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

MAY 19, 2022

The Community Home Lenders Association (CHLA) sent a letter, signed by 41 independent mortgage banks, to the Federal Housing Administration (FHA) on Wednesday urging the administration to cut mortgage insurance premiums. We will continue to be judicious about if, when, and how we consider changes to FHA’s mortgage insurance premiums.”.

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Appraisal Buzz

OCTOBER 21, 2024

Recent years have seen Oregon struggle with not only severe winter storms but also an increase in insurance premiums. Homeowners in the state have faced a 42% rise in insurance premiums from 2019 to 2024 due to repeated disasters, including fires, floods, and destructive winter storms like Winter Storm Indigo in 2024.

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Housing Wire

OCTOBER 14, 2022

The Mortgage Bankers Association and fellow trade group the Black Homeownership Collaborative have joined the chorus of voices imploring HUD Secretary Marcia Fudge to reduce mortgage insurance premiums (MIPs) and suspend life-of-loan requirements for borrowers with FHA-insured loans.

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Housing Wire

AUGUST 29, 2024

The monthly payment before the refinancing included principal, interest, taxes, and insurance, while the monthly payment after the transaction would include only principal and interest. That’s the second case involving the CFPB and NewDay USA.

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Housing Wire

MAY 1, 2023

80% LTVs (no mortgage insurance required) and 80.01-85% 85% LTVs (with mortgage insurance) by credit score. It is clear from Figure 3 that while net loss rates were significantly higher for the 2005-2007 vintages than 2013-2015 originations, the net loss rate curve is flatter for the 2013-2015 cohort.

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Mortgage Insurance Development Business 434

Appraisal Buzz

JULY 5, 2024

The main national trade organization for commercial, home, and auto insurers, The American Property Casualty Insurance Association (APCIA), and Verisk released a statement today regarding the insurance industry’s projected $21.1 A key indicator of insurer profitability, the combined ratio scarcely moved from 102.4

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Housing Wire

JANUARY 30, 2023

He left Cenlar in 1990 to join New York City-based Dime Bancorp as its chief financial officer but returned to Cenlar in 2015. He then worked as Cenlar’s chief risk officer from 2015 to 2019 before taking on an advisory role at the company in 2019. In August 2022, Applegate succeeded Greg Tornquist as the Cenlar FSB chairman.

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Housing Wire

NOVEMBER 18, 2022

The most recent example of a decline in districts to ll resulted from the 2015-2016 merger of the Seattle and Des Moines institutions into a Des Moines District Bank. savings and loan associations, savings banks, and cooperative banks) and insurance companies. Short-term advances are not so restricted.

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Housing Wire

APRIL 18, 2022

Protecting homeowners is always at the center of the title insurance industry’s core values: to lead, deliver and protect. Title insurance is much different than other insurance products. Because of this up-front service provided to consumers and lenders, the title industry has far fewer claims compared to other insurance lines.

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Insurance Real Estate Agent Development Real Estate 411

Housing Wire

OCTOBER 11, 2022

Shaddock National Holdings currently include stakes in Utah-bases US Title Insurance Agency , Landmark Title Assurance Agency in Phoenix, Continental Title Company in Kansas and Missouri, and LP Title Services in Florida.

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Insurance 346

Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government. government.

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Lending Advertising Mortgage Government 395

Housing Wire

SEPTEMBER 13, 2021

Title insurance giant Old Republic International will pay $1 million to settle charges that it entered into “no-poach” agreements to stifle labor competition, the New York Attorney General’s Office said late last week. Old Republic is among the biggest title insurance companies in the U.S. Presented by: Radian.

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Appraisal Buzz

APRIL 22, 2024

Ashley had been chief operating officer of CSS since 2015. Prior to joining CSS, Ashley was a consultant with Bain & Company where she advised companies in the medical, hospitality and insurance industries. With the new appointment, Jerome Jelinek, the company’s founder and CEO, will become chairman.

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Valuation Insurance Real Estate Appraisal 195

Housing Wire

JUNE 6, 2022

At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. Prior to joining CoreLogic in 2015, Nothaft had a nearly 30-year career at Freddie Mac, where he was most recently the chief economist.

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Housing Wire

AUGUST 25, 2021

A homeowners insurer trade group, which has mounted successful legal challenges of the standard in the past, said it sees no reason the rule should apply to its industry. The argument for the higher threshold for claims arose following a 2015 Supreme Court decision which upheld the disparate impact regulation.

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Legal Insurance Development Mortgage 411

Lamacchia Realty

FEBRUARY 22, 2023

The Department of Housing and Urban Development announced the reduction of the FHA Mortgage Insurance Premium (MIP) today. The down payment hasn’t changed but the cost of the monthly mortgage insurance has decreased putting more money back in the homeowners’ pockets, making homeownership more affordable. to $176.92.

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Insurance Development Buyers Realty 74

Housing Wire

APRIL 25, 2024

This program provides counseling to all applicants of the federally insured reverse mortgage program, the Home Equity Conversion Mortgage program,” the report stated. Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) counseling program was cited as an example.

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Mortgage Government Law Insurance 380

Housing Wire

AUGUST 11, 2023

The rule, which department officials first said they planned to implement in 2021, would require real estate professionals, such as title insurers, to report the identities of beneficial owners buying real estate in cash to FinCEN. real estate between 2015 and 2020, a trend that she said has been going on for decades. real estate.

