Housing Wire

JANUARY 27, 2025

It also operates outside of the regulatory purview of other home-equity tapping products, including the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage ( HECM ). But HECM loans are insured and regulated by the FHA, and they are only available for homeowners who are at least 62 years old.

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Contracts Mortgage Property Taxes Law 369

Housing Wire

MARCH 17, 2025

Many condos are being added to a “blacklist” by Fannie Mae due to the properties not having enough insurance or needing major repairs. If a condo is on this list, its significantly harder for prospective buyers to get a mortgage, making it nearly impossible to sell.

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Insurance Design Tools Sellers 334

Housing Wire

OCTOBER 9, 2024

The home insurance marketplace has been facing a reckoning. The challenges that higher costs place on carriers, regulators , lenders and consumers has been well documented this year, and the acceleration of extreme weather events has only made things worse. Stork relayed a personal anecdote.

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Insurance Mortgage Property Taxes Construction 459

Housing Wire

NOVEMBER 16, 2020

If you’re using a home loan to buy a house, then you could have two types of insurance in your future, home insurance and mortgage insurance. Home insurance is also called homeowner’s insurance or hazard insurance. But mortgage insurance? What mortgage insurance does.

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Insurance Mortgage Loan Officers Real Estate 468

Appraisal Buzz

OCTOBER 11, 2024

Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Independent mortgage banks play a key role in making this a reality, and this summit will shine a spotlight on their essential contributions to our housing market.”

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Marketing Mortgage Finance Retail 370

Housing Wire

JUNE 4, 2024

With flood insurance premiums commanding ever-higher prices, a U.S. senator recently described a hardship faced by a constituent who endured challenges with higher flood insurance costs while keeping a reverse mortgage in good standing. And Cassidy shared another story of a constituent with a reverse mortgage on his home.

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Insurance Mortgage Property Taxes Modernization 448

Housing Wire

SEPTEMBER 9, 2024

Why is homeowners insurance so expensive in the Upper Midwest? The growing prevalence of extreme weather events and the high cost of construction are pushing property insurers to significantly raise their prices , even in places you might not expect. More: catastrophic weather events are “a key driver” of the premium hikes. “In

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Insurance Construction Technology Investing 459

Housing Wire

JANUARY 24, 2025

Fitch Ratings reported this week that recent natural disasters that have damaged thousands of homes and businesses including the Southern California wildfires and hurricanes Milton and Helene in the Southeast are not expected to heavily impact paid claims experience or credit ratings for mortgage insurers.

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Insurance Mortgage Real Property Design 369

Housing Wire

NOVEMBER 19, 2024

John Rogers is a well-known name in the world of mortgage and real estate data analysis. We have amazing data scientists who are building out new models — from reducing premiums on wildfire insurance in California to using image analytics so that an appraiser can capture the appraisal in real time and use it for quality assurance.

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Development Insurance Appraisal Real Estate 370

Appraisal Buzz

DECEMBER 10, 2024

With mortgage rates elevated and the housing market evolving, many homeowners are choosing to update their current home rather than look for a new one. And yet, about that same amount failed to upgrade their insurance policies to protect their new investment. homeowners overall).

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Renovations Insurance Agents Investing 195

Housing Wire

MAY 14, 2024

The firm attributed its stronger results to better performance from both its F&G segment and its title insurance segment. In April, purchase open orders per day were up 4% over last year, but higher mortgage rates may temper purchase volumes going forward. The firm’s title segment reported $1.7

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Insurance Real Estate Sellers Housing Market 476

Housing Wire

OCTOBER 25, 2023

A brewing crisis is emerging around homeowners insurance and thus far the finance and insurance community has not offered any viable solutions. The annual number of weather/climate-related disasters exceeding $1 billion per event has more than doubled over the last five years from historical averages.

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Insurance Finance Investors Mortgage 458

Housing Wire

NOVEMBER 2, 2021

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan.

