Housing Wire

APRIL 26, 2023

On March 29, the Federal Housing Finance Agency (FHFA) announced Fannie Mae and Freddie Mac would enhance their COVID-19 pandemic-era deferral policies which allowed homeowners experiencing hardship to defer up to six months of mortgage payments to be settled at the end of the loan.

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Housing Wire

SEPTEMBER 5, 2023

Porch Group announced that its insurance subsidiary Homeowners of America (HOA) has been placed under temporary supervision by Texas regulators. said the development could raise concerns around the reciprocal exchange timeline, which Porch previously said it expected to complete later this year. “We according to Porch.

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Housing Wire

JUNE 10, 2024

metro areas that are embracing new development and “creating a more diverse and plentiful supply of homes.“ The report delves into the “Yes in My Backyard“ (YIMBY) movement , which involves numerous strategies to improve housing supply and lower the cost of living for homeowners and renters alike. Washington, D.C.,

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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 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. Some smart lenders, especially among credit unions, have developed some great products for ADU financing.

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Housing Wire

OCTOBER 21, 2024

Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. The document states that the plaintiffs undervalued a homeowner’s property based on her race in an appraisal made in 2021 in Denver. ” On Monday, the U.S.

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Housing Wire

FEBRUARY 26, 2024

The cost of owning a condominium in Florida has shot up significantly in recent months, prompting a wave of homeowners to offload their properties. The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters.

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Housing Wire

JUNE 7, 2024

This system worked remarkably well until fraudsters developed technology to defeat the notarial process. Despite this grim outlook, there is a title insurance product that offers homeowners immediate peace of mind. Many homeowners who bought their policies after 1997 may already have this policy without realizing its full benefits.

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Housing Wire

APRIL 26, 2024

Department of Housing and Urban Development (HUD) and the U.S. A preliminary determination was published by HUD and USDA in May 2023, based on energy-efficiency standards developed by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) and the International Energy Conservation Code (IECC).

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Housing Wire

FEBRUARY 28, 2024

With its newest influx of capital, EasyKnock aims to advance the development of its platform by honing its suite of products. We’re proud to have Northwestern Mutual on board, as this round will enable us to turbocharge our product development and expand the ways we support our customers in the very near future.”

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Housing Wire

JUNE 3, 2024

Local officials throughout the state have created limitations on height, square footage, architectural style and landscaping, making it more difficult for homeowners to comply and turn a profit, according to the Journal. California cities reported 194 lot-split applications in 2022 and 321 last year.

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Land Development Design Mortgages 482

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. Mortgage insurance exists as protection from foreclosure on low equity loans. In November, the U.S.

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Housing Wire

MAY 13, 2024

HomePace, founded in 2020, specializes in helping homeowners access their equity through home equity agreements. Homeowners can receive up to $250,000 in upfront cash in exchange for a share of their home’s future value when they sell it. EasyKnock aims to address this gap and facilitate the release of equity for homeowners.

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Equity Purchase and sale agreement Residential Investor 470

Housing Wire

OCTOBER 27, 2023

Even though title insurance is a one-time fee, it provides lifelong protection, and many homeowners form long-term partnerships with their title and settlement companies. ALTA has developed several multilingual documents to help educate potential homeowners whose primary language is not English.

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Housing Wire

JUNE 26, 2024

Not surprisingly, the state also has the highest average cost for homeowners insurance , and that cost is rising. That’s a lot of opportunity for property damage, and one reason homeowners insurance in Florida has gotten out of control. Homeowners might say — oh no, now I’ve got another bill,” Rogers said.

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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

JULY 17, 2024

Department of Housing and Urban Development (HUD) on Wednesday proposed a new rule that would implement a permanent program to sell seriously delinquent single-family mortgages insured by the Federal Housing Administration (FHA).

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Housing Wire

MARCH 14, 2024

Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. ” This is a developing story.

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Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

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Technology Title Development Lending 476

Housing Wire

MAY 20, 2024

Second, homeowners have been reluctant to sell their houses due to mortgage rates, which have reached a two-decade high point. The slight decline in the share of newly built homes from its 2022 peak can be attributed to an increase in total inventory, as more homeowners are listing their existing homes. Census Bureau and the U.S.

