Housing Wire

JULY 27, 2023

Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. The 25-basis point increase to the federal funds rate was widely anticipated and priced in by capital markets. By contrast, the 30-year fixed-rate mortgage was at 5.30% a year ago at this time.

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Mortgage Property Taxes Housing Market Buyers 365

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. Most recently, loanDepot rolled out a new DPA program for Federal Housing Administration borrowers that enables them to put no money down upfront.

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Landlords Housing Market Mortgage Design 505

Housing Wire

APRIL 20, 2023

Interest rates for mortgage loans broke five straight weeks of declines caused by the bank crisis. This week, the 30-year fixed rate rebounded due to recent data indicating a still-resilient economy, the potential continuity of the Federal Reserve ’s tightening monetary policy, and pressures in the secondary market.

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Mortgage Buyers Housing Market Inventory 403

Housing Wire

NOVEMBER 10, 2023

Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. High mortgage rates are exacerbating inequality between people who own homes and people who don’t,” Redfin Senior Economist Sheharyar Bokhari said. In September, government-insured FHA loans represented a little over 15% of U.S.

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Mortgage Buyers Insurance Government 433

Housing Wire

SEPTEMBER 5, 2023

Intercontinental Exchange (ICE) completed its acquisition of Black Knight Tuesday, making the combined company the biggest player in the mortgage tech space. I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night.

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Technology Mortgage Tools Insurance 388

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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Insurance Housing Market Tools Investors 387

Housing Wire

JANUARY 13, 2021

have taken advantage of its mortgage relief provisions. Thanks in large part to these programs, the sort of housing market crisis of the 2008-2009 Great Recession has thus far been avoided. How the National Flood Insurance Program’s recent extension provides stability for the housing market.

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Mortgage Investors Technology Housing Market 455

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. In early March, when mortgage rates started their climb back toward 7%, originations faced pronounced downward pressure.

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Marketing Insurance Housing Market Mortgage 380

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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Insurance Investors Housing Market Law 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. This positioned us well given the low inventory coming into 2023.”

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Insurance Housing Market Inventory Real Estate 369

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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Government Housing Market Contracts Insurance 390

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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Insurance Real Estate Inventory Investors 364

Housing Wire

FEBRUARY 24, 2022

Stocks fell Thursday as Russian troops launched a full-scale attack in Ukraine, and at least in the short-term, the turmoil could lower mortgage rates in the U.S. During large-scale disruptions, investors often flee to safer options, such as U.S. Treasury notes, bonds and mortgage-backed securities. Sponsored Video.

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Mortgage Insurance Investors Housing Market 464

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. ” The latest Mortgage Bankers Association (MBA) survey proved Deitch right.

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Mortgage Clients Retail Marketing 370

Housing Wire

NOVEMBER 18, 2022

and is used by title insurance underwriters, title agents and closing attorneys. . Black Knight is preparing to be acquired by ICE, the other behemoth in the mortgage data space. Despite headwinds from a housing market in decline, FNF performed well in the third quarter, with adjusted net earnings of $295 million.

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Insurance Investors Mortgage Technology 403

Housing Wire

MARCH 15, 2023

One day after Signature Bank collapsed , an affiliate of loanDepot moved $225 million of cash balances to a large money center bank, the mortgage company disclosed Wednesday morning. The Company still maintains fully insured custodial deposit accounts at Signature,” the document says. Both expire in December 2023.

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Insurance Investors Real Estate Mortgage 366

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.

Insurance 380

Insurance Supply Chain Design Government 380

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. Presented by: ServiceLink.

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Insurance Clients Modernization Technology 362

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 379

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 353

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 354

Housing Wire

OCTOBER 6, 2021

with the Securities and Exchange Commission last week gave the mortgage industry a glimpse into how its partner Better.com fared in the second quarter. The digital mortgage lender, which plans to go public via a special purpose acquisition company (SPAC), reported a net loss of $86 million in the second quarter. And it wasn’t great.

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Insurance Investors Real Estate Loan Officers 404

Housing Wire

SEPTEMBER 14, 2023

Adrian Gastelum, a vice president and branch manager at Nova Home Loans, recently had a prospective borrower apply for a Federal Housing Administration (FHA) mortgage. The problem is, a mortgage credit reject (MCR) is kind of like your scarlet letter, to be completely honest,” Gastelum said. That changed on September 11.

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Loan Officers Mortgage Finance Clients 391

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. Among 11 publicly traded nonbank mortgage lenders, the loss represented the third-worst financial performance in the second quarter, according to a HousingWire analysis.

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Mortgage Loan Officers Finance Investors 393

Housing Wire

SEPTEMBER 16, 2021

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. As shown in Exhibit 1, the delinquency rate tends to be highly correlated with the unemployment rate over time.

Mortgage 477

Mortgage Inventory Investors Design 477

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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Investors Investing Insurance Real Estate 412

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. “No

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Real Estate Housing Market Mortgage Brokerage 374

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. Last month, New Residential Investment Corp.,

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Investing Finance Modernization Investors 322

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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Marketing Business Insurance Mortgage 363

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 350

Housing Wire

APRIL 26, 2023

On March 29, the Federal Housing Finance Agency (FHFA) announced Fannie Mae and Freddie Mac would enhance their COVID-19 pandemic-era deferral policies which allowed homeowners experiencing hardship to defer up to six months of mortgage payments to be settled at the end of the loan.

Insurance 367

Insurance Mortgage Government Investors 367

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 368

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. Upfront Title will be available to mortgage software platforms and the government sponsored entities before the end of the year.

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Investors Retail Government Mortgage 403

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.

Insurance 382

Insurance Investors Marketing Clients 382

Housing Wire

SEPTEMBER 10, 2021

.” Specifically, the agency accused the bank of charging customers mortgage interest rate lock extension fees, even though some of the loan closings failed due to the bank’s own volition. As the housing market changes, so does lending fraud. Presented by: First American Data & Analytics. .”

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Lending Housing Market Retail Mortgage 450

Housing Wire

SEPTEMBER 6, 2023

The ICE — Black Knight merger creates the first end-to-end digital infrastructure that will reorder incentives and change how housing markets operate. Investor expectations will change, and government entities will attempt to coordinate their response. Real estate and mortgage brokers will be marginalized as friction is removed.

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Supply Chain Real Estate Technology Mortgage 370

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. is expected to begin trading on the Nasdaq Stock Exchange on Thursday under the ticker symbol “BETR.”

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Realtors Technology Insurance Mortgage 370