Housing Wire

APRIL 28, 2023

We are a diversified specialty insurance company and that diversification served us well this quarter with continued profitable growth in general insurance helping to mitigate the lower profits in title insurance,” Smiddy said.

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Insurance Real Estate Inventory Investors 387

Housing Wire

JUNE 5, 2024

Today, HUD is providing new resources for preserving and revitalizing these communities by providing FHA-insured financing to mission-focused groups to buy or refinance and revitalize manufactured homes. “Manufactured home communities offer a stable and affordable housing option for many families,” Todman said in a statement.

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Housing Wire

MAY 25, 2021

Homebuyers would pay an up-front mortgage insurance premium of 3.6 percent of the principal, which could be financed, and would not pay a monthly insurance premium. Like VA loans, which are popular with investors but not homesellers , the benefit would allow the borrower to skip the down payment altogether.

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Finance Insurance Loan Officers Government 482

Housing Wire

FEBRUARY 24, 2022

billion in unsold real estate inventory. Carrie Wheeler, Opendoor’s Chief Financial Officer, assured investors that the company has financing for “over $10 billion” in inventory. One hypothetical path to profitability is ancillary services, particularly Opendoor mortgage loans and title insurance. Wu did not answer.

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Investors Real Estate Inventory Finance 441

Housing Wire

AUGUST 9, 2024

A cooler spring homebuying season led to a mixed bag of financial results for the Big Four title insurance firms in the second quarter of 2024. This initiative, which we call Sequoia, was launched in Maricopa and Riverside counties with a goal of rendering an insurable title decision for at least 50% of residential properties.”

Marketing 434

Marketing Technology Insurance Investing 434

Housing Wire

AUGUST 9, 2023

This positioned us well given the low inventory coming into 2023.” We feel the resiliency of residential purchase volumes, which have held up in a weak market despite mortgage rates spiking to 7%, is a testament to the underlying demand for housing the exists in this country.”

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Insurance Housing Market Inventory Real Estate 370

Appraisal Buzz

JUNE 4, 2024

from May 2019, yet inventory has decreased 34.2% This boosted the required household income to purchase the median-priced home by $6,400, to $119,700, after accounting for taxes and insurance. According to Realtor.com May housing data , median list prices have grown 37.5% said Danielle Hale, Chief Economist, Realtor.com. “The

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Sellers Inventory Buyers Insurance 370

Housing Wire

JULY 28, 2023

“We posted good results in the second quarter given the continuing market headwinds ,” Ken DeGiorgio, the CEO of First American , told investors and analyst’s during the firm’s second quarter earnings call. annual decrease in title insurance net premiums and fees generated to $649.6 million and a 68.3%

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Insurance Investors Housing Market Development 369

Housing Wire

FEBRUARY 10, 2022

Despite this increase, First American’s newly appointed CEO , Ken DeGiorgio, said on an earnings call with investors that everyone at the company is proud of these achievements. billion in revenue from its title insurance and services segments, a 13% year-over-year increase. Refinances have a strong correlation with rates.

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Insurance Investing Inventory Business 403

Housing Wire

MAY 24, 2023

They are likely to be replaced by money managers as investors. Meanwhile, with the primary market struggling amid higher rates and lower inventory, MBS supply is expected to decline. The Fed and U.S. “That’s the easiest way to think about why spreads have widened the way they have.”

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Marketing Insurance Investors Mortgage 388

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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Insurance Investing Marketing Business 388

Housing Wire

AUGUST 8, 2024

The other thing we are looking at is that the people who would really benefit from lower transaction costs are those who buy and sell homes at scale, which are the big investors. So, an unintended consequence of this is that the people who benefit are the big players and not people like first-time homebuyers.”

Housing Market 475

Housing Market Marketing Mortgage Sellers 475

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. Another challenge to the market is the lack of inventory. in the first week of April to 3.6%

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Mortgage Housing Market Buyers Inventory 417

Housing Wire

APRIL 22, 2024

Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce. If you want to think outside the box, consider partnering with an ambitious insurance agent who offers both rent and homeowners insurance. What a great way to receive referrals for life!

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Real Estate Open Houses Brokerage Real Estate Agent 449

Housing Wire

DECEMBER 6, 2023

Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services. Even better?

Real Estate 417

Real Estate Legal Tenants Clients 417

Housing Wire

FEBRUARY 21, 2023

We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year.

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Housing Market Marketing Renovations Retail 388

Housing Wire

SEPTEMBER 16, 2021

The foreclosure inventory rate, the percentage of outstanding loans that were in the foreclosure process at the end of the second quarter, dropped to 51 basis points, the lowest foreclosure inventory rate since 1981. Note that some of these loans in the foreclosure inventory may have been so prior to the pandemic. Exhibit 4.

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Mortgage Inventory Investors Insurance 493

Housing Wire

OCTOBER 5, 2023

“This is a watershed moment for many different reasons as now these [HEAs] can start to become more of a mainstream asset class that a significant number of investors will want to participate in. The news is just as positive in the more traditional home equity sector of HELOCs and CESs.

Housing Market 430

Housing Market Marketing Contracts Finance 430

Housing Wire

JUNE 1, 2022

With the current cost of origination, combined with higher interest rates and low housing inventory on the horizon, the MBA reports that 2022 is likely to see about a 30% decline in overall mortgage originations, as compared to 2021. It’s crucial that the title insurance industry urge progress and innovation in the digital closing space.

