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...Rohit Gupta, President and CEO, Genworth Mortgage Insurance. As the government and industry work to build and maintain a more stable housing market, Gupta examines what factors must be at...
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Search Results for: insurance
New White Paper: Mortgage Servicers Bracing for Forbearance Impact
...on the duration of the forbearance. In addition, the paper states that deferred taxes, insurance, and HOA fees could total more than $48 billion. "Current legislation does not yet relieve...
Read More »CARES Act Could Help People Stay in Their Homes
...beneficial sections of the bill is the increase in unemployment insurance benefits. The bill includes an additional $600 per week for up to four months, which brings the monthly average...
Read More »FEMA Extends NFIP Grace Period
In response to the COVID-19 pandemic, FEMA is extending the grace period for National Flood Insurance Program (NFIP) renewals. For customers who may be experiencing financial hardships, the agency is...
Read More »Senate Leaders Reach Deal on $2T Stimulus Package
...for hospitals. Bloomberg reports the package provides direct payments to lower-and-middle incomes Americans of $1,200 for each adult and $500 for each child. Unemployment insurance will also be extended by...
Read More »Special Issue: Industry Response From COVID-19
...Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Conference of State Bank Supervisors, issued a joined statement...
Read More »HUD Suspends Face-to-Face Requirement in Response to COVID-19
...apply to face-to-face requirements in place for the Section 248 insurance program. Montgomery goes on to write that without this measure there would be a risk of "non-compliance by mortgagees...
Read More »Casting a Net for Cybersecurity
...is multifactor authentication for everything that supports it. The American Land Title Association (ALTA) recently updated portions of its Title Insurance and Settlement Company Best Practices. One of the changes...
Read More »Financial Institutions Address Tornado Damage
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Tennessee...
Read More »Mortgage Leaders Form COVID-19 Industry Task Force
...Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the National Credit Union Administration (NCUA), the Consumer Financial Protection...
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