Housing Wire

MARCH 6, 2024

The title insurance and settlement services industry directly generated $30 billion of U.S. gross domestic product (GDP) in 2022, according to a report commissioned by the American Land Title Association that was published on Wednesday. economic impact of the title industry. The report measures both the direct and broader U.S.

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Housing Wire

JULY 6, 2023

Finance of America (FOA) announced Thursday that its indirect subsidiary Incenter closed the sale of its title insurance businesses. The company previously announced that it would be selling its title insurance businesses in early February. for $100 million, according to a filing with the U.S.

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Housing Wire

OCTOBER 11, 2023

When Thaddeus, the American Land Title Association’s eagle mascot, landed in Colorado Spring at The Broadmoor Hotel after a month-long virtual journey across the country from Washington, D.C., This was the biggest issue we’ve ever faced in my 40-year career in the title industry,” Rattikin said. “It he did so with a new look.

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Housing Wire

DECEMBER 20, 2023

Title premium volume continued to drop during the third quarter of 2023, as limited housing supply and high interest rates took their toll on home sales. During the third quarter of 2023, the title industry generated $4.1 During the third quarter of 2023, the title industry generated $4.1 Commonwealth Land Title Insurance Co.

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Housing Wire

NOVEMBER 10, 2023

Fidelity National Financial finished out third-quarter earnings reporting for the Big Four title firms this week, hosting its earnings call with investors and analysts Wednesday morning. While the firm’s title revenue was down 18% year over year to $1.9 Also reporting Q3 2023 earnings this week was title firm Doma.

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Housing Wire

MARCH 9, 2023

The title insurance industry is often bemoaned for being antiquated and making minimal changes, but that has not been the case for the past 12 months. The program would grant certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie Mae and will be rolled out this spring, according to Politico.

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Housing Wire

FEBRUARY 23, 2023

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies. The bill is being considered in several states nationwide.

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Housing Wire

APRIL 17, 2023

Some say that the nearly 150-year-old title industry has a difficult time adapting and evolving. However, the title industry has proven these critics wrong over the past decade, and importantly, it has done so without leaving homeowners vulnerable to unnecessary risks. Think an old dog can’t learn new tricks?

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Housing Wire

MARCH 31, 2023

In its third year, the 2023 HW Finance Leaders award celebrates the outstanding achievements of the top finance executives in the real estate and mortgage space. Congratulations to the 2023 HW Finance Leaders. As the housing market continues to face volatility, the role of CFO has become increasingly critical.

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Housing Wire

AUGUST 22, 2023

Prospective homebuyers face an obstacle course of challenges – from financing to logistics – once they make the decision to purchase a home. Fees add up in transaction While the cost of title insurance is less than.5% Fees add up in transaction While the cost of title insurance is less than.5%

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Housing Wire

JANUARY 27, 2023

Today marks the last day to nominate someone for the 2023 HW Finance Leaders award. Don’t miss the chance to recognize the top finance executive at your organization! Nominees with highest probability of selection will hold a CFO, head of secondary marketing, EVP of Capital Markets or equivalent title. Ready to submit?

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Housing Wire

NOVEMBER 16, 2023

Despite ongoing uncertainty and a variety of economic headwinds, Fitch Ratings is maintaining a neutral outlook on the title insurance market for 2024, according to a report released Thursday. These factors have led Fitch to stand firm on its ratings of the three national title underwriters it rates. Fitch does not rate Old Republic.

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Housing Wire

OCTOBER 13, 2022

Unlike the title industry’s cybersecurity and wire fraud challenges, which are strictly 21 st century issues, the recent interest and use of attorney opinion letters (AOLs) harkens back to an earlier era of homebuying. This is a top priority for ALTA.”. This is a top priority for ALTA.”.

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Housing Wire

SEPTEMBER 19, 2023

Title premium volume continued to trend downward during the second quarter of 2023 as high mortgage rates and low housing inventory continued to plague the real estate industry. During the second quarter, the title industry generated $3.91 billion in title insurance premiums, down from $6.21 Commonwealth Land Title Insurance Co.

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Housing Wire

JANUARY 18, 2024

Closing software provider Qualia is accusing a former employee and startup title production software firm Settlor of stealing trade secrets. In a lawsuit filed on Tuesday in U.S. In the complaint, Qualia states that is reached out to Myers on Sept.

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Housing Wire

DECEMBER 7, 2023

Big Four title firm Stewart Title has filed a lawsuit against closing and title production software provider Qualia over a contractual dispute. According to the filing, Qualia has threatened termination or “non-renewal” of Stewart’s licensing agreement, which the filing states in “in direct violation” of the agreement.

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Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If Instead, he is focusing his efforts on potentially having to adapt to where Atlas Title’s business comes from. It’s easy to see why Frasier is concerned.

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Housing Wire

JANUARY 18, 2024

Wire and title fraud risk reached an all all-time high in Q4 2023 with 51.8% of transactions having issues that led to a risk of wire and title fraud, according to FundingShield ‘s quarterly report. On average, problematic loans had 2.2 BEC is a sophisticated combination of phishing and spoofing used to extract $2.7

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Housing Wire

SEPTEMBER 6, 2023

Despite the economic headwinds, the title industry remains strong, according to Fitch Ratings’ title industry September 2023 Peer Review. With premium volume down, title companies have cut expenses, resulting in the aggregate title operating margin for the Big Four rising 3% quarter-over-quarter in the second quarter of 2023.

