Mortgages

This is the second acquisition deal Old Republic has been involved in this year, after selling its title production business in January.

Kin, a direct-to-consumer insurance provider, has started a mortgage broker in Florida which also takes loan applications through a call center or online.

The title industry sustained improvement first seen last year, with second-quarter premium totals up on both a quarterly and annual basis, ALTA said.

Consumers are so concerned about rising costs that they often forego coverage altogether, according to two separate studies from Valuepenguin and Realtor.com.

Premiums for property insurance have risen over 69% since 2019, far outpacing other components of the monthly mortgage payment, ICE Mortgage Technology found.

The U.S. Mortgage Insurers put out a blog promising its members would be ready to accept submissions for coverage which were scored using VantageScore.

Between rising home costs and the end of mortgage relief programs, many homeowners are struggling to stay above water, especially in the South and West.

More powerful storms and pricier building costs are behind the increases in premiums, said the report's authors.

Numbers on use and performance point to potential for nonpublic insurers to take on a greater role but also suggest there are limits to it, Fitch Ratings found.

Private mortgage insurers must accept the FICO alternative as valid collateral before it can be widely adopted by the mortgage industry.