Housing Wire

JUNE 5, 2023

Title Resources Group (TRG), a leading title insurance underwriter, announced on Monday that HomeServices of America , a Berkshire Hathaway affiliate and one of the nation’s largest residential real estate companies, has increased its ownership stake in TRG. “Our partnership has already created value for our operations.

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Housing Wire

MAY 11, 2022

Title insurers big and small can’t seem to escape rapidly deflating refinance volume, but Fidelity National Financial still pulled out the second-best quarter ever for title revenue in Q1 2022. A total of 522,000 direct title orders were opened during Q1 2022 compared to 770,000 direct title orders a year prior.

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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

MARCH 8, 2022

While large title insurers like Stewart , First American and Old Republic have been making headlines for their voracious acquisitions appetite, smaller players too are looking to expand their piece of the pie. On Tuesday, Farmington, Michigan-based ATA National Title Group announced its acquisition of Absolute Title on Tuesday.

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Housing Wire

SEPTEMBER 16, 2020

The title insurance industry saw a surge in premium volume in the second quarter of 2020, according to the American Land Title Association’s latest Market Share Analysis. But title insurance premiums are also surging as a result. The title insurance industry generated $4.18

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Housing Wire

NOVEMBER 22, 2021

Stewart Title has acquired Las Cruces Abstract and Title according to an announcement made Friday. Founded in 1926, Las Cruces Abstract and Title serves Dona Ana, Hidalgo and Luna Counties in southern New Mexico. How to solve communication breakdowns in the title workflow. Presented by: CoreLogic. million compared to $55.9

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Housing Wire

FEBRUARY 10, 2023

The two Big Four title insurers announced their fourth quarter earnings on Thursday, hosting earnings calls with investors and analysts. Stewart’s title segment reported an operating revenue of $581.6 Stewart’s title segment reported an operating revenue of $581.6 At Stewart , Q4 revenue came in at $665.9 million, down from $85.5

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Housing Wire

DECEMBER 12, 2022

HousingWire recently spoke with Matt Regan, EVP of Transaction Management Systems at Flueid , about the need to redefine “instant title” to focus on adding value to loan evaluation and decision-making rather than just delivering the title commitment faster. A faster title commitment should equal a faster closing, right?

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Housing Wire

MARCH 15, 2024

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. Market conditions have certainly trended downward for residential or commercial real estate. And why not? CRE firms are also suffering through the highest interest rates seen in years.

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Housing Wire

JUNE 25, 2021

New York-based Kensington Vanguard National Land Services recently acquired Hometown Title and Escrow , a title company based in Virginia. Hometown Title and Escrow is led by industry veteran Sharon Keegan and serves both residential and commercial transactions in the Northern Virginia and Washington, D.C.

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Housing Wire

APRIL 13, 2021

Title insurers wrote $19.2 billion in premiums last year, but a recent report from the American Land Title Association predicts a slowdown in 2021 due to – you guessed it! – Just how fruitful was 2020 for title insurers? of the market. First American actually saw a drop in its market share in 2020, down to 23.3%

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Housing Wire

APRIL 27, 2023

Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms’ first quarter 2023 earnings with investors Thursday morning. The purchase market appears to have stabilized,” he said. “In million net income, down from $97.9

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Housing Wire

APRIL 17, 2024

Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title fraud , according to a report released Wednesday by FundingShield. The portfolio of loans examined included residential, commercial investor and business purpose loans. of transactions.

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Housing Wire

OCTOBER 22, 2020

Pro Teck’s added scale and capabilities take us one step closer to becoming the premier title services company, allowing us to increase our services for our customers.”. Headquartered in Overland Park, Kansas, United States Appraisals provides residential management solutions on a nationwide level.

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Housing Wire

JUNE 8, 2021

North Carolina-based Verus Title , a subsidiary of Fathom Holdings , has added offices in the Lone Star State. Verus Title will be focusing on expanding its presence primarily in North Texas, according to Paul Yurashevich, Verus Title founder and president. ” Verus is planning a full U.S.

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Housing Wire

FEBRUARY 21, 2024

In 2021, Gigliotti created Axis 360 Lift , an online academy designed to educate aspiring mortgage and title professionals. Axis has lending and title academies, with an origination academy set to launch in the spring of 2024. Gigliotti noted that Axis recently secured three student internships on the title side. were women.

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Housing Wire

MARCH 1, 2021

The numbers are in: Compass lost $270 million in 2020, and the residential real estate brokerage generated $3.7 For residential real estate professionals, Compass’s “S-1” – the financial disclosure statement a U.S. Also, last month: the brokerage purchased KVS Title Inc. , a title and escrow company for $52 million.

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Housing Wire

MARCH 2, 2021

HousingWire spoke with Steve Greenfield, Altisource General Manager of Mortgage Real Estate Solutions, about the state of the mortgage market and how Altisource’s HomeVal solution is benefiting lenders. HW: How can integrating title and valuation data points alleviate those pain points? Altisource does.

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Housing Wire

APRIL 22, 2024

Meanwhile, a customer relationship management system, along with experts in marketing, sales and other areas, are designed to support these teams, he said. “If Power of a title company Samson Properties , a rapidly growing brokerage based in Northern Virginia, has taken a different approach.

