Housing Wire

AUGUST 30, 2024

As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. To avoid this, you’d need additional rule changes.

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Housing Wire

JANUARY 25, 2024

Homeowners in California now have even fewer choices in homeowners insurance carriers. The Hartford Financial Services Group , better known as The Hartford, announced Wednesday that it would no longer issue new homeowners insurance policies in California starting in February 2024. Unitrin Auto and Home Insurance Co.

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Housing Wire

MARCH 28, 2024

Florida is reckoning with a severe homeowners insurance crisis. The recent surge in both the frequency and intensity of hurricanes that have battered the state has prompted numerous insurers and reinsurers to exit the market , leaving Florida homeowners grappling with skyrocketing premiums and limited coverage options.

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Insurance Design Marketing Legal 505

Housing Wire

FEBRUARY 24, 2025

Long-term care (LTC) will likely play a large part in the lives of Americans as the population continues to age, but financing it can be a financial challenge for people particularly on a fixed income. While many retirees often do not intend to tap their home equity to finance such moves, they may often end up doing so.

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Finance Insurance Home Value Construction 357

Housing Wire

MARCH 14, 2024

The dream of homeownership is becoming increasingly elusive for many Americans as both home prices and insurance premiums are on the rise. Homeowners insurance premiums are climbing too. The average cost of insuring a $300,000 property surged by 12% in 2023, reaching $1,770 per year, according to a recent Insurify report.

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Insurance Buyers Finance Real Estate 493

Housing Wire

AUGUST 26, 2024

retirement system due to the rising prices of home insurance across the country, according to an analysis from online insurance marketplace Insurify. “A Insurify’s data science team analyzed the rising costs of essentials, including home insurance in every state, to find out how inflation is affecting retirees in 2024.”

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Housing Wire

JULY 24, 2024

While it may be easy to attribute the slower market conditions to the state’s well-publicized insurance issues , local agents say there is a perfect storm of factors. “It Insurance is still a major hurdle for many. Altos’ data shows that the 90-day median time on market jumped from 49 days a year ago to 70 days as of mid-July.

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Inspection Insurance Marketing HOA 488

Housing Wire

DECEMBER 3, 2024

Zillow Home Loans — the platform’s affiliate mortgage lender — pushes the future of financing. Users can enter a potential home price, down payment, interest rate, loan terms, property taxes, insurance costs, and homeowners association (HOA) fees. Financing is an unavoidable part of the home buying journey for most buyers.

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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.

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Insurance Mortgage Property Taxes Construction 459

Housing Wire

NOVEMBER 12, 2024

Cornerstone Financing , a venture co-founded by former Reverse Mortgage Funding (RMF) CEO Craig Corn, has secured $285 million in financing through global investment firms Aquiline Capital Partners LP and Nomura. CHEIFS is currently available in four states: Arizona , California , Florida and Pennsylvania. 31 of that year.

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Finance Mortgage Insurance Investing 369

Housing Wire

SEPTEMBER 9, 2024

Homeowners insurance costs are higher now than they have typically been , which has the potential to hit those living on a fixed income particularly hard. Currently, they say my insurance just went through the roof.” I currently have a woman right now, her insurance went from $3,000 to $14,000.

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Insurance Mortgage Clients Finance 448

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.

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Insurance Mortgage Business Development 459

Housing Wire

JANUARY 3, 2024

The rising cost of homeowners insurance is weighing more heavily on American homeowners and buyers, according to a survey published Wednesday by Mphasis Digital Risk , a technology services company serving the residential real estate lending industry. average, according to estimates from the Insurance Information Institute.

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Housing Wire

DECEMBER 12, 2023

Homeowners are increasingly concerned with flood insurance premium hikes impacting affordability, Fannie Mae ‘s latest national flood survey showed. The latest survey is an expansion from its 2020 version and compared how homeowners’ and renters’ awareness and attitudes towards flood risk and flood insurance changed over the years.

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Insurance Home Value Government Design 448

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.

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Insurance Property Management Housing Market Marketing 379

Housing Wire

SEPTEMBER 26, 2024

Real estate data company StreetWire has partnered with Northern California MLS MetroList to produce an insurance product called Home Value Lock. The coverage is good for three years after the closing date on a home purchase, and the insurance covers up to 10% of the original purchase price.

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Home Value Insurance Real Estate Design 435

Housing Wire

MAY 9, 2024

Despite the necessary requirement for a homeowner to maintain insurance on their property for protection against human- and naturally-occurring disasters, the impacts of climate change are creating “natural” scenarios that are increasingly not covered by insurance.

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Insurance Finance Real Estate 418

Appraisal Buzz

MARCH 3, 2025

Property insurance costs for mortgaged single-family homes rose by a record $276 (+14%) to $2,290 in 2024 with average premiums now up 61% over the past five years. of borrowers switched insurance providers in 2024, up from 9.4% of borrowers switched insurance providers in 2024, up from 9.4%

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Housing Wire

OCTOBER 3, 2024

.” The exploding cost of homeowners insurance —which is largely regulated by states—also likely requires federal action, Stork said. Remarkably, insurance agencies have blown off attempts from Federal Housing Finance Agency Sandra Thompson to meet. “Something needs to be done.” ”

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Insurance Technology Lending Business 433

Housing Wire

FEBRUARY 28, 2024

Rocket Companies will soon shut down Rocket Pro Originate , a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages.

