Homeowners insurance rate hikes are probably likely in the future as Fitch Ratings found U.S. homeowners’ insurance is poised to post a statutory underwriting loss for 2022 as insurers continue...
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Mortgage Rates Remain Relatively Steep Compared to Record Lows
...$1,672 a month, according to U.S. Census Bureau data. That figure includes other expenses like utilities and insurance fees and is much less than the national average monthly mortgage payment...
Read More »Sagent Extends DCU Partnership for Five More Years
...lending services, business banking and lending services, insurance, and real-estate services. “For decades, Digital Federal Credit Union has grown and retained members with a customer-obsessed approach that reflects Sagent’s own...
Read More »First Republic Becomes Second-Largest Bank Failure in History
The third major bank failure of the year turned out to First Republic Bank, which was taken over by the Federal Deposit Insurance Corporation (FDIC) with most assets and deposits...
Read More »Fannie Mae Executes Fourth CIRT Transaction of 2023
Fannie Mae has announced that it has executed its fourth Credit Insurance Risk Transfer (CIRT) transaction of 2023. As part of Fannie Mae's ongoing effort to reduce taxpayer risk by...
Read More »Collaboration Between Professor and Students Take on Mortgage Climate Risk
...tract and other characteristics. The Smith School plans to make the tool available online. So how could this information be used? Fannie Mae and Freddie Mac, insurance companies, and policy...
Read More »Director Thompson Sets Record Straight on Mortgage Pricing Fees
...down payment smaller than 20% of the home’s value typically pay mortgage insurance premiums, so these must be added to the fees charged by the GSE’s when considering a borrower’s...
Read More »Nearly $17B Reportedly Lost Annually From Severe Storms
...Senior Director of Insurance Solutions at CoreLogic. “Accurate risk assessment to inform preparation is critical for insurance companies and communities alike as severe weather events increase in severity and frequency...
Read More »Five Star Government Forum Brings Together Mortgage Industry, Government
...homeowners with FHA mortgages stay in their homes via forbearances, the reduction of annual mortgage insurance premiums for FHA mortgages, and FHA’s ongoing work to improve its technological infrastructure. (For...
Read More »The Week Ahead: Two Top HUD Nominees to Face Senate Banking Panel
...of Labor's Unemployment Insurance Weekly Claims Report (Thursday) NAR March Existing-Home Sales Report (Thursday) Harvard Joint Center for Housing Studies: Landlords, Potential Tenants, and Access to Criminal Records Information (Friday)...
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