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HousingWireHousingWire The U.S. Department of Housing and Urban Development (HUD) on Monday announced that it has reached a settlement with PHH Mortgage Corp., a division of the Onity Group, over the alleged imposition of fees for borrowers making payments on their mortgages, which is in violation of Federal Housing Administration…
Continue reading →HousingWireHousingWire The real estate industry went through a lot last year. The word “fear” plagued the minds of many industry professionals as the business underwent seismic shifts, and as President-elect Donald Trump enters office next week, these feelings still ring true for a sizable chunk of agents. This finding comes…
Continue reading →HousingWireHousingWire It’s imperative for reverse mortgage borrowers to contact their insurance carrier if their property has been damaged in the ongoing Southern California wildfires, and to let their servicer know of anything that could impact their occupancy of their property due to the terms of Federal Housing Administration (FHA)-backed reverse…
Continue reading →HousingWireHousingWire The Consumer Financial Protection Bureau (CFPB) has found that homeowners facing flooding from rivers and creeks are more likely to be underinsured against flood risk than homeowners in coastal areas, according to a report published on Monday. The report is based on a sample of mortgage applications from 2018…
Continue reading →HousingWireHousingWire Fairway Independent Mortgage Corporation, a large mortgage lender and a top 10 lender in the reverse mortgage industry, will aim to expand its focus on its reverse mortgage arm in 2025 owing to the efforts of David Lazowski, the company’s new president of national recruiting and growth. Emboldened by…
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