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. Condos in Florida have to be next level,” said one retail lending executive.

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Housing Wire

DECEMBER 6, 2021

So far his venture-backed title company has launched platforms that have sped up title clearance and title insurance acquisition, and they have their sights on expanding into the lending and appraisal space. As title insurers our business practices and our regulatory oversight are different in every single state,” Stone said. “So

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Housing Wire

MAY 9, 2023

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. .

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Appraisal Buzz

JANUARY 29, 2025

and Anthony Carolei, Director of Risk Management for Professional Liability at Hanover, host Hal Humphreys explores the critical intersection of real estate appraisal and E&O insurance. The post Ensuring Accuracy and Protection: Real Estate Appraisal and E&O Insurance appeared first on Appraisal Buzz.

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Housing Wire

JANUARY 30, 2025

These are the two most destructive wildfires in modern California history, and probably the modern history of the country, I would imagine, said Jesse Gundersheim, senior director of market analytics for Orange County and the Inland Empire at CoStar Group , the parent company of Homes.com. billion in value.

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Housing Wire

MARCH 11, 2025

The funding round was led by prior investors Ribbit Capital , DST Global and NFX along with new investor Progressive Insurance. Were excited to invest in Tomo and to support their mission to modernize the home buying experience, Erwin Raeth, corporate development leader at Progressive Insurance, said in a statement.

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Appraisal Buzz

MARCH 12, 2025

In this episode, we dive into the growing risks posed by wildfires, hurricanes, and floods, and how these extreme events are impacting property values and insurability. Shell break down which regions are most at risk, how insurers and lenders are responding, and what the future holds for disaster-prone areas.

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Appraisal Buzz

JANUARY 9, 2025

Department of Housing & Urban Development (HUD) has published a Final Rule in the Federal Register to modernize and strengthen regulations for the HOME Investment Partnership Program (HOME). HOME is one of the largest federal grant programs specifically for creating housing for disadvantaged households.

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Housing Wire

APRIL 1, 2025

The only single-family program that did not return a 403 error at the time of this writing is mortgage insurance for disaster victims. The single-family partner page also no longer includes a dedicated section for Federal Housing Administration (FHA)-insured mortgage servicing.

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Housing Wire

JANUARY 26, 2022

Venture capital firm Menlo Ventures led the latest Series B funding round, which also includes investments from title insurance company First American Financial , FinVC as well as participation from existing investors 8VC , Khosla Ventures and Fifth Wall.

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Housing Wire

JANUARY 21, 2025

Furthermore, servicers can leverage these relationships to approach consumers with value-added services including asset protection, insurance products, home improvement loans, and maintenance options. Late fees and commissions on optional insurance may also increase revenue.

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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. The 203(k) offering has two separate programs.

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Housing Wire

MAY 5, 2022

The Office of the Comptroller of the Currency , the Federal Deposit Insurance Corporation and the Federal Reserve , which together proposed the changes to the CRA, so far have not suggested that any changes be made to how the law is applied to merger and other applications related to acquisitions and expansions. “On

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Housing Wire

AUGUST 13, 2024

Enterprise also advocated for modernized applications of energy efficiency standards. Elevated insurance costs are also addressed by the letter, as Enterprise hopes standards are developed to keep costs under control while operating in a period of heightened climate risk.

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Housing Wire

MARCH 19, 2025

Modern-day concerns The growing frequency and intensity of climate-related events like hurricanes, wildfires and flooding have increased spending for disaster-driven repairs to $49 billion in 2022 and 2023. As a result, the average homeowners insurance premium jumped 17% between 2021 and 2023, the report found.

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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.

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Housing Wire

SEPTEMBER 8, 2021

Instead, the agency is proposing to replace the federal anti-redlining rule with rules adopted jointly by the OCC, Federal Deposit Insurance Corporation , and the Board of Governors of the Federal Reserve System in 1995. The agency is soliciting public commentary, due by Oct.

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Housing Wire

SEPTEMBER 11, 2024

So it’s no surprise that home sales over the last two-plus years have been at some of the lowest levels in modern history. Other holding costs for real estate include taxes and insurance. In particular, insurance can be a significant portion of monthly payments. Each state regulates its insurance markets differently.

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Appraisal Buzz

NOVEMBER 9, 2021

MGIC Investment Corporation’s principal subsidiary Mortgage Guaranty Insurance Corporation (MGIC) has announced that Sri Kadasinghanahalli joined the company on October 18, 2021 as Vice President of Systems Development. The post Kadasinghanahalli Joins Mortgage Guaranty Insurance Corporation appeared first on Appraisal Buzz.

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Housing Wire

AUGUST 29, 2024

Four title insurance firms have agreed to pay nearly $3.3 area, according to the Attorney General for the District of Columbia Allied Title & Escrow, LLC (Allied), KVS Title, LLC (KVS), Modern Settlements, LLC (Modern), and Union Settlements, LLC (Union) will pay $1.9 Four title insurance firms have agreed to pay nearly $3.3

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Housing Wire

SEPTEMBER 21, 2020

Usually, federal regulators would speak in unison on proposals to revamp rules such as the CRA, but the Fed and the Federal Deposit Insurance Corp. Brainard said the new proposal will “modernize the CRA in a way that significantly expands financial inclusion.”. declined to sign onto Otting’s proposal.

