Housing Wire

DECEMBER 14, 2023

Specifically, title and settlement fees have been characterized as a high-burden and regressive (costing proportionally more for low- and moderate-income borrowers) cost to borrowers. The research found that title and settlement fees are neither regressive nor represent a significant component of the overall closing costs.

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Housing Wire

JANUARY 19, 2024

The rash of recent mortgage and title industry data breaches serves as a sobering reminder of the paramount importance of cybersecurity. Some final thoughts Building cyber resilience is crucial for small to medium-sized businesses in the mortgage , title insurance and real estate segments.

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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

DECEMBER 16, 2022

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Title insurance is different than most other insurance products. Title insurance is a comprehensively regulated product.

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Housing Wire

OCTOBER 4, 2023

Senate and the House of Representatives introduced new bills requiring title insurance on mortgages purchased by government-sponsored enterprises (GSEs). The new language prohibits GSEs from purchasing conventional mortgages for one- to four-unit properties unless the loans have primary-lien title insurance.

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Housing Wire

MAY 13, 2024

Title firm Mother Lode Holding Co. , a subsidiary of big four firm First American Financial , announced Monday that it has acquired Wisconsin Title Service Co. the acquisition includes Wisconsin Title Service Co.’s s sister company, Wisconsin Title Closing Service Inc., The terms of the deal were not disclosed.

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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. Fitch said its neutral outlook is underpinned by Fitch’s view that mortgage rates are near peak levels. Fitch does not rate Old Republic.

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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

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

FEBRUARY 22, 2024

Fintech FundingShield will provide comprehensive title fraud solutions via an advanced programming interface (API) integration to CoreLogic ‘s digital mortgage platform. The partnership comes amid wire and title fraud risk reaching an all-time high in fourth-quarter 2023. million customers was stolen. Top 15 U.S.

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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

FEBRUARY 20, 2024

In today’s rapidly changing technology landscape, businesses in the title insurance , mortgage and real estate industries must prioritize cybersecurity response planning and business continuity. Final Thoughts on Creating Cyber Resilience Congratulations on reaching the end of our cyber resilience journey!

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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

MARCH 8, 2024

Despite the protests of the title insurance industry, Fitch Ratings does not believe the lender title insurance waiver pilot program for certain refinance transactions announced by the Federal Housing Finance Agency (FHFA) on Thursday will have an impact on title insurer ratings.

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Housing Wire

DECEMBER 22, 2021

Just days after announcing its acquisition of Michigan-based Devon Title Agency , Stewart Title is back at it, announcing its acquisition of Greater Illinois Title Co. Chicago-based GITC is the largest title company in Illinois. Roughly a month ago, Stewart acquired New Mexico-based Las Cruces Abstract and Title.

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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 With 27.8% in Q2 2023.

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Housing Wire

JANUARY 19, 2023

Title insurance is one such proven product with a long history of protecting homeowners’ right to property. Before title insurance, property rights were not guaranteed. But in 1868, a Pennsylvania Supreme Court decision led to the codification of the incorporation and regulation of title insurance companies into law.

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Housing Wire

NOVEMBER 18, 2020

At the Notarize Rewired event Wednesday on the panel, Home Buying After COVID, four experts talked about some of the largest pain points in the title industry. When asked if they could change one thing, or “wave a magic wand,” about the housing industry’s journey toward digital mortgage adoption, the panelists were clear: integration.

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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

FEBRUARY 1, 2024

The Tech100 Mortgage award celebrates the most innovative and impactful organizations in housing. More than just an acknowledgment; the Tech100 award is a testament to the transformative impact these companies have made, propelling the mortgage sector into new realms of efficiency, transparency and accessibility.

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Housing Wire

DECEMBER 18, 2020

as COVID-19 and stay-at-home orders forced many companies and mortgage notaries to look for alternative methods to continue operating amid the socially distanced environment in 2020. So what does all this change mean for mortgage notaries? Remote online notarization is spreading like wildfire across the U.S.

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Housing Wire

AUGUST 14, 2023

The American Land Title Association (ALTA) is celebrating a huge win in its ongoing war against title insurance alternatives. News of the rumored pilot program came in March, roughly a year after Fannie Mae first announced that it would be accepting attorney opinion letters (AOLs) in lieu of title insurance in limited circumstances.

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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

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

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations.

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Housing Wire

JANUARY 15, 2021

HousingWire’s people mover section covers the latest hiring announcements in the real estate and mortgage industry. Kicking off this week’s leadership announcements, Cherry Creek Mortgage changed its structure and ownership. How 2020 raised the stakes for the mortgage industry. Presented by: CoreLogic.

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Housing Wire

OCTOBER 12, 2023

As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the forefront, is artificial intelligence , or AI.

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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.”. If a lender receives an AOL in lieu of a title insurance policy, the lender must report Special Feature Code 155 when delivering the loan.

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Housing Wire

APRIL 1, 2023

Brena Nath, Director of HW+ and Events When looking at the home-buying process, I’ve always found it fascinating and impressive that the title agent usually wins the buyer-driven social media post. To add to the story, the buyer usually doesn’t even pick the title agent — the seller does.

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Housing Wire

APRIL 28, 2021

Mid-Atlantic title company Community Title Network LLC has acquired Colony Title Group LTD, an agency in Columbia, Maryland. It’s the third acquisition made by Community Title Network, which acquired Virginia-based The Settlement Group in June 2019 and Baltimore’s Continental Title Group in July 2016.

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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

JUNE 23, 2023

High mortgage rates , economic uncertainty and low housing inventory did very little to help title premium volume during the first quarter of 2023. In the first three months of the year, the title industry generated $3.37 Top underwriters for the quarter by market share included First American Title insurance Co.

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Housing Wire

AUGUST 17, 2023

With the housing industry down across the board, upstart title insurance firms couldn’t maintain strong growth rates in 2023. Just three title insurance firms made the annual Inc. Nine title insurers made the list in 2022. Virginia Beach, VA-based Priority Title made the list again in 2023. 5000 list. 1115 in 2022.

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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

DECEMBER 14, 2022

Slower housing market conditions , mortgage rate volatility and rising affordability challenges took their toll on the title insurance industry during the third quarter of 2022. During the quarter, the title insurance industry generated $5.4 billion in title insurance premiums, down 20.6% year over year at $17.6

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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

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

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