Housing Wire

JANUARY 31, 2024

Despite cooling interest rates , the title insurance segment at Big Four title firm Old Republic recorded a 22.8% compared to 2022, and a pretax income of $133.5 As we have discussed on previous earning calls, 2023 was a challenging real estate market ,” Carolyn Monroe, the president and CEO of Old Republic National Title Holding Co.

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Housing Wire

MAY 16, 2022

In 2022’s changing market, non-QM has been a hot topic for many. HousingWire recently caught up with Steven Schwalb, managing partner of Angel Oak Lending, about the changes investor appetite has gone though for non-QM. HousingWire: What is the investor appetite for non-QM and how has that changed over the past few years?

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Housing Wire

FEBRUARY 23, 2023

Despite the closed title purchase order volume dropping 36% year over year and the number of closed refinance orders dropping 79% compared to the fourth quarter of 2021, Fidelity National Financial still managed to record a strong Q4 in 2022. For the full year 2022, Fidelity’s title segment recorded revenue of $9.5

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Marketing Business Insurance Mortgage 370

Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. The firm generated $2 billion in total revenue during the first quarter of 2022, unchanged from a year ago. The Guide to Accelerating Closings in 2022. Net income, however, was a different story.

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Housing Wire

OCTOBER 11, 2023

The alarming data underscores why housing professionals need to understand the financial impact of climate change on the real estate industry, George Gallagher, senior leader and principal of ESG, climate risk, natural hazard and spatial solutions at CoreLogic told attendees during a session at HousingWire Annual on Wednesday.

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Real Estate Insurance Investors Law 437

Housing Wire

FEBRUARY 13, 2024

Of the $1 billion total, $730 billion has been deployed since 2022, and the company has issued more than 10,000 HEIs in total as of January. homeowners with outstanding mortgages, or some 63% of all homes, equity tied up in real estate jumped by 6.8% are some of the partners who help Hometap fund its home equity investments.

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Investing Renovations Tools Real Estate 399

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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Insurance Real Estate Inventory Investors 382

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

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Insurance Investors Real Estate Mortgage 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 405

Housing Wire

APRIL 4, 2023

million in a seed round, the Miami-based cryptocurrency lending platform announced on Tuesday that it launched a product that allows investors in Bitcoin, Ethereum and USDC to use their assets to secure funding for real estate purchases. “The use case for crypto has to go beyond investment potential.

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Mortgage Investors Retail Investing 383

Housing Wire

NOVEMBER 30, 2022

Nominations for HousingWire’s TECH100 award are now open through Friday, December 23, 2022. Each year, the TECH100 awards recognize the 200 most influential tech companies in mortgage and real estate that are working to improve the housing industry through tech innovation. Click here to nominate your organization.

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Real Estate Insurance Technology Lending 370

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.

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Real Estate Agents Business Mortgage 370

Housing Wire

DECEMBER 14, 2023

The fees paid to the mortgage-backed security (MBS) investor and lender are next with the accumulated cost of the annual interest payments made to the investor(s) that purchased the MBS bond containing the mortgage, and the lender’s net origination charges at closing plus the accumulated value of the excess interest the lender charges for profit.

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Insurance Property Taxes Buyers Investors 427

Housing Wire

FEBRUARY 9, 2023

Regarding Smart Rate, Rehwinkel added that the department was concerned that not all pertinent information had been provided regarding the owner’s background in the industry, “including but not limited to the owner’s experience with real estate finance.” Strauss’s MLO license in the state was issued on December 28.

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Real Estate Investors Finance Mortgage 370

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 28, 2021

In 2021, Floify’s software, which streamlines the loan origination process by allowing document sharing, and communication between LOs and real estate agents, has helped over 77,000 mortgage applications close each month, according to Porch. Investors reacted positively to the acquisition, with shares increasing by 12% to $19.93

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Mortgage Logistics Insurance Real Estate Agent 395

Housing Wire

APRIL 6, 2023

Strauss is returning to the industry after being accused of abruptly shutting down lender Sprout Mortgage in July 2022 without paying former employees’ salaries and severance packages. The company received a residential mortgage broker license in Illinois on November 1, 2022. Strauss founded Sprout six years after paying $2.45

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Investors Mortgage Insurance Real Estate 379

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?

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Insurance Clients Modernization Technology 370

Housing Wire

MARCH 9, 2022

the M&A-hungry parent of cloud-based real estate brokerage Fathom Realty , achieved supercharged growth in 2021. On a call with investors Tuesday evening, CEO Josh Harley said the firm is looking to achieve profitability “in the near future.”. “A Fathom Holdings Inc. , Core services to bring profitability.

