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.

Mortgage 328

Mortgage Investors Insurance Inspection 328

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 Additionally, the law states that condos can no longer waive funding reserves for building components that are deemed critical to structural soundness.

Inspection 488

Inspection Insurance Marketing HOA 488

Housing Wire

JANUARY 27, 2025

The companies advertise no monthly payments and require consumers to assume all costs for property taxes, hazard insurance, and property maintenance, and require a large settlement payment, similar to the loans originated in the early 2000s that were negative amortizing and required a balloon payment at the end of the loan term, the report said.

Contracts 370

Contracts Mortgage Property Taxes Law 370

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.

Insurance 459

Insurance Mortgage Property Taxes Construction 459

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.”

Insurance 435

Insurance Law Construction Government 435

Housing Wire

OCTOBER 18, 2024

” A combination of soaring insurance rates and new regulations on condo association reserves and building maintenance work has created a surge in condo inventory in Florida. The law also requires buildings to complete a structural integrity reserve study that will assess how much work needs to be done.

Marketing 524

Marketing Mortgage Finance Lending 524

Housing Wire

JANUARY 15, 2025

Federal classification While laws across several U.S. Prior to the 2023 incident, Kemp explained that his health provider began requiring only private insurance, which prevented him from getting prescriptions. The conflicting State and Federal law presents a challenge to administer a federally funded Housing Choice Voucher Program.

Law 370

Law Legal Insurance Government 370

Housing Wire

MARCH 24, 2022

The Federal Housing Administration insured thousands of mortgages in 2020 without the mandatory flood insurance coverage. According to the watchdog, at least 31,500 FHA-insured loans insured did not have the required National Flood Insurance Program coverage. The potential loss on these loans could amount to $1.5

Insurance 397

Insurance Mortgage Government Development 397

Housing Wire

JUNE 12, 2024

But when we say this is the Ultimate Resource Guide for title insurance professionals, we mean it! Associations American Land Title Association (ALTA) ALTA serves as the national trade association and voice for the title insurance industry, representing over 6,000 title insurance companies, agents and real estate attorneys.

Insurance 339

Insurance Legal Design Training 339

Housing Wire

APRIL 14, 2022

Fannie Mae generated some buzz last week when it announced it would be accepting written attorney opinion letters in lieu of a title insurance policy “in limited circumstances.”. Title insurance came to be because attorney title opinions were not adequate for the marketplace.

Insurance 418

Insurance Renovations Real Estate Law 418

Housing Wire

NOVEMBER 13, 2024

There’s much more to consider — like insurance regulations or local zoning laws — making having an expert in this space crucial.” . “Agents become more like wealth managers, helping them evaluate investment potential, seasonal rental opportunities, and resale value.

Agents 370

Agents Marketing Luxury Properties Real Estate 370

Appraisal Buzz

MARCH 5, 2025

A graduate of the Pennsylvania State University, he obtained his law degree from Widener University, with honors, where he served as Internal Managing Editor of the Law Review. Q: Insurance issues are hot right now. Hladik: Insurance issues are going to be a driver in payment difficulties for borrowers.

Legal 221

Legal Insurance Law Lending 221

Housing Wire

MARCH 4, 2025

The bill passed the Alabama House of Representatives in mid-February and is currently on the calendar of the state Senates banking and insurance committee for further review. But he also thinks this law could open up agents to more liability rather than protecting them from further litigation.

Legal 368

Legal Buyers Realtors Brokerage 368

Housing Wire

DECEMBER 5, 2022

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. The vast majority of respondents (82%) work at independent title companies or law firms and 67% have 25 or few employees at their organization.

Insurance 397

Insurance Bracketing HOA Law 397

Housing Wire

MARCH 3, 2025

But the existing disclosures required under federal and state laws already serve to overwhelm reverse mortgage clients, the letter stated, and state-level code already requires numerous reverse mortgage disclosures to borrowers in New York. New York state has passed at least two consequential reverse mortgage laws in recent years.

Mortgage 229

Mortgage Law Property Taxes Clients 229

Housing Wire

SEPTEMBER 6, 2024

For more than two years, a storm has been brewing in the title insurance industry. As part of the settlement, the firms agreed to end the practice of giving real estate agents consideration for the referral of title insurance business, and they will cease their title insurance operations in Washington, D.C., Although the D.C.

Insurance 459

Insurance Real Estate Agent Law Real Estate 459

Housing Wire

MARCH 10, 2025

However, long-standing challenges still persist within foreclosure firms, title and escrow companies, and title insurance underwriters. Fortunately, information technology company Mortiles brings comprehensive solutions to the ever-changing title insurance, escrow and settlement arena. What drew you to the title search industry?

Technology 324

Technology Clients Real Estate Insurance 324

Housing Wire

FEBRUARY 26, 2024

The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. And homeowners insurance costs are three times higher in Florida than the national average. It’s causing buyers to rethink their plans.”

HOA 501

HOA Law Insurance New Listings 501

Housing Wire

NOVEMBER 19, 2024

This version also permits solicitations initiated by the mortgage originator and servicer, and by insured depository institutions and credit unions with active consumer accounts. The CDIA told HousingWire in a statement that “mortgage lenders should not inundate consumers with unwanted telephone solicitations.”

Mortgage 397

Mortgage Legal Law Insurance 397

Housing Wire

JANUARY 30, 2025

One of the things that we’ve been intrigued by is a way for people who have had their home burned down, and perhaps they can’t recover through insurance , is using some of the land-use reform laws in California to be able to think about rebuilding their land differently, he said.

Modernization 362

Modernization Real Estate Housing Market Legal 362

Housing Wire

SEPTEMBER 27, 2023

Many of these laws target specific types of real estate deemed crucial to national security, such as farmland or property near military installations, while other laws apply more broadly to all types of land. Laws should also be clear on the role title insurance professionals play in facilitating transactions with foreign owners.

