Housing Wire

MAY 6, 2024

In particular, HUD Form 92900–C is designed to “collect loan-level data that is needed for insuring purposes and not found on Fannie Mae form 1003,” according to the original announcement. Following an announcement that the U.S. HUD also plans to replace its use of some internal forms, including one used in conjunction with U.S.

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Housing Wire

MAY 26, 2022

A spokesperson from Department of Housing and Urban Development’s Office of Inspector General said that the loans funded were FHA-insured loans. The DOJ contends the loan officer would then submit loan applications with the phony supporting documents to her company’s underwriting department.

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Loan Officers Clients Design Insurance 435

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 448

Housing Wire

MARCH 14, 2024

Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. Sarmiento reportedly requested the documentation for a refund on Jan.

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Insurance Mortgage Development Legal 497

Housing Wire

MARCH 9, 2022

International governance, risk and compliance giant Wolters Kluwer has inked a deal to acquire International Document Services (IDS) for $70 million in cash. IDS, currently owned by the Reynolds and Reynolds Company , is among the top providers of compliance and document generation software solutions for the mortgage and real estate industry.

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Lending Government Law Insurance 397

Housing Wire

OCTOBER 9, 2024

The home insurance marketplace has been facing a reckoning. The challenges that higher costs place on carriers, regulators , lenders and consumers has been well documented this year, and the acceleration of extreme weather events has only made things worse. Stork relayed a personal anecdote.

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Insurance Mortgage Property Taxes Construction 459

Housing Wire

MAY 21, 2024

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. This increased interest is being led by private equity investors and insurance companies.

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Insurance Mortgage Investors Finance 488

Housing Wire

OCTOBER 2, 2023

Passage allows Congress to fund the government for 45 days, provide $16 billion in disaster assistance, and temporarily extend the National Flood Insurance Program. In the meantime, Congress continues to work on a long-term reauthorization of the program, the National Association of Realtors (NAR) said in an FAQ document released last week.

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Insurance Government Home Value Realtors 448

Housing Wire

SEPTEMBER 19, 2022

Mortgage tech startup Staircase says it has launched a tool that enables mortgage insurers to automate the underwriting of non-delegated mortgage insurance (MI) policies for lenders at about half of the typical cost. In the delegated channel, the lender underwrites the loan for mortgage insurance and submits it to the mortgage insurer.

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Insurance Tools Mortgage Valuation 370

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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Housing Wire

APRIL 14, 2022

Fannie Mae generated some buzz last week when it announced it would be accepting written attorney opinion letters in lieu of a title insurance policy “in limited circumstances.”. Title insurance came to be because attorney title opinions were not adequate for the marketplace.

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Insurance Renovations Real Estate Law 418

Housing Wire

MAY 16, 2022

Polly , a software-as-service mortgage technology firm that operates a loan-trading platform, integrated with six mortgage insurance providers to streamline the mortgage process for loan officers and mortgage lenders. . When a quote is selected, the user will receive documentation from the applicable mortgage insurance provider.

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Insurance Mortgage Investors Tools 370

Housing Wire

JULY 26, 2023

We immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem,” Armstrong, a Compass agent in San Diego, told HousingWire’s Brooklee Han in a feature we published Tuesday. Insurance policies for homeowners are skyrocketing. The result?

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Insurance Housing Market Marketing Supply Chain 370

Housing Wire

JULY 25, 2023

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”

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Insurance Housing Market Marketing Agents 370

Housing Wire

DECEMBER 29, 2021

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. of the market, should be too concerned about the rise of the little guy.

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Insurance Real Estate Technology Business 417

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

OCTOBER 27, 2023

Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company. To many, homebuying is a daunting, often confusing process.

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Housing Wire

JANUARY 10, 2022

HousingWire recently spoke with Tom Kriby, Vice President of Client Development and Partnerships at Westwood Insurance, about how insurance issues can hold up a home closing and how lenders can integrate insurance into their process to help their homebuyers avoid delays. HW: How can lenders help homebuyers avoid closing delays?

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Insurance Inspection Technology Clients 511

Housing Wire

APRIL 17, 2023

Some vendors push alternative title insurance products that are marketed as cheaper options. The updates allow the use of unregulated title insurance alternatives in lieu of title insurance policies in limited circumstances. They claim to offer the same or a similar level of protection as title insurance.

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Insurance Technology Real Estate Finance 448

Housing Wire

FEBRUARY 19, 2021

Home insurance hiccups. Your lender is going to require an adequate home insurance policy before they’ll close on your loan. There also may be cases when a home isn’t insurable. This might occur if the previous homeowner made an insurance claim for some sort of high-risk condition — like mold or severe water damage.

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Insurance Loan Officers Housing Market Appraisal 535

Housing Wire

JULY 24, 2024

In the letter, the officials expressed concerns over the revived pilot program that aims to remove the title insurance requirement for certain loans sold to Fannie Mae. The pilot program will shift title risk on refinanced loans purchased by Fannie Mae from state-regulated title insurance companies to Fannie Mae itself,” the letter stated.

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Insurance Training Finance Investing 459

Housing Wire

NOVEMBER 29, 2021

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. This frequently results in delayed document review and general inefficiencies in pre-closing procedures.

