Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Insurance 518

Insurance Easement Real Estate Investing 518

Housing Wire

NOVEMBER 19, 2024

Rogers met with HousingWire to discuss his new role and cover a variety of topics, including artificial intelligence (AI), climate risk and land development. The insurance commissioner there declared 13 resiliency prerequisites. Obviously, insurance premiums have skyrocketed. John Rogers: I’m very fortunate to be in the role.

Development 370

Development Insurance Appraisal Real Estate 370

Housing Wire

OCTOBER 9, 2024

The home insurance marketplace has been facing a reckoning. With the death toll from Helene crossing the grim milestone of 230 this week — and with thousands of impacted homes without flood insurance wiped away — this could lead to a ripple effect that drives homeowners insurance premiums even higher.

Insurance 459

Insurance Mortgage Property Taxes Construction 459

Housing Wire

JANUARY 24, 2024

In fact, for many new buyers entering the market this year, this will be the first time they ever hear the words “ title insurance.” Against this backdrop, it is critical that new homebuyers and homeowners alike understand what title insurance is, its benefits and the importance of asking about discounts available to them.

Insurance 468

Insurance Sellers Buyers Housing Market 468

Housing Wire

JUNE 28, 2024

Title insurance provides vital protection to the largest and most important purchase most Americans will ever make—their home. Director Rohit Chopra himself, in a recent appearance before the House Financial Services Committee , shook his head “no” when asked whether title insurance was a “junk fee” in questioning from Rep.

Insurance 397

Insurance Property Taxes Sellers Development 397

Housing Wire

SEPTEMBER 20, 2023

The same home insurance scenario being played out in states like Florida and California due to elevated risk of natural disasters is becoming more pronounced in the Pacific Northwest according to a new report from the Seattle Times. No violation found.”

Insurance 435

Insurance Law Construction Government 435

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.

Insurance 435

Insurance HOA Legal Development 435

Housing Wire

MARCH 22, 2023

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. Take insurance, for example.

Insurance 435

Insurance Property Taxes Buyers Clients 435

Housing Wire

DECEMBER 13, 2024

Malibu’s Franklin Fire torched over 4,000 acres this week in one of the country’s most expensive housing markets, putting more pressure on homeowners insurance premiums in a state that is already facing an insurance crisis. What will happen to insurance costs in California now?

Insurance 370

Insurance Housing Market Realtors Development 370

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” To get a better idea of the potential impact that HMBS 2.0

Development 458

Development Mortgage Design Government 458

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. Regulatory obstacles could still impede development, though. as opposed to 10.7% in the first half of the year.

Insurance 393

Insurance Marketing Development Mortgage 393

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

Housing Wire

SEPTEMBER 8, 2023

Getting the home insurance required to close is often more complicated than it needs to be. HousingWire recently spoke with Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency , about the home insurance shopping process and how lenders can help make it simpler for their borrowers.

Insurance 418

Insurance Technology Buyers Tools 418

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.

Insurance 384

Insurance Real Estate Valuation Real Property 384

Housing Wire

JANUARY 18, 2024

Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of a new Home Equity Conversion Mortgage (HECM)-backed Security (HMBS) product. That’s all it says.”

Development 448

Development Government Insurance Mortgage 448

Housing Wire

OCTOBER 3, 2024

In a panel at HousingWire’s IMB Summit in Dallas on Tuesday, Community Home Lenders of America leaders Taylor Stork of Developers Mortgage and Republic State Mortgage President Paulina McGrath tackled some of the thornier affordability issues plaguing the industry. “Something needs to be done.” ”

Insurance 428

Insurance Technology Lending Business 428

Appraisal Buzz

JULY 24, 2024

These factors, along with an increase in the population in high-risk areas, have made the market unstable and made it difficult for insurers to make ends meet. The average number of house insurance quotations accessible per person nationwide decreased by 27% between June 2023 and June 2024, partly due to regulatory obstacles.

Insurance 370

Insurance Buyers Marketing Business 370

Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. Big payouts from natural disasters are driving insurers to raise rates and pull back on coverage,” the report stated. The area was still cleaning up from Helene when Milton hit.”

Insurance 497

Insurance Real Estate Agent Construction Development 497

Housing Wire

JANUARY 10, 2025

The company is actively monitoring the still developing situation, and will assess further steps once the extent of the impact is known, Smith added. Department of Housing and Urban Development (HUD), there are more than 5,000 HECM originations in the Los Angeles-Long Beach-Glendale metropolitan statistical area and nearly 4,600 endorsements.

Insurance 395

Insurance Mortgage Clients Finance 395

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.

Insurance 511

Insurance Real Estate Buyers Real Estate Agent 511

Housing Wire

SEPTEMBER 30, 2024

Slightly more than half of Americans say that weather events are becoming an increasing risk factor for their homes, while nearly one in five report difficulties in accessing homeowners insurance. This is according to results of a survey conducted by NeighborWorks America , a congressionally chartered community development organization.

