Housing Wire

FEBRUARY 14, 2025

A bill in the state of Hawaii that seeks to establish a state-run equivalent of the Federal Housing Administration (FHA)s Home Equity Conversion Mortgage ( HECM ) program appears to be dead in its current form, having failed to reach key deadlines following its submission to three different legislative committees.

Mortgage 286

Mortgage Finance Contracts Insurance 286

Housing Wire

MARCH 3, 2025

A bill that would seek to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product inside New York state is getting pushback from industry advocates. Leroy Comrie (D-Queens), who introduced the bill on Jan. Again, it’s very concerning, Irwin said.

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Mortgage Law Property Taxes Clients 248

Housing Wire

MARCH 7, 2025

Rocket Mortgage is shutting down its Canadian operations as the company refocuses on its core U.S. We want to assure our clients that all loans in process will proceed without issue, and we remain committed to supporting them through this transition, Rocket Mortgage said in a statement. The decision, filed in U.S.

Mortgage 221

Mortgage Real Estate Agent Insurance Clients 221

Housing Wire

MARCH 22, 2022

On the heels of completing its first credit insurance risk transfer (CIRT) deal of the year in early March, Fannie Mae has announced that it has executed two additional CIRT deals. . billion of mortgage credit risk to private insurers and reinsurers. “We billion reference pool of single-family mortgages.

Insurance 370

Insurance Mortgage Real Estate Investors 370

Housing Wire

MARCH 26, 2025

In the 1960s, Black residents werent qualified for mortgages in places like Altadena. The Civil Rights Movement changed that reality and sparked a phenomenon known as white flight, referring to the mass exodus of white residents from a particular area. in 2023, according to the state’s insurance department.

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Insurance Construction Transportation Home Value 355

Housing Wire

JUNE 13, 2022

Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $725 million in mortgage-risk coverage as part of the agency’s ongoing effort to share risk with private-sector insurers. billion of insurance coverage on $675.9 billion of insurance coverage on $675.9

Insurance 397

Insurance Mortgage Design Finance 397

Housing Wire

MARCH 4, 2025

In an environment of high home prices and elevated mortgage rates , older homeowners taking a closer look at less expensive areas to make their money go further is not an isolated phenomenon. Costs are also generally lower for everything from property taxes to groceries or car insurance, he said. This is Mayberry.

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Real Estate Agent Property Taxes Real Estate Development 413

Housing Wire

DECEMBER 9, 2024

And so I think having that opportunity to be like, I’m so glad you referred to me. You must add title and mortgage and insurance, you got to get your brokerage to be more profitable. Davin: It’s almost like you’re volunteering. They don’t really understand how you were getting paid.

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Brokerage Real Estate Buyers Business 366

Housing Wire

JULY 29, 2022

million note offering backed by a reference pool of single-family mortgages valued at $20.4 This latest CAS transaction, CAS 2022-R08, involves a reference pool of 67,644 single-family mortgage loans. trillion in single-family mortgage loans, measured at the time of the transaction. CAS 2022-R06 involved a $754.4

Insurance 397

Insurance Investors Mortgage Design 397

Housing Wire

JULY 18, 2024

The Federal Housing Administration (FHA) this week published a new proposed policy for the Home Equity Conversion Mortgage ( HECM ) program, which would update the way debenture interest rates for HECM loans operate. Debenture interest refers to the percentage of a return that an investor would receive for lending money through a debenture.

Mortgage 445

Mortgage Design Insurance Lending 445

Housing Wire

AUGUST 9, 2024

“Gray divorce” — referring to the decision of a married couple over the age of 50 to separate — is a growing phenomenon. Housing is one such issue, but a new column published by Success magazine suggests that a reverse mortgage could play an assistive role. Another opportunity is the H4P,” Resch said in May. “A

Mortgage 458

Mortgage Finance Insurance 458

Housing Wire

FEBRUARY 7, 2024

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

Retail 476

Retail Project Management Insurance Landlords 476

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. The ML goes into effect on Sept. 19, 2017, which went into effect later that year.

Mortgage 459

Mortgage Legal Development Insurance 459

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 459

Housing Wire

MARCH 29, 2024

To gauge what caught her attention about this space and how reverse mortgages intersect with her work, RMD sat down with Frankowska to discuss how and why she is choosing to become involved in the senior finance space. naturally exposing her more closely to the American reverse mortgage industry. reverse mortgage space.

