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

NOVEMBER 12, 2021

Shannon Foglia Brandy was pretty certain she wanted a career in public relations, but after a summer internship before her senior year at Bryant University, she began considering a career in the field of title insurance. “I But as a woman in her mid-20s, Foglia Brandy is something of an anomaly in the title insurance industry.

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Housing Wire

MAY 20, 2024

The changes also include the addition of accessory dwelling units (ADUs) to the definitions of eligible properties. “A In a section governing the processes of a financial assessment, certain definitions have been updated, including those for “effective income” (i.e.,

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Reconsideration of Value Mortgage Inspection Insurance 356

Housing Wire

AUGUST 16, 2022

A total of nine title insurance and settlement services providers were named to the Inc. 3093), First National Title Insurance Company (No. It is definitely slowing down,” Bartzak said. The complete list of title insurance companies on the Inc. The post Nine title insurance companies named to Inc.

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Insurance Technology Agents Business 275

Housing Wire

FEBRUARY 7, 2024

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

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Retail Project Management Insurance Landlords 373

Housing Wire

MAY 13, 2024

Notably, it is expanding the definition of a “public assistance household” to those receiving Supplemental Nutrition Assistance Program (SNAP) payments and to households “where not all members receive public assistance,” according to the SSA. The final rule implementing these changes is scheduled to go into effect Sept.

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Housing Wire

MARCH 29, 2024

Publicly traded real estate technology company Doma Holdings has entered into a definitive agreement to sell to title insurance underwriter Title Resources Group (TRG) and become a private company. ” the companies added. Asset management firm Hudson Structured Capital Management Ltd.,

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Insurance Technology Real Estate Investing 341

Housing Wire

MARCH 8, 2024

Biden’s plan also included a $10,000 tax credit for first-time homebuyers and people who sell their “starter home,” and a pilot program that waives the requirement for lender’s title insurance on certain refinance transactions. These costs increased by 21.8% from 2021 to 2022, reaching nearly $6,000, per the CFPB post.

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Mortgage Legal Insurance Finance 427

Housing Wire

NOVEMBER 29, 2023

Nashville has relatively low property taxes, insurance costs and utility prices, along with no state income tax, all of which definitely help if you’re looking for a lower cost of living.” While a lot of Sanchez’s clients were from California , she also reported working with people from Chicago, New York and Florida.

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Housing Wire

MAY 14, 2024

The clients are very hesitant to pay for an insurance solution, which can be very expensive — we could be talking $10,000 to $15,000 per year for an insurance solution. We’ve got cash-flow savings for the next 20 years that we would have been spending on an insurance solution.

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Finance Insurance Business Investing 355

Housing Wire

MAY 16, 2024

By the White House’s own definition, none of them are junk fees. ” Another Broeksmit target was President Joe Biden’s proposal to “scrap” lender title insurance , which Fannie Mae and Freddie Mac require before they purchase a loan, he said.

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Housing Wire

JANUARY 18, 2023

So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise). mortgage insurance market in 2023 to deteriorate. mortgage insurance sector,” Christopher Grimes, director of Fitch Ratings, said. mortgage insurance sector, according to the report.

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Housing Wire

JULY 18, 2023

The Federal Reserve , Federal Depository Insurance Corporation and the Office of the Comptroller of the Currency , which together regulate large depository banks, are expected to unveil the proposed changes on July 27. ” Regarding mortgage lending, Barnum said it’s a cyclical business and they might pull back even further.

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Lending Mortgage Insurance Government 342

Housing Wire

FEBRUARY 10, 2023

Nonbank mortgage lender and servicer Mr. Cooper has signed a definitive agreement to acquire the investment management firm Roosevelt Management Company, LLC., The private New York-based company, founded in 2008, manages third-party capital on behalf of insurance companies, pension funds, hedge funds and other investors.

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Housing Wire

APRIL 21, 2023

“There is a reason the revised general Qualified Mortgage (QM) definition excludes the DTI ratio: Studies demonstrate that as a stand-alone measure, DTI is not a strong indicator of a borrower’s ability to repay.”

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Logistics Mortgage HOA Property Taxes 410

Housing Wire

NOVEMBER 18, 2022

and is used by title insurance underwriters, title agents and closing attorneys. . In May, ICE announced that it entered into a definitive agreement to acquire Black Knight for $13.1 The ‘Big Four’ insurer’s title segment recorded revenue of $2.3 billion, which valued the company at $85 per share.

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Insurance Investors Mortgage Technology 373

Housing Wire

OCTOBER 11, 2023

In its 9th year, the HousingWire Vanguards award offers a definitive list of the top leaders in housing who are shaping the housing economy for the better. The forward-thinkers and trailblazers who are shaping the industry through their unwavering commitment, transformative ideas and steadfast dedication to driving growth and positive change.

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Realty Real Estate Technology Lending 452

Housing Wire

MARCH 12, 2021

“But a policy of declining to enforce the full scope of Congress’s definition of an abusive practice harms both the consumers who were taken advantage of and the honest companies that have to compete against those that violate the law,” the CFPB said. .”

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Housing Wire

DECEMBER 27, 2022

Over the past 14 years, FHA has insured 9.1 trillion to first-time homebuyers, according to the agency’s most fiscal 2022 annual report to Congress on the state of its mutual mortgage insurance fund (or MMI Fund). First-time homebuyers represent more than 80% of FHA’s purchase volume, FHA data show. million in mortgages valued at $1.7

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Insurance Home Value Mortgage Marketing 467

Housing Wire

JANUARY 31, 2024

In addition to backups, cybersecurity experts also stressed the importance of having a cyber insurance policy. “A A good cyber insurance policy can really help for some of these types of attacks that we are seeing,” Adams said. “It The industry has also struggled in recent years as some carriers have left the cyber insurance arena.