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Housing Wire

DECEMBER 5, 2024

Department of Housing and Urban Development (HUD), alleging the agency is “unfairly” holding the company accountable for the actions of an independent appraiser in a 2021 case. Both lawsuits stem from a case in January 2021, when the homeowner applied for a refinance through Rocket. Rocket Mortgage , the third-largest U.S.

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Lending Loans Mortgages Development 396

Housing Wire

AUGUST 13, 2024

Imagine that the local government where you live is invoking eminent domain rights concerning your dear home to build a road or park or let a private developer do as they will (Kelo v. ” Sadly, for some today (like these homeowners in Mississippi , Georgia , Georgia (again!), New London in 2005).

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Development Staging Equity Land 467

Housing Wire

JULY 16, 2024

Diane Yentel, president and CEO of the National Low Income Housing Coalition (NLIHC), released a statement that applauded the proposal as “historic” while also making a call to enact elements of the organization’s National Tenants Bill of Rights, which it developed in conjunction with other affordable housing advocacy organizations.

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New Construction Construction Land Development 488

Housing Wire

MAY 15, 2024

As of now, the agency’s proposal calls for keeping the CES loans in portfolio for six to nine months until it can develop a system for issuing second-mortgage guaranteed securities against the loans, which would carry 20-year fixed-rate terms. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

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Equity Loans Investor Mortgages 492

Housing Wire

OCTOBER 12, 2023

Through a membership system, his startup Honey Homes provides its clients, the homeowners, with the services of a dedicated, salaried handyman. One of the goals of the company, Prabhakara told HousingWire, is to build a partnership between a homeowner and a handyperson based on “consistency and trust.”

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Housing Wire

MARCH 25, 2024

The report gathers data from market leaders across 13 countries globally with established or developing equity release markets, and [analyzes] growth potential,” the association said in a statement. The 13 countries span Europe , North America and Australia , and are considered to be amongst the largest equity release markets in the world.”

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Equity Marketing Finance Mortgages 468

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.”

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Mortgages Equity Loans Closing 448

Housing Wire

JULY 12, 2024

“The home equity cushion is being creatively utilized by mortgage servicers and policymakers to help distressed homeowners avoid foreclosure,” Elan Chambers, Auction.com’s senior vice president of strategic partnerships and business development, said in the report.

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Equity Loans Commercial Mortgages 488

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

MAY 14, 2024

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem.

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Housing Wire

SEPTEMBER 30, 2024

Slightly more than half of Americans say that weather events are becoming an increasing risk factor for their homes, while nearly one in five report difficulties in accessing homeowners insurance. This is according to results of a survey conducted by NeighborWorks America , a congressionally chartered community development organization.

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Development Finance Marketing 476

Housing Wire

JUNE 18, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a series of enforcement actions against two companies for what the bureau called “illegal activities that harmed older homeowners and caused them to fear losing their homes.” Department of Housing and Urban Development (HUD).

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Loans Short sale Mortgages Equity 448

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

SEPTEMBER 11, 2024

of homeowners have a mortgage with a rate below 5%, according to a recent Redfin analysis. It is a positive development that there are homeowners who can benefit from a refinance as rates continue to move lower,” Kan said. But the refi market isn’t expected to get much bigger as 76.1%

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Loans Mortgages Residential Development 476

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?

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Title Loans Mortgages Industrial 468

Housing Wire

NOVEMBER 26, 2024

Department of Housing and Urban Development (HUD) shows new-home sales in October clocking in at a seasonally adjusted annual rate of 610,000 — a 17.3% After a year of strong results, sales of newly built homes took a major step back last month. Data released Tuesday by the U.S. Census Bureau and the U.S. decline year over year.

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Sales MLS Mortgages Development 448

Housing Wire

APRIL 28, 2023

The announcement comes a year after Bloomberg reported that only 47% of Black homeowners who completed a refinance application with Wells Fargo in 2020 were approved, compared with 72% of white homeowners. The partnership represents Wells Fargo’s largest minority home lending and development initiative to date.

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