Housing Wire

SEPTEMBER 10, 2022

This agency’s most recent credit risk transfer (CRT) offering, STACR 2022-DNA6, involves a $1.165 billion note backed by a reference loan pool of 112,865 residential mortgages with an outstanding principal balance of $35.6 billion so far in 2022. billion, according to a presale report by Kroll Bond Rating Agency (KBRA).

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Housing Wire

JUNE 26, 2024

The first is for up to $200 million in aggregate principal of senior secured first-lien notes due in 2026, while the second is for up to $150 million in aggregate principal of exchangeable senior first-lien notes due in 2029. FOA added that more than 90% of the parties to the 2025 unsecured debt agreement agreed with the restructuring.

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Housing Wire

JULY 31, 2024

The partners will conduct the “design, engineering, materials research, development, planning, and analysis” that is required for 3D printing of “high-quality, affordable, energy-efficient, and sustainable housing for communities in sub-arctic regions of Alaska,” HUD explained. and Fairbanks Materials Inc.

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Construction Technology Principal Development 459

Housing Wire

FEBRUARY 13, 2024

One measure is targeted specifically for the island of Maui — which endured a devastating wildfire last year that destroyed the town of Lahaina — while the other is designed to expand rental assistance for Native Hawaiians residing on the islands. HUD awarded $6.9 HUD awarded $6.9

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Housing Wire

JULY 19, 2024

The new term sheet details several differences from the current HMBS program, including a reduction in the HMBS pool size to 95% of the loan’s total unpaid principal balance (UPB). To get a better idea of the potential impact that HMBS 2.0 Wong is also a member of the company’s investment committee.

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Housing Wire

MAY 7, 2024

Those who might benefit most are homeowners who want to access capital without affecting their budget or savings, because borrowers have no required principal or interest payments for as long as they are living in the property,” the article said. “A A reverse mortgage could also benefit those who might outlive their retirement savings.”

Mortgages 468

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Housing Wire

MAY 6, 2024

MBA and NRMLA each state that they are generally supportive of the proposed changes, which include wholesale revisions to the lender table for the best estimate of the total cost of a refinancing to the borrower, as well as increases to the borrower’s principal limit. Following an announcement that the U.S.

VA loan 448

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Housing Wire

JULY 31, 2024

The new term sheet detailed several differences from the existing HMBS program, including a reduction in the HMBS pool size to 95% of the loan’s total unpaid principal balance (UPB). Still a developed private-label structure has managed to withstand a lot of market distress, he said. “So, I think that is something that’s observable.”

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Development Principal Industrial Mortgages 447

Housing Wire

NOVEMBER 19, 2020

Originally introduced in April, the MISMO RON compliance certification was designed to assure RON tech providers meet a universal set of standards including credential analysis, borrower identification, capturing and maintaining a recording of the notary process electronically, audio and video requirements, record storage and audit trails.

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Technology Principal Development Industrial 468

Housing Wire

MARCH 29, 2024

The first is for the HECM anti-churning disclosure, which is designed to protect borrowers from unnecessary loan refinancing. The first is for the HECM anti-churning disclosure, which is designed to protect borrowers from unnecessary loan refinancing. Two key documents are at the center of the proposed changes. Why are we on a 1009?

Mortgages 448

Mortgages VA loan Principal Loans 448

Housing Wire

MAY 28, 2021

For example, for principal residences, the Bureau would require a temporary COVID-19 emergency pre-foreclosure review period until the end of December 2021. As borrowers impacted by COVID-19 continue to exit mortgage forbearance, now is the time for lenders and servicers to be proactive in their borrower outreach to reduce foreclosure volume.

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Principal Loans Mortgages Investor 459

Housing Wire

AUGUST 21, 2023

In the same filing, RE/MAX announced that it had let go of Adam Grosshans, the firm’s principal accounting officer, as part of the reorganization. She was also appointed as RE/MAX’s new principal accounting officer. Denver -based real estate giant RE/MAX announced that it was laying off 7% of its staff on Friday.

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Principal Technology Agents Design 370

Housing Wire

DECEMBER 13, 2023

The Mortgage Bankers Association (MBA) and the National Mortgage Servicing Association (NMSA) are expressing their views on a recently revised Federal Housing Administration (FHA) loss mitigation proposal, stating that it needs additional adjustments to effectively address the challenges it is designed to tackle.

