Today’s regulatory environment can move as fast as flood waters. Helping borrowers find opportunities to reduce or even remove their flood insurance starts with understanding all of the basics around this ever-changing area.
Category: News and Trends
Zillow: Housing Inventory Falls to New Lows
Zillow Inc., Seattle, said any gains from a modest buildup of inventory earlier this year were more than erased during the 2019 home shopping season.
FundingShield Receives MISMO Software Certification for Wire Fraud Prevention Technology
MISMO®, the mortgage industry standards organization, recognized FundingShield, an industry leading innovator within the mortgage fintech industry, with its Premiere Level Certification for their wire fraud prevention software. The Premiere Level Certification is the highest-level certification available by MISMO.
Zillow: Latinx Homeownership Rate ‘Decades Away’ From Catching Up With Whites
The nation’s Latinx population is buying homes are a higher rate than the overall U.S. population, beginning to close a gap between the Hispanic and white homeownership rate that has tripled since the start of last century. But despite these recent gains, the homeownership gap between Latinx and whites will take “decades” to close at the current pace, said Zillow Inc., Seattle.
Ginnie Mae Acting President Maren Kasper Announces Resignation
Acting Ginnie Mae President, Executive Vice President and Chief Operations Officer Maren Kasper said she is stepping down, effective Oct. 18, to pursue an opportunity in the private sector.
CFPB Issues Final HMDA Rule for Smaller Institutions
The Consumer Financial Protection Bureau last week issued a rule that finalizes certain aspects of its May Notice of Proposed Rulemaking under the Home Mortgage Disclosure Act.
Fannie Mae: Without Data Standards (and MISMO), Mortgage Industry Doesn’t Go Digital
In a new white paper, Fannie Mae, Washington, D.C., has a simple message for mortgage lenders: go digital–or go out of business.
Black Knight: Lower Interest Rates Boost Home Affordability to Three-Year High
Black Knight, Jacksonville, Fla., said low interest rates reduced the national median income to make monthly principal and interest payments on the average-priced home in September to the most affordable level in three years.
Dispose Distress Early to Minimize Loss Severity
A new study of distressed property dispositions between 2003 and 2017 by Fannie Mae and academic researchers finds loss severity on nonperforming loans is lower when properties are disposed of early, before a lender takes ownership.
Millennials Moving More Frequently Than Previous Generations
Millennials are moving more often and living in their homes for a shorter period than previous generations, said Zillow Inc., Seattle.