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New MBA securities proposal mentions HMBS 2.0 as ‘logistical template’

Housing Wire

could serve as a logistical template for such a product. Instead, it would be similar to Ginnie Mae HMBS (backed by FHA -insured reverse mortgage loans), where the investor is paid an accrued sum at the time the loan resolves. Therefore, HMBS 2.0 could serve as something of an example for Ginnie Mae to observe.

Logistics 234
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Porch breaks into insurtech with $100M acquisition

Housing Wire

Porch, led by CEO Matt Ehrlichman, acquired home insurance company Homeowners of America , mover marketing and data firm V12 , home inspection company Palm-Tech and roofing contractor software company iRoofing. The big acquisition is for Homeowners of America, an insurance company that operates in six states and is licensed in 31 more.

Insurance 460
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Mortgage industry takes another stand against the FHFA’s DTI fee

Housing Wire

Mortgage industry trade groups such as the MBA say the new deadline helps, but it doesn’t fix an unworkable problem that represents both a logistical nightmare and also confusion to the customer. But the DTI portion of the changes to the pricing grid was pushed back to Aug.

Logistics 448
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Porch acquires mortgage software firm Floify for $90M

Housing Wire

With the most recent acquisition of Floify, Porch will expand “its early access to high-intent homebuyers who need key services including insurance, warranty and moving services,” the company said in a statement.

Mortgage 418
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Opinion: Title companies committed to promoting homeownership for all

Housing Wire

Prospective homebuyers face an obstacle course of challenges – from financing to logistics – once they make the decision to purchase a home. Fees add up in transaction While the cost of title insurance is less than.5% ALTA has a website dedicated to informing consumers about the closing process and the benefits of title insurance.

Logistics 370
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Opportunities to improve the home-building process

Housing Wire

The build process was a logistical nightmare from start to finish. So many times I wondered to myself, “Why are site logistics and materials managed by someone in a truck writing on a notepad?” “Why I know that’s not the case for most people. There are tons of overlapping components to understand. Why are costs so unpredictable?”

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Selling your home to a family member in 5 easy steps

Housing Wire

Agree on how to proceed Start the conversation early so you all agree on the logistics of the sale from the beginning of the process. Close on the sale In 2024, sellers report paying $8,000 in closing costs , which include title insurance, a credit check, document prep, and other fees necessary to complete the sale.