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Real Estate Insurance Agents Real Estate Agent 516

Housing Wire

APRIL 1, 2024

In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And There’s a lot more capital in the picture — in particular, insurance capital — which needs the rating for them to buy the bond,” Matthews said. “So,

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Finance Investing Real Estate Agent Real Estate 468

Housing Wire

MAY 16, 2024

UWM’s TRAC+ announcement comes as the federal government pushes title insurance alternatives designed to save consumers money. Department of Veteran Affairs (V.A.) loans but only for refinances. 0% down During UWM Live!

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Insurance Agents Real Estate Agent Mortgage 476

Housing Wire

JULY 18, 2024

Closing tasks such as appraisal , inspection, title insurance and homeowners insurance are done remotely. Loans are asset based and rely on the cash flow of the property rather than the borrower’s personal income. Buyers can also use Waltz to connect with a property manager or tax adviser. residential real estate is low.

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Finance Real Estate Investors Legal 448

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.

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Insurance Real Estate Agent Construction Development 497

Housing Wire

AUGUST 29, 2024

In 2020, a colleague approached her about establishing a Phoenix-based chapter of Women in Insurance and Financial Services (WIFS), an association of financial services professionals who aim to “attract, develop and advance women in an underrepresented profession,” according to the WIFS National website. “I

Finance 448

Finance Mortgage Real Estate Agent Insurance 448

Housing Wire

OCTOBER 3, 2024

.” The exploding cost of homeowners insurance — which is largely regulated by states — also likely requires federal action, Stork said. Remarkably, insurance agencies have blown off requests to meet with Federal Housing Finance Agency Director Sandra Thompson. “It’s keeping people on the sidelines. ”

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Insurance Technology Lending Business 363

Housing Wire

JANUARY 10, 2025

Leading reverse mortgage industry lender Finance of America (FOA) also expressed concern for residents and affiliates impacted by the wildfires and is working to deploy its own resources quickly. The situation in Los Angeles is heartbreaking.

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Insurance Mortgage Clients Finance 397

Appraisal Buzz

FEBRUARY 25, 2025

FinRegLab analyzed this situation in a new report to see how automating and updating federal insurance programs to make them home only might ease some of the strain of the affordable housing crisis. Increasing access to affordable home-only loans is an important strategy for addressing the housing crisis, said FinRegLab CEO Melissa Koide.

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Modernization Finance Insurance Government 221

Housing Wire

DECEMBER 14, 2023

In an update to its selling guide , Fannie Mae announced Wednesday that it was expanding the use of attorney opinion letters in lieu of title insurance. Fannie Mae first announced that it would accept loans secured with an AOL in lieu of title insurance in limited circumstance in April 2022.

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Insurance Finance Renovations Government 466

Housing Wire

DECEMBER 11, 2024

In a session chaired by Longbridge Financial CEO and Columbia University finance professor Chris Mayer, researchers shared findings including those related to health care costs and their contributions to housing affordability issues faced by seniors. population, on housing demand, according to the report.

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Finance Development Insurance Investing 370

Housing Wire

NOVEMBER 19, 2024

The Bipartisan Congressional Real Estate Caucus is calling on the Federal Housing Finance Agency (FHFA) to cease its pilot program for title insurance waivers until the program is vetted and the agency seeks public input on it. The National Council of Insurance Legislators and 14 attorneys general have also pushed for its termination.

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Insurance Training Agents Real Estate 418

Housing Wire

AUGUST 13, 2024

Influential housing nonprofit Enterprise Community Partners this week submitted a comment letter to the Federal Housing Finance Agency (FHFA) regarding the Duty to Serve (DTS) plans submitted by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

Insurance 448

Insurance Modernization Finance Government 448

Housing Wire

JULY 24, 2024

Attorneys general in 14 states have joined together to send a letter to Federal Housing Finance Agency (FHFA) director Sandra Thompson that urges the termination of the agency’s title waiver pilot program. Title insurance is a state-regulated industry, and homeowners will be better served if it stays that way.

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Insurance Training Finance Investing 459

Housing Wire

MARCH 8, 2024

Despite the protests of the title insurance industry, Fitch Ratings does not believe the lender title insurance waiver pilot program for certain refinance transactions announced by the Federal Housing Finance Agency (FHFA) on Thursday will have an impact on title insurer ratings.

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Insurance Finance Government Mortgage 459

Housing Wire

AUGUST 27, 2024

The Federal Housing Administration (FHA) announced late last week that the previously detailed updates and expansions to its 203(k) Rehabilitation Mortgage Insurance Program will be incorporated into updates for the FHA Connection (FHAC) portal. FHA has also updated its FHAC guide to provide details for these changes.

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Renovations Modernization Insurance Finance 448

Appraisal Buzz

AUGUST 22, 2024

The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the GSEs) are issuing updates to the Private Mortgage Insurer Eligibility Requirements (PMIERs) –the financial and operational standards that private mortgage insurance companies must meet to provide insurance on mortgage loans acquired by the GSEs.

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Insurance Finance Mortgage Real Estate 368

Housing Wire

JUNE 5, 2024

Today, HUD is providing new resources for preserving and revitalizing these communities by providing FHA-insured financing to mission-focused groups to buy or refinance and revitalize manufactured homes. “Manufactured home communities offer a stable and affordable housing option for many families,” Todman said in a statement.

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