Housing Wire

FEBRUARY 1, 2024

The Tech100 Mortgage award celebrates the most innovative and impactful organizations in housing. More than just an acknowledgment; the Tech100 award is a testament to the transformative impact these companies have made, propelling the mortgage sector into new realms of efficiency, transparency and accessibility.

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Mortgage Valuation Insurance Appraisal 439

Housing Wire

DECEMBER 18, 2024

As the housing market picked up in much of the country during the third quarter of 2024, so did business for the title insurance industry. During the third quarter of 2024, the title industry generated $4.3 In total, during the first nine months of the year, title insurance premiums are up 3.2% annually to $11.8

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Insurance Housing Market Marketing Business 268

Housing Wire

APRIL 12, 2024

While the slowdown has resulted in a return to pre-pandemic levels of market activity, real estate agents across the state believe that an issue far greater than 7% mortgage rates may cause the housing market to slow further. “We We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville.

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Insurance Housing Market Marketing Agents 382

Housing Wire

MAY 14, 2024

Despite persistently high interest rates , big four title firm Fidelity National Financial recorded a much stronger start to 2024 than it did a year ago. In first-quarter 2024 , Fidelity reported total revenue of $3.299 billion, up from $2.474 billion a year ago. The firm’s title segment reported $1.7

Insurance 389

Insurance Real Estate Sellers Housing Market 389

Appraisal Buzz

JULY 24, 2024

Matic has published its mid-year premium trends study , which examines trends in homeownership from 2024’s first half. The report highlights significant challenges faced by homeowners, mortgage entities, and the housing market as a whole due to record premium increases, ongoing new business restrictions, and carrier exits.

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Insurance Buyers Marketing Business 370

Housing Wire

FEBRUARY 23, 2024

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. The sources spoke about these issues during this week’s Mortgage Bankers Association (MBA) Servicing Solutions Conference & Expo in Orlando.

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Insurance Home Value Mortgage Marketing 409

Housing Wire

OCTOBER 16, 2024

United Wholesale Mortgage (UWM) announced on Wednesday that it’s offering a conventional cash-out loan product with a loan-to-value (LTV) ratio of up to 90% and no mortgage insurance. The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 was $766,550.

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Insurance Mortgage Retail 379

Appraisal Buzz

OCTOBER 3, 2024

First American Financial Corporation , a provider of title, settlement and risk solutions for real estate transactions, has published a data-driven analysis of the vital role that the title insurance industry plays in protecting the smooth functioning of the real estate economy in the United States. With total revenue of $6.0 and abroad.

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Insurance Real Estate Valuation Real Property 385

Housing Wire

JULY 24, 2024

Additionally, condo inventory jumped from a 90-day average of 2,926 units a year ago to 5,623 units in mid-July 2024, according to Altos Research. While it may be easy to attribute the slower market conditions to the state’s well-publicized insurance issues , local agents say there is a perfect storm of factors. “It

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Inspection Insurance Marketing HOA 435

Appraisal Buzz

DECEMBER 17, 2024

The most recent Commercial Delinquency Report from the Mortgage Bankers Association (MBA) shows that commercial mortgage delinquencies rose in the third quarter of 2024. These groups collectively own almost 80 percent of the outstanding debt from commercial mortgages. percentage points from the second quarter of 2024.

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Mortgage Investors Real Estate Development 398

Housing Wire

SEPTEMBER 13, 2023

The growth rate of inflation has been falling for a year, but mortgage rates are still near multi-decade highs. While it is true that mortgage rates traditionally fall alongside inflation, I believed 2023 was going to be about the labor market. What do we think about mortgage rates and inflation now?

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Housing Wire

SEPTEMBER 11, 2024

home in June 2022, you probably locked in about $1,400 a month in mortgage payments. Due largely to higher mortgage rates , that same home today would cost about $2,175 a month. In this week’s edition of DataDigest , we’re going to analyze what it would take for home sales to rocket in the fall and winter of 2024.

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Mortgage Insurance Inventory Buyers 390

Housing Wire

NOVEMBER 22, 2024

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. year over year in Q3 2024, representing a small change after four years of fluctuations. billion worth of properties in Q3 2024, up 3.4% As the U.S.

