Insurance

Lower mortgage loan origination volume in 2018, on top of 2017's decline, will lead to further reduction in title insurer profitability and a possible increase of merger activity.

Hurricane Irma's price tag in federal disaster assistance now totals $1.95 billion in Florida, including $39 million on the Treasure Coast, according to federal reports.

Colonial Savings founder James S. DuBose died after a yearlong battle with cancer. He was 93.

Numerous business sectors are urging lawmakers to act quickly to extend the National Flood Insurance Program before a crucial deadline next week.

Assurant and its American Title subsidiary are adapting hybrid title and appraisal products used in the home equity market to the first-lien mortgage market on a test basis.

Seven flood-prone Highland Park, Ill., homes adjacent to forks of the North Branch of the Chicago River could potentially be purchased, demolished and converted to open space under a voluntary flood buyout.

The House approved a five-year extension of the National Flood Insurance Program on Tuesday, but it remains unclear whether the Senate will seek to pursue its own bill. The program is due to expire Dec. 8.

Fannie Mae is allowing in some situations where mortgage payments are made by someone other than the borrower for the full monthly housing expense to be excluded from debt-to-income calculations.

The Canyon 2 wildfire has been contained for more than a week, but aftereffects from the 9,200-acre conflagration still are rippling throughout Orange County, Calif.

The bill includes $16 billion in debt forgiveness for the National Flood Insurance Program and could benefit financial institutions’ customers in areas impacted by recent hurricanes and wildfires.