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Insurance Mortgage Development Valuation 397

Housing Wire

DECEMBER 8, 2024

mortgage holders experienced a home equity increase in the third quarter of 2024 up 2.5% CoreLogic’s Q3 2024 Homeowner Equity Insights report showed that the total number of mortgaged homes with negative equity rose by 3.5% year over year to a total of $17.5 trillion nationwide. from the second quarter. from the second quarter.

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Insurance Mortgage Buyers 397

Housing Wire

JANUARY 24, 2024

But there appears to be a light at the end of the tunnel as mortgage rates are expected to steadily decrease, allowing homeownership to be within reach for more Americans. Even as home prices began to decrease last year, mortgage rates remained high, leading both buyers and sellers to stay out of the housing market. by the end of 2024.

Insurance 468

Insurance Sellers Buyers Housing Market 468

Appraisal Buzz

NOVEMBER 13, 2024

The mortgage servicing landscape has long been a crucible of change, where today’s decisions lay the groundwork for the industry’s future. Formed in 2023, the MSEA is a platform for nurturing the next generation of mortgage leaders. Here’s what our panel of mortgage servicing executives had to share.

Mortgage 410

Mortgage Technology Clients Tools 410

Housing Wire

SEPTEMBER 7, 2023

The Mortgage Bankers Association (MBA) on Thursday sent a letter to leaders of the U.S. Senate Committee on Banking, Housing and Urban Affairs to address the availability of flood insurance. MBA members are very concerned that private property insurance has reached a point of critical market dislocation,” the letter said.

Insurance 435

Insurance Real Estate Housing Market Marketing 435

Housing Wire

NOVEMBER 26, 2024

When I notice a significant increase or decrease compared to estimates, I often suspect that revisions will be made or that a one-time event may have influenced the figures. Mortgage rates have been rising and the housing market is also experiencing the impacts of hurricanes.

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Property Taxes Inventory Construction Housing Market 501

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. In the second half of 2024, premium growth slowed considerably, with average rate increases for new plans being 6.6%

Insurance 393

Insurance Marketing Development Mortgage 393

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

Housing Wire

MARCH 26, 2025

In the 1960s, Black residents werent qualified for mortgages in places like Altadena. “It is hard to interpret this series of events as anything other than a coordinated effort by local officials over decades to displace Black residents.” in 2023, according to the state’s insurance department.

Insurance 334

Insurance Construction Transportation Home Value 334

Housing Wire

FEBRUARY 3, 2021

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events. housing market. Already a member?

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Lending Mortgage Insurance Housing Market 545

Housing Wire

MAY 16, 2024

United Wholesale Mortgage (UWM) has launched a new service to handle all the title work for its brokers on refinancings. mortgage lender announced the service on Thursday during an annual meeting with its broker partners in Pontiac, Michigan. The top U.S. Department of Veteran Affairs (V.A.) loans but only for refinances.

Insurance 476

Insurance Agents Real Estate Agent Mortgage 476

Housing Wire

JUNE 13, 2022

Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $725 million in mortgage-risk coverage as part of the agency’s ongoing effort to share risk with private-sector insurers. billion of insurance coverage on $675.9 billion of insurance coverage on $675.9

Insurance 397

Insurance Mortgage Design Finance 397

Housing Wire

AUGUST 29, 2024

Richelle Hopkins of Mutual of Omaha Mortgage has been a reverse mortgage professional for 20 years, moving to Arizona in 2006. At a recent WIFS Phoenix event, Hopkins was able to bring a discussion about reverse mortgages to attendees and sat down with HousingWire ’s Reverse Mortgage Daily (RMD) to share details about the experience.

Finance 448

Finance Mortgage Real Estate Agent Insurance 448

Housing Wire

JULY 25, 2023

HousingWire recently spoke with Matic CEO and co-founder Ben Madick about the changing home insurance market, how it impacts mortgage lenders and homeowners, and why lenders should pay attention. HousingWire: What is the current home insurance market like? Two key trends have emerged in this landscape.

