Housing Wire

NOVEMBER 11, 2022

Even though revenue is down and open title orders are down from last year, there’s a silver lining for Big Four title insurance firm Fidelity National Financial : it’s still in line with business in 2019, one of the best years on record. Fidelity generated $3.2 billion in total revenue, down from $3.8 billion a year ago.

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Appraisal Buzz

JUNE 11, 2024

In addition, insuring a home is becoming a harder chore than before as more-and-more insurance companies pull out of the state due to the cost of doing business from the repeated natural disasters that occur in the state. North Port, Florida’s housing market is cooling fastest, followed by Tampa and Cape Coral.

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Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? Stick around and see if mortgage rates climb into the 7% range. Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Blake Bianchi, CEO of Future Mortgage.

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Housing Market Marketing Mortgage Buyers 369

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to offering documents. billion. “So

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Housing Market Marketing Contracts Finance 384

Housing Wire

APRIL 14, 2023

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership.

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Finance Buyers Insurance Housing Market 336

Housing Wire

MARCH 19, 2024

Mortgage capital markets tech firm Polly announced its application programming interface (API) integration with CoreLogic , which will enable lenders to streamline the digital mortgage process. Lenders can also license Polly’s raw data for use in tandem with existing in-house tools.

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Housing Wire

DECEMBER 5, 2022

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. That’s according to PropLogix ’s fifth annual “State of the Title Industry” report.

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Housing Wire

MAY 31, 2023

With mortgage rates currently at 7.04%, many first-time homebuyers – typically millennials – will be forced to continue to rent. housing market is not a monolith, so today we’re going to look at some markets where affordability is within the normal renter’s reach. But the U.S.

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Housing Wire

JUNE 23, 2023

High mortgage rates , economic uncertainty and low housing inventory did very little to help title premium volume during the first quarter of 2023. billion in title insurance premiums, down 43% year over year, according to the American Land Title Association ’s Market Share Analysis , released Thursday. in Q1 2023.

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Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. SVB’s mortgage origination volume reached $2.4

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Housing Wire

SEPTEMBER 25, 2023

Data provider Curinos partnered with Polly , a software-as-service mortgage technology firm, aimed to support lenders’ effective margin decisions. “Our partnership will enable clients to seamlessly analyze their market position and support effective margin decisions without leaving their pricing engine. .

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Appraisal Buzz

JUNE 14, 2024

There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low. The average 30-year fixed mortgage rate reached 7.06%. Home sales dipped 1.7%

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Housing Wire

OCTOBER 4, 2022

Even with a sharp rise in interest rates toward the end of the second quarter, the title insurance industry still recorded a relatively strong fiscal quarter, according to the American Land Title Association’s Market Share Analysis. billion in title insurance premium volume, only slightly down from the $6.54 billion in 2022.

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Marketing Insurance Real Estate Housing Market 383

Housing Wire

AUGUST 9, 2023

“We feel the resiliency of residential purchase volumes, which have held up in a weak market despite mortgage rates spiking to 7%, is a testament to the underlying demand for housing the exists in this country.” While the title segment’s revenue dropped 27% year over year to $1.9

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Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Unlike site-built homes, which are always titled as real estate, over 40% of manufactured housing is titled as personal property (the same way a car is titled).

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Business Finance Buyers Lending 406

Housing Wire

APRIL 29, 2022

While other “big four” title insurers discussed the “transitional period” in the housing market during their first quarter 2022 earnings calls with investors, Old Republic International Corp. ’s As expected, the firm’s title insurance segment did not have the greatest quarter. million down from the $630.6

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Housing Wire

AUGUST 16, 2022

s mortgage business has been the subject of industry speculation in the wake of a Bloomberg report indicating that the lending giant plans to shrink its enormous mortgage footprint , including a likely pull-back from the correspondent lending business. The lender’s correspondent clients include other banks and mortgage companies.

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Mortgage Lending Business Insurance 366

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As

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Mortgage Loan Officers Lending Business 363

Housing Wire

DECEMBER 17, 2021

The smallest of the “Big Four” title insurers announced Thursday that it had acquired Michigan-based Devon Title Agency , gaining scale in a hot housing market. By investing in key markets across the country, Stewart will look to regain some of its market share. There is no slowing down Stewart Title.

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Insurance Real Estate Housing Market Investing 356

Housing Wire

NOVEMBER 10, 2023

billion, firm executives noted that it was in line with historical levels reported in 2018 and 2019. mortgage rates have advanced to multi-decade highs recently peaking at over 8% in October, which is the highest level since November of 2000,” Mike Nolan, Fidelity’s CEO, said on the Wednesday morning call.

