Housing Wire
JANUARY 28, 2025
Once the parties have closed, it is only then that we place the transfer document (deed) in the government land records. Importantly, the local government officials who keep these land records do not vet documents for truthfulness or accuracy. To the contrary, they have a duty to accept any documents that are in a proper format.
Housing Wire
FEBRUARY 13, 2025
But errors related specifically to insurance increased significantly, growing to 3.03% of all defects, according to a report released Thursday by ACES Quality Management. It was followed by assets at 16.7%, while credit and loan documentation tied for the third most defects at 12.1%
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Housing Wire
FEBRUARY 18, 2025
On Friday, California insurance commissioner Ricardo Lara rejected State Farm s request for emergency rate increases , going against the recommendation of his staff experts. The request from State Farm involved insurance rate increases that would have gone into effect on May 1, 2025. in 2022, 6.9% in 2023 and 20% in 2024.
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.
Appraisal Buzz
MARCH 18, 2025
According to the report , as weather-related natural disasters increase in frequency and severity, home insurers have responded to the increased risk by dramatically increasing premiums or simply ceasing to issue new policies in heavily impacted regions. Credit and Loan Documentation tied for the third most defects at 12.12% each.
Housing Wire
JANUARY 10, 2025
“In line with guidelines from our lending partners and other entities that own or insure mortgages, NAF will offer forbearance assistance to customers whose homes are uninhabitable or who cannot work due to the wildfires,” the company told RMD in a statement.
Appraisal Buzz
JANUARY 9, 2025
She falsely claimed the property was collateral for an unpaid loan, using fake loan documents and a fabricated foreclosure notice in a Memphis newspaper. The scheme unraveled when it was discovered the loan documents contained falsified notarizations, leading a judge to halt the sale.
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