Housing Wire

AUGUST 9, 2023

Even with the uncertainty of where the housing market and mortgage rates are headed in the next few months, Nolan said this underlying demand makes him feel cautiously optimistic about the future of the real estate industry as a whole. While the title segment’s revenue dropped 27% year over year to $1.9

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Insurance Housing Market Inventory Real Estate 370

Housing Wire

OCTOBER 26, 2023

Thursday was a big day for title firm earnings, with three of the Big Four title insurers reporting their third-quarter 2023 earnings. The day began with Stewart’s Q3 2023 earnings call with investors and analysts. million in Q3 2022 to $14.0 million in Q3 2022 to $14.0 million net income in Q3 2022.

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Insurance Business Real Estate Investors 398

Housing Wire

APRIL 28, 2023

For Old Republic , the softer market results in total revenue falling from $2.207 billion in Q1 2022 to $1.759 billion in Q1 2023. The title segment also saw its pretax operating income fall from $81 million during the first quarter of 2022 to $17 million in the first quarter of this year. million, compared to $306.3

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Housing Wire

APRIL 29, 2022

While other “big four” title insurers discussed the “transitional period” in the housing market during their first quarter 2022 earnings calls with investors, Old Republic International Corp. ’s During the first quarter of 2022 , Old Republic generated a total revenue of $2 billion, up slightly from $1.98

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Housing Wire

FEBRUARY 10, 2023

After a quarter characterized by weakening homebuyer demand and some of the highest mortgage rates seen in decade, it was no surprise that Stewart and First American recorded weaker financial results in the fourth quarter of 2022 compared to the same quarter a year ago. At Stewart , Q4 revenue came in at $665.9 million, down from $961.7

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Buyers Housing Market Investors Insurance 366

Housing Wire

JULY 28, 2023

Despite recording stronger financial results during the second quarter of 2023 than the first, executives at both First American Financial and Old Republic did their fair share of bellyaching over current housing market conditions during their firms’ Q2 2023 earnings calls on Thursday. “We billion and $138.5 million in net income.

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Insurance Investors Development Housing Market 365

Housing Wire

APRIL 10, 2023

While purchase locks showed significant improvement month over month, the volume is 40% down compared to March 2022. That, combined with a recent reduction in FHA mortgage insurance premiums and a mid-month increase in the FHA-to-conforming spread, made FHA loans comparatively more attractive,” Walden said.

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Marketing Insurance Housing Market Mortgage 383

Housing Wire

MARCH 15, 2023

The Company still maintains fully insured custodial deposit accounts at Signature,” the document says. “We It is now controlled by the Federal Deposit Insurance Corporation (FDIC). But in 2022, the lender originated just $53.7 million in cash on hand at the end of 2022, down 24.5% loanDepot share was trading at $1.78

Insurance 370

Insurance Investors Real Estate Mortgage 370

Housing Wire

MAY 11, 2022

Title insurers big and small can’t seem to escape rapidly deflating refinance volume, but Fidelity National Financial still pulled out the second-best quarter ever for title revenue in Q1 2022. A total of 522,000 direct title orders were opened during Q1 2022 compared to 770,000 direct title orders a year prior.

Insurance 383

Insurance Investors Marketing Clients 383

Housing Wire

MAY 4, 2023

The slower housing market at the start of the year was not enough to prevent Fidelity National Financial from turning a profit. During the first quarter of 2023, the Big Four title insurer reported revenue of $2.474 billion, down from $3.167 billion in Q1 2022, and a net income of $59 million compared to $400 million a year prior.

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Insurance Buyers Business Sellers 383

Housing Wire

JULY 28, 2022

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. Up until now, Xactus obtained data from third parties. Servicers, are you prepared for hurricane season? Presented by: ServiceLink.

Insurance 369

Insurance Clients Modernization Technology 369

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

Marketing 427

Marketing Mortgage Investors Sellers 427

Housing Wire

JULY 27, 2023

Rising consumer confidence often leads to greater spending, which could drive more consumers into the housing market.” In addition, the spread between the 10-year Treasury and the 30-year fixed rate mortgage is poised to widen as uneasy investors might keep the risk premium elevated. million in June 2022.

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Mortgage Property Taxes Housing Market Buyers 369

Housing Wire

NOVEMBER 10, 2023

Affluent Americans (or investors) are the only ones who can bypass the sting of high mortgage rates by paying all cash. That’s the highest down-payment percentage since June 2022. In September, government-insured FHA loans represented a little over 15% of U.S. mortgaged home sales, up from 14% a year earlier but down from 16.3%

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Housing Wire

SEPTEMBER 22, 2022

The decision was expected by most Fed observers , and comes as mortgage lenders and real estate brokerages struggle to adjust to a Fed-driven slowdown of the housing market. . Rate hikes also impact real estate investors. “Russia’s war against Ukraine is causing tremendous human and economic hardship.

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Real Estate Housing Market Mortgage Brokerage 389

Housing Wire

NOVEMBER 11, 2022

Even though revenue is down and open title orders are down from last year, there’s a silver lining for Big Four title insurance firm Fidelity National Financial : it’s still in line with business in 2019, one of the best years on record. And the pipeline is still good,” Mike Nolan, Fidelity’s CEO, told investors. “If

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Insurance Business Investors Housing Market 370

Housing Wire

NOVEMBER 10, 2023

Fidelity National Financial finished out third-quarter earnings reporting for the Big Four title firms this week, hosting its earnings call with investors and analysts Wednesday morning. year-over-year drop in revenue to $2.778 billion, while pre-tax earnings were up from $503 million in Q3 2022 to $603 million in Q3 2023.