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Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. In addition, mortgage rates are at an all-time low. Worried about missing out on a boom?

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Housing Market Marketing Real Estate Realtors 68

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time. Other indices showed even higher mortgage rates.

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Mortgage Property Taxes Investors Buyers 367

Housing Wire

JANUARY 10, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. In addition, more for-sale inventory will likely be available on the market.

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Housing Market Marketing Construction Inventory 545

Appraisal Buzz

JUNE 14, 2024

Department of Labor’s Unemployment Insurance Weekly Claims Report (Thursday) Brookings Institution’s Global Economy and Development “State of the Global Economy: Are the Clouds Clearing at Last?” Palmer herself was also named a Top CEO in 2018 in the Glassdoor Employees’ Choice Awards.

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Housing Wire

DECEMBER 2, 2020

FHA’s mission is to support low-to-moderate income borrowers, so why does the law permit FHA to insure mortgages up to $822,375? This is a question for Congress and the taxpayers who stand behind FHA to answer,” said assistant secretary for housing and federal housing commissioner Dana Wade.

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Law Housing Market Insurance Construction 531

Housing Wire

AUGUST 3, 2021

Fannie Mae continues to reap the rewards of low mortgage rates as it posted a net income of $7.2 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. billion, of Fannie Mae’s $373.3

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Mortgage Insurance Government Investors 413

Housing Wire

JANUARY 20, 2021

Fannie Mae’s 2019 Annual Report of Form 10-K notes the occurrence of a major natural or environmental disaster, terrorist attack, cyber-attack, pandemic or similar event could have a negative impact on its credit losses and credit-related expenses. The NFIP provides stability for the housing market. mortgage market.

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Housing Market Finance Government Insurance 353

Housing Wire

MAY 8, 2023

In the three years prior to the pandemic, completed foreclosure auctions represented a potential affordable housing supply of 250,000 homes a year on average, according to public record data from ATTOM. In 2019 the number was 200,000. New single-family homes sold for an average price of more than $377,000 in 2019. in April.

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Inventory Renovations Supply Chain Buyers 380

Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 billion volume of the previous year, per the mortgage data platform Modex. And he hasn’t done so voluntarily. billion in 2022, down 41.3%

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Appraisal Today

AUGUST 18, 2023

You are unlikely to see an immediate surge in desktop and hybrid appraisal assignments in the current volatile real estate market, but once normalcy returns to the mortgage rates and the housing market (as it always does), you can expect them to increase. August 16, 2023) — Mortgage applications decreased 0.8

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Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. That can change if mortgage rates fall dramatically, but the current trends show weakening home prices, not strengthening. housing market as we roll into May 2024.

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Movoto

APRIL 24, 2024

It’s a place that has seen large influxes of new residents over the last several years – it was the #1 most moved-to state in 2019 and took second place in 2023. People moving to Florida can enjoy low mortgage rates when buying a home. So, why is everyone moving to Florida, and what keeps them there after relocating??

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Architecture Retail Business Insurance 36

Appraisal Today

SEPTEMBER 23, 2022

Using recent September data, loan applications are below the levels in 2019 and still dropping. Loan applications went up this week but are still below 2019 levels. NOTE: Please scroll down to read the other topics in this long blog post on VA changes, Driving vs. office time, unusual homes, mortgage origination stats, etc.

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Appraisal Marketing Business Contracts 52

Housing Wire

MAY 3, 2023

Year-over-year growth is now below the average rate from 2018 to 2019 (2.8%), and it is likely to decline even further in the months ahead,” the Apartment List report states. If you got your mortgage between 2% to 4%, you’re not selling, and that’s been the biggest cooling effect.

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Marketing Real Estate Housing Market Landlords 386

Appraisal Today

JUNE 14, 2024

Factory-Built Houses: Types, Benefits, and Tips for Appraisers By Dan Bradley Excerpts: Factory-built houses are an important, yet often overlooked, part of the American housing market. Approximately 10% to 12% of new housing starts in the United States are factory-built. home purchases over 1980-2017.

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Assurance Financial

SEPTEMBER 28, 2021

Even so, millennials account for more than half of all new mortgages. Then in 2019, the number rose to 12.3%. While some argue that millennials are killing the housing market, studies show that millennials do want to buy homes. Stability in Housing Costs. Paying your mortgage is like being forced to save money.

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Property Taxes Mortgage Design Insurance 36

Will Springer Realtor

APRIL 10, 2024

INSURANCE FOLLOW-UP The top item in last month’s newsletter struck a chord with readers. Insurance companies may argue, however, that the costs are simply increasing along with home values. The average mortgage holder paid $4.90 in homeowners insurance premiums for every $1000 of their home’s value in 2022.

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