Housing Wire

JANUARY 12, 2024

Despite the still-challenging rate environment, some homeowners might opt to bite the bullet and give up their low rate to move, according to a Redfin study. Nationwide, the share of homeowners with relatively low rates has fallen modestly from a record high of 92.8% homeowners with mortgages had an interest rate below 6%.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Equity Finance 493

Housing Wire

MARCH 28, 2024

Florida is reckoning with a severe homeowners insurance crisis. The recent surge in both the frequency and intensity of hurricanes that have battered the state has prompted numerous insurers and reinsurers to exit the market , leaving Florida homeowners grappling with skyrocketing premiums and limited coverage options.

Residential 505

Residential Design As-is Marketing 505

Housing Wire

MAY 10, 2021

Lending and services platform Finance of America Inc. announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Homeowners can also use it to access financing solutions through their contractor. billion in 2019.

Finance 397

Finance Renovation Loans Lending 397

Housing Wire

FEBRUARY 15, 2024

Among homeowners who have a mortgage escrow account, only 52% fully understand how the account works, according to survey results released Thursday by property tax services provider LERETA. Many will be financially challenged, and some homeowners will need help to make these payments and keep their homes,” Walsh said. The average U.S.

Fixed-rate mortgage 505

Fixed-rate mortgage Equity Mortgages Loans 505

Housing Wire

JANUARY 26, 2024

Census Bureau and Zillow identified the top metro areas in the country that contain baby boomer homeowners, identifying both the “top” and “bottom” 15 markets. of all homeowners being members of the baby boom generation. The report also took stock of statewide baby boomer homeowner populations. with 41.8% The top 5 U.S.

Marketing 467

Marketing Equity Construction Loans 467

Housing Wire

MAY 9, 2024

Despite the necessary requirement for a homeowner to maintain insurance on their property for protection against human- and naturally-occurring disasters, the impacts of climate change are creating “natural” scenarios that are increasingly not covered by insurance. it’s just not hitting the mark enough.”

Industrial 418

Industrial As-is Finance 418

Housing Wire

JANUARY 3, 2024

The rising cost of homeowners insurance is weighing more heavily on American homeowners and buyers, according to a survey published Wednesday by Mphasis Digital Risk , a technology services company serving the residential real estate lending industry. average, according to estimates from the Insurance Information Institute.

Lending 468

Lending Residential Technology Industrial 468

Housing Wire

MARCH 28, 2023

Rocket Companies has rolled out its first credit card in order to attract potential homebuyers and existing homeowners into its ecosystem amid one of the most challenging mortgage markets in decades. In turn, homebuyers can use points to get discounts on their closing costs in the future.

Closing costs 435

Closing costs Finance Principal Mortgages 435

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.

Technology 397

Technology Branding Finance Design 397

Housing Wire

OCTOBER 6, 2021

Fannie Mae currently requires first-time homebuyers purchasing a home with more than 95% financing to complete a homeownership education course. It’s also a must for first-time homebuyers using Fannie Mae’s flagship affordable finance program, HomeReady, which allows ultra-low down payments.

Finance 497

Finance Loans Mortgages Development 497

Housing Wire

MAY 3, 2021

HousingWire’s Finance Leader award recognizes outstanding performers in the finance space. Those rates resulted in record-setting volume for real estate and mortgage companies, and a whole new set of challenges for their finance leaders. The following pages honor HousingWire’s first class of housing finance heavy hitters.

Finance 418

Finance Lending Title Mortgages 418

Housing Wire

APRIL 14, 2023

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. It has enabled first-time, low- to moderate-income borrowers to secure affordable mortgage financing since 1957 while protecting taxpayers from mortgage credit risk.

Finance 370

Finance Equity Mortgages Principal 370

Housing Wire

MARCH 11, 2021

Finance of America Reverse will soon debut a hybrid product that combines elements of a reverse mortgage with a forward mortgage. The new product, called EquityAvail, funds at closing and requires that the borrower make payments for 10 years but at a reduced amount, Finance of America Reverse said this week.

Finance 418

Finance Mortgages Loans Staging 418

Housing Wire

DECEMBER 12, 2023

Homeowners are increasingly concerned with flood insurance premium hikes impacting affordability, Fannie Mae ‘s latest national flood survey showed. The latest survey is an expansion from its 2020 version and compared how homeowners’ and renters’ awareness and attitudes towards flood risk and flood insurance changed over the years.

As-is 448

As-is Design Industrial Agents 448

Housing Wire

APRIL 17, 2023

Elevated mortgage rates are continuing to give homeowners a reason to stay at their current homes, according to the 2023 Borrower Insights Survey conducted by ICE Mortgage Technology. Nearly half of current homeowners, as well as many younger homeowners, say they are planning to sell their home in the next two years.

Mortgages 390

Mortgages Equity Loans Finance 390

Housing Wire

FEBRUARY 23, 2023

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. These NTRAPS create impediments and increase the costs and complexity of financing or transferring real estate.

Title 476

Title Industrial Purchase and sale agreement Title search 476

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.

Loans 392

Loans Mortgages Investor Finance 392

Housing Wire

MARCH 26, 2024

Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions in the fourth quarter of 2023, according to a new report published by the Federal Housing Finance Agency ( FHFA ). Over the course of 2023, the government-sponsored enterprises (GSEs) completed 192,897 foreclosure prevention actions.

