Housing Wire

JANUARY 15, 2025

Rising personal home insurance rates, fueled by escalating claims costs, increasing property values and the growing frequency of natural disasters, will all have a profound impact on market dynamics and homeowners insurance costs. In the first half of 2024 alone, insured losses hit $62 billion , 70% above the 10-year average.

Real Estate 369

Real Estate Insurance Marketing Clients 369

Appraisal Buzz

JANUARY 22, 2025

Its not just home prices that are expensive, as they hover at historically high levels; rising insurance premiums are contributing to the growing costs of homeownership and property management. Home, rental, and property-related insurance products are ubiquitous and foundational to the health of the U.S. housing market.

Insurance 379

Insurance Property Management Housing Market Marketing 379

Appraisal Buzz

MARCH 18, 2025

ACES Quality Management has released its quarterly ACES Mortgage QC Industry Trends Report, covering the third quarter of 2024, an analysis of a post-closing quality control data derived from ACES Quality Management & Control software. Click here for more on the Q3 ACES Mortgage QC Industry Trends Report.

Insurance 248

Insurance Mortgage Technology Appraisal 248

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.

Technology 435

Technology Realty Real Estate Development 435

Housing Wire

NOVEMBER 22, 2024

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. The average interest rate for a fix-and-flip loan also rose in Q3 2024 to 10%, according to Kiavi.

Investors 434

Investors Mortgage Property Taxes Inventory 434

Housing Wire

FEBRUARY 27, 2025

In 2024, the U.S. Between 2015 and 2024, the U.S. Between 2015 and 2024, the U.S. When we talked about affordability, we talked about mortgage rates and supply and demand, but never insurance, because that was considered a constant. It also marked the 14th consecutive year in which the U.S. That has changed.

Insurance 269

Insurance Property Taxes Construction Housing Market 269

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.

Mortgage 397

Mortgage Investors Real Estate Development 397

Appraisal Buzz

FEBRUARY 17, 2025

According to the Mortgage Bankers Association (MBA), approximately 20% ($957 billion) of $4.8 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3% increase from the $929 billion that matured in 2024. The post What Percentage of Commercial Mortgage Balances Will Mature in 2025?

Mortgage 351

Mortgage Real Estate Investors Retail 351

Housing Wire

JANUARY 22, 2025

Mortgage escrow accounts are an important, yet widely misunderstood asset in the housing market. Although 80% of mortgage holders have escrow accounts, only 60% fully understand them, up from 52% in early 2024. Almost half (44%) of respondents also said they would experience hardship if their mortgage payments increased.

Property Taxes 397

Property Taxes Insurance Mortgage Government 397

Housing Wire

JULY 25, 2024

Home insurance premiums have risen by as much as $865 this year for homeowners who originally purchased their policies in 2021. In response, the mortgage industry and federal regulators are aiming to determine the best courses of action to mitigate the financial burdens on both homeowners and insurance carriers.

Insurance 476

Insurance Mortgage Government Marketing 476

Housing Wire

OCTOBER 4, 2024

For the title insurance industry, this meant an uptick in title insurance premium volume, which came in at $4.09 billion in Q1 2024 and $3.92 Although premium volume was up, the industry has paid off more in claims during the first half of 2024 than in the first half of 2023. at 14.4%; Chicago Title Insurance Co.

Insurance 435

Insurance Housing Market Marketing Real Estate 435

Housing Wire

MARCH 11, 2025

Tomo Mortgage on Tuesday announced the closure of $20 million in Series B funding that was led by three existing investors and a new participant. The funding round was led by prior investors Ribbit Capital , DST Global and NFX along with new investor Progressive Insurance.

Mortgage 360

Mortgage Investors Insurance Loan Officers 360

Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. A NerdWallet report with second-quarter 2024 data found that the average monthly housing payment was $3,500 or 49% of the median income for those in the typical first-time homebuyer age group.