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Housing Wire

MAY 2, 2022

HousingWire’s Housing Finance Leaders. Entering its second year, this year’s class spotlights the top finance executives who are driving financial performance and helping their businesses access the capital markets. VP, Capital Markets & Finance. Executive Vice President of Finance. SVP, Finance. Company Name.

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Housing Wire

APRIL 11, 2022

In a selling guide announcement released last week, Fannie Mae announced that it would be accepting written opinion letters from an attorney in lieu of a title insurance policy “in limited circumstances.”. This is not the first time a firm has attempted to create an alternative to title insurance.

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Housing Wire

JANUARY 20, 2023

In the title industry , like the rest of the home finance industry, the real dangers are high operating costs that come from inefficiency. As the market contracts, experienced title agency executives can feel the shift and know exactly what it means. No platform was completely successful in achieving this goal.

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Housing Wire

SEPTEMBER 22, 2021

The fastest growing brokerage in insurance industry history, Acrisure , announced Wednesday that it has acquired title insurance and settlement service provider Tempo Title , marking its entrance into the real estate services business. Current partners of Tempo Title will continue operating under their own brand names.

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Housing Wire

JANUARY 11, 2022

Unlike other HousingWire awards, Finance Leaders focuses specifically on corporate finance, secondary marketing, capital markets or strategic finance executives within mortgage banking or a real estate brokerage only. The post Nominations for HousingWire’s Finance Leaders award are now open!

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Housing Wire

MARCH 2, 2021

TitleOne , a subsidiary of Realogy Title Group, announced today the acquisition of Land Title of Nez Perce County in Lewiston, Idaho. Land Title of Nez Perce County was previously owned and operated by Joe Strohmaier, a 25-year industry veteran who will continue to manage Land Title’s operations.

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Housing Wire

SEPTEMBER 22, 2021

Real estate brokerage Compass announced Wednesday that it has signed an agreement to acquire Denver metro area based title insurance company First Alliance Title LLC , its fourth title insurance acquisition in the past year and second this month. based KVS Title. The financial details of the deal are not being disclosed.

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Housing Wire

FEBRUARY 19, 2021

Title insurance upstart States Title announced this week $150 million in debt financing from HSCM Bermuda , which will go towards developing a more modern home closing experience. The debt financing will go towards product development, investment in go-to-market growth, and the refinance of debt to Lennar Corp.,

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Housing Wire

JUNE 25, 2021

It’s been a busy week for Pennsylvania-based Title Alliance. Nine days after officially announcing a new branch in Washington , the title company has made another move in a big market, expanding its Arizona footprint into Phoenix and Mesa. How tech can improve the title experience without removing the human element.

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Housing Wire

JANUARY 15, 2021

Michelle DeBella joined Knock as its new chief financial officer, joining the company from Lyft , where she served as vice president, finance transformation and governance. DeBella has more than 25 years of experience in finance, including roles at Uber , Hewlett Packard Enterprise and Ernst & Young.

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Housing Wire

MAY 25, 2021

Title-services giant Stewart Title announced today the acquisition of Cloudvirga , a leading fintech company that powers digital mortgages through its retail and wholesale point-of-sale systems. Services , a title and search support servicer, in March. Services , a title and search support servicer, in March.

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Housing Wire

MAY 3, 2021

HousingWire’s Finance Leader award recognizes outstanding performers in the finance space. Those rates resulted in record-setting volume for real estate and mortgage companies, and a whole new set of challenges for their finance leaders. The following pages honor HousingWire’s first class of housing finance heavy hitters.

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Housing Wire

MARCH 2, 2021

Title insurance startup Doma – formerly known as States Title – announced today that it will go public through a merger with special purpose acquisition company Capitol Investment Corp. Doma, founded in 2016, says its patented machine-learning technology reduces title processing time from five days to five minutes.

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Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. Finance of America, says its collection of companies has originated over $65 billion in loans since 2017. Finance of America operates through retail, wholesale and correspondent channels.

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Housing Wire

SEPTEMBER 4, 2020

This includes Realtor associations, MLSs, agents, brokers, lenders and title companies. Jim Anderson is joining Finance of America Mortgage , a national, full-service mortgage banker as chief marketing officer, bringing more than 20 years of marketing experience to the company.

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Housing Wire

NOVEMBER 9, 2020

As the country embraces technology now more than ever, lenders and title companies have an opportunity to embrace the possibilities of mortgage technology to connect with consumers in new ways and grow their businesses. The post Embracing technology will be key for lenders and title companies in 2021 appeared first on HousingWire.

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Housing Wire

DECEMBER 14, 2023

In an update to its selling guide , Fannie Mae announced Wednesday that it was expanding the use of attorney opinion letters in lieu of title insurance. Fannie Mae first announced that it would accept loans secured with an AOL in lieu of title insurance in limited circumstance in April 2022.

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Housing Wire

MARCH 28, 2024

The result is that safe and affordable financing is out of reach for tens of thousands of credit-ready homebuyers looking to purchase a manufactured home. Unlike site-built homes, which are always titled as real estate, over 40% of manufactured housing is titled as personal property (the same way a car is titled).

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