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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 361
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The insurance crisis is affecting the housing market

Sacramento Appraisal Blog

Insurance has been a glaring mess in California, and it’s really starting to affect the housing market. Today, I want to share some things I’m hearing from the real estate community after asking for feedback on my social channels about home and fire insurance.

Insurance 309
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Consumer protection is what title insurance is all about

Housing Wire

Even as home prices began to decrease last year, mortgage rates remained high, leading both buyers and sellers to stay out of the housing market. In fact, for many new buyers entering the market this year, this will be the first time they ever hear the words “ title insurance.” What is title insurance?

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Seller impersonation fraud threatens American homeownership

Housing Wire

In such an environment, buyers may feel pressure to bypass steps in the transaction to make their bid more attractive to the seller, but they should be wary that taking shortcuts can expose them to fraud. Secret Service reported a steep rise in seller impersonation in an advisory it issued this year. We can reverse this trend.

Sellers 370
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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”

Insurance 358
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As rising mortgage rates push buyers to the brink, sellers are starting to cut prices

Housing Wire

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. Available inventory of home for sale is ticking up Hence, homebuyers are encouraged to negotiate with sellers, who seem willing to make concessions.

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The title industry’s latest cat-and-mouse game: seller impersonation fraud

Housing Wire

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots. million, according to NAR.

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