Mortgage 482

Mortgage Finance Insurance Tools 482

Housing Wire

SEPTEMBER 12, 2024

Home equity continued to rise in the second quarter of 2024 as residential properties with mortgages collectively gained $1.3 The aggregate equity gain was 8% year over year, bringing total equity on mortgaged properties to more than $17.6 of all mortgaged properties in the U.S. trillion in equity over the past year.

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Insurance Mortgage Housing Market Finance 508

Housing Wire

FEBRUARY 3, 2022

billion so far this year that are secured by reference loan pools valued at $78.6 billion note issued against a reference loan pool of 190,774 residential mortgages with an outstanding principal balance of $33.6 billion note against a reference pool of 143,889 single-family mortgages valued at about $45 billion.

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Insurance Investors Government Mortgage 397

Housing Wire

APRIL 12, 2023

Top wholesale lender United Wholesale Mortgage (UWM) is yet again ramping up efforts to gain more market share at the cost of potential profits. Known as the “Conventional 1% Down,” the product is essentially a 3% down mortgage in which UWM pays an additional 2% — up to $4,000 — on top of the borrower’s 1% down payment.

Mortgage 448

Mortgage Government Real Estate Agent Insurance 448

Housing Wire

JANUARY 11, 2022

Fannie Mae opened 2022 with its 45 th credit-risk transfer (CRT) deal through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC, bringing the collective value of notes issued through the conduit to nearly $52 billion since the first offering in 2013. RMBS at Fitch Ratings.

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Investors Valuation Government Mortgage 435

Housing Wire

APRIL 19, 2022

Fannie Mae has wrapped up its fourth Credit Insurance Risk Transfer (CIRT) deal of the year, transferring nearly $845 million in mortgage credit risk to a group of private insurers and reinsurers. The transaction, CIRT 2022-4, involved a pool of 76,600 single-family mortgage loans with an outstanding principal balance of $23.1

Insurance 397

Insurance Mortgage Marketing 397

Housing Wire

MARCH 21, 2022

Fannie Mae is off to steady start on its path toward issuing $15 billion in notes this year through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC. billion note offering backed by a reference loan pool of 150,395 primarily single-family mortgages valued at $44.4

Investors 370

Investors Insurance Valuation Mortgage 370

Housing Wire

SEPTEMBER 22, 2022

Fannie Mae has finalized its ninth Credit Insurance Risk Transfer (CIRT) transaction of the year, transferring some $700 million of mortgage credit risk to private insurers and reinsurers, the agency announced. The deal, CIRT 2022-9, involves a covered loan pool of 69,000 single-family mortgages valued at $21 billion.

Insurance 369

Insurance Design Mortgage 369

Housing Wire

MAY 22, 2023

Rocket Mortgage introduced a new 1% down home loan program aiming to target more than 90 million borrowers. Rocket’s new product comes on the heels of rival United Wholesale Mortgage (UWM) rolling out a similar program. ONE+ offers mortgage insurance at no cost to the client, which on a $242,500 loan can be as much as $245 per month.

Insurance 435

Insurance Mortgage Buyers Government 435

Appraisal Buzz

OCTOBER 14, 2024

As of October, a new Credit Insurance Risk Transfer (CIRT) transaction has been completed, according to a new release from Fannie Mae. Mortgage credit risk worth $160.9 million was transferred to private insurers and reinsurers by CIRT 2024-H3. A reference pool for a credit risk transfer transaction contained around $1.35

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Insurance Mortgage Business Appraisal 396

Housing Wire

OCTOBER 10, 2024

Similar to past experiences, Hurricane Helene may lead to 5% of mortgage borrowers in affected areas becoming delinquent but eventually self-curing over the next 12 months, according to a Bank of America (BofA) analysis. Researchers used Harvey, Irma and Ida as references for prior hurricanes and their impacts on the RMBS market.

Insurance 375

Insurance Inventory Property Taxes New Listings 375

Housing Wire

APRIL 8, 2022

billion secured by single-family mortgage reference loan pools valued in total at $121.5 billion note backed by a reference loan pool of 140,950 residential mortgages with an outstanding principal balance of $42.9 The average loan balance in the reference pool for the current CRT offering is $304,267.

