Housing Wire
SEPTEMBER 20, 2023
The same home insurance scenario being played out in states like Florida and California due to elevated risk of natural disasters is becoming more pronounced in the Pacific Northwest according to a new report from the Seattle Times. No violation found.”
Housing Wire
MARCH 24, 2022
The Federal Housing Administration insured thousands of mortgages in 2020 without the mandatory flood insurance coverage. According to the watchdog, at least 31,500 FHA-insured loans insured did not have the required National Flood Insurance Program coverage. The potential loss on these loans could amount to $1.5
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Housing Wire
FEBRUARY 26, 2024
The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. And homeowners insurance costs are three times higher in Florida than the national average. It’s causing buyers to rethink their plans.”
Housing Wire
APRIL 14, 2022
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.
Housing Wire
MARCH 25, 2024
Illinois-based State Farm General Insurance will not renew 30,000 residential property insurance policies in California , as well as 42,000 commercial apartment policies in the state, the company announced last week. The insurance carrier will continue to collaborate with Gov. It is necessary to take these actions now.”
Housing Wire
DECEMBER 5, 2022
As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. The vast majority of respondents (82%) work at independent title companies or law firms and 67% have 25 or few employees at their organization.
Housing Wire
SEPTEMBER 27, 2023
Many of these laws target specific types of real estate deemed crucial to national security, such as farmland or property near military installations, while other laws apply more broadly to all types of land. Laws should also be clear on the role title insurance professionals play in facilitating transactions with foreign owners.
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