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Principal Mortgages Design Industrial 345

Housing Wire

AUGUST 12, 2024

California -based HighTechLending , a top-10 lender in the reverse mortgage industry, recently announced that it was rebranding its wholesale channel to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

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Housing Wire

SEPTEMBER 22, 2022

The new credit risk transfer (CRT) offering, STACR 2022-DNA7, outlined in a presale report by Kroll Bond Rating Agency , involves a $616 million note offering backed by a reference loan pool of 69,144 residential mortgages with an outstanding principal balance of $19.9 billion so far in 2022. aged between six and 12 months.

Principal 370

Principal Loans Investor Residential 370

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? A significant opportunity To be sure, there are title agencies eager to partner with CRE principals and funds. Market conditions have certainly trended downward for residential or commercial real estate.

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Commercial Brokerage Due diligence Title 448

Housing Wire

SEPTEMBER 17, 2024

David Berenbaum, HUD’s principal deputy assistant secretary of housing counseling, lauded the partnership for its potential to meet HUD’s counseling goals. “We The federal government is launching a campaign on Zillow to help provide housing counseling services to more Americans. The Department of U.S.

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Housing Wire

JANUARY 5, 2022

The loan modification options allowed eligible borrowers to reduce their principal and interest payments by 25%. But the program can only be effective if lenders implement it, the letter notes, highlighting a challenge of designing government relief programs that rely on the private sector to carry them out.

Mortgages 493

Mortgages Loans Principal Development 493

Housing Wire

JULY 10, 2024

The first is for up to $200 million in aggregate principal of senior secured first-lien notes due in 2026 (with an option to extend it to 2027 if the company elects to do so), while the second is for up to $150 million in aggregate principal of exchangeable senior first-lien notes due in 2029.

Principal 448

Principal Finance Mortgages Equity 448

Housing Wire

JANUARY 24, 2025

Fitch noted that mortgage insurance does not cover claims principally caused by physical damage, including wildfires, floods or other natural disasters, but is designed to protect against borrower credit default. Master policies describe instances in which damage to a home would not be covered by a mortgage insurance claim.

Mortgages 370

Mortgages Principal Loans Equity 370

Housing Wire

JANUARY 3, 2024

Department of Housing and Urban Development (HUD) program designed to allow for the construction of rental housing units is getting a new participant: the Cherokee Nation. The HUD program is a loan program that aids organizations in recruiting skilled workers for hard-to-fill or hard-to-recruit positions,” the announcement said.

Construction 448

Construction Principal Development Loans 448

Housing Wire

AUGUST 25, 2022

According to Qualia, platform users can use these capabilities to design custom client experiences, track performance, productivity and revenue, and pipeline across clients and settlement agency branches. Our mission at Qualia is to create a simple and secure journey to home ownership,” Nate Baker, the CEO of Qualia, said in a statement. “As

Title 397

Title Principal Commercial Technology 397

Housing Wire

APRIL 11, 2024

The move, which will effectively allow local and federal authorities to share control of the organization, is designed to “restore public confidence in and accountability over” IHA, according to HUD. ” HUD’s first action is to replace the IHA board with Kimberly Wize, who serves as HUD’s Indiana field office director.

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Housing Wire

AUGUST 31, 2022

The agencies pay monthly premiums in exchange for insurance coverage on a portion of the designated reference loan pools. billion of outstanding notes (based on original principal balance) being tendered and accepted. billion of outstanding notes (based on original principal balance) being tendered and accepted. to $1,017.81

Principal 370

Principal Investor Loans Mortgages 370

Housing Wire

NOVEMBER 3, 2023

The CDFI certification is a designation given by the Treasury Department CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing. Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI).

Lending 435

Lending Principal Finance Loans 435

Housing Wire

SEPTEMBER 14, 2023

That record provides pool-level aggregate information about the extent of loans and unpaid principal balance (UPB) dollars that are in low- and moderate-income areas, with a chart illustrating the percentage of loans, percentage of UPB of ESG-flagged pools and/or loans and totals of the total portfolio over the last 12 months.

