Appraisal Buzz

MAY 6, 2024

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters.

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HOA Insurance Legal Fees Valuation 370

Housing Wire

APRIL 17, 2024

Q1 was a period where we saw some market improvements and volumes increasing as the winter lull thawed,” Ike Suri, the CEO of FundingShield, said in a statement. of transactions having errors, as well as a higher rate of insurance coverage issues, at 2.2% On loans that exhibited problems, the analysis found an average of 2.22

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Insurance Agents Tools Legal 427

Housing Wire

OCTOBER 27, 2023

One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company. The Real Estate Settlement Procedures Act (RESPA) ensures that homebuyers always have the legal right to consider alternative title insurance providers and can never be forced into using a particular provider.

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Housing Wire

MARCH 21, 2024

Therefore, since FHA and Enterprise loans require their submission as condition of the mortgage loan, CHLA asks that these fees and the non-competitive nature of this market be scrutinized – and that whatever legal and appropriate actions that are available are pursued.” Equifax did not immediately return a request for comment.

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Housing Wire

JULY 13, 2022

American Digital Title Insurance Co. , a Denver-based insurtech title insurance provider controlled by insurance giant Munich Re , has been authorized to underwrite title insurance in California, the second largest title insurance market in the country.

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Business Insurance Real Estate Legal 349

Housing Wire

JUNE 7, 2021

AmTrust Title Insurance Company has added two executives to its team, naming James Bozzomo as chief underwriting counsel for direct operations and Jefferson Howeth as senior corporate counsel. Before joining AmTrust, Bozzomo was senior vice president and managing counsel at Commonwealth Land Title Insurance Company.

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Insurance Legal Retail Government 363

Housing Wire

MAY 23, 2023

” WFG, a full-service provider of title insurance, underwriting, and escrow services for real estate transactions nationwide, has been actively expanding its services and market reach since its establishment in 2010. Houlihan Lokey is serving as the financial advisor to Doma, while Mayer Brown LLP is acting as legal counsel.

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Retail Insurance Real Estate Technology 341

Housing Wire

DECEMBER 6, 2023

But as history has proven, although the market fluctuates in the short term, it reaches new heights in the long term. Legal disputes. Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services. Natural disasters.

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Real Estate Legal Tenants Clients 385

Housing Wire

JANUARY 10, 2023

Amid a rapidly shrinking mortgage market, the company reported a loss of $133.98 It resulted from a big decline in mortgage banking, title insurance revenues and an impairment related to the Title365 segment. . workforce by 28%, including research and development, sales, marketing, general and administrative functions.

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Housing Wire

AUGUST 6, 2021

The company, one of the “Big Four” title insurers, agreed to pay a $1.185 million penalty after California state regulators alleged that a marketing representative provided agents illegal perks such as video marketing and drone footage of listings with placement on social media sites, and bus caravans to promote listings.

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Agents Real Estate Agent Insurance Real Estate 424

Empire Appraisal Group

JUNE 24, 2021

Insurer Growing as 3 Private Insurers Cancel Policies. Insurer Growing as 3 Private Insurers Cancel Policies | Florida Realtors. As another hurricane season bears down on the state, more than 50,000 Florida home insurance customers will soon receive notices that their policies have been canceled or won’t be renewed.

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Insurance Legal Agents Contracts 78

Housing Wire

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

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Real Estate Agent Real Estate Agents Insurance 425

Housing Wire

MAY 13, 2024

The FSOC report, released on Friday, states that these companies quickly adapt their operations to market conditions, are early adopters of technology and are key for underserved borrower groups. “I encourage Congress to remove any legal impediments to information sharing between Ginnie Mae and state regulators.

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Finance Government Mortgage Legal 400

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

The real estate market has been on a crazy ride for the past few years. Frankly, much of my work has been time-consuming for many reasons, including trying to measure different markets in this interesting time. In the meantime, I had a chance to interview Anastasia Corjan, who is the Senior Marketing Manager at CubiCasa.

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Marketing Real Estate Agent Real Estate Appraisal 300

Housing Wire

APRIL 11, 2023

They also help to prevent fraud and ensure that the sale is conducted legally and ethically. This is especially important in today’s fast-paced real estate market, where time is of the essence. In real estate, a title is a legal document that establishes ownership of a property or asset. What is the role of an escrow company?

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Real Estate Legal Sellers Buyers 347

Housing Wire

SEPTEMBER 13, 2023

The trade group also faces two massive class-action lawsuits that could forever upend the agent commission structure , and is fighting a separate legal battle with the Department of Justice. Taxes, finance, insurance, and consumer product safety round out the top five.

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Realtors Insurance Legal Real Estate 363

Padove Appraisal Service

FEBRUARY 24, 2023

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

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Appraisal Property Taxes Insurance Market Value 148

Housing Wire

MAY 26, 2023

Whether you believe the worst market conditions are now behind us or that the coming months will remain turbulent, there’s no doubt that title related businesses will need a combination of thrift, ingenuity, innovation and persistence to be successful for the foreseeable future. Will it work well with your new clients in that market segment?

