Housing Wire

FEBRUARY 21, 2024

The new option Partial claims are interest-free loans from HUD that borrowers use to make their payments current, with the remainder of the late payments added to the principal and extended for 30 years. The letter states that the option will be implemented starting May 1, 2024, but will be mandatory on Jan.

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Housing Wire

JANUARY 14, 2025

If you live in one those states, leveling up your career might mean studying to become a Managing Broker or Principal Broker. When we rebranded, we invested in professional design to ensure our messaging stood out. Related article 11 iconic real estate logos + Tips to design (or refine) yours 5. The terms used vary by state.

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Brokerage Branding Agents Industrial 367

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, according to a presale report by Kroll Bond Rating Agency (KBRA). billion for the $12.2

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Housing Wire

APRIL 24, 2024

Take a look below to see this year’s list of honorees. Congratulations to the 2024 Rising Stars! Name Job Title Company Name A.T.

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Housing Wire

FEBRUARY 13, 2024

“Master-planned communities continue to attract buyers and outperform the overall new home market by offering a lifestyle, which elevates and links a collection of neighborhoods,” Ken Pearlman, managing principal at John Burns Research & Consulting, said in a statement.

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

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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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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

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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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

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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. Department of Veterans Affairs (VA) loans.

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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.

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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.”

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

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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.

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Mortgages VA loan Principal Loans 445

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.

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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

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).

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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 Utilizing a 3.5% at the market interest rate of 2.82%,” Gov. Lombardo said in his letter. Today, that same median home would be $2,808.00 A record 1.7

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

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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.

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Construction Principal Development Loans 448

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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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.”

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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.

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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.

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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).

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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.

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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.

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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.

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Principal Investor Loans New Construction 432

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

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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.

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Lending Loan Officer Branding Principal 458

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.

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Principal Finance Mortgages Equity 445

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

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

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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.

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Principal Finance Equity Mortgages 344

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.

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Technology Lending Principal Loans 392

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.

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Lending Principal Technology Mortgages 448