Housing Wire

FEBRUARY 27, 2025

American homeowners are struggling to keep up with unpredictable natural disasters and the rising homeowners insurance premiums that follow them. Homeowner ages ranged from 18 to 55. Nearly 50% of homeowners worry about their ability to afford a home as taxes and insurance premiums rise.

Technology 244

Technology Mortgages Closing Marketing 244

Housing Wire

DECEMBER 26, 2024

The legal department at eXp Realty and parent company eXp World Holdings is not getting any rest over the holidays.

Renovation 396

Renovation Brokerage Agents As-is 396

Housing Wire

FEBRUARY 10, 2025

As the month of love commences and Valentine’s Day is just around the corner, the phrase “building a future together” has never been more relevant as a new dating app designated for homeowners is about to hit app stores. The app is open to homeowners who live in the U.S.

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As-is Design Technology Marketing 305

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.

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Design Mortgages Lending As-is 482

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.

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Equity Mortgages Residential As-is 508

Housing Wire

JANUARY 3, 2025

The California Department of Insurance unveiled a new regulation this week that aims to increase homeowners insurance coverage in areas prone to wildfires , a response to the recent pullback in policies by several major insurers. The number of policies under the FAIR Plan more than doubled from 2020 to 2024, according to the AP.

Design 523

Design Marketing As-is Sales 523

Housing Wire

SEPTEMBER 9, 2024

Why is homeowners insurance so expensive in the Upper Midwest? This is according to an article published by the Federal Reserve Bank of Minneapolis , citing data from S&P Global showing as much as a 34% increase in homeowner’s insurance premiums nationwide over a period of seven years.

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Construction Banks Technology As-is 456

Housing Wire

JULY 10, 2024

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week , and now the FHFA National Mortgage Database Aggregate Statistics , we have a lot of visibility into the financial position of the American homeowner. At the end of the pandemic, American homeowners had the best deal ever on their mortgages.

Equity 545

Equity Loans Mortgages Sales 545

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.”

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Equity Residential Mortgages Closing 518

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.

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Bankruptcy Equity Hard money loan Finance 448

Housing Wire

AUGUST 15, 2024

Sky-high home prices and elevated mortgage rates are putting increasing strain on homeowners. homeowners are struggling to stay in their homes, and market conditions theoretically put the most heat on those who bought after mortgage rates rose. higher relative to July 2023. This pipeline of data suggests that more U.S.

Mortgages 468

Mortgages VA loan FHA loan Staging 468

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.” We see this now with homes being withdrawn from the market rather than discounting to spur demand.

Sales 505

Sales Mortgages Marketing As-is 505

Housing Wire

OCTOBER 21, 2024

Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. The document states that the plaintiffs undervalued a homeowner’s property based on her race in an appraisal made in 2021 in Denver. ” On Monday, the U.S.

Mortgages 511

Mortgages Branding Development Sales 511

Housing Wire

DECEMBER 2, 2024

“There’s a lot of people in the middle, homeowners included, who are stuck.” Older homeowners are also struggling with rising insurance premiums , particularly if they’re still paying off forward mortgages.

As-is 417

As-is Equity Land Mortgages 417

Housing Wire

DECEMBER 17, 2024

Because the children of homeowners are more likely to be homeowners themselves, this pattern has profound implications on the economic mobility for younger homebuyers like millennials and Gen-Zers and also for future generations. The wealth gap between homeowner and renter households is widening.

Marketing 397

Marketing Equity As-is Mortgages 397

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.

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Renovation MLS Finance Closing 412

Housing Wire

DECEMBER 8, 2024

CoreLogic’s Q3 2024 Homeowner Equity Insights report showed that the total number of mortgaged homes with negative equity rose by 3.5% Conversely, positive homeowner equity increased by $425 billion since Q3 2023. Hawaii saw the biggest decreases with an average loss of $34,000 per homeowner. from the second quarter.

