Housing Wire

MAY 30, 2024

Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. In November 2023, Redwood Trust partnered with Point to close on a $139 million bond secured by 1,577 home equity investment contracts.

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Closing Equity Investor Finance 446

Housing Wire

OCTOBER 25, 2023

A brewing crisis is emerging around homeowners insurance and thus far the finance and insurance community has not offered any viable solutions. Homeowners in affected markets have experienced increases in premiums that threaten their financial soundness or are finding cancellation notices in their mailboxes.

Finance 457

Finance Investor Mortgages As-is 457

Housing Wire

FEBRUARY 28, 2024

Like theEasyKnock team, our distinguished group of investors recognize the critical need for countless American homeowners to improve their financial well-being.

Closing 458

Closing Equity Investor Development 458

Housing Wire

OCTOBER 19, 2023

In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. At closing, my client will get $10,000 of cash up-front. You’re probably thinking, “Uh, why on earth would she do that?”

Mortgages 497

Mortgages FHA loan Equity Loans 497

Housing Wire

NOVEMBER 22, 2023

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. When asked why it takes an average of six to seven weeks to get to closing, there are a lot of complex (and honest) answers. There’s an entire industry built upon the “What’s next?”

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Closing Title Technology Property Management 459

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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Residential Development As-is Closing 370

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.

Design 482

Design Mortgages Lending As-is 482

Housing Wire

JUNE 21, 2022

In a refinancing, homeowners obtain a new loan and lenders require a new title search and a title insurance policy on that loan to protect their investment. And because the home’s ownership remains unchanged, a homeowners’ title insurance “Owner’s Policy” is valid through refinance. Why is a title search necessary for refinancing?

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Title Title search Due diligence Land 518

Housing Wire

JANUARY 15, 2025

As high home prices continue to impact the market, many homeowners are deciding to stay put in their homes. Emmy Award-winning home improvement platform This Old House conducted a survey of 2,000 homeowners on their renovation plans for 2025. This Old House reported that 48% of homeowners planned to make renovations in 2025.

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Renovation MLS Finance Closing 416

Housing Wire

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. Not coincidentally, inventory hit record lows none of those homeowners wanted to sell.This has long-term consequences. The opposite is true too: As mortgages get more expensive , more homeowners want to sell their homes.

Mortgages 488

Mortgages Finance Loans Equity 488

Housing Wire

MAY 15, 2024

Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 491

Equity Loans Investor Mortgages 491

Housing Wire

MAY 23, 2024

Freddie Mac ’s head of single-family acquisitions, Sonu Mittal , this week defended the government-sponsored enterprise’s proposal to acquire single-family, closed-end second mortgages amid opposition by trade groups that are worried about its impacts on the secondary market. “Six It may make sense for some homeowners.

Equity 458

Equity Closing Mortgages Lending 458

Housing Wire

OCTOBER 27, 2023

Since 2015, ALTA has provided education through Home Closing 101, a consumer-focused website that provides information about the closing process, how they can protect their property rights, how to file a claim, and how to find a title company. Closing on a loan can vary from state to state, and even within the same county or city.

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Title Title search Land Closing 511

Housing Wire

OCTOBER 18, 2023

While many multigenerational families are living together under one roof, potentially leading to feelings of overcrowding, accessory dwelling units (ADUs) have emerged as a practical solution for affordable housing that allows families to stay close while maintaining some separation. Multigenerational living is not a new concept.

Construction 545

Construction Banks Closing As-is 545

Housing Wire

MARCH 7, 2024

Biden will also call for “lower homebuying and refinancing closing costs and crack down on corporate actions that rip off renters,” according to the White House announcement. The White House says that, if enacted, this would save thousands of homeowners up to $1,500 — or an average of $750. It is also wary of some of the proposals.

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Construction Closing costs Renovation Title 535

Housing Wire

AUGUST 21, 2024

For a nation already struggling with an acute shortage of housing, homes lost to wildfires will undoubtedly set back efforts to close the gap. “In Rising insurance costs have hammered homeowners in areas exposed to climate change risks, including wildfires. In 2022, Zillow estimated that the U.S. million shortage of homes.

Closing 106

Closing As-is Marketing 106

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.

Marketing 366

Marketing Commercial Mortgages Branding 366

Housing Wire

DECEMBER 8, 2024

CoreLogic’s Q3 2024 Homeowner Equity Insights report showed that the total number of mortgaged homes with negative equity rose by 3.5% Conversely, positive homeowner equity increased by $425 billion since Q3 2023. Hawaii saw the biggest decreases with an average loss of $34,000 per homeowner. from the second quarter.

