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Private equity and insurance companies piling into residential mortgages

Housing Wire

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. Moreover, the prolonged high-interest-rate environment is leading to lower refinancing rates, which extends the duration of cash flows that investors can expect from these assets.

Insurance 488
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Fix-and-flip investors say they’re discouraged by higher mortgage rates, home prices

Housing Wire

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. On a national scale, 46% of investors reported facing more competition for deals than expected.

Investors 327
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Real estate investors have a ‘cautiously optimistic’ outlook: survey

Housing Wire

Single-family rental (SFR) investors are worried about the rising cost of home insurance, but the majority expect to buy more properties in the next year as mortgage rates cool and home-price growth subsides. This is due in part to skyrocketing insurance costs in many parts of the country. S&P Global found that U.S.

Investors 459
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National Mortgage Insurance integrates with Vesta LOS

Housing Wire

National Mortgage Insurance Corporation (National MI) announced on Tuesday its integration with Vesta , a loan origination system (LOS) provider and software-as-a-service company. ” National MI’s API platform lets lenders and LOS providers quickly and seamlessly retrieve accurate mortgage insurance quotes through Rate GPS.

Insurance 395
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Real estate investor optimism is rising: RCN Capital

Housing Wire

Real estate investor sentiment rose 16% from the prior quarter and 60% of surveyed investors view the current housing market more favorably than a year ago. But there was a noteworthy divide between short-term fix-and-flip investors and long-term buy-and-hold investors when it came to market sentiment and outlook.

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Real estate investors purchased 16% of homes in Q3 2024

Housing Wire

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. The Seattle-based brokerage found that real estate investor purchases dropped by 2.3% Investors purchased $38.8 of investor purchases. .”

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Fidelity CEO says federal government’s title insurance proposals are ’misguided’

Housing Wire

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

Insurance 476