Fannie Mae announces title insurance shake up

Housing Wire

In a selling guide announcement released last week, Fannie Mae announced that it would be accepting written opinion letters from an attorney in lieu of a title insurance policy “in limited circumstances.”. The post Fannie Mae announces title insurance shake up appeared first on HousingWire.

Title insurance industry reports best quarter on record

Housing Wire

year-over-year increase in title insurance premium volume during the third quarter of 2021 according to ALTA’s Market Share Analysis , published on Thursday. During Q3 2021, the title insurance industry generated $6.8 with 20.7%, Old Republic National Title Insurance Co.,

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Private mortgage insurance industry boomed in 2020

Housing Wire

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations.

Title insurer Doma forecasts profitability in 2023

Housing Wire

The stock price of Doma Holdings was down 29% on Friday afternoon after the title insurance company posted a $43.7 The post Title insurer Doma forecasts profitability in 2023 appeared first on HousingWire. Closing IPO / M&A Doma Title insurance title insurance premiums

Title insurance industry premiums spike $7B year over year

Housing Wire

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. The title insurance industry generated $26.2

Polly teams up with mortgage insurance providers to streamline service

Housing Wire

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. . Fintech Mortgage Adam carmel Mortgage insurance Polly

Radian expands its online title insurance platform

Housing Wire

Radian Group recently announced the launching of its title insurance and closing services platform, titlegenius, in Arizona, California, Nevada, Ohio and Pennsylvania. The mortgage insurance and real estate services company first introduced titlegenius in Florida this past May.

Opinion: Rethinking the FHA mortgage insurance premium

Housing Wire

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. Understanding the difference between FHA and private mortgage insurance can shed light on why FHA changed its policy.

Title insurance premiums surging during COVID-19 pandemic

Housing Wire

The title insurance industry saw a surge in premium volume in the second quarter of 2020, according to the American Land Title Association’s latest Market Share Analysis. But title insurance premiums are also surging as a result. The title insurance industry generated $4.18

Thank Goodness for Mortgage Insurance

Appraisal Buzz

With affordability and inventory challenges rampant, Marshall Gayden of Radian Guaranty discusses why mortgage insurance can be the key to helping more buyers afford a home. The post Thank Goodness for Mortgage Insurance appeared first on theMReport.com.

Higher flood insurance prices could be a game-changer

Housing Wire

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.

Title insurers wrote nearly $20 billion in premiums in 2020

Housing Wire

Title insurers wrote $19.2 Just how fruitful was 2020 for title insurers? Old Republic reported a 20% increase in title insurance income for the full year in 2020, rounding out at $3.29 segment pretax margin of title insurance and services.

Fannie Mae transfers $771 million in credit risk to private insurers

Housing Wire

Fannie Mae this week completed its first credit insurance risk transfer (CIRT) deal of the year as part of the agency’s ongoing efforts to share mortgage risk with the private sector. . The deal transferred millions of dollars of credit risk to a group of 22 private insurers and reinsurers.

The Home Insurance Forecast

Appraisal Buzz

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.

Title insurance premium volume surges 17.6% in Q3

Housing Wire

Mortgage title insurance premiums surged by 17.6% billion in title insurance premiums seen in the second quarter this year. But with home sales and mortgage origination volumes rising, it comes as no surprise that mortgage title insurance is also seeing an uptick.

The title insurance industry has a talent problem

Housing Wire

Shannon Foglia Brandy was pretty certain she wanted a career in public relations, but after a summer internship before her senior year at Bryant University, she began considering a career in the field of title insurance. “I

The title insurance arms race heats up

Housing Wire

The post The title insurance arms race heats up appeared first on HousingWire. Closing Mergers and acquisitions title companies Title company Title insurance title insurance and settlement services

Fudge won’t cut mortgage insurance premiums

Housing Wire

Housing and Urban Development Secretary Marcia Fudge put an end to speculation that the agency would move to reduce the Federal Housing Authority ‘s mortgage insurance premiums by 25 basis points. “The health of FHA’s Mutual Mortgage Insurance Fund has remained resilient despite the financial challenges faced by homeowners with FHA-insured mortgages in 2020,” she said.

