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Industry experts are closely watching delinquency rates, insurance costs

Housing Wire

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Sullivan, vice president of industry relations and compliance at Assurant , said in a session about homeowners insurance.

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What’s holding the industry back from broad-scale digital closing adoption?

Housing Wire

For well over a decade, the industry has made steady progress in digitizing mortgage closings. As a result, closings today fall on a spectrum of digitization, with benefits that increase with each component that is digitized and each document that is electronically signed (eSigned). Snapdocs eMortgage Quick Start Program.

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Despite market headwinds, title industry reports strong Q2

Housing Wire

Even with a sharp rise in interest rates toward the end of the second quarter, the title insurance industry still recorded a relatively strong fiscal quarter, according to the American Land Title Association’s Market Share Analysis. Total operating income for the industry was down 4.2% of the market, good for sixth place.

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Title industry prepares for changing market conditions

Housing Wire

As mortgage rates rise and home price appreciation continues , employees in the housing industry are hard at work preparing for shifting market conditions. title insurance industry’s risk-adjusted industry capital declined, however, overall it remained supportive of ratings at the close of 2021.

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

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As a ‘higher-for-longer’ rate scenario unfolds, how is the mortgage industry adapting?

Housing Wire

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. A second rate cut is expected for November.

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Speed up the closing process with industry-leading solutions

Housing Wire

The mortgage industry is no stranger to disruption since the onset of the COVID-19 pandemic. Lenders have seen it all this year: high volumes, volatility, market uncertainty… the list goes on and on. Black Knight’s industry-leading PPE engine provides lenders with the most advanced capabilities available in the market.