Appraisal Buzz

MAY 6, 2024

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters.

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HOA Insurance Legal Fees Valuation 370

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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HOA Law Insurance New Listings 472

Housing Wire

APRIL 14, 2023

First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership. According to the Urban Institute , conventional, privately insured mortgages experience lower loss severity than GSE loans without private MI despite their higher loan-to-value (LTV) ratios.

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Finance Buyers Insurance Housing Market 348

Housing Wire

APRIL 23, 2024

The HousingWire Marketing Leaders award recognizes outstanding professionals who have demonstrated excellence in marketing within mortgage and real estate. Julie Pierson-Fields , Vice President of Marketing, has excelled at directing and implementing marketing strategies for all Fathom Holdings, Inc.

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Marketing Project Management Advertising Real Estate 338

Housing Wire

JANUARY 19, 2023

After years of historic growth, the housing market is beginning to normalize. While some are using the current market uncertainty as an opportunity to promote products that offer less protection under the illusion of saving consumers money, now is not the time to start embracing shortcuts to well-established processes and products.

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Insurance HOA Real Estate Law 438

Housing Wire

MAY 31, 2023

housing market is not a monolith, so today we’re going to look at some markets where affordability is within the normal renter’s reach. In a study published this week, First American economist Ksenia Potapov analyzed the share of homes that are affordable to the median renter in any given market. But the U.S.

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Insurance Clients Marketing Housing Market 342

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).

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Finance Real Estate Agent Real Estate Insurance 437

Housing Wire

AUGUST 10, 2023

Increasing wildfire risk resulting from climate change is a growing problem for insurers and homebuyers in affected areas, particularly California, according to a new report from data provider CoreLogic. CoreLogic said insurers’ models should account for the current risk landscape, including climate change considerations.

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Insurance Construction Realtors Development 332

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

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Development Appraisal Property Appraisal Insurance 329

Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. FHFA was comfortable approving VantageScore 4.0

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Legal Mortgage Contracts Insurance 368

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 309

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. The only guy who isn’t affected by interest rate growth right now is someone who is buying a million-dollar house, putting down 25% to 30%,” Westcott said.

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Insurance Loan Officers Sellers Mortgage 367

Housing Wire

SEPTEMBER 25, 2023

“For things like homeowner’s insurance, title insurance, and Realtors, we’ve now just become a marketplace. We partner with best-in-class agents, insurance companies and title companies,” Better CEO Vishal Garg said in an interview with HousingWire in August.

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Insurance Technology Finance Mortgage 407

Housing Wire

NOVEMBER 15, 2022

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) noted in a briefing on Tuesday that it managed to record another banner year for the Mutual Mortgage Insurance (MMI) Fund. We are not announcing a mortgage insurance premium change today,” Gordon said. “I

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Insurance Mortgage Development Housing Market 385

Housing Wire

SEPTEMBER 25, 2023

Embedded with Curinos’ comprehensive dataset, Polly is currently in development with a suite of competitive data and analytics that will layer into its end-to-end capital markets platform. Since its launch in 2019, the California fintech company has raised about $57 million in three rounds of funding.

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Technology Insurance Mortgage Lending 309

Housing Wire

JUNE 6, 2022

In a letter to the FHA , Sharon Whitaker, vice president of the ABA, said the 40-year loan modification will help borrowers retain their homes after default and help mitigate losses to FHA’s Mutual Mortgage Insurance Fund. Lunch & Learn: Should there be a 40 year mortgage? But it’s not just a benefit to borrowers.

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Insurance Mortgage Realtors Housing Market 414

Housing Wire

OCTOBER 28, 2022

02 Marketing Leaders Success Summit: How I Earned 100k Followers & Other Social Media Lessons. 03 Marketing Leaders Success Summit: The Future of Marketing. Speakers: Sandra Thompson, Director, Federal Housing Finance Agency Sarah Wheeler, Editor in Chief, HW Media. 05 Housing Market Super Session.

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Lending Development Finance Technology 382

Housing Wire

MAY 14, 2024

Another development in the focus on first-time homebuyers is CFPB’s recent announcement that it was going after junk fees and other non-competitive practices in the mortgage loan process. While some criticized this announcement, CHLA applauded it.

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Sellers Realty Insurance Realtors 289

Housing Wire

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

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Insurance Investors Design Finance 302

Housing Wire

NOVEMBER 11, 2021

With renewed attention towards the manufactured housing space, the FHA moved this week to provide updated guidance to its Title I loan program, making it easier to understand and use for lenders. The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.).

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Finance Valuation Insurance Lending 442

Housing Wire

APRIL 26, 2023

Smart pandemic policies like this stabilized the housing market and, by extension, the economy when it was most needed, and today’s challenging market has emphasized the need for further policy reform as servicers expand their loss mitigation toolkits to keep homeowners in their homes.