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Real Estate Insurance Legal Finance 359

Housing Wire

NOVEMBER 18, 2022

and is used by title insurance underwriters, title agents and closing attorneys. . Black Knight was a subsidiary of FNF that went public in an IPO in 2015. The ‘Big Four’ insurer’s title segment recorded revenue of $2.3 In 2017, FNFs stake in Black Knight was distributed to Black Knight’s shareholders.).

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Insurance Investors Mortgage Technology 432

Housing Wire

JULY 18, 2022

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. Ed Golding, who was FHA commissioner from 2015 to 2017, said it’s “likely” budget issues are holding up a MIP reduction. A HUD spokesperson declined to comment.

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Insurance Transportation Mortgage Government 468

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. The largest settlement recorded , at $25 million, was with New Jersey-based Hudson City Savings Bank in 2015.).

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Law Loan Officers Lending Advertising 431

Housing Wire

OCTOBER 14, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. This setup lets a consumer compare quotes from several insurers, including Progressive, with only one click. market for homeowners’ insurance.

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Insurance Technology Lending Real Estate Agent 410

Housing Wire

OCTOBER 12, 2022

The American Land Title Association’s (ALTA) 2021 Wire Fraud and Cyber Crime Survey noted in a third of all real estate and mortgage transactions, title insurance professionals reported cyber criminals trying to deceive employees into wiring money to fraudulent accounts. . To boot, check fraud is also on the rise.

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Architecture Real Estate Training Insurance 413

Housing Wire

JUNE 26, 2024

And so, in 2013, 2015, 2017, we saw a lot of changes. The group also discussed the “appropriateness” of a reverse mortgage for a borrower who may have a strong motive to leave the home as a asset to an heir; the HECM program’s nonrecourse feature stemming from FHA insurance; and how interest rates affect a reverse mortgage’s utility.

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Mortgage Insurance Government Tools 391

Housing Wire

OCTOBER 14, 2022

Kan has worked at the association since 2006, rising from survey specialist to associate vice president of economic and industry forecasting in 2015. The Mortgage Bankers Association announced Thursday it promoted Joel Kan to vice president, deputy chief economist.

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Housing Wire

MAY 21, 2023

Louis Fed: “Initial claims for unemployment insurance benefits declined 22,000 to 242,000 in the week ended May 13, bringing the four-week moving average down to 244,250.” The latest existing home sales report , which I wrote about here , showed the year-over-year growth went from 1.03 million to 1.04 From the St.

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Housing Market Marketing Inventory New Listings 510

Housing Wire

AUGUST 8, 2022

Applegate was previously CEO of Common Securitization Solutions (a joint venture owned by Fannie Mae and Freddie Mac ), Homeward Residential , Radian Mortgage Insurance and GMAC Mortgage and Bank. He returned to Cenlar in 2015 as chief risk officer and, in 2019, began an advisory role for the board.

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Human Resources Finance Legal Insurance 360

Housing Wire

JULY 27, 2021

Unlike lenders or servicers for Fannie Mae and Freddie Mac , Ginnie Mae issuers are responsible for passing along payments to investors after borrower equity, federal agency and mortgage insurance resources are exhausted. If those issuers fail, Ginnie Mae is ultimately responsible for making those investor payments.

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Insurance Finance Government Mortgage 459

Housing Wire

APRIL 30, 2023

From the Department of Labor : “Initial claims for unemployment insurance benefits decreased by 16,000 in the week ending April 22, to 230,000. This has been my big economic data line for the cycle since I raised my sixth and final recession red flag on Aug. While the labor market is getting less tight, it’s not broken yet.

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Inventory Housing Market Marketing New Listings 524

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). Chopra previously served at the CFPB from 2010-2015. In 2018, Chopra was unanimously confirmed by the U.S.

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Contracts Insurance Legal Business 195

Housing Wire

MAY 4, 2022

Offerpad was started by its current CEO Brian Bair in 2015, and it went public through a special-purpose acquisition company, or SPAC, in September, with a valuation of $2.7 The Chandler, Arizona-based business reported $41 million in net income for the first three months of 2022 on $1.4 billion in revenue.

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Investors Valuation Business Insurance 395

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. Roberts said that of those 303 counties, 44% saw market-rate rents rise more than voucher values from 2015 to 2020.

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Landlords Tenants Law Legal 488

Housing Wire

NOVEMBER 17, 2020

Since its launch in 2015, the company says it has saved consumers $62 million in real estate commissions. Homie offers consumers a suite of real estate services that provide easy access to mortgage , title and insurance services. For buyers, Homie offers a client rebate of up to $5,000.

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Real Estate Modernization Real Estate Agent Sellers 351

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. In 2015, Strauss launched Sprout Mortgage, a mortgage lender focused on non-qualified mortgages (non-QM). Shocked employees didn’t receive their last paychecks.

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Mortgage Investors Legal Loan Officers 418

Housing Wire

APRIL 1, 2021

Real estate transactions require coordination between lenders, title insurers, home buyers, title & escrow companies – the list goes on. Since 2015 Qualia has invested heavily in building a flexible infrastructure for the real estate and mortgage industry.

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Real Estate Real Estate Agent Clients Development 382

Appraisal Buzz

AUGUST 7, 2024

Notably, the number of renter households saw its largest gain since 2015, with a 2.8% However, Florida’s intensifying risk from natural disasters and an insurance crisis complicates the situation. increase in the first quarter of 2024. population is at a record high, contributing to the rise in both renter and homeowner households.

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