Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

ClosingReal EstateTitle

Stewart Title shows no signs of slowing down expansion

Acquisition of Las Cruces Abstract and Title expands footprint in New Mexico

Stewart Title has acquired Las Cruces Abstract and Title according to an announcement made Friday. Founded in 1926, Las Cruces Abstract and Title serves Dona Ana, Hidalgo and Luna Counties in southern New Mexico.

This purchase is just the latest in Stewart’s string of acquisition, as the company has looked to expand its share of the title insurance market. Earlier this month, the firm announced its acquisition of Rainier Title, bolstering its presence in the Pacific Northwest.

“The addition of Rainier creates additional growth opportunities for both teams and builds upon the momentum we’ve created across the country,” Stewart Group President Steve Lessack said in a statement.

Both of these acquisitions come just months after acquiring Stewart Title of Sacramento (STS) and Stewart Title of Placer (STP), two independently branded agents of Stewart Title Guaranty Company serving Sacramento, Placer, El Dorado and Yolo counties in September, and Title First Agency Inc, which is licensed to operate in 34 states and has strategic partnerships throughout the country, in July.

“Title First has grown into one of the largest independent title agencies in the nation, building strong partnerships across the United States to serve its residential, commercial, and lender customers in their purchase and refinance transactions,” Lessack said in a statement at the time of the acquisition.


How to solve communication breakdowns in the title workflow

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Presented by: CoreLogic

In addition, Stewart has been working to expand its data and analytics capabilities. Earlier this month it announced its acquisition of PropStream, a real estate data and analytics aggregator, for $175 million. This comes just a little over two months after the company announced its acquisition of Informative Research, a mortgage-focused data and analytics tech company based in Houston, for $192 million.

During the third quarter of 2021, Stewart reported a net income of $88.7 million compared to $55.9 million during the same time period a year prior. Additionally, the company reported $366.1 million in direct title revenue, up 31% from Q3 2020.

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