Housing Wire

FEBRUARY 1, 2024

There are several factors to cite but I want to highlight a key area that may be taken for granted — that not everyone receives a fair home appraisal. Stifled The Fair Housing Center of Metropolitan Detroit shared that loan denial rates in Detroit, due to the appraised value of a home (a.k.a. I hope you will join me.

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Appraisal Buzz

DECEMBER 2, 2021

The post Mortgage Insurance Deduction Legislation Introduced appeared first on theMReport.com. The post Mortgage Insurance Deduction Legislation Introduced appeared first on Appraisal Buzz. New bipartisan measure aims to make permanent a deduction for MI premium payments for middle-class homeowners.

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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. Previously … The post Analyzing FEMA’s Flood Insurance Revisions appeared first on DSNews. which changes how risk is assessed to homeowners.

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Appraisal Buzz

JUNE 22, 2021

Panel examines mitigating flood risk through the National Flood Insurance Program and new pricing methodology as a result of Risk Rating 2.0. The post Senate Hearing Addresses Flood Insurance appeared first on DSNews. The post Senate Hearing Addresses Flood Insurance appeared first on Appraisal Buzz.

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Appraisal Buzz

NOVEMBER 29, 2021

Securent , a provider of comprehensive risk management and insurance programs for mortgage and mortgage-backed securities (MBS) stakeholders, has launched. The post Securent, a SitusAMC Insurance Services Branch, Launches appeared first on Appraisal Buzz.

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Appraisal Buzz

SEPTEMBER 27, 2022

Fannie Mae has executed its ninth Credit Insurance Risk Transfer (CIRT) transactions of 2022. CIRTs are part of the GSEs’ ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, as CIRT 2022-7 and CIRT 2022-8 transferred $1 billion of mortgage credit risk to private insurers and reinsurers.

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Appraisal Buzz

JUNE 27, 2022

The post Senate Committee Examines the National Flood Insurance Program appeared first on DSNews. The post Senate Committee Examines the National Flood Insurance Program appeared first on Appraisal Buzz. A recent Senate Banking Committee hearing discussed the impending expiration of the NFIP, a measure that provides $1.3

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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. Why use several vendors for title searches, appraisals and underwriting when you can use one? Cooper’s original name prior to rebranding) in 2015.

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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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Appraisal Buzz

SEPTEMBER 13, 2021

The post Title Insurance Premiums Reach Historic Volume appeared first on DSNews. The post Title Insurance Premiums Reach Historic Volume appeared first on Appraisal Buzz. The strong purchase market, continued home appreciation, and other factors helped drive a 56% increase, according to the American Land Title Association CEO.

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Appraisal Buzz

DECEMBER 13, 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. Q3 operating income totals for the title industry hit all-time highs, up more than 50% in 2021.

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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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Appraisal Buzz

FEBRUARY 17, 2022

The post Where Do Homeowners Pay the Most for Insurance? The post Where Do Homeowners Pay the Most for Insurance? appeared first on Appraisal Buzz. A new report reveals Americans spend an average of $2,148 for a homeowners policy of $500,000. appeared first on DSNews.

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Appraisal Buzz

DECEMBER 3, 2021

As extreme weather becomes the norm, home insurance may become increasingly unaffordable—or simply unattainable for homeowners in some regions. The post The Home Insurance Forecast appeared first on DSNews. The post The Home Insurance Forecast appeared first on Appraisal Buzz.

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Appraisal Buzz

AUGUST 26, 2021

The post Fitch Ratings: Title Insurers to Exceed Expectations appeared first on DSNews. The post Fitch Ratings: Title Insurers to Exceed Expectations appeared first on Appraisal Buzz. However, analysts warn of downside risk to the broader economy especially in light of the most recent surge in pandemic-related disruptions.

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Appraisal Buzz

NOVEMBER 30, 2021

Winter storms in Texas, for example, accounted for 40% … The post Natural Disasters are Pushing Up Insurance Rates appeared first on DSNews. The post Natural Disasters are Pushing Up Insurance Rates appeared first on Appraisal Buzz.

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Appraisal Buzz

MARCH 18, 2022

Cassidy and Gillibrand introduce the Flood Insurance Pricing Transparency Act that will require FEMA to publish the formulas used to calculate mitigation credits for policyholders under Risk Rating 2.0. The post Bipartisan Measure Introduced to Bring Transparency to Flood Insurance Pricing appeared first on DSNews.