Insurance 370

Insurance Marketing Business Mortgage 370

Appraisal Buzz

JULY 24, 2024

The report highlights significant challenges faced by homeowners, mortgage entities, and the housing market as a whole due to record premium increases, ongoing new business restrictions, and carrier exits. According to Matic research, one reason for these market disruptions may be the very high number of catastrophic events in 2023—28 U.S.

Insurance 370

Insurance Buyers Marketing Business 370

Housing Wire

MARCH 8, 2021

Higher treasury yields have pushed mortgage rates higher, but will higher rates cool the housing market? We are looking at $1,400 checks being sent, six months of pandemic unemployment insurance, rental assistance, and many more disaster relief items. The post Will higher mortgage rates cool the housing market? Already a member?

Housing Market 539

Housing Market Marketing Mortgage Insurance 539

Housing Wire

DECEMBER 29, 2021

After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business.

Insurance 416

Insurance Real Estate Technology Business 416

Housing Wire

MARCH 3, 2025

A bill that would seek to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product inside New York state is getting pushback from industry advocates. Leroy Comrie (D-Queens), who introduced the bill on Jan. Again, it’s very concerning, Irwin said.

Mortgage 229

Mortgage Law Property Taxes Clients 229

Housing Wire

SEPTEMBER 28, 2021

Real estate brokerages can survive, but only if they seriously invest in mortgage. Today the value of a single mortgage origination is that of 10 real estate sales, said Chris Kelly, president and CEO of Ebby Halliday Companies. Exclusive access to the HW+ Slack community and virtual events. Become a member today.

Real Estate 448

Real Estate Brokerage Mortgage Insurance 448

Housing Wire

APRIL 13, 2021

Title insurers wrote $19.2 “The true test of whether 2020 volume represents a unique event will be whether the historically low inventory of homes for sale continues into the summer,” Tomb said. Just how fruitful was 2020 for title insurers? segment pretax margin of title insurance and services. low inventory.

Insurance 370

Insurance Inventory Marketing Mortgage 370

Appraisal Buzz

MARCH 5, 2025

Formerly a Deputy Attorney General in charge of the Harrisburg office of the Pennsylvania Bureau of Consumer Protection , Hladik brings a range of experience to his mortgage foreclosure; bankruptcy; tax sale; and Unfair, Deceptive, and Abusive Practices (UDAP) legal practice. We also witnessed growth in membership.

Legal 221

Legal Insurance Law Lending 221

Housing Wire

MARCH 19, 2025

After taking the time to digest elements of a proposal from lawmakers in Hawaii , the National Reverse Mortgage Lenders Association (NRMLA) has expressed support for a measure to establish a state-run Home Equity Conversion Mortgage ( HECM ) program there. NRMLA recommended placing language in a revision to address these issues.

Mortgage 209

Mortgage Property Taxes Tenants Insurance 209

Housing Wire

OCTOBER 3, 2024

The real estate industry illuminati believe that mortgage rates dropping below 6% will get housing markets moving again, but there’s growing evidence that the recent decline in rates is already doing so. Mortgage rate lock-in activity was also double what it was a month earlier. Redfin is also observing a change in home sales.

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Mortgage Housing Market Insurance Agents 468

Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. The recent spate of high-profile cybersecurity incidents kicked off with a data breach at nonbank mortgage lender and servicer Mr. Cooper.

Mortgage 468

Mortgage Insurance Business Tools 468

Housing Wire

NOVEMBER 16, 2021

Soon after the Department of Housing and Urban Development released its Mutual Mortgage Insurance fund report, housing finance and policy experts opined on whether the Federal Housing Administration (FHA) should lower the fees it charges borrowers. Rising mortgage rates could also make loss mitigation options more expensive.

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Insurance Mortgage Finance Development 468