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Bell Bank Hires Schwab as Chief Risk Officer

Minneapolis-based Bell Bank has hired Jesse Schwab as EVP/Chief Risk Officer, with oversight of all non-credit related risk management for Bell Bank and its divisions. Schwab has joined Bell’s executive leadership team and has offices at Bell’s Minneapolis–Colonnade and Bloomington–Bell Plaza locations. “We’re excited to have Jesse join our growing Bell team,” ...

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Agents Embrace Effort to Expand Private Flood Insurance

flooding

A life preserver of sorts will be available to homeowners submerged in the troubling waters of flooding, according to the National Association of Realtors— that is thanks to action the Federal Housing Administration (FHA) announced last week, related to the ...

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A Week of ‘Strong Forbearance Improvement’

After declining by 5% last week, the number of mortgage loans actively in forbearance dropped again this past week, according to Black Knight, which calls the week of November 3-10 one of "strong forbearance improvement." "The decline was seen across ...

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Mortgage Professionals Gather to Discuss Diversity and Inclusion

Five Star Global’s American Mortgage Diversity Council (AMCD) this week hosted its Fall Virtual Member Meeting, “Connecting Across Distances,” during which industry professionals gathered to address race and inclusion.   AMDC’s Vice-Chair Jodi Gaines, Chief Client Officer at Insight One Financial, says she believes this type of event is invaluable ...

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The Week Ahead: FHA Discusses CWCOT Changes

This week, on Wednesday, November 18, representatives from the Federal Housing Administration (FHA) via a complimentary webinar will offer guidance on the Claims Without Conveyance of Title (CWCOT) program "in which the mortgagee attempts to secure a third-party purchaser for ...

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FHFA Releases Foreclosure-Prevention Report

The government-sponsored enterprises (GSEs) completed 166,942 foreclosure prevention actions in August, according to new data from the Federal Housing Finance Agency (FHFA). Fannie Mae and Freddie Mac performed 3,599 permanent loan modifications in August, with 23% of these transactions being ...

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DS5: Preparing for Forbearance Exits

This episode of DS5: Inside the Industry features Jesse Roth, SVP of Strategic Partnership & Business Development at Auction.com. Roth delves into the ways in which his industry is preparing for forbearance exits by focusing on automation to help manage ...

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FHA 2020 Report Shows How It Helped Struggling Homeowners

homeowner, money, house

The Federal Housing Administration (FHA) released its 2020 annual report today, which covers the financial status of the Mutual Mortgage Insurance (MMI) Fund and its Single Family insurance programs.  The 2020 FHA report emphasizes how the government agency helped homeowners ...

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