Housing Wire

NOVEMBER 19, 2024

Rogers met with HousingWire to discuss his new role and cover a variety of topics, including artificial intelligence (AI), climate risk and land development. Ninety-five percent of all flood insurance is from the NFIP, which is good for you and I as homeowners. NP: You work directly with land developers too.

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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

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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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. Department of Housing and Urban Development (HUD). The phone number is 855-HERE2HELP (855-437-3243).

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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

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. Most people didnt notice this growing lock-in effect as it was developing in the mid 2010s, but it was well under way. The opposite is true too: As mortgages get more expensive , more homeowners want to sell their homes.

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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

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

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

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

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

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

JANUARY 8, 2025

I’m calling developers asking about vacancies to see if we can figure out some short-term rentals to house people,” he said. While California law does not require homeowners to have fire insurance, most mortgage lenders do. . “We’ve got clients calling us frantically looking for leases.

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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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FHA loan Mortgages Equity Loans 418

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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Construction Closing costs Renovation Title 535

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 460

Housing Wire

JANUARY 17, 2025

Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of bilking elderly homeowners in a reverse mortgage and home repair scheme, was sentenced to 17 years in federal prison by the U.S. District Court for the Northern District of Illinois. million in restitution. Morris Pasqual, acting U.S.

Mortgages 370

Mortgages Title Development Loans 370

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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FHA loan Mortgages Loans Development 497

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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Sales Mortgages Loans Development 454

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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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

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

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 464

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

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 491

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

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

JANUARY 7, 2025

The GSEs figure of $17 trillion held by homeowners born in or before 1964 is a higher estimate than that of the National Reverse Mortgage Lenders Association (NRMLA) and RiskSpan , which most recently pegged the total home equity held by homeowners 62 and older at $14 trillion at the end of Q2 2024.

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Equity Closing costs Finance Technology 374

Housing Wire

JANUARY 5, 2022

A spokesperson for the Department of Housing and Urban Development said the agency takes the concerns raised in the letter very seriously. FHA’s loan modification plan was envisioned to especially help low-income households, first-time homeowners, and households of color that have been disproportionately impacted by the pandemic.

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Mortgages Loans Principal Development 493