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Insurance Mortgage Government Investors 325

Housing Wire

MARCH 4, 2022

The title insurance business is complex, but leveraging technology to bring the process of closing a mortgage into this century seemed to be an easy decision. Greg’s practice was always to find someone with the most potential to be successful and the most capable of developing solutions and growing from any challenges.

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Real Estate Technology Insurance Buyers 368

Housing Wire

SEPTEMBER 10, 2021

The OCC also alleged that the bank’s auto-lending unit improperly maintained collateral protection insurance policies on automobile loan accounts. As the housing market changes, so does lending fraud. However, it seems that the bank did not check all the boxes that were required by the OCC.

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Lending Housing Market Retail Mortgage 450

Housing Wire

NOVEMBER 15, 2021

The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances and FHA’s Annual Report to Congress, both released Monday morning.

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Mortgage Insurance Finance Development 339

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. Although DeGiorgio said the firm would be “sharpening [its] focus in expense management” due to the market transition, he noted that they would continue to invest in and develop First American’s technology. “We

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Insurance Investing Marketing Business 362

Housing Wire

OCTOBER 4, 2022

Each year, the HousingWire Vanguards represent an elite group of industry executives who are moving the housing market forward. Matic Insurance. Chief Business Development. Enact Mortgage Insurance. But these industry veterans didn’t fall into these roles overnight. Visionet Systems. Andy Pollock. Anchor Loans.

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Human Resources Lending Real Estate Technology 398

Housing Wire

MAY 10, 2022

In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). The Hill case is not a common occurrence in the world of housing finance, but it is far from rare. Hill also was accused of defrauding his employer out of $480,000 in sales commissions.

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Mortgage Marketing Finance Insurance 387

Housing Wire

NOVEMBER 6, 2020

“That said, there was an increase in the number of workers with part-time spots who wanted full-time work, an indication that people are making tough choices to go back to work because enhanced unemployment insurance benefits have ended.”. But despite residential construction employment climbing back to only 0.8%

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Construction Housing Market Retail Business 339

Appraisal Buzz

SEPTEMBER 26, 2022

Entering the housing market today is challenging for many homeowners. These developed skinny towers as luxury condominiums. Less restrictive laws reduce developing costs and help with labor shortages, balancing prices in turn. Easing restrictions on converting hotels and offices to housing.

Construction 195

Construction Supply Chain Buyers Retail 195

Housing Wire

SEPTEMBER 5, 2023

TB: It seems like each mortgage process should be relatively standardized because we’re manufacturing loans — the vast majority of which will be purchased by the two GSEs or insured by FHA , VA or USDA. And then closing as fast as possible because we’re still in a tight housing market with tight inventory.

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Technology Mortgage Tools Insurance 358

Housing Wire

AUGUST 23, 2023

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. I’ve gone through extensive coaching and professional development,” he said.

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Realtors Technology Insurance Mortgage 364

Housing Wire

JANUARY 13, 2023

That, in turn, could lead to improved liquidity outlets for loans secured by single-family investment properties — through the private-label securitization (PLS) market and via insurers, pension funds and other institutional investors that hold loans or mortgage-backed securities in portfolio. . Empty sails in single-family.

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Marketing Investing Investors Landlords 410

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

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Clients Agents Buyers Sellers 389

Housing Wire

MAY 23, 2022

The 2022 housing market has been underscored by interest rate spikes and refi decline and lenders are working hard to adjust to new borrower trends. ServiceLink provides the technology to keep the process efficient and keep in-house costs down while helping lenders reduce the time it takes to close a loan.

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Technology Clients Housing Market Training 343

Housing Wire

MARCH 20, 2024

Let’s delve into the potential negative consequences of diminishing or eliminating buyer representation, underscoring why this development matters more than ever in today’s real estate market. The unintended consequences of eliminating buyer agency 1. For these buyers, every dollar matters.

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Real Estate Buyers Agents Sellers 471

Housing Wire

JUNE 29, 2021

As our growing population and associated residential development expands into higher natural hazard risk areas—thus increasing the number of homes in those areas—an increasing number of properties are becoming more exposed to climate change risk. The post Are higher-risk homes cheaper?

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Home Value Development Valuation Insurance 222

Cleveland Appraisal Blog

OCTOBER 29, 2021

Ideally, they should be comparable in terms of age condition, quality of construction, market appeal, and we must also ensure that these properties have no functional or external obsolescence because these things can impact the rate of depreciation of a property. We’ve just developed the total economic life for one of the sales.

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Appraisal Development Finance Lending 365