Evan Jafa has been named to the newly created position of chief technology officer at The First American Corp., a Santa Ana, Calif.-based provider of title, property, mortgage, and other data.He will oversee the company's Corporate Information Technology Group, which was formed recently to support the development of First American's technology centers and technical infrastructure, the company said. Mr. Jafa was most recently chief technology officer for First American's Property Information Group.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18