AcquisitionIn The News

Novacore To Acquire CP Insurance Associates, Expanding Capabilities

Novacore, an independent, next-generation specialty insurance provider set to shape the future of specialty insurance, has entered into a definitive agreement to acquire CP Insurance Associates (CPIA), a Texas-based insurance services agency specializing in lender-placed insurance, investor property and buy here pay here programs, as well as insurance for financial institutions.

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AffordabilityIn The News

Homebuyer Affordability Improved Slightly In December

Homebuyer affordability improved slightly in December, with the national median payment applied for by purchase applicants decreasing to $2,025 from $2,034 in November. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).

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Execs On The MoveIn The News

Industry Vet Joe DeMarkey Joins New Reverse Mortgage Advisory Group

REVERSE plus, a technology and education company focused on making reverse mortgages easier to understand and sell, announced that Joe DeMarkey has joined its Advisory Group. DeMarkey is the first of several industry leaders expected to be announced in the coming weeks as REVERSE plus continues to build a diverse advisory team representing all corners of the mortgage ecosystem.

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