Loan Officers 317

Loan Officers Property Taxes Marketing Insurance 317

Appraisal Buzz

JANUARY 30, 2025

While some homeowners prioritize their mortgage payments, those who are not financially prepared may face significant challenges due to other essential and frequent expenses such as homeowners insurance, property taxes, utilities, repairs, and maintenance.

Buyers 335

Buyers Property Taxes Mortgage HOA 335

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

Insurance 394

Insurance Housing Market Marketing Business 394

Appraisal Buzz

NOVEMBER 13, 2024

About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. Although 66% of buyers with agents in 2024 had their commissions covered by sellers, this is no longer required. Click here to access Clever Real Estate’s report, “ The True Cost of Buying a Home in 2024.”

Real Estate 417

Real Estate Sellers Buyers Renovations 417

Housing Wire

NOVEMBER 13, 2023

Big Four title firm Old Republic is selling its mortgage insurance business to Arch Capital Group Ltd., and its wholly-owned subsidiaries that together comprise Old Republic’s run-off mortgage insurance business. “We are pleased to announce this definitive exit from the mortgage insurance business.

Insurance 459

Insurance Mortgage Business Development 459

Appraisal Buzz

MARCH 4, 2025

Property insurance costs for mortgaged single-family homes increased a record $276 or 14% to an average of $2,290 per year in 2024, according to ICE Mortgage Technologys latest Mortgage Monitor report. percent of borrowers switched insurance providers in 2024, up from 9.4 Among the major U.S.

Insurance 195

Insurance Technology Housing Market Mortgage 195

Housing Wire

NOVEMBER 19, 2024

The passage of the mortgage trigger lead bill as proposed in the U.S. Senate Amendment 2358 — known as the Homebuyers Privacy Protection Act of 2024 — in the Senate’s Fiscal Year 2025 National Defense Authorization Act (NDAA). In September, Senate Armed Services Committee Chairman Jack Reed (D-R.I.) included U.S.

Mortgage 397

Mortgage Legal Law Insurance 397

Housing Wire

DECEMBER 8, 2024

mortgage holders experienced a home equity increase in the third quarter of 2024 up 2.5% CoreLogic’s Q3 2024 Homeowner Equity Insights report showed that the total number of mortgaged homes with negative equity rose by 3.5% billion from Q2 2024 and $9.1 year over year to a total of $17.5 trillion nationwide.

Insurance 397

Insurance Mortgage Buyers 397

Housing Wire

JANUARY 21, 2025

After years of high interest rates, and price spikes, mortgage lenders are optimistic heading into 2025. Fannie Mae predicts a 28% increase in mortgage originations to $2.1 The Mortgage Bankers Association (MBA) also predicts that total origination volume will increase by 28.5%

Mortgage 370

Mortgage Investors Insurance Modernization 370

Appraisal Buzz

NOVEMBER 26, 2024

Matic announced that it has published its annual year-end trends and predictions report, which examines significant developments in the house insurance market and their effects on mortgage lenders and homeowners. In the second half of 2024, premium growth slowed considerably, with average rate increases for new plans being 6.6%

Insurance 393

Insurance Marketing Development Mortgage 393

Housing Wire

MARCH 18, 2025

Insurance brokerage platform VIU by HUB has partnered with mortgage servicing company Valon to provide homeowners with streamlined insurance options amid rising costs. Through the partnership, Valon customers will have access to instant insurance quotes from multiple carriers along with guidance from licensed agents.

Insurance 221

Insurance Property Taxes Brokerage Technology 221

Housing Wire

APRIL 1, 2025

The current reverse mortgage industry market leader, Mutual of Omaha Mortgage , announced on Tuesday that it has launched a new proprietary reverse mortgage product, with initial availability in California and Florida. In 2024, Mutual of Omaha became the leading HECM lender in the country on a per-unit basis.

Mortgage 307

Mortgage HOA Property Taxes Clients 307

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.

