Genworth mortgage insurance arm IPO on ice

Date: 13 May 2021 / Posted By: admin

Genworth mortgage insurance arm IPO on ice Genworth Financial said it will delay the initial public offering of its recently rebranded mortgage insurance arm, Enact Holdings. Tom McInerny, the president and CEO of Genworth, said that recent market volatility led the company to put off the IPO. T

New home sales battled scorching prices in April

Date: 13 May 2021 / Posted By: admin

New home sales battled scorching prices in April Mortgage applications for new homes dropped 9% in April from March, however, overall applications are still up a whopping 30.8% year over year for homebuilders, according to the latest survey report from the Mortgage Bankers Associatio

How does the FHFA 7% loan cap on GSEs affect originators?

Date: 13 May 2021 / Posted By: admin

How does the FHFA 7% loan cap on GSEs affect originators? As you probably know by now, the Federal Housing and Finance Agency has limited GSEs to a 7% cap on loan purchases for second home and investment properties. This means that lenders who sell these types of loans to Fannie Mae and Freddie Mac

How appraisers value homes in a hot housing market

Date: 13 May 2021 / Posted By: admin

How appraisers value homes in a hot housing market Robin Sheridan, a real-estate broker with Compass Washington, recently listed a three-bedroom home in Seattle for $795,000. The 76-year-old brick home had what Sheridan considered a “funky layout,” with two rooms added to the back that didn

Mortgage rates manage another dip to 2.94%

Date: 13 May 2021 / Posted By: admin

Mortgage rates manage another dip to 2.94% The average 30-year fixed rate mortgage managed another dip last week, falling two basis points to 2.94%, according to Freddie Mac‘s PMMS. Since the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have

Accurate Group acquires Coast to Coast Title & Escrow

Date: 13 May 2021 / Posted By: admin

Accurate Group acquires Coast to Coast Title & Escrow Accurate Group has acquired Coast to Coast Title & Escrow (CTC) in Florida, expanding its presence in the southeast U.S. The acquisition also strengthens Accurate Group’s national title insurance and closing capabilities, accordin

AM Best affirms ‘good’ rating of Title Resources Guaranty

Date: 13 May 2021 / Posted By: admin

AM Best affirms ‘good’ rating of Title Resources Guaranty AM Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb+” of Title Resources Guaranty Co. (TRG), which is owned by Realogy Holdings Corp. AM Best also assesses TRG’s bala

AccuTitle acquires TrackerPro

Date: 13 May 2021 / Posted By: admin

AccuTitle acquires TrackerPro AccuTitle acquired New York-based TrackerPro, adding it to its offering of RealTech software platforms including TitleFusion, Closers’ Choice, Landtech, and MagramOnline. TrackerPro clients will remain on their current platform. Read on for more. Source: thetit

Visionet launches new product division for AtClose

Date: 13 May 2021 / Posted By: admin

Visionet launches new product division for AtClose Visionet Systems Inc. launched a new product division and website for AtClose, a cloud-based platform for lenders, closing agents, and service providers to facilitate title, appraisal, and settlement processing. Read on for more about new divi

Alliant National announces Florida vice president

Date: 13 May 2021 / Posted By: admin

Alliant National announces Florida vice president Alliant National Title Insurance Co. named a new vice president in Florida. Read on for more about the internal promotion. Source: thetitlereport.com