Law 434

Law Real Estate Insurance Legal 434

Housing Wire

FEBRUARY 26, 2025

Rising maintenance costs, property taxes and insurance expenses are also pressing concerns. Additionally, more stringent laws and regulations continue to shape landlord decision-making across all regions and portfolio sizes. Despite expansion and renovation plans, landlords face notable obstacles.

Real Estate 274

Real Estate Home Improvement Landlords Investors 274

Housing Wire

JUNE 14, 2024

The White House on Thursday nominated Christy Goldsmith Romero as chair of the Federal Deposit Insurance Corp. By nominating an individual to the FDIC Board who lacks state bank supervisory experience, the White House, once again, has ignored the requirements of the Federal Deposit Insurance Act,“ Lawson said.

Law 459

Law Insurance Government Business 459

Appraisal Buzz

FEBRUARY 26, 2025

Across all areas and portfolio sizes, landlords continue to face additional operational challenges, such as higher maintenance, property tax, and insurance expenses, as well as stricter laws and regulations.

Real Estate 327

Real Estate Investors Landlords Renovations 327

Housing Wire

FEBRUARY 7, 2025

council enacted the Fairness and Stability in Housing Amendment Act of 2024 , which amends specific housing agency laws to allow for protections for older district residents with a reverse mortgage loan. The governing council of the nations capital, Washington, D.C. In mid-January, the D.C. Mayor Muriel Bowser approved the measure on Jan.

Mortgage 312

Mortgage HOA Law Insurance 312

Housing Wire

MARCH 25, 2024

Illinois-based State Farm General Insurance will not renew 30,000 residential property insurance policies in California , as well as 42,000 commercial apartment policies in the state, the company announced last week. The insurance carrier will continue to collaborate with Gov. It is necessary to take these actions now.”

Insurance 482

Insurance Law Business Housing Market 482

Appraisal Buzz

SEPTEMBER 25, 2024

On May 30, 2024, the Supreme Court of the United States (SCOTUS) issued its opinion on a matter of far-reaching consequence—whether the National Bank Act preempts a New York State consumer financial law requiring payment of interest on mortgage escrow accounts in the case of Cantero v. Nelson, Florida Insurance Commissioner, et al.,

Law 221

Law Legal Insurance Government 221

Appraisal Buzz

OCTOBER 1, 2024

Last year, National General Lender Services published an article highlighting that secondary perils, such as severe convective storms, wildfires, and river floods, are significantly impacting the insurance industry. Coupled with reforms in the state’s insurance code, the Florida insurance market is moving toward a more stable foundation.

Insurance 221

Insurance Marketing Law Modernization 221

Housing Wire

AUGUST 6, 2021

The company, one of the “Big Four” title insurers, agreed to pay a $1.185 million penalty after California state regulators alleged that a marketing representative provided agents illegal perks such as video marketing and drone footage of listings with placement on social media sites, and bus caravans to promote listings.

Agents 459

Agents Real Estate Agent Insurance Real Estate 459

Housing Wire

MARCH 6, 2025

AmTrust Title Insurance Co. , and has underwritten title insurance transactions nationwide, including reinsurance and international title insurance transactions. and has underwritten title insurance transactions nationwide, including reinsurance and international title insurance transactions. said Gosdin.

Insurance 202

Insurance Real Estate Legal Law 202

Housing Wire

SEPTEMBER 28, 2023

Kathy Hochul (D) last week signed a bill into law that establishes a flood risk “right to know” for homebuyers. This legislation eliminates the ‘credit provision’ and requires the disclosure of information concerning flood risk, flood history, and flood insurance on real property transactions.”

Law 435

Law Insurance Real Property Tools 435

Housing Wire

NOVEMBER 22, 2023

FNF blocked access to certain systems, which resulted in disruptions to title insurance, escrow and other title-related services, as well as mortgage transactions and technology for the real estate and mortgage industries, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday.

Insurance 482

Insurance Law Technology Real Estate 482

Housing Wire

MARCH 22, 2021

The Insurance Commissioner for the state of Washington apparently concluded that Modus offered real estate agents and their clients a “thing of value,” such as free home warranties, other closing-related services, in exchange for switching their escrow and title services to Modus.

Insurance 459

Insurance Real Estate Agent Real Estate Brokerage 459

Housing Wire

JULY 3, 2024

Department of Housing and Urban Development (HUD) on Wednesday announced that it has released five new language translations for 19 separate single-family mortgage documents used for Federal Housing Administration (FHA)-insured mortgage servicing.

Mortgage 448

Mortgage Insurance Tools Law 448

Housing Wire

JANUARY 19, 2023

Title insurance is one such proven product with a long history of protecting homeowners’ right to property. Before title insurance, property rights were not guaranteed. But in 1868, a Pennsylvania Supreme Court decision led to the codification of the incorporation and regulation of title insurance companies into law.

Insurance 476

Insurance HOA Real Estate Law 476

Housing Wire

OCTOBER 9, 2023

AI-generated image of two lawyers scrutinizing title insurance joint venture agreements. Regulators are bearing down The stakes are high for title insurance firms that have joint ventures operating in the gray areas of the law. Many states have their own laws that prohibit kickbacks for referrals, like RESPA does.

Real Estate 468

Real Estate Insurance Real Estate Agent Brokerage 468

Housing Wire

APRIL 5, 2022

Today, the law is not yet clear on whether or not virtual land in the Metaverse is “actual” real estate. There is no public guidance from state or federal regulators at the time of this writing as to whether mortgages for virtual real estate are governed by traditional laws and regulations that govern traditional mortgages.

Real Estate 532

Real Estate Mortgage Property Taxes Law 532