...Bank was closed by the California Department of Financial Protection and Innovation on March 10, 2023, and the Federal Deposit Insurance Corporation (FDIC) was appointed receiver. As of December 31,...
Read More »Search Results for: insurance
CFPB Reports on Illegal Fees Levied by Mortgage Servicers
...known to be incorrect. Servicers continued to pay inspectors to go to the known incorrect addresses and continued to charge consumers for those visits. Fake Private Mortgage Insurance (PMI) premium...
Read More »Cenlar Appoints Michelle DeHart as VP of Loan Operations
Cenlar FSB has announced that Michelle DeHart has joined the company as VP of Loan Operations, Escrow. DeHart will spearhead all escrow functions including tax, insurance, flood insurance and escrow...
Read More »Biden’s 2024 Budget Addresses Affordable Housing
...the Federal Housing Administration (FHA) is reducing the annual mortgage insurance premiums new borrowers will pay by about one-third. This action, effective in 2023, will save the average FHA borrower...
Read More »HUD Issues Final Rule to Offer 40-Year FHA Loan Mods
...to work with FHA and Ginnie Mae to ensure effective solutions and favorable outcomes for distressed borrowers, while also protecting the Mutual Mortgage Insurance Fund and ensuring secondary market certainty.”...
Read More »The Week Ahead: House Looks at CFPB Reform
...Williston Financial Group's Quarterly Economic Outlook (Wednesday) Realtor.com Weekly Housing Market Recap (Wednesday) Freddie Mac Primary Mortgage Market Survey (Thursday) U.S. Department of Labor's Unemployment Insurance Weekly Claims Report (Thursday)...
Read More »Fannie Mae Executes First CIRT of 2023
Fannie Mae has executed its first Credit Insurance Risk Transfer (CIRT) transaction of 2023, CIRT 2023-1 which transferred $407.5 million of mortgage credit risk to private insurers and reinsurers. Fannie...
Read More »Cenlar Adds Peter Johnson as VP
...in Loan Operations, where he will provide leadership over Special Products, including HELOC and Private Mortgage Insurance (PMI). Johnson, who has more than 35 years of experience in financial services,...
Read More »CoreLogic Announces the Acquisition of Roostify
...property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. CoreLogic serves the real estate and mortgage finance, insurance, capital markets, and the public sector....
Read More »HUD Issues $3.16 in Grants to Public Housing Authorities
...to the annual mortgage insurance premiums (annual MIP) charged to homebuyers who obtain an FHA-insured mortgage. The MIP will be reduced from 0.85% to 0.55% for most homebuyers seeking an...
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