As inflation grips the country, the price of everything has been going up and home insurance is no exception.  According to QuoteWizard, an online insurance marketplace and subsidiary of LendingTree, rates have increased at least 34% in some areas of the country as revealed in their new State of Home Insurance Report.  In order to ...

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Introduction of new Final Rule will introduce public disclosure requirements to the Enterprise Regulatory Capital Framework, and foster risk management practices.

The post FHFA Rule Brings Greater Transparency to GSEs appeared first on DSNews.

The Consumer Finance Protection Bureau (CFPB) announced the creation of a new office, thus forth called “the Office of Competition and Innovation,” to “spur innovation in financial services by promoting competition and stumbling blocks for new market entrants.”  The creation of the new office coincides with the closure of the Office of Innovation, which focused ...

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“Ocwen” or the “Company”, announced the appointment of Sean O’Neil as Executive VP and CFO, effective June 13, 2022. O’Neil brings significant financial leadership experience Ocwen in the mortgage sector, and will be responsible for leading the Company’s global finance organization. He joins Ocwen from Bayview Asset Management, LLC, where he served as the company’s ...

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With the average length of time Americans remain in their home now exceeding 10.5 years, rising mortgage rates will continue to discourage existing homeowners from selling their homes and further curb migration, according to a report.

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The share of the number of homes for sale shrank at its slowest pace since the start of the pandemic, as continuously rising mortgage rates have limited many homebuyer budgets.

The post Declining Home Sales Could Bring “Balance to the Market” appeared first on DSNews.

The U.S. Mortgage Insurers (USMI), which is the trade association representing the nation’s leading private mortgage insurance companies, has announced the industry has transferred more than $55 billion in risk on nearly $2.8 trillion of insurance-in-force from 2015-2021.   This use of MI credit risk transfer (MI-CRT) reduced volatility in the business and brought more ...

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In service as Acting Director of the FHFA since June 2021, former FDIC executive officially begins her term as FHFA Director after a 49-46 Senate vote.

The post Senate Confirms Thompson as FHFA Director appeared first on DSNews.

Make sure that your Section 1304 notices do not include anything beyond what the statute expressly prescribes, and it is mailed in a separate envelope. Arsenio Rodriguez and Ali Degan Esq. from Stern & Eisenberg, P.C. explain this crucial detail.

The post Statutory Requirements: Strict Construction or Strict Compliance? appeared first on DSNews.

On other fronts, April's numbers bucked trends for this time of year, with mortgage delinquencies hitting a “new record low.” Check out the latest data from Black Knight to see what factors are in play.

The post Foreclosure Starts, Completions Up Substantially YoY appeared first on DSNews.