Underwriting

But existing deals are likely to experience issues resulting from higher defaults, faster prepayment speeds.

Clear HOI — an encrypted, cloud-based tool that automates homeowners insurance underwriting — is getting released to the broader market by Rocket Mortgage’s sister company Nexsys Technologies.

Whether Ginnie issuance increases in the future may depend in part on the extent to which the Biden administration wishes to tap the FHA to promote affordable housing and homeownership.

In November, more loan products were being offered both at the upper and lower ends of the market.

The move follows a report last year that the government-sponsored enterprise was looking into working with the provider of artificial intelligence-driven credit-risk models.

Lenders also increased jumbo product availability as well as rolling out new SOFR-indexed ARMs.

If enacted, the rule will bring the agency into compliance with the GSEs and the Biggert-Waters Flood Insurance Reform Act.

Plans for a first-time homebuyer tax credit and expanded affordable housing opportunities may be attractive to lenders, but they’re wary of increased regulation.

Problems with self-service tools and inconsistent communication have damaged consumer perception of their lender, J.D. Power said.

For most of the underwriters it was a strong quarter, but concerns remain over government-sponsored enterprise reform and potential claims after forbearances end.

Compared with the second quarter, the title insurer had 154,000 more orders opened and earned $89 per residential file.

The ballot measure, which would allow local jurisdictions to expand rent control, had concerned mortgage companies who worried the law would result in a patchwork of different policies that could complicate underwriting and discourage lending.

The price for the commercial valuation and budgeting technology company was not disclosed.

The technology rolled out by the Department of Housing and Urban Development aims to provide lenders with immediate and expanded responses related to Federal Housing Administration insurance eligibility.

Two investors pushing CoreLogic Inc. to explore a sale won partial support from a prominent shareholder advisory firm, which urged shareholders to support three of the dissident group’s nominees for the board.

This deal comes a little more than two months after CIS combined with Avantus.

The company said it is "engaging with third parties" that are reportedly willing to pay at least $14 per share more than Senator Investment and Cannae Holdings.

The war of words between Senator Investments, Cannae Holdings and CoreLogic continues in the run-up to the Nov. 17 special shareholders meeting.

The agency confirmed that loans backed by Fannie Mae and Freddie Mac can continue avoiding debt-to-income limits as the bureau completes a revamp of the Qualified Mortgage standard.

While using the 30-day SOFR as its index, Freddie Mac structured the deal so it could shift to a one-month term if and when that rate is approved.