Housing Wire

OCTOBER 2, 2023

Passage allows Congress to fund the government for 45 days, provide $16 billion in disaster assistance, and temporarily extend the National Flood Insurance Program. In the meantime, Congress continues to work on a long-term reauthorization of the program, the National Association of Realtors (NAR) said in an FAQ document released last week.

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Housing Wire

MARCH 22, 2024

“I think one of the major trends we are seeing is that our overall inventory is up 60% year over year compared to 2023,” said PJ Smith, president of the Naples Area Board of Realtors and the broker-owner of Naples Golf to Gulf Real Estate. “We homeowners insurance policy was roughly $1,700 in 2023. In comparison, the average U.S.

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Insurance Inventory Marketing Real Estate 448

Housing Wire

DECEMBER 13, 2024

Malibu’s Franklin Fire torched over 4,000 acres this week in one of the country’s most expensive housing markets, putting more pressure on homeowners insurance premiums in a state that is already facing an insurance crisis. What will happen to insurance costs in California now?

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Insurance Housing Market Realtors Development 370

Housing Wire

MARCH 12, 2025

As the recovery continues, the California Association of Realtors (CAR) said that residents should accept change instead of fighting it. And among all of the impacted areas, neighborhoods with large minority populations bore the brunt of the economic fallout. “Be a resource, be a friend, but don’t be an attorney,” he said.

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Realtors Landlords Agents Market Value 348

Housing Wire

MAY 3, 2024

The real estate giant was prompted to do this by the terms of National Association of Realtors’ (NAR) commission lawsuit settlement agreement which requires agents to have a written agreement with a client in order to work with them as a buyer broker. This agreement must be signed prior to an agent taking a buyer to tour a home.

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Legal Realtors Law Real Estate 378

Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. We haven’t seen any real data based on the conversation that it is going to save money.

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Insurance Legal Legal Fees HOA 414

Housing Wire

NOVEMBER 21, 2022

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. . billion, did not have the required NFIP coverage.

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Insurance Mortgage Realtors Design 370

Housing Wire

OCTOBER 8, 2024

Additionally, the storm has prompted buyers and home insurers to hit pause. Tampa-area agent Jeff Borham of eXp Realty said that protocols for insurance are having an impact. According to him, you can’t bind insurance once a storm is named, but if insurance was bound before the storm was named, homebuyers can still close.

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Housing Market Marketing Insurance Real Estate Agent 459

Housing Wire

APRIL 8, 2024

The National Association of Realtors (NAR) unveiled a new partnership with SoFi on Monday. As a consequence of the various commission lawsuit cases, NAR recently lost its liability insurance coverage for members, HousingWire reported in February.

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Realtors Clients Insurance Mortgage 476

Housing Wire

OCTOBER 14, 2022

The Mortgage Bankers Association and fellow trade group the Black Homeownership Collaborative have joined the chorus of voices imploring HUD Secretary Marcia Fudge to reduce mortgage insurance premiums (MIPs) and suspend life-of-loan requirements for borrowers with FHA-insured loans.

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Insurance Mortgage Realtors Real Estate 459

Appraisal Buzz

NOVEMBER 13, 2024

Moreover, buyers could incur an additional $12,944 in commission costs on the average home if sellers opt not to pay the buyer’s agent commission following the National Association of Realtors (NAR) settlement in August. home ($501,500) adding $75,255, the upfront cost totals a staggering $107,230.

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Real Estate Sellers Buyers Renovations 417

Housing Wire

FEBRUARY 21, 2025

Fidelity National Financial (FNF) delivered a strong earnings report in the fourth quarter of 2024, increasing its companywide net earnings for the full year and showing positive Q4 results for its title insurance segment. FNFs adjusted net earnings were $366 million in the fourth quarter, compared to $204 million in Q4 2023.

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Insurance Business Investing Realtors 203

Housing Wire

MARCH 1, 2024

According to the National Association of Realtors ’ (NAR) Housing Affordability Index , since spring of last year, a typical family with a median income have not been able to afford a median-priced home. It is no secret that there is a housing affordability challenge in the U.S.