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Housing Wire

JULY 28, 2023

Like its big four counterparts First American and Old Republic, Stewart , the smallest of the four largest title underwriters , still managed to turn a profit despite challenging housing market conditions. Stewart’s title segment also recorded a drop in its operating revenue, which fell 39% year-over-year $466.7

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Housing Wire

SEPTEMBER 17, 2021

Despite several indicators of a slowing housing market, prospective home buyers should not get too excited – inventory remains limited and changes are in line with the traditional seasonal slowdown, according to RE/MAX ’s August national housing report. metropolitan areas and includes all residential properties. and it was down 26.7%

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Housing Wire

AUGUST 9, 2023

Despite a 18% annual decline in purchase title orders opened per day in Q2 2023, Fidelity National Financial executives believe housing demand remains strong. Nolan’s assertions about the housing market were underlined by the strong performance of Fidelity’s title segment during the quarter.

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Housing Wire

NOVEMBER 16, 2021

Rising home prices continue to fuel the growth of the nation’s multi-trillion dollar home-equity market, a fact not lost on behemoth investment-management firm PIMCO. A look at the role instant title plays in the borrower journey. Learn about the tools lenders should leverage to streamline home equity title and closing.

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Housing Wire

JULY 1, 2021

If there’s one common characteristic that HousingWire saw the brightest marketing leaders and minds in the housing industry wield last year , it was being agile. When the world shifted to work from home , marketers stepped in with new messaging and strategic campaigns to reach their target audience. SVP, Marketing.

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Housing Wire

OCTOBER 26, 2023

Thursday was a big day for title firm earnings, with three of the Big Four title insurers reporting their third-quarter 2023 earnings. Despite what Eppinger called a “ challenging environment ” the title segment of the firm continued to perform well, although not as well as a year ago. million, down from $716.4

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Housing Wire

MAY 4, 2023

The slower housing market at the start of the year was not enough to prevent Fidelity National Financial from turning a profit. During the first quarter of 2023, the Big Four title insurer reported revenue of $2.474 billion, down from $3.167 billion in Q1 2022, and a net income of $59 million compared to $400 million a year prior.

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Housing Wire

MAY 22, 2024

This is according to a jointly issued brief published this week by the National Consumer Law Center (NCLC), the American Land Title Association (ALTA) and AARP. But if states take proactive measures to reform policies and disclosures around tax foreclosures, this could go a long way to prevent unnecessary home displacements.

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Housing Wire

JANUARY 27, 2023

The rapidly cooling housing market in 2022 was not kind to Big Four title insurer Old Republic. Hampered by the volatile interest rate environment and dramatic drop off in refinance transactions, the firm’s title insurance sector saw its pretax operating income drop 67.2% million, down from $627.0 million in Q2 2021.

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Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. So, what are the technologies and trends iBuyers are using to fix fragmentation in the market?

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Housing Wire

MARCH 15, 2023

Seelig will focus on assisting the organization in their mission of providing financing to the residential mortgage market, Almodovar added. During his time at PwC, Seelig drove strategy and operations in national, market, and sector-based capacities under a variety of leadership roles. residential real estate mortgages.

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Housing Wire

FEBRUARY 24, 2022

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. The firm attributed this impressive increase to its title sector’s strong performance. The firm attributed this impressive increase to its title sector’s strong performance. billion, with $1.0 in Q4 and 21.7%

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Housing Wire

APRIL 28, 2023

For Old Republic , the softer market results in total revenue falling from $2.207 billion in Q1 2022 to $1.759 billion in Q1 2023. Old Republic’s title segment also struggled with net premiums and fees earned during the quarter dropping 41.6% million, the result of lower revenues in both direct and agency title operations.

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Housing Wire

FEBRUARY 10, 2022

It is no secret that 2021 posed a variety of challenges for the title insurance industry. In the title sector, pretax income increased 25% year over year. Total direct title revenue grew 24% from a year prior to $423.1 Non-commercial domestic title revenue was responsible for $282.3 million, compared to $59.7

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Housing Wire

NOVEMBER 11, 2022

Even though revenue is down and open title orders are down from last year, there’s a silver lining for Big Four title insurance firm Fidelity National Financial : it’s still in line with business in 2019, one of the best years on record. Fidelity’s title segment recorded revenue of $2.3 billion, down from $2.9

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Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. The market is currently transitioning from record low interest rates to a more normalized environment.”. However, it is hard to deny that these factors are not influencing the market.

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Housing Wire

JULY 28, 2022

“While we are reporting decreases in revenue and pretax operating income for this quarter, it is important to keep in perspective that these comparisons are to a year that saw record-setting demand for housing and investments in the real estate market,” Old Republic Title President Carolyn Monroe told investors. year over year to $109.5

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Housing Wire

JULY 27, 2021

The arms race is heating up in title. Big Four title insurer Stewart Title has acquired Title First Agency , headquartered in Westerville, Ohio. Title First has office locations in Ohio, West Virginia, Indiana, Illinois, Michigan and Texas, and is licensed to operate in 34 states, the company said in a press release.

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