Housing Wire

JUNE 17, 2024

The relative stability of the housing market in the first quarter of 2024 resulted in a fairly strong quarter for the title insurance industry. According to the American Land Title Association (ALTA) Market Share Analysis released Thursday, the industry generated $3.35 billion in title insurance premiums during Q1 2024, down only 0.8%

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Housing Wire

JANUARY 24, 2024

In fact, for many new buyers entering the market this year, this will be the first time they ever hear the words “ title insurance.” Against this backdrop, it is critical that new homebuyers and homeowners alike understand what title insurance is, its benefits and the importance of asking about discounts available to them.

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Housing Wire

MAY 14, 2024

Despite persistently high interest rates , big four title firm Fidelity National Financial recorded a much stronger start to 2024 than it did a year ago. The firm attributed its stronger results to better performance from both its F&G segment and its title insurance segment. The firm’s title segment reported $1.7

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Housing Wire

NOVEMBER 19, 2024

The Bipartisan Congressional Real Estate Caucus is calling on the Federal Housing Finance Agency (FHFA) to cease its pilot program for title insurance waivers until the program is vetted and the agency seeks public input on it. According to the letter, the average cost of a title claim and associated expenses is $26,000.

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Housing Wire

AUGUST 30, 2024

The title insurance industry is vigorously battling these challenges as it protects Americans’ largest asset, their homes. In fact, a new study notes that nearly all title companies surveyed currently provide or plan to provide education and resources to train employees on fraud.

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Housing Wire

JULY 24, 2024

Attorneys general in 14 states have joined together to send a letter to Federal Housing Finance Agency (FHFA) director Sandra Thompson that urges the termination of the agency’s title waiver pilot program. Title insurance is a state-regulated industry, and homeowners will be better served if it stays that way.

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Housing Wire

JULY 22, 2024

In a recent episode of “Ten Minute Talks,” HousingWire President Diego Sanchez and Alita Group President Stacy Mestayer discussed an alternative option to title insurance. Sanchez addresses the current version of title insurance and why an alternative is needed.

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Housing Wire

FEBRUARY 22, 2024

Despite slower housing market conditions , Big Four title firms Stewart , First American and Fidelity National Financial all managed to earn profits in 2023. Despite declines in title transaction volume, Stewart’s title segment still reported an operating revenue of $503 million for Q4, down 14% annually, and a pretax income of $27.3

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Housing Wire

OCTOBER 24, 2024

On Thursday, his office announced a settlement with Universal Title over allegedly engaging in kickbacks with real estate agents through joint ventures in the Washington, D.C., My office is committed to ending illegal kickback schemes in the title insurance industry,” Schwalb said in a statement. Section 31-5031.15

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Housing Wire

JULY 10, 2024

Despite having a 100-plus-year history, the title industry is now embracing some of the newest technologies on the market, including artificial intelligence. of title and escrow professionals surveyed have already adopted generative AI solutions, according to the State of AI in Title and Escrow published this week by Qualia.

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Housing Wire

MARCH 29, 2024

Publicly traded real estate technology company Doma Holdings has entered into a definitive agreement to sell to title insurance underwriter Title Resources Group (TRG) and become a private company. Its most recent endeavor is Upfront Title , launched during the third-quarter earnings call with investors and analysts.

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Housing Wire

OCTOBER 24, 2024

Alliant National Title Insurance Co. This is a strategic acquisition for DFH and allows us to further vertically integrate alongside our existing title insurance agency business while facilitating growth in the title insurance marketplace,” Patrick Zalupski, the chairman and CEO of Dream Finders, said in a statement.

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Housing Wire

DECEMBER 27, 2023

With its four largest firms all at least 100 years old, the title insurance industry has a bit of a reputation for being antiquated and technology averse. “I The title industry has worked hard over the last few years to shed that reputation. The unsung heroes of title are examiners, processors and receptionists,” Trimble said.

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Housing Wire

OCTOBER 4, 2024

For the title insurance industry, this meant an uptick in title insurance premium volume, which came in at $4.09 billion for the quarter, according to the American Land Title Association (ALTA)’s Market Share Analysis that was published Thursday. at 14.4%; Chicago Title Insurance Co. 2.6%) and Doma Title (1.8%).

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Housing Wire

MARCH 11, 2024

For title agency owners and professionals, finding the time and resources to train your team can be challenging. For instance, a blending training program could include in-person sessions on the fundamentals of title insurance , followed by online modules that reinforce and add context. ” We agree.

