Housing Wire

MARCH 22, 2024

Local real estate professionals attribute the slower market to a variety of factors including higher home prices, which have remained steady despite the slowdown, higher interest rates , and rising costs for homeowners and flood insurance. homeowners insurance policy was roughly $1,700 in 2023. In comparison, the average U.S.

Insurance 448

Insurance Inventory Marketing Real Estate 448

Housing Wire

SEPTEMBER 5, 2023

Porch Group announced that its insurance subsidiary Homeowners of America (HOA) has been placed under temporary supervision by Texas regulators. Vesttoo’s alleged fraudulent activity is an unfortunate event for insurance carriers and the reinsurance industry alike,” Matt Ehrlichman, CEO of Porch Group, said in a statement.

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Insurance HOA Legal Development 435

Housing Wire

FEBRUARY 24, 2025

There are fewer immediate sales that go directly into contract. As people lose their jobs, they scramble, they get unemployment insurance, and they look for new work. This week the median price of the new contracts came in at $385,000. We measured $385,000 as the median price for this weeks home sales contracts.

Inventory 488

Inventory New Listings Sellers Contracts 488

Housing Wire

JULY 27, 2022

According to a Q2 analysis by MISMO-certified wire and prevention fintech FundingShield , there was a 40.69% increase in wire-related issues compared to Q1 2022, as well as a 107% increase in closing agent insurance policy coverage gaps and a nearly 10% increase in CPL issues.

Contracts 363

Contracts Marketing Law Agents 363

Housing Wire

DECEMBER 29, 2021

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. of the market, should be too concerned about the rise of the little guy.

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Insurance Real Estate Technology Business 414

Housing Wire

JUNE 21, 2022

billion in title insurance premium volume during the first quarter of 2022, compared to $5.68 The title insurance industry had a record year in 2021 , generating $26.2 The title insurance industry had a record year in 2021 , generating $26.2 with 21.5%; Old Republic National Title Insurance Co., Doma Title Insurance Co.

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Insurance Home Value Contracts Marketing 321

Housing Wire

FEBRUARY 28, 2025

Florida is experiencing a slowdown as the state faces rising home insurance costs, HOA fees, and increasing risks from natural disasters. Its worth checking in with the listing agent about a week after the house goes under contract, said Alison Williams, a Redfin Premier agent in Sacramento. Las Vegas 17.9% Houston 17.8%

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Inspection HOA Buyers Real Estate Agent 336

Housing Wire

JUNE 13, 2024

In an analysis of more than 100 real estate wire fraud cases, CertifID found that the most common wire fraud-related legal liability issues for real estate firms are negligence, breach of contract, deceptive business practices and breach of fiduciary duty.

Real Estate 459

Real Estate Insurance Legal Training 459

Appraisal Buzz

DECEMBER 30, 2024

The typical home that did go under contract in November did so in 43 days, the slowest November pace since 2019. Surging HOA fees, high insurance costs and destructive natural disasters are also making many Florida house hunters hesitant to pull the trigger. a year earlier. Florida has also seen the biggest increase in stale inventory.

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HOA Inventory Real Estate Agent Contracts 221

Appraisal Buzz

OCTOBER 14, 2024

Before entering into a contract in August, the average U.S. Homes are remaining on the market for longer now that inward migration has bottomed off, and rising insurance and HOA dues are further dampening buyer demand. That’s why it’s so important to price your home to move quickly.

Marketing 370

Marketing HOA Buyers Contracts 370

Housing Wire

OCTOBER 23, 2020

The Federal Housing Administration announced on Wednesday the launch of its first automated underwriting system that will allow lenders to submit loan application data electronically for single family forward mortgages from their loan origination systems to FHA for mortgage insurance eligibility.

Modernization 468

Modernization Contracts Insurance Technology 468

Housing Wire

DECEMBER 17, 2024

The Campolis allege that the Bulls failed to deposit $100,000 in earnest money as agreed to in the contract, instead forging documentation falsely showing that the money had been deposited.

Realty 396

Realty Real Estate Advertising Agents 396

Housing Wire

OCTOBER 23, 2023

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

Real Estate 445

Real Estate Brokerage Valuation Contracts 445

Housing Wire

MAY 15, 2024

Former Ginnie Mae President Ted Tozer previously floated a plan in which there would be “debt guarantee for a Ginnie Mae issuer, collateralized by assets insured or guaranteed by a federal mortgage program agency.” This recommendation is based on two other ideas.

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Modernization Government Contracts Insurance 450

Housing Wire

AUGUST 7, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. The company’s smart contract module, a blockchain-based smart escrow contracts product named SmartEscrow , aims to reduce overhead costs and mitigate risks.

Technology 493

Technology Contracts Real Estate Insurance 493

Housing Wire

APRIL 29, 2024

In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023. Plenty of homes are receiving offers and going into contract immediately upon being listed — 21,000 this week, or 22.5% But maybe both of these interpretations prove true. orate further? of the market.

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

JUNE 18, 2024

NOVAD, which held the HUD HECM servicing contract for assigned loans from 2014 to 2022 , worked with Sutherland to form the HECM loan servicing operation on behalf of HUD. Celink was awarded the HECM servicing contract in 2022. NOVAD filed a protest in June of that year, but Celink assumed the contract in December.

Contracts 448

Contracts Property Taxes Government Mortgage 448

Housing Wire

MAY 30, 2024

This has broadened the investor base to include insurance companies and money managers seeking new investment-grade securities. In November 2023, Redwood Trust partnered with Point to close on a $139 million bond secured by 1,577 home equity investment contracts. were co-managers on the transaction.