Investor 435

Investor Principal Loans New Construction 435

Housing Wire

APRIL 15, 2024

down payment through a [FHA] loan (principal/interest only) in January 2021, the monthly payment on a median home would have been $1,363.00 down payment through a [FHA] loan (principal/interest only) in January 2021, the monthly payment on a median home would have been $1,363.00 Utilizing a 3.5% Utilizing a 3.5% A record 1.7

FHA loan 459

FHA loan Land Principal Development 459

Housing Wire

JUNE 16, 2022

REMICs are a type of multiclass-securities vehicle in which interest and principal payments from the underlying mortgage collateral are structured into several classes, with each class of securities having differing pass-through rates, average life, prepayment tendencies and final maturity dates. securities) issued by the other enterprise.”.

Finance 397

Finance Principal Design Mortgages 397

Housing Wire

JULY 11, 2024

” Under the settlement terms, within six months, the foundation will establish the “Pathways to Success Scholarship Fund,” designed for aspiring appraisers to attend the Practical Applications of Real Estate Appraisal (PAREA) program, which is a way to fulfill their required experience. White and 0.6%

Principal 433

Principal Development Equity Industrial 433

Housing Wire

JULY 22, 2022

The agency pays monthly premiums in exchange for insurance coverage on a portion of the designated reference loan pools. CIRT 2022-7 involves a covered loan pool composed of 64,000 single-family mortgages with a total unpaid principal balance of about $19.8 Presented by: Maxwell. billion loan pool. billion loan pool. billion loan pool.

Fixed-rate mortgage 370

Fixed-rate mortgage Principal Loans Mortgages 370

Housing Wire

JULY 30, 2024

Enter the commission sharing websites — websites specifically designed for agents and brokers to quickly and easily find out if the seller of a property is offering to cover the buyer’s broker fees. We knew there had to be an efficient way of handling this sort of communication.” From this, HomeKick was born.

MLS 459

MLS Technology Agents Design 459

Housing Wire

JULY 3, 2024

In mid-June, an FOA filing with the SEC indicating that the company was preparing to perform a reverse stock split at a 10-to-1 ratio in a move designed to boost the company’s stock price. When reached, an official with NYSE declined to comment beyond the scope of the announcement. Warrants and common stock operate differently.

Principal 345

Principal Finance Equity Mortgages 345

Housing Wire

MAY 27, 2022

Creditors who use complex algorithms — including artificial intelligence or machine learning technologies — to engage in credit decisions must still provide a notice that discloses the specific, principal reasons for taking adverse actions,” CFPB said in a news release. There is no exception,” it added. Presented by: Mortgage Coach.

Lending 448

Lending Principal Technology Mortgages 448

Housing Wire

JANUARY 28, 2022

While the taxonomy is meant to provide clarity on the rules of the road for servicers, the groups said it seems designed for loan origination reviews. The taxonomy also fails to mention borrower harm in its draft taxonomy, instead only focusing on harm to the property and the FHA.

Loans 418

Loans Principal Lending Banks 418

Housing Wire

JANUARY 8, 2021

Department of Housing and Urban Development and as the principal executive vice president of Ginnie Mae. So it’s really designed to support the integrity and appeal of all the eMortgages and reduces and eliminates the burden on providers for individual assessment certification and approval. Telecommunication, same thing.

Development 482

Development Technology Industrial Closing 482

Housing Wire

JUNE 13, 2022

CIRT 2022-6 involves a covered loan pool composed of 63,000 single-family mortgages with a total unpaid principal balance of about $19.3 The agency pays monthly premiums in exchange for insurance coverage on a portion of the designated reference loan pools. billion loan pool. If that $106.3 billion of insurance coverage on $675.9

Fixed-rate mortgage 397

Fixed-rate mortgage Loans Principal Mortgages 397

Housing Wire

MARCH 1, 2023

And the Federal Reserve has asked the nation’s six largest banks to participate in a climate scenario analysis designed to measure and manage climate-related financial risks. For decades, the housing industry has viewed climate risk as a fairly straightforward issue. You build the home to code. You use the right comps to appraise it.

Industrial 397

Industrial Banks Loans Design 397