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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Insurance 506
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Regulators show united front on targeted lending programs

Housing Wire

Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing. The watchdog agency provided clarity for the kind of research and data that go into creating a targeted lending program.

Lending 381
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HUD to allow borrowers of FHA mortgages to obtain private flood insurance

Housing Wire

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 370
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Feds release list of poor rural areas that need affordable-housing lending

Housing Wire

The federal banking regulators responsible for overseeing the Community Reinvestment Act (CRA) obligations of lenders they regulate have released the 2022 list of distressed or underserved rural census tracts where community-development loans, investments and services are eligible for special CRA consideration.

Lending 382
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The “Big Four” take on the upstarts in title insurance

Housing Wire

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. ow and ease of the entire closing process.

Insurance 392
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‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

“The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector. FDIC), banks held $2.78 in Q2 2023.

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Candescent Capital Ventures Taps Adam Johnston as SVP, Chief Program Management and Valuation Officer

Appraisal Buzz

Over the past 20 years, he has served in key leadership roles in mortgage banking, private mortgage insurance, and appraisal management. In his new role, Johnston will drive the strategic execution and alignment of innovative products and services being developed in Candescent’s portfolio of companies.

Valuation 195