The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Closing

HG Holdings acquires National Consumer Title

Company reports $5.5 million price tag

North Carolina-based HG Holdings Inc agreed last week to acquire 100% of the equity of Florida-based National Consumer Title Insurance Company — owned by Southern Fidelity — and 100% of the interest in National Consumer Title Group LLC.

HG Holdings will pay Southern Fidelity $5.5 million, according to a statement put out by the company.

Steve Hale, HG Holdings CEO and chairman, said the deal marks HG’s first entry into the insurance business after dealing in real estate investment and management.

“We are excited about the prospects of entering the insurance industry via this title insurance platform,” Hale said in a company release. “Working with the owners and management of Southern Fidelity to complete this transaction was delightful, and we hope to find future ways to partner with them.”

Per Demotech, National Consumer Title had $1.6 million in direct written premiums in 2020. Of note, the company indirectly owns 50% of the membership interest in Omega National Title Agency, according to a release from HG Holdings.


How hybrid title and valuations help increase lending efficiency

Streamline by combining services. Why use several vendors for title searches, appraisals and underwriting when you can use one?

Presented by: Altisource

Formerly known as Stanley Furniture Company, HG Holdings owns and operates 24 single-tenant properties leased for the occupancy by federal agencies — including the Federal Bureau of Investigation, the Drug Enforcement Administration, the Social Security Administration, and the Department of Transportation.

HG Holdings reported $27 million in first quarter 2021 assets, but lost $188,000 in income.

There have been plenty of first quarter acquisitions in the title industry. Wisconsin-based Knight Barry Title announced its acquisition of MLS Title in mid-April, followed by Community Title Network LLC acquiring Colony Title Group LTD at the end of the month.

Stewart Title also recently acquired Prima Title LLC, a Santa Fe, New Mexico-based company, and Blend announced in March its acquisition of Title365 from the Mr. Cooper Group for approximately $422 million. And TitleOne, a subsidiary of Realogy Title Group, announced in March the acquisition of Land Title of Nez Perce County in Lewiston, Idaho.

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