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

MARCH 3, 2025

Annual property insurance costs for mortgaged single-family homes rose by a record $276 (or 14%) to $2,290 in 2024, per the latest Intercontinental Exchange (ICE) Mortgage Monitor Report released Monday. of borrowers switched insurance providers in 2024, up from 9.4% ICE loan-level data shows that a record 11.4%

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Insurance Mortgage Housing Market Marketing 312

Housing Wire

JANUARY 15, 2025

Rising personal home insurance rates, fueled by escalating claims costs, increasing property values and the growing frequency of natural disasters, will all have a profound impact on market dynamics and homeowners insurance costs. In the first half of 2024 alone, insured losses hit $62 billion , 70% above the 10-year average.

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Real Estate Insurance Marketing Clients 369

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. 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.

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Insurance Real Estate Housing Market Mortgage 360

Housing Wire

JANUARY 28, 2025

These may be mortgages , tax liens, HOA liens, child support judgments, etc. Critical role of title insurance Thats where the story of title insurance begins. Title insurance policies solve these problems by protecting buyers against legal challenges to their ownership.

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Insurance Legal Government Real Estate 418

Housing Wire

MARCH 19, 2025

While most of the insurance crisis news is focused on the impact of hurricanes and wildfires , hail is gaining ground as the repair of storm-damaged houses has grown so expensive that insurers are increasing premiums and even dropping homes to protect profits. Lopez, CEO of Your Insurance Attorney , told HousingWire.

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Housing Wire

APRIL 18, 2025

The title insurance industry is on track for steady expansion over the next decade, driven by surging real estate activity, advancing technology and tightening regulatory frameworks. According to Market Research Future (MRF), the title insurance market is expected to grow from $4.15 billion in 2025 to $5.69

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Insurance Marketing Real Estate Technology 262

Housing Wire

FEBRUARY 27, 2025

American homeowners are struggling to keep up with unpredictable natural disasters and the rising homeowners insurance premiums that follow them. Residents are more willing to move if it means avoiding high insurance rates, according to a new study from mortgage technology company Maxwell.

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Insurance Property Taxes Technology Mortgage 285

Appraisal Buzz

MARCH 18, 2025

ACES Quality Management has released its quarterly ACES Mortgage QC Industry Trends Report, covering the third quarter of 2024, an analysis of a post-closing quality control data derived from ACES Quality Management & Control software. Click here for more on the Q3 ACES Mortgage QC Industry Trends Report.

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Insurance Mortgage Technology Appraisal 248

Housing Wire

JANUARY 16, 2025

The Federal Communications Commission (FCC) this week warned consumers in all 50 states that fraudsters are posing as mortgage lenders by calling homeowners and asking them to pony up on payments. The FCC estimates that Green Mirage has impersonated over 400 mortgage lenders.

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Mortgage Insurance Government Lending 370

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

FEBRUARY 27, 2025

With the uptick in the severity and frequency of these natural disasters , as well as the rising costs to rebuild and reinsure, more real estate professionals and consumers are finding homeowners insurance to be a far greater concern than ever before. That has changed. The first is the frequency and severity of natural disasters.

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Insurance Property Taxes Construction Housing Market 243

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. In 2013, Corn and his partners launched RMF , which became a leading reverse mortgage lender. 31 of that year.

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Finance Mortgage Insurance Investing 369

Housing Wire

APRIL 9, 2025

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) related to the Home Equity Conversion Mortgage ( HECM ) program, there are four open recommendations according to a review by HousingWire ‘s Reverse Mortgage Daily (RMD). Three of them, however, are largely centered on the same issue.

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Mortgage Insurance Retail Legal 383

Housing Wire

OCTOBER 24, 2024

Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week. It is utilizing a cross-selling strategy that offers additional products to its existing customers in an evolving mortgage landscape.

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Mortgage Real Estate Agent Technology Real Estate 448

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. One Florida mortgage broker said the Provident exit gave him “a feeling that we will see other major lenders exiting the condominium market in Florida.

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Marketing Mortgage Finance Lending 524

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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Mortgage Investors Insurance Inspection 341

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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Insurance Mortgage Government Marketing 476

Housing Wire

NOVEMBER 22, 2024

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. Home affordability challenges presented the biggest challenge for home flippers.

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Investors Mortgage Property Taxes Inventory 433

Housing Wire

AUGUST 22, 2024

The Federal Housing Finance Agency (FHFA) on Wednesday updated its capital requirements for private mortgage insurers and allowed rules established during the COVID-19 pandemic to sunset. According to the USMI, private mortgage insurers held more than $26.8 Companies will have two years to fully implement the changes.