Investing 446

Investing Investors Contracts Insurance 446

Housing Wire

DECEMBER 9, 2024

In Florida and Texas, we see the rising costs of insurance , taxes and climate risk driving some sellers. This is the median price of the homes going under contract each week. Supply growth could also come from more sellers, such as investors or distressed borrowers unloading. The median price of single-family homes in the U.S.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Appraisal Buzz

JULY 24, 2024

Nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract, according to a new report from Redfin, a technology-powered real estate brokerage. This marks an increase from 59.6% year-over-year, the largest annual rise in a year and the highest share for any June since 2020.

Inventory 435

Inventory Marketing HOA Contracts 435

Housing Wire

NOVEMBER 29, 2021

The CLP forms a contract between a title insurance underwriter and a lender, in which the underwriter agrees to indemnify the lender for actual losses caused by certain types of misconduct by the closing agent, while the Title Commitment is a promise from your title company to issue the title insurance policy after the closing is completed.

Insurance 427

Insurance Real Estate Agent Brokerage Agents 427

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. It will disrupt some home sales in the short run due to the lack of flood insurance or delays in government-backed mortgage issuance,” he said. below the August 2022 level.

Housing Market 497

Housing Market Contracts Government Buyers 497

Housing Wire

DECEMBER 6, 2021

In the next five-to-10 years, Doma CEO Max Simkoff wants to make it possible for a homebuyer to sign a contract on their new home on a Friday evening and move in on a Monday morning. As title insurers our business practices and our regulatory oversight are different in every single state,” Stone said. “So

Modernization 435

Modernization Real Estate Agent Insurance Real Estate 435

Housing Wire

JULY 23, 2024

of homes that went under contract. I don’t want my buyers to be surprised by all of the expenses that come with owning a home in Florida, so I advise them to proactively research the hefty costs of insurance, property taxes and HOA fees, in addition to the cost of their mortgage payment.” But it’s not the highest percentage ever.

Buyers 459

Buyers HOA Property Taxes Inspection 459

Housing Wire

DECEMBER 26, 2023

19 , FNF said it suffered a “ cybersecurity incident ” that led the system to shut down some of its networks, causing disruptions to its title insurance, escrow and other title-related services, as well as mortgage transactions. The infamous ransomware gang AlphV/BlackCat claimed to be behind the attack.

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Law Contracts Insurance Clients 505

Housing Wire

FEBRUARY 7, 2024

The agency updated and clarified property insurance requirements at the direction of the Federal Housing Finance Agency (FHFA) to align with Freddie Mac policy, which says that “policies that limit, depreciate, reduce or otherwise settle losses at anything other than a replacement cost basis are […] not acceptable.”

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Retail Project Management Insurance Landlords 475

Housing Wire

FEBRUARY 14, 2025

The bill shared several similarities with the HECM program, including a minimum age requirement of 62 years, the addition of insurance authority to the HFDC and a requirement for lender approval by the state authority. However, the bill has a second shot to be heard in the next calendar year if the applicable committee chair so chooses.

Mortgage 240

Mortgage Finance Contracts Insurance 240

Housing Wire

MARCH 19, 2024

In August 2022, Polly announced that it extended its API portfolio to better accommodate lenders amid a contracting mortgage environment. Polly’s API integration with CoreLogic is part of the fintech’s long-term strategy to provide innovation for lenders.

Technology 447

Technology Contracts Insurance Government 447

Housing Wire

MAY 6, 2024

These are new listings that are already under contract, so they’re not counted in the active inventory. In fact 28,000 of these listings went into contract immediately, compared to 22,000 now. Pending sales There are only 393,000 single-family homes under contract this week. At that time, there were more sellers and more sales.

Inventory 476

Inventory Contracts Sellers New Listings 476

Housing Wire

JANUARY 31, 2025

The total estimated cost of getting a Colorado real estate license ranges from $1,080 to $1,800, depending on the real estate course you choose and the cost of your E&O insurance. E&O insurance covers losses your client may experience, but can also help you and your business by paying legal expenses and managing claims.

Real Estate 291

Real Estate Brokerage Insurance Legal 291

Housing Wire

NOVEMBER 4, 2024

The homes I toured all went under contract within a week of being listed and, so far, at least two have sold for more than $20,000 over asking price. Once negotiations were settled and my mortgage was accepted, the final step was to obtain title insurance.

Agents 435

Agents Inspection Real Estate Sellers 435

Housing Wire

NOVEMBER 1, 2024

This course covers real estate law, contracts, finance and ethics. This course is more detailed than the real estate agent course, particularly on topics of contracts, ethics, insurance and taxes. your state’s real estate license exam. The required number of hours varies by state.

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

Housing Market 448

Housing Market Marketing Contracts Finance 448

Housing Wire

JULY 25, 2024

Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), advances and subservicing contracts from Flagstar Bank , owned by New York Community Bancorp (NYCB). As part of the deal, the Dallas-based servicer and lender will pay $1.4

Business 493

Business Retail Contracts Mortgage 493

Housing Wire

AUGUST 8, 2023

Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. Both lenders entered into a contract with Lender Toolkit in 2021. Lender Toolkit says Celebrity owes at least $97,288 and MLD Mortgage $138,069. That’s according to separate filings made in the U.S.

Mortgage 357

Mortgage Contracts Legal Business 357

Housing Wire

FEBRUARY 24, 2022

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. Momentum in residential purchase and commercial revenue more than offset the ongoing contraction in refinance volumes, which have a significantly lower fee per file,” Nolan said. appeared first on HousingWire.

Insurance 397

Insurance Investors Technology Development 397

Housing Wire

NOVEMBER 9, 2023

Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. The two companies issued the first-ever securitization backed entirely by HEIs in 2021, a bet that rising home-price appreciation can benefit consumers in the short-term and investors in the long-term.

Investing 435

Investing Finance Contracts Insurance 435