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

MARCH 4, 2024

The mayor of Miami-Dade County wants to leverage the bond market to create a fund that will finance affordable housing projects, according to a Bloomberg report published Monday. Over the past five years, home prices in the Miami area have surged by 82%, according to data from the Federal Housing Finance Agency ( FHFA ). Out of the $2.5

Finance 476

Finance Land Development Marketing 476

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

OCTOBER 25, 2023

A brewing crisis is emerging around homeowners insurance and thus far the finance and insurance community has not offered any viable solutions. Homeowners in affected markets have experienced increases in premiums that threaten their financial soundness or are finding cancellation notices in their mailboxes.

Finance 455

Finance Investor Mortgages As-is 455

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 467

Equity Finance Purchase and sale agreement Investor 467

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

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

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.

Renovation 397

Renovation Finance Loans Lending 397

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 443

Mortgages Loans As-is Finance 443

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

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 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

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

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

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

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

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 439

Construction As-is Marketing Sales 439

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

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

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

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 467

Lending Residential Technology Industrial 467

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 433

Finance Investor Banks Residential 433

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 338

Lending Loans Loan Officer Technology 338

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

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 389

Mortgages Equity Loans Finance 389

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

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

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 391

Loans Mortgages Investor Finance 391

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

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

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 392

Finance Mortgages Lending Equity 392

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 As-is Agents Marketing 448

RIS Media

AUGUST 8, 2024

From landscaping to major repairs like roofing or foundation fixes, these investments are pivotal in the “improve-to-sell” approach favored by agents and homeowners alike. Yet, the greatest challenge often lies in financing these improvements.

Finance 124

Finance Sales Agents Development 124

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 486

VA loan FHA loan Short sale Loans 486

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