Valuation 397

Valuation Investors Mortgage Insurance 397

Appraisal Buzz

DECEMBER 30, 2024

Good news: Mortgage rates will likely continue going down in 2025! The Federal Reserve (aka the Fed) lowered the federal funds rate in November, and mortgage rates should continue going down in response to that cut. 1 And lets not forget that mortgage rates have already fallen quite a bit. Will Interest Rates Go Down in 2025?

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Housing Market Marketing Inventory Real Estate 363

Housing Wire

AUGUST 31, 2022

Freddie Mac notched record credit-risk transfer (CRT) issuances of some $15 billion during the first half of this year, protecting $358 billion in single-family mortgages. billion, protecting $151 billion in single-family mortgages. For the second quarter alone, Freddie Mac also posted record CRT issuance of $6.5

Insurance 370

Insurance Investors Mortgage Design 370

Housing Wire

AUGUST 19, 2024

The state of Montana has been more heavily promoting its state-based Reverse Annuity Mortgage (RAM) program for seniors. She sat down with HousingWire ’s Reverse Mortgage Daily (RMD) to offer more details about the push and the unique elements of the RAM program. So, right now, the reverse annuity mortgage program has about $5.5

Mortgage 434

Mortgage Training Insurance Finance 434

Housing Wire

MARCH 6, 2024

Despite feelings of optimism expressed by loan originators in the opening weeks of 2024, the road to more normalized levels of reverse mortgage volume and securities issuances may be longer than expected. Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% and Longbridge Financial recorded increases for the month.

Mortgage 467

Mortgage Marketing Insurance Sellers 467

Housing Wire

MAY 5, 2022

billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 billion secured by single-family mortgage reference loan pools valued in total at $156.9 The average loan balance in the reference pool is $299,602, with the maximum balance at $1.56

Valuation 370

Valuation Investors Mortgage Insurance 370

Housing Wire

OCTOBER 30, 2023

In loanDepot’s program, dubbed AccessZERO, the down payment assistance is structured as a 10-year fully amortized repayable second mortgage. Several lenders have rolled out down payment assistance programs recently, including Rocket Mortgage , United Wholesale Mortgage , Guild Mortgage and Guaranteed Rate.

Lending 493

Lending Retail Finance Insurance 493

Housing Wire

NOVEMBER 11, 2021

(The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). Additionally, the administration is expanding allowable income sources for borrowers “consistent with the criteria for income and property valuations used in real-estate mortgage financing.”

Finance 476

Finance Valuation Insurance Lending 476

Housing Wire

JUNE 7, 2022

Through the STACR note offerings, private investors participate with Freddie Mac in sharing a portion of the mortgage credit risk in the reference loan pools retained by the agency. billion in risk from reference pools valued at $300.9 billion via five STACR and three Agency Credit Insurance Structure (ACIS) CRT deals.

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Investors Insurance Mortgage Marketing 397

Housing Wire

JULY 22, 2022

Fannie Mae has executed two new Credit Insurance Risk Transfer (CIRT) deals — the seventh and eighth of 2022 — dubbed CIRT 2022-7 and CIRT 2022-8. The two transactions convey a combined $1 billion in mortgage credit risk to private insurers and re-insurers as part of the agency’s ongoing effort to share risk with the private sector.

Insurance 370

Insurance Mortgage Design Marketing 370

Appraisal Buzz

SEPTEMBER 5, 2024

adults nationwide show that nearly half of prospective homebuyers are having difficulty paying for basic housing expenses and that the affordability of home insurance is a key consideration in their decision to relocate. Further, the majority of Americans feel upbeat regarding the overall trajectory of the mortgage industry.

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Buyers Bracketing Insurance Mortgage 370

Housing Wire

MARCH 7, 2024

The mortgage relief credit would provide “middle-class first-time homebuyers with an annual tax credit of $5,000 a year for two years,” according to the announcement. This would act as an equivalent to reducing the mortgage rate by more than 1.5% on a median-priced home for two years, and it is estimated to “help more than 3.5

Construction 535

Construction Renovations Insurance Landlords 535