Housing Wire

JULY 25, 2023

HousingWire recently spoke with Matic CEO and co-founder Ben Madick about the changing home insurance market, how it impacts mortgage lenders and homeowners, and why lenders should pay attention. HousingWire: What is the current home insurance market like? In 2022, property and casualty insurers recorded a combined ratio of 102.4%

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Housing Wire

AUGUST 17, 2023

With the housing industry down across the board, upstart title insurance firms couldn’t maintain strong growth rates in 2023. Just three title insurance firms made the annual Inc. Nine title insurers made the list in 2022. The title insurance firm ranked No. The Plano, Texas-based title insurance firm was ranked No.

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Housing Wire

DECEMBER 26, 2022

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. For the title insurance industry, she feels this will result in a thinning of the herd.

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Housing Wire

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. Mortgage Insurers.

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Appraisal Buzz

DECEMBER 2, 2021

Fannie Mae has completed its final Credit Insurance Risk Transfer (CIRT) transaction of 2021. CIRT 2021-2 covers $30.7 billion in unpaid principal balance (UPB) of generally 30-year original term, fixed-rate loans acquired from April through June 2021. billion of mortgage credit risk to private insurers and reinsurers.

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Housing Wire

JULY 25, 2023

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”

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Housing Wire

JULY 26, 2023

We immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem,” Armstrong, a Compass agent in San Diego, told HousingWire’s Brooklee Han in a feature we published Tuesday. Insurance policies for homeowners are skyrocketing. The result?

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Housing Wire

MARCH 24, 2022

The Federal Housing Administration insured thousands of mortgages in 2020 without the mandatory flood insurance coverage. According to the watchdog, at least 31,500 FHA-insured loans insured did not have the required National Flood Insurance Program coverage. The potential loss on these loans could amount to $1.5

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Housing Wire

JULY 7, 2022

the holding company for Enact Mortgage Insurance Co. , The credit facility will be used for working capital and other corporate purposes as well as for capital contributions to its insurance subsidiaries. Enact (Nasdaq: ACT), formerly known as Genworth Mortgage Insurance Corp., Enact Holdings Inc.,

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Housing Wire

MAY 9, 2022

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. The title insurance industry generated $26.2 The title insurance industry generated $26.2

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Housing Wire

MAY 24, 2023

methodology in October 2021, thousands of homeowners in low-elevation coastal areas of the United States braced for federal flood insurance hikes. Recently released data from the agency shows that annual flood insurance premiums will eventually double or even triple for homeowners in some U.S. billion shortfall as of 2020.

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Housing Wire

MARCH 4, 2022

Fannie Mae this week completed its first credit insurance risk transfer (CIRT) deal of the year as part of the agency’s ongoing efforts to share mortgage risk with the private sector. . The deal transferred millions of dollars of credit risk to a group of 22 private insurers and reinsurers. That credit risk is tied to a $26.1

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Housing Wire

DECEMBER 22, 2020

Mortgage title insurance premiums surged by 17.6% billion in title insurance premiums seen in the second quarter this year. But with home sales and mortgage origination volumes rising, it comes as no surprise that mortgage title insurance is also seeing an uptick. North American Title Insurance : 1.8% Old Republic : 14.5%

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Housing Wire

FEBRUARY 18, 2022

The stock price of Doma Holdings was down 29% on Friday afternoon after the title insurance company posted a $43.7 million GAAP loss in the fourth quarter, and a $113 million loss for the full year in 2021. For the full year of 2021, Doma recorded an adjusted EBITDA loss of $71.6 In 2020, the company posted a $19 million loss.

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Housing Wire

SEPTEMBER 20, 2021

Radian Group recently announced the launching of its title insurance and closing services platform, titlegenius, in Arizona, California, Nevada, Ohio and Pennsylvania. The mortgage insurance and real estate services company first introduced titlegenius in Florida this past May. Presented by: FundingShield.

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Housing Wire

JUNE 21, 2022

billion in title insurance premium volume during the first quarter of 2022, compared to $5.68 The title insurance industry had a record year in 2021 , generating $26.2 premium volume increase compared to the first quarter of 2021,” Diane Tomb, ALTA’s CEO, said in a statement. WFG National Title Insurance Co.

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Housing Wire

DECEMBER 21, 2020

It also directs servicers to cease all evictions of persons from FHA-insured single-family properties, excluding actions to evict occupants of legally vacant or abandoned properties. The post FHA extends foreclosure and forbearance policies to 2021 appeared first on HousingWire. GSE loans, however, have settled at 3.26%.

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Housing Wire

APRIL 13, 2021

Title insurers wrote $19.2 billion in premiums last year, but a recent report from the American Land Title Association predicts a slowdown in 2021 due to – you guessed it! – Just how fruitful was 2020 for title insurers? billion in 2021, while First American reported $694.6 low inventory. billion in 2019. of the market.

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Housing Wire

AUGUST 16, 2022

A total of nine title insurance and settlement services providers were named to the Inc. In 2021, 12 firms made the list. based on percentage revenue growth from 2018 to 2021. based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2021.

