A European title insurance underwriting affiliate of Stewart Information Services Corp., Houston, has opened a new office in Budapest, Hungary.The company has named Gabor Kovats, who has nearly 10 years of experience in the country's financial and real estate industries, as the business development manager for Hungary. "The Hungarian title insurance industry is growing, and the opening of our Budapest office and the addition of Gabor will ensure that we are there to fully support and become an essential resource to our clients," said Steven M. Lessack, chief executive officer of Stewart Title Ltd., London.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
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