Housing Wire

JANUARY 29, 2021

To put it simply, the last half of 2020 was a seller’s market. 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. Why is this a good thing for sellers, you ask? The post Is 2021 a good time to sell your house?

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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. billion revenue, which mostly stems from a 5% sales fee charged to home sellers and proceeds from flipping homes. The company tallied $8.0

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Housing Wire

FEBRUARY 26, 2024

The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. And homeowners insurance costs are three times higher in Florida than the national average.

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Housing Wire

APRIL 9, 2024

In late 2021, Congress renewed a 10-basis point tax on Fannie Mae and Freddie Mac loans for another decade — not based on loan risk, but to pay for non-housing spending. Another issue is home sellers’ bias against homebuyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price.

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Housing Wire

MAY 14, 2024

In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending. Another issue is home sellers’ bias against buyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price.

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Housing Wire

FEBRUARY 6, 2024

home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster. Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up.

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Housing Wire

MARCH 17, 2022

As HUD considers mortgage insurance premium (MIP) changes in the aftermath of FHA’s record-breaking FY 2021 performance with $100 billion of capital reserves and a capital ratio of 8%, it is time to address the “elephant in the room.” Between 2010-2014, FHA raised annual premiums by 145%. Let’s also not forget who FHA borrowers are.

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Housing Wire

JANUARY 26, 2022

In October, Freddie Mac issued Bulletin 2021-31 , updating its Seller/Servicer and Third Party risk mitigation requirements. These cybersecurity concerns are supported by data that shows that wire and title fraud risk remained at elevated levels in Q4 2021. Additionally, Q4 2021 saw a 5.4% Additionally, Q4 2021 saw a 5.4%

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Housing Wire

JULY 22, 2021

Former CoreLogic executive Rouz Tabaddor has been named vice president and chief intellectual property officer at title insurance provider First American Financial Corp. — segment pretax margin of title insurance and services. The sales were made with Safeco Insurance , a Liberty Mutual company, and Heritage Insurance Holdings.

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Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. With the housing market still red-hot and inventory at a crisis level , borrowers with cash and conventional almost always win out with sellers.

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Housing Wire

JANUARY 9, 2024

However, the suit is seeking both national and Illinois class action status for all persons who purchased a home listed on a NAR MLS with a buyer’s agent and or seller-agent employed or affiliated with @properties or any of its franchises, subsidiaries, or agencies between March 17, 2000, and the present.

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Housing Wire

JANUARY 10, 2022

Stewart Title appears to be starting 2022 exactly where it left off in 2021. The fourth largest title insurance underwriter by market share announced its acquisition of Nashville-based Homeland Title on Thursday. Homeland Title has served homebuyers and sellers in middle Tennessee since 2003. This is down from 9.6%

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Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

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Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. The event is exclusively for HW+ members , and you can go here to register.

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Housing Wire

SEPTEMBER 30, 2021

First American Title Insurance Company announced Thursday that it has partnered with Notarize to expand and accelerate adoption of remote online notarization (RON). Through Notarize, First American currently offers title insurance through RON-executed real estate transactions in 32 states.

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Insurance Real Estate Sellers Agents 262

Housing Wire

AUGUST 8, 2022

Representatives for credit unions have sought the change since July 2021, when Ginnie Mae announced new proposed capital requirements. Ginnie Mae suggested a 10% minimum risk-based capital ratio for all Ginnie Mae sellers and servicers, except banks. Ginnie Mae did not respond to a request to comment.

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Housing Wire

AUGUST 17, 2022

The groups have been aligned on calling on the Federal Housing Administration to lower its mortgage insurance premiums. The groups have also criticized the suspension of the GSE cash window in 2021, and taken issue with the Federal Housing Finance Agency’s proposed requirements for sellers and servicers.

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Housing Wire

OCTOBER 12, 2022

The integration also aims to tackle the payment procedure during a real estate closing, in which several parties receive payments through sources like broker/agent commissions, underwriter fees, title search fees, taxes, payoffs and seller proceeds.

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Architecture Real Estate Training Design 354

Housing Wire

APRIL 17, 2023

Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. The 90-day average median list price as of mid-February comes in at $699,187, down a little over $100,000 from the record high set in mid-March 2021. For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We

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Housing Market Marketing Inventory Buyers 344

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says. “As If it’s not moving, change the pricing so it does move.

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Housing Market Renovations Marketing Retail 355

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer.

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Contracts Tenants Legal Sellers 143

Housing Wire

FEBRUARY 3, 2022

The “Big Four” take on the upstarts in title insurance. According to the December 2021 jobs report released by the Labor Department , average hourly earnings have increased by around 5% over the last 12 months ending in December 2021. In the first half of 2021, according to Enact , around 2.5

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Housing Market Marketing Supply Chain Mortgage 403

Lamacchia Realty

MAY 14, 2021

FLORIDA HOME INSURANCE. Getting homeowners insurance is a necessity to be prepared and save yourself from costly damages or issues in the long run. What is Home Insurance? Home insurance can be tailored to offer the amount of coverage you need and is typically paid with monthly premium payments. What Does it Cover?