VA loan 487

VA loan FHA loan Short sale Loans 487

Housing Wire

NOVEMBER 8, 2021

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

Finance 393

Finance Mortgages Lending Equity 393

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

FHA loan 366

FHA loan Renovation Equity Loans 366

Housing Wire

SEPTEMBER 26, 2023

Homebuyers and homeowners in California have a reason to celebrate. Because of these rules, homeowners insurance firms can only base rates off of historical data, which poses a challenge due to climate change. When setting rates, insurance companies cannot consider current or future risks to the property or reinsurance costs.

Construction 448

Construction Agents As-is Marketing 448

Housing Wire

JUNE 13, 2022

While real estate professionals are perfectly positioned to introduce homebuyer assistance as a concept, home financing is not their schtick. And, importantly, financing borrowers with homebuyer assistance is good for business. their lenders) if homebuyer assistance is right for them. There is consumer demand for homebuyer assistance.

Finance 370

Finance Loans Closing Closing costs 370

Housing Wire

DECEMBER 15, 2023

Mortgage lenders loanDepot and Cardinal Financial are the targets of class-action-seeking lawsuits alleging deceptive practices, negligent misrepresentation and gross negligence against Texas homeowners. The homeowners believe the class action could include “hundreds of thousands” of individuals.

VA loan 343

VA loan Loans Mortgages Industrial 343

Housing Wire

SEPTEMBER 23, 2020

Vexed by work-from-home arrangements owing to the COVID-19 pandemic, homeowners are taking the long view and rethinking floor plans. Homeowners are serious about dedicating room for work. There’s a mainstay in mortgage finance poised to help in working from home. The reality is, home offices are no longer a luxury.

Renovation 544

Renovation Loans Lending Finance 544

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. A cash-out refi replaces the homeowner’s current mortgage with a new, larger loan under different terms from the original loan.

Mortgages 497

Mortgages FHA loan Equity Loans 497

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 financing can be used to make a down payment, pay down debt, or cover repairs and moving expenses. They become more competitive buyers and can flip the process to move on their own terms.”

Lending 446

Lending Loans Loan Officer Equity 446

Housing Wire

DECEMBER 3, 2023

Rising home prices have pushed the third quarter’s tappable home equity amount near its 2022 peak, but interest rates are making homeowners reluctant to extract that wealth.

Equity 468

Equity VA loan FHA loan Mortgages 468

Housing Wire

MARCH 1, 2021

For the episode, Greg McBride, senior vice president and chief financial analyst for Bankrate.com , joins the podcast to share his insights on what the COVID-19 forbearance and foreclosure relief programs mean for homeowners and people in the housing finance industry.

Finance 369

Finance Development Loans Industrial 369

Housing Wire

SEPTEMBER 15, 2020

ReLEASE provides homeowners with the option to sell their home and rent it back from EasyKnock as long as they would like, the company said. Historically, financing options have been limited and lending standards have not worked in favor of the consumer. ReLEASE is the third solution EasyKnock offers to homeowners.

Lending 471

Lending Residential Finance Closing 471

BAM Media

MAY 9, 2024

Real estate transactions can be complex, especially when traditional financing isn’t the best option. This is where creative financing strategies like seller financing and subject to come into play. Seller Financing: The seller acts as the bank, creating a new financing agreement with the buyer. What is Subject To?

Finance 105

Finance Banks Investor Loans 105

Housing Wire

MAY 17, 2023

“The deep-pocket cash buyers definitely can find some deals and make a good ROI, but for the people depending on debt to purchase their flip, they are really going to have to be careful and strategic … because the financing is becoming so expensive in this high interest-rate environment,” Lwowski said.

Finance 370

Finance Marketing Lending Investor 370

Housing Wire

JUNE 5, 2024

Today, HUD is providing new resources for preserving and revitalizing these communities by providing FHA-insured financing to mission-focused groups to buy or refinance and revitalize manufactured homes. “Manufactured home communities offer a stable and affordable housing option for many families,” Todman said in a statement.

Loans 529

Loans Finance Renovation Equity 529

Housing Wire

JUNE 21, 2024

Cohen describes the program as overseeing “low-interest rate loans [which] allow senior homeowners to benefit from an additional income source from their home equity while offering the financial flexibility they need to continue living at home.” Eligible homeowners can borrow a minimum of $15,000 up to a maximum of $150,000.

Mortgages 395

Mortgages Equity Finance Closing costs 395

Housing Wire

OCTOBER 15, 2020

OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. With this acquisition, OJO Labs hopes to help homebuyers and homeowners navigate financial responsibilities like saving for a down payment, securing the right lender, building equity and saving for renovations. “Our

Finance 230

Finance Loan Officer Renovation Equity 230

Housing Wire

JUNE 25, 2024

While they’re one of the best opportunities for an objective party outside the deal to assess a home’s true value, they can also torpedo an asking price or cause a lender to rescind its financing offer. However, their role in the financing process is more important for many buyers. But that’s not all a home appraisal can do.

Seller concession 326

Seller concession Staging Finance Closing costs 326

Housing Wire

JUNE 21, 2024

Most notably marketed by MV Realty under the moniker of its Homeowner Benefit Program , homeowners who sign a right-to-list agreement receive anywhere from $300 to $5,000. If the homeowner breaks the agreement or decides to terminate the agreement early, the homeowner must pay 6% of the appraised value of the home.

Title 386

Title Bankruptcy Land Equity 386

Housing Wire

MAY 17, 2024

The National Reverse Mortgage Lenders Association (NRMLA) this week announced that Jonathan Scarpati, senior vice president of wholesale production at Finance of America (FOA), has joined its board of directors for the remainder of the 2024 term. Scarpati expressed excitement for his new role.

Finance 440

Finance Equity Lending Industrial 440