Housing Wire

JULY 25, 2023

HousingWire recently spoke with Matic CEO and co-founder Ben Madick about the changing home insurance market, how it impacts mortgage lenders and homeowners, and why lenders should pay attention. HousingWire: What is the current home insurance market like? Back in 2020, insurance premiums averaged $1,637 in Texas.

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Insurance Marketing Business Mortgage 370

Housing Wire

MAY 13, 2021

Genworth Financial said it will delay the initial public offering of its recently rebranded mortgage insurance arm, Enact Holdings. ” The Richmond, Virginia-based company initially considered taking its mortgage insurance arm public to pay down $1 billion in debt coming due this year. .

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Insurance Mortgage Finance Housing Market 316

Housing Wire

DECEMBER 14, 2022

Slower housing market conditions , mortgage rate volatility and rising affordability challenges took their toll on the title insurance industry during the third quarter of 2022. During the quarter, the title insurance industry generated $5.4 billion in title insurance premiums, down 20.6% The industry paid $438.7

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Insurance Housing Market Marketing Mortgage 397

Housing Wire

MAY 1, 2024

As existing home sales dropped to the lowest level it has seen in nearly three decades in 2023 , title insurance premium volume also took a hit. In 2023, the title insurance industry generated $15.1 ALTA attributed the drop in premium volume to a decrease in mortgage originations. Commonwealth Land Title Insurance Co.

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Insurance Marketing Mortgage Finance 423

Housing Wire

MAY 9, 2022

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. The title insurance industry generated $26.2 with 20.5%; Old Republic National Title Insurance Co.,

Insurance 368

Insurance Home Value Inventory Real Estate 368

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. So I feel like there’s good activity.”.

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Insurance Business Investors Housing Market 370

Housing Wire

SEPTEMBER 16, 2020

The title insurance industry saw a surge in premium volume in the second quarter of 2020, according to the American Land Title Association’s latest Market Share Analysis. In fact, the latest Fannie Mae forecast says mortgage lending will hit an all-time high of $3.9 But title insurance premiums are also surging as a result.

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Insurance Lending Housing Market Mortgage 458

Housing Wire

DECEMBER 22, 2020

Mortgage title insurance premiums surged by 17.6% billion in title insurance premiums seen in the second quarter this year. But with home sales and mortgage origination volumes rising, it comes as no surprise that mortgage title insurance is also seeing an uptick. North American Title Insurance : 1.8%

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Insurance Marketing Mortgage 441

Housing Wire

APRIL 13, 2021

Title insurers wrote $19.2 Just how fruitful was 2020 for title insurers? billion in 2019. Old Republic and Stewart also saw drops from 2019 to 2020 – from 15.4% Old Republic reported a 20% increase in title insurance income for the full year in 2020, rounding out at $3.29 billion in 2019.

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Insurance Inventory Marketing Mortgage 370

Housing Wire

JUNE 21, 2022

billion in title insurance premium volume during the first quarter of 2022, compared to $5.68 The title insurance industry had a record year in 2021 , generating $26.2 billion in premiums, which ALTA attributed to historic mortgage origination activity and the substantial increase in home values. WFG National Title Insurance Co.

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Insurance Home Value Contracts Marketing 306

Housing Wire

MARCH 12, 2024

Mortgage capital markets tech firm Polly rolled out its Lender Intelligence platform, which leverages data and analytics to drive margin expansion and cost reduction. Since its launch in 2019, the California fintech company has raised about $57 million in three rounds of funding.

Insurance 420

Insurance Technology Tools Mortgage 420

Housing Wire

APRIL 26, 2024

year over year in March, although growth in listings is expected to subside due to the lock-in effect of higher mortgage rates. HousingWire’s Mortgage Rates Center showed that the average 30-year conventional fixed rate was 7.56% on Friday — up from 6.83% at the start of the year. “My from 2018 to 2023.

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Housing Market Marketing Insurance Sellers 435

Housing Wire

FEBRUARY 2, 2021

reported positive revenue for 2020, in large part because its title insurance arm made up for a decrease in general earned premiums. The Chicago-based company saw a total of $670 million in net income in 2020, excluding investment gains or losses, up 21% from $554 million in 2019. billion in 2019. Presented by: ServiceLink.

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Insurance Investing Real Estate Business 229

Housing Wire

JULY 19, 2021

Margaret Redman has been named director of national commercial services and senior regional underwriting counsel for North American Title Insurance Co. First American Data & Analytics’ solutions help lenders better identify fraud risks and errors in mortgage applications. million in 2019 and $189.7 Presented by: FADT.

Insurance 370

Insurance Real Estate Investing Agents 370

Housing Wire

MAY 22, 2024

Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its share of total HECM endorsements in 2023 rise to its highest level since 2019. That’s not saying all that much.

Mortgage 425

Mortgage Loan Officers Lending Business 425

Housing Wire

MARCH 15, 2021

The title insurance and settlement services provider was originally bought b y Solutionstar Holdings , an indirect wholly-owned subsidiary of Nationstar Mortgage Holdings (Mr. But Mayopoulos stands by his statement that virtually “every aspect of mortgage lending can be improved through digitization.”