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Insurance Real Estate Agent Realty Real Estate 38

Housing Wire

JANUARY 31, 2024

was impacted by the Cloudstar ransomware attack in July 2021. In addition to backups, cybersecurity experts also stressed the importance of having a cyber insurance policy. “A A good cyber insurance policy can really help for some of these types of attacks that we are seeing,” Adams said. “It

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Housing Wire

JANUARY 13, 2022

The seller is not identified. MIAC, as exclusive representative for the seller, is pleased to offer for your review and consideration a $6.23 The seller is not identified in the offering, which indicates the deadline for final bids was Jan. Incenter Managing Director Tom Piercy would only say that the seller is a “nonbank.”.

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Mortgage Marketing Sellers Insurance 353

Housing Wire

MARCH 24, 2022

A HUD spokesperson denied the department has any intention of eliminating the use of these programs with FHA-insured mortgages. The tribal organizations argued the DPA programs do not pose undue risk to HUD, FHA or the Mutual Mortgage Insurance Fund. More than 39% of FHA loans had DPA in 2021, according to HUD.

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Housing Wire

APRIL 12, 2022

In return, the Samson agent is asked – not told, asked – to refer clients to Cardinal Title Group , a title insurer wholly owned by Samson. “I billion in 2021 sales volume, a 71% leap from 2020. The company totaled 20,210 in 2021 transaction sides (If you represent just one side of the deal, buyer or seller, that counts as a side).

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Brokerage Agents Real Estate Insurance 370

Housing Wire

MAY 24, 2023

According to the National Association of Realtors’ 2023 Home Buyers and Sellers Generational Trends Report, approximately one in four homebuyers today are first-time buyers. Additionally, the number of reported victims has slowly risen from 19,954 in 2021 to 21,832 in 2022. billion in reported losses in 2022.

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Real Estate Buyers Real Estate Agent Sellers 355

Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. Yet help might be on the way.

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Business Finance Buyers Lending 394

Housing Wire

DECEMBER 22, 2020

Are you planning to buy a home in 2021? It shows the seller you’re serious about their property, and usually amounts to about 2% of the home price. If you back out of the deal, the seller gets to keep it. If you back out of the deal, the seller gets to keep it. Fixed-rate mortgage. You’re not alone.

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Mortgage Property Taxes Loan Officers Sellers 414

Housing Wire

MAY 24, 2023

” The sellers’ side As affordability is still an issue, originations will decline and affect the supply of MBS, panelists said. The MBA estimates that volumes will decline from the $4 trillion level in 2020 and 2021 to less than $1.8 trillion this year. Last year, it was about $535 billion,” Curro said.

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Marketing Insurance Investors Mortgage 317

Housing Wire

JUNE 27, 2023

Bush and a vice president at Goldman Sachs before starting at the lender in 2021, listed several alleged violations related to lending practices. In its seventh securitization on June 14, The Change Company attracted 16 investors to a $306 million offering, including money managers, banks, insurance companies, and private funds.

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Investors Law Insurance Lending 305

Housing Wire

MAY 10, 2023

This is the smallest 12 month increase since the year ending April 2021 and the 10th consecutive month of declines. Indexes that contributed to the annual increase were food (+7.7%), motor vehicle insurance (+15.5%), household furnishings and operations (+5.3%), recreation (+5.0%), and new vehicles (+5.4%). compared to April 2022.

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Housing Market Insurance Realtors Buyers 341

Housing Wire

MAY 28, 2023

Louis Fed : Initial claims for unemployment insurance benefits increased by 4,000 in the week ended May 20, to 229,000. In 2022, when the housing market was dealing with a sharp move higher in mortgage rates, the new listing data grew higher than the same week in 2021. From the St.

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Housing Market Mortgage Marketing Inventory 487

Housing Wire

JANUARY 12, 2023

That is the smallest 12-month increase since the year ending in October 2021, according to data released Thursday by the Bureau of Labor Statistics (BLS). A slowdown in the pace of inflation is welcome news after the Federal Reserve raised interest rates to the highest level in over a decade. The Consumer Price Index (CPI) rose by 6.5%

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Sellers Buyers Insurance Housing Market 305

Housing Wire

DECEMBER 28, 2023

The year] 2020 and 2021 was all about how quickly a lender could execute. mortgages were originated in 2020 or 2021, when the pandemic drove borrowing costs to historic lows. Sellers are funding temporary rate buydowns but It’s really kind of a case by case. According to Black Knight data, 40% of all U.S.

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Housing Wire

APRIL 1, 2024

There’s a lot more capital in the picture — in particular, insurance capital — which needs the rating for them to buy the bond,” Matthews said. “So, To put a sense of scale on that, insurance capital is about $8 trillion, and about half of that goes into the bond world.” So, the rating just opens up this massive world.

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Finance Investing Real Estate Agent Real Estate 370