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Low pool concentrations of loans on properties located in Ida's path, plus robust property insurance are expected to rein in impacts and insulate noteholders.
September 3 -
Almost $35 million of the total is earmarked for compliance efforts at 93 organizations.
September 3 -
What that means for the industry outlook depends in part on how well the imbalance between supply and demand for homes sustains wavering gains in the housing market.
September 3 -
About 400,000 plans are scheduled to drop out in September based on the limits afforded by the CARES Act.
September 3 -
Roughly $8 billion to $12 billion of the residential losses in the Louisiana area could be insured, according to CoreLogic. The storm’s more recent Northeast impact has not yet been calculated.
September 2 -
From 2016 to 2019, the Long Island man stole from Home Point Financial, LoanDepot and United Wholesale Mortgage, and faces 30 years in prison.
September 2 -
Price growth is moderating and properties are taking longer to sell — albeit by a modest three days.
September 2 -
The 30-year average has remained below 3% for two months.
September 2 -
New York lawmakers extended the state’s eviction and foreclosure freeze through Jan. 15, providing relief to renters, homeowners and small businesses that have struggled during the COVID-19 pandemic.
September 2 -
The software from Incenter allows appraisers to use a homeowner’s mobile phone to take time-stamped and geotagged photos, in addition to dimensions recorded with a 3-D scanning digital measuring tape.
September 1 -
The company's new name helps reflect the business lines it expanded into outside of fix-and-flip during the last few years.
September 1 -
The extension in the number of days investors are locked out of the process comes amid a broader push by the Biden administration to boost access to affordable housing.
September 1 -
With its sale to Blue Ridge Bankshares set to close within months, FVC Bankcorp is moving to diversify by taking a 29% stake in Atlantic Coast Mortgage.
September 1 -
The White House and the Federal Housing Finance Agency announced steps to help nonprofits and public agencies buy foreclosed properties, among other initiatives, as part of a plan to boost supply over the next three years.
September 1 -
A majority of the deal was underwritten to a less-than-full documentation standard, but meets ATR standards. Almost half of the loans are on California homes.
September 1 -
Average loan sizes also grew, as continued demand for homes still outpaces inventory.
September 1 -
The Office of the Comptroller of the Currency is seeking nearly $19 million from David Julian, Claudia Russ Anderson and Paul McLinko. The trial before an administrative judge is scheduled to begin in South Dakota on Sept. 13.
September 1 -
By some current measures, nonbank capitalization looks strong compared to banks, but the way a Ginnie Mae proposal aims to assess the value of mortgage servicing rights would change that, Moody’s Investors Service reported Tuesday.
August 31 -
More than 500,000 houses were potentially affected by this type of damage from the more recent storm, which was the second-most intense storm in Louisiana’s history.
August 31 -
The deal comes with a 10-year agreement for Arch to serve as the exclusive mortgage insurance provider for Westpac LMI’s former parent financial institution in Australia.
August 31