Insurance 397

Insurance Lending Real Estate Agent Valuation 397

Housing Wire

JANUARY 31, 2024

This is according to experts who spoke to personal finance website Bankrate about the concept of taking on a new mortgage in retirement. Age information is collected at the time of origination, but only for Home Mortgage Disclosure Act (HMDA) purposes. 30-year mortgages were never meant to be for them. So she was approved.”

Property Taxes 409

Property Taxes Mortgage Design Finance 409

Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The new API integration will feed real-time data from Polly’s cloud-based PPE into Mortgage Coach’s total cost analysis (TCA) presentation.

Mortgage 431

Mortgage Project Management Insurance Loan Officers 431

Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. The recent spate of high-profile cybersecurity incidents kicked off with a data breach at nonbank mortgage lender and servicer Mr. Cooper.

Mortgage 441

Mortgage Insurance Tools Business 441

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

Mortgage 441

Mortgage Renovations Appraisal Process Finance 441

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.

Insurance 384

Insurance Bracketing HOA Law 384

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. Since its launch in 2019, the California fintech company has raised about $57 million in three rounds of funding.

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Technology Insurance Mortgage Lending 385

Housing Wire

DECEMBER 20, 2023

billion in title insurance premiums, down 24% year over year, according to the American Land Title Association’s Market Share Analysis , released Tuesday. Despite the annual decline, title insurance premium volume was up quarter over quarter, rising from $3.91 with 21.6%; Old Republic National Title Insurance Co. in Q3 2023.

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Insurance Marketing Mortgage Finance 421

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.

Insurance 370

Insurance Inventory Marketing Mortgage 370

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. In August 2022, Polly announced that it extended its API portfolio to better accommodate lenders amid a contracting mortgage environment.

Technology 418

Technology Contracts Insurance Government 418

Housing Wire

APRIL 13, 2023

San Francisco-based fintech Polly has hired Parvesh Sahi, a former executive from ICE Mortgage Technology , as chief revenue officer to scale the business in a highly competitive mortgage environment. Movement Mortgage , First American Financial and FinVC also joined existing investors 8VC , Khosla Ventures and Fifth Wall.

Technology 294

Technology Mortgage Insurance Clients 294

Housing Wire

AUGUST 8, 2023

Mortgage tech firm Lender Toolkit sued two mortgage lenders claiming that the companies failed to make payments while continuing to use its services and software solutions. Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. That’s according to separate filings made in the U.S.

Mortgage 352

Mortgage Contracts Legal Business 352

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

Mortgage 370

Mortgage Loan Officers Insurance Business 370

Housing Wire

NOVEMBER 30, 2023

Fidelity initially notified the public two days after the attack, revealing the firm experienced disruptions to title insurance, escrow and other title-related services, as well as mortgage transactions and technology for the real estate and mortgage industries.

Insurance 421

Insurance Government Real Estate Clients 421

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. In the fourth quarter of 2019, the median renter could afford 69% of the homes for sale in Salt Lake City. Well, State Farm last week announced that it would halt home insurance sales in California.

Insurance 383

Insurance Clients Marketing Housing Market 383

Housing Wire

NOVEMBER 1, 2021

Mortgage lending titan Rocket Mortgage is bringing its tech straight to financial institutions. The lender announced Friday a partnership with Salesforce to deliver Rocket’s mortgage origination capabilities directly to banks, credit unions and other FIs through Salesforce Financial Services Cloud.

Mortgage 421

Mortgage Loan Officers Lending Technology 421

Housing Wire

DECEMBER 27, 2023

The nation’s second largest title insurer , First American , as well as some of its subsidiaries, remain offline as of Wednesday morning in the wake of the title firm’s Dec. The First American Financial umbrella includes First American Title Insurance and First American Title Guaranty , as well as nearly two dozen subsidiaries.

Sellers 496

Sellers Insurance Valuation Clients 496

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million.

Modernization 369

Modernization Mortgage Lending Investors 369

Housing Wire

JUNE 24, 2022

million to resolve allegations that it fraudulently originated government-backed mortgage loans insured by the Federal Housing Administration (FHA). Department of Veterans Affairs after a former loan processor with AFN filed a lawsuit against the California lender in March 2019. Attorney Vanessa Waldref said in a statement. “By

Insurance 383

Insurance Mortgage Government Lending 383

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. Today, roughly $1.5

Finance 370

Finance Buyers Insurance Housing Market 370

Housing Wire

OCTOBER 14, 2020

In the third quarter of 2019, Wells Fargo originated $58 billion in mortgages. Such a move suggests the banking giant is comfortable with its balance sheet and that mortgage defaults would be stable in the upcoming quarter. Mortgage originations from the bank totaled $13.4 In all, Wells Fargo collected $1.6

Business 473

Business Mortgage Lending Valuation 473

Housing Wire

JANUARY 30, 2023

Cenlar FSB, the second-largest mortgage servicer and largest sub-servicer in the U.S., Daras’ professional career spans more than four decades in the banking and mortgage banking industry. He then worked as Cenlar’s chief risk officer from 2015 to 2019 before taking on an advisory role at the company in 2019. territories.

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Clients Insurance Mortgage Finance 397