Housing Wire

MARCH 29, 2024

The first is for the HECM anti-churning disclosure, which is designed to protect borrowers from unnecessary loan refinancing. These include wholesale revisions to the lender table for the best estimate of the total cost of the refinancing to the borrower, as well as increases to the borrower’s principal limit.

Mortgages 446

Mortgages VA loan Principal Loans 446

Housing Wire

JANUARY 5, 2022

Some Federal Housing Administration -approved mortgage servicers have routinely flouted the agency’s loan modification program, according to Washington, D.C. 21 letter that a number of mortgage servicers employed by FHA-approved lenders failed to adequately implement loan modification options the FHA introduced in July.

Mortgages 493

Mortgages Loans Principal Development 493

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. Department of Veterans Affairs (VA) loans.

VA loan 448

VA loan Principal Residential Loans 448

Housing Wire

MAY 28, 2021

Computershare Loan Services (CLS) is one of the highest-rated servicers in the US. With deep roots in default servicing, Specialized Loan Servicing (SLS), part of the Computershare Group, helps clients mitigate a rise in foreclosures with contact strategies that meet borrowers where they are. “Times are changing.

Principal 459

Principal Loans Mortgages Investor 459

Housing Wire

OCTOBER 1, 2024

handbook, including inspection and repair escrow environments for loans that have yet to close. It also applies to endorsement, loan servicing and loss-mitigation efforts. The notice lists relevant guidance found in FHA’s Single-Family Housing 4000.1

Inspection 476

Inspection Pre-approval Loans Principal 476

Housing Wire

JANUARY 16, 2025

Treasury Inflation-Protected Securities are designed to repay principal and interest of a bond investment but are adjusted to CPI. In other words, the market isnt buying what Jay and team are selling. The second chart represents the 2-and 5-Year TIPS. The hashed vertical line is September 18 th , the day the Fed began cutting the FFR.

Bankruptcy 370

Bankruptcy Land Mortgages Principal 370

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 of the loans; Rocket Mortgage , 8.1%; Wells Fargo , 6.6%

Principal 370

Principal Loans Investor Residential 370

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. The agency analyzed various loan types across the ZIP codes that are in mandatory evacuation zones in Los Angeles County.

Mortgages 368

Mortgages Principal Loans Equity 368

Housing Wire

FEBRUARY 1, 2024

“Higher death termination caused by the COVID-19 pandemic was in the data and led to different age composition of the active loan,” the report read. “We We leave this to future research to identify the impact of the COVID-19 pandemic on the composition of surviving loans. in 2009 to about 12-14% during Fiscal Years 2010 through 2014.

Mortgages 434

Mortgages Principal Loans Equity 434

Housing Wire

AUGUST 31, 2022

They include ACIS 2022-COR1, which was the first offering comprised solely of cash-out refinance loans as collateral; and ACIS 2022-AFH1, which reduces the agency’s credit risk by providing insurance protection for loans as they are purchased. per thousand dollars of outstanding principal amount, depending on the series vintage.

Principal 370

Principal Investor Loans Mortgages 370

Housing Wire

JULY 22, 2022

Since the CIRT program ’s inception in 2013 to date, Fannie Mae has acquired some $21 billion in insurance coverage on a total of $709 billion of single-family loans, Fannie Mae states in the announcement of the latest CIRT deals. “We billion loan pool. billion loan pool. billion loan pool.

Fixed-rate mortgage 370

Fixed-rate mortgage Principal Loans Mortgages 370

Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

VA loan 482

VA loan Agents Seller concession FHA loan 482

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.

Lending 459

Lending Loan Officer Branding Principal 459

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

Mortgages Principal Equity Loans 468

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.

Principal 433

Principal Investor Loans New Construction 433

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 billion loan pool. billion of single-family loans through the CIRT program,” Fannie Mae states in the announcement of the latest CIRT deal. . If that $106.3

Fixed-rate mortgage 397

Fixed-rate mortgage Loans Principal Mortgages 397

Housing Wire

APRIL 27, 2023

Financial wellness technology company EarnUp reached a new milestone last quarter, helping millions of Americans schedule mortgage, auto, and student loan payments through its Payday to Payday program and technology. This eliminates monthly payment shock and helps borrowers meet the obligations of their loans with less of a struggle.

Technology 393

Technology Lending Principal Loans 393

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. Since becoming a CDFI in 2018, Change has funded more than $25 billion in loans to more than 75,000 families, according to the lender.

Lending 435

Lending Principal Finance Loans 435

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. 28, FHA released its draft defect taxonomy for loan servicing, the agency’s method of identifying loan-level defects and remedying them.

Loans 418

Loans Principal Lending Banks 418

Housing Wire

JULY 29, 2022

This latest CAS transaction, CAS 2022-R08, involves a reference pool of 67,644 single-family mortgage loans. The states with the largest concentrations of mortgages in the reference loan pool for the credit-risk transfer (CRT) offering are California, 18.3%; Texas, 7.2%; Florida, 6.8%; Washington, 4.5%; and Arizona, 4%, according to KBRA.

