...Letter 87-20, dated June 23, 1987, provides mortgagees with the procedures for bidding and payment of claims under the Single-Family FHA Mortgage Insurance program. The CWCOT program was designed to...
Read More »Search Results for: insurance
Nearly Half of All Delinquent Mortgages on Loss Mit Plans
...the full mortgage payments that include escrows, generally made up of principal, interest, taxes, and insurance (PITI). The three major federally insured programs are the GSE Flex Mod and the...
Read More »Florida, Texas, Most Likely to See Flood Insurance Hikes
...Florida the hardest. FEMA’s Risk Rating 2.0 raises flood insurance premiums on those who depend on NFIP to protect their homes from natural disasters through government-backed, but privately-administered flood insurance....
Read More »The Week Ahead: Servicing Industry Meets Government Leaders to Chart Future
...Weekly Housing Market Recap (Wednesday) Freddie Mac Primary Mortgage Market Survey (Thursday) U.S. Department of Labor's Unemployment Insurance Weekly Claims Report (Thursday) Five Star 2022 Diversity and Inclusion Symposium (Thursday)...
Read More »Uncovering Natural Disaster Insurance Gaps
...single insurance policy that covers damage due to a hurricane, you can get homeowners insurance, flood insurance and, in some states, windstorm insurance to protect your home against hurricanes. Wildfires...
Read More »Fannie Mae Executes $23.1B CIRT on Single-Family Loans
Fannie Mae announced the execution of its fourth Credit Insurance Risk Transfer (CIRT) transaction of 2022. Dropping nearly 12% from the first transaction of $26 billion executed in February, Fannie...
Read More »FHA Finalizes Details on 40-Year Mortgage Mod
...FHA insurance, except that HUD will agree to subordinate the Partial Claim note to an FHA-Streamline Refinance. COVID-19 Recovery Modification: For borrowers who cannot resume making their current monthly mortgage...
Read More »Homeowners Paid a Collective $328B in Property Taxes in 2021
...to afford a home or not. It's critically important for consumers to factor in taxes, insurance and maintenance when determining whether they're ready for the financial responsibility of home ownership."...
Read More »Fannie Mae CEO Frater to Retire, Board Chair Bair Resigns
...Board of Managers of Common Securitization Solutions, a Fannie Mae and Freddie Mac joint venture. Bair is the former Chair of the Federal Deposit Insurance Corporation (FDIC) and Assistant Secretary...
Read More »Home Prices Up Again in 66% of U.S.
...including mortgage, property taxes, and insurance. That required income was then compared to annualized average weekly wage data from the Bureau of Labor Statistics. “It’s certainly no surprise that affordability...
Read More »