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Housing Wire

JANUARY 21, 2022

According to the regulator, the bank violated the FDPA to “make, increase, extend, or renew loans” secured by properties in special flood hazard areas until after it obtained proof of adequate insurance. Flagstar Bank originated almost $40 billion in mortgage loans from January to September 2021, an 11.4% The post Flagstar to pay $3.6M

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Housing Wire

JULY 19, 2021

Margaret Redman has been named director of national commercial services and senior regional underwriting counsel for North American Title Insurance Co. million in 2021. The post North American Title Insurance announces flurry of moves appeared first on HousingWire. but projects to be at 5% by 2023. Doma saw revenues of $179.8

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Housing Wire

JUNE 13, 2022

Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $725 million in mortgage-risk coverage as part of the agency’s ongoing effort to share risk with private-sector insurers. billion of insurance coverage on $675.9 billion of insurance coverage on $675.9 billion loan pool.

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Housing Wire

SEPTEMBER 28, 2021

a Philadelphia-based title insurance company. The agreement marks Compass’s fifth title insurance company acquisition this year and third this month. For the traditional “Big Four” title insurers Fidelity National Financial , First American Finance Corp. , Presented by: FundingShield.

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Housing Wire

FEBRUARY 3, 2021

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. The post Why mortgage lending standards will ease in 2021 appeared first on HousingWire. Such a scenario illustrates the growing disparities in the U.S. housing market.

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Appraisal Buzz

NOVEMBER 29, 2021

Bad news for homeowners with a flood insurance policy—for the majority of homeowners in flood zones, rates are more than likely going to go up when the policy renewal time comes around. Starting October 1, 2021, the Federal Emergency Management Agency (FEMA) switched to a new risk rating system colloquially known as “Risk Rating 2.0”

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Housing Wire

JUNE 26, 2023

In the title insurance industry this resulted in a drop in capital adequacy , according to a report released Friday by Fitch Ratings. Rising mortgage rates , lower homebuyer demand and fewer homeowners choosing to sell their homes caused the housing market to slow during the second half of 2022.

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Housing Wire

NOVEMBER 4, 2022

There has been a flurry of recent articles prognosticating a decrease to Federal Housing Administration (FHA) insurance premiums. At least 137,000 of those borrowers have FHA-insured loans. FHA’s Mutual Mortgage Insurance Fund (MMI Fund) is there to be the primary buffer against these inevitable shifts in housing and the economy.

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Housing Wire

MARCH 15, 2021

Subject to closing conditions, Blend anticipates to finish the deal by the end of the second quarter in 2021, leaving nearly 10% ownership interest to Mr. Cooper upon deal completion. ” Over time, Blend, which was named as one of HousingWire’s 2021 Tech 100 winners, has steadily grown to be a powerhouse in the mortgage tech industry.

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Housing Wire

AUGUST 2, 2021

The 2021 Women of Influence winners represent 100 of the most influential women in leadership in the housing economy. More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Mortgage Insurers. Company Name.

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Housing Wire

NOVEMBER 3, 2020

The National Flood Insurance Program’s authority to issue policies was recently extended for a full year, until September 30, 2021. If CoreLogic determines that a home is in a high-risk flood zone, as a condition of that loan, the bank must require flood insurance – and most of those policies are written through the NFIP.

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Insurance Housing Market Marketing Business 367

Appraisal Buzz

NOVEMBER 9, 2021

MGIC Investment Corporation’s principal subsidiary Mortgage Guaranty Insurance Corporation (MGIC) has announced that Sri Kadasinghanahalli joined the company on October 18, 2021 as Vice President of Systems Development. The post Kadasinghanahalli Joins Mortgage Guaranty Insurance Corporation appeared first on Appraisal Buzz.

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Appraisal Buzz

DECEMBER 13, 2021

Q3 operating income totals for the title industry hit all-time highs, up more than 50% in 2021. The post Title Insurance Volume Sees Record High Increase appeared first on DSNews. The post Title Insurance Volume Sees Record High Increase appeared first on Appraisal Buzz.

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Appraisal Buzz

AUGUST 11, 2022

Based on a Policygenius study of 8,698 active home insurance policies quoted for renewal between May 2021 and May 2022, home insurance prices are rising at a faster rate than inflation, as costs are up nationwide since last year.

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Housing Wire

DECEMBER 2, 2020

Given massive year-over-year gains in home prices , the Federal Housing Administration (FHA) is increasing its 2021 loan limit in most of the U.S. That loan limit figure is determined as a percentage of the national conforming loan limit for Fannie Mae and Freddie Mac , which is increasing in 2021 to $548,250. 1, 2021, through Dec.

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Housing Wire

NOVEMBER 29, 2023

For the first time since 2021 when Americans relocated in droves, Nashville once again is a top migration destination, according to a new report from Redfin. The rising threat posed by natural disasters such as hurricanes and flooding prompted many homeowners insurance providers to pull out from risk-prone areas in recent months.

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Housing Wire

OCTOBER 31, 2022

Third-quarter earnings season kicked off with a bang last week with three ( Stewart, First American and Old Republic ) out of the Big Four title insurers reporting their earnings on Thursday. billion and net income fell from $445 million in Q3 2021 to $2 million in Q3 2022. year over year to $968.1

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Housing Wire

FEBRUARY 24, 2022

Fast forward to Thursday, and Opendoor reported losing $662 million in 2021. Opendoor’s losses came after iBuyer Offerpad announced it made $6 million in net income for 2021. Opendoor resold 21,725 of the homes it bought in 2021, up 119% from 2020. That exceeds Zillow’s $528 million loss for the year. The company tallied $8.0

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