Nolan Willis has been named director of technology at Stewart Default Solutions, Houston.Mr. Willis joins SDS from REIData Inc., where he was a senior project manager for its real estate information portal. Both companies are subsidiaries of Stewart Mortgage Information, a wholly owned subsidiary of Stewart Information Services Corp. Before joining REIData, Mr. Willis held various planning and development posts in the financial services, health care, and transportation industries, SDS said. The company can be found online at http://www.stewartdefaultsolutions.com
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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.
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The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
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