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Insurance Real Estate Agent Brokerage Agents 432

Housing Wire

MAY 20, 2024

While there are dozens of changes published throughout the full document, Section II B that encompasses guidance for the HECM program received numerous updates on several different topics. These updates follow a long-awaited overhaul of the HECM sections of the handbook published in late 2023.

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Reconsideration of Value Mortgage Inspection Insurance 459

Housing Wire

OCTOBER 27, 2021

risk findings per loan, across risk metrics such as licensed parties, wires, CPL data accuracy and CPL validity with title insurers. Additionally, insurance costs continue to rise for errors and omissions insurance and professional liability. increase in CPL/agent validation errors with title insurers, and a 12.8%

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Insurance Agents Technology Law 476

Housing Wire

DECEMBER 26, 2023

.” “Based on our investigation, we understand that your name, address, social security number, and loan number may have been obtained by the unauthorized third party,” the document states. The infamous ransomware gang AlphV/BlackCat claimed to be behind the attack. District Court for Central California.

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Law Contracts Insurance Clients 505

Housing Wire

APRIL 13, 2022

Title insurance protects borrowers from financial loss if the lender discovers a defect in the title to the property (for example, a previous mortgage) and demands a borrower to pay back the loan. Perhaps the interesting part regarding conformity in title insurance fees is found in Section 8 of RESPA (12 U.S.C.

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Lending Insurance Legal Business 397

Housing Wire

JUNE 4, 2024

The company that aimed to instigate the auction did not appear to be real, and the documents supporting their claim were suspect, according to reporting from the The Associated Press. The first is to be alert to early warning signs, since a scammer will often try to impersonate you with forged documents.

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Mortgage Insurance Real Estate Sellers 488

Housing Wire

DECEMBER 14, 2020

Nexsys Technologies , a subsidiary of Rocket Companies , launched its Clear HOI platform for all mortgage lenders on Wednesday – a new product it says will cut homeowners’ insurance verification time to mere minutes. Other insurance companies already integrated with the platform include Allstate , Liberty Mutual and Farmers Insurance.

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Mortgage Insurance Lending Technology 414

Housing Wire

JANUARY 19, 2023

Title insurance is one such proven product with a long history of protecting homeowners’ right to property. Before title insurance, property rights were not guaranteed. But in 1868, a Pennsylvania Supreme Court decision led to the codification of the incorporation and regulation of title insurance companies into law.

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Insurance HOA Real Estate Law 476

Housing Wire

AUGUST 29, 2024

Clients can quickly shop, purchase, and manage their insurance in a complex market, thus a timely value-add for customers. For partners, VIU provides new ancillary revenue to off-set rising interest rates and inflation. 2 The system drastically reduces time spent on data transformation and integration, ensuring accuracy and consistency. #3

Brokerage 434

Brokerage Insurance Clients Marketing 434

Housing Wire

OCTOBER 4, 2023

The first update is a change to the documentation requirements for rental income that is used in a qualifying decision. “We If only one of these is available to the appraiser, that will satisfy compliance with the Selling Guide,” the update document explained. “If 1, 2024.

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Government Insurance Construction Business 476

Housing Wire

DECEMBER 27, 2023

The nation’s second largest title insurer , First American , as well as some of its subsidiaries, remain offline as of Wednesday morning in the wake of the title firm’s Dec. The First American Financial umbrella includes First American Title Insurance and First American Title Guaranty , as well as nearly two dozen subsidiaries.

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Sellers Insurance Valuation Technology 508

Housing Wire

OCTOBER 4, 2022

Closing fee-related compliance tool provider LodeStar is integrating with title insurance provider Stewart , the companies said Monday. Users can also streamline cost estimates and documents mandated by the TILA-RESPA Integrated Disclosure Rule (TRID) such as the Loan Estimate (LE).

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Human Resources Loan Officers Insurance Tools 448

Housing Wire

MARCH 12, 2024

The budget also requests $400 billion in loan guarantee commitment limitation for the Mutual Mortgage Insurance (MMI) Fund through September 2026, which is “sufficient authority for insurance of all single family forward mortgages and HECMs,” the document reads. Total loan volume projected for all MMI programs for 2025 is $237.9

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Mortgage Insurance Training Government 456

Appraisal Buzz

SEPTEMBER 1, 2024

In July, HUD, through the Federal Housing Administration (FHA), made available translated versions of 19 single-family mortgage documents used in the servicing of FHA-insured mortgages. These documents will be available in Chinese, Korean, Spanish, Tagalog, and Vietnamese.

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Insurance Clients Training Law 360

Housing Wire

MARCH 11, 2024

Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said.

Mortgage 448

Mortgage Loan Officers Real Estate Agent Design 448

Housing Wire

JULY 16, 2024

Mortgage insurer Radian Group plans to lay off 70 employees in Pennsylvania in September, according to a Worker Adjustment and Retraining Notification (WARN) sent to the state’s Department of Labor and Industry. In the document filed July 12, the company said that the facility will not be closed as a result of workforce reduction.

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Insurance Loan Officers Technology Real Estate 434