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.

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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.

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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?

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.

Natural Disasters are Pushing Up Insurance Rates

Appraisal Buzz

Winter storms in Texas, for example, accounted for 40% … The post Natural Disasters are Pushing Up Insurance Rates appeared first on DSNews. The post Natural Disasters are Pushing Up Insurance Rates appeared first on Appraisal Buzz.

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.

White label title insurer Proliant adds another franchise

Housing Wire

White label title insurance franchise Proliant Settlement Systems announced Friday the acquisition of Great Northern Title Insurance Agency (GNTIA) in Michigan as a franchisee. The post White label title insurer Proliant adds another franchise appeared first on HousingWire.

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.

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.

Compass to acquire yet another title insurance company

Housing Wire

a Philadelphia-based title insurance company. The agreement marks Compass’s fifth title insurance company acquisition this year and third this month. For the traditional “Big Four” title insurers Fidelity National Financial , First American Finance Corp. ,

Old Republic’s title insurance income soars in 2020

Housing Wire

reported positive revenue for 2020, in large part because its title insurance arm made up for a decrease in general earned premiums. This growth stemmed from greater profitability in the general and title insurance segments. Title Insurance operating revenues were up 30.3%

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 Premiums Reach Historic Volume

Appraisal Buzz

The post Title Insurance Premiums Reach Historic Volume appeared first on DSNews. The post Title Insurance Premiums Reach Historic Volume appeared first on Appraisal Buzz.

Fitch Ratings: Title Insurers to Exceed Expectations

Appraisal Buzz

The post Fitch Ratings: Title Insurers to Exceed Expectations appeared first on DSNews. The post Fitch Ratings: Title Insurers to Exceed Expectations appeared first on Appraisal Buzz.

Insurance Rates Can Jump 21% After A Claim

Appraisal Buzz

Some people will do anything to avoid making a claim against their homeowners insurance, and for good reason, rates on average jump 21% after a single claim. The post Insurance Rates Can Jump 21% After A Claim appeared first on Appraisal Buzz.

Fannie Mae Completes Final Credit Insurance Risk Transfer Transaction of 2021

Appraisal Buzz

Fannie Mae has completed its final Credit Insurance Risk Transfer (CIRT) transaction of 2021. billion of mortgage credit risk to private insurers and reinsurers. CIRT 2021-2 covers $30.7

Increased need for a compliance-driven insurance servicing solution

Housing Wire

A strategic insurance solution is a critical component to monitor and assess mortgage loans as part of a larger risk management and servicing framework. The aim of insurance servicing is to avoid losses and provide excellent customer service to clients and their borrowers.

How Much Does Home Insurance Rise After a Fire?

Appraisal Buzz

A fire can be one of the worst days of a homeowner’s life—not only could it take years to recover emotionally from losing everything you own—it can be financially devastating, even after an insurance payout. The post How Much Does Home Insurance Rise After a Fire?

WFG National Title Insurance Company Hires New VP 

Appraisal Buzz

The post WFG National Title Insurance Company Hires New VP appeared first on DSNews. The post WFG National Title Insurance Company Hires New VP appeared first on Appraisal Buzz.

Jeff Wingate Named EVP of Guaranteed Rate Insurance

Appraisal Buzz

As new EVP and Head of Guaranteed Rate Insurance, 30-plus year industry vet will lead a team of more than 200 insurance professionals and focus on organic growth, and mergers and acquisitions. The post Jeff Wingate Named EVP of Guaranteed Rate Insurance appeared first on DSNews. The post Jeff Wingate Named EVP of Guaranteed Rate Insurance appeared first on Appraisal Buzz.

Op-Ed: FHA Should Stay the Course for Mortgage Insurance Premiums

Appraisal Buzz

The post Op-Ed: FHA Should Stay the Course for Mortgage Insurance Premiums appeared first on theMReport.com. The post Op-Ed: FHA Should Stay the Course for Mortgage Insurance Premiums appeared first on Appraisal Buzz. Former FHA veterans Brian D.

SitusAMC subsidiary launches risk management, insurance programs

Valuation Review

Securent, a newly formed provider of comprehensive risk management and insurance programs for mortgage and mortgage-backed securities stakeholders, launched its insurance operations. A subsidiary of SitusAMC, Securent’s loan defect insurance protects primary and secondary mortgage participants against risk associated with defects introduced in the loan manufacturing process

Fla. Insurer Growing as 3 Private Insurers Cancel Policies

Empire Appraisal Group

Insurer Growing as 3 Private Insurers Cancel Policies. Insurer Growing as 3 Private Insurers Cancel Policies | Florida Realtors. The trend recently has spread to Orange, Seminole, Osceola and Lake counties in Central Florida, insurers contend.

Insurance fintech and Calgary brokerage cement alliance

Mortgagebroker News

The partnership will allow consumers to find their desired mortgages and insurance rates simultaneously

The Importance of Renter's Insurance

Eppraisal

Who Needs Renters Insurance? Everyone who rents a property to live in on a full-time or long-term basis should have renter's insurance. A homeowner who owns a rental property should switch their insurance policy to a landlord policy. What Does Renters Insurance Cost?

The case for (and against) lowering FHA premiums

Housing Wire

Soon after the Department of Housing and Urban Development released its Mutual Mortgage Insurance fund report, housing finance and policy experts opined on whether the Federal Housing Administration (FHA) should lower the fees it charges borrowers.

In the race to modernize title, firms double down on software

Housing Wire

So far his venture-backed title company has launched platforms that have sped up title clearance and title insurance acquisition, and they have their sights on expanding into the lending and appraisal space. Qualia CEO Nate Baker.

Insurance Costs Threaten Fla. Real Estate Boom

Empire Appraisal Group

Insurance Costs Threaten Fla. Source: Insurance Costs Threaten Fla. Homeowners across the state have experienced double-digit rate increases for insurance, while others have received notices that their policies will not be renewed. The post Insurance Costs Threaten Fla.