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

MARCH 4, 2025

And while it seems that this is a tactic for elders to avoid high costs, high crime and over development, those who keep an eye on who moves where in America say it has been happening off and on for decades. But the potential value for older homeowners is not strictly monetary, the article said.

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Housing Wire

MARCH 20, 2025

Lessons from California wildfires and other natural disasters Californias wildfires highlighted the chaos that natural disasters continue to unleash not just on homeowners, but also on the mortgage servicers tasked with supporting them and the insurance industry that covers the cost of rebuilding.

Mortgages 351

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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

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 397

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Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” To get a better idea of the potential impact that HMBS 2.0

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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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Housing Wire

FEBRUARY 19, 2024

Rapid home price appreciation can sometimes help slow the rate of lost equity as it did in 2021, when distressed homeowners lost an average of $377 a month. Accelerating home price appreciation can even sometimes help reverse the trend completely as it did in 2023, when distressed homeowners gained an average of $255 a month in equity.

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Housing Wire

APRIL 10, 2025

Millions of homeowners are locked into 23% mortgage rates and simply wont sell, creating a chain reaction thats grinding the entire system to a halt. policymakers scramble for answers, countries abroad have already developed and deployed practical solutions. Unsurprisingly, homeowners arent budging. And while U.S.

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Housing Wire

MARCH 8, 2024

Consumer attitudes toward home-selling conditions increased markedly in February, with current homeowners, in particular, expressing greater optimism that it’s a ‘good time to sell,’ a development that may foreshadow an upcoming increase in existing home listings.”

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Housing Wire

OCTOBER 17, 2023

Selling pre-foreclosure is often the best option for distressed homeowners who don’t qualify for any loss mitigation programs, but those homeowners are understandably hesitant to choose that option and often end up choosing it when time is running out. One of those sources of pain is a “looming foreclosure.”

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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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Housing Wire

OCTOBER 24, 2024

Valon intends to use the fresh capital to boost product development and expand its reach to new markets. Looking ahead, Valon plans to further diversify its offerings with new ventures in homeowners insurance and tax appeals, reflecting an ongoing commitment to growth and innovation. The firm is currently valued at $1.1

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Housing Wire

MARCH 26, 2024

The home equity prison Does this scenario sound familiar compared to the situations of the homeowners that you are encountering lately in your real estate business? If any of this resonates with your personal experience in the current market, you have officially entered the realm of interacting with homeowners in the post-pandemic economy.

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Housing Wire

APRIL 8, 2025

Department of Housing and Urban Development (HUD) rules still require such signatures on certain documents, the company explained. Older homeowners are embracing technology, and were committed to providing them with the same digital advancements available to forward mortgage borrowers.

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Housing Wire

APRIL 3, 2025

The company which formally announced the arrangement on Thursday includes business and brand strategy, creative development and industry thought leadership initiatives, according to the announcement.

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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

JANUARY 9, 2025

Marguleas said that renters are facing as many issues as homeowners are. Those are a couple of strategies that we’ve seen in other developments, she said. Obviously, there will be anti-gouging measures in place to prevent anything nefarious from going on, but the prices still are what they are.

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Housing Wire

APRIL 2, 2025

Milligan will focus on the wider deployment and development of SecureEquity , the proprietary reverse mortgage product announced by the company on Tuesday. The borrower must remain in the home as their primary residence and continue paying property taxes, homeowners insurance, HOA fees and maintenance costs to keep the loan in good standing.

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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

FEBRUARY 4, 2025

To start the conversation, Divounguy dives into the past two years of economic developments and how they impact today’s housing market. He also pointed to low mortgage rates as another positive for homeowners. Then you get a big increase in the number of existing homeowners choosing to sell their homes.

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Housing Wire

APRIL 3, 2025

The Federal Housing Administration (FHA) on Tuesday issued a waiver on quality control (QC) reviews for some newly distressed mortgages in Southern California as homeowners continue to grapple with the effects of the January 2025 wildfires.

