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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Housing Wire

MARCH 7, 2025

Department of Housing and Urban Development (HUD) is considering employing cryptocurrency and blockchain technology to monitor the employment of agency grants, which some staffers believe could be a trial run for wider deployment of the technology across the federal government. This is according to a report published Friday by ProPublica.

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Housing Wire

MARCH 20, 2024

They’re a more forward-thinking broker, and there has been lots of activity with the HECM Tool, which is a software application that I developed. Consumers are more motivated and more energized, even though rates are still up and principal limits are down. He described everything that’s happened since that point as a “whirlwind.”

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Housing Wire

NOVEMBER 14, 2024

They’ve managed to continue securitizing across their platforms, which has allowed them to grow their portfolio, increase earnings, and get back to covering the dividend from an earnings-available-for-distribution standpoint this quarter, which was a positive development,” Harter said.

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Housing Wire

NOVEMBER 5, 2024

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. Meanwhile, the company’s total revenues reached $314.6

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Housing Wire

JANUARY 10, 2025

Brown also served as managing director of sales for mortgage technology firm Black Knight , as chief revenue officer for Lift Strategic Partners and as principal for Brown Derby Consulting. I develop, direct, and provide strategic vision for sales and marketing plans for mortgage products and services,” according to her bio.

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Housing Wire

APRIL 3, 2025

At the core of the dispute was collateral stemming from HECM-backed Securities ( HMBS ) tails the issuance of additional securities backed by the remaining unpaid principal balance of a HECM loan after it has been securitized into an HMBS pool. It did not write participations that constitute the trust or pool. It chose mortgages.

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Housing Wire

MARCH 5, 2024

Department of Housing and Urban Development (HUD) determines how much principal a lender can provide a borrower. This “principal limit” calculation is based on factors like home value, age, and of course, interest rates. Conversely, when expected rates are lower at origination, borrowers are offered more principal.

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Housing Wire

AUGUST 16, 2024

Our team operates as a boutique group with a strong commitment to honesty, integrity, and making our clients’ days brighter with a touch of fun and a smile,” Denise Bodman, the group’s co-principal, said in a statement. The eight-person Prospect Real Estate Team is taking its talents to Compass, adding a group that’s produced $1.21

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Housing Wire

JULY 1, 2024

On Monday, the firm announced that Adam Kaufman will be joining the firm as the senior vice president of the firm’s new development division. In this role, Kaufman will oversee sales and marketing efforts for the company’s new development projects across Florida and North Carolina. Adam brings a wealth of experience to our team.

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Housing Wire

APRIL 24, 2025

The platform was developed by reverse mortgage industry veteran Tane Cabe. Principal limit factors] change and programs change often, so it’s difficult to tackle that one. Integrating the product The challenge with that is there’s so many moving parts, Cabe said.

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Housing Wire

APRIL 4, 2024

This rate is used, among other things, to help determine a borrower’s initial principal limit (borrowing capacity). Department of Housing and Urban Development (HUD) look-up tables are published using expected rates in 1/8% increments (6.625%, 6.75%, 6.875%, etc.), we must use the nearest 1/8th percent (0.125%). Example With a 2.5%

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Principal Mortgages Loans Equity 444

Housing Wire

JULY 22, 2024

Department of Housing and Urban Development (HUD) on Monday announced a new $175 million notice of funding opportunity (NOFO) under its Continuum of Care (CoC) program, which will go toward the development of new rental housing units with “supportive services for people experiencing homelessness ,” the department explained.

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Housing Wire

APRIL 19, 2022

The administration said that the new loss mitigation option could be an alternative for borrowers who cannot reduce their principal and interest payments by 25% through FHA’s existing 30-year mortgage modification with a partial claim. Comments from the mortgage industry are due by May 31.

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Loans Principal Mortgages Real-estate owned 508

Housing Wire

FEBRUARY 2, 2021

The total principal value of the digital pools came to about $24 million. Ginnie Mae announced its first guarantee of a mortgage-backed security backed by digital pools, or pools of loans that consist entirely of eNotes. The MBS were loans closed by Rocket Mortgage in December, are issued as of Jan.

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Principal Closing Loans Mortgages 513

Housing Wire

SEPTEMBER 28, 2020

PROJETO specifically is for homes that have not been built yet, these are homes that are still in development and that is something that when we did all of our research and looked around, no one else is doing it the way we’re doing it in the country,” Principal Broker and CEO of Urban District Realty Ryan Fiero told HousingWire.

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Brokerage Principal Development Technology 544

Housing Wire

JULY 25, 2024

Right now, with the principal limit factors where they are, especially with younger borrowers (in their 60s to mid-70s), you run the numbers for people and they see that principal limit. Department of Housing and Urban Development ] need to look at this and find a way to bump up the principal limit factors.

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Mortgages Principal Development Industrial 444

Housing Wire

FEBRUARY 21, 2024

Department of Housing and Urban Development (HUD) on Wednesday issued a mortgagee letter that implements the Federal Housing Administration ’s (FHA) payment supplement partial claim. After the payment supplement period ends, however, the borrower will be responsible for resuming payment of the full monthly principal and interest amount.

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Principal Loans Mortgages Renovation 459

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. CRE firms are also suffering through the highest interest rates seen in years.

