Housing Wire

AUGUST 17, 2023

With the housing industry down across the board, upstart title insurance firms couldn’t maintain strong growth rates in 2023. Just three title insurance firms made the annual Inc. Nine title insurers made the list in 2022. The title insurance firm ranked No. The Plano, Texas-based title insurance firm was ranked No.

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Housing Wire

MAY 9, 2023

National Mortgage Insurance Corporation (National MI) announced on Tuesday its integration with Vesta , a loan origination system (LOS) provider and software-as-a-service company. ” National MI’s API platform lets lenders and LOS providers quickly and seamlessly retrieve accurate mortgage insurance quotes through Rate GPS. .

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Housing Wire

FEBRUARY 11, 2021

“Big Four” title insurer First American Financial Corp. billion in total 2020 revenue in its annual earnings report, released Thursday. Also announced by the title insurer was a total of $1.1 segment pretax margin of title insurance and services. in 2020 revenue appeared first on HousingWire.

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Housing Wire

DECEMBER 9, 2021

year-over-year increase in title insurance premium volume during the third quarter of 2021 according to ALTA’s Market Share Analysis , published on Thursday. During Q3 2021, the title insurance industry generated $6.8 billion in title insurance premium, marking the industry’s best quarter on record. of the market.

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Housing Wire

JULY 26, 2023

We immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem,” Armstrong, a Compass agent in San Diego, told HousingWire’s Brooklee Han in a feature we published Tuesday. Insurance policies for homeowners are skyrocketing. The result?

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Housing Wire

JULY 25, 2023

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”

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Housing Wire

MAY 8, 2023

The rapid housing market cool down and the rapid pace at which the Federal Reserve hiked interest rates took their toll on the title insurance industry in 2022. During the fourth quarter of the year, the title insurance industry generated $4.4 billion in title insurance premiums, down 38% year over year. in Q3 2022.

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Housing Wire

MAY 24, 2023

methodology in October 2021, thousands of homeowners in low-elevation coastal areas of the United States braced for federal flood insurance hikes. Recently released data from the agency shows that annual flood insurance premiums will eventually double or even triple for homeowners in some U.S. billion shortfall as of 2020.

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Housing Wire

MARCH 24, 2022

The Federal Housing Administration insured thousands of mortgages in 2020 without the mandatory flood insurance coverage. According to the watchdog, at least 31,500 FHA-insured loans insured did not have the required National Flood Insurance Program coverage. Those loans, totaling close to $4.5

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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. It’s no secret that lending volume is up in 2020. But title insurance premiums are also surging as a result. The title insurance industry generated $4.18

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Housing Wire

AUGUST 20, 2021

The mortgage market had a stunning year in 2020, with closed-end originations increasing by 65.2% But some of the industry’s same problems remained in 2020. million in 2020. million in 2020. in 2020, while the share for Hispanic borrowers was 9.1% in 2020 compared to 8.9% in 2020, from 1.04

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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 The title insurance industry generated $26.2

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Housing Wire

JANUARY 21, 2022

The consent order states that between a three-year period – from February 2017 through February 2020 – the bank’s risk assessment, internal controls, and training led to various violations. billion in owned mortgage servicing, a decrease of 10% compared to the same period of 2020. according to Inside Mortgage Finance.

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Housing Wire

SEPTEMBER 19, 2022

Mortgage tech startup Staircase says it has launched a tool that enables mortgage insurers to automate the underwriting of non-delegated mortgage insurance (MI) policies for lenders at about half of the typical cost. In the delegated channel, the lender underwrites the loan for mortgage insurance and submits it to the mortgage insurer.

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Housing Wire

MAY 3, 2021

Title giant Old Republic saw massive first quarter 2021 gains , reporting a 40% year-over-year growth in title insurance premiums and fees. billion for the first quarter 2021 — up from only $764 million in the first quarter of 2020. increase from the first quarter of 2020. million registered during Q1 2020. billion, a 12.4%

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Housing Wire

SEPTEMBER 16, 2020

The title industry experienced quite a rush in the second quarter of 2020 with $4.18 billion in title insurance premiums generated. Here are the top 5: Westcor Land Title Insurance : 5.9% WFG National Title Insurance : 3% Title Resources Guaranty : 2% North American Title Insurance : 2% First National Title Insurance : 1%.