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Mortgage Insurance Tools Business 382

Housing Wire

APRIL 5, 2022

Virtual” real estate shares much of the same general definitions of actual real estate. Section F: While there is no need for homeowners insurance, “mortgage” insurance and prepaid interest may still make sense in this scenario. Section G: We already ruled out homeowners insurance and included mortgage insurance.

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Real Estate Mortgage Property Taxes Law 527

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. Think in terms of insurance. The insurance premium is the present value of the level of risk and uncertainty. Herein lies the appraisal gap.

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Housing Wire

JULY 6, 2022

The federal banking regulators responsible for enforcing CRA are the Federal Deposit Insurance Corp., or FDIC; the Federal Reserve Board ; and the Office of the Comptroller of the Currency.

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Lending Development Insurance Investing 339

Housing Wire

AUGUST 9, 2022

Luna: I definitely stumbled into it. 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. It sounds like you stumbled into title! I was originally interested in doing journalism or law.

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Real Estate Agent Real Estate Insurance Business 360

Housing Wire

MAY 10, 2023

Indexes that contributed to the annual increase were food (+7.7%), motor vehicle insurance (+15.5%), household furnishings and operations (+5.3%), recreation (+5.0%), and new vehicles (+5.4%). Major contributors to this increase included used cards and trucks (4.4%), motor vehicle insurance (1.4%), and energy (+0.6%, thanks to a +3.0%

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Housing Market Insurance Realtors Buyers 341

Housing Wire

NOVEMBER 2, 2021

According to the transaction terms, American Equity Investment Life Insurance Company provided financing for the deal and acquired $1 billion of loans originated by Anchor. a publicly-traded mortgage REIT, entered into a definitive agreement to acquire Genesis Capital LLC from Goldman Sachs.

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Investing Finance Modernization Investors 255

Housing Wire

OCTOBER 27, 2020

Though it can definitely help further your home-buying goals, there are some serious drawbacks to consider, especially with the economy as it currently stands. It could help you avoid mortgage insurance. And of those who have already bought a house? About half said it wouldn’t have been possible without a financial leg-up.

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Insurance Mortgage Real Estate 368

Housing Wire

FEBRUARY 23, 2023

When they are moving that rapidly, it definitely impacts purchase orders very quickly,” Nolan said. “In Unlike other Big Four title firms, Fidelity executives fielded questions on attorney opinion letters, which were approved for use in lieu of title insurance by Fannie Mae in April 2022.

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Housing Wire

AUGUST 15, 2023

Our pipeline is a lot bigger than it was at this time last year, and rates have doubled, so we’re definitely getting market share.” There’s more [rental-property] investors definitely taking out non-QM loans.” “So, the number of non-QM originators that are exiting the space has been pretty significant,” Lind said.

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Housing Wire

MAY 22, 2024

H4P endorsements accounted for roughly 6% of the 32,963 HECMs endorsed for Federal Housing Administration (FHA) insurance that fiscal year. I think we’ve already done more purchases this year than we did last year, so it’s definitely becoming a big part of the business,” she said. That’s not saying all that much.

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Mortgage Loan Officers Lending Business 332

Housing Wire

MAY 6, 2024

In each of these states, housing costs (including insurance and taxes) are expensive and have climbed rapidly, so homeowners in these more expensive states are more likely to sell. Price cuts are definitely on the rise. Price cuts for the rest of the year will definitely be correlated with moves in the mortgage rates.

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Inventory Contracts Sellers New Listings 392

Housing Wire

FEBRUARY 22, 2024

You think you’re overcomplicating the process, but you’re adding in more verification steps that you definitely need to combat the threat that is taking advantage of our willingness and our one desire to help people,” Kokolis said. These players need to “work well together” and that has been “a new priority” for Ginnie Mae, he said.

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Mortgage Supply Chain Investors Technology 372

Housing Wire

OCTOBER 25, 2021

The main criticism is that, as non-depository lenders cannot accept deposits, by definition they do not fail to “reinvest” in communities. The bill has received strong opposition from much of the mortgage industry, which these days is dominated by nonbanks.

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Housing Wire

APRIL 5, 2022

The Federal Housing Administration (FHA) took a definitive, if procedural, step toward a Senate-confirmed commissioner this morning. The FHA, which insures single-family mortgages that disproportionately serve borrowers of color and first-time homebuyers, has been operating without a commissioner since early 2021.

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Housing Wire

MARCH 30, 2021

Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI). In proposing to extend the date by which lenders must comply with the CFPB’s new General QM definition, we are working to provide needed options for both homeowners and lenders during a time of uncertainty and hardship.”.

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Mortgage Insurance Lending Marketing 379

Housing Wire

MARCH 1, 2021

If you can find a home in a USDA-eligible area, you’ll definitely want to give these loans a look. USDA loans also come with low interest rates, and their mortgage insurance costs — called guarantee fees in this case — are lower than other options as well. For one, there’s no down payment required.

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Mortgage Loan Officers Real Estate Insurance 424

Padove Appraisal Service

DECEMBER 2, 2022

When the appraisal is being used for estate tax calculations, use of the Internal Revenue Service’s definition of value is needed. This definition requires specific statements and certifications. Appraisals can be used to eliminate your lender’s requirement for Private Mortgage Insurance (PMI).

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