Housing Wire

JANUARY 25, 2021

“Big Four” title insurer First American Financial Corp. The sales – known as “book transfer agreements” in accounting parlance – were made with Safeco Insurance , a Liberty Mutual company, and Heritage Insurance Holdings. And its title insurance continues to grow.

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Business Insurance Agents Marketing 235

Housing Wire

JANUARY 11, 2024

CoreLogic is re-writing the MLS defense book for safeguarding MLS systems and data against threats like ransomware and cyber-attacks. In late 2023, title insurance companies First American and Fidelity National Financial suffered cyberattacks. Recent cybersecurity incidents in the industry underscore the vulnerability to cyber threats.

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Design Insurance Mortgage Finance 334

Housing Wire

JANUARY 23, 2023

As discussions of cybersecurity and wire and title fraud risks continue to increase, so does the cost of cyber insurance. Per Insurance Insider’s examination of Beazley’s Cyber book, “U.S. Insurers are raising rates to levels that make it hard for businesses to find affordable coverage.”

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Insurance Real Estate Clients Law 323

Housing Wire

FEBRUARY 29, 2024

Part of this idea was also explored recently by journalist and management consultant Mark Peabody, who authored a book on the topic of “unretirement.” We need to make it first-payer so that employers [who have] older worker[s can make] their health care insurance a lot cheaper. We need comprehensive retirement reform.”

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Insurance Finance Technology Development 319

Housing Wire

NOVEMBER 8, 2023

7 money moves for a prosperous New Year Use these seven tips to save money, get additional tax benefits and make the most of your insurance , credit cards, retirement accounts and more. Here are a few to consider: Education: Costs for continuing education , training, books and conferences.

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Advertising Insurance Real Estate Agent Business 412

Housing Wire

NOVEMBER 15, 2021

The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances and FHA’s Annual Report to Congress, both released Monday morning.

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Mortgage Insurance Finance Development 312

Housing Wire

OCTOBER 9, 2023

AI-generated image of two lawyers scrutinizing title insurance joint venture agreements. Regulators are bearing down The stakes are high for title insurance firms that have joint ventures operating in the gray areas of the law. There are companies that really do things by the book — they are uber compliant.

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Real Estate Insurance Brokerage Real Estate Agent 425

Housing Wire

MAY 3, 2021

Title giant Old Republic saw massive first quarter 2021 gains , reporting a 40% year-over-year growth in title insurance premiums and fees. Old Republic’s title insurance segment notched $978 million in operating revenue in the first quarter of 2021, a 40% increase over the $690.7 Total expenses for the first quarter were $1.7

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Insurance Real Estate Investing Marketing 368

Housing Wire

MARCH 13, 2023

Here’s how to show them you’re in the know: Be a title expert Homebuyers want information that can make their decisions more manageable, especially information on title insurance, which they may have never heard of before starting the home buying process. We all know nothing is based on an exact rule book.

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Insurance Clients Business Marketing 302

Housing Wire

MARCH 22, 2022

MIAC) is in the market with two whole-loan offerings of nonperforming Ginnie Mae-insured mortgages that combined are valued at more than $1.2 And given it’s Ginnie Mae, there’s a great deal of confidence that you will get paid [because the underlying loans are insured], so on a risk-weighted basis, it’s a great asset.”.

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Marketing Insurance Sellers Mortgage 280

Housing Wire

FEBRUARY 16, 2022

A private money lender who is excellent at his work can typically be found by asking fellow investors and others in a real estate investor’s network, such as: Brokers of insurance and appraisers of real estate Contractors, suppliers, and handymen are all available. Put together a deal pitch book. Escrow officers and title agents.

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Real Estate Investing Investors Renovations 382

Housing Wire

APRIL 22, 2024

Buddy up with a mortgage lender, insurance rep, or real estate attorney and work the room together. A handful of solid connections that could lead to impactful relationships over time is much more valuable than handing your card out to 100 people who will probably just throw it away. Use the buddy system.

