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Supreme Court orders review of recession-era class action against Rocket

Housing Wire

million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009. The lawsuit, filed in 2011 in the Circuit Court of Ohio County, West Virginia, claimed that the nonbank lender wrongly influenced home appraisal values during the financial crisis.

Appraisal 421
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Title insurance industry volume rises 3.6% in Q1

Housing Wire

billion in premiums, which ALTA attributed to historic mortgage origination activity and the substantial increase in home values. “A A strong purchase market and continued home appreciation helped offset ongoing contraction in refinance volume to help drive the 3.6% The post Title insurance industry volume rises 3.6%

Insurance 306
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ALTA: Protecting property rights with title insurance

Housing Wire

For a home valued at $250,000, the cost of an owner’s title insurance policy would be just 11 cents a day on a 30-year mortgage. nationally since 2004 and roughly 5% the past two years, based on the most recent industry data from 2021.

Insurance 473
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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

This follows a decade of producing rentals over traditional for-sale homes in the city by a 3:1 ratio. Some developers are delivering smaller homes in the form of four- and six-plex townhomes on a parcel of land that once featured a single-family house. Bellevue has an average hourly wage for developers of $74.85.

Buyers 36