BiggerPockets

MARCH 13, 2024

Warren Buffett's annual letter to investors has painted an interesting picture of the housing market: Utilities are down, but insurance is up. What does that mean for the market at large?

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Insurance Business Investors Housing Market 80

Housing Wire

JANUARY 27, 2023

The rapidly cooling housing market in 2022 was not kind to Big Four title insurer Old Republic. Despite being down drastically compared to last year’s record-breaking numbers, executives told investors on the firm’s fourth-quarter and year-end earnings call on Thursday that they were in line with expectations.

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Housing Wire

JANUARY 30, 2024

housing market has reached its least affordable point in decades and housing agencies have increasingly rolled out homebuyer assistance programs to tackle this issue. This allows people to become homebuyers as well as investors, a more common strategy in recent years that is known as “house hacking,” the report stated.

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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 As expected, the firm’s title insurance segment did not have the greatest quarter. million down from the $630.6

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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. Looking ahead, Monroe was cautiously optimistic about the housing market outlook for the rest of the year but warned listeners to continue tempering their expectations.

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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.

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Housing Wire

OCTOBER 12, 2023

1, investors are trying to make sense of the steady September inflation data and its impact on the Fed ‘s next rate-hike decision. Indices that increased in September were rent, owners’ equivalent rent, lodging away from home, motor vehicle insurance, recreation, personal care and new vehicles. in August and 0.2%

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Housing Wire

APRIL 10, 2023

“This continues to be an incredibly rate-sensitive housing market, and March’s rate lock activity perfectly illustrates this dynamic,” Andy Walden, vice president of enterprise research at Black Knight, said. Most borrowers are expected to see mortgage insurance premiums (MIPs) reduce to 55 bps from 85.

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Housing Wire

NOVEMBER 18, 2022

and is used by title insurance underwriters, title agents and closing attorneys. . The deal was quickly met with resistance from trade groups and investors voicing antitrust issues – the two giant suppliers of mortgage loan origination software would harm competition in the mortgage tech solutions market. billion, down from $2.9

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Insurance Investors Mortgage Technology 400

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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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. DeGiorgio also does not believe housing market conditions will improve any time soon. “We million, down 48.9%

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Insurance Business Real Estate Investors 344

Housing Wire

MARCH 1, 2023

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

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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). Several investors expressed concern about the bank’s exposure to crypto. Regarding its liquidity, loanDepot had $863.9

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Insurance Investors Real Estate Mortgage 343

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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Housing Wire

OCTOBER 6, 2021

Better also expects this trend to continue, telling investors in the filing that gain-on-sale levels will remain “depressed through 2021 relative to the levels of the quarter ended March 31, 2021.”. Better has also made strides in real estate and insurance. billion in title insurance and $1.4

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Insurance Investors Real Estate Loan Officers 409

Housing Wire

DECEMBER 13, 2021

Unlike other fractional investment companies, such as Arrived Homes , reAlpha specializes in short term rentals , touting its product as “ Airbnb ownership without the hassle” and promising investors that they will never be responsible for cleaning after guests or conducting home repairs. reAlpha is a 51% investor in each of the syndicates.

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Housing Wire

FEBRUARY 10, 2023

The two Big Four title insurers announced their fourth quarter earnings on Thursday, hosting earnings calls with investors and analysts. We are looking for market segments where you can differentiate and have growth potential with what is happening in the economy and the demographics.” At Stewart , Q4 revenue came in at $665.9

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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.

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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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Housing Wire

APRIL 20, 2023

Investors are weighing the softening consumer sector and inflationary pressures, along with the shifts in real estate markets, looking for more clarity on the outlook,” Ratiu said in a statement. The spring season Higher rates in the housing market are reducing hopes for a productive spring season.

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Mortgage Buyers Housing Market Inventory 398

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. On the firm’s first-quarter earning’s call with investors, executives stated that this was Fidelity’s best first quarter on record for revenue.

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Insurance Investors Marketing Clients 378

Housing Wire

JANUARY 13, 2021

Thanks in large part to these programs, the sort of housing market crisis of the 2008-2009 Great Recession has thus far been avoided. Many of these challenges persist today, while new ones – like post-forbearance credit reporting, investor and year-end reporting for deferred balances – continue to arise. Investor reporting.

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Mortgage Investors Technology Housing Market 445

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 349

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 Investors 375

Housing Wire

NOVEMBER 2, 2021

California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. housing market during a shortage of housing supply and an insufficient stock of move-in ready homes.

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Investing Finance Modernization Investors 282

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. In September, government-insured FHA loans represented a little over 15% of U.S. Home sales were down 23% year over year, but all-cash deals only fell 11%, according to Redfin’s analysis. in April 2023.

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Mortgage Buyers Insurance Government 437

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. However, overall U.S.

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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 339

Housing Wire

FEBRUARY 23, 2023

Our title business has continued to perform well despite the fall off in mortgage originations due to increasing mortgage rates and housing market headwinds,” Mike Nolan, Fidelity’s CEO, told investors during the firm’s fourth-quarter earnings call mid-morning on Thursday.

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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 334

Housing Wire

MAY 21, 2024

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. Moreover, the prolonged high-interest-rate environment is leading to lower refinancing rates, which extends the duration of cash flows that investors can expect from these assets.

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Insurance Mortgage Investors Finance 446

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 458

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. While the firm’s title revenue was down 18% year over year to $1.9

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Investors Retail Government Mortgage 398

Housing Wire

NOVEMBER 10, 2021

However, the San Francisco-headquartered outfit could not leverage a historically fantastic housing market to turn a profit, posting a $57 million net income loss. The CEO spoke very broadly to investors and the public: “We’re in a generational shift in housing from offline to online.”.

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Housing Market Market Value Insurance Lending 318

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 344

Housing Wire

APRIL 5, 2021

Helena [California] whose home burned down in the last fire and only half of it was covered by the insurance company. A growing number of sophisticated investors are also betting that climate change will dramatically impact the housing market. “I had one client in St. She relocated to New York.”

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Buyers Real Estate Agent Real Estate Brokerage 462

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. Our company delivered good financial results in the first quarter, our seasonally slowest period,” CEO Ken DeGiorgio said during the company’s first quarter 2021 earnings call with investors on Thursday.

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