United Financial Mortgage Co., Oak Brook, Ill., has announced a joint venture with Troon Management Corp., Hatboro, Pa., to establish a new title insurance agency.The new company, First Family Title LLC, will be based in Bensenville, Ill., and will initially offer title services only in Illinois, UFMC said. It is expected to open for business within 60 days. "Having us involved with a title agency is an obvious and natural progression for our business," said Steve Khoshabe, president and chief executive officer of UFMC. Troon currently manages multiple title insurance operations in six states. UFMC can be found online at http://www.ufmc.com.
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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.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18