Equity 396

Equity Mortgages Closing 396

Housing Wire

JANUARY 8, 2025

On Wednesday, the Office of the Comptroller of the Currency (OCC) took protective measures by issuing a proclamation that allows national banks, federal savings associations, and federal branches and agencies of foreign banks to close their offices in areas of California affected by the fires.

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Banks As-is Development Closing 415

Housing Wire

APRIL 29, 2024

The product can provide older homeowners with some financial flexibility under the right circumstances, but consumers should be aware of the product’s particulars, Nessel said. I urge all homeowners considering this kind of loan to seek professional guidance and carefully weigh their options before signing on the dotted line.”

Mortgages 448

Mortgages Equity Loans Closing 448

Housing Wire

APRIL 12, 2024

Between 2018 and 2023, homeowners insurance rates in Louisiana jumped 24.9%, according to an analysis by S&P Global. Although Sterbcow is relatively close to the coast in the New Orleans metro area, increasing his property’s risk for hurricane damage, the challenge of rising insurance costs is a statewide issue.

Debt-to-income ratio 459

Debt-to-income ratio Marketing Closing costs Agents 459

Housing Wire

MAY 15, 2024

Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 444

Equity Marketing Loans Investor 444

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

FEBRUARY 5, 2024

Freddie Mac will offer a $2,500 credit for very low-income purchase borrowers to help with down payment and closing costs amid elevated interest rates and low housing supply. The credit can be used for down payments, closing costs, escrow and mortgage insurance premiums.

Mortgages 526

Mortgages Closing costs Finance Loans 526

Housing Wire

SEPTEMBER 4, 2024

One-quarter of these lenders offered accelerated closing options, including two lenders that advertised home equity funding in as little as one week. homeowners who are sitting on increased amounts of equity have tapped into HELOCs as home prices have soared since the COVID-19 pandemic. Bank and Wells Fargo.

Equity 459

Equity Lending Banks Loans 459

Housing Wire

JANUARY 24, 2024

Additionally, the market experienced fewer refinance transactions given that the roughly 80% of homeowners with a mortgage rate of 5% or less were not interested in exchanging their low rates for a higher one. Even when refinancing, homeowners still need to purchase a new lender’s policy. What is title insurance?

Title 468

Title Loans Mortgages Industrial 468

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. Nationwide equity on mortgaged homes soared to a record $16.9 About 48 million U.S.

Equity 497

Equity Mortgages Finance Loans 497

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. So, not only do we have 40% plus of homes with no mortgage, the nested equity homeowners have now is almost unfair.

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Loans Banks Equity Bankruptcy 544

Housing Wire

JUNE 4, 2024

“The good news is that except in very rare circumstances, a fake deed won’t transfer your title, even if it initially gives the appearance of a transfer in public records, nor will a forged mortgage create any obligation for an innocent homeowner to pay.

Title 488

Title Sales Mortgages Equity 488

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 credit data for homeowners tells a different story.

Loans 521

Loans Mortgages Lending As-is 521

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.”

Equity 458

Equity Loans Debt-to-income ratio Renovation 458

Housing Wire

MARCH 13, 2024

As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents , but the rapidly rising cost of insurance premiums is changing that. An analysis by S&P Global found that homeowners insurance rates increased by an average of 11.3% and Liberty Mutual Holding Co.

Agents 482

Agents Closing As-is Marketing 482

Housing Wire

FEBRUARY 14, 2024

Jeremy Foster: The traditional home purchase process for homeowners is broken. A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. Calque provides homeowners with a Purchase Price Guarantee (i.e.,

Backup offer 448

Backup offer Loan Officer Home sale contingency Branding 448

Housing Wire

FEBRUARY 27, 2024

Ironic, isn’t it, that an industry purposed to help consumers achieve arguably the most important financial transactions of their lives has a tough time keeping them close? This requires deeper connections with homeowner borrowers and empowering LOs to own the consumer experience.

Finance 448

Finance Technology Loans Industrial 448

Housing Wire

NOVEMBER 10, 2023

Mortgage holders, on average, now have close to $200,000 of available equity in their homes, making home equity options an attractive alternative. Support digital from application to closing As the world becomes increasingly digital, expectations for a completely digital lending experience continue to grow.

Lending 473

Lending Equity Banks Loans 473

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.

Mortgages 432

Mortgages Equity Loan Officer Loans 432

Housing Wire

MARCH 3, 2024

Given record exposure to first-time homebuyer loans, it’ll be worth watching the performance of this cohort very closely moving forward, particularly for those invested in 2023 agency MBS,” said Walden. Mortgage rates have averaged close to the 7% mark as of Feb. 29 following a series of positive economic data.

Loans 514

Loans Debt-to-income ratio Lending Banks 514