Housing Wire

JANUARY 27, 2025

The companies advertise no monthly payments and require consumers to assume all costs for property taxes, hazard insurance, and property maintenance, and require a large settlement payment, similar to the loans originated in the early 2000s that were negative amortizing and required a balloon payment at the end of the loan term, the report said.

Contracts 370

Contracts Mortgage Property Taxes Law 370

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

NOVEMBER 12, 2021

Shannon Foglia Brandy was pretty certain she wanted a career in public relations, but after a summer internship before her senior year at Bryant University, she began considering a career in the field of title insurance. “I But as a woman in her mid-20s, Foglia Brandy is something of an anomaly in the title insurance industry.

Insurance 397

Insurance Agents Technology Business 397

Appraisal Buzz

DECEMBER 17, 2024

Business delinquency rates for five of the biggest investor groupscommercial banks and thrifts, commercial mortgage-backed securities (CMBS), life insurance companies, and Fannie Mae and Freddie Macare examined in MBAs quarterly analysis. These groups collectively own almost 80 percent of the outstanding debt from commercial mortgages.

Mortgage 397

Mortgage Investors Real Estate Development 397

Housing Wire

JULY 26, 2023

We immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem,” Armstrong, a Compass agent in San Diego, told HousingWire’s Brooklee Han in a feature we published Tuesday. Insurance policies for homeowners are skyrocketing. The result?

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Insurance Housing Market Marketing Supply Chain 370

Housing Wire

JULY 25, 2023

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%.”

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Insurance Housing Market Marketing Agents 370

Housing Wire

MAY 20, 2024

The changes also include the addition of accessory dwelling units (ADUs) to the definitions of eligible properties. “A In a section governing the processes of a financial assessment, certain definitions have been updated, including those for “effective income” (i.e.,

Reconsideration of Value 459

Reconsideration of Value Mortgage Inspection Insurance 459

Housing Wire

AUGUST 16, 2022

A total of nine title insurance and settlement services providers were named to the Inc. 3093), First National Title Insurance Company (No. It is definitely slowing down,” Bartzak said. The complete list of title insurance companies on the Inc. The post Nine title insurance companies named to Inc.

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Insurance Technology Agents Business 305

Housing Wire

FEBRUARY 7, 2024

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

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Retail Project Management Insurance Landlords 476

Housing Wire

FEBRUARY 3, 2025

Now in its 13th year, the Tech100 program serves as a trusted resource for housing professionals, providing a definitive list of the industrys top technology providers. These companies are at the forefront of solving the biggest challenges mortgage professionals face every day. Check out the full list of this years honorees below.

Mortgage 417

Mortgage Valuation Lending Technology 417

Housing Wire

MAY 13, 2024

Notably, it is expanding the definition of a “public assistance household” to those receiving Supplemental Nutrition Assistance Program (SNAP) payments and to households “where not all members receive public assistance,” according to the SSA. The final rule implementing these changes is scheduled to go into effect Sept.

Insurance 448

Insurance 448

Appraisal Buzz

JANUARY 13, 2025

First, FHA is providing greater underwriting flexibility for borrowers who rent space inside their homes to qualify for affordable FHA-insured mortgage financing. The increased flexibilities announced today for FHA-insured mortgages will help more people gain and maintain homeownership.

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Insurance Development Mortgage Construction 221

Housing Wire

JANUARY 15, 2025

Prior to the 2023 incident, Kemp explained that his health provider began requiring only private insurance, which prevented him from getting prescriptions. [My] third back surgery was in 2018. I cant work, I cant bend and I cant lift very much [or] walk very far.

