“With title insurance premium volume dependent on mortgage origination volume, all 50 states and the District of Columbia showed first-quarter premiums written increasing 27.5%, compared to the first quarter of the previous year,” said Diane Tomb, ALTA’s chief executive officer. “While the COVID-19 pandemic has shifted consumer demand in housing, origination volume in the first-quarter continued to hover near historic levels.”The institutional-investor cap may grab headlines, but permitting, construction costs, and local building activity will have a much bigger say in how much inventory originators have to finance
I grew up around home building. My sister and her husband, with a little help from the rest of the family, spent years putting new homes on the market around Sacramento. So when I read a housing bill, I ask one question first: will it get anyone to break ground?The 21st Cent...
How lenders and brokers can test the default, challenge the findings, and preserve a workable resolution in DPA, P&L, and DSCR disputes
A repurchase demand can create an immediate liability before the lender has enough information to know whether the claim is valid. The demand may identify the loan, repurchase price, and response deadline without providing the payment history or calculations necessary to eva...
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