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Housing

How the title industry is addressing the negative effects of heirs’ property

November 30, 2023 Mariel Alumit Comments Off on How the title industry is addressing the negative effects of heirs’ property

Homeownership is the single greatest contributor to household wealth for American families. From 2010 to 2020, the value of owner-occupied housing in 917 metropolitan or micropolitan metro areas increased by $8.2 trillion. We know homeownership […]

Housing Wire

Opinion: The title industry supports innovation while prioritizing protection

April 18, 2023 Mark Paul Cervantes Comments Off on Opinion: The title industry supports innovation while prioritizing protection

Think an old dog can’t learn new tricks? 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 […]

Housing Wire

Title revenue declines by 19% in 2022

March 3, 2023 Mark Paul Cervantes Comments Off on Title revenue declines by 19% in 2022

Title industry revenue dropped 19% year over year in 2022, according to data released Thursday by Fitch Ratings. This 19% decline is on a GAAP basis for the Fitch Ratings title universe, which includes Fidelity […]

Weely Real Estate News

Title Company Recognized for Uncovering Real Estate Fraud

February 10, 2023 Allen Santos Comments Off on Title Company Recognized for Uncovering Real Estate Fraud

Kevin Tacher, CEO of Independence Title, was recognized by former Broward County Mayor Michael Udine and Broward County Property Appraiser Marty Kair at a recent Parkland Chamber of Commerce meeting for his outstanding work in […]

industry
Housing Wire

How in-between tech can save the title industry

January 21, 2023 Allen Santos Comments Off on How in-between tech can save the title industry

An industry downturn is when leaders find out the real capabilities of the companies they have built. It’s easy to show a profit when sales are high, but when the tide rolls out the dangerous […]

industry
Housing Wire

The title industry’s role in uncertain times

January 20, 2023 Allen Santos Comments Off on The title industry’s role in uncertain times

After years of historic growth, the housing market is beginning to normalize. Home prices nationwide fell between August and September, marking the first time prices have declined for three consecutive months in nearly four years, […]

Housing Wire

Title insurers reckon with attorney opinion letters

October 17, 2022 Stu Turley Comments Off on Title insurers reckon with attorney opinion letters

Unlike the title industry’s cybersecurity and wire fraud challenges, which are strictly 21st century issues, the recent interest and use of attorney opinion letters (AOLs) harkens back to an earlier era of homebuying. Prior to […]

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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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