Radian Guaranty, Philadelphia has begun has begun offering a title insurance alternative product called Radian Lien Protection as part of a website-based closing package. The new product insures lenders against a range of losses, particularly those caused by undisclosed property liens. It is designed to reduce title fees by more than 50% on refinances, second mortgages and home equity loans.The product, which is being offered in conjunction with ExpressClose, is part of a closing package that is accessible through a secure website. The closing package includes appraisals, credit reports, documentation, loan closings and access to closing documents. Radian's website is http://www.radianmi.com.
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Endorsement numbers for federally backed reverse mortgages dropped to their lowest monthly total in over six years, according to a new report.
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A new class action lawsuit against Unlock Technologies echoes other complaints in crying foul over confusing contract terms and huge repayments.
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Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
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Developments like the downward swing in total jobs reported Friday, inflation and AI have made nonbank employment more complex and volatile this year.
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Single-family mortgages originated with new scores have been put into private securitizations but these typically have been submitted alongside classic FICOs.
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The collaboration comes after HUD issued several other updates earlier this year aimed at increasing affordability through loosened homebuilding policy.
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