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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Insurance Housing Market Marketing Agents 338

Housing Wire

JANUARY 10, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Sellers saw a market where their homes sold quickly and often above list price as multiple buyers competed to have the winning bid. . for 30-year fixed-rate loans.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Housing Wire

SEPTEMBER 27, 2023

Homebuyers faced surging mortgage costs, fees and monthly payments in 2022 amid a tightening monetary policy designed to combat persistent inflation. ” To illustrate, the median interest rate for a 30-year fixed-rate mortgage at the end of 2022 was 6.5%, per the CFPB report. . The data excludes taxes and insurance.

Mortgage 356

Mortgage Design Insurance Marketing 356

Housing Wire

MARCH 8, 2024

Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. For now, we can say the labor market isn’t tight anymore, but it’s also not breaking. From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000.

Marketing 477

Marketing Mortgage Transportation Insurance 477

Housing Wire

SEPTEMBER 19, 2023

Title premium volume continued to trend downward during the second quarter of 2023 as high mortgage rates and low housing inventory continued to plague the real estate industry. billion in title insurance premiums, down from $6.21 The same five states held the top spots in Q1 2022. of the market, putting it in sixth place.

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Insurance Real Estate Marketing Inventory 329

Housing Wire

OCTOBER 11, 2023

As Megan Hernandez, ALTA’s director of marketing and public relations put it, “he was due for a glow up.” “We We wanted to craft a brand that is impossible to ignore,” Jack Rattikin III, ALTA’s 2022-2023 president, told attendees gathered in The Broadmoor’s International Center. The animated eagle has had the same look since 1964.

Insurance 373

Insurance Government Real Estate Finance 373

Housing Wire

NOVEMBER 21, 2022

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. . billion, did not have the required NFIP coverage.

Insurance 349

Insurance Mortgage Realtors Design 349

Housing Wire

JULY 1, 2022

Connecting with clients and consumers has never been an easy task, and today’s market has been no exception. Tasked with an endless list of functions, this year’s 2022 Marketing Leaders did it all despite market turmoil. VP, Marketing & Growth. Vice President, Marketing & Communications. Alan Parris.

Marketing 382

Marketing Realty Real Estate Lending 382

Appraisal Buzz

SEPTEMBER 27, 2022

Fannie Mae has executed its ninth Credit Insurance Risk Transfer (CIRT) transactions of 2022. … The post Fannie Mae Executes Ninth Credit Insurance Risk Transfer of 2022 appeared first on DSNews. . … The post Fannie Mae Executes Ninth Credit Insurance Risk Transfer of 2022 appeared first on DSNews.

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Insurance Appraisal Mortgage Marketing 195

Housing Wire

MAY 20, 2022

Fannie Mae has executed its fifth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $733.3 million in mortgage-risk coverage for the private market. The transaction, CIRT 2022-5 involved a covered loan pool of 67,700 single-family mortgages with a total unpaid principal balance of about $21 billion.

Insurance 381

Insurance Mortgage Government Marketing 381

Housing Wire

APRIL 26, 2024

That figure was up 5% year over year and was only 3% below the peak price of $432,496 in May 2022. In Texas and Florida , however, key market signals show diverging trends. Major markets such as Tampa, Orlando and Dallas also posted supply growth of 20% to 30% during this period. Redfin reported that among the 10 U.S.

Housing Market 343

Housing Market Marketing Insurance Sellers 343

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. It was too darn hot: the housing market slows down. What happened to the market?’”.

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Insurance Bracketing Legal Business 464

Housing Wire

MARCH 8, 2024

The Desjardins Group , a Quebec-based lender, is no longer issuing mortgages in high-risk flood areas, multiple media outlets reported this week. According to the Insurance Bureau of Canada , roughly 1.5 According to the Insurance Bureau of Canada , roughly 1.5 In addition, Canada doesn’t have a national flood insurance program.

Insurance 356

Insurance Mortgage Housing Market Buyers 356

Housing Wire

MAY 16, 2022

Polly , a software-as-service mortgage technology firm that operates a loan-trading platform, integrated with six mortgage insurance providers to streamline the mortgage process for loan officers and mortgage lenders. . Polly raised about $57 million from three rounds of funding since its launch in 2019.

Insurance 325

Insurance Mortgage Investors Tools 325

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. Mortgage rates are at 7.5% Mortgage rates are now topping 7.5%, the highest levels seen this year. housing market at the end of April 2024. Two years ago, inventory was jumping along with mortgage rates.

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Sellers Marketing Inventory Contracts 462

Housing Wire

MAY 28, 2023

Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Mortgage rates rose to a 2023 year high of 7.12% as the debt ceiling talks pushed bond yields higher. Active housing inventory , thankfully, saw some decent growth last week.

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Housing Market Mortgage Marketing Inventory 487

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

Insurance 409

Insurance Real Estate Mortgage Finance 409

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. “Our third quarter results reflect the headwinds experienced from increased mortgage interest rates that have significantly impacted the market.

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Insurance Marketing Investors Investing 301

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. at the end of April, according to HousingWire ’s Mortgage Rates Center. They crested near 7.6%

Marketing 361

Marketing Mortgage Investors Sellers 361

Housing Wire

FEBRUARY 3, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market.