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Insurance Mortgage Finance Construction 459

Housing Wire

JANUARY 13, 2025

The report is based on a sample of mortgage applications from 2018 to 2022, and it examines flood risk in the southeast and central southwest census regions of the United States, according to flood risk data from the Federal Emergency Management Agency (FEMA) and the First Street Foundation.

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Insurance Mortgage Marketing Real Estate 370

Housing Wire

APRIL 18, 2025

The persistently high levels of CPL validation errors, wire issues, and data mismatches highlight the urgent need for real-time source data verification and trusted data sets in critical mortgage workflows, FundingShield said. Insurance coverage issues stayed relatively low at 0.65%. of transactions in Q1 2025, up from Q4 2024.

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Insurance Real Estate Law Agents 360

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. These strong fund flows are resulting in tighter credit spreads, higher prices, and an increased focus on sourcing new originations.

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Insurance Mortgage Investors Finance 488

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). trillion in mortgages.

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Insurance Mortgage Finance Buyers 459

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. A lot of my calls start with clients asking about whether or not they should get a reverse mortgage,” she told the outlet. She can’t afford to pay that any longer,” Calamia said.

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Insurance Mortgage Clients Finance 448

Appraisal Buzz

DECEMBER 17, 2024

The most recent Commercial Delinquency Report from the Mortgage Bankers Association (MBA) shows that commercial mortgage delinquencies rose in the third quarter of 2024. These groups collectively own almost 80 percent of the outstanding debt from commercial mortgages. To read the full release, click here.

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Mortgage Investors Real Estate Development 397

Housing Wire

FEBRUARY 3, 2025

There is constant movement in the mortgage industry with the desire for growth and expansion. Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target. Regulatory compliance The mortgage industry is heavily regulated and subject to scrutiny by both State and Federal agencies.

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Mortgage Contracts Insurance Sellers 418

Appraisal Buzz

FEBRUARY 17, 2025

According to the Mortgage Bankers Association (MBA), approximately 20% ($957 billion) of $4.8 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3% increase from the $929 billion that matured in 2024. The post What Percentage of Commercial Mortgage Balances Will Mature in 2025?

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Mortgage Real Estate Investors Retail 351

Appraisal Buzz

JANUARY 30, 2025

While some homeowners prioritize their mortgage payments, those who are not financially prepared may face significant challenges due to other essential and frequent expenses such as homeowners insurance, property taxes, utilities, repairs, and maintenance.

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Buyers Property Taxes Mortgage HOA 335

Housing Wire

JANUARY 13, 2025

Once out of harms way, we encourage homeowners in these affected areas to contact their mortgage servicer to learn about relief options. If homeowners have been impacted by the fires, we encourage them to call their mortgage servicer for assistance as soon as possible, she said in a statement.

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Mortgage Legal Insurance Development 397

Housing Wire

NOVEMBER 19, 2024

The passage of the mortgage trigger lead bill as proposed in the U.S. The amendment addresses mortgage trigger leads , which occur when a potential borrower’s credit score is pulled for a new home loan application and credit bureaus sell the data to other companies interested in reaching the customer. included U.S.

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Mortgage Legal Law Insurance 397

Housing Wire

JANUARY 24, 2025

Rocket Mortgage scored a big win this week after the Fourth Circuit on Thursday vacated a $10 million judgment in a class action over a decade old. Rocket Mortgage has faced other legal activity over the last year. The latest ruling from the U.S

Mortgage 370

Mortgage Legal Appraisal Valuation 370

Housing Wire

JANUARY 22, 2025

Mortgage escrow accounts are an important, yet widely misunderstood asset in the housing market. Although 80% of mortgage holders have escrow accounts, only 60% fully understand them, up from 52% in early 2024. Almost half (44%) of respondents also said they would experience hardship if their mortgage payments increased.

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Property Taxes Insurance Mortgage Government 397

Appraisal Buzz

MARCH 4, 2025

Property insurance costs for mortgaged single-family homes increased a record $276 or 14% to an average of $2,290 per year in 2024, according to ICE Mortgage Technologys latest Mortgage Monitor report. percent of borrowers switched insurance providers in 2024, up from 9.4 Among the major U.S. Among the major U.S.

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Insurance Technology Housing Market Mortgage 195

Housing Wire

JANUARY 21, 2025

After years of high interest rates, and price spikes, mortgage lenders are optimistic heading into 2025. Fannie Mae predicts a 28% increase in mortgage originations to $2.1 The Mortgage Bankers Association (MBA) also predicts that total origination volume will increase by 28.5%

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Mortgage Investors Insurance Modernization 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

DECEMBER 2, 2024

Mortgage rates remain high and for-sale inventory remains low, while an overwhelming majority of baby boomers (78%) stated in a survey from Redfin that they have no intention of moving out of their current homes. Older homeowners are also struggling with rising insurance premiums , particularly if they’re still paying off forward mortgages.

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Insurance Inventory Business Law 418