Housing Wire

JANUARY 24, 2024

But there appears to be a light at the end of the tunnel as mortgage rates are expected to steadily decrease, allowing homeownership to be within reach for more Americans. Even as home prices began to decrease last year, mortgage rates remained high, leading both buyers and sellers to stay out of the housing market. by the end of 2024.

Insurance 469

Insurance Sellers Buyers Housing Market 469

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 398

Insurance Property Taxes Sellers Development 398

Housing Wire

MARCH 24, 2022

The Federal Housing Administration insured thousands of mortgages in 2020 without the mandatory flood insurance coverage. billion, an audit released this week by the Department of Housing and Urban Development Office of Inspector General found. FHA does not permit borrowers to opt for private flood insurance.

Insurance 398

Insurance Mortgage Government Development 398

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 429

Insurance Technology Lending Business 429

Housing Wire

DECEMBER 16, 2022

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Title insurance is different than most other insurance products. Diane Tomb, ALTA CEO Contributor.

Insurance 493

Insurance Government Legal Fees Real Estate 493

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.

Insurance 398

Insurance Mortgage Development Valuation 398

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.

Insurance 370

Insurance Mortgage Realtors Design 370

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.”

Development 450

Development Government Insurance Mortgage 450

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.”

Insurance 436

Insurance Law Construction Government 436

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 436

Insurance Property Taxes Buyers Clients 436

Appraisal Buzz

NOVEMBER 9, 2021

MGIC Investment Corporation’s principal subsidiary Mortgage Guaranty Insurance Corporation (MGIC) has announced that Sri Kadasinghanahalli joined the company on October 18, 2021 as Vice President of Systems Development.

Insurance 195

Insurance Mortgage Modernization Technology 195

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 519

Insurance Easement Real Estate Investing 519

Housing Wire

NOVEMBER 29, 2024

The Federal Housing Administration (FHA) announced this week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. The HECM limit is unique when compared to FHA limits that govern Title II forward mortgage lending programs. But seniors hold onto a large portion of the nation’s housing wealth.

Mortgage 363

Mortgage Insurance Home Value Local Properties 363

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 450

Mortgage Insurance Tools Law 450

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 476

Mortgage Insurance Loan Officers Lending 476

Housing Wire

NOVEMBER 18, 2024

People often disregard reverse mortgages as being too complex. When explained properly, borrowers can easily understand the concept of a reverse mortgage. Therefore, when lenders and loan originators decide to offer reverse mortgage products, the first step is to learn the terminology that makes those loan products different.

Mortgage 369

Mortgage Property Taxes Insurance Development 369

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 450

Mortgage Real Estate Agent Technology Real Estate 450

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.”

Insurance 497

Insurance Real Estate Agent Construction Development 497

Housing Wire

NOVEMBER 26, 2024

The limit for federally backed reverse mortgages is increasing for the ninth consecutive year. That’s up $59,925 from the current limit of $1,149,825 for Home Equity Conversion Mortgages (HECMs), which equates to an increase of roughly 5%. compared to third-quarter 2023. . compared to third-quarter 2023. million for the first time.

Lending 369

Lending Insurance Development Finance 369

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 450

Mortgage Insurance Business Inventory 450

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.

Brokerage 449

Brokerage Mortgage Development Insurance 449

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.

Insurance 413

Insurance Legal Legal Fees HOA 413

Housing Wire

NOVEMBER 12, 2021

Shannon Foglia Brandy was pretty certain she wanted a career in public relations, but after a summer internship before her senior year at Bryant University, she began considering a career in the field of title insurance. “I But as a woman in her mid-20s, Foglia Brandy is something of an anomaly in the title insurance industry.

Insurance 398

Insurance Agents Technology Business 398

Housing Wire

JUNE 21, 2022

billion in title insurance premium volume during the first quarter of 2022, compared to $5.68 The title insurance industry had a record year in 2021 , generating $26.2 billion in premiums, which ALTA attributed to historic mortgage origination activity and the substantial increase in home values. WFG National Title Insurance Co.

Insurance 323

Insurance Home Value Contracts Marketing 323

Appraisal Buzz

NOVEMBER 15, 2024

Vandad Fartaj has joined retail mortgage lender CrossCountry Mortgage (CCM) as chief investment officer. Each has an extensive background in mortgage finance. CrossCountry Mortgage currently has more than 7,000 employees operating over 700 branches and servicing loans across all 50 states, D.C. and Puerto Rico.

Marketing 195

Marketing Mortgage Retail Investing 195

Appraisal Buzz

OCTOBER 11, 2024

Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Independent mortgage banks play a key role in making this a reality, and this summit will shine a spotlight on their essential contributions to our housing market.”

Mortgage 370

Mortgage Marketing Finance Retail 370

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 449

Mortgage Insurance Property Taxes Development 449

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 460

Mortgage Legal Development Insurance 460

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.

Finance 445

Finance Mortgage Real Estate Agent Insurance 445

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 469

Mortgage Finance Insurance Lending 469

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 461

Mortgage Technology Tools Clients 461

Housing Wire

NOVEMBER 13, 2024

Reverse mortgage educators Dan Hultquist and Jim McMinn brought their “Rules of the Game” presentation back to this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego. Wilson,” began McMinn to a hypothetical reverse mortgage customer. The whistle blew immediately.

Mortgage 369

Mortgage Home Value Insurance Tools 369

Appraisal Buzz

NOVEMBER 1, 2024

The Five Star Institute Webinar series aims to broaden the horizons of the mortgage industry. In today’s mortgage industry, missed deadlines, missing origination documents, and compliance risks can result in significant financial losses. During her years at PennyMac, she was instrumental in developing an internal REO rental program.

Mortgage 367

Mortgage Investors Insurance Construction 367

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 458

Mortgage Government Insurance Development 458

Appraisal Buzz

OCTOBER 28, 2024

Department of Housing & Urban Development (HUD) have released new appraisal data from loan applications on single-family mortgages submitted to HUD’s Federal Housing Administration (FHA). The appraisal-level PUF for single-family mortgages acquired by the GSEs covers a sample of approximately 1.5

Appraisal 409

Appraisal Insurance Valuation Property Appraisal 409

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.

Training 450

Training Mortgage Design Insurance 450