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

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. Mortgage Insurers.

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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

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 7, 2022

the holding company for Enact Mortgage Insurance Co. , The credit facility will be used for working capital and other corporate purposes as well as for capital contributions to its insurance subsidiaries. Enact (Nasdaq: ACT), formerly known as Genworth Mortgage Insurance Corp., Enact Holdings Inc.,

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Insurance Mortgage Finance Investing 404

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 381

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. The potential loss on these loans could amount to $1.5

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Insurance Mortgage Government Development 383

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 million GAAP loss in the fourth quarter, and a $113 million loss for the full year in 2021. For the full year of 2021, Doma recorded an adjusted EBITDA loss of $71.6 In 2020, the company posted a $19 million loss.

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Insurance Investors Technology Development 381

Housing Wire

JANUARY 21, 2022

According to the regulator, the bank violated the FDPA to “make, increase, extend, or renew loans” secured by properties in special flood hazard areas until after it obtained proof of adequate insurance. Flagstar Bank originated almost $40 billion in mortgage loans from January to September 2021, an 11.4% The post Flagstar to pay $3.6M

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Insurance Training Finance Mortgage 373

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% Old Republic : 14.5%

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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 premium volume increase compared to the first quarter of 2021,” Diane Tomb, ALTA’s CEO, said in a statement. WFG National Title Insurance Co.

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Insurance Home Value Contracts Marketing 303

Housing Wire

AUGUST 16, 2022

A total of nine title insurance and settlement services providers were named to the Inc. In 2021, 12 firms made the list. based on percentage revenue growth from 2018 to 2021. based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2021.

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Insurance Technology Agents Business 294

Housing Wire

JUNE 26, 2023

In the title insurance industry this resulted in a drop in capital adequacy , according to a report released Friday by Fitch Ratings. Rising mortgage rates , lower homebuyer demand and fewer homeowners choosing to sell their homes caused the housing market to slow during the second half of 2022.

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Housing Wire

APRIL 13, 2021

Title insurers wrote $19.2 billion in premiums last year, but a recent report from the American Land Title Association predicts a slowdown in 2021 due to – you guessed it! – Just how fruitful was 2020 for title insurers? billion in 2021, while First American reported $694.6 low inventory. billion in 2019. of the market.

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Insurance Inventory Marketing Mortgage 370

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 2021. The post North American Title Insurance announces flurry of moves appeared first on HousingWire. but projects to be at 5% by 2023. Doma saw revenues of $179.8

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Insurance Investing Real Estate Agents 370

Housing Wire

MARCH 15, 2021

Subject to closing conditions, Blend anticipates to finish the deal by the end of the second quarter in 2021, leaving nearly 10% ownership interest to Mr. Cooper upon deal completion. ” Over time, Blend, which was named as one of HousingWire’s 2021 Tech 100 winners, has steadily grown to be a powerhouse in the mortgage tech industry.

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Insurance Lending Real Estate Agent Valuation 394

Housing Wire

FEBRUARY 3, 2021

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. The post Why mortgage lending standards will ease in 2021 appeared first on HousingWire. Such a scenario illustrates the growing disparities in the U.S. housing market.

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Lending Mortgage Insurance Housing Market 545

Appraisal Buzz

NOVEMBER 29, 2021

Bad news for homeowners with a flood insurance policy—for the majority of homeowners in flood zones, rates are more than likely going to go up when the policy renewal time comes around. Starting October 1, 2021, the Federal Emergency Management Agency (FEMA) switched to a new risk rating system colloquially known as “Risk Rating 2.0”

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Housing Wire

OCTOBER 31, 2022

Third-quarter earnings season kicked off with a bang last week with three ( Stewart, First American and Old Republic ) out of the Big Four title insurers reporting their earnings on Thursday. billion and net income fell from $445 million in Q3 2021 to $2 million in Q3 2022. year over year to $968.1

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Insurance Marketing Investors Investing 362

Housing Wire

NOVEMBER 29, 2023

For the first time since 2021 when Americans relocated in droves, Nashville once again is a top migration destination, according to a new report from Redfin. The rising threat posed by natural disasters such as hurricanes and flooding prompted many homeowners insurance providers to pull out from risk-prone areas in recent months.

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Property Taxes Real Estate Agent Insurance Housing Market 415

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

JUNE 24, 2021

In 2021, all housing professionals must be focused on the 3 P’s: Process, Profitability and Purchase. And to help you power your business forward in 2021 and beyond we brought together the smartest minds in purchase mortgage marketing to share the insights, tactics and strategies that set the leaders apart. ALL EYES ON PURCHASE.

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Loan Officers Lending Finance Business 353

Housing Wire

NOVEMBER 3, 2020

The National Flood Insurance Program’s authority to issue policies was recently extended for a full year, until September 30, 2021. If CoreLogic determines that a home is in a high-risk flood zone, as a condition of that loan, the bank must require flood insurance – and most of those policies are written through the NFIP.

