The title insurance industry began its recovery last year from its massive skid at the end of the refinance boom. Companies generated $16.2 billion in title insurance premiums in 2024, a 7% annual increase, the American Land Title Association reported Thursday. The positive momentum follows year-over-year premiums written declining 31% in 2023 and 16% in […]
Title insurers’ rising premiums ends two-year slide Read More »
While the 30-year fixed rate mortgage remained under 7% for the 17th consecutive week according to Freddie Mac’s calculations, it increased 5 basis points as the bond markets remain volatile over the U.S. economy. This and other measurements moved in the same direction with the yield on the 10-year Treasury, which rose 25 basis points
Inflation news helps to push mortgage rates higher Read More »
The volatile mortgage rate environment in the fourth quarter last year did not impact the quality of closed applications, with critical defects falling to their second lowest level on record, Aces Quality Management found. “Lenders made meaningful progress in loan quality in 2024, closing the year with one of the lowest quarterly critical defect rates
Loan defect share improved even as mortgage rates rose in 4Q Read More »
Mortgage shoppers submitted 1.1% more applications for the week ending May 9 than they did at the end of April, according to the Mortgage Bankers Association. The trade group’s Refinance Index also fell 0.4%, as volatility driven by economic uncertainty appears to fade. Consumers watched rates for all but 15-year fixed-rate and jumbo mortgages rise,
Mortgage applications rise 1.1% as rates stabilize Read More »
April’s increase in rate lock activity does lend some support to the optimistic views on Spring’s market, according to Optimal Blue. Its Market Volume Index, a measurement of rate lock activity, was at 109 for April. This was up from 105 in March, a gain of 3.2%, and 103 for April 2024, 5.9% higher. This
What rate lock activity means for the Spring purchase market Read More »
The Mortgage Bankers Association has responded to the Office of Management and Budget’s request for information on “unnecessary, unlawful, unduly burdensome and unsound rules” with several origination and servicing policy suggestions. There already has been pullback from some of the policies the association is calling for the Office of Management and Budget to rescind, with
Mortgage bankers ask OMB to end or revise several rules Read More »
Signs from early April that the housing market is coming around will help the title industry’s performance on what has been a slow start to the spring season. However, the biggest news that shook up the industry took place on April 10 at the second largest company by total volume. Following an incident on a
Title underwriters stay profitable in difficult Q1 Read More »
A lack of housing inventory, fluctuating mortgage interest rates and home prices are the subjects that worry loan originators this year, those participating in the annual National Mortgage News Top Producers survey said.The annual survey had 327 originators participate, a number slightly smaller from last year, but the outcomes were notable. Surprisingly, LOs seem rather
LOs pivoting to non-QM, equity products: survey Read More »
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