Closing Complex Loans Faster With a Digitized Client Workflow

Join us for a discussion on changes in market demographics, suppliers and how focusing on customer experience and a few simple steps during the mortgage loan process can close deals 3x faster. event: All eyes on purchase

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Home appraisal’s ugly history and uncertain future

This is Part I of a deep dive into the home appraisal industry. Today we explore the origins of the appraisal industry and its current lack of diversity.

The digital journey starts at acquisition

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Politics & Money

Triad Nearing Deal to Put Existing MI Portfolio into Runoff

Triad Guaranty Inc. (TGIC) said Friday that despite a recent ratings downgrade, it continues to write new mortgage insurance business, and that its qualification with both Fannie Mae and Freddie Mac remains intact. Triad had seen a key insurer financial strength rating tied to its primary insurance subsidiary, Triad Guaranty Insurance Corporation, downgraded by Fitch from ‘AA-’ to ‘BBB-‘ roughly two weeks ago. The AA- minus rating level is generally considered the minimum to remain qualified to work with both GSEs, but both Fannie and Freddie have said they’re looking to work with the insurers rather than force the issue. Both GSEs would stand to record substantial losses otherwise, say sources that spoke with Housing Wire last week. “The GSEs are supporting Triad,” said Mark Tonnesen, president and CEO at Triad. “There is no change in our status as a qualified mortgage insurer.” Tonneson also said that negotiations with a key investor were progressing, and that should a deal be reached, Triad would put its existing MI portfolio into voluntary run-off while it reinvents itself as a separate company. “These are trying times for our company,” he said. “Although we face significant challenges, we remain committed to all key stakeholders as we attempt to complete this transaction.” For more information, visit Disclosure: The author held no positions in TGIC when this story was originally published. HW reporters and writers follow a strict disclosure policy, the first in the mortgage trade.

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Fannie Mae, and the housing market’s inflation problem

Another month of steadily increasing home prices and insatiable demand led Fannie Mae’s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.

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Doug Duncan and the housing market’s supply conundrum

The housing market has suffered due to high material prices, spend-anything buyers & a lack of supply. A return to normalcy will require big changes. HW+ Premium Content

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3d rendering of a row of luxury townhouses along a street

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