Housing Wire

JANUARY 16, 2025

If someone calls claiming to be a government official, the FCC recommends hanging up and instead calling the number listed on that government agency’s official website. Insurance fraudsters are also prone to acting fast after storms.

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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

JULY 25, 2024

Home insurance premiums have risen by as much as $865 this year for homeowners who originally purchased their policies in 2021. In response, the mortgage industry and federal regulators are aiming to determine the best courses of action to mitigate the financial burdens on both homeowners and insurance carriers.

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Housing Wire

MAY 20, 2024

Fraud and forgery claims represented more than one-fifth of the total dollars spent by title insurers on claims expenses and losses over the past decade, according to a study conducted by Milliman and commissioned by the American Land Title Association (ALTA). the risk of not purchasing a title insurance policy is far too high.”

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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

JANUARY 22, 2025

LERETA highlighted that 68% have experienced monthly mortgage payment increases due to rising property taxes and insurance premiums. Meanwhile, 27% would do the same if insurance costs skyrocketed. After that, 70% had higher homeowners’ insurance and 57% had higher premiums.

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Housing Wire

JULY 22, 2024

In a recent episode of “Ten Minute Talks,” HousingWire President Diego Sanchez and Alita Group President Stacy Mestayer discussed an alternative option to title insurance. Sanchez addresses the current version of title insurance and why an alternative is needed.

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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 addition to sharing his thoughts on the housing market and macroeconomic landscape, Nolan also had some things to say about the recent title insurance proposals announced by the federal government.

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Housing Wire

JULY 30, 2024

As the mortgage and real estate markets continue to face challenges, nearly 800,000 low down payment home purchases in 2023 leveraged private mortgage insurance (PMI), with first-time homebuyers accounting for 64% of the total. Mortgage Insurers (USMI). In terms of outstanding debt, the industry insures approximately $1.6

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Housing Wire

JANUARY 10, 2025

Less than 10 days into 2025, California is experiencing a multibillion-dollar wildfire disaster that is further shaking up the states already vulnerable insurance coverage. I think what we’ve got to look at is, what can the government do to back up the ability for people to have insurance coverage? Waters said.

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Housing Wire

MAY 21, 2024

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. CRE loans, which face higher risk ratings and lack government support, present a higher risk for a similar yield compared to SFR mortgages.

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Housing Wire

JULY 10, 2024

United Wholesale Mortgage (UWM) announced on Wednesday that it will temporarily give a 125-basis points incentive in some government refinancing programs, another step to guarantee the retention and attraction of home borrowers looking to lower their mortgage rates. The Govy125 program includes any note rate, any occupancy for the U.S.

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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?

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Insurance Easement Real Estate Investing 518

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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Housing Wire

OCTOBER 2, 2023

Lawmakers from the House of Representatives and the Senate averted a government shutdown on Saturday, just hours ahead from a funding lapse. Passage allows Congress to fund the government for 45 days, provide $16 billion in disaster assistance, and temporarily extend the National Flood Insurance Program. the NAR said.

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Insurance Government Home Value Realtors 448

Housing Wire

JUNE 7, 2024

This problem is not easily solved, but some private companies and county governments are trying valiantly to stem the tide by offering title monitoring services, which alert property owners as soon as a deed affecting their title is filed. These services, while helpful, only provide a reactive solution. The damage has already been done.

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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. An overhaul of the homeowners insurance market is in order to prevent an impending catastrophe in the mortgage market. And that’s where policies are available.

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Housing Wire

OCTOBER 6, 2023

New American Funding ’s partnership with Matic Insurance and OneSource Solution will provide insurance and home setup services for existing and new customers while NAF is processing the loan. Mortgage customers can bundle food, wind, auto, pet, life and other personal lines of insurance through NAF Insurance, which is powered by Matic.

