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The “Big Four” take on the upstarts in title insurance

Housing Wire

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. ow and ease of the entire closing process.

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Fidelity joins “Big Four” counterparts in reporting record-breaking year?

Housing Wire

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. billion coming from direct title premiums, a 21% increase of the fourth quarter of 2020. billion for 2021, a 49% increase over a year prior. billion, with $1.0 in Q4 and 21.7% for the full year.

Insurance 345
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MISMO searches for participants for closing initiative

Housing Wire

The CLP forms a contract between a title insurance underwriter and a lender, in which the underwriter agrees to indemnify the lender for actual losses caused by certain types of misconduct by the closing agent, while the Title Commitment is a promise from your title company to issue the title insurance policy after the closing is completed.

Insurance 303
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FHA unveils Automated Underwriting System as part of modernization initiative

Housing Wire

The Federal Housing Administration announced on Wednesday the launch of its first automated underwriting system that will allow lenders to submit loan application data electronically for single family forward mortgages from their loan origination systems to FHA for mortgage insurance eligibility.

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CFPB outlines issues with illegal ‘junk fees’ by mortgage servicers

Housing Wire

Mortgage servicers charged the top late fee amount allowed by relevant state laws, even when homeowners’ mortgage contracts capped late fee amounts below state maximums,” the CFPB said. Servicers also collected money for fake private mortgage insurance (PMI) premiums that homeowners did not owe in their monthly statements, the CFPB said.

Mortgage 298
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“It’s ridiculous”: Real estate industry opposes newly proposed cash-deal reporting rules

Housing Wire

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers. financial system.

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Build-for-rent is a bet on the ‘new normal’ housing market

Housing Wire

The two SFR companies, among the largest operators in the space, announced this past summer that they have thousands of build-for-rent homes planned for development or already in the construction pipeline — some 12,000 on a combined basis. In addition, JP Morgan Chase & Co. metro areas. Numerically, that means that approximately 1.5