Remove homeowner
article thumbnail

The risk of zero-down loans while the Fed talks recession

Housing Wire

The entire system has to be designed to inflate the price over time. When mortgage rates fall, the majority of homebuyers (including homeowners who need to sell to buy another home) are mostly employed, so lower rates greatly benefit them, and housing demand increases. Remember, the system is designed to keep home prices inflated.

Loans 544
article thumbnail

Right-to-list agreements now banned in 30 states

Housing Wire

Most notably marketed by MV Realty under the moniker of its Homeowner Benefit Program , homeowners who sign a right-to-list agreement receive anywhere from $300 to $5,000. If the homeowner breaks the agreement or decides to terminate the agreement early, the homeowner must pay 6% of the appraised value of the home.

Title 390
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lower mortgage rates fueling existing home sales

Housing Wire

Because housing data and all economics are so violent lately, we created the weekly Housing Market Tracker , which is designed to look forward, not backward. The 2005 bankruptcy reform laws and 2010 QM laws changed the landscape for housing economics in a way that even today I don’t believe people understand. million in February.

Sales 511
article thumbnail

Smart Budgeting Tips for Homeowners on the Brink of Bankruptcy

Realty Biz

But in today’s unpredictable economy, it’s easy even for homeowners to find themselves on the brink of bankruptcy. According to the most recent numbers, bankruptcies rose 10% last year. Being on the brink of bankruptcy isn’t the same thing as actually being bankrupt — not even close. But don’t lose hope.

article thumbnail

Here’s how to find property owners ready to sell

Housing Wire

PropStream is an online solution designed to help users comb through a multi-sourced property database to paint a holistic picture of what is going on with a property and its owner. For example, it shows whether the owner has ever filed for bankruptcy or if they’re facing foreclosure.

article thumbnail

Adapting to change: Innovation and transformation in loss mitigation

Housing Wire

Remedies for distressed borrowers previously limited to bankruptcy relief have seen significant expansion through the creation of FHFA , Dodd-Frank, and the CFPB. The upcoming generation of homeowners prefers a paperless process. We are seeing tremendous transformation within the loss mitigation space.

article thumbnail

Many Black Homeowners Are Falling Further Behind on Their Mortgages

Realtor.com

AAron Ontiveroz for The Wall Street Journal Black homeowners are having a harder time catching up on missed mortgage payments than other borrowers, new federal research shows. The rate for Hispanic homeowners hovered around 8.4%. Almost one in 10 homeowners signed up for forbearance at the height of the program’s use last June.