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%.”

Insurance 370

Insurance Housing Market Marketing Agents 370

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. Excelerate Capital acquires Castle Mortgage Corporation.

Insurance 495

Insurance Retail Business Mortgage 495

Housing Wire

AUGUST 20, 2021

The mortgage market had a stunning year in 2020, with closed-end originations increasing by 65.2% from the year prior, a Home Mortgage Disclosure Act (HMDA) report published by the Consumer Financial Protection Bureau this week disclosed. But some of the industry’s same problems remained in 2020.

Insurance 432

Insurance Mortgage Marketing Lending 432

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.

Insurance 432

Insurance Real Estate Technology Tools 432

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. In fact, the latest Fannie Mae forecast says mortgage lending will hit an all-time high of $3.9

Insurance 458

Insurance Lending Housing Market Mortgage 458

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 367

Insurance Home Value Inventory Real Estate 367

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. The message was clear: if you weren’t already invested in new digital mortgage experience, then your competition already beat you to the sale.

Mortgage 401

Mortgage Lending Technology Modernization 401

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%

Insurance 384

Insurance Real Estate Investing Marketing 384

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. but projects to be at 5% by 2023. .”

Insurance 370

Insurance Real Estate Investing Agents 370

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). Million — [Tampa, Florida].

Mortgage 397

Mortgage Marketing Finance Insurance 397

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. Townsend added: “All those people who said they don’t have someone dedicated to marketing, that is the top of that chart that is juggling too many roles.

Insurance 384

Insurance Bracketing HOA Law 384

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.

Insurance 388

Insurance Real Estate Technology Business 388

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The other focus should be where mortgage rates go; only a little happened last week. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April.

Inventory 520

Inventory Housing Market Marketing New Listings 520

Housing Wire

MARCH 17, 2023

a mortgage artificial intelligence firm focused on automated mortgage underwriting decisions, has conducted layoffs as lenders rush to cut costs. Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor , said in an e-mailed response.

Mortgage 369

Mortgage Clients Technology Development 369

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.

Marketing 382

Marketing Insurance Investors Mortgage 382

Housing Wire

JUNE 11, 2023

And, the recent uptick in mortgage rates to almost 7% slowed purchase application data again. Mortgage rates stayed in a small range between 6.89% – 6.94% Purchase application data had its fourth straight week of negative data as rates near 7% slowed down demand. First, it took the longest time in U.S.

Inventory 517

Inventory Housing Market Marketing New Listings 517

Housing Wire

DECEMBER 1, 2021

A federal judge ordered Ronald McCord, the founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also once the president of the Mortgage Bankers Association (MBA), to pay $51.8 million in restitution for mortgage fraud. As the housing market changes, so does lending fraud.

Mortgage 544

Mortgage Insurance Lending Government 544

Housing Wire

OCTOBER 13, 2022

In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond.

Mortgage 370

Mortgage Marketing Buyers Sellers 370

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

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. Mortgage rates fell last week as we started the week at 6.73%, got as low as 6.43% to end the week at 6.5%. Mortgage rates fell to a low of 6.43% then ended the week at 6.5%.

Inventory 491

Inventory Housing Market Marketing New Listings 491

Housing Wire

JULY 7, 2023

The 10-year yield and mortgage rates have been rising close to the 2023 high as some labor data shows that the honey badger labor market is still growing. To make things even more complicated, the spreads between the 30-year mortgage rate and the 10-year yield keep getting wider. The four-week moving average fell, to 253,25.

Mortgage 421

Mortgage Government Marketing Insurance 421

Housing Wire

MARCH 8, 2023

The Consumer Financial Protection Bureau (CFPB) on Wednesday released a special edition of its Supervisory Highlights report that profiles “unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets,” including among mortgage servicers.

Mortgage 378

Mortgage Inspection Law Contracts 378

Housing Wire

APRIL 7, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically. Cooper , he expects market share to increase to about 20% in 2022.

Mortgage 384

Mortgage Technology Clients Insurance 384

Housing Wire

OCTOBER 8, 2021

home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. Despite average 30-year mortgage rates that have remained below 3% for most of 2021, the rapid home price increases are eroding affordability for average wage earners. Among 75 U.S.

Renovations 543

Renovations Inventory Marketing Property Taxes 543

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.”

Insurance 431

Insurance Housing Market Marketing Agents 431

Housing Wire

OCTOBER 28, 2021

The firm announced Wednesday that it has acquired Denver-based digital mortgage automation and point-of-sales software company Floify. Porch, which went public via SPAC in 2020, announced late last year that it was on the hunt to acquire companies that would give the firm more solid footing in the homeownership space.

Mortgage 397

Mortgage Logistics Insurance Real Estate Agent 397

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.

Mortgage 370

Mortgage Lending Business Insurance 370

Housing Wire

APRIL 19, 2022

Publicly traded mortgage tech company Blend Labs laid off 10% of its workforce amid major headwinds in the mortgage industry. The company, whose white-label technology powers mortgage applications on the websites of major lenders such as Wells Fargo and U.S. a share, with a market capitalization of about $1.17 billion.

Mortgage 370

Mortgage Investors Clients Insurance 370

Housing Wire

MARCH 13, 2024

Using a 1-10 scale, the portal displays current risk factors for a property as well as the expected change for each risk in 15 and 30 years, the length of a typical mortgage. 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.

Tools 441

Tools Insurance Home Value Technology 441

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.

Renovations 413

Renovations Home Improvement Marketing Finance 413

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.

Finance 370

Finance Insurance Mortgage Realtors 370

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

Property Taxes 466

Property Taxes Insurance Construction Inventory 466

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. Consumers today expect access to instant information and don’t want to spend lots of time making calls to coordinate showings or filling out paperwork to get a mortgage.

Real Estate Agent 358

Real Estate Agent Real Estate Agents Loan Officers 358

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 year one, go to 5.2%

Marketing 410

Marketing Government Mortgage Sellers 410

Housing Wire

NOVEMBER 10, 2021

The federal government’s top regulators announced Wednesday that they are collectively resuming mortgage servicing supervisory and enforcement practices in full, ending certain flexibilities it offered mortgage servicers at the onset of the Covid-19 pandemic. Compliance as a Competitive Edge in a Purchase Market.

Mortgage 397

Mortgage Law Insurance Government 397

Housing Wire

AUGUST 24, 2023

and created a refi boom for mortgage lenders like Better. 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. At that time, the company was valued by its investors at $7.7

Insurance 370

Insurance Mortgage Realtors Business 370

Housing Wire

APRIL 18, 2023

While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.

Mortgage 370

Mortgage Technology Business Investing 370