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Investors Real Estate HOA Housing Market 393

Housing Wire

JULY 12, 2024

A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during the second half of 2024, while ample amounts of home equity should keep many properties in loss mitigation from moving into foreclosure status. Respondents expected the U.S.

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Property Taxes Mortgage Insurance Government 428

Housing Wire

MARCH 5, 2024

The federally insured reverse mortgage known as a Home Equity Conversion Mortgage (HECM) is unique, as are the rates that impact the HECM product. Keep in mind that almost all HECMs are adjustable-rate mortgages (ARMs), and so each rate update will concentrate on ARMs.

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Mortgage Insurance Home Value Development 348

Housing Wire

JUNE 7, 2024

Almost all Home Equity Conversion Mortgages (HECMs) originated today utilize the adjustable-rate mortgage (ARM) option. In stark contrast to traditional mortgage lending, the reverse mortgage business is dominated by ARMs, representing over 99% of Federal Housing Administration (FHA)-insured reverse mortgages originated today.

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Mortgage Insurance Lending Business 340

Housing Wire

OCTOBER 18, 2024

The Home Equity Conversion Mortgage ( HECM ) and the Home Equity Line of Credit ( HELOC ) remain as the primary options left for older homeowners who want to use their home equity to create more liquidity during retirement. Monthly principal and interest mortgage payments are also required. Let’s define and compare them.

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Mortgage HOA Property Taxes Home Value 340

Housing Wire

AUGUST 16, 2024

As discussed in previous reverse mortgage rate updates , the federally insured Home Equity Conversion Mortgage ( HECM ) is the dominant reverse mortgage in America. As a result, HECM has become synonymous with reverse mortgages. It is also the primary reason reverse mortgages are useful in financial planning.

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Mortgage Insurance Lending Finance 326

Housing Wire

OCTOBER 11, 2023

Under the waiver program, the government sponsored entity (GSE) would bypass traditional title insurance by granting certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie. In August, however, news broke that Fannie had decided to scrap the pilot program before it had even launched.

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Insurance Government Real Estate Finance 374

Housing Wire

JULY 9, 2024

In the May 2024 reverse mortgage rates report, we discussed how reverse mortgage borrowers might benefit from higher interest rates over the life of the loan. While this is counterintuitive, one must often think about reverse mortgages in…well, reverse. This power is enhanced by higher interest rates.

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Mortgage Insurance Clients Development 314

Housing Wire

APRIL 24, 2024

HousingWire is excited to announce this year’s Rising Stars, representing the next generation of leaders in mortgage and real estate. Congratulations to the 2024 Rising Stars! This year 80 honorees were selected. Take a look below to see this year’s list of honorees. Name Job Title Company Name A.T.

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Real Estate Realty Project Management Realtors 438

Housing Wire

FEBRUARY 5, 2024

Effective March 1, the credit will be available for homebuyers earning 50% of area median income (AMI) or less through Freddie Mac’s Home Possible and Housing Finance Agency (HFA) Advantage mortgage products. The credit can be used for down payments, closing costs, escrow and mortgage insurance premiums.

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Mortgage Finance Insurance Government 485

Housing Wire

NOVEMBER 2, 2023

New York-based digital lender Better Home & Finance Holding Company launched Better Insurance to allow customers to shop for homeowners insurance through a fully digital platform. Better Insurance is fully autonomous. The goal for Better Insurance is to offer the service to all 50 states by 2024.

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Insurance Finance Mortgage Real Estate 339

Housing Wire

OCTOBER 11, 2024

in the past year, driven by more cases of identity and transaction fraud New data shows that cases of fraud among mortgage applicants is on the rise — an eye-raising trend as demand from borrowers remains relatively quiet. The CoreLogic Mortgage Application Fraud Risk Index jumped by 8.3% year over year in the second quarter of 2024.