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Housing Wire

FEBRUARY 18, 2022

The stock price of Doma Holdings was down 29% on Friday afternoon after the title insurance company posted a $43.7 In 2020, the company posted a $19 million loss. .” million in 2020. The post Title insurer Doma forecasts profitability in 2023 appeared first on HousingWire. million from $143.5

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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. million in 2020, according to filings made with the Securities and Exchanges Commission. million in 2020, according to filings made with the Securities and Exchanges Commission.

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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. . The plan also included the $1.8

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Housing Wire

SEPTEMBER 8, 2021

The Office of the Comptroller of Currency announced today that it is moving to gut the controversial Community Reinvestment Act (CRA) rule issued in 2020. The post OCC moves to rescind 2020 version of CRA rule appeared first on HousingWire. The agency is soliciting public commentary, due by Oct.

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Housing Wire

APRIL 14, 2022

Fannie Mae generated some buzz last week when it announced it would be accepting written attorney opinion letters in lieu of a title insurance policy “in limited circumstances.”. Title insurance came to be because attorney title opinions were not adequate for the marketplace.

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Sacramento Appraisal Blog

AUGUST 23, 2023

I have a few thoughts on insurance in California […] The post Higher rates, insurance, & the stock market vs real estate first appeared on Sacramento Appraisal Blog | Real Estate Appraiser. Let’s talk about that today by looking at a few stats.

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Housing Wire

APRIL 2, 2021

White label title insurance franchise Proliant Settlement Systems announced Friday the acquisition of Great Northern Title Insurance Agency (GNTIA) in Michigan as a franchisee. ” This was appealing to GNTIA owner Neville Nofar, who also counts Great Northern Tax and Great Northern Insurance Agency as part of his portfolio.

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Housing Wire

JANUARY 31, 2021

After a tumultuous year of disruption and uncertainty in 2020, mortgage servicing continues to change in order to meet consumer needs, regulatory demands and best practices. A strategic insurance solution is a critical component to monitor and assess mortgage loans as part of a larger risk management and servicing framework.

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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. The complete list of title insurance companies on the Inc. The post Nine title insurance companies named to Inc. In 2021, 12 firms made the list. 1115), Celebration Title Group (No.

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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. The post Blend breaks into title insurance with latest acquisition appeared first on HousingWire. Cooper’s original name prior to rebranding) in 2015. .

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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. One of the things that we are currently working on is a new consumer facing website that is focused solely on bringing talent into the title insurance field.”.

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Housing Wire

FEBRUARY 15, 2024

More than 80% of survey respondents said they know what an escrow account is and its primary purpose — to pay property taxes and other expenses, such as homeowners insurance , flood insurance and mortgage insurance premiums. The average U.S. About 80% of all U.S. mortgage holders have an escrow account, LERETA reported.

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Appraisal Buzz

NOVEMBER 30, 2021

Natural disasters occurred in every state over the course of 2020 in the tunes of thousands of these events sprinkled across the states. Winter storms in Texas, for example, accounted for 40% … The post Natural Disasters are Pushing Up Insurance Rates appeared first on DSNews.

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Housing Wire

DECEMBER 2, 2020

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. Among the advancements of the past four years, moving mortgage processing into the cloud is arguably what saved the mortgage industry from disaster in 2020.

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Housing Wire

DECEMBER 29, 2021

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. of the market, should be too concerned about the rise of the little guy.

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Housing Wire

SEPTEMBER 30, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Earlier this month, FinLedger reported that proptech funding had declined by about 6% in the first half of 2020, according to a report from the U.S.

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Housing Wire

NOVEMBER 30, 2020

Since being named Managing Editor of FinLedger in August 2020, Mary Ann Azevedo has jumped right in to directing a powerful news and content strategy in addition to building a team of fintech journalists to support a robust audience of financial services and fintech professionals. Mary Ann Azevedo, Managing Editor, FinLedger.

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Housing Wire

MARCH 13, 2024

The cost of homeowners insurance policies has skyrocketed in the past two years as U.S. insurers have grappled with exponential growth in natural disaster claims. Realtor.com pioneered climate risk data in 2020 as one of the first portals to include flood risk assessments on property listing pages. According to the U.S.

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Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

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Housing Wire

MARCH 4, 2024

Additionally, the cost of homeowners insurance has dramatically increased in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. As a result, Los Angeles now has more affordable housing units in the pipeline than in 2020, 2021 and 2022 combined.

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Housing Wire

MARCH 22, 2021

The complaint, filed in early 2020, comes from two rival firms that claimed Modus committed various co-branding and social media violations. This could be a major setback for Compass, which announced new virtual real estate tools in April 2020 as a way to adapt to the changes COVID-19 made on the industry. In all, Compass has lost $1.1

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