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Mortgages Development Closing Loans 269

Housing Wire

APRIL 7, 2025

But I became the first homeowner in my family. Weve beaten the odds before, and the desire to become a homeowner is stronger than the barriers placed before us, she said. From tenant to owner, 37 years in the making. That same firm also sold her the first home she ever owned, at just 18 years old. Our community is resilient.

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Housing Wire

MARCH 18, 2025

Insurance brokerage platform VIU by HUB has partnered with mortgage servicing company Valon to provide homeowners with streamlined insurance options amid rising costs. The collaboration aims to simplify policy management and renewals while helping homeowners secure appropriate coverage, company leaders said.

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Housing Wire

FEBRUARY 26, 2025

Department of Housing and Urban Development (HUD). While the Australian government offers a product called the Home Equity Access Scheme, it has far different governing requirements and is typically seen as an option for an older homeowner who might have more modest needs. ” Partnership possibility?

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Mortgages Banks Equity Development 335

Housing Wire

FEBRUARY 26, 2025

Exploring benefits through a homeowner-centric lens Traditional SEO might focus on keyword optimization with repetitive terms like “owning an Eichler” and “Eichler homes.” Rather than listing features, effective content should explain benefits through the lens of homeowner needs.

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Housing Wire

JANUARY 27, 2025

To do so, develop strategies and programs that cater to buyers and sellers at every stage. For homeowners , stay top-of-mind by providing ongoing valuelike market insights or renovation adviceso they return when its time to sell. Stuart Sim is the Head of Industry Development & Brand Ambassador for Lofty.

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Technology Renovation Agents Industrial 397

Housing Wire

MARCH 20, 2025

Department of Housing and Urban Development (HUD). Additionally, homes in Black communities are undervalued by an estimated 21% to 23%, translating to $162 billion in lost equity for Black homeowners. Garber added that the most pressing concern for appraisers remains the resolution of fair housing claims by the U.S.

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Equity Residential Development Design 243

Housing Wire

MARCH 14, 2025

Despite a drop in overall profitability in the fourth quarter of 2024, FOA, one of the nations leading reverse mortgage lenders, remains optimistic about the total addressable market for home equity-based retirement products and will continue to develop its offerings in 2025.

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Housing Wire

JANUARY 30, 2025

This was some of the perspective shared by Matt Cook, the director of business development at HomeTeam Inspection Service , who shared with HousingWire ‘s Reverse Mortgage Daily (RMD) how the growing number of older homeowners is impacting what he sees on a daily basis.

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Housing Wire

MARCH 26, 2025

Expanding choice means that NAR is still not letting homeowners choose precisely how to market their homes, but this is a small step in the right direction. Zillow, eXp, BHHS, RE/MAX respond Zillow , who has been a vocal supporter of CCP, shared a similar take.

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Industrial MLS Brokerage Seller disclosure 369

Housing Wire

MARCH 4, 2025

The wildfires ravaged over 16,000 structures in total, which left homeowners to grapple with the choice to either rebuild with insurance money or sell. Communities are also encouraging their neighbors not to sell to developers. Developers will come in and think they can make money.

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Housing Wire

FEBRUARY 27, 2025

For homeowners who purchased their property during COVID when mortgage rates were near 3%, the word “comfortable” may come to mind. Acra Lending will only continue to evolve as its internal team manages a significant share of the companys technology development efforts in the future.

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Lending Technology Loans Mortgages 312

Housing Wire

NOVEMBER 5, 2024

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. “The Department of Veterans Affairs (VA) space.

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Housing Wire

FEBRUARY 11, 2025

The Oregon state senates Committee on Housing Development held a hearing last week on a piece of proposed legislation that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property. Which will bring tremendous harm towards senior homeowners.

Mortgages 335

Mortgages Equity Industrial Loans 335

Housing Wire

OCTOBER 15, 2024

Collins asks Schwartz to share how he balanced working with real estate agents and other referral partners by leveraging AI to develop the “ Costco loan origination method.“ He also notes that many homeowners struggle to save for a down payment , a phenomenon he calls “the Pinterest effect.“ “We

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