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Fidelity CEO says federal government’s title insurance proposals are ’misguided’

Housing Wire

The firm attributed its stronger results to better performance from both its F&G segment and its title insurance segment. In addition to sharing his thoughts on the housing market and macroeconomic landscape, Nolan also had some things to say about the recent title insurance proposals announced by the federal government.

Insurance 460
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Zillow teams with First Street to provide homebuyers with climate risk data

Housing Wire

Zillow is partnering with First Street to provide users with data on a property’s risk levels for flood , wildfire , wind, heat and air quality through risk scores, interactive maps and insights into insurance requirements. “Healthy markets are ones where buyers and sellers have access to all relevant data for their decisions.

Insurance 451
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Opinion: Improving housing affordability without exposing homebuyers to more risk

Housing Wire

For example, recently, Fannie Mae has focused on expanding alternatives to title insurance as a way to supposedly increase homeownership affordability. However, Fannie Mae’s own research from 2022 found that title insurance is not a significant component of the overall closing costs when buying a home.

Insurance 450
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Opinion: The myth of financing buyer agent commissions

Housing Wire

Likewise, for FHA loans, you’d need to pass an Act of Congress, while Veterans would need to convince the Secretary of Veterans Affairs that a change is in the best interest of veterans, taxpayers, and investors. Under the settlement, sellers can still compensate the buyer’s agent. But let’s suppose all that occurs.

Finance 430
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FundingShield partners with Tata Consultancy Services on wire fraud prevention

Housing Wire

FundingShield and TCS aim to protect more lenders, homebuyers, sellers from wire and title fraud, both companies said. increase in issues with proof of insurance in Q2. The partnership comes amid an increase in wire and title fraud risk. The fraud prevention solutions company saw a 12.6% jump in the number of loans with issues, 6.5%

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Housing market hinges on mortgage rates and supply, not commission structures

Housing Wire

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. If sellers are unwilling to offer help with buyer’s agent fees, Mohtashami said they are effectively making their homes more expensive for buyers.

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Incenter Lender Services promotes Sara Parrish to COO

Housing Wire

.” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. In May 2023, the subsidiary launched a new digital MSR exchange , known as eMSR Exchange, which connects buyers and sellers of co-issue flow offerings online and provides 24/7 pricing.