Housing Wire

NOVEMBER 4, 2024

An overdue shift in homeowner attitudes about selling their homes is a major factor, Redfin reported. Recently, the “lock-in effect” has kept homeowners with historically low-rate mortgages from selling, but this effect is easing. The available inventory of existing homes rose by 22% year over year in Q3 2034. million units.

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Housing Wire

AUGUST 2, 2024

These two factors have resulted in renter households growing at three times the rate of homeowner households, according to a new report from Redfin that crunched U.S. Meanwhile, homeowner households grew by only 0.6% Census Bureau data back to 1994. renter households grew 1.9% year over year in the second quarter of 2024, hitting 45.2

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Housing Wire

SEPTEMBER 9, 2024

Homeowners insurance costs are higher now than they have typically been , which has the potential to hit those living on a fixed income particularly hard. A lot of my calls start with clients asking about whether or not they should get a reverse mortgage,” she told the outlet. “My My next question is, why are you calling?

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Mortgages Loans As-is Finance 448

Housing Wire

AUGUST 2, 2024

Artificial intelligence (AI) is poised to dramatically change every aspect of daily life, and it’s starting to bring tools to homeowners as well. Private equity firm Exuma Capital Partners announced that it is the lead investor for a newly launched, AI-powered homeowner management tool called Property.com.

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Housing Wire

JUNE 12, 2024

The program was designed to help military service members successfully transition to civilian status by becoming homeowners and building the wealth they missed out on during the war. The VA loan program — which was established in 1944 through the GI Bill — will celebrate its 80th anniversary on June 22. It originated $17.6

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Housing Wire

DECEMBER 13, 2024

Malibu’s Franklin Fire torched over 4,000 acres this week in one of the country’s most expensive housing markets, putting more pressure on homeowners insurance premiums in a state that is already facing an insurance crisis. What will happen to insurance costs in California now?

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Housing Wire

NOVEMBER 7, 2024

In second-quarter 2024, high home prices and soaring mortgage rates caused more homeowners to struggle with their loan payments. Declining delinquency rates could indicate that homeowners are gradually recovering from tough market conditions caused by high mortgage rates and other factors.

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Housing Wire

NOVEMBER 7, 2024

It’s resulting in calls to reimagine the costs of homeowners insurance (Image generated by AI in Midjourney) As the planet warms and extreme weather intensifies, the rising cost of homeowners insurance is stopping real estate deals in their tracks. Climate change is increasing the intensity and severity of natural disasters.

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Housing Wire

OCTOBER 24, 2024

Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. She wants to offer those homeowners the resources and care that her mom and stepdad didn’t experience. “I There is nothing like that face to face.

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Housing Wire

DECEMBER 17, 2024

Because the children of homeowners are more likely to be homeowners themselves, this pattern has profound implications on the economic mobility for younger homebuyers like millennials and Gen-Zers and also for future generations. The wealth gap between homeowner and renter households is widening.

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Housing Wire

NOVEMBER 15, 2024

This week, we got the updated New York Fed credit data report and it shows the strong position of homeowners — especially in comparison to the years before the Great Financial Crisis. As homeowners age, their wages have grown and their cash flow has improved. The typical response is to take Uncle Dave to bed for his nap.

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Housing Wire

JUNE 10, 2024

It’s also due to growing property taxes and homeowners insurance premiums as providers exited states where risks are elevated. While homeownership is worth the financial sacrifice, homeowners also need to be aware of the ongoing expenses that go along with owning property. “No

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Mortgages As-is Finance 518

Housing Wire

APRIL 17, 2024

Homeowners may also use second mortgages to access the equity in their homes, [where] only the smaller, second mortgage would be subject to the current market rate, as the original terms of the first mortgage would remain intact.” FHFA Director Sandra Thompson explained that such options are needed in the current mortgage rate environment.

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Housing Wire

SEPTEMBER 19, 2024

Higher rates over time have a big impact on consumers, especially older homeowners. Higher rates in the ecosystem end up costing consumers more money and has a bigger impact on older homeowners who are on fixed income. Company-specific impacts should be notable due to the likely impact on its asset values, she said.

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Housing Wire

JULY 25, 2024

Home insurance premiums have risen by as much as $865 this year for homeowners who originally purchased their policies in 2021. In response, the mortgage industry and federal regulators are aiming to determine the best courses of action to mitigate the financial burdens on both homeowners and insurance carriers.

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Housing Wire

DECEMBER 5, 2024

In tandem, Splitero also announced that it is expanding its product solutions to Tennessee and Virginia to provide more homeowners with alternative ways to access to home equity. “This investment allows us to ensure that more homeowners can access their home equity to secure their financial future,” he said.

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Housing Wire

DECEMBER 20, 2024

Sessions added that the bill takes a practical approach to deliver meaningful relief to homeowners. By addressing a key inequity in the FHA system, this bill rewards financial responsibility and empowers homeowners across the country. Meeks (D-N.Y.) Mortgage insurance exists as protection from foreclosure on low equity loans.

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Housing Wire

SEPTEMBER 20, 2024

The AG’s office took issue with MV Realty’s Homeowner Benefit Agreement. The AG’s office took issue with MV Realty’s Homeowner Benefit Agreement. Under the agreement, in exchange for a cash payment, the homeowner signs over the right to list their home for the next 40 years to MV Realty.

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Housing Wire

SEPTEMBER 10, 2024

In a traditional sense, the term “silver tsunami” refers to pent-up housing stock that older homeowners will eventually choose to sell, which would have the effect of flooding the market with new inventory. There’s a wide variety of reasons homeowners made this decision,” the survey results explained.

