Cost of insurance, property tax top triggers of mortgage delinquencies

Hidden costs of homeownership, like property taxes and homeowners insurance, were given a 37 percent risk factor for triggering mortgage delinquency by leaders in default servicing, according to a survey by Auction.com. Continue reading

Floridians grapple with insurance changes as hurricane season nears

Seventy percent of Florida homeowners — or the area in which they live — have been impacted by changes to cost or coverage of home insurance in the last year, according to a report issued Wednesday by Redfin. Continue reading

Regulators place Porch’s insurance subsidiary under supervision

Fallout from the bankruptcy of reinsurer Vesttoo Ltd. ripples through the insurance industry, with Texas regulators keeping tabs on Homeowners of America Insurance Co. Continue reading

What you don’t know about insurance can hurt your clients

Insurance as a hot-button issue is likely not going away anytime soon. Unfortunately, as long as Mother Nature is in control, agents, buyers and sellers need to be more proactive than ever, broker Cara Ameer writes. Continue reading

State Farm exits California homeowners’ insurance market

Inflation, construction costs and intensifying wildfire seasons pushed State Farm to stop taking new homeowners’ insurance applications in California, the insurance giant announced Friday. Continue reading

‘A slippery slope’: 14 pros weigh in on biggest contract mistakes

Are you writing an error-free, winning offer? We reached out to industry professionals across the country to find out what contract details agents are getting wrong in today’s market. Continue reading

5 bad buyer habits that need to stop

Buying a home is stressful, and it can cause lots of anxiety for buyers. Sometimes that stress and anxiety can cloud buyers’ judgement. But when buyers take matters into their own hands, it can result in expensive mistakes. Continue reading