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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
  • [ December 20, 2024 ] D.R. Horton to Launch New Master-Planned Community in Utah Weely Real Estate News
  • [ December 20, 2024 ] Hits and Misses for the Real Estate Week of Dec. 16-20 Weely Real Estate News
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HomeInsurance

Insurance

Insurance companies
Housing Wire

Insurance companies rely on aerial images to ditch risky properties 

April 9, 2024 Mariel Alumit Comments Off on Insurance companies rely on aerial images to ditch risky properties 

​ Insurance companies are leveraging aerial images of homes to drop properties deemed too risky, according to a report by The Wall Street Journal. Consumer advocates are concerned that customers are not always able to […]

insurance
Housing Wire

As insurance costs rise, real estate agents have more buyer concerns to assuage

March 14, 2024 Allen Santos Comments Off on As insurance costs rise, real estate agents have more buyer concerns to assuage

​ As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents, but the rapidly rising cost of insurance premiums is changing that. “Before, […]

Empire State
Weely Real Estate News

Insurance Firm Leases Full Floor in the Empire State Building

January 26, 2024 Allen Santos Comments Off on Insurance Firm Leases Full Floor in the Empire State Building

Empire State Realty Trust Inc. (NYSE: ESRT) has signed Greater New York Mutual Insurance Company (GNY Mutual) for a new full-floor, 52,116 square foot space in the iconic Empire State Building. “We are pleased to […]

Federal
Housing Wire

Federal Reserve fines Regions Bank $2.95 million for ‘unsafe’ flood insurance program

August 24, 2023 Mariel Alumit Comments Off on Federal Reserve fines Regions Bank $2.95 million for ‘unsafe’ flood insurance program

The Federal Reserve System this week fined Birmingham, Ala.-based Regions Bank $2.95 million for “unsafe and unsound practices in its flood insurance compliance program and for flood insurance regulatory violations,” according to the Fed. The […]

Housing Wire

Three title insurance firms make the Inc. 5000 list in 2023

August 18, 2023 Mark Paul Cervantes Comments Off on Three title insurance firms make the Inc. 5000 list in 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. 5000 list, a growth-based ranking of U.S.-based […]

Housing Wire

Title insurance premium volume drops by 38% in Q4 2022

May 9, 2023 Mark Paul Cervantes Comments Off on Title insurance premium volume drops by 38% in Q4 2022

The rapid housing market cool down and the rapid pace at which the Federal Reserve hiked interest rates took their toll on the title insurance industry in 2022. Last year, the industry generated $21 billion […]

Housing Wire

Lenders: Looking to simplify closings? Work with an insurance agency

March 22, 2023 Mark Paul Cervantes Comments Off on Lenders: Looking to simplify closings? Work with an insurance agency

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times […]

Housing Wire

Fannie Mae rumored to be looking at forgoing title insurance

March 9, 2023 Mark Paul Cervantes Comments Off on Fannie Mae rumored to be looking at forgoing title insurance

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. Nearly a year after announcing that it would begin […]

Hanover
Home Improvement

Hanover Insurance Group Partners with Harris Poll to Develop 2023 Home Buying and Renovation Report

March 2, 2023 Mark Paul Cervantes Comments Off on Hanover Insurance Group Partners with Harris Poll to Develop 2023 Home Buying and Renovation Report

The Hanover Insurance Group, Inc. released its 2023 Home Buying and Renovation Report, which provides insights into recent home buying trends and plans for renovations in the new year. The Hanover commissioned The Harris Poll […]

Weely Real Estate News

FHA Cuts Mortgage Insurance Rates, Providing More Opportunity for First-Time and Low-Income Buyers

February 28, 2023 Mark Paul Cervantes Comments Off on FHA Cuts Mortgage Insurance Rates, Providing More Opportunity for First-Time and Low-Income Buyers

The post FHA Cuts Mortgage Insurance Rates, Providing More Opportunity for First-Time and Low-Income Buyers appeared first on Weekly Real Estate News.

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ 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. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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