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Housing Starts Spring Forward in March
Housing production rebounded in March as buyer demand remains solid due to low mortgage interest rates. Overall housing starts increased 19.4 percent to a seasonally adjusted annual rate of 1.74 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Real Document Solutions
Marijuana and Real Estate: A Budding Issue
As marijuana becomes legalized in more parts of the country and as an increasing number of states grow, harvest, store, sell and allow consumption, the nation's real estate industry has felt the effects.
Real Title Services
Supplementary Exhibit in Zillow Antitrust Case Show How Far NAR and Legacy Real Estate Brokers Will Go To Stifle Consumer Choice
REX has filed supplementary evidence and analysis in its antitrust case against Zillow and the National Association of Realtors (NAR) to show the staggering negative impact on consumer choice, tech-enabled innovation, and price competition resulting from Zillow's recent web display change that favors high-commission legacy brokers at the expense of aspiring homebuyers and tech innovators.
10 Companies Are Now MISMO RON-Certified
MISMO®, the real estate finance industry's standards organization, today announced that 10 companies have successfully completed MISMO RON certification. Black Knight and Stavvy join 8 previously certified companies.
March New Home Purchase Mortgage Applications Increased 7 Percent
The Mortgage Bankers Association Builder Application Survey data for March 2021 shows mortgage applications for new home purchases increased 7 percent compared from a year ago.
Builder Confidence Edges Up as Strong Demand Offsets Supply-Side Challenges
Strong buyer demand pushed builder confidence up in April even as builders continued to grapple with rising lumber prices and supply chain issues and consumers faced higher home prices due to a lack inventory.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending April 9, 2021.
Share of Mortgage Loans in Forbearance Decreases to 4.66 Percent
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 24 basis points from 4.90% of servicers' portfolio volume in the prior week to 4.66% as of April 4, 2021. According to MBA's estimate, 2.3 million homeowners are in forbearance plans.
NAHB Holds COVID-19 Vaccine Awareness Week in Construction April 19-23
The National Association of Home Builders and construction industry partners are organizing the COVID-19 Vaccine Awareness Week in Construction, April 19-23 to encourage construction professionals to do their part to help the country end the pandemic and return to normal.
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Housing market inventory is starting to recover
Housing starts jumped in March, recovering from a bleak February that included wild winter storms in the South, according to a recent report from the Census Bureau. Single-family housing starts rose 15.3% over the month to a pace of 1.24 million annualized units. That's up 37% from a year ago, but it's important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae.

PennDOT abuse of eminent domain to build Route 443 retention ponds
The hardworking folks who do snowplowing at all hours of the day and maintain the commonwealth's roads certainly take a bum rap for the Pennsylvania Department of Transportation's poor upper management.

Blend, valued at $3.3B, plans to go public
Blend, which was named as one of HousingWire's 2021 Tech 100 winners, has steadily grown to be a powerhouse in the mortgage tech industry. Blend's white label technology is what powers mortgage applications on the site of banks such as Wells Fargo and U.S. Bank and integrated with CoreLogic in 2019 for an easier access line to borrowers' credit.

Title insurers wrote nearly $20 billion in premiums in 2020
Title insurers wrote $19.2 billion in premiums last year, but a recent report from the American Land Title Association predicts a slowdown in 2021 due to - you guessed it! - low inventory. ALTA officials "do not expect the same level of refinance activity" this year, even though the residential purchase market appears to be holding steady as the calendar approaches May, according to Diane Tomb, ALTA chief executive.

Safe Alert! New malicious hacking tool impersonating Docusign®
The bad guys are still at it - creating fake emails and documents supposedly from DocuSign to try and trick you into downloading malware onto your computer.

Notarize Will Allow Notaries to Bring Their Own Transactions onto The Platform
Starting in early May, notaries in Tennessee and Washington can sign up on the Notarize platform to run their business independently. Notarize is piloting the program with a two-state launch before quickly rolling out to additional states over the summer. By the end of 2021, this platform function will be available to notaries in all 32 RON-approved states.


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A Reminder of Why Title Insurance is so Important
Source of Title Blog
2021/03/07
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