Mortgage 459

Mortgage Lending Insurance Real Estate 459

Appraisal Buzz

JUNE 19, 2024

The total amount of commercial/multifamily mortgage debt outstanding climbed by $40.1 billion (0.9%) in Q1 of 2024, according to the Mortgage Bankers Association ‘s (MBA) most recent Commercial/Multifamily Mortgage Debt Outstanding quarterly report. Multifamily mortgage debt climbed by $23.7 billion (1.1%) to $2.10

Mortgage 368

Mortgage Insurance Government Real Estate 368

Housing Wire

AUGUST 13, 2024

The American Land Title Association is making it clear that it won’t have the Consumer Financial Protection Bureau making drastic changes to title insurance without first at least hearing the trade groups thoughts on the issue. 2, the trade group stressed the importance of title insurance.

Insurance 391

Insurance Mortgage Legal Government 391

Housing Wire

AUGUST 16, 2024

year over year in Q2 2024, the largest increase since Q2 2022, according to a report published Thursday by Redfin. during the same period, which Redfin attributed to elevated mortgage rates and home prices. Investors, many of whom can afford to pay in cash to avoid the sting of high mortgage rates, are cashing in on that demand.”

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Investors Tenants Real Estate Property Taxes 401

Housing Wire

NOVEMBER 8, 2023

Here’s a financial checklist that real estate agents and mortgage professionals should complete before the end of the year for more success and financial security in 2024. Insurance: Premiums for various coverages like errors and omissions, commercial auto and a business owner’s policy.

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Advertising Insurance Real Estate Agent Business 416

Housing Wire

NOVEMBER 16, 2023

Despite ongoing uncertainty and a variety of economic headwinds, Fitch Ratings is maintaining a neutral outlook on the title insurance market for 2024, according to a report released Thursday. Fitch said its neutral outlook is underpinned by Fitch’s view that mortgage rates are near peak levels. Fitch does not rate Old Republic.

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Insurance Retail Mortgage Marketing 313

Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 homeowner with a mortgage added $28,000 in equity during the year ending in March 2024 — the highest year-over-year increase since late 2022. of those with mortgages underwater.”

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HOA Home Value Insurance Mortgage 498

Housing Wire

NOVEMBER 1, 2024

The Tech Trendsetters are made up of the top product and technology leaders who have been essential in bringing innovative tech solutions to market for mortgage and real estate clients. Congratulations to the 2024 Tech Trendsetter honorees! This year, 75 honorees were selected. Take a look at the full list below.

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Technology Realty Real Estate Development 355

Housing Wire

APRIL 10, 2024

Mortgage rates shot up today as the CPI data came in just a bit hotter today — 0.1% That’s not much, but it’s high enough to take away one of the rate cuts we expected in 2024. We have a lot of time left in 2024, and as you can see in the chart below, the 2-year yield has been on a roller coaster since last November.

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Insurance Marketing Mortgage Housing Market 417

Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. The rule, originally proposed in March 2023 , takes into consideration stakeholder comments.

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Mortgage Finance Insurance Lending 414

Housing Wire

SEPTEMBER 12, 2024

Home equity continued to rise in the second quarter of 2024 as residential properties with mortgages collectively gained $1.3 The aggregate equity gain was 8% year over year, bringing total equity on mortgaged properties to more than $17.6 trillion at the end of Q2 2024. trillion at the end of Q2 2024.

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Insurance Mortgage Housing Market Finance 490

Housing Wire

NOVEMBER 15, 2024

The reverse mortgage portion of the Federal Housing Administration ’s (FHA)’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio for the fourth year in a row on the overall government-backed portfolio. The HECM cash flow net present value in 2024, which is a measure reported to Congress by the U.S.

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Insurance Development Mortgage Design 323

Housing Wire

DECEMBER 1, 2023

Now he is off the sideline because a 5% down payment is completely doable,” said Krichmar, a mortgage banker at Legend Lending Corporation. Based on annual changes to an index of national home prices, conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac on one-unit properties will be $766,550 in 2024.

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Finance Buyers Mortgage Inventory 384

Housing Wire

JULY 30, 2024

Mortgage-related consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) fell between the first and second quarters of this year, according to a review of the CFPB’s consumer complaint database conducted by HousingWire. A total of 5,652 mortgage-related complaints were submitted to the bureau between Jan.

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Mortgage Insurance 344