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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Insurance Investing Real Estate Business 227

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 314

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

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.

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Insurance Retail Business Mortgage 498

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.

Insurance 370

Insurance Brokerage Real Estate Business 370

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. million in 2020.

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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. Presented by: ServiceLink.

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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

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Insurance Lending Housing Market Mortgage 458

Housing Wire

APRIL 29, 2024

The attorney general of Michigan has re-released a consumer alert about the reverse mortgage product category during financial literacy month. A reverse mortgage is a type of home equity loan extended, in most cases, to those who are 62 years of age or older,” the announcement stated.

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Mortgage Property Taxes Design Insurance 421

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.,

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Insurance Home Value Inventory Real Estate 368

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. Flagstar Bank originated almost $40 billion in mortgage loans from January to September 2021, an 11.4% according to Inside Mortgage Finance.

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Insurance Training Finance Mortgage 382

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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Insurance Housing Market Marketing Real Estate 384

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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Insurance Housing Market Marketing Agents 370

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.

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Mortgage Lending Technology Modernization 402

Housing Wire

JANUARY 9, 2024

One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger. Insurers currently offer few affordable options for those in the economic middle , according to Kiplinger. population grows older in the coming years.

Mortgage 512

Mortgage Insurance Finance Clients 512

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

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. In turn, the new rule was picked apart by fair housing advocates and the mortgage industry. The post OCC moves to rescind 2020 version of CRA rule appeared first on HousingWire.

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Modernization Insurance Lending Development 407

Housing Wire

FEBRUARY 15, 2024

Among homeowners who have a mortgage escrow account, only 52% fully understand how the account works, according to survey results released Thursday by property tax services provider LERETA. In 2023, 60% of the calls were related to escrow accounts, specifically shortages due to rising property taxes or insurance costs.”

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Property Taxes Insurance Mortgage Finance 491

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. Presented by: FADT.

Insurance 370

Insurance Investing Real Estate Agents 370

Housing Wire

MARCH 8, 2024

Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. 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.

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Marketing Mortgage Transportation Insurance 500

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. These regulations regarding mortgage compliance change regularly which impacts how servicers manage their portfolios.

Insurance 370

Insurance Clients Technology Mortgage 370

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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Insurance Renovations Law Real Estate 397

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.”

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Insurance Lending Real Estate Agent Valuation 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. That’s according to PropLogix ’s fifth annual “State of the Title Industry” report.

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Insurance Bracketing HOA Law 384

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

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 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.

Insurance 390

Insurance Real Estate Technology Business 390

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. United States District Judge Robin Cauthron ordered McCord also serve 8.5

Mortgage 544

Mortgage Insurance Lending Government 544

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. Ellie Mae was acquired by Intercontinental Exchange (ICE) in September 2020.

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Technology Mortgage Insurance Clients 294

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.

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Tools Insurance Home Value Technology 441

Housing Wire

DECEMBER 17, 2021

Special purpose acquisition companies’ appetite for real estate and mortgage businesses apparently isn’t dead yet , despite recent problems involving Better.com that pushed a merger with Aurora Acquisitions Corp. trillion and mortgage originations to $3.8 trillion in 2020 in the United States. to next year, if at all.

Real Estate 441

Real Estate Mortgage Insurance Business 441

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 379

Mortgage Inspection Law Contracts 379

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

DECEMBER 14, 2023

The figures are shown for a borrower with an average purchase price of $318,000 in 2020 and assumes that the borrowing household will keep the loan for seven years. Homeowner’s insurance, the servicer, and even the GSE (the actual holder of the default risk on the mortgage), represent small overall costs by comparison.

Insurance 431

Insurance Property Taxes Buyers Investors 431

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

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. Blend Labs CEO Nima Ghamsari is a betting man. He was right.

Mortgage 384

Mortgage Technology Clients Insurance 384

Housing Wire

FEBRUARY 24, 2021

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. The loan pre-qualification step is an area that almost all parties need for a successful outcome (consumers, real estate agents, loan officers, insurance agents).

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Real Estate Agent Real Estate Agents Loan Officers 360