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Insurance Brokerage Government Real Estate 459

Housing Wire

OCTOBER 11, 2023

Under the waiver program, the government sponsored entity (GSE) would bypass traditional title insurance by granting certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie. In August, however, news broke that Fannie had decided to scrap the pilot program before it had even launched.

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Insurance Government Real Estate Finance 448

Housing Wire

OCTOBER 4, 2023

Senate and the House of Representatives introduced new bills requiring title insurance on mortgages purchased by government-sponsored enterprises (GSEs). The new language prohibits GSEs from purchasing conventional mortgages for one- to four-unit properties unless the loans have primary-lien title insurance. On Thursday, U.S.

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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

JUNE 30, 2023

million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. Like its peers, Movement has the authority to originate and underwrite loans without first having the government review them.

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Housing Wire

NOVEMBER 19, 2024

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. The insurance commissioner there declared 13 resiliency prerequisites. Risk Rating 2.0

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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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Real Estate Marketing Insurance Property Taxes 391

Housing Wire

SEPTEMBER 15, 2023

government is seeking to sell $13 billion worth of mortgage bonds amassed after the failures of both Silicon Valley Bank (SVB) and Signature Bank earlier this year.

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Housing Wire

FEBRUARY 3, 2025

The checklist covers such broad areas and topics as: organizational structure; litigation; compliance ; intellectual property; real property; financial and tax; labor and employment; material, vendor, and software contracts; insurance; and customers. Patent & Trademark Office. Is the seller subject to a probationary review?

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Mortgage Contracts Sellers Insurance 418

Housing Wire

JANUARY 15, 2025

Under the new law, if a deed or mortgage is filed with the clerk of a superior court for recording by a self-filer i.e., a person who is not an insurance agent, attorney, bank or credit union agent, mortgage lender or servicer, land surveyor or public official it must be submitted via electronic filing.

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Law Real Property Insurance Training 397

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 370

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

Housing Wire

JANUARY 13, 2025

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are aiming to remind homeowners and renters impacted by the ongoing wildfires in Los Angeles of various relief options. These include forbearance and other payment deferral plans, as well as disaster recovery counseling programs through the U.S.

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Mortgage Legal Insurance Development 397

Appraisal Buzz

MARCH 20, 2025

Life insurance companies had the fastest growth in commercial debt outstanding over the past year, accounting for almost 39% of the annual increase. CMBS, CDO, and other ABS issues hold $626 billion (13%), while life insurance companies possess $779 billion (16%). Holdings of life insurance firms rose by $22.7 trillion, up 5.4%

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Mortgage Insurance Government Investors 195

Appraisal Buzz

FEBRUARY 20, 2025

Open to all mortgage lending and servicing professionals, GSEs , government entities, and Legal League members, the annual Spring Servicer Summit gathers the nations elite financial services law firms to discuss default policies, procedures, and emerging issues with leading mortgage servicing executives.

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Housing Wire

MAY 16, 2024

UWM’s TRAC+ announcement comes as the federal government pushes title insurance alternatives designed to save consumers money. The product is available on conventional, Federal Housing Administration (FHA), and U.S. 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 25, 2023

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”

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Insurance Housing Market Marketing Agents 370

Housing Wire

OCTOBER 22, 2024

30, approximately $200 billion in unpaid principal balance, more than 30% of the loans in our portfolio, had a rate above 5%, $90 billion of which was government-insured or guaranteed loans, and $108 billion of which was conventional and other loans,” Spector said. “As of Sept.

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Housing Wire

APRIL 2, 2025

Terms of the product are broadly similar to those that govern the Federal Housing Administration s Home Equity Conversion Mortgage ( HECM ) loan. 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 313

Housing Wire

AUGUST 13, 2024

The American Land Title Association is making it clear that it won’t have the Consumer Financial Protection Bureau making drastic changes to title insurance without first at least hearing the trade groups thoughts on the issue. 2, the trade group stressed the importance of title insurance. 2, 2024.

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