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Appraisal Buzz

APRIL 6, 2022

Insurance Office of America (IOA) is integrating SimplyIOA, an insurtech company with a fully integrated digital platform for comparing, quoting and purchasing homeowners insurance online quickly. The post Insurance Office of America’s SimplyIOA Platform Designed for Mortgage Industry appeared first on Appraisal Buzz.

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Appraisal Buzz

MARCH 23, 2022

Fannie Mae has announced the execution of its second and third Credit Insurance Risk Transfer (CIRT) transactions of 2022. billion of mortgage credit risk to … The post CIRT Transfers Nearly $2B of Mortgage Credit Risk To Insurers appeared first on DSNews.

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Appraisal Buzz

SEPTEMBER 16, 2021

The post WFG National Title Insurance Company Hires New VP appeared first on DSNews. The post WFG National Title Insurance Company Hires New VP appeared first on Appraisal Buzz. Jason Vasek appointed VP of Strategic Growth to expand the company’s presence in the southern Texas market. .

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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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Appraisal Buzz

OCTOBER 1, 2021

A fire can be one of the worst days of a homeowner’s life—not only could it take years to recover emotionally from losing everything you own—it can be financially devastating, even after an insurance payout. The post How Much Does Home Insurance Rise After a Fire? appeared first on Appraisal Buzz. appeared first on DSNews.

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Appraisal Buzz

FEBRUARY 15, 2022

Author’s Note: This article is written to help real estate appraisers better understand errors and omissions insurance. And so on … The technical jargon of the insurance industry can be confusing to lay people. And so on … The technical jargon of the insurance industry can be confusing to lay people.

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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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Appraisal Buzz

MAY 26, 2022

As inflation grips the country, the price of everything has been going up and home insurance is no exception. According to QuoteWizard, an online insurance marketplace and subsidiary of LendingTree, rates have increased at least 34% in some areas of the country as revealed in their new State of Home Insurance Report.

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Appraisal Buzz

SEPTEMBER 14, 2022

In a letter to the White House, NAR, the MBA, NAHB and MHI have submitted a letter asking for the FHA to cut its mortgage insurance premium by helping increase wealth nationwide. The post Trade Groups Seek FHA Mortgage Insurance Premium Reduction appeared first on DSNews.

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Appraisal Buzz

AUGUST 18, 2021

The post Insuring a Tiny Home appeared first on DSNews. The post Insuring a Tiny Home appeared first on Appraisal Buzz. Safeguarding a little house in Oklahoma or Kansas is pricier than in less disaster-prone regions, but it is still 95% less than covering a larger residence.

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Appraisal Buzz

MAY 6, 2024

Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are now allowing home appraisals to get a second look when bias is suspected in the appraisal process.

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Appraisal Buzz

MAY 11, 2022

The Great Recession, now 15 years behind us, and its impacts on homeownership and insurance markets are still being felt today. This is according to a new report from the credit bureau TransUnion, who also found that migration patterns are increasingly becoming out-of-state, which poses risks to insurance providers books.

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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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Appraisal Buzz

AUGUST 2, 2022

The post House Passes Act to Expand Wildfire Insurance Coverage appeared first on DSNews. The post House Passes Act to Expand Wildfire Insurance Coverage appeared first on Appraisal Buzz. House passage of new measure includes legislation to study the impact of wildfires, and explore more ways to protect homeowners.

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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. Mortgage lending work is only one type of business where appraisals are needed. Mortgage lending work is only one type of business where appraisals are needed.

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Appraisal Buzz

NOVEMBER 16, 2021

The post Op-Ed: FHA Should Stay the Course for Mortgage Insurance Premiums appeared first on theMReport.com. The post Op-Ed: FHA Should Stay the Course for Mortgage Insurance Premiums appeared first on Appraisal Buzz.

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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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Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Made to order.

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Appraisal Buzz

APRIL 26, 2022

which is changing up where and how much people are being charged for flood insurance, is impacting Texas and Florida the hardest. raises flood insurance premiums on those who depend on NFIP to protect their homes from natural disasters through … The post Florida, Texas, Most Likely to see Flood Insurance Hikes appeared first on DSNews.

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Appraisal Buzz

MAY 16, 2022

Polly , a provider of SaaS technology for the mortgage capital markets space, has been integrated by six primary mortgage insurance (MI) providers: Arch MI, Enact, Essent, MGIC, National MI and Radian. The post Six Providers Integrate Polly’s Streamlining Mortgage Insurance Technology appeared first on Appraisal Buzz.

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