Housing Wire

JUNE 12, 2023

The goal of Zada Home AI Assistant is to assist with the challenges homeowners face when trying to finding answers on remodeling projects, product comparisons, and maintenance and repair inquiries by offering a secure platform that allows users to engage in interactive, two-way conversations.

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Housing Wire

MAY 18, 2022

With the cost of living on the rise, many older homeowners are looking for financial solutions that allow them to age in place. This means that the homeowner (or their heirs) won’t owe more than the home is worth when the loan is repaid. Consult a tax professional. †

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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

JUNE 13, 2022

Aside from being the right thing to do, helping borrowers become homeowners with homebuyer assistance puts lenders at the nexus of a transformative financial milestone that creates loyal customers for life. The post Opinion: Are lenders dropping the ball on homeowner assistance? appeared first on HousingWire.

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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.

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Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). The prefabricated units, which span 361 square feet, are designed to reduce construction costs and minimize environmental impacts.

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Housing Wire

JULY 19, 2021

HousingWire: As borrowers come out of forbearance , what role do servicers play and what can they do to ensure homeowners understand their options including selling their home via auction? Once a homeowner decides to sell, it’s up to the servicer to ensure they fully understand each step of the home selling process. .

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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

APRIL 17, 2024

The proposed activity is intended to provide homeowners with a cost-effective alternative for accessing the equity in their homes,” Thompson said in an announcement of the proposal. This is specifically designed to benefit consumers during the high rate environment, the agency said. “In

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Housing Wire

DECEMBER 20, 2024

In a statement, Meeks said the legislation is designed to make homeownership more affordable by empowering first-time buyers and young families to get ahead by reducing monthly payments and encouraging faster equity accumulation. Sessions added that the bill takes a practical approach to deliver meaningful relief to homeowners.

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Housing Wire

JUNE 3, 2024

SB 9 was designed to inject supply into what is arguably America’s most challenging housing market , but that has yet to happen. BuildCasa told the Journal that it has signed contracts with 87 homeowners in California, with 12 projects and a total of 24 units approved.

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Housing Wire

NOVEMBER 14, 2023

Sagent CARE Sagent’s CARE platform is state of the art technology that provides homeowners with the ability to self-serve their mortgages anytime, anywhere. Homeowners can manage payments and escrows, go paperless, find savings opportunities and remain engaged with their servicers. Get More Info

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Housing Wire

MARCH 22, 2021

Although many homeowners and renters continue to feel the economic pressure of the pandemic , they’re growing more confident that they can pay their rent or mortgage, according to the latest consumer confidence survey by Freddie Mac. By February of this year, those numbers dropped to 19% of homeowners and 28% of renters.

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Mortgages Equity Finance Industrial 545

Housing Wire

SEPTEMBER 27, 2023

Government-sponsored enterprise (GSE) Fannie Mae announced on Wednesday that it will launch new programs and resources designed to tackle the homeownership gap experienced by the Latino community , designed to “to provide responsible access to housing and long-term sustainable homeownership opportunities.”

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Housing Wire

DECEMBER 9, 2020

Real estate technology company Knock has announced the launch of Knock Nest, a standalone sale-leaseback solution that allows homeowners to access the cash they’ve built up in their home while continuing to live in it.

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Housing Wire

OCTOBER 10, 2024

The Renovation Sells platform focuses on design and construction, while the loans come from HouseAmp. For its part, Renovation Sells provides a cost estimate within 48 hours of touring a seller’s home, then provides design services and local contractors to complete the work.

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Housing Wire

FEBRUARY 8, 2024

But I also joined because it was clear they were on the right path to fundamentally change the dynamics of America’s housing ecosystem to deliver positive homeowner outcomes. But what does that mean for servicers and the homeowners they serve? Servicers and originators need top-notch experience to effectively serve consumers.

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Housing Wire

NOVEMBER 25, 2024

Meanwhile, the EHFPs “contain strategies to ensure homeowners and renters in all communities have affordable and sustainable housing opportunities,” the agency explained. Specific to the DTS plans, FHFA claims that they “expand liquidity to serve nearly 690,000 renter households and over 90,000 homeowner households.

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Housing Wire

JANUARY 18, 2023

Today’s housing market has many looking for ways to cash in their equity, especially older homeowners. HousingWire recently spoke with Adrian Prieto, SVP of wholesale and third-party relationships at Longbridge Financial, about the advantages of HECMs and how they better serve homeowners aged 62 and older. trillion in home equity.