Mortgages 482

Mortgages As-is Marketing Sales 482

Housing Wire

AUGUST 21, 2024

Rising insurance costs have hammered homeowners in areas exposed to climate change risks, including wildfires. But CoreLogic said that regulatory changes can help to better cover homeowners these areas. CoreLogic recommends that homeowners use mitigation measures to lower the risk of their property being consumed by wildfire.

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Housing Wire

NOVEMBER 26, 2024

The feature allows homeowners to directly monitor their tax assessments in one place. This collaboration streamlines operations by combining homeowner engagement with a better understanding of property tax assessments and appeals. Before, homeowners would have to rely on third-party services to access their property tax data.

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Housing Wire

OCTOBER 9, 2024

With the death toll from Helene crossing the grim milestone of 230 this week — and with thousands of impacted homes without flood insurance wiped away — this could lead to a ripple effect that drives homeowners insurance premiums even higher. The move paid off, since a hurricane arrived not long after. That’s no longer the case. “I

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Housing Wire

JUNE 7, 2024

Despite this grim outlook, there is a title insurance product that offers homeowners immediate peace of mind. This crucial distinction means that if a fraudulent deed is discovered, homeowners can simply file a claim with their title insurance company and let them handle the problem. What can a true owner do if this happens to them?

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Housing Wire

SEPTEMBER 17, 2024

The product is a second mortgage with a below-market interest rate that allows a homeowner to tap into their equity without refinancing their existing mortgage. With lower monthly payments, made possible by shared home appreciation, homeowners can confidently pursue their financial goals with peace of mind.”

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Housing Wire

OCTOBER 18, 2024

When older homeowners wish to access a portion of their equity, there are multiple options. A refinance not only saddles the homeowner with a required monthly payment but will also typically result in a higher interest rate for those that refinanced in the last decade. Of course, selling the home is generally not desirable.

Mortgages 448

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Housing Wire

OCTOBER 22, 2024

Unexpected financial hardships are an unfortunate but not uncommon challenge facing many homeowners. To help overcome these obstacles, Sagent has created its Dara Loss Mitigation platform as a solution that modernizes how homeowners and mortgage servicers address financial hardship.

Mortgages 448

Mortgages Technology Design Investor 448

Housing Wire

SEPTEMBER 11, 2024

According to S&P Global, insurance premiums increased nationally by 34% between 2017 and 2023, with even more increases hitting homeowners in 2024. The costs to buy a home have dramatically increased in recent years. The other piece of the affordability puzzle is income. Affordability is the cost relative to a buyer’s ability to pay.

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Housing Wire

MARCH 7, 2024

Addressing rate lock-ins Homeowners who benefited from the post-pandemic, low-rate environment are typically more reluctant to sell and give up their rate, even if their circumstances may not fit their needs. The White House says that, if enacted, this would save thousands of homeowners up to $1,500 — or an average of $750.

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Housing Wire

OCTOBER 7, 2024

Under now-bankrupt brokerage MV Realty’s right-to-list agreement — which it calls a Homeowner Benefit Agreement (HBA) — a homeowner signs over the right to list their home for the next 40 years to MV Realty in exchange for a cash payment. MV Realty is facing more legal action, this time in Minnesota.

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Brokerage Title Sales Investor 448

Housing Wire

JULY 24, 2024

Title insurance is a state-regulated industry, and homeowners will be better served if it stays that way. They also note that the program only benefits homeowners who are refinancing loans that the FHFA has deemed “lower risk,” which the attorneys general claim ignore the needs of first-time and low-income homebuyers.

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Housing Wire

MAY 8, 2024

Americans don’t have a recast rate loan risk; almost all mortgage loans after 2010 are fixed 30-year mortgages, which allows homeowners to benefit from fixed debt costs and rising wages. Because credit channels are normal and the quality of homeowners is good, we don’t have a lot of forced selling going on today versus that period.

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Staging Loans Mortgages Sales 518

Housing Wire

MAY 6, 2024

And while prospective homebuyers cope with the challenges of rising housing unaffordability, existing homeowners are reaping the benefits of historically strong price gains. homeowners with mortgages have tappable equity. Today, with 3.3 months of supply, inventory is still historically low and indicative of a seller’s market.

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Equity Mortgages Finance Loans 497

Housing Wire

OCTOBER 4, 2024

Homeowners 62 and older saw their collective home equity levels rise in the second quarter of 2024 by roughly $600 billion, increasing to a total of $14 trillion and continuing a streak of forward momentum observed in the first quarter. Senior homeowners were beneficiaries of the acceleration in home prices seen during the COVID-19 pandemic.

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Housing Wire

OCTOBER 21, 2024

As 2025 approaches, the U.S. real estate market is marked by contradictions that are leaving many confused. Mortgage rates, rental patterns, homeownership dreams, and housing trends across the country are all seemingly colliding in ways that create both opportunities and uncertainties. As of early October, the 30-year fixed rate stood at 7.2

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Housing Wire

DECEMBER 3, 2024

Prospective homeowners enter the housing market with two questions: Where do I begin? Potential homeowners should be able to handle this confusion in a world where technology and digital tools rule customer service. How much home can I afford? Once the process starts, nearly half of home buyers report shedding tears at some point.

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Housing Wire

SEPTEMBER 27, 2024

The storm comes at a time when Florida homeowners are already dealing with rising insurance premiums and even the potential loss of coverage as insurers face heavy financial losses and closures. A report released earlier this year by S&P Global found that homeowners insurance rates in Florida rose by 43% from 2018 to 2023.

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Commercial As-is Finance Marketing 435

Housing Wire

MAY 15, 2024

Freddie Mac proposes to purchase closed-end second mortgages on properties for which it already holds the first mortgage so homeowners can keep the same mortgage interest rate on their primary mortgage. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.” Morgan and Saluda Grade.

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Equity Loans Investor Mortgages 492