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Housing Market Marketing Supply Chain Mortgage 403

Housing Wire

MARCH 22, 2022

On the heels of completing its first credit insurance risk transfer (CIRT) deal of the year in early March, Fannie Mae has announced that it has executed two additional CIRT deals. . The newest deals, CIRT 2022-2 and CIRT 2022-3, together transferred $1.8 billion of mortgage credit risk to private insurers and reinsurers. “We

Insurance 324

Insurance Mortgage Real Estate Investors 324

Housing Wire

FEBRUARY 23, 2023

Despite the closed title purchase order volume dropping 36% year over year and the number of closed refinance orders dropping 79% compared to the fourth quarter of 2021, Fidelity National Financial still managed to record a strong Q4 in 2022. For the full year 2022, Fidelity’s title segment recorded revenue of $9.5

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Marketing Business Insurance Mortgage 300

Housing Wire

MAY 1, 2024

As existing home sales dropped to the lowest level it has seen in nearly three decades in 2023 , title insurance premium volume also took a hit. In 2023, the title insurance industry generated $15.1 In 2022 , the title industry generated $21 billion in premiums. In 2022 , the title industry generated $21 billion in premiums.

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Insurance Marketing Mortgage Finance 327

Appraisal Buzz

MARCH 23, 2022

Fannie Mae has announced the execution of its second and third Credit Insurance Risk Transfer (CIRT) transactions of 2022. As part of Fannie Mae’s ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2022-2 and CIRT 2022-3 together transferred $1.8

Insurance 195

Insurance Mortgage Appraisal Marketing 195

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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Insurance Home Value Inventory Real Estate 298

Housing Wire

MARCH 9, 2023

The title insurance industry is often bemoaned for being antiquated and making minimal changes, but that has not been the case for the past 12 months. The program would grant certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie Mae and will be rolled out this spring, according to Politico.

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Insurance Finance Real Estate Technology 393

Housing Wire

JUNE 21, 2022

billion in title insurance premium volume during the first quarter of 2022, compared to $5.68 billion a year prior, according to the trade group’s Market Share Analysis , published Friday. The title insurance industry had a record year in 2021 , generating $26.2 with 21.5%; Old Republic National Title Insurance Co.,

Insurance 280

Insurance Home Value Contracts Marketing 280

Housing Wire

MARCH 3, 2023

Title industry revenue dropped 19% year over year in 2022, according to data released Thursday by Fitch Ratings. According to the Fitch report, the decline in revenue was driven by economic headwinds in the latter half of the year, as mortgage rates doubled between early 2022 and fall of 2022.

Insurance 337

Insurance Mortgage Marketing Real Estate 337

Housing Wire

MARCH 8, 2024

The Consumer Financial Protection Bureau (CFPB) will be closely scrutinizing what it described as “junk fees” imposed on borrowers when closing a mortgage. Its new priority has provoked strong criticism from the mortgage industry. from 2021 to 2022, reaching nearly $6,000, per the CFPB post. These costs increased by 21.8%

Mortgage 427

Mortgage Legal Insurance Finance 427

Housing Wire

APRIL 19, 2022

Fannie Mae has wrapped up its fourth Credit Insurance Risk Transfer (CIRT) deal of the year, transferring nearly $845 million in mortgage credit risk to a group of private insurers and reinsurers. The transaction, CIRT 2022-4, involved a pool of 76,600 single-family mortgage loans with an outstanding principal balance of $23.1

Insurance 303

Insurance Mortgage Marketing 303

Housing Wire

NOVEMBER 15, 2023

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) managed another solid year of financial performance for the Mutual Mortgage Insurance (MMI) Fund, covering FHA’s Title II Single Family Mortgage Insurance programs. 30, a year-over-year drop of 0.6%

Mortgage 359

Mortgage Insurance Business Inventory 359

Housing Wire

JANUARY 27, 2023

The rapidly cooling housing market in 2022 was not kind to Big Four title insurer Old Republic. While the century-old firm, which is celebrating its 100 th anniversary in 2023, did generate net income for both the fourth quarter of 2022 as well as for the year as a whole, it was down substantially last year.

Insurance 328

Insurance Housing Market Tools Investors 328

Housing Wire

MARCH 1, 2022

The 2022 TECH100 Mortgage list of honorees spotlights the innovators that are making the housing sector better and more sustainable by increasing efficiency, improving borrower experience and bringing elasticity to mortgage origination and servicing processes. Markets Served. finicity.com/mortgage/. Mortgage Coach.

Mortgage 370

Mortgage Real Estate Technology Investing 370

Housing Wire

MAY 2, 2022

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. As a result, markets were quick to respond, driving mortgage spreads and rates much higher than most experts expected by this time of year. The impact on housing markets.

Housing Market 381

Housing Market Marketing Buyers Inventory 381

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020.

Mortgage 409

Mortgage Loan Officers Lending Human Resources 409

Housing Wire

FEBRUARY 22, 2023

The Federal Housing Administration (FHA) on Wednesday morning announced a 30 basis point reduction in the annual premium charged to mortgage borrowers. The cut, widely anticipated by the industry, will result in mortgage insurance premiums (MIP) of 55 bps for most borrowers, down from 85.

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Mortgage Insurance Finance Development 450

Housing Wire

MARCH 13, 2023

mortgage lender in 2022, said it enhanced its financial position by accessing additional borrowing capacity from the Federal Reserve Bank and JPMorgan Chase & Co. In the mortgage space, First Republic originated $31.8 billion in 2022, 8% higher than the previous year, according to Inside Mortgage Finance.

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Mortgage Marketing Insurance Real Estate 345