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. Old Republic International Corp.

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Sacramento Appraisal Blog

AUGUST 23, 2023

Rates have gone up, but have they sucked all the demand out of the market? Also, someone asked if the stock market is connected to the housing market, so l made a cool graph. Let’s talk about that today by looking at a few stats.

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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

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

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.

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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

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

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. According to a report from the American Land Title Association , family markets made up nearly 81% of those gains while independent companies shared what remained. in total volume: Fidelity : 32.7%

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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

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

MARCH 8, 2024

For now, we can say the labor market isn’t tight anymore, but it’s also not breaking. From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000. I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. Today, we are at 157,808,000.

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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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Insurance Real Estate Investing Agents 369

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 EST was trading at $2.43

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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. Tom McInerny, the president and CEO of Genworth, said that recent market volatility led the company to put off the IPO. housing market and expected tailwinds as the economy recovers from COVID-19.”

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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

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. 1 spot among mortgage lenders, they decried that their “Rocket Mortgage” was a marketing ploy, with a sort of sneaker net of traditional processes behind it.

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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 And Blueprint acquired an underwriter as it attempts to gain market share in an industry known for extreme barriers to entry.

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Housing Wire

NOVEMBER 11, 2021

That’s nearly as much as it costs to deliver a newborn, on average, even with employer-provided health insurance , and quite a bit more than the $3,900 the average woman earns each month. Profit margin compression and a tight housing market – What’s a lender to do? Presented by: Black Knight.

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Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April. However, even with that, the labor market, while getting softer, hasn’t broken yet.

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Inventory Housing Market Marketing New Listings 518

Housing Wire

MARCH 4, 2024

The mayor of Miami-Dade County wants to leverage the bond market to create a fund that will finance affordable housing projects, according to a Bloomberg report published Monday. Other cities have also tapped into the bond markets to handle their housing crises. billion to cope with the local housing crisis. Out of the $2.5

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Finance Property Taxes Insurance Development 428

Housing Wire

MAY 24, 2023

The Federal Reserve ‘s monetary tightening policy and the recent banking crisis have the potential to change the mortgage-backed securities (MBS) market’s dynamics more than anything seen over the last two decades, according to secondary market experts. The Fed and U.S. trillion this year.

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Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville. “We Our insurance is pricing people out of their homes.”

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Housing Wire

JUNE 11, 2023

I did a podcast on why I believe this is happening post-2020 when it wasn’t normal in the past. but it needs weakness in demand and days on market to grow so inventory can accumulate. Mortgage rates have been in the range of 5.99%-7.14% , however, we do have some issues in the mortgage market. From the St.

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Inventory Housing Market Marketing New Listings 492

Housing Wire

OCTOBER 8, 2021

home price increase translated into a monthly mortgage payment of $1,179 on a median-priced home — not including property taxes and insurance. Meanwhile only 19% said it was a good time to buy because of low interest rates, down from 44% in July 2020. Top Markets for Renovated Inventory. Renovated Inventory to the Rescue.

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Housing Wire

MAY 7, 2023

The NAR data going back decades shows how difficult it has been to get back to anything normal on the active listing side since 2020. Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. Mortgage rates in a regular market should be 5.25% today but are at 6.5%.

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Inventory Housing Market Marketing New Listings 490

Housing Wire

MAY 10, 2022

In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). Year over year as of Q4 of last year, the index was up 26.7% — from 109 in Q4 2020. Following is a breakdown of SARs filings by institutional category for 2021, compared with 2020.

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Housing Wire

JUNE 8, 2021

EnerBank funds most of its loans on its balance sheet through FDIC -insured brokered CDs; it also charges fees to the contractors. In 2020 it acquired equipment finance lender Ascentium Capital and a year prior picked up institutional investment firm Highland Associates. billion in volume in 2020. in 2021 to $433 billion.

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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

This century has seen a rapid shift to a digital-first economy from the internet to portals to email marketing to smartphones to social media. This has heightened the need for digital tools for marketing, viewing, financing and closing on home purchases. VL: So many areas could benefit by embracing digitalization.

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Housing Wire

SEPTEMBER 18, 2020

Fidelity hired Rachel Hollinger Chapman to lead its National Title Insurance of New York’s agency operation in Georgia. “We We are very fortunate to have Rachel join our Southeast Agency Division and launch the National Title Insurance of NY agency brand in Georgia,” Fidelity Executive Vice President David Baum said.

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Housing Wire

FEBRUARY 2, 2022

“We feel very good about where Old Republic International sits with our two key businesses, General Insurance and Title Insurance, and we look forward to another productive good year in 2022,” Smiddy said during the earnings call. Overall, in 2021, title insurance generated $4.4043 billion in revenue up 34% from a year prior.

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Housing Wire

FEBRUARY 15, 2024

While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to 11.9 housing market for multiple reasons, Redfin said. were 65 and older as of 2020, up from 13% in 2010,” the report reads. years last year, up from 6.5

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Housing Wire

AUGUST 23, 2023

Since the deal announcement, Better’s employment count dropped from 11,000 employees in 2020 to 950 workers as of June 2023. Better faced the deterioration of the mortgage market due to surging rates. It also dealt with the bad press after Garg laid off employees via Zoom in December 2020.

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Finance Insurance Mortgage Realtors 358

Housing Wire

JUNE 23, 2021

HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership. HousingWire: What is the current state of the housing market for first-time homebuyers and communities of color? According to the Radian Home Price Index , home prices rose 9.2%

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Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in November, down from a 9.2%

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Housing Wire

DECEMBER 22, 2021

“By joining forces with GITC, the largest title agency in Illinois, we further demonstrate our commitment to investing and gaining scale in attractive markets in order to provide best-in-class products and services to our customers,” Stewart Group president Steve Lessack said in a statement. at the end of 2020 and 10.6%

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Housing Wire

AUGUST 24, 2023

But Better’s debut came at a low point in the mortgage market, with mortgage rates at their highest levels in more than two decades and historically low levels of home sales. Since the deal announcement, Better’s employment count nosedived to 950 workers in June 2023 from 11,000 employees in 2020.

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