Housing Wire

JANUARY 22, 2025

Online real estate marketplace Auction.com announced Wednesday that it is launching SmartSale, a technology-powered option to foreclosure that lets distressed homeowners list and sell their property. SmartSale allows homeowners to sell their homes through direct offers from buyers or an auction process.

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Proof of funds Equity Technology Banks 369

Housing Wire

DECEMBER 26, 2024

The legal department at eXp Realty and parent company eXp World Holdings is not getting any rest over the holidays. The suit was filed on Friday by Michael Ammann in U.S. District Court in Miami. The plaintiff is representing himself pro se. 4, followed by a detailed affidavit sent on Nov. eXp did not return a request for comment.

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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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Design Mortgages Lending As-is 482

Housing Wire

JANUARY 3, 2025

The California Department of Insurance unveiled a new regulation this week that aims to increase homeowners insurance coverage in areas prone to wildfires , a response to the recent pullback in policies by several major insurers. This is a historic moment for California.

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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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Bankruptcy Equity Hard money loan Finance 448

Housing Wire

SEPTEMBER 12, 2024

But growth began to slow during these three months, according to the CoreLogic Homeowner Equity Insights report published on Thursday. But pace of growth slowed, CoreLogic reported, as these homeowners saw an average gain of $25,000 during the year ending in June, which was down from $28,000 during the year ending in March.

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Equity Mortgages Residential As-is 508

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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Marketing Equity As-is Mortgages 397

Housing Wire

DECEMBER 30, 2024

In November, Redfin also reported that renter household growth is significantly outpacing that of homeowners, showcasing a shift in market dynamics. Home sales may also ramp up as the lock-in effect loosens its grip on homeowners. The report focuses on homes that were on the market for at least 60 days at end of the month.

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Mortgages Brokerage Sales Marketing 487

Housing Wire

JULY 10, 2024

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week , and now the FHFA National Mortgage Database Aggregate Statistics , we have a lot of visibility into the financial position of the American homeowner. At the end of the pandemic, American homeowners had the best deal ever on their mortgages.

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Equity Loans Mortgages Sales 545

Housing Wire

SEPTEMBER 9, 2024

Why is homeowners insurance so expensive in the Upper Midwest? This is according to an article published by the Federal Reserve Bank of Minneapolis , citing data from S&P Global showing as much as a 34% increase in homeowner’s insurance premiums nationwide over a period of seven years.

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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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FHA loan Mortgages Equity Loans 418

Housing Wire

JANUARY 8, 2025

While California law does not require homeowners to have fire insurance, most mortgage lenders do. As wildfires tear through Southern California and firefighters battle winds up to 100 mph, tens of thousands of residents have evacuated. The looming impacts on real estate and insurance are also at the forefront of Californians minds.

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Housing Wire

JANUARY 28, 2025

Two groups of homeowners a service transfer population and a property preservation population are eligible for relief under the settlement. According to the lawsuit, these loans became 30 days delinquent within 90 days of the transfer, eventually causing several foreclosures among homeowners. Cooper to provide $5.8

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Inspection Loans Mortgages As-is 432

Housing Wire

FEBRUARY 5, 2025

Additionally, a staggering 10 million plus homeowners struggled with mortgage delinquencies. For many, losing their homes meant transitioning into the rental market, further contributing to this shift from homeowner to renter. This leaves a lot of homeowners in place. From Census : The homeownership rate of 65.7 in Q2 of 2016.

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Loans Mortgages Marketing As-is 422

Housing Wire

JUNE 7, 2024

homeowner with a mortgage added $28,000 in equity during the year ending in March 2024 — the highest year-over-year increase since late 2022. Importantly, higher prices have also lifted some 190,000 homeowners out of negative equity , leaving only about 1.8% The average U.S. of those with mortgages underwater.”

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Equity Residential Mortgages Closing 518

Housing Wire

JANUARY 15, 2025

Rising personal home insurance rates, fueled by escalating claims costs, increasing property values and the growing frequency of natural disasters, will all have a profound impact on market dynamics and homeowners insurance costs. For real estate professionals and mortgage lenders, these shifts present both challenges and opportunities.

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Housing Wire

OCTOBER 15, 2024

About a year ago, I started noticing a parallel between the housing market and the labor market. Unemployment in the country is very low. Everyone has a job. The conventional wisdom for almost three years has been that job market must weaken, unemployment must be rising. But for three years, unemployment has stayed low. No one wants to move.

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Sales Mortgages Marketing As-is 505

Housing Wire

JANUARY 16, 2025

The Federal Communications Commission (FCC) this week warned consumers in all 50 states that fraudsters are posing as mortgage lenders by calling homeowners and asking them to pony up on payments. “The callers persuade the homeowner that they need to pay in a manner different than their usual mortgage payment method.

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Mortgages Lending As-is Agents 366

Housing Wire

NOVEMBER 20, 2024

However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. HW: What do you see as the biggest opportunities for mortgage professionals in leveraging home equity products, especially as senior homeowners become such a large and growing demographic?

