NAHB Calls on Senate to Pass Tax Bill
March 17 2024 |
“In an era of hyper-partisanship, the House voted overwhelmingly to approve this critical bill last month because Republican and Democratic lawmakers recognize it contains a number of provisions to help families, assist small businesses and promote the production of attainable, affordable housing,” said NAHB Chairman Carl Harris.
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FirstClose Equity'sT Order Management Module Now Available to Encompass® Users
March 14 2024 |
FirstClose, Inc., a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, announced today that its home equity settlement services ordering module within FirstClose Equity is now available in Encompass leveraging the latest API integration framework from Intercontinental Exchange (ICE).
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Mortgage Applications Increase in Latest MBA Weekly Survey
March 13 2024 |
“Mortgage rates dropped below 7 percent last week for most loan types because of incoming economic data showing a weaker service sector and a less robust job market, with an increase in the unemployment rate and downward revisions to job growth in prior months,” said Mike Fratantoni, MBA’s SVP and Chief Economist.
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Fathom Holdings Establishes Verus Title Elite - A Strategic Joint Venture with Fathom Realty Top Producers in Texas
March 12 2024 |
Fathom Holdings Inc., a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, today announced that its subsidiary, Verus Title Inc has established a strategic joint venture with individual teams and top producing agents of Fathom Realty throughout Texas that is expected to increase Verus's and thereby Fathom's revenue and profitability.
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NotaryCam Achieves Record RON Growth in 2023
March 12 2024 |
NotaryCam®, a Stewart-owned company and leading remote online notarization (RON) provider for real estate and legal transactions, announced significant growth in 2023, expanding its independent notary platform customer base by 46% and the number of loss mitigation-related RON transactions by 115%.
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MBA Statement on HUD Secretary Marcia Fudge
March 11 2024 |
“MBA thanks Marcia Fudge for being a trusted industry partner and champion of improving affordable homeownership and rental housing opportunities for all Americans during her three-year tenure as HUD Secretary."
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Director Sandra Thompson's Statement on Title Acceptance Pilot
March 07 2024 |
For many aspiring and current homeowners, closing costs represent a substantial affordability barrier to purchasing or refinancing a home. The Federal Housing Finance Agency (FHFA) continues to focus on ways Fannie Mae and Freddie Mac (the Enterprises) can responsibly reduce closing costs for homeowners in a safe and sound manner. Homeowners who want to refinance their mortgages are often surprised to learn that the out-of-pocket costs can make that difficult. One of those costs is a new lender’s title insurance policy that covers the lender, but not the homeowner.
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ALTA Says White House Attack on Title Insurance Offers False Promise of Savings
March 07 2024 |
The announcement made today by the Biden Administration approving a pilot program to waive the requirement for lender’s title insurance on certain refinances in an effort to reduce closing costs for homeowners is a purely political gesture offering a false promise of savings for homeowners while exposing consumers, lenders, and taxpayers to greater financial risk.
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TitleEQ Integrates With Liquid Logics LOS
March 06 2024 |
The integration will provide access for mortgage lenders using Nova to TitleEQ’s instant title quotes and full settlement service suite. TitleEQ utilizes TitleBox LIVESearch, an instant, AI-generated assessment of title searches designed to help clear title more efficiently and cost-effectively.
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Small Business-Dominated Title Industry Generates $30 Billion Annually to U.S. GDP, New Study Finds
March 06 2024 |
“The industry is proud of our record of not just protecting the communities we serve, but leaving a lasting footprint,” said Diane Tomb, ALTA’s chief executive officer. “Despite economic challenges in 2022, the industry continued to deliver jobs, support small businesses, provide critical funding for community priorities and, importantly, protect millions of Americans’ property rights.”
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Mortgage Applications Increase in Latest MBA Weekly Survey
March 06 2024 |
"The latest data on inflation was not markedly better nor worse than expected, which was enough to bring mortgage rates down a bit, with the 30-year fixed mortgage rate declining slightly last week to 7.02 percent,” said Mike Fratantoni, MBA’s SVP and Chief Economist. “Mortgage applications were up considerably relative to the prior week, which included the President's Day holiday."
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Single-Family Production Shows Signs of Stirring Across the Nation
March 05 2024 |
Led by larger urban metro markets, single-family growth rates are showing signs of a turnaround as moderating mortgage rates and a lack of existing inventory are contributing to a gradual upward trend, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index for the fourth quarter of 2023.
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