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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.

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VA loan Principal Residential Loans 448

Housing Wire

DECEMBER 30, 2020

For 2021, I talked with Scott Petronis , principal of Xcentric Consulting and one of the architects of HousingWire’s HousingStack ecosystem, about three areas of fintech he’s keeping an eye on in the new year. . 2020 served as a real litmus test for mortgage technology and fintech. End-to-end tech vs disparate tech solutions.

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Principal Technology Development Mortgages 459

Housing Wire

FEBRUARY 13, 2024

Department of Housing and Urban Development (HUD) announced a series of new relief measures for residents of the state of Hawaii. The announcement was made by Marion McFadden, HUD principal deputy assistant secretary for community planning and development, as she was touring the island of Maui. HUD awarded $6.9 HUD provided $1.3

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Housing Wire

JULY 31, 2024

Roughly one month ago, Ginnie Mae released a term sheet for a highly anticipated new development for the reverse mortgage industry: a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as HMBS 2.0. Still a developed private-label structure has managed to withstand a lot of market distress, he said. “So,

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Development Principal Industrial Mortgages 447

Housing Wire

AUGUST 30, 2024

In a post on her website ConsultWithAME on Wednesday, Ellison wrote that she is “honored” to be joining a team with the guiding principal of “Everything worth building starts with a relationship.” After nearly 18 years ERA King Real Estate , Anna-Marie Ellison is moving to Alabama -based ARC Realty.

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Principal Development Agents Industrial 434

Housing Wire

JANUARY 22, 2024

Lux’s career includes positions at Freddie Mac where he was executive vice president and chief information officer for seven years, and principal at Towers Watson , a global professional services company, where he was responsible for leading teams in the delivery of commercial risk modeling technology for the insurance industry.

Technology 459

Technology Principal Commercial Loans 459

Housing Wire

MAY 13, 2024

Department of Housing and Urban Development (HUD) to resolve allegations of discriminatory housing practices, the parties announced on Monday. McCain, HUD’s principal deputy secretary for fair housing and equal opportunity, said in a statement. Rocket Mortgage , the third largest U.S. The effective date for the new rule is June 18.

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Lending Land Principal Finance 442

Housing Wire

DECEMBER 21, 2021

HousingWire Editor-in-Chief Sarah Wheeler had the opportunity to catch up with Autumn Barkhuff, CoreLogic Principal of Program Management, to talk about potential housing market trends in 2022 and how real estate analytics can enable decision making. “So But it’s not just the data that sets CoreLogic apart in the industry, she explained.

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Principal Development Industrial Marketing 418

Housing Wire

JULY 31, 2024

Department of Housing and Urban Development (HUD) visited the University of Alaska at Fairbanks to tout the possibilities that 3D printing technology could bring to the construction of affordable housing in the U.S. Following a $600,000 research grant to the city of Nome, Alaska , that was issued last year, senior officials at the U.S.

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Construction Technology Principal Development 459

Housing Wire

NOVEMBER 19, 2020

NotaryCam Founder Rick Triola said the company recognized the need for industry-wide RON standards and that NotaryCam has been a long-time MISMO supporter and collaborator in the development of those standards to promote consistency across mortgage industry practices and state regulations. “As

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Technology Principal Development Industrial 468

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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Principal Loans Investor Residential 448

Housing Wire

JANUARY 8, 2021

1, he served as the assistant secretary of policy development and research for the U.S. Department of Housing and Urban Development and as the principal executive vice president of Ginnie Mae. USB drive developed from standards organizations. Before starting as president of MISMO on Dec. Telecommunication, same thing.

Technology 482

Technology Development Industrial Closing 482

Housing Wire

JUNE 28, 2024

Still, vice chair, Pulte Financial Services Sheri Thompson, executive vice president and head of affordable housing, Walker & Dunlop Eileen Tu, vice president of mortgage policy and credit development, Rocket Mortgage John Wiechmann, president and CEO, Midwest Housing Equity Group Inc.

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Housing Wire

AUGUST 5, 2024

That program, referred to by industry participants as “HMBS 2.0,” was initially announced as in development at the beginning of the year. Department of Housing and Urban Development (HUD)’s HECM model loan agreement. according to a copy of the letter obtained by RMD.

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Principal Development Equity Mortgages 443

Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending. They are bound to do more.

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Banks Lending Loans Principal 516

Housing Wire

FEBRUARY 25, 2022

The Federal Housing Administration (FHA) announced on Thursday the launch of a new portal for the Department of Housing and Urban Development ’s Single Family Mortgage Asset Recovery Technology (SMART) system. I feel really good about where we are with FHA Catalyst,” she told HousingWire. “I million from the year prior.

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FHA loan Title Principal Development 418

Housing Wire

MAY 31, 2021

His list of accomplishments includes being the principal drafter of the mortgage forbearance program enacted through the CARES Act, which reshaped the mortgage industry and enabled more than 4 million homeowners to hit the pause button on their mortgage. Senate Finance Committee. This content is exclusively for HW+ members.

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Principal Banks Finance Technology 432

Housing Wire

SEPTEMBER 16, 2022

In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan.”. LLC (PIMCO) for Pool 1, DLJ Mortgage Capital Inc. The transaction is slated to close by October 26. acting as advisor.

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