgage 381

Mortgage Insurance Home Value Development 381

Housing Wire

SEPTEMBER 4, 2024

The Federal Housing Administration (FHA) on Wednesday published Mortgagee Letter (ML) 2024-18 , which implements updates to debenture interest rates and reimbursements for Home Equity Conversion Mortgage ( HECM ) program claims proposed in July. HERMIT was launched by HUD in October 2012 after a protracted development cycle.

Mortgage 404

Mortgage Legal Development Insurance 404

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.

Mortgage 416

Mortgage Lending Loan Officers Design 416

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, which includes numerous updates to its guidance for the Home Equity Conversion Mortgage (HECM) program overseen by the Federal Housing Administration (FHA).

Reconsideration of Value 392

Reconsideration of Value Mortgage Inspection Insurance 392

Housing Wire

MARCH 12, 2024

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. Of that total, $220 billion is estimated for standard forward mortgages and $17.9 federal government. billion is for HECM.”

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Mortgage Insurance Training Government 360