Insurance 417

Insurance Real Estate Agents Technology 417

Housing Wire

APRIL 27, 2023

Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms’ first quarter 2023 earnings with investors Thursday morning. For DeGiorgio’s firm, these conditions resulted in a total revenue of $1.4 million a year prior.

Housing Market 403

Housing Market Marketing Investors Development 403

Housing Wire

APRIL 9, 2021

. “We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) , said in an interview with HousingWire.

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Brokerage Real Estate Insurance Clients 417

Housing Wire

MAY 2, 2024

Volatility in the Treasury market, which trades at a shifting spread below that of mortgage rates, also translates into uncertainty among housing market investors. Market observers say this normally leads to investor hesitancy and a tendency to keep more money parked on the sidelines.

Marketing 441

Marketing Mortgage Investors Sellers 441

Housing Wire

AUGUST 10, 2023

The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction. The estimated monthly mortgage payment — including property taxes and insurance — required just 22.7%

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Renovations Buyers Development Insurance 370

Housing Wire

AUGUST 7, 2024

Single-family rental (SFR) investors are worried about the rising cost of home insurance, but the majority expect to buy more properties in the next year as mortgage rates cool and home-price growth subsides. This is due in part to skyrocketing insurance costs in many parts of the country. home insurance rates jumped 11.3%

Investors 441

Investors Real Estate Insurance Landlords 441

Housing Wire

JANUARY 26, 2022

Experienced real estate investors often say that there are opportunities in every market — whether prices are rising or falling, whether the trends lean towards a buyers’ market or a seller’s market. The “Big Four” take on the upstarts in title insurance. All these investors need are properties to sell or rent. million and 1.87

Real Estate 441

Real Estate Investors Inventory Business 441

Housing Wire

AUGUST 10, 2022

As the firm looks to become profitable, executives plan to expand purchase title coverage.

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Inventory Investors Technology Marketing 388

Housing Wire

SEPTEMBER 14, 2023

Department of Housing and Urban Development ( HUD ) called FHA Connection, a database used to insure and generate FHA case numbers associated with the borrower’s home loan application. All FHA mortgage lenders use a system by the U.S. I welcome anything that moves the needle even fractionally.

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Loan Officers Mortgage Finance Clients 403

Housing Wire

SEPTEMBER 5, 2023

TB: It seems like each mortgage process should be relatively standardized because we’re manufacturing loans — the vast majority of which will be purchased by the two GSEs or insured by FHA , VA or USDA. And then closing as fast as possible because we’re still in a tight housing market with tight inventory.

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Technology Mortgage Tools Insurance 403

Housing Wire

JUNE 15, 2022

Investors asked for higher premiums to invest in these assets amid a flight to quality caused by the expectation of higher U.S. “Even though the market may have priced in some of the rate change already, the volatility is just requiring additional yield to be provided to investors to accommodate for the changes going on.”

Mortgage 388

Mortgage Investors Clients Marketing 388

Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We In addition, any reprieve in the housing inventory shortage created by more multifamily units hitting the market is expected to be short-lived.

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Investors Marketing Inventory Real Estate 468

Appraisal Buzz

SEPTEMBER 4, 2024

According to a new study from Redfin , condo prices are falling in major Florida and Texas metros, as inventory piles up and buyers back off, as high HOA fees and insurance costs are making condos a tough sell in this current marketplace. In Houston, condo inventory is up 35.9%, pending sales are down 35.3%

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HOA Insurance Inventory Investors 397

Miller Samuel

FEBRUARY 12, 2019

Overall inventory is up by about 17%, with a significant amount of supply coming from the studio and 1-bedroom market. Studio inventory is up 21% percent. Miller said that real estate investors should stop trying to perfectly time the market (both with rate and supply vs. demand). Real estate) is more of a long-term asset.”.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Movoto

OCTOBER 31, 2024

And inventory goes down. In the winter months, generally we see more homes go on the market than come off and inventory goes up. And so nationally, all of a sudden, we’re in this situation where housing inventory is starting to meaningfully increase. 9:55: And so inventory never caught up.

Housing Market 36

Housing Market Marketing Real Estate Insurance 36

The Robert Weiler Company

APRIL 5, 2023

Industrial real estate investors and developers can’t add new properties to the market fast enough. Warehouse space is typically taller than office space, allowing you more vertical space to store inventory. There are many ways to store your inventory within your new warehouse space, so choose the right method for your business.

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Landlords Tenants Logistics Real Estate 144

Housing Wire

AUGUST 15, 2023

A major reason for the depressed originations and securitizations is that there are simply far fewer loans being made in the current high-rate environment, where a good share of potential housing inventory is locked in at much lower rates, industry experts explained. “We That investor percentage is absolutely up from previous years.

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Business Lending Investors Finance 370

Housing Wire

MARCH 10, 2022

On top of all that, since inventory is at all-time lows, it’s been harder and harder for first-time homebuyers to win some bids because they don’t have more money to bring into the bidding process. Yes, your property tax or insurance might go up, but the mortgage payment is generally fixed.

Inventory 543

Inventory Mortgage Property Taxes Insurance 543

Housing Wire

APRIL 29, 2024

First American First American was the first to announce its results, hosting an earnings call with investors and analysts last Wednesday. Elevated mortgage rates and low albeit growing inventory levels have caused transaction volumes to remain near historically low levels,” Ken DeGiorgio, First American’s CEO said on the firm’s call.

Insurance 430

Insurance Investors Housing Market Government 430