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Insurance Property Taxes Real Estate Sellers 466

Housing Wire

APRIL 17, 2024

The spring home-buying season got off to a slow start in California , where sales of single-family homes declined from February to March, according to a report released Wednesday by the California Association of Realtors (CAR). Fewer insurance options may be hampering sales in the Golden State. during the month and by 4.4%

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Insurance Housing Market Realtors Inventory 459

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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Property Taxes Insurance Mortgage Government 397

Housing Wire

APRIL 22, 2024

He said his company is focused on buyer-side agents, whose activity is expected by some to be impacted by the National Association of Realtors’ (NAR) $418 million nationwide settlement of the commission lawsuits. Now, they’re incentivized because they share the profits in the title insurance,“ Samson explained.

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Brokerage Real Estate Realtors Real Estate Agent 447

Housing Wire

SEPTEMBER 13, 2023

The National Association of Realtors (NAR) is navigating turbulent waters. Some Realtors have called for executives to be fired and a wholesale reform to the structure of the trade group, which has 1.6 Taxes, finance, insurance, and consumer product safety round out the top five. million members, the majority of whom are women.

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Realtors Insurance Legal Real Estate 418

Housing Wire

AUGUST 10, 2023

Increasing wildfire risk resulting from climate change is a growing problem for insurers and homebuyers in affected areas, particularly California, according to a new report from data provider CoreLogic. CoreLogic said insurers’ models should account for the current risk landscape, including climate change considerations.

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Insurance Construction Realtors Development 370

Appraisal Buzz

MAY 22, 2024

Technology firm Finaya has launched an AI-based homeownership marketplace super-app that integrates home buying and selling, mortgage, insurance, title, closing and other related services supported by a marketplace of on-demand realtors, loan brokers, lenders and service providers.

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Insurance Real Estate Agent Mortgage Real Estate 195

Housing Wire

FEBRUARY 14, 2023

Qualia The Qualia technology infrastructure for title & escrow companies, lenders, title insurers, and service providers enables each party to complete their own unique tasks required for a closing and exchange information in real time, standardize and automate back-and-forth workflows, and collaborate with one another in a way never before possible. (..)

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Insurance Realtors Technology Clients 391

Housing Wire

MARCH 14, 2022

According to the National Association of Realtors , all-cash purchases accounted for 23% of existing-home purchases or $518 billion out of the total of $2.25 in which title insurance companies are required by law to file reports identifying individuals who made all-cash real estate purchases exceeding $300,000 through shell companies.

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Real Estate Insurance Law Real Estate Agent 435

Housing Wire

SEPTEMBER 10, 2022

The loan program uses credit guidelines based on factors such as timely rent, utility bill, phone, and auto insurance payments. The underwriting guidelines are based on the borrower’s income with a minimum credit core of 620. and has worked in the mortgage industry for over 50 years.

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Insurance Development Finance Government 448

Housing Wire

JANUARY 27, 2022

housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program. NAR, meanwhile, no longer wants to see states excluded from the federal government’s flood insurance program due to not meeting FEMA standards. Two of the most powerful U.S.

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Insurance Government Law Real Estate Agent 397

Housing Wire

OCTOBER 10, 2024

“Whether you’re a loan officer like me, or a Realtor, we’re all pretty worried about income,” he said. Rising insurance costs are a prominent concern for homeowners and potential buyers. Additionally, Milton prompted both buyers and home insurers to hit the brakes.

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Agents Insurance Housing Market New Listings 433

Housing Wire

NOVEMBER 13, 2023

“The same dynamics that are questioning the value [and costs] of a Realtor, regardless of which side of the transaction they are on, are going to lead to questions for all other things associated with buying a home.” It is on us to be educated about why title insurance is important,” Braga said. “We

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Insurance Real Estate Agents Real Estate Agent 448

Housing Wire

DECEMBER 6, 2024

According to the National Association of Realtors (NAR) Community Aid and Real Estate (CARE) Report published in May, nearly 70% of all NAR members reported that they volunteered at least eight hours a month in 2023. Nobody understands a local community like a Realtor, Brown said.

