Housing Wire

OCTOBER 4, 2023

Senate and the House of Representatives introduced new bills requiring title insurance on mortgages purchased by government-sponsored enterprises (GSEs). The new language prohibits GSEs from purchasing conventional mortgages for one- to four-unit properties unless the loans have primary-lien title insurance.

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Housing Wire

OCTOBER 6, 2023

New American Funding ’s partnership with Matic Insurance and OneSource Solution will provide insurance and home setup services for existing and new customers while NAF is processing the loan. Mortgage customers can bundle food, wind, auto, pet, life and other personal lines of insurance through NAF Insurance, which is powered by Matic.

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Insurance Brokerage Government Real Estate 386

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. 1115 in 2022. The title insurance firm ranked No. 984 in 2022 to 4,206 in 2023.

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Insurance Brokerage Real Estate Business 362

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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Insurance Mortgage Finance Investing 379

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.

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Insurance Mortgage Realtors Design 363

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.

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Insurance Mortgage Investors Tools 347

Housing Wire

OCTOBER 11, 2023

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. In the end no one wanted the title insurance waiver program, but it allowed us a chance to really articulate our value in the real estate transaction to several regulators.”

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Insurance Government Real Estate Finance 394

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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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.

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Insurance Mortgage Housing Market Buyers 380

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 billion in title insurance premiums, down from $6.21 Commonwealth Land Title Insurance Co.

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Insurance Real Estate Marketing Inventory 354

Housing Wire

SEPTEMBER 20, 2023

The same home insurance scenario being played out in states like Florida and California due to elevated risk of natural disasters is becoming more pronounced in the Pacific Northwest according to a new report from the Seattle Times. No violation found.”

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Insurance Law Construction Government 383

Housing Wire

AUGUST 9, 2023

Homeowners in the United States have experienced a precipitous drop-off in the availability of home insurance policies this year, with the availability of certain policies having dropped by more than half, according to a report commissioned by insurance agency Matic Insurance.

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Insurance Mortgage Finance Real Estate 364

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 356

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

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

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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 323

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 billion in premiums, which ALTA attributed to historic mortgage origination activity and the substantial increase in home values. Doma Title Insurance Co.

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Insurance Home Value Contracts Marketing 293

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 337

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. finicity.com/mortgage/. Mortgage Cadence. Company Name.

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Mortgage Real Estate Technology Investing 370

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. million in Q2 2021.

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Insurance Housing Market Tools Investors 353

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.

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Mortgage Loan Officers Lending Human Resources 413

Housing Wire

DECEMBER 6, 2023

In September 2022, the 30-year fixed mortgage rate averaged 6.1%, according to Freddie Mac data. But compare mortgage delinquencies over the same period: 2.8% in September 2022, 2.8% If the labor market weakens in the coming months, expect further increases in mortgage delinquencies.” The overall U.S.

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Mortgage Insurance Marketing Finance 431

Housing Wire

JUNE 1, 2022

Despite that, the 2022 RealTrends top real estate brokerage firms did a record number of transaction sides in 2021 (our 2022 rankings are based on 2021 data). In this special supplement to HousingWire magazine , separate from the rankings, are the 2022 RealTrends GameChangers. Enjoy this special section of HousingWire magazine!

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Brokerage Real Estate Realty Insurance 368

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 326

Housing Wire

NOVEMBER 15, 2022

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) noted in a briefing on Tuesday that it managed to record another banner year for the Mutual Mortgage Insurance (MMI) Fund. We are not announcing a mortgage insurance premium change today,” Gordon said. “I

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Insurance Mortgage Development Housing Market 383

Housing Wire

OCTOBER 4, 2022

The following profiles for our 2022 honorees include the origin stories of 100 industry elites who continue to have a major impact on the housing landscape. Congratulations to the 2022 HousingWire Vanguards who continue to improve and shape the housing landscape. Gold Star Mortgage Financial Group. Matic Insurance.

Human Resources 397

Human Resources Lending Real Estate Technology 397

Housing Wire

APRIL 25, 2024

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) counseling program was cited as an example. This program provides counseling to all applicants of the federally insured reverse mortgage program, the Home Equity Conversion Mortgage program,” the report stated.

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Mortgage Government Law Design 318

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 325

Housing Wire

DECEMBER 6, 2023

In the letter addressed to FHFA Director Sandra Thompson , the CHLA says that it supports the use of AOLs in lieu of title insurance , “in conjunction with Enterprise mortgage loans, subject to reasonable standards.” We are not asking [to] supplant title insurance, we are asking to try to create this as an option.”

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Insurance Finance Government Mortgage 400

Housing Wire

JULY 1, 2022

Tasked with an endless list of functions, this year’s 2022 Marketing Leaders did it all despite market turmoil. Sprout Mortgage. Cherry Creek Mortgage. First Guaranty Mortgage Corporation. Enact Mortgage Insurance. Fairway Independent Mortgage Corporation. Thrive Mortgage. Mortgage Cadence.

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Marketing Realty Real Estate Lending 382

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. year over year in March, although growth in listings is expected to subside due to the lock-in effect of higher mortgage rates. Rising costs for homeowners insurance are also playing a part in sagging affordability.

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Housing Market Marketing Insurance Sellers 367

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. 2022 Forecast series.

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Housing Market Marketing Supply Chain Mortgage 404

Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. The firm generated $2 billion in total revenue during the first quarter of 2022, unchanged from a year ago. The Guide to Accelerating Closings in 2022. Net income, however, was a different story.

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Insurance Investing Marketing Business 361

Housing Wire

SEPTEMBER 6, 2023

In the face of spiking interest rates and historically high home prices , $3,000 monthly mortgage payments are common in today’s housing market. That’s before taxes and insurance are factored in (an average of $550 a month). Between 2010 and 2021, mortgage holders withdrew an average 0.92% of available tappable equity each quarter.

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Mortgage Insurance Housing Market Marketing 403

Housing Wire

OCTOBER 28, 2022

Speakers: Haley Parker, Area Business Development Manager, Fairway Independent Mortgage Corporation Arjun Dhingra, Sales and Business Development, All Western Mortgage Doug Wilber, CEO, Denim Social Chelsea Peitz, Founder, Chelsea Peitz Consulting. Speakers: Dave Savage, Chief Innovation Officer, Mortgage Coach and Sales Boomerang.

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Lending Development Finance Technology 380

Housing Wire

APRIL 18, 2024

Wire fraud prevention firm CertifID and big four title firm Old Republic have entered into a strategic agreement to prevent mortgage payoff fraud , according to an announcement on Thursday. In a statement, CertifID CEO Tyler Adams said that he applauds Old Republic for taking the initiative to help reduce the risk of mortgage payoff fraud. “We

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Insurance Real Estate Mortgage Agents 459

Housing Wire

JANUARY 31, 2023

First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. The residential mortgage loan balance for First Internet was $383.9 million as of December 31, 2022, a 13.7%

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