Housing Wire

SEPTEMBER 19, 2024

With home sale prices continuing to rise, wire fraud prevention firm CertifID announced Thursday that it is increasing its direct, first-party insurance coverage maximum to $2 million. This means that up to $2 million of a wire transfer verified by CertifID can receive direct, first-party insurance coverage.

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Housing Wire

DECEMBER 16, 2022

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Title insurance is different than most other insurance products. Diane Tomb, ALTA CEO Contributor.

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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.

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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. million in Q3 2022.

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Housing Wire

JUNE 7, 2024

This system worked remarkably well until fraudsters developed technology to defeat the notarial process. Despite this grim outlook, there is a title insurance product that offers homeowners immediate peace of mind. They should be prepared for some pushback, as even many title insurance professionals are unaware of this option.

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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.

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Housing Wire

MARCH 14, 2024

Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. ” This is a developing story.

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Housing Wire

FEBRUARY 24, 2025

Retirees face the risk of a large healthcare spending shock for medical or long-term care (LTC) either because their health insurance involves significant cost sharing or because they lack insurance entirely in the case of LTC, the brief said. Retirees are reasonably well-insured against medical shocks, the brief said.

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Housing Wire

MARCH 20, 2025

Lessons from California wildfires and other natural disasters Californias wildfires highlighted the chaos that natural disasters continue to unleash not just on homeowners, but also on the mortgage servicers tasked with supporting them and the insurance industry that covers the cost of rebuilding.

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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.

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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.”

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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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Housing Wire

JANUARY 13, 2025

According to CoreLogic , the total damage cost estimate for the Los Angeles wildfires as it relates to insured properties is currently at $30 billion. Assuming all of those burnt, thats about a $30 billion insured loss event. That’s assuming every property within the perimeter is burnt to 100%, he explained.

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Housing Wire

JANUARY 29, 2025

As the speed of technological innovation in our industry accelerates, partnering with Qualia will help us provide an improved experience for both our agents and our insureds, Carolyn Monroe, the president and CEO of Old Republic Title, said in a statement.

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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?

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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

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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.

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Housing Wire

NOVEMBER 1, 2024

Similar to the HousingWire TECH100, which celebrates the most innovative companies in mortgage and real estate tech, Tech Trendsetters highlights the individuals who are developing cutting-edge technology and leading innovation for their clients in these industries. This year, 75 honorees were selected. Take a look at the full list below.

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Housing Wire

APRIL 9, 2025

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) related to the Home Equity Conversion Mortgage ( HECM ) program, there are four open recommendations according to a review by HousingWire ‘s Reverse Mortgage Daily (RMD). On an online database tracking a series of issues the U.S.

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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.

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Appraisal Buzz

FEBRUARY 4, 2025

These areas have seen increases in severe weather exposure and insurance costs, resulting in a steady increase in the overall cost of homeownership. Insurance cost acceleration relative to home appreciation: Insurance costs are rising dramatically faster than mortgage payments. million in 2025. million in 2025.

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Appraisal Buzz

JANUARY 9, 2025

Department of Housing & Urban Development (HUD) has published a Final Rule in the Federal Register to modernize and strengthen regulations for the HOME Investment Partnership Program (HOME). HOME is one of the largest federal grant programs specifically for creating housing for disadvantaged households.

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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.”

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Housing Wire

JANUARY 13, 2025

Department of Housing and Urban Development (HUD). Cyndi Danko, Fannie Maes senior vice president and chief credit officer of single-family, added that the company is continuing to monitor developments related to the wildfires and urges impacted homeowners to immediately contact their loan servicer.

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Housing Wire

OCTOBER 24, 2024

Valon intends to use the fresh capital to boost product development and expand its reach to new markets. Looking ahead, Valon plans to further diversify its offerings with new ventures in homeowners insurance and tax appeals, reflecting an ongoing commitment to growth and innovation. The firm is currently valued at $1.1

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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.” ”

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Housing Wire

APRIL 1, 2025

Department of Housing and Urban Development (HUD) this week unveiled a new website, explaining that as much as 90% of the material from the former site has been cut to eliminate redundancies and streamline the user experience. The website for the National Servicing Center remains accessible via its existing web address.

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Housing Wire

FEBRUARY 11, 2025

Mortgage lending, small business loans, and investments in local development projects are all driven by local lenders who know their markets, live in their communities, and have a vested interest in the growth of their economies. The FHLBanks are also key players in affordable housing and community development initiatives.

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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.

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Insurance Buyers Marketing Business 370

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.

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Mortgage Investors Real Estate Development 397

Housing Wire

MARCH 6, 2025

Department of Housing and Urban Development (HUD) Secretary Scott Turner is visiting the area alongside Kathryn Barger , chair of the Los Angeles County Board of Supervisors. The impacted presidentially declared major disaster area (PDMDA) has more than 100,000 FHA-insured mortgages. The announcement comes as U.S.

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Insurance Design Mortgage Development 358

Housing Wire

DECEMBER 17, 2024

has honored a longtime professional in its ranks with a lifetime achievement award, in recognition of his 40-year career in the mortgage banking, real estate , homebuilding and title insurance industries. The reverse mortgage division of Fairway Independent Mortgage Corp.

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Real Estate Agent Lending Real Estate Insurance 397

Housing Wire

APRIL 2, 2025

Milligan will focus on the wider deployment and development of SecureEquity , the proprietary reverse mortgage product announced by the company on Tuesday. The borrower must remain in the home as their primary residence and continue paying property taxes, homeowners insurance, HOA fees and maintenance costs to keep the loan in good standing.

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HOA Property Taxes Insurance Government 360

Appraisal Buzz

JANUARY 9, 2025

According to a survey of 783 title insurance entities nationwide conducted by ALTA and NDP Analytics, 28% of title insurance companies reported at least one SIF attempt in 2023, and 19% reported an attempt during the month of April 2024 alone. Fortunately, most SIF cases are identified and addressed before closing.

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Housing Wire

JANUARY 10, 2025

“I am known for cultivating, developing, and strengthening long-term relationships with executive and C-level decision makers in the financial services and mortgage industries. I develop, direct, and provide strategic vision for sales and marketing plans for mortgage products and services,” according to her bio.

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Valuation Property Taxes Insurance Clients 370

Housing Wire

OCTOBER 24, 2024

Census Bureau and the Department of Housing and Urban Development. With affordability, insurance, and property tax concerns in southern states like Texas and Florida, inventory is picking up more in those areas — which doesn’t seem like the backdrop to be shelling out a lot of housing permits for construction. percent (±14.7

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Housing Wire

FEBRUARY 13, 2025

The state-based LIHTC program, administered by the Wisconsin Housing and Economic Development Authority (WHEDA), authorizes up to $42 million per year in income tax credits. The credits go to owners and investors that develop or rehabilitate low-to-moderate-income housing, the reporting explained. The bill’s co-sponsors, Rep.

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