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Realtors Real Estate Real Estate Agent Agents 370

Appraisal Buzz

JUNE 10, 2024

Bankrate compiled the typical costs of property taxes, homeowners insurance, and home maintenance, which was estimated to be 2% of a home’s value per year. The National Association of Realtors reported that the median price of an existing home in March 2020 was $280,700. Insurance prices are another burden for homeowners.

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Property Taxes Insurance Home Value Construction 409

Housing Wire

JULY 18, 2024

Closing tasks such as appraisal , inspection, title insurance and homeowners insurance are done remotely. According to a report released this week by the National Association of Realtors (NAR), foreign buyers purchased the fewest number of existing U.S. Buyers can also use Waltz to connect with a property manager or tax adviser.

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Finance Real Estate Investors Legal 448

Housing Wire

NOVEMBER 18, 2024

in October—fueled by rising housing and insurance costs—and mortgage rates having edged back above 7%, homeownership remains a distant goal for many living in the U.S. In Florida, high insurance costs, exacerbated by frequent natural disasters, have turned into a significant barrier to homeownership. inflation climbing to 2.6%

Real Estate 397

Real Estate Agents Real Estate Agent Marketing 397

Housing Wire

JULY 18, 2022

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. The FHA’s Mutual Mortgage Insurance fund, meanwhile, is in stellar shape. A HUD spokesperson declined to comment.

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Insurance Transportation Mortgage Government 468

Housing Wire

SEPTEMBER 25, 2023

“For things like homeowner’s insurance, title insurance, and Realtors, we’ve now just become a marketplace. We partner with best-in-class agents, insurance companies and title companies,” Better CEO Vishal Garg said in an interview with HousingWire in August.

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Insurance Technology Finance Mortgage 448

Housing Wire

APRIL 9, 2024

While we took some heat from raising this issue at that time, the proposed Realtor settlement could mean that this now becomes a reality on the ground. CHLA has also applauded FHFA Director Thompson for FHFA’s work in championing lower-cost alternatives to title insurance, such as using attorney opinion letters.

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Sellers Realty Insurance Realtors 476

Housing Wire

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

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Real Estate Agent Real Estate Agents Insurance 468

Housing Wire

OCTOBER 24, 2023

KANSAS CITY, Missouri — National Association of Realtors CEO Bob Goldberg was back on the stand Tuesday morning at the start of the seventh day of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit. Next, Ketchmark turned to a comment Goldberg had made on Monday, where he claimed that NAR does not discuss commissions.

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Realtors Agents Clients Sellers 448

Housing Wire

DECEMBER 28, 2021

In fact, Paradise’s housing market, though constrained by unresolved wildfire litigation and issues like proper home insurance, even has the high-demand, low inventory problems of most other U.S. Those prices are higher than the national median home price of $357,000 as of November, per the National Association of Realtors.

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Insurance Realty Agents Construction 397

Housing Wire

MARCH 4, 2025

The Department of Justice ( DOJ ) raised some eyebrows when it hinted that buyer representation agreements, if used as mandated in the National Association of Realtors (NAR) commission lawsuit settlement, may be a source of future antitrust litigation based on its statement of interest in the Sitzer/Burnett suit.

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Legal Buyers Realtors Brokerage 371

Housing Wire

OCTOBER 11, 2023

Name Job Title Company Name Aaron VanTrojen CEO Geneva Financial Home Loans Abbie Tidmore Senior Managing Director and Chief Revenue Officer Pennymac Adam Kessler CEO Academy Mortgage Baron Silverstein President Newrez Ben Madick Co-Founder and CEO Matic Insurance Bernadette Kogler Co-Founder and CEO RiskSpan Bill Rogers Founder and CEO Homeowners (..)

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Realty Real Estate Technology Lending 488