Flagstar to pay $3.6M over flood insurance violations

Housing Wire

According to the regulator, the bank violated the FDPA to “make, increase, extend, or renew loans” secured by properties in special flood hazard areas until after it obtained proof of adequate insurance. over flood insurance violations appeared first on HousingWire.

Navigating Natural Disasters and Homeowner’s Insurance

Appraisal Buzz

The consumer question at bay, do insurance companies cover natural disasters? The answer is, there is no single insurance policy specifically labeled for natural disasters, but there are homeowners insurance plans that cover several types of potentially home-damaging catastrophes.

Insurance brokerage Acrisure buys Tempo Title

Housing Wire

The fastest growing brokerage in insurance industry history, Acrisure , announced Wednesday that it has acquired title insurance and settlement service provider Tempo Title , marking its entrance into the real estate services business.

The differences between home and mortgage insurance

Housing Wire

If you’re using a home loan to buy a house, then you could have two types of insurance in your future, home insurance and mortgage insurance. Home insurance is also called homeowner’s insurance or hazard insurance. But mortgage insurance?

Migration is Key Trend Affecting Insurance Carriers

Appraisal Buzz

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. The report comes from TransUnion’s … The post Migration is Key Trend Affecting Insurance Carriers appeared first on DSNews.

Insuring a Tiny Home

Appraisal Buzz

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.

Genworth mortgage insurance arm IPO on ice

Housing Wire

Genworth Financial said it will delay the initial public offering of its recently rebranded mortgage insurance arm, Enact Holdings. ” The Richmond, Virginia-based company initially considered taking its mortgage insurance arm public to pay down $1 billion in debt coming due this year.

Opinion: FHA should lower Mortgage Insurance Premium

Housing Wire

Simply put, it looks at all the insured loans in the single-family business and factors in expected interest rates, home price forecast, default rates and severity rates over the entire duration of these loans, some of which will be on the books for 30 years.

North American Title Insurance announces flurry of moves

Housing Wire

Margaret Redman has been named director of national commercial services and senior regional underwriting counsel for North American Title Insurance Co. The post North American Title Insurance announces flurry of moves appeared first on HousingWire.

Mortgage Insurance Deduction Legislation Introduced

Appraisal Buzz

The post Mortgage Insurance Deduction Legislation Introduced appeared first on theMReport.com. The post Mortgage Insurance Deduction Legislation Introduced appeared first on Appraisal Buzz.

Insuring Expensive Homes Getting More Expensive

Appraisal Buzz

A new report has found that homeowners in South Carolina are paying the most for homeowners insurance with a policy of at least $500,000. The post Insuring Expensive Homes Getting More Expensive appeared first on theMReport.com.

Fannie Mae finalizes two additional credit insurance risk transfers

Housing Wire

On the heels of completing its first credit insurance risk transfer (CIRT) deal of the year in early March, Fannie Mae has announced that it has executed two additional CIRT deals. . billion of mortgage credit risk to private insurers and reinsurers. “We

Blend breaks into title insurance with latest acquisition

Housing Wire

The title insurance and settlement services provider was originally bought b y Solutionstar Holdings , an indirect wholly-owned subsidiary of Nationstar Mortgage Holdings (Mr. The post Blend breaks into title insurance with latest acquisition appeared first on HousingWire.

Six Providers Integrate Polly’s Streamlining Mortgage Insurance Technology

Appraisal Buzz

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.

Senate Hearing Addresses Flood Insurance

Appraisal Buzz

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.

ALTA on new Fannie policy: title insurance “will always be essential”

Housing Wire

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.

How the National Flood Insurance Program’s recent extension provides stability for the housing market

Housing Wire

The National Flood Insurance Program’s authority to issue policies was recently extended for a full year, until September 30, 2021. The post How the National Flood Insurance Program’s recent extension provides stability for the housing market appeared first on HousingWire.

Title Insurance Volume Sees Record High Increase

Appraisal Buzz

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.

Analyzing FEMA’s Flood Insurance Revisions

Appraisal Buzz

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.

Securent, a SitusAMC Insurance Services Branch, Launches

Appraisal Buzz

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.

Bipartisan Measure Introduced to Bring Transparency to Flood Insurance Pricing

Appraisal Buzz

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.

Kadasinghanahalli Joins Mortgage Guaranty Insurance Corporation

Appraisal Buzz

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.