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

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

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

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

NOVEMBER 12, 2024

Cornerstone Financing , a venture co-founded by former Reverse Mortgage Funding (RMF) CEO Craig Corn, has secured $285 million in financing through global investment firms Aquiline Capital Partners LP and Nomura. The product operates similarly to a shared equity investment. 31 of that year.

Equity 368

Equity Finance Mortgages Bankruptcy 368

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

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

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

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

OCTOBER 10, 2024

Ongoing supply and affordability challenges in the housing market have frustrated many homeowners who have looked to trade up or relocate for various reasons. Louis-based Clever Real Estate , 63% of homeowners would rather remodel their current home than move to one that has already been fixed up. trillion at the midpoint of the year.

Renovation 476

Renovation Equity Lending Banks 476

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 448

Mortgages Loans As-is Finance 448

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 453

Construction As-is Marketing Sales 453

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 444

Finance Investor Banks Residential 444

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 488

VA loan FHA loan Short sale Loans 488

Housing Wire

DECEMBER 11, 2024

In a session chaired by Longbridge Financial CEO and Columbia University finance professor Chris Mayer, researchers shared findings including those related to health care costs and their contributions to housing affordability issues faced by seniors. population, on housing demand, according to the report.

Finance 364

Finance Development Equity Banks 364

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.”

Mortgages 497

Mortgages Development Industrial As-is 497

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

OCTOBER 3, 2024

” The exploding cost of homeowners insurance — which is largely regulated by states — also likely requires federal action, Stork said. Remarkably, insurance agencies have blown off requests to meet with Federal Housing Finance Agency Director Sandra Thompson. “It’s keeping people on the sidelines. ”

Lending 358

Lending Loans Loan Officer Technology 358

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

SEPTEMBER 19, 2024

Kristen Sieffert At industry leader Finance of America (FOA), company president Kristen Sieffert said that the impact on both the company and the industry will be very evident. Higher rates over time have a big impact on consumers, especially older homeowners.

Mortgages 493

Mortgages Lending Finance Industrial 493

Housing Wire

JULY 31, 2024

Interest rate impact Financing a home today is undeniably much more expensive than just a few years ago. The median home in 2019—priced at $212,000 and financed with a 30 year mortgage for 3.75%—would carry a monthly cost of under $900. Incomes are the single best predictor of home prices.

Finance 493

Finance Mortgages Construction Banks 493

Housing Wire

AUGUST 27, 2024

Mortgage market conditions presented over the past two years have muted the effectiveness of the monetary policy tightening by saving $600 billion for homeowners, accounting for about 2% of personal consumption spending since 2022, according to a report by two Swiss Re Institute senior economists. “A

Fixed-rate mortgage 353

Fixed-rate mortgage Mortgages Loans As-is 353

Housing Wire

APRIL 9, 2024

Homeowners are more “house-rich, cash-poor” than ever, with increasingly valuable homes, but less real income and higher borrowing costs to handle the challenges and opportunities of life. In today’s environment, homeowners are looking for new answers — and financing platforms — to solve that puzzle. Why a third way?

Equity 474

Equity Investor Residential Finance 474

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

FEBRUARY 5, 2024

Effective March 1, the credit will be available for homebuyers earning 50% of area median income (AMI) or less through Freddie Mac’s Home Possible and Housing Finance Agency (HFA) Advantage mortgage products. The credit can be used for down payments, closing costs, escrow and mortgage insurance premiums.

Mortgages 526

Mortgages Closing costs Finance Loans 526

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 448

Lending Loans Loan Officer Equity 448

Housing Wire

NOVEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) on Monday unveiled its three-year plan for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to improve housing opportunities in underserved areas. The DTS plans aim to address a lack of liquidity across manufactured housing, affordable housing preservation and rural housing.

Development 448

Development Finance Design Mortgages 448

Housing Wire

SEPTEMBER 17, 2024

. “We are excited to partner with Unison to provide an attractive solution for homeowners to access their appreciating home equity,” Akhil Bansal, Carlyle’s head of credit strategic solutions, said in a statement. homeowners have $11.5 Unison has more than $1.8 As of second-quarter 2024, U.S.

Equity 433

Equity Loans Finance Mortgages 433

Housing Wire

SEPTEMBER 17, 2024

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The product is a second mortgage with a below-market interest rate that allows a homeowner to tap into their equity without refinancing their existing mortgage.

Equity 459

Equity Loans Debt-to-income ratio Renovation 459

Housing Wire

APRIL 19, 2024

On Tuesday, the Federal Housing Finance Agency (FHFA) announced a request for comment on a proposal to allow the government-sponsored enterprise (GSE) to purchase single-family, closed-end second mortgages when it owns the risk of the corresponding first-lien mortgage, subject to a combined loan-to-value ratio lower than 80%.

Equity 488

Equity Finance Loans Banks 488

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 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

SEPTEMBER 11, 2024

By this point, the information should be second nature: Aging in place is an increasingly common desire among homeowners who want to save money, avoid costly assisted-living facilities, stay connected to their communities or all of the above. Financing these improvements can be an obstacle too.

Renovation 468

Renovation Finance As-is Mortgages 468

Housing Wire

APRIL 12, 2024

According to an analysis conducted by Bloomberg on data from the Federal Housing Finance Agency , approximately one-fifth of U.S. homeowners carry mortgages with interest rates below 3%, while nearly 35% have rates ranging between 3% and 4%. Meanwhile, the costs associated with employee relocations are on the rise.

Mortgages 475

Mortgages Finance 475

Housing Wire

APRIL 17, 2024

The Federal Housing Finance Agency (FHFA) this week announced a new product proposal for government-sponsored enterprise (GSE) Freddie Mac that would allow the agency to purchase certain single-family, closed-end second mortgages. FHFA Director Sandra Thompson explained that such options are needed in the current mortgage rate environment.

Closing 529

Closing Mortgages Equity Loans 529

Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. We are honored to have him lead our expanding mortgage financing efforts,” David Shapiro, EquiFi’s CEO and founder, said in a statement.

Equity 396

Equity Purchase and sale agreement Mortgages Finance 396