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Insurance Housing Market Marketing Business 370

Appraisal Buzz

NOVEMBER 9, 2021

MGIC Investment Corporation’s principal subsidiary Mortgage Guaranty Insurance Corporation (MGIC) has announced that Sri Kadasinghanahalli joined the company on October 18, 2021 as Vice President of Systems Development. The post Kadasinghanahalli Joins Mortgage Guaranty Insurance Corporation appeared first on Appraisal Buzz.

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Insurance Mortgage Modernization Clients 195

Appraisal Buzz

DECEMBER 13, 2021

Q3 operating income totals for the title industry hit all-time highs, up more than 50% in 2021. The post Title Insurance Volume Sees Record High Increase appeared first on DSNews. The post Title Insurance Volume Sees Record High Increase appeared first on Appraisal Buzz.

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Appraisal Buzz

AUGUST 11, 2022

Based on a Policygenius study of 8,698 active home insurance policies quoted for renewal between May 2021 and May 2022, home insurance prices are rising at a faster rate than inflation, as costs are up nationwide since last year.

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Insurance Appraisal 195

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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Insurance Real Estate Technology Business 375

Housing Wire

MARCH 29, 2022

Origination volume for FHA -insured loans increased by 3% in 2021, growing from $324 billion in 2020 to $332.24 in 2021, came in fourth place, originating $10.2 The HMDA data also revealed that the average FHA loan size in 2021 was $251,371, while the average interest rate was 3.03%. billion worth of loans.

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Housing Wire

FEBRUARY 24, 2022

Fast forward to Thursday, and Opendoor reported losing $662 million in 2021. Opendoor’s losses came after iBuyer Offerpad announced it made $6 million in net income for 2021. Opendoor resold 21,725 of the homes it bought in 2021, up 119% from 2020. That exceeds Zillow’s $528 million loss for the year. The company tallied $8.0

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Investors Real Estate Inventory Finance 427

Housing Wire

JULY 1, 2021

They were there, in the middle of everything, to make sure that brand loyalty would last well beyond 2021. This foundational first class of 2021 Marketing Leaders includes the most creative and influential marketing minds of the housing industry. Arch Mortgage Insurance. President, Digital Strategy & Innovation. Joe Manning.

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Marketing Advertising Real Estate Technology 393

Housing Wire

JANUARY 29, 2021

But will 2021 be the same? Here we break down the reasons why you should or shouldn’t sell in 2021: Should sell your house: Interest rates are low. While interest rates are expected to remain steady in 2021 , there will still be a low supply of houses on the market. The post Is 2021 a good time to sell your house?

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Property Taxes Sellers Buyers Mortgage 454

Housing Wire

FEBRUARY 28, 2021

The 2021 Tech100 Mortgage winners are revolutionizing the mortgage process – from origination to closing, and servicing to secondary markets. The following table presents the 2021 winners. Matic Insurance. Arch Mortgage Insurance. The post 2021 HW Tech100 Mortgage Winners appeared first on HousingWire. Company HQ.

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Mortgage Technology Insurance Real Estate 427

Appraisal Buzz

JUNE 6, 2022

The latest news of such comes from American Land Title Association (ALTA) who found that, driven by meteoric rise in originations and home values last year, has caused title insurance premiums to increase by 35.9% increase seen … The post Title Insurance Market Sees Double Digit Growth appeared first on DSNews.

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Insurance Marketing Home Value Real Estate 150

Housing Wire

NOVEMBER 28, 2022

According to the report, in 2021, the Internet Crime Complaint Center (IC3) received BEC-related complaints with claimed losses exceeding $2.4 In comparison, the second highest dollar loss category reported to the IC3 in 2021 was investment fraud, with losses of approximately $1.45 According to a Q3 analysis by FundingShield, 47.9%

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Training Real Estate Technology Insurance 378

Appraisal Buzz

MAY 25, 2022

Mortgage Insurers (USMI), which is the trade association representing the nation’s leading private mortgage insurance companies, has announced the industry has transferred more than $55 billion in risk on nearly $2.8 trillion of insurance-in-force from 2015-2021. The post Private Mortgage Insurers Transfer Risk on $2.8T

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Insurance Mortgage Business Appraisal 150

Appraisal Buzz

MARCH 1, 2022

billion in unpaid principal balance of fixed-rate loans, acquired between January 2021 and March 2021. The post Fannie Mae Executes First Credit Insurance Risk Transfer of 2022 appeared first on DSNews. The post Fannie Mae Executes First Credit Insurance Risk Transfer of 2022 appeared first on Appraisal Buzz.

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Insurance Appraisal 150

Housing Wire

NOVEMBER 12, 2020

The digital lender, run by CEO Vishal Garg , selected Bank of America and Morgan Stanley to prepare an initial public offering slated for 2021, according to sources cited by Bloomberg. Its backers include L Catterton , Activant Capital , Ally Financial , Goldman Sachs , Kleiner Perkins , Ping An Insurance , Citi and American Express.

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Valuation Loan Officers Retail Mortgage 471