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Housing Wire

DECEMBER 6, 2023

Government-sponsored enterprise (GSE) Freddie Mac on Wednesday announced further enhancements to its Condo Project Advisor tool that are designed to “streamline” such loan originations and to offer lenders “greater security” through a new designation, according to an announcement.

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Housing Wire

MAY 22, 2024

This is according to a story published this month by the The Associated Press , which examines steps that some older homeowners are taking to ensure they can remain in their homes, as opposed to relocating to a dedicated care facility or another living arrangement.

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Housing Wire

APRIL 29, 2024

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A The CFPB issued guidance in 2020 warning about ways that bad actors may mention reverse mortgages when targeting older homeowners. “AG

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Housing Wire

SEPTEMBER 8, 2022

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.

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Loans Banks Equity Bankruptcy 544

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. These will help on the margin, but we still need smart lenders to help create even more robust financing options for ADUs.

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Finance Construction Loans Renovation 501

Housing Wire

JANUARY 3, 2024

A reverse mortgage can certainly play into this, but another growing dynamic is the divide between higher- and lower-income homeowners. As the gap between high- and low-income homeowners widens, the equity they’ve built up in their homes could make a difference in the equation. According to data from the U.S.

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Equity Mortgages Development Design 459

Housing Wire

JULY 7, 2023

The Homeowners Assistance Fund (HAF) — a program designed to offer financial help to homeowners impacted by the COVID-19 pandemic — has kept more than 300,000 homeowners in their homes by curing defaults and keeping them out of foreclosure , according to data released this week by the U.S. Department of the Treasury. “As

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Design Equity Mortgages As-is 370

Housing Wire

OCTOBER 18, 2024

With higher rates, lower transaction volumes usually plague the industry, translating to fewer appraisals as homeowners hunker down with their lower rates. Jaro uses AI-drive QC tools and advanced automation tools are designed to guide lenders regardless of where they are in the appraisal process. Jaro is ahead of Fannie and Freddie.

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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.

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Purchase and sale agreement Mortgages Equity Finance 448

Housing Wire

MAY 15, 2024

Most of these communities have amenities designed to foster connection. For example, in some master-planned communities for 55+ homeowners, amenities include golf courses, parks and recreation trails, tennis courts, pools, restaurants, grocery stores, shopping centers, medical facilities, mini theaters, and more.

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New Construction Design Construction Marketing 467

Housing Wire

JANUARY 5, 2022

No homeowner with an FHA-insured mortgage who is struggling financially because of the pandemic should be unnecessarily hindered by their mortgage servicer from receiving the assistance for which they are eligible.”. In a statement, Racine called the mortgage servicers’ misdeeds “illegal, unacceptable, and dangerous.”

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Housing Wire

SEPTEMBER 26, 2024

It’s designed to protect homeowners from declining home values. To claim the payout, a homeowner would first need to sell the house. Multiple listing services (MLSs) have a wealth of data, and one technology company thinks it has found an innovative way to use it. They must add the coverage within 30 days of buying the house.

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MLS Technology Design Closing 434

Housing Wire

JUNE 20, 2024

NFM loan officers will be automatically notified when a homeowner can tap into the equity of their current home to buy a new one before selling. The product is designed to make buyer offers more attractive to sellers by removing contingencies. They become more competitive buyers and can flip the process to move on their own terms.”

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Housing Wire

APRIL 18, 2024

These include oversight of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac , mortgage purchases designed to improve affordability for low-income homeowners, vendor partnerships and investments in the Low-Income Housing Tax Credit (LIHTC) program. The GSEs also “invested over $1.7

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Housing Wire

FEBRUARY 13, 2024

The state of California has extended the eligibility rules for its mortgage relief program, funded by the Homeowner Assistance Fund (HAF) allocation in the American Rescue Plan Act of 2021. homeowners by curing defaults and keeping them in their homes, but it also committed to increasing the program’s reach. In July 2023, the U.S.

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Mortgages Equity Industrial Design 427

Housing Wire

DECEMBER 16, 2024

Homeowners have generally done well over the last few years in accumulating home equity wealth. Adding homeowners without a mortgage, who own their home free and clear, total households equity amounts to over $35 trillion. Aggregated across borrowers with a mortgage, home equity adds up to almost $17.5 housing value.

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Housing Wire

JULY 26, 2024

The letter, first reported by local Connecticut outlet CT Insider , describes the lag in investigations related to such complaints that impact prospective homeowners and renters both within the state and nationwide, Blumenthal said. Simply, justice delayed is justice denied.

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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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