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Announcing HousingWire’s 2024 Finance Leaders

Housing Wire

HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. The 2024 Finance Leaders exemplify excellence.”

Finance 451
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Fidelity CEO says federal government’s title insurance proposals are ’misguided’

Housing Wire

Despite persistently high interest rates , big four title firm Fidelity National Financial recorded a much stronger start to 2024 than it did a year ago. The firm attributed its stronger results to better performance from both its F&G segment and its title insurance segment. The firm’s title segment reported $1.7

Title 460
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Opendoor hires C-suite leaders in finance, technology roles

Housing Wire

The company announced that it has named Selim Freiha its chief financial officer, while Shrisha Radhakrishna assumes the title of chief technology and product officer. In June, Opendoor partnered with the privately owned My State MLS, which serves 60,000 agents in more than 50 markets. billion loss in 2022.

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Title premium volume fell 31% in 2023

Housing Wire

As existing home sales dropped to the lowest level it has seen in nearly three decades in 2023 , title insurance premium volume also took a hit. In 2023, the title insurance industry generated $15.1 In 2022 , the title industry generated $21 billion in premiums. with 22.0%; Old Republic National Title Insurance Co.

Title 440
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing?

Finance 468
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What do the D.C. attorney general’s actions mean for the future of title joint ventures?

Housing Wire

For more than two years, a storm has been brewing in the title insurance industry. Last week, the first raindrops began to fall when the Office of the Attorney General for the District of Columbia (OAG) announced settlements with four title firms over alleged kickback schemes. Because these title firms were all licensed by the D.C.

Title 441
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UWM cuts out title insurer with updated TRAC+ program, rolls out 0% down purchase initiative

Housing Wire

United Wholesale Mortgage (UWM) has launched a new service to handle all the title work for its brokers on refinancings. As a result, brokers no longer need to deal with a title company or settlement agent to close a refi. It said TRAC+ will allow the lender to “manage title review, closing, and disbursement.”

Title 460