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Housing Wire

APRIL 1, 2024

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWire. Each of the agencies are named as defendants in the case.

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Housing Wire

OCTOBER 22, 2024

To help overcome these obstacles, Sagent has created its Dara Loss Mitigation platform as a solution that modernizes how homeowners and mortgage servicers address financial hardship. Unexpected financial hardships are an unfortunate but not uncommon challenge facing many homeowners.

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Mortgage Modernization Technology Design 447

Housing Wire

JULY 21, 2023

Under the FHA Modernization Act of 2008 , sellers, lenders and others with a financial interest in a real estate transaction are prohibited from providing DPA to FHA borrowers. If this change were made, the FHA program would join the other government-insured programs offered by the U.S. Department of Veteran Affairs and the U.S.

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Housing Wire

JANUARY 10, 2024

In addition, HUD improved its management over the flood insurance program by developing a reporting control to detect HUD-insured loans that do not maintain required flood insurance.”

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Housing Wire

JANUARY 31, 2024

Despite cooling interest rates , the title insurance segment at Big Four title firm Old Republic recorded a 22.8% Declines in the firm’s title segment were partially offset by growth in its general insurance sector. Looking ahead to 2024, the century-old firm says it is looking to modernize through improved technology and automation.

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Housing Wire

SEPTEMBER 6, 2024

For more than two years, a storm has been brewing in the title insurance industry. As a result of the settlements, Allied Title & Escrow LLC , KVS Title LLC , Modern Settlements LLC and Union Settlements will collectively pay more than $3.2 or divest real estate agents from their ownership interests. Unlike RESPA, the D.C.

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Insurance Real Estate Agent Law Real Estate 459

Housing Wire

OCTOBER 21, 2024

Yet ‘renting by choice’ is also on the rise as it offers flexibility, less financial commitment, and freedom from the burdens of property taxes, maintenance, and insurance. In Florida, rising insurance premiums tied to natural disasters like hurricanes can make homeownership more of a liability than an asset.

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Housing Wire

NOVEMBER 17, 2020

“Zavvie Pro keeps the modern agent at the center of every sales transaction, no matter what the homeowner decides,” Lane Hornung, zavvie co-founder, and CEO, said in a statement. “Webuilt zavvie Pro to help the modern agent generate more seller leads, win more listings, and always earn a commission.”.

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Real Estate Modernization Real Estate Agent Sellers 412

Housing Wire

JUNE 20, 2023

Another proposed rule “would establish through rulemaking the circumstances in which governmental entities are deriving a prohibited financial benefit” from mortgage insurance for loans involving down payment assistance programs , with an initial notice proposal planned for May 2024. An initial notice on this proposal is expected this month.

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Housing Wire

DECEMBER 2, 2020

More than that, the fintechs that flooded in brought with them a promise to modernize the mortgage industry with data-rich, cloud-enabled and digitally secure workflows. Meanwhile, companies like Matic Insurance and StreamLoan are finding ways to embed homeowners’ insurance quotes directly into the mortgage workflow.

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Housing Wire

FEBRUARY 1, 2023

To this end, Sagent believes servicing fintech must address three areas to set a modern data standard in 2023 and beyond: First, homeowners should be able to access their data easily and securely from any device to manage every aspect of their home-owning lives.

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Appraisal Buzz

JULY 9, 2024

Again, CoreLogic Hazard HQ Command Central estimates that total insured wind and storm surge losses in Texas will be between $700 million and $1.5 According to CoreLogic’s models, insured losses could have mounted if the storm made landfall directly over a densely populated costal city such as Corpus Christi or Galveston.

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Housing Wire

JULY 28, 2022

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. Up until now, Xactus obtained data from third parties.

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Housing Wire

MAY 17, 2021

.” The bill has been endorsed by a wide array of organizations, including ALTA, Mortgage Bankers Association (MBA), the National Association of Realtors (NAR), the American Council of Life Insurers (ACLI). “It makes sense to embrace remote online notarization as a permanent innovation.” million in the U.S. –

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Housing Wire

JANUARY 29, 2024

Meanwhile, homeowners insurance is increasingly becoming a bigger issue for consumers and servicers. In California, Texas and Louisiana, as well as portions of other states that are at risk for natural disasters , just getting homeowners insurance is getting more difficult as large insurers stop writing coverage.

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Insurance Real Estate Technology Clients 448

Housing Wire

FEBRUARY 14, 2024

Additionally, modern mortgage servicing software and Application Programming Interfaces (APIs) automate investor reporting and compliance and create a more efficient workflow, effectively allowing servicers to service loans in-house to maximize their advantages. Late fees and commissions on optional insurance can also increase revenue.

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