Housing Wire

DECEMBER 16, 2022

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Title insurance is different than most other insurance products. Diane Tomb, ALTA CEO Contributor.

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Insurance Government Legal Fees Real Estate 464

Housing Wire

MAY 20, 2024

which includes numerous updates to its guidance for the Home Equity Conversion Mortgage (HECM) program overseen by the Federal Housing Administration (FHA). if the borrower “has received this income for the previous two years and it is reasonably likely to continue,” so long as required documentation is provided.

Reconsideration of Value 366

Reconsideration of Value Mortgage Inspection Insurance 366

Housing Wire

OCTOBER 2, 2023

Passage allows Congress to fund the government for 45 days, provide $16 billion in disaster assistance, and temporarily extend the National Flood Insurance Program. In the meantime, Congress continues to work on a long-term reauthorization of the program, the National Association of Realtors (NAR) said in an FAQ document released last week.

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Insurance Government Home Value Realtors 346

Housing Wire

MAY 26, 2022

A spokesperson from Department of Housing and Urban Development’s Office of Inspector General said that the loans funded were FHA-insured loans. The DOJ alleges Hernandez falsified borrower’s income by inflating monthly child support payments on mortgage loan applications. Her place of work was not disclosed.

Loan Officers 404

Loan Officers Clients Design Insurance 404

Housing Wire

MAY 16, 2022

Polly , a software-as-service mortgage technology firm that operates a loan-trading platform, integrated with six mortgage insurance providers to streamline the mortgage process for loan officers and mortgage lenders. . Polly raised about $57 million from three rounds of funding since its launch in 2019.

Insurance 334

Insurance Mortgage Investors Tools 334

Housing Wire

MARCH 9, 2022

International governance, risk and compliance giant Wolters Kluwer has inked a deal to acquire International Document Services (IDS) for $70 million in cash. IDS, currently owned by the Reynolds and Reynolds Company , is among the top providers of compliance and document generation software solutions for the mortgage and real estate industry.

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Lending Government Law Insurance 317

Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Insurance 506

Insurance Easement Real Estate Investing 506

Housing Wire

DECEMBER 26, 2022

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. On top of slowing purchase order volume, rising mortgage rates also decimated refinance orders.

Insurance 470

Insurance Bracketing Legal Business 470

Housing Wire

JULY 25, 2023

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”

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Housing Wire

MARCH 11, 2024

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. is a software development company that offers a digital loan origination system and POS for the mortgage industry.

Mortgage 370

Mortgage Loan Officers Real Estate Agent Design 370

Housing Wire

MAY 30, 2024

The Consumer Financial Protection Bureau (CFPB) on Thursday issued a new request for information (RFI) from the public concerning “fees charged by providers of mortgages and related settlement services,” according to the RFI document reviewed by HousingWire.

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Mortgage Government Finance Legal 330

Housing Wire

MARCH 12, 2024

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. Of that total, $220 billion is estimated for standard forward mortgages and $17.9 Within the congressional justifications for the U.S.

Mortgage 333

Mortgage Insurance Training Government 333

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. Violations identified vary across different stages of the loan process.

Brokerage 346

Brokerage Mortgage Development Insurance 346

Housing Wire

MAY 24, 2024

Congress sent a letter to the Federal Housing Finance Agency (FHFA) that opposes a plan for the government-sponsored enterprise (GSE) Freddie Mac to purchase and guarantee single-family, closed-end second mortgages. It’s only if you have a Freddie Mac first mortgage. Groups such as the Mortgage Bankers Association (MBA), the U.S.

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Mortgage Finance Insurance Government 371

Housing Wire

MARCH 8, 2024

The Consumer Financial Protection Bureau (CFPB) will be closely scrutinizing what it described as “junk fees” imposed on borrowers when closing a mortgage. Its new priority has provoked strong criticism from the mortgage industry. And, as they are fixed, they have an “outsized impact on borrowers with smaller mortgages,” it added.

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Mortgage Legal Insurance Finance 433

Housing Wire

OCTOBER 27, 2023

Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company. To many, homebuying is a daunting, often confusing process.

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Insurance Real Estate Buyers Real Estate Agent 491

Housing Wire

SEPTEMBER 27, 2021

A new pricing methodology intended to promote fairness and solvency to the federal National Flood Insurance program will increase costs for most families nationwide, and members of both political parties are mobilizing to stop it. It says the flood insurance program deficit will grow unless premiums are adjusted to flood risk.

Insurance 414

Insurance Market Value Real Estate Marketing 414

Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. We haven’t seen any real data based on the conversation that it is going to save money.

Insurance 300

Insurance Legal Legal Fees HOA 300

Housing Wire

APRIL 14, 2022

Fannie Mae generated some buzz last week when it announced it would be accepting written attorney opinion letters in lieu of a title insurance policy “in limited circumstances.”. Title insurance came to be because attorney title opinions were not adequate for the marketplace.

Insurance 373

Insurance Renovations Law Real Estate 373

Housing Wire

JANUARY 8, 2024

ICE Mortgage Technology — part of Intercontinental Exchange (ICE) – will be offering lenders access to investment advisory advice in its Encompass loan origination system (LOS) through a partnership with Halcyon , a tech firm specializing in advanced data integration. “In

Clients 368

Clients Investing Mortgage Technology 368

Appraisal Buzz

MARCH 11, 2022

to acquire International Document Services Inc. IDS), a provider of compliance and document generation software solutions for the mortgage and real estate industry, for approximately $70 million in cash. banks, lenders, credit unions, insurers and securities firms. The acquisition.

