Servicers preparing for a new surge in their FHA loan portfolios

People on the move: July 21 Ivette Barajas is vice president and SBA business development officer, Adrick Akoopie is assistant vice president and bank card manager, and Lisa Hickey is assistant vice president and business product manager at Nevada State Bank. Barajas has more than 16 years of experience and Hickey has been.Fannie Mae taps eOriginal for new electronic vault People on the move: june 15 essent posts higher net income at year’s midpoint Net income. year: Sales will be in the range of $555 million to $575 million. The midpoint of this range represents growth of about 20%. The growth is expected to be driven mainly by new store.Endeavor Business Media Taps PennWell’s June Griffin As CMO | People on the Move Questex continues filling leadership ranks, Time makes more editorial hires, Quad has a new VP of media services and more.Costs cloud some lenders’ view on the success of data initiatives This leads to business users getting inconsistent reports, as some of the data. During this time, costs add up, and business users are deprived of access to their data that could make a huge impact.To facilitate this expansion of its mortgage business, Wells Fargo is partnering with eOriginal, a digital solution provider for the mortgage industry and a HousingWire Magazine Tech100 winner in.

HUD 4000.1 On FHA New Construction Loans. When you review your options for an FHA home loan, you’ll run across loan information about FHA mortgages for "existing construction" loans and "new construction" or "under construction" loans.

FHA Loans Could Lead to Portfolio Growth for Servicers. In response, servicers are evaluating their third-party vendors to make sure that they possess the proper knowledge to comply with the program-97 percent of servicers that participated in the survey said they are considering a single-vendor approach to streamline the increasingly complicated process.

"The implications for special servicers are potentially dire," according to the Deutsche Bank report. "If they wait too long to foreclose or restructure loans, the number of loans in their portfolios will continue to build, so even when they finally resolve an asset it might not even make a dent."

Loan originations are reaching a new high in the post-recession era, according to Magnify Money. With more loans and mortgages being approved, lending institutions need more quality mortgage job seekers like yourself to join their team and keep up with demand from homeowners.

Private insurers may expand role in federal flood program In the short time since we began in October 2013 we have written over $100,000,000 of private flood insurance premiums. The Flood Insurance Agency’s Private market flood program now provides over $4 billion dollars of flood insurance coverage for residential, habitational and commercial properties.

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According to the study, nearly three-quarters (71 percent) of servicing professionals surveyed predicted FHA/VA loan volumes would increase within their organizations in the next 12 to 24 months; 41 percent believed fha loans will offer their organizations the most portfolio growth over the same time period.

Finally, Treasury introduced a program to allow the hardest-hit states to tailor housing assistance to their areas, and worked with FHA to introduce an option for homeowners with high negative equity to refinance into a new FHA loan if their lender agrees to reduce principal on the original loan by at least ten percent.