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Hometitle industry

title industry

Title industry
Housing Wire

Title industry: We contributed $30 billion to GDP in 2022

March 6, 2024 Mariel Alumit Comments Off on Title industry: We contributed $30 billion to GDP in 2022

​ 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 […]

Title industry
Housing Wire

Title industry prepares for possible changes in a post-commission lawsuit world

November 14, 2023 Mariel Alumit Comments Off on Title industry prepares for possible changes in a post-commission lawsuit world

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title, has been watching the commission lawsuit saga closely. “If the costs associated with homeownership and buying a home at a macro level […]

Housing Wire

For the title industry, new tech means new opportunities for fraudsters

June 9, 2023 Mark Paul Cervantes Comments Off on For the title industry, new tech means new opportunities for fraudsters

The title insurance industry is on the front lines in a never-ending war with the fraudsters. As the industry has gotten better at combatting wire fraud and even the more recent seller impersonation fraud, criminals […]

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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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