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

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. This is the latest move undertaken by FOA to improve the financial posture of the company.

Finance 417

Finance Principal Commercial Equity 417

Housing Wire

DECEMBER 9, 2024

HUD extends its gratitude to Tribes for providing vital feedback on the ICDBG program through Tribal consultation, which informed the development of this grant competition, from the design of the Notice of Funding Opportunity through our work to quickly complete the application review and award process, HUD stated.

Principal 370

Principal Land Development Renovation 370

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 448

Mortgages VA loan Principal Loans 448

Housing Wire

OCTOBER 24, 2024

Mutual of Omaha approved brokers and principal agents will have access to five core protections, including a promise that the lender “will not solicit borrowers established within the broker network.” We see this program as a way to show our broker and principal agent partners that we are aligned with their success.”

Principal 448

Principal Branding Investor Mortgages 448

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.

Construction 459

Construction Technology Principal Development 459

Housing Wire

DECEMBER 27, 2024

Education and distribution A longtime challenge for the reverse mortgage industry continues to be its marketing and messaging, particularly in ways designed to overcome longstanding reputational hurdles that the business has had to contend with for years. We were resilient, and were able to even grow at Guild.

Industrial 397

Industrial Mortgages Principal Lending 397

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.

Commercial 448

Commercial Brokerage Due diligence Title 448

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

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 The initial STARC deal of this year, STACR 2022-DNA1, was a $1.4

Principal 370

Principal Loans Investor Residential 370

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

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.

Principal 370

Principal Technology Agents Design 370

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

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). What’s most evident is the alignment in the ultimate goal of providing financial solutions to consumers, especially senior homeowners,” Wong said.

Development 459

Development Industrial Mortgages Fixed-rate mortgage 459

Housing Wire

DECEMBER 8, 2023

There have also been new developments in lifesaving medications designed to work against a drug overdose, particularly since fentanyl has emerged as a leading substance involved in an increasing number of overdose deaths, according to Marion McFadden, HUD Principal Deputy Assistant Secretary for Community Planning and Development.

Principal 434

Principal Development Design As-is 434

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. Computershare Loan Services designed its operational model to streamline communication with borrowers and remain compliant.

Principal 459

Principal Loans Mortgages Investor 459

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).

Principal 447

Principal Development 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.

Principal 468

Principal Technology Development Industrial 468

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. per thousand dollars of outstanding principal amount, depending on the series vintage. to $1,017.81

Principal 370

Principal Investor Loans Mortgages 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. They are one of the first tribes to be approved for the program, according to the announcement.

Construction 448

Construction Principal Development Loans 448

Housing Wire

FEBRUARY 1, 2024

As the principal limit has been increasing, the percentage of endorsements with an MCA over $417,000 has increased steadily since 2012.” Changes in financial markets, retirement needs, and long-term care needs will affect borrowers’ participation in the HECM program, how they use HECM loans, and the innovation in product design.

Mortgages 435

Mortgages Principal Loans Equity 435

Housing Wire

OCTOBER 1, 2024

Properties in PDMDAs which have pending loans or endorsements, and which have been designated for individual assistance, must have “a damage inspection report that identifies and quantifies any dwelling damage.” The notice lists relevant guidance found in FHA’s Single-Family Housing 4000.1

Inspection 476

Inspection Pre-approval Loans Principal 476

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. While all parties will work together, HUD retains ultimate authority over IHA’s recovery,” the announcement of the CEA stated.

Principal 448

Principal Development Design As-is 448

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

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 We’re expanding on that foundation by helping consumers get connected to the right resources, helping to reduce the barriers they face to securing affordable housing.”

Pre-approval 448

Pre-approval Principal Design Development 448

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.

Principal 433

Principal Development Equity Industrial 433

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

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.

Title 397

Title Principal Commercial Technology 397

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

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

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

Fixed-rate mortgage 370

Fixed-rate mortgage Principal Loans Mortgages 370

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

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. “The

Finance 397

Finance Principal Design Mortgages 397

Housing Wire

DECEMBER 17, 2024

FHFA and the Enterprises impose requirements on NPL buyers designed to achieve more favorable outcomes for borrowers than foreclosure. The program, which began in 2014, has seen the GSEs sell a total of 171,333 loans with a total unpaid principal balance (UPB) of $31.4 billion through the end of June 2024.

Loans 397

Loans Sales Principal Design 397

Housing Wire

APRIL 27, 2023

The growth of EarnUp follows a surge in interest from companies seeking smart programs designed to help employees achieve a more well-rounded financial picture. The company says it processed more than 50 million payment transactions worth $43 billion in total as of Q1 2023.

Technology 396

Technology Lending Principal Loans 396

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. The company and noteholders agreed to “an exchange of any and all of the outstanding 2025 unsecured notes” into two new secured tranches.

Principal 345

Principal Finance Equity Mortgages 345

Housing Wire

NOVEMBER 1, 2024

The program is designed to be based on the UPB (unpaid principal balance), or the loan deliveries we receive in a specific quarter from the lenders, and the corresponding NAQ rate, which is the non-acceptable quality rate. Over the next few months, sellers will have the opportunity to opt in for the full year 2025.

Loans 396

Loans Principal Finance Closing 396