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Investors Retail Government Mortgage 406

Housing Wire

JULY 6, 2023

Better.com also spilled red ink in both 2022 and 2021, reporting a net loss of $888.8 The lender funded 2,347 loans in Q1 2023, a decline of 87% compared to 18,559 loans funded in Q1 2022. 31, 2022, a decrease of 81% from 153,843 for the year ending on Dec. 31, 2022, a decrease of 81% from 153,843 for the year ending on Dec.

Real Estate 370

Real Estate Agents Business Mortgage 370

Housing Wire

MARCH 9, 2022

On a call with investors Tuesday evening, CEO Josh Harley said the firm is looking to achieve profitability “in the near future.”. “A Harley and Fregenal also cited Fathom’s growing mortgage, technology and title insurance sectors as sources of profitability in the future. In 2020, flat-fee absolutist Fathom lost $1.3

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Inventory Brokerage Realty Real Estate 370

Housing Wire

JANUARY 26, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. It’s simply a matter of adjusting your investment strategy to optimize current market conditions. 2022 Forecast series. What are the drivers of housing demand in 2022?

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Real Estate Investors Inventory Business 427

Housing Wire

FEBRUARY 24, 2022

During large-scale disruptions, investors often flee to safer options, such as U.S. While mortgage rates trended upward in 2022, one unintended side effect of global uncertainty is that it often results in downward pressure on mortgage rates,” said Odeta Kushi, deputy chief economist of title insurance firm First American.

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Mortgage Insurance Investors Housing Market 469

Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. 00:02:50] Peaking into the Fall 2022 Austin housing market. Episode highlights.

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Housing Market Real Estate Marketing Buyers 36

Housing Wire

MAY 23, 2022

Secondary market rates, yields on mortgage-backed securities, are determined by factors that influence the supply and demand of these securities. The primary mortgage market is intensely competitive, as I highlighted in a column earlier this year. Lenders are essentially price-takers in this market.

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Insurance Government Mortgage Marketing 395

Housing Wire

APRIL 14, 2022

How that policy of shrinking the Fed’s MBS holdings will ultimately shake out short-term in the mortgage origination and secondary markets as it is played out, she said, is simply not knowable at this point, however. “It’s You don’t know what investor demand is going to be. in 2009 to 1.9%

Marketing 406

Marketing Investors Government Investing 406

Housing Wire

AUGUST 25, 2022

It comes at a time in which the housing market favors buyers and seller concessions become more frequent. The new products complement UWM’s “Game On” initiative , a cut-rate pricing strategy devised to grow market share with purchase buyers. According to Black Knight , at the end of the second quarter 2022, the average U.S.

Mortgage 395

Mortgage Loan Officers Finance Investors 395

Housing Wire

OCTOBER 7, 2022

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. The lender recorded a net loss of nearly $1.9

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Supply Chain Mortgage Investors Business 395

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. A potential pause on the Federal Reserve’s federal funds rate hikes may bring borrowers on the sidelines back to the market, as mortgage rates could fall even further. The recent crisis impacted homebuyers in different ways.

Mortgage 370

Mortgage Clients Retail Marketing 370

Housing Wire

JANUARY 10, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Sellers saw a market where their homes sold quickly and often above list price as multiple buyers competed to have the winning bid. . for 30-year fixed-rate loans.

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Housing Market Marketing Construction Inventory 545

Housing Wire

MAY 2, 2022

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. The impact on housing markets. Additionally, after a decline at the end of 2021, we continue to see elevated levels of investor activity in 2022.

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Housing Market Marketing Buyers Inventory 383

Housing Wire

SEPTEMBER 14, 2023

Department of Housing and Urban Development ( HUD ) called FHA Connection, a database used to insure and generate FHA case numbers associated with the borrower’s home loan application. of the entire mortgage origination volume, up from 18% in Q2 2022, according to data compiled by Inside Mortgage Finance and Urban Institute.

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Loan Officers Mortgage Finance Clients 395

Housing Wire

SEPTEMBER 16, 2021

by the end of 2021, and likely dropping below 4% by the end of 2022. The forbearance data are tracked by investor category (Fannie/Freddie, Ginnie, Portfolio/PLS) and servicer category (IMB, depository). Our forecast is for the unemployment rate to continue to decline, reaching 4.5% This represents about 1.5 million homeowners.

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Mortgage Inventory Investors Design 481

Empire Appraisal Group

AUGUST 3, 2023

Hurricanes present unique housing market events. Their immediate impact on the local real estate market is harsh, but investors often rush in and the number of real estate transactions bounces back and often increases.

Real Estate 78

Real Estate New Listings Real Estate Agent Insurance 78

Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We We didn’t call it a bear market, but we did call it a lack of liquidity, which I think is more accurate,” said L.D. In 2023, the landscape for home flipping across the U.S.

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Investors Marketing Inventory Real Estate 454

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. We believe the bill won’t come due in 2021 and potentially not in 2022 either.

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Housing Market Marketing Real Estate Realtors 68

Housing Wire

DECEMBER 20, 2021

.” According to consumer protection lawyers, advocates, and housing counselors, the expectation is that some state programs will be up and running sometime in the first quarter of 2022. The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead.

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Mortgage Government Contracts Insurance 393

Housing Wire

JUNE 27, 2022

Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms. But any market that pushes some businesses to the brink of insolvency also will create opportunities for others. The culling.

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Housing Market Marketing Brokerage Real Estate 437

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. Investors who need a value of a home before and after the proposed repairs are made, sometimes use appraisers. I have seen a slowdown in my lending work also.

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Business Appraisal Real Estate Agent Clients 393