Law 370

Law Legal Insurance Government 370

Housing Wire

MARCH 29, 2024

Publicly traded real estate technology company Doma Holdings has entered into a definitive agreement to sell to title insurance underwriter Title Resources Group (TRG) and become a private company. ” the companies added. Asset management firm Hudson Structured Capital Management Ltd.,

Insurance 448

Insurance Technology Real Estate Retail 448

Housing Wire

OCTOBER 22, 2024

Maintain human oversight: While promising, it’s important to remember that AI is not a definitive solution to all your title company’s problems. This allows you to test its impact on daily tasks and refine processes before scaling. In fact, if used irresponsibly, it can lead to catastrophic results.

Tools 448

Tools Training Real Estate Clients 448

Housing Wire

JUNE 13, 2024

Over the last four years, fraudsters have become even more brazen in their attacks, prompting the courts to piece together more definitive standards of liability by looking outside of real estate fraud cases to draw upon well-established theories of duty and liability.”

Real Estate 459

Real Estate Insurance Legal Training 459

Housing Wire

OCTOBER 9, 2024

The trouble with definitive statements The first topic the pair covered was the trap that some reverse mortgage professionals might fall into by making “definitive statements.” These include property taxes , homeowners insurance and — if applicable — homeowners association (HOA) fees.

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HOA Legal Property Taxes Mortgage 432

Housing Wire

MARCH 4, 2025

The bill passed the Alabama House of Representatives in mid-February and is currently on the calendar of the state Senates banking and insurance committee for further review. We havent noticed too much of a change in operating procedure, at least with the agents at our firm, said Ellison, the qualifying broker at ARC Realty.

Legal 395

Legal Buyers Realtors Brokerage 395

Appraisal Buzz

MAY 22, 2024

Technology firm Finaya has launched an AI-based homeownership marketplace super-app that integrates home buying and selling, mortgage, insurance, title, closing and other related services supported by a marketplace of on-demand realtors, loan brokers, lenders and service providers.

Insurance 195

Insurance Real Estate Agent Mortgage Real Estate 195

Housing Wire

NOVEMBER 4, 2024

Once negotiations were settled and my mortgage was accepted, the final step was to obtain title insurance. My frequent reporting on issues of wire fraud definitely made me wary heading into the closing, and we ultimately decided to use a bank check for my cash to close.

Agents 435

Agents Inspection Real Estate Sellers 435

Housing Wire

MARCH 12, 2021

“But a policy of declining to enforce the full scope of Congress’s definition of an abusive practice harms both the consumers who were taken advantage of and the honest companies that have to compete against those that violate the law,” the CFPB said. .”

Law 435

Law Insurance Government 435

Housing Wire

JANUARY 18, 2023

So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise). mortgage insurance market in 2023 to deteriorate. mortgage insurance sector,” Christopher Grimes, director of Fitch Ratings, said. mortgage insurance sector, according to the report.

Housing Market 476

Housing Market Marketing Insurance Mortgage 476

Housing Wire

NOVEMBER 13, 2024

Yes, partial prepayments will reduce your loan balance, but because payments are applied to mortgage insurance first, we can’t increase your line of credit until you pay back all the accrued MIP and accrued interest.” This makes it important to continue leaning away from definitive statements, as the pair previously explained.

Mortgage 370

Mortgage Home Value Insurance Tools 370

Housing Wire

JULY 19, 2024

From my vantage point, Waterfall has definitely seen firsthand how Ginnie Mae and the FHA have been proactive here, especially in stabilizing the market after the failure of Reverse Mortgage Funding (RMF).” Ginnie Mae has] been very transparent about how securities are meant to support both issuers and investors,” he said.

Development 459

Development Mortgage Design Government 459

Housing Wire

OCTOBER 10, 2024

Additionally, the estimated average survivor benefit will rise from $1,788 to $1,832 per month, while Social Security Disability Insurance (SSDI) payments will increase from $1,542 to $1,580. According to AARP , while the reduction is lower when compared to years past, it will still be welcomed by program beneficiaries.