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Inventory Brokerage Realty Real Estate 370

Empire Appraisal Group

AUGUST 3, 2023

NEWS & MEDIA Bilanol/Getty Images Plus Source: [link] Study: Real Estate Hot in Hurricane Ian-Hit Areas By Kerry Smith Storms rarely have a long-term effect on the local real estate market. © 2023 Florida Realtors® The post Study: Real Estate Hot in Hurricane Ian-Hit Areas appeared first on Empire Appraisal Group.

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Real Estate New Listings Real Estate Agent Insurance 78

Housing Wire

FEBRUARY 19, 2024

Conversely, slowing home price appreciation can help accelerate the rate of lost equity as it did in 2022, when distressed homeowners lost an average of $1,453 a month. That’s because the unpaid loan balance continues to grow for delinquent mortgages due to unpaid interest, property taxes and insurance.

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Real Estate Property Taxes Insurance Government 437

Housing Wire

JULY 21, 2023

Related to its goal of achieving profitability , title insurer Doma announced Thursday that it had sold its title operations in Texas, Minnesota, Wisconsin, Illinois and Indiana to two different companies. million in Q1 2022. The financial terms of the deals were not disclosed. During Q1 , Doma recorded a 33.7% million from $44.90

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Insurance Clients Retail Real Estate 370

Housing Wire

JULY 28, 2023

We posted good results in the second quarter given the continuing market headwinds ,” Ken DeGiorgio, the CEO of First American , told investors and analyst’s during the firm’s second quarter earnings call. million in pretax income recorded during the second quarter of 2022. The title segment’s quarterly revenue of $1.53

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Insurance Investors Development Housing Market 369

Housing Wire

FEBRUARY 21, 2023

We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If Opendoor lost an average of $6,000 on Q4 2022 flips, down from an average gain of nearly $16,000 per property for homes flipped in Q4 2021.

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Housing Market Renovations Marketing Retail 383

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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Insurance Investors Housing Market Law 370

Housing Wire

AUGUST 2, 2022

First American Financial Corporation ’s digital closing platform firm Endpoint is now offering a suite of integrated title tools specifically designed for proptech companies, investors and tech-forward real estate organizations looking for a scalable digital closing platform. Presented by: Rently.

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Investors Real Estate Retail Clients 382

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. That’s the state of the real estate market as we move into the new year, so the answers to those questions will determine the fate of real estate investors in 2022.

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Real Estate Investors Inventory Business 427

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 369

Housing Wire

SEPTEMBER 10, 2021

Accomplice led the round with participation from repeat Orchard investors FirstMark , Revolution Growth , First American , Juxtapose and a syndicate of new investors. In 2022, following this latest round, the company said it will expand to four new markets. Last year, the company completed a $69 million series C funding round.

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Lending Insurance Investors Real Estate 407

Housing Wire

MARCH 23, 2022

Add Homepoint to the list of lenders entering the non-QM market in 2022 amid a fall in origination volume. . The wholesale lender is preparing to launch two non-qualified mortgage products this year, including bank statement and investor cash flow loans. million. . .”

Marketing 370

Marketing Investors Real Estate Insurance 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

FEBRUARY 24, 2022

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. On its fourth quarter earnings call with investors, Fidelity National Financial announced that its adjusted full-year net earnings came in at $2.3 billion for 2021, a 49% increase over a year prior. billion, with $1.0

Insurance 383

Insurance Investors Technology Development 383

Housing Wire

FEBRUARY 10, 2022

Despite this increase, First American’s newly appointed CEO , Ken DeGiorgio, said on an earnings call with investors that everyone at the company is proud of these achievements. billion in revenue from its title insurance and services segments, a 13% year-over-year increase. The post First American reports record breaking year?

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Insurance Investing Inventory Business 395

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 394

Housing Wire

MAY 2, 2024

Volatility in the Treasury market, which trades at a shifting spread below that of mortgage rates, also translates into uncertainty among housing market investors. Market observers say this normally leads to investor hesitancy and a tendency to keep more money parked on the sidelines.

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Marketing Mortgage Investors Sellers 427

Housing Wire

JUNE 1, 2022

With the current cost of origination, combined with higher interest rates and low housing inventory on the horizon, the MBA reports that 2022 is likely to see about a 30% decline in overall mortgage originations, as compared to 2021. It’s crucial that the title insurance industry urge progress and innovation in the digital closing space.

Insurance 407

Insurance Real Estate Agents Technology 407

Housing Wire

MAY 4, 2023

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. billion a year ago, and a net income of $128 million, a decline compared to $191 million in the first quarter of 2022.

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Insurance Buyers Business Sellers 383