HousingWireHousingWire Annual property insurance costs for mortgaged single-family homes rose by a record $276 (or 14%) to $2,290 in 2024, per the latest Intercontinental Exchange (ICE) Mortgage Monitor Report released Monday. The report also said that average premiums are now up 61% over the past five years. Locations that saw…
Continue reading →HousingWireHousingWire Bank7 is expanding its mortgage reach in Oklahoma. The community bank has completed its acquisition of First American Mortgage, Inc., a small mortgage lender and brokerage based in the suburbs of Oklahoma City. Yukon-based First American Mortgage, Inc. founded in 1993 by its president and owner Dale Bogle, has…
Continue reading →HousingWireHousingWire Solomon Greene, a former top official at the U.S. Department of Housing and Urban Development (HUD) under President Biden, has been named the executive director of land and communities at the Lincoln Institute of Land Policy. Before joining the nonprofit housing group, Greene led HUD’s Office of Policy Development and…
Continue reading →HousingWireHousingWire Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial…
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