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Tools Insurance Government Real Estate 150

Housing Wire

JANUARY 20, 2021

Department of Housing and Urban Development declared Wednesday that the Federal Housing Administration will once again back mortgages for immigrants under the Deferred Action for Childhood Arrivals (DACA) program. are eligible to apply for mortgages backed by the FHA. are not eligible for FHA-insured mortgages.” .”

Mortgage 546

Mortgage Law Insurance Legal 546

Housing Wire

DECEMBER 14, 2020

Nexsys Technologies , a subsidiary of Rocket Companies , launched its Clear HOI platform for all mortgage lenders on Wednesday – a new product it says will cut homeowners’ insurance verification time to mere minutes. “Clear HOI has made what used to be a time intensive step an instant one.”

Mortgage 298

Mortgage Insurance Lending Technology 298

Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The new API integration will feed real-time data from Polly’s cloud-based PPE into Mortgage Coach’s total cost analysis (TCA) presentation.

Mortgage 376

Mortgage Project Management Insurance Loan Officers 376

Housing Wire

JANUARY 18, 2021

In December, AmTrust Title Insurance Company announced the hiring of seasoned underwriter Mary Shelley as its midwest region agency underwriter. For mortgage underwriting, credit scores became more important than ever in 2020 when dealing with lenders. “Patience and perseverance were the challenges and the solutions.”

Mortgage 506

Mortgage Real Estate Agent Insurance Appraisal 506

Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. The recent spate of high-profile cybersecurity incidents kicked off with a data breach at nonbank mortgage lender and servicer Mr. Cooper.

Mortgage 391

Mortgage Insurance Tools Business 391

Housing Wire

DECEMBER 26, 2023

Mortgage subservicer Loancare informed authorities that the data of about 1.3 ” “Based on our investigation, we understand that your name, address, social security number, and loan number may have been obtained by the unauthorized third party,” the document states. District Court for Central California.

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Law Contracts Insurance Clients 480

Housing Wire

APRIL 17, 2023

Some vendors push alternative title insurance products that are marketed as cheaper options. The updates allow the use of unregulated title insurance alternatives in lieu of title insurance policies in limited circumstances. They claim to offer the same or a similar level of protection as title insurance.

Insurance 410

Insurance Technology Real Estate Finance 410

Housing Wire

FEBRUARY 22, 2024

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. According to the tech leader, “it feels like there’s a target on mortgages,” which makes sense considering the types of data and documents these companies deal with.

Mortgage 381

Mortgage Supply Chain Investors Technology 381

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.

Insurance 311

Insurance Real Estate Technology Business 311

Housing Wire

JANUARY 18, 2022

Milo , a Miami-based digital lender, will soon offer a crypto mortgage to clients with digital assets. If a client qualifies, they will receive a low interest rate 30-year crypto mortgage, the company said. And unlike conventional mortgages, there are no down payment requirements.

Mortgage 477

Mortgage Clients Real Estate Technology 477

Housing Wire

FEBRUARY 20, 2024

In today’s rapidly changing technology landscape, businesses in the title insurance , mortgage and real estate industries must prioritize cybersecurity response planning and business continuity. Document Incident Response Procedures: Create step-by-step guidelines for responding to different types of incidents.

Real Estate 315

Real Estate Mortgage Business Development 315

Housing Wire

JANUARY 31, 2021

For one, the mortgage industry is experiencing historically low interest rates, which have set in motion a refinancing boom that has dramatically increased lien release volume processing. recorded document images. Today’s servicers are working in a challenging environment due to several compounding factors.

Mortgage 364

Mortgage Insurance Business Training 364

Housing Wire

JANUARY 8, 2024

mortgage lender loanDepot confirmed Monday morning that it is the industry’s latest cyberattack victim. The California-based lender, which originated roughly $17 billion in mortgage loans from January to September 2023, said it has launched an investigation with the support of cybersecurity experts. “The Top-15 U.S. 30, 2023.

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Technology Mortgage Insurance Business 506

Housing Wire

NOVEMBER 30, 2023

Fidelity initially notified the public two days after the attack, revealing the firm experienced disruptions to title insurance, escrow and other title-related services, as well as mortgage transactions and technology for the real estate and mortgage industries.

Insurance 392

Insurance Government Real Estate Clients 392

Housing Wire

JANUARY 19, 2023

When industry veteran Michael Strauss abruptly shut down Long Island-based Sprout Mortgage in early July, there was uproar. There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. Shocked employees didn’t receive their last paychecks.

Mortgage 393

Mortgage Investors Legal Loan Officers 393

Housing Wire

OCTOBER 28, 2021

The firm announced Wednesday that it has acquired Denver-based digital mortgage automation and point-of-sales software company Floify. It also previously acquired insurance broker Elite Insurance Group , logistics and moving services firm Kandela and personal services company HireAHelpe r. The acquisition cost Porch about $76.5

Mortgage 374

Mortgage Logistics Insurance Real Estate Agent 374