...automatically granted for Home Equity Conversion Mortgages commencing from the date of the Presidential major disaster declaration. Making mortgage insurance available: HUD's Section 203(h) program provides FHA insurance to disaster...
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The Week Ahead: Modernizing the Community Reinvestment Act
...Banks Meet the Credit Needs of Their Communities." The Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation recently proposed updates to the...
Read More »Home Insurance Premiums Rise in 30 States
...in home insurance premiums at 34% while Kentucky experienced the largest decrease in home insurance premiums at -25% Another national statistic: insurance prices decreased in 16 states but increased in...
Read More »Private Mortgage Insurers Transfer Risk on $2.8T of Coverage
...MI President and CEO Adam Pollitzer: “MI-CRT is central to how the private MI industry manages credit risk. The tools we use—insurance-linked notes offerings, excess of loss reinsurance treaties, and...
Read More »Senate Confirms Thompson as FHFA Director
...joining the FHFA, Thompson worked at the Federal Deposit Insurance Corporation (FDIC) for more than 23 years in a variety of leadership positions, including as Director of the Division of...
Read More »Fannie Mae Executes $21B CIRT on Single-Family Loans
Fannie Mae announced the execution of its fifth Credit Insurance Risk Transfer (CIRT) transaction of 2022 in the amount of $21 billion. Effective April 1, Fannie Mae will retain risk...
Read More »The Week Ahead: Servicers Crafting the Ultimate Client Experience
...Committee Hearing: Reauthorization and Reform of the National Flood Insurance Program (Wednesday) WFG Insights: Quarterly Economic Outlook Webinar (Wednesday) Senate Banking Committee Hearing: Examining the U.S. Department of Agriculture’s Rural...
Read More »Duty Free
...rule applied in insurance disputes and professional liability claims; rather they were more akin to typical commercial contracts. The court also rejected the argument that the rule only applied where...
Read More »Migration is Key Trend Affecting Insurance Carriers
...credit bureau TransUnion, who also found that migration patterns are increasingly becoming out-of-state, which poses risks to insurance providers books. The report comes from TransUnion’s annual insurance summit, which is...
Read More »Keeping Up With Demand
...staff. He previously held leadership roles at Genworth Mortgage Insurance, BNC Mortgage, Fieldstone Mortgage, and American Mortgage Solutions. What is the current state of the SFR marketplace? Investors are running...
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