Housing Wire

MARCH 12, 2025

The new system is described as an upgrade to zavvie s portal for cash buyers and boosts its Cash Buy Before Sell program, giving homeowners added financial flexibility to purchase their next home before selling their current one. zavvie is pioneering AI-powered alternative financing, ensuring more homebuyers can compete and succeed.

Finance 201

Finance Loan Officer Loans Technology 201

Housing Wire

OCTOBER 24, 2024

Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. She wants to offer those homeowners the resources and care that her mom and stepdad didn’t experience. “I There is nothing like that face to face.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

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.

Finance 501

Finance Construction Loans Renovation 501

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. It will also be available in four new states, bringing the total to 10 with more planned for 2025. The new states are Arizona, Nevada, Oregon and Utah.

Mortgages 432

Mortgages Equity Loan Officer Loans 432

Housing Wire

JANUARY 15, 2025

As high home prices continue to impact the market, many homeowners are deciding to stay put in their homes. Emmy Award-winning home improvement platform This Old House conducted a survey of 2,000 homeowners on their renovation plans for 2025. This Old House reported that 48% of homeowners planned to make renovations in 2025.

Renovation 417

Renovation MLS Finance Closing 417

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. Together, we’re changing the way people think about home financing by offering solutions that work for real people in real markets.”

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Equity Finance 448

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.

Design 482

Design Mortgages Lending As-is 482

Housing Wire

MAY 6, 2024

Finance of America Companies (FOA) announced on Monday that its reverse mortgage brands — Finance of America Reverse (FAR) and American Advisors Group (AAG) — will be consolidated under the singular Finance of America brand going forward. By Q4, you will see us present consistently as Finance of America to the market.”

Branding 468

Branding Finance Equity Mortgages 468

Housing Wire

DECEMBER 17, 2024

PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers. Todays rule stops unscrupulous companies and salespeople from luring homeowners into unaffordable loans based on false promises of energy savings, Chopra said.

Loans 395

Loans Mortgages Finance Lending 395

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. And that has already started to happen,” Craft said.

Equity 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

NOVEMBER 19, 2024

The Bipartisan Congressional Real Estate Caucus is calling on the Federal Housing Finance Agency (FHFA) to cease its pilot program for title insurance waivers until the program is vetted and the agency seeks public input on it. The caucus expressed this view in a letter written by Reps. Lou Correa (D-Calif.), Mark Alford (R-Mo.),

Title 418

Title Title search Closing costs Loans 418

Housing Wire

AUGUST 2, 2024

Artificial intelligence (AI) is poised to dramatically change every aspect of daily life, and it’s starting to bring tools to homeowners as well. Private equity firm Exuma Capital Partners announced that it is the lead investor for a newly launched, AI-powered homeowner management tool called Property.com.

Sales 448

Sales Staging Renovation Equity 448

Housing Wire

SEPTEMBER 12, 2024

But growth began to slow during these three months, according to the CoreLogic Homeowner Equity Insights report published on Thursday. But pace of growth slowed, CoreLogic reported, as these homeowners saw an average gain of $25,000 during the year ending in June, which was down from $28,000 during the year ending in March.

Equity 508

Equity Mortgages Residential As-is 508

Housing Wire

JANUARY 25, 2024

Homeowners in California now have even fewer choices in homeowners insurance carriers. The Hartford Financial Services Group , better known as The Hartford, announced Wednesday that it would no longer issue new homeowners insurance policies in California starting in February 2024. 1, 2024,” the statement read.

Closing 493

Closing As-is Marketing Finance 493

Housing Wire

NOVEMBER 1, 2024

About one in three (35%) received special financing, while 26% made their purchase offer contingent upon a lower rate. Zillow home trends expert Amanda Pendleton noted a trend of new buyers thinking outside the box when it comes to mortgage financing.

Mortgages 321

Mortgages Finance Loan Officer Loans 321

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

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

OCTOBER 15, 2024

Because homeowners have cheap financing, they have the upper hand. So far, many homeowners are choosing to stay. Home sellers have a current price in mind, and they don’t really want to sell for less. This is known as “loss aversion.” This pricing psychology has limits. That happened in the 2008 bubble burst.

Sales 505

Sales Mortgages Marketing As-is 505

Housing Wire

NOVEMBER 12, 2024

The study analyzed DPA programs from more than 1,300 housing finance agencies, municipalities, nonprofits and other organizations. The 15 grant programs offer forgivable assistance, provided that a homeowner maintains their status as the primary occupant and owns no additional properties. in third-quarter 2024.

Mortgages 397

Mortgages Finance Loans Design 397

Housing Wire

FEBRUARY 18, 2025

homeowners, depending on the state or region. Personal finance website WalletHub released its 2025 Property Taxes by State report on Monday, ranking all 50 states based on property tax expenses. Based on the 2023 median home value, homeowners there would’ve paid about $820 in annual property taxes. Based on the U.S.

