Originations

The Biden Administration's title waiver pilot has started a broader discussion on whether the product is worth the money paid or even needed at all and can be replaced by an alternative.

Unintended consequences of shifting the burden for title insurance to the lender could end up harming consumers, several observers said.

Cost of property coverage rose more than 55% over the last five years and it'll likely keep rising through 2024, a report from Guaranteed Rate found.

The American Land Title Association, which represents the title insurance industry, argued that the program would not cut costs for those who really needed it.

This business, tied to the mortgage origination outlook, is becoming ly attractive for 2024, according to BTIG.

The digital lender's product comes amid soaring expenses for homeowner's coverage.

A combination of economic and environmental factors are sending property and flood coverage premiums soaring, which can make costs insurmountable for some.

The large companies are facing macroeconomic pressures because of high mortgage rates, Fitch said, but the American Land Title Association noted the industry's strong financial position.

The ledger technology can make artificial intelligence systems more transparent, some industry stakeholders say.

The first and fourth-largest home insurers in the Golden State won't issue new policies because of rising construction costs and exposure to catastrophes.

Decision-making algorithms powered by machine learning are seen as the next frontier for a more nuanced approach to mortgage decisions but skeptics worry this will just be a new way to discriminate.

The title insurer was the third of the big four companies to come to an agreement with New York Attorney General Letitia James in an ongoing investigation.

Lenders have focused on front-end cost differences since key secondary market players opened up the option, but what happens when a problem emerges down the road is worth weighing too.

A likely recession will only further the six active players' conservatism in their capital strategies, Fitch Ratings said.

The deal would put housing data provided by the acquiring intelligence provider in front of lenders early in the mortgage borrowing process.

The cut reverts the mortgage insurance requirement to pre-financial crisis levels.

As one of the latest examples of consolidation in the industry, the acquisition is notable in that it aims to preserve the availability of lending resources for both parent companies' customers.

All six companies were profitable in the fourth quarter and the full year, but had far less new volume than in 2021.

The private mortgage insurer is purchasing Agents National and Boston National from Incenter, which itself is a unit of Finance of America.

Special purpose credit programs, down payment assistance and potential mortgage insurance premium cuts came into focus over the past year.