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Business Marketing Law Technology 292

Housing Wire

MAY 19, 2021

In his new position, DeGiorgio will have oversight responsibility for the corporation’s operating groups, including its title insurance, specialty insurance and data and analytics businesses, the company said in a press release. One of the “Big Four” title insurers, First American reported $7.1 Net income was $696.4

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Insurance Legal Business Marketing 250

Housing Wire

NOVEMBER 13, 2023

In recent years, the value proposition of title insurance has come under attack following Fannie Mae’s announcement that it would accept attorney opinion letters in lieu of title insurance, as well as Fannie Mae and Freddie Mac’s title waiver programs , which were eventually scrapped. “If

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Insurance Real Estate Agents Real Estate Agent 382

Appraisal Buzz

JUNE 7, 2024

As Director, Chopra is also a member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and the Financial Stability Oversight Council (FSOC). According to CFPB Circular 2024-03, companies use fine print tactics to try to trick consumers into believing they have given up certain legal rights or protections.

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Contracts Insurance Legal Business 195

Housing Wire

MARCH 29, 2021

The announcement named Stacie Herron as KWx chief legal officer; Dave Smith as president of Keller Home Financial Services; TV Kumaresh as head of strategy planning and integration; and Paige Gorman as vice president of integration. Prior to USAA, Kumaresh served as a vice president of corporate and direct strategy with Nationwide Insurance.

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Retail Insurance Legal Finance 403

Housing Wire

MAY 13, 2024

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset. In the joint letter, the organizations contend that the data to be published under the plan is insufficient for their needs.

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Housing Wire

SEPTEMBER 7, 2023

Identify business deductions Every business has ordinary and necessary costs, such as office equipment, marketing , accounting, and insurance , that are tax-deductible. For example, if your office is 10% of your home, you can attribute 10% of qualifying expenses (such as your homeowners insurance and power bill) to business use.

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Real Estate Agent Real Estate Agents Business 372

Appraisal Buzz

JUNE 4, 2024

According to CFPB Circular 2024-03 , companies use fine print tactics to try to trick consumers into believing they have given up certain legal rights or protections. When financial institutions take these types of actions, they risk violating the Consumer Financial Protection Act of 2010.

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Contracts Law Mortgage Legal 390

Housing Wire

FEBRUARY 4, 2021

Stone Point and Insight Partners are highly respected investors who recognize the value and potential of CoreLogic’s digital content, solutions and market-leading platforms that power the housing economy,” CoreLogic President and CEO Frank Martell said. “We The acquisition was approved unanimously by CoreLogic’s board of directors.

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Housing Wire

JULY 6, 2023

Savkar has been a part of Wolters Kluwer since 2012, when he joined as vice president and general manager of the Legal & Regulatory division. During his tenure, he played a crucial role in accelerating the growth of the company’s international legal business.

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Legal Technology Business Insurance 259

Housing Wire

OCTOBER 2, 2022

In April, Fannie Mae announced that it would be accepting written opinion letters from an attorney in lieu of a title insurance policy “in limited circumstances.”. Title insurance protects against hidden risks that are not discoverable during searches of public records, unlike alternatives.

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Insurance Legal Buyers Real Estate 297

Housing Wire

JANUARY 28, 2021

The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent. The update expands Zillow’s Local Legal Protections tool, which was created in 2018 to help LGBT home searchers identify if their rights were protected by local laws in certain jurisdictions.

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Landlords Tenants Law Legal 457

Housing Wire

AUGUST 8, 2022

Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal. Meanwhile, Jim Daras, who will also serve as president, will be the co-CEO for banking, capital markets, finance and risk activities. Applegate also served on the Fannie Mae Advisory Board.

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Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. These algorithms are black boxes behind brick walls,” Chopra said during a press conference in 2021.

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Law Valuation Legal Government 411

Housing Wire

MARCH 20, 2024

Let’s delve into the potential negative consequences of diminishing or eliminating buyer representation, underscoring why this development matters more than ever in today’s real estate market. A drop in demand not only slows the market but can erode home equity, leaving homeowners with diminished assets.

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Real Estate Buyers Agents Sellers 471

Housing Wire

AUGUST 22, 2023

The proposed rule will implement quality control standards that govern AVMs used by originators and secondary market issuers in valuing the real estate collateral securing mortgage loans. However, any regulation should consider the practicalities of model risk management and its potential unintended consequences. the trade groups state.

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Valuation Appraisal Government Real Estate 357

Housing Wire

APRIL 4, 2024

The following day, Martin Gruenberg, chairman at the Federal Deposit Insurance Corp. Kevin Stein, chief of legal and strategy at Rise Economy, said during the same session that the new CRA rules ignore some relevant topics.

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Modernization Law Legal Landlords 225

Housing Wire

SEPTEMBER 15, 2023

The great financial crisis (GFC) revealed a defective supply chain, metrics unable to assess local risk and markets incapable of answering Ben Bernanke ’s defining question – “what’s this stuff worth?” Integration: The sector reimagines portals, anchors federations, converges markets and makes money.

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Supply Chain Technology Investors Legal 339

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. We are no closer to being paid and he had the capital to open up Smart Rate Mortgage,” said a former employee who requested anonymity due to an ongoing legal case.

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Mortgage Investors Legal Loan Officers 393

Housing Wire

APRIL 24, 2023

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. Between the launch of FHA in 1934 and when President Lyndon B. GDP, roughly $3 trillion.

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Legal Housing Market Government Buyers 320