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Equity Finance Marketing Lending 367

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 441

Housing Wire

OCTOBER 31, 2024

Unlike other home equity loans, HomeSafe Second allows eligible homeowners to access up to $1 million, depending on their home’s value and outstanding mortgages, without the need to make monthly payments,” the company said. The product also has a minimum age requirement of 55.

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Mortgages Equity Loan Officer Loans 426

Housing Wire

MARCH 3, 2025

While its no surprise that insurance costs are rising, were beginning to see emerging trends in terms of how homeowners are responding to the higher cost environment, Andy Walden , ICE’s head of mortgage and housing market research, said in the report. of homeowners in the Eaton fire perimeter and 3.2% This includes 3.5%

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Housing Wire

NOVEMBER 5, 2024

The surge in renter households is outpacing the growth of homeowners in the U.S., increase in homeowner households, which now total 86.9 as there are now a record 45.6 million renters. That was up 2.7% year over year, according to a new Redfin report. That was up 2.7% year over year, according to a new Redfin report. Notably, the 2.7%

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Construction As-is Finance Marketing 412

Housing Wire

JANUARY 13, 2025

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are aiming to remind homeowners and renters impacted by the ongoing wildfires in Los Angeles of various relief options. Once out of harms way, we encourage homeowners in these affected areas to contact their mortgage servicer to learn about relief options.

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Mortgages Development Loans Design 397

Housing Wire

MARCH 4, 2025

In an environment of high home prices and elevated mortgage rates , older homeowners taking a closer look at less expensive areas to make their money go further is not an isolated phenomenon. But the potential value for older homeowners is not strictly monetary, the article said. This is Mayberry.

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Housing Wire

OCTOBER 28, 2024

Remaining diligent to identify opportunities Affordability challenges spurred by rising home prices and stubborn interest rates are impacting both prospective borrower and homeowner behavior. As a result, many potential buyers, along with current homeowners looking to refinance, are sitting tight in the hopes that rates will eventually drop.

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Loan Officer Pre-approval Technology Loans 431

Housing Wire

FEBRUARY 4, 2025

Homeowners in California with an insurance policy from State Farm could see a 22% rate hike. In May 2023 , State Farm announced it was no longer accepting applications for new homeowners insurance policies in California. If approved, the new rates would go into effect May 1.

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Commercial As-is Marketing 419

Housing Wire

OCTOBER 18, 2024

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Calque launched in 2021 to provide lenders with solutions that simplify the home purchasing process for prospective homeowners. Calque also offers buyers a guaranteed offer on their current home to reduce risk. “It

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Purchase and sale agreement Mortgages Equity Finance 447

Housing Wire

JANUARY 27, 2025

At the time the contract is settled, the homeowner must pay a lump sum back to the provider, an amount that is also partially based on the homes value. The report also said that such contracts tout loose underwriting requirements, enabling them to reach homeowners with low credit scores or little to no income.

Equity 365

Equity Mortgages Loans Residential 365

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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Equity Technology Brokerage Mortgages 365

Housing Wire

JANUARY 9, 2025

Marguleas said that renters are facing as many issues as homeowners are. Marguleas said that renters are facing as many issues as homeowners are. Michael Nourmand, president of Beverly Hills-based Nourmand & Associates Realtors , said in an interview Wednesday with HousingWire that safety is the top priority.

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Marketing Lending Land Residential 498

Housing Wire

FEBRUARY 24, 2025

People often ask, How can it be possible that home prices are still climbing even though the cost of money is so much higher? There are obviously fewer buyers who can afford these prices. One reason that home prices have stayed elevated is that inventory nationally is still restricted. Ive called this a compression in home prices. This year its 2%.

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Sales Mortgages As-is Marketing 477

Housing Wire

JANUARY 27, 2025

Elevated materials, labor and borrowing costs , along with lingering economic uncertainty, continue to constrain large-scale remodeling projects, with cautious homeowners focusing on essential repairs and targeted upgrades rather than large discretionary remodels, the report said. Members of the U.S.

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Industrial Renovation Design As-is 371

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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Finance Technology Loans Brokerage 395

Housing Wire

JANUARY 22, 2025

Home renovation projects could bring a variety of safety and efficiency improvements to older construction, but anxiety is a key element keeping many homeowners from exploring renovation projects. The study surveyed 2,500 homeowners across four generations: Gen Z , millennials , Gen X and baby boomers , all equally represented in the results.

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Renovation Equity Construction Loans 363

Housing Wire

JANUARY 27, 2025

Interest rates have risen from their record lows, housing inventory is tight and more homeowners are staying in their current properties, which means it is more important than ever for servicers to retain the customers they have. In fact, ICEs Mortgage Monitor data found that as of November 2024, the average U.S.

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Equity Technology Loans Mortgages 358

Housing Wire

MARCH 12, 2025

The meeting focused on the implications for Black homeowners and agents. Kalin also recommended that agents help their clients consider the time and cost of rebuilding , homeowners insurance proceeds, temporary housing expenses, and the benefits of selling for cash value versus rebuilding.

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