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Real Estate Real Estate Agent Agents Training 331

Housing Wire

NOVEMBER 2, 2020

Keep in mind, over half of their guaranty book this quarter was rate and term refinances. Add in cash-out loans and the total refinance book is running approximately two thirds of total new production. . They have re-benchmarked their book, and continue to do so. The implications for the adverse market fee starting Dec.

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Mortgage Marketing Government Inspection 531

Housing Wire

OCTOBER 18, 2023

On July 27, the Federal Reserve , Federal Depository Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released the proposed changes for the Basel III rule (called the Basel endgame). Bank of America had $229 billion in outstanding residential mortgages on its books through Sept. 30, up from $228.7

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Mortgage Insurance Lending Business 314

Housing Wire

SEPTEMBER 15, 2023

which was only partially due to holding subprime mortgages on its books. But these deposits did not have insurance, access to the Federal Reserve ’s Fed-to-bank lending system, nor the safeguards that come with being a chartered bank,” Chopra said.

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Law Lending Investing Insurance 331

Housing Wire

MARCH 19, 2021

Those investments include the sale of SunStreet solar and stakes in insurtech firms Hippo Home Insurance and Doma (formerly known as States Title ). Apartment owners/developers trade at ~2x book value, while land developers trade at closer to 1x book. bln in owned land will be included in the new company.

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Development Investing Business Construction 521

Housing Wire

OCTOBER 14, 2020

BofA had $232 billion in outstanding residential mortgages on its books through Sept. billion to insure against any losses on its active loans. Mortgage originations from the bank totaled $13.4 billion in the third quarter, a drop from $23.1 30, down slightly from $239.5 All told, the Charlotte-based bank put aside an additional $1.4

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Business Mortgage Lending Valuation 446

Housing Wire

JANUARY 13, 2022

Ginnie serves as the government-backed securitization pipeline for loans insured by government agencies that provide loan-level mortgage-insurance coverage through their lending programs. of all outstanding loans on Ginnie’s books that were 30 days or more late as of early December 2021, the Recursion data shows.

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Mortgage Marketing Sellers Insurance 353

Housing Wire

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

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Insurance Investors Design Finance 276

Housing Wire

MAY 26, 2021

AmeriHome purchased approximately $65 billion in conventional conforming and government-insured originations in 2020. As part of its purchase of Texas Capital Bank’s servicing book, Ocwen also acquired the lender’s correspondent business.

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Lending Mortgage Insurance Government 386

Housing Wire

FEBRUARY 22, 2024

Cyberattacks are what keeps me up at night,” an executive responsible for the servicing book at a top lender told HousingWire under the condition of anonymity for fear of his company becoming a target. Valverde said the problem affects homeowners, investors and insurance companies, and Ginnie Mae is “a bridge for all those counterparties.”

Mortgage 372

Mortgage Supply Chain Investors Technology 372

Housing Wire

FEBRUARY 16, 2021

AmeriHome purchased approximately $65 billion in conventional conforming and government-insured originations in 2020. adjusted tangible book value of AmeriHome. With the acquisition, Western Alliance will grab full control of America’s third-largest correspondent lender from an affiliate of financial giant Apollo Global.

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Retail Insurance Government Business 466

Housing Wire

NOVEMBER 13, 2020

The Federal Housing Administration ’s flagship Mutual Mortgage Insurance (MMI) Fund is in the best condition since before the financial crisis with a combined capital ratio for FY 2020 at 6.1% – only.3% At the time, there was speculation of HUD announcing a cut to FHA mortgage insurance premiums. 3% away from levels seen in 2007.

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Insurance Mortgage Development Marketing 310

Housing Wire

JUNE 3, 2022

The delinquent FHA-insured mortgages backing Lakeview’s initial private-label securities (PLS) offering earlier this year, L akeview Trust 2022-EBO1 , all were purchased out of Ginnie Mae loan pools via the agency’s so-called early buy-out, or EBO, program. . of the agency’s servicing book of business — with a $211.2

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Marketing Mortgage Insurance Business 349

Housing Wire

AUGUST 3, 2021

In March 2020, both Fannie Mae and Freddie Mac hit pause on credit risk transfers, which shift a portion of the risk of credit losses on the mortgages they insure onto investors. As a result, the portion of its guaranty book covered by CRT has plummeted to 21% in the second quarter of 2021.