Insurance 476

Insurance Development Housing Market Finance 476

Housing Wire

JULY 12, 2024

It accused the lender of ”forging certifications and using unqualified underwriters to approve Federal Housing Administration (FHA) insured Home Equity Conversion Mortgages (HECM),” according to the original announcement. But by failing to develop causation evidence, the DOJ is now limited to seeking only civil penalties against Nutter.

Government 445

Government Insurance Development Law 445

Housing Wire

OCTOBER 24, 2024

Alliant National Title Insurance Co. This is a strategic acquisition for DFH and allows us to further vertically integrate alongside our existing title insurance agency business while facilitating growth in the title insurance marketplace,” Patrick Zalupski, the chairman and CEO of Dream Finders, said in a statement.

Insurance 432

Insurance Investors Agents Tools 432

Housing Wire

JANUARY 19, 2023

Title insurance is one such proven product with a long history of protecting homeowners’ right to property. Before title insurance, property rights were not guaranteed. But in 1868, a Pennsylvania Supreme Court decision led to the codification of the incorporation and regulation of title insurance companies into law.

Insurance 476

Insurance HOA Real Estate Law 476

Appraisal Buzz

FEBRUARY 28, 2025

Bettina Arthur has been promoted to vice president of sales enablement at Westcor Land Title Insurance Company. Her subject matter expertise spansescrow, closing, mortgage lending, sales, home building, human resources, general management, and organizational development.

Insurance 195

Insurance Human Resources Training Development 195

Housing Wire

AUGUST 13, 2024

Elevated insurance costs are also addressed by the letter, as Enterprise hopes standards are developed to keep costs under control while operating in a period of heightened climate risk. There is strong alignment between Enterprise’s mission and the vision laid forth by Director Thompson for FHFA and the GSEs,” the letter said.

Insurance 447

Insurance Modernization Finance Government 447

Housing Wire

JUNE 26, 2024

Not surprisingly, the state also has the highest average cost for homeowners insurance , and that cost is rising. That’s a lot of opportunity for property damage, and one reason homeowners insurance in Florida has gotten out of control. And insurance has more to cover than ever in some Florida counties.

Housing Market 395

Housing Market Insurance Marketing Real Estate 395

Housing Wire

FEBRUARY 26, 2024

The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. And homeowners insurance costs are three times higher in Florida than the national average.

HOA 501

HOA Law Insurance New Listings 501

Housing Wire

JUNE 11, 2024

Department of Housing and Urban Development (HUD) has terminated the Federal Housing Administration (FHA) direct endorsement approval for Open Mortgage in Iowa. “HUD In practice, the direct endorsement authority allows lenders to underwrite single-family mortgages and submit them to FHA for insurance endorsement.

Mortgage 475

Mortgage Insurance Loan Officers Lending 475

Housing Wire

JULY 3, 2024

Department of Housing and Urban Development (HUD) on Wednesday announced that it has released five new language translations for 19 separate single-family mortgage documents used for Federal Housing Administration (FHA)-insured mortgage servicing.

Mortgage 448

Mortgage Insurance Tools Law 448

Housing Wire

APRIL 24, 2024

Department of Housing and Urban Development (HUD) on Wednesday announced new initiatives to bolster community protections against severe heat, an issue that has become more common nationwide. But now, we’re seeing insurance costs going up and people are deciding where to live based on the climate.

Insurance 466

Insurance Housing Market Development Design 466

Housing Wire

JANUARY 17, 2024

Department of Housing and Urban Development (HUD) Marcia Fudge suggested to a congressional committee that the department could consider eliminating life-of-loan premium requirements for mortgages backed by the Federal Housing Administration (FHA), but did not offer any indication about the issue’s priority level at HUD.

Insurance 488

Insurance Mortgage Development Marketing 488

Housing Wire

MARCH 11, 2024

For instance, a blending training program could include in-person sessions on the fundamentals of title insurance , followed by online modules that reinforce and add context. Hands-on training and experiential learning are crucial for developing a practical understanding of the intricate transactions and procedures of title work.

Training 437

Training Insurance Development Client Relationships 437

Housing Wire

APRIL 19, 2022

Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. The Department of Housing and Urban Development said that the implementation of such an option could prevent “several thousand borrowers a year from foreclosure.”

Insurance 508

Insurance Development Mortgage Government 508

Housing Wire

JANUARY 4, 2024

Title insurance giant First American Financial reported progress on restoring its systems from a pre-Christmas cybersecurity incident. This development allows us to resume communication through our standard business channels,” the company said on its website late Wednesday afternoon.

Insurance 458

Insurance Agents Tools Clients 458

Housing Wire

SEPTEMBER 13, 2024

“With this draft ML, HUD is seeking to ensure that borrowers, closing agents, attorneys and title agents are aware of the partial claim subordinate lien amount owed by ensuring that the partial claim payoff is provided to the party requesting the payoff statement for the FHA-insured first mortgage,” the agency said.

Insurance 459

Insurance Design Agents Mortgage 459

Housing Wire

JANUARY 10, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) on Tuesday released its priority open recommendations report, submitted to HUD Secretary Marcia Fudge designed to highlight as-yet unaddressed risks in the management of the department.

Design 468

Design Insurance Modernization Development 468