Insurance 434

Insurance Marketing Finance 434

Housing Wire

NOVEMBER 29, 2023

Nashville has relatively low property taxes, insurance costs and utility prices, along with no state income tax, all of which definitely help if you’re looking for a lower cost of living.” While a lot of Sanchez’s clients were from California , she also reported working with people from Chicago, New York and Florida.

Property Taxes 448

Property Taxes Real Estate Agent Insurance Housing Market 448

Housing Wire

APRIL 5, 2022

Virtual” real estate shares much of the same general definitions of actual real estate. Section F: While there is no need for homeowners insurance, “mortgage” insurance and prepaid interest may still make sense in this scenario. Section G: We already ruled out homeowners insurance and included mortgage insurance.

Real Estate 532

Real Estate Mortgage Property Taxes Law 532

Housing Wire

NOVEMBER 18, 2022

and is used by title insurance underwriters, title agents and closing attorneys. . In May, ICE announced that it entered into a definitive agreement to acquire Black Knight for $13.1 The ‘Big Four’ insurer’s title segment recorded revenue of $2.3 billion, which valued the company at $85 per share.

Insurance 435

Insurance Investors Mortgage Technology 435

Housing Wire

DECEMBER 27, 2022

Over the past 14 years, FHA has insured 9.1 trillion to first-time homebuyers, according to the agency’s most fiscal 2022 annual report to Congress on the state of its mutual mortgage insurance fund (or MMI Fund). First-time homebuyers represent more than 80% of FHA’s purchase volume, FHA data show. million in mortgages valued at $1.7

Insurance 497

Insurance Home Value Mortgage Marketing 497

Housing Wire

MARCH 30, 2021

Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI). In proposing to extend the date by which lenders must comply with the CFPB’s new General QM definition, we are working to provide needed options for both homeowners and lenders during a time of uncertainty and hardship.”.

Mortgage 476

Mortgage Insurance Lending Marketing 476

Housing Wire

APRIL 21, 2023

“There is a reason the revised general Qualified Mortgage (QM) definition excludes the DTI ratio: Studies demonstrate that as a stand-alone measure, DTI is not a strong indicator of a borrower’s ability to repay.”

Logistics 448

Logistics Mortgage HOA Property Taxes 448

Housing Wire

OCTOBER 27, 2020

Though it can definitely help further your home-buying goals, there are some serious drawbacks to consider, especially with the economy as it currently stands. It could help you avoid mortgage insurance. And of those who have already bought a house? About half said it wouldn’t have been possible without a financial leg-up.

Insurance 418

Insurance Mortgage Real Estate 418

Housing Wire

NOVEMBER 2, 2021

According to the transaction terms, American Equity Investment Life Insurance Company provided financing for the deal and acquired $1 billion of loans originated by Anchor. a publicly-traded mortgage REIT, entered into a definitive agreement to acquire Genesis Capital LLC from Goldman Sachs.

Investing 387

Investing Finance Modernization Investors 387

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. Think in terms of insurance. The insurance premium is the present value of the level of risk and uncertainty. Herein lies the appraisal gap.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

MAY 14, 2024

The clients are very hesitant to pay for an insurance solution, which can be very expensive — we could be talking $10,000 to $15,000 per year for an insurance solution. We’ve got cash-flow savings for the next 20 years that we would have been spending on an insurance solution.

Finance 459

Finance Insurance Business Investing 459

Housing Wire

OCTOBER 25, 2021

The main criticism is that, as non-depository lenders cannot accept deposits, by definition they do not fail to “reinvest” in communities. The bill has received strong opposition from much of the mortgage industry, which these days is dominated by nonbanks.

Law 468

Law Lending Insurance Mortgage 468

Housing Wire

OCTOBER 11, 2023

In its 9th year, the HousingWire Vanguards award offers a definitive list of the top leaders in housing who are shaping the housing economy for the better. The forward-thinkers and trailblazers who are shaping the industry through their unwavering commitment, transformative ideas and steadfast dedication to driving growth and positive change.

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Realty Real Estate Technology Lending 488