Loans 394

Loans Investor Principal Mortgages 394

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.

Development 458

Development Industrial Mortgages Fixed-rate mortgage 458

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

JANUARY 22, 2025

Reverse mortgage lender and servicer Longbridge Financial , which offers both Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage ( HECM ) loans as well as proprietary reverse mortgage products, announced that it has lowered the minimum home value for its fixed-rate proprietary products.

Loans 391

Loans Principal Mortgages Lending 391

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. As long as the buyer complies with these ongoing loan obligations, a HECM for Purchase loan doesn’t have to be repaid until a maturity event, such as when the home is sold or is no longer considered their primary residence.

Finance 482

Finance Seller concession Loan Officer Loans 482

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).

Development 444

Development Principal Industrial Mortgages 444

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.

Principal 345

Principal Mortgages Design Industrial 345

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Bankruptcy 397

Bankruptcy Banks Loans Residential 397

Housing Wire

MARCH 1, 2023

The Federal Housing Finance Agency (FHFA) issued a request for information in January 2021 focused on Climate and Natural Disaster Risk Management at Fannie Mae , Freddie Mac, and the Federal Home Loan Banks. property inspections) allowing them to restart their origination pipelines much sooner and continue to close loans without delay.

Industrial 397

Industrial Banks Loans Design 397

Housing Wire

MARCH 3, 2022

” Forbearance allows homeowners to defer mortgage loan monthly payments due to financial hardships, remaining in their homes. Critically, during the pandemic, a share of borrowers in forbearance kept paying their mortgage loans monthly. of its serviced loans were in forbearance as of Dec. As of December 31, 1.3%

Principal 370

Principal Loans Lending Finance 370

Housing Wire

DECEMBER 13, 2024

Proposal and inspiration Unlike a typical Ginnie Mae security based on pools of insured or guaranteed residential mortgage loans, the Ginnie Mae [early buyout (EBO)] security would not be based on a modified pass-through structure, the MBA said in a white paper that outlined the proposal. as potential paths for its new proposal.

Bankruptcy 368

Bankruptcy Loans Investor Banks 368

Housing Wire

APRIL 27, 2021

In a conversation with Mortgage Bankers Association President Bob Broeksmit last week, Bharat Ramamurti, deputy director of the National Economic Council , acknowledged the issue, which was designed to provide more liquidity to the GSEs. Those products are “very profitable for the GSEs given the loan-level price adjustments on them.

Purchase and sale agreement 397

Purchase and sale agreement Loans Principal Mortgages 397

Housing Wire

MARCH 7, 2024

The company also touted its dominance in Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages, noting its 37% share of the total market while expressing a goal of doubling its monthly loan origination volume on a dollar amount basis in the months ahead.

Mortgages 445

Mortgages Marketing Equity Finance 445

Housing Wire

MAY 27, 2022

All lenders must explain their rationale when denying credit to loan applicants, the Consumer Financial Protection Bureau affirmed Thursday, after looking into whether companies claiming exemption because they rely on “complex algorithms” were in violation of federal anti-discrimination law. There is no exception,” it added.

Lending 448

Lending Principal Technology Mortgages 448

Housing Wire

AUGUST 26, 2024

In the meantime, these companies could market other products, such as home equity loans, to borrowers in these portfolios. trillion unpaid principal balance (UPB). Conversely, other companies seized the opportunity to expand their portfolios, securing the future right to get the inside track on refinancings when rates eventually drop.

Mortgages 456

Mortgages Banks Debt-to-income ratio Loans 456

Housing Wire

DECEMBER 20, 2021

Wilen’s case illustrates how some Americans have a lot to lose if policies designed to help mortgage borrowers don’t break right. The money can be used for mortgage payment assistance or mortgage principal or interest rate reductions. He is afraid of losing his home. Up to the task? billion at its peak in February 2021.

Pre-approval 417

Pre-approval Loans Mortgages Principal 417

Housing Wire

FEBRUARY 8, 2022

We service their loans. The company serves a $50 billion loan portfolio. Investment firms that purchase mortgage loans in default also face the same challenge. When the pandemic hit, and they put their loan into forbearance, it was quite easy. For example, with Federal Housing Administration ( FHA ) loans, 1.5

Loans 370

Loans Pre-approval Mortgages Principal 370

Housing Wire

MARCH 2, 2022

The serious delinquency rate in the Federal Housing Administration loan portfolio is now far less than its pandemic peak, and the Department of Housing and Urban Development said sustained improvement will factor in to whether it adjusts mortgage insurance premiums. FHA foreclosures’ glacial rise.

FHA loan 284

FHA loan Loans Principal Mortgages 284