...insurance loss settlement process and introducing the Disaster Payment Deferral. All of these made meaningful impacts to streamline processes while continuing to effectively manage risk. More recently, the COVID-19 response...
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Analyzing Q3’s Most At-Risk Housing Markets
...part of California) Major home ownership costs (mortgage payments, property taxes and insurance) on median-priced single-family homes consumed more than one-third of average local wages in 33 of the 50...
Read More »The Week Ahead: What Lies Ahead for Loss Mitigation
...Index (RALI) (Tuesday) MBA Weekly Applications Survey (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...
Read More »FHA Issues Forward and Reverse Loan Limits for 2023
The Federal Housing Administration (FHA) has announced new loan limits for calendar year 2023 for its Single Family Title II forward and Home Equity Conversion Mortgage (HECM) insurance programs. Loan...
Read More »FHFA Announces Revised Deemed-Issuance Ratio for 2023
...Fannie Mae and 47% Freddie Mac. The IRS procedure provides guidance on Section 817(h) of the Internal Revenue Code diversification requirements for variable annuity, endowment, and life insurance contracts. The...
Read More »Tracking the Progress of Foreclosure Protections
...of homeowners experiencing financial hardship after January 21, 2020. Funds from the HAF were earmarked to be used for assistance with mortgage payments, homeowner’s insurance, utility payments, and other specified...
Read More »CFPB Addresses Consumer Reporting Companies’ Investigation Practices
...among other things, people’s eligibility for loans and interest rates, for insurance, and for rental housing and employment. “One wrong piece of information on a person’s credit report can have...
Read More »Fannie Mae Completes Final CIRT of the Year
Fannie Mae has announced today that it has executed its 11th and final Credit Insurance Risk Transfer (CIRT) transaction of 2022–CIRT 2022-11. As part of Fannie Mae's ongoing effort to...
Read More »The Front Lines of Property Preservation
...to manage such risks have come to fruition. Home value spikes have affected overhead and management costs in the form of insurance fees for our vendor networked providers. A recent...
Read More »HUD Expands Flood Insurance Options for Homeowners
...(SFHAs) have flood insurance. Previously, only flood insurance obtained through the National Flood Insurance Program (NFIP) was permissible for FHA-insured mortgages, which limited choices for consumers. MBA's President and CEO...
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