Insurance 459

Insurance Housing Market Marketing Agents 459

Housing Wire

NOVEMBER 26, 2024

Nominations for HousingWire’s 2025 Tech100 Award are open now through December 16, 2024. Here’s what these the leaders of these organizations had to share: “ Traditionally, the insurable title process has been time-consuming and manually intensive, often delaying closings and increasing costs.

Real Estate 370

Real Estate Mortgage Technology Insurance 370

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 476

Insurance Real Estate Sellers Housing Market 476

Appraisal Buzz

MARCH 20, 2025

The most recent Commercial/Multifamily Mortgage Debt Outstanding quarterly report from the Mortgage Bankers Association (MBA) shows that the amount of outstanding commercial and multifamily mortgage debt at the end of 2024 was $172 billion (3.7%) more than at the end of 2023. trillion in Q4 of 2024. billion) to $4.79

Mortgage 195

Mortgage Insurance Government Investors 195

Housing Wire

OCTOBER 22, 2024

The third-quarter financials for Pennymac Financial Services illustrate the double-edged sword of declining interest rates for mortgage companies. That was less than its $98 million profit in the second quarter of 2024, according to filings with the Securities and Exchange Commission (SEC) on Tuesday. million in Q2 2024 and $25.2

Government 435

Government Investing Mortgage Valuation 435

Housing Wire

FEBRUARY 24, 2025

Mortgage rates are a big variable here. In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. However, mortgage rates were climbing to their highest level of the year at this time in 2024. Mortgage rates now are lower than they were a year ago. This year its 2%.

Inventory 495

Inventory New Listings Sellers Contracts 495

Appraisal Buzz

OCTOBER 11, 2024

Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Independent mortgage banks play a key role in making this a reality, and this summit will shine a spotlight on their essential contributions to our housing market.”

Marketing 370

Marketing Mortgage Finance Retail 370

Housing Wire

FEBRUARY 7, 2025

is taking steps to establish a permanent program seeking to protect its older residents with reverse mortgages from foreclosure. council enacted the Fairness and Stability in Housing Amendment Act of 2024 , which amends specific housing agency laws to allow for protections for older district residents with a reverse mortgage loan.

Mortgage 343

Mortgage HOA Law Insurance 343

Housing Wire

FEBRUARY 28, 2024

Rocket Companies will soon shut down Rocket Pro Originate , a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages. In fourth-quarter 2023, Rocket reported $10.3

Real Estate 516

Real Estate Insurance Agents Real Estate Agent 516

Appraisal Buzz

DECEMBER 10, 2024

With mortgage rates elevated and the housing market evolving, many homeowners are choosing to update their current home rather than look for a new one. And yet, about that same amount failed to upgrade their insurance policies to protect their new investment. homeowners overall).

Renovations 195

Renovations Insurance Agents Investing 195

Appraisal Buzz

NOVEMBER 26, 2024

On Tuesday, December 3, Williston Financial Group (WFG) will host its fourth and final 2024 quarterly installment of the company’s “ Quarterly Economic Outlook ” webinar, featuring WFG Chairman and Founder Patrick F. Stone , and Economist and Forbes contributor Bill Conerly, Ph.D. at Noon CT.

Real Estate 367

Real Estate Tenants Insurance Construction 367

Appraisal Buzz

MARCH 28, 2025

The Office of the Comptroller of the Currency (OCC) has issued its OCC Mortgage Metrics Report, Fourth Quarter 2024 , tracking the performance of first-lien mortgages in the federal banking system during Q4 of 2024. of mortgages included were current and performing at the end of Q4 2024, a slight increase from 97.2%

Mortgage 243

Mortgage Insurance Investors Marketing 243

Housing Wire

JANUARY 24, 2024

But there appears to be a light at the end of the tunnel as mortgage rates are expected to steadily decrease, allowing homeownership to be within reach for more Americans. 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. by the end of 2024.

Insurance 468

Insurance Sellers Buyers Housing Market 468