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Mortgage Insurance Government Investors 404

Housing Wire

JULY 30, 2021

Most of the nation’s 44 million rental households are owned by private companies with sometimes complex financing from commercial banks and insurance companies. Nearly 60% of those properties on Fannie Mae’s books were categorized as “unable to market” at the end of December, 2020, compared to 45% at the end of 2019.

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Real Estate Finance Legal Insurance 457

Housing Wire

FEBRUARY 17, 2023

“Test those high-risk processes, those things that are of interest to the CFPB, the state regulators, federal regulators, asset owners, investors and insurers,” she said. Having that proactive, preventative program gives you a clear line of sight into the risk of your servicing book so that you can make changes as needed.”

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Government Clients Training Insurance 280

Housing Wire

APRIL 26, 2021

Other risk factors included problems such as invalid representations by closing agents, invalid/expired licensing, invalid/unregistered title documents, transactions not booked in title insurers’ systems and unauthorized practice of law (UPL violation risk). Conclusion.

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Insurance Real Estate Technology Agents 433

Housing Wire

MARCH 22, 2024

Looking at the current book of business with Five Brothers, and doing some math, we think there’s probably more upside risk than downside in the reverse space over the next three years. We observed that there’s an upside across reverse mortgages, which makes us feel bullish about the reverse space.

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Business Mortgage Property Management Insurance 357

Housing Wire

MARCH 10, 2022

The bulk of the mortgages (97%) in Lakeview’s current private-label securities (PLS) offering involve FHA-insured mortgages 90 days or more past due that have been purchased out of Ginnie Mae (GNMA) loan pools via the agency’s early buy-out, or EBO, program. of the agency’s servicing book of business — with a $210.6

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Mortgage Insurance Government Investors 284

Housing Wire

MARCH 15, 2023

Client funds are held in insured deposit accounts at a mix of money centers and regional banks, the company said. UWM added that 90% of the “company’s $9.3 billion warehouse line capacity is with large global money center banks or their affiliates.”

Mortgage 351

Mortgage Clients Retail Marketing 351

Housing Wire

AUGUST 9, 2022

BH: Your fabulous side is definitely showcased on your social media platforms – you do a great job of highlighting your personality, while educating people about title insurance. Once they become closers, they can build their book of business and then they can grow their business as large as they want.

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Real Estate Agent Real Estate Insurance Business 360

Housing Wire

NOVEMBER 10, 2021

Opendoor now has 17,164 homes on its books. Analysts have cited in-house mortgage lending and title insurance as a possible iBuyer move toward making money. The earning’s report, meanwhile, revealed that Opendoor ramped up its purchases almost as quickly as Zillow. The company bought 15,181 homes in quarter three. billion asset.

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Housing Market Market Value Insurance Lending 285

Housing Wire

SEPTEMBER 14, 2023

It’s time that tech providers took a page from the book of the people they serve. It started with Lone Wolf Marketplace, which brought essential connections into Lone Wolf Transactions — rental screenings, disclosures, home warranty, title insurance, digital earnest deposits and more. We’re taking that page.

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Marketing Advertising Real Estate Agents 369

Housing Wire

APRIL 5, 2021

In its most recent annual report to Congress, November 2020, the Federal Housing Administration ( FHA ) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). The same report revealed FHA had amassed capital reserves in the amount of $78.9

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Insurance Mortgage Housing Market Government 227

Housing Wire

JANUARY 25, 2023

Fueling the rumor in this case is Wells Fargo’s recently announced plans to reduce its MSR portfolio, valued on its books at $9.3 But we’ll also look for intelligent and economic ways to reduce the complexity and the size of our servicing book between now and then. billion as of the end of 2022, U.S.

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Buyers Investing Mortgage Marketing 317

Housing Wire

APRIL 5, 2021

Helena [California] whose home burned down in the last fire and only half of it was covered by the insurance company. . “After wildfires destroyed much of Napa in 2017, the community rallied together and rebuilt, but when fires ravaged the area again in 2020, some folks just decided they were done,” Anderson said.

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