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Housing Wire

OCTOBER 8, 2024

Real estate software provider Qualia is looking to improve how it serves its title company customers. Through the network, Qualia said it hopes to help the title and escrow companies on its platform in reducing operational costs and “increasing efficiency and security via robust bank integrations.”

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Housing Wire

AUGUST 28, 2024

Westcor Land Title Insurance Co. The title firm has launched val-ID by Westcor, a tool designed to help title agents validate the identities of home buyers and sellers, according to an announcement on Wednesday. We believe val-ID will significantly benefit Westcor’s title agents and their clients.”

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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 20, 2023

Title premium volume continued to drop during the third quarter of 2023, as limited housing supply and high interest rates took their toll on home sales. During the third quarter of 2023, the title industry generated $4.1 During the third quarter of 2023, the title industry generated $4.1 Commonwealth Land Title Insurance Co.

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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

JANUARY 18, 2024

Closing software provider Qualia is accusing a former employee and startup title production software firm Settlor of stealing trade secrets. In a lawsuit filed on Tuesday in U.S. In the complaint, Qualia states that is reached out to Myers on Sept.

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Housing Wire

MAY 16, 2024

United Wholesale Mortgage (UWM) has launched a new service to handle all the title work for its brokers on refinancings. As a result, brokers no longer need to deal with a title company or settlement agent to close a refi. It said TRAC+ will allow the lender to “manage title review, closing, and disbursement.”

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Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. About two weeks later, “Big Four” title firm Fidelity National Financial was hit with a ransomware attack in which data belonging to 1.3

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Housing Wire

JUNE 28, 2024

Title insurance provides vital protection to the largest and most important purchase most Americans will ever make—their home. Director Rohit Chopra himself, in a recent appearance before the House Financial Services Committee , shook his head “no” when asked whether title insurance was a “junk fee” in questioning from Rep.

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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

JULY 5, 2024

Like many in title , Iain Bryant, the newly appointed president of Stewart Title’s agency division, found his way into the industry through family. Services , a title production business, in 1990, and after growing up surrounded by the title industry, Bryant said he was determined to never be part of the industry. “My

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Housing Wire

SEPTEMBER 6, 2024

For more than two years, a storm has been brewing in the title insurance industry. Last week, the first raindrops began to fall when the Office of the Attorney General for the District of Columbia (OAG) announced settlements with four title firms over alleged kickback schemes. Because these title firms were all licensed by the D.C.

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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

DECEMBER 12, 2024

It was July of 2020 and the interest rates had just dropped below 3%, every Title & Escrow company was slammed! Every title company wanted a great piece of the current refi market and most would do about anything to obtain it.The problem; almost all were late to the party and not prepared.

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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.

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Housing Wire

NOVEMBER 29, 2023

If a person passes away without an end-of-life document, a property often becomes heirs’ property, meaning that it is passed informally to the next generation without a proper title documenting ownership. How is the title industry helping to address heirs’ property?

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Housing Wire

AUGUST 29, 2024

Four title insurance firms have agreed to pay nearly $3.3 area, according to the Attorney General for the District of Columbia Allied Title & Escrow, LLC (Allied), KVS Title, LLC (KVS), Modern Settlements, LLC (Modern), and Union Settlements, LLC (Union) will pay $1.9 million, $1 million, $325,000 and $65,000, respectively.

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Housing Wire

DECEMBER 18, 2024

As the housing market picked up in much of the country during the third quarter of 2024, so did business for the title insurance industry. During the third quarter of 2024, the title industry generated $4.3 billion in title premiums, up 5.3% In total, during the first nine months of the year, title insurance premiums are up 3.2%

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Housing Wire

NOVEMBER 18, 2024

Department of Housing and Urban Development (HUD) on Monday announced a proposal to shift its Title I home loan programs to the use of the Uniform Residential Loan Application (URLA) that would more closely align them with broader industry standards.

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Housing Wire

JUNE 18, 2024

RE/Max overtook Keller Williams, which took the title in 2019. ”RE/MAX RE/MAX has held onto this spot since the publication of the 2020 iteration of The Thousand, which was based off sales data from 2019. RE/MAX agents are known to be the most trusted, professional and productive agents.

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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

OCTOBER 31, 2024

What the title industry Is doing It has been a longstanding priority for the title industry to increase awareness and identification of real estate wire fraud. Through consumer warnings on websites and email communications, preparedness tools, and other educational resources, the title industry is committed to thwarting these scams.

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