Finance 351

Finance As-is Marketing 351

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

JUNE 7, 2024

homeowner with a mortgage added $28,000 in equity during the year ending in March 2024 — the highest year-over-year increase since late 2022. Importantly, higher prices have also lifted some 190,000 homeowners out of negative equity , leaving only about 1.8% The average U.S. of those with mortgages underwater.”

Equity 518

Equity Residential Mortgages Closing 518

Housing Wire

FEBRUARY 3, 2025

Chris Porter, a senior vice president at the firm and the author of the latest outlook, said this correlates with buyers dedicating more of their income to housing and seeking accessible financing options. We do a lot of the Fannie Mae affordable home financing too, he added. Louis continues to see multiple offers on good houses.

Debt-to-income ratio 378

Debt-to-income ratio Loans VA loan FHA loan 378

Housing Wire

AUGUST 14, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) detailed some of its ambitions in appealing to senior borrowers, which includes new TV commercials that feature former American Advisors Group (AAG) turned FOA spokesman Tom Selleck. Fred Thompson.

Finance 435

Finance Mortgages Marketing Branding 435

Housing Wire

SEPTEMBER 9, 2024

Homeowners insurance costs are higher now than they have typically been , which has the potential to hit those living on a fixed income particularly hard. I currently have a woman right now, her insurance went from $3,000 to $14,000. She can’t afford to pay that any longer,” Calamia said.

Mortgages 446

Mortgages Loans As-is Finance 446

Housing Wire

MARCH 4, 2025

It makes all the sense in the world that most mortgage offers would go to first-time buyers today, Matt Schulz, LendingTrees chief consumer finance analyst, said in a statement. So many homeowners likely feel trapped because they bought their current place when rates were really low.

Mortgages 474

Mortgages Sales Finance Closing 474

Housing Wire

OCTOBER 28, 2024

Remaining diligent to identify opportunities Affordability challenges spurred by rising home prices and stubborn interest rates are impacting both prospective borrower and homeowner behavior. As a result, many potential buyers, along with current homeowners looking to refinance, are sitting tight in the hopes that rates will eventually drop.

Loan Officer 434

Loan Officer Pre-approval Technology Loans 434

Housing Wire

MARCH 14, 2025

Homeowners are stuck Many homeowners who locked in low-interest rates in prior years are hesitant to sell. This creates a unique challenge for mortgage professionals, who must provide creative financing strategies to help homeowners see the benefits of moving despite higher rates. With rates hovering around 6.5%

Mortgages 348

Mortgages Loan Officer Marketing Loans 348

Housing Wire

MARCH 14, 2025

This was some of the perspective shared this week by Kristen Sieffert , president of Finance of America (FOA) when the company presented its earnings results for the fourth quarter and full year. Sieffert said that while the potential for their involvement in second-lien originations remains high, getting to their goals is another story.

Branding 332

Branding Equity Lending Finance 332

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 468

Marketing Equity Construction Loans 468

Housing Wire

AUGUST 2, 2024

These two factors have resulted in renter households growing at three times the rate of homeowner households, according to a new report from Redfin that crunched U.S. Meanwhile, homeowner households grew by only 0.6% Census Bureau data back to 1994. renter households grew 1.9% year over year in the second quarter of 2024, hitting 45.2

Construction 448

Construction As-is Marketing Sales 448

Housing Wire

DECEMBER 19, 2024

The Federal Housing Finance Agency (FHFA) on Thursday announced that it initiated 43,459 foreclosure prevention actions in the third quarter of 2024, bringing the total number of homeowners helped to more than 7 million since the government-sponsored enterprises (GSEs) entered conservatorship in 2008.

Fixed-rate mortgage 395

Fixed-rate mortgage Loans Mortgages Finance 395

Housing Wire

JULY 18, 2024

Closing tasks such as appraisal , inspection, title insurance and homeowners insurance are done remotely. Loans are asset based and rely on the cash flow of the property rather than the borrower’s personal income. Buyers can also use Waltz to connect with a property manager or tax adviser. residential real estate is low.

Finance 447

Finance Investor Banks Residential 447

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

FEBRUARY 13, 2025

Health care information and caregiving marketplace website Care.com published an article that examines several practical ways that someone could choose to finance their long-term care (LTC) goals. HECM proceeds also do not impact eligibility for Medicaid or Supplemental Security Income (SSI), which are measured based on income and assets.

Mortgages 340

Mortgages Equity Loans Closing costs 340

Housing Wire

NOVEMBER 21, 2024

However, for most first-time homebuyers, mortgage financing is critically important. The ongoing price gains mean increasing wealth for homeowners nationwide,” Yun added. “The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions,” NAR chief economist Lawrence Yun said in a statement.

Sales 370

Sales Finance Investor Mortgages 370