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Equity Mortgages Closing 395

Housing Wire

MARCH 3, 2025

While its no surprise that insurance costs are rising, were beginning to see emerging trends in terms of how homeowners are responding to the higher cost environment, Andy Walden , ICE’s head of mortgage and housing market research, said in the report. of homeowners in the Eaton fire perimeter and 3.2% This includes 3.5%

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Mortgages Loans Marketing As-is 271

Housing Wire

DECEMBER 20, 2024

Sessions added that the bill takes a practical approach to deliver meaningful relief to homeowners. By addressing a key inequity in the FHA system, this bill rewards financial responsibility and empowers homeowners across the country. Mortgage insurance exists as protection from foreclosure on low equity loans.

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FHA loan Mortgages Equity Loans 418

Housing Wire

JANUARY 28, 2025

Two groups of homeowners a service transfer population and a property preservation population are eligible for relief under the settlement. According to the lawsuit, these loans became 30 days delinquent within 90 days of the transfer, eventually causing several foreclosures among homeowners.

Inspection 432

Inspection Loans Mortgages As-is 432

Housing Wire

OCTOBER 31, 2024

“Unlike other home equity loans, HomeSafe Second allows eligible homeowners to access up to $1 million, depending on their home’s value and outstanding mortgages, without the need to make monthly payments,” the company said.

Mortgages 426

Mortgages Equity Loan Officer Loans 426

Housing Wire

FEBRUARY 5, 2025

Additionally, a staggering 10 million plus homeowners struggled with mortgage delinquencies. For many, losing their homes meant transitioning into the rental market, further contributing to this shift from homeowner to renter. This leaves a lot of homeowners in place.

Loans 422

Loans Mortgages Marketing As-is 422

Housing Wire

JANUARY 8, 2025

While California law does not require homeowners to have fire insurance, most mortgage lenders do. I’m calling developers asking about vacancies to see if we can figure out some short-term rentals to house people,” he said. Obtaining home insurance in California has been a longstanding issue.

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Banks As-is Development Closing 418

Housing Wire

JANUARY 16, 2025

The Federal Communications Commission (FCC) this week warned consumers in all 50 states that fraudsters are posing as mortgage lenders by calling homeowners and asking them to pony up on payments. “The callers persuade the homeowner that they need to pay in a manner different than their usual mortgage payment method.

Mortgages 366

Mortgages Lending As-is Agents 366

Housing Wire

FEBRUARY 4, 2025

Homeowners in California with an insurance policy from State Farm could see a 22% rate hike. In May 2023 , State Farm announced it was no longer accepting applications for new homeowners insurance policies in California. Californias Department of Insurance regulates insurance premium rates in the state.

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Commercial As-is Marketing 419

Housing Wire

JANUARY 15, 2025

Rising personal home insurance rates, fueled by escalating claims costs, increasing property values and the growing frequency of natural disasters, will all have a profound impact on market dynamics and homeowners insurance costs. For real estate professionals and mortgage lenders, these shifts present both challenges and opportunities.

Marketing 359

Marketing Commercial Mortgages Branding 359

Housing Wire

DECEMBER 30, 2024

In November, Redfin also reported that renter household growth is significantly outpacing that of homeowners, showcasing a shift in market dynamics. Home sales may also ramp up as the lock-in effect loosens its grip on homeowners. There is some hope for potential buyers and sellers if mortgage rates decline.

Mortgages 487

Mortgages Brokerage Sales Marketing 487

Housing Wire

JANUARY 8, 2025

Miami became one of the hottest destinations in the country after the COVID-19 pandemic began, and homeowners have reaped the benefit in the form of ballooning home equity. But homeowners in the area are also facing a serious unintended consequence of that skyrocketing property taxes. since 2019, and theyve jumped 56.8%

Equity 397

Equity Mortgages Marketing 397

Housing Wire

NOVEMBER 20, 2024

However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. HW: What do you see as the biggest opportunities for mortgage professionals in leveraging home equity products, especially as senior homeowners become such a large and growing demographic?

Equity 367

Equity Finance Marketing Lending 367

Housing Wire

JANUARY 13, 2025

The Consumer Financial Protection Bureau (CFPB) has found that homeowners facing flooding from rivers and creeks are more likely to be underinsured against flood risk than homeowners in coastal areas, according to a repor t published on Monday.

Mortgages 370

Mortgages Marketing 370

Inman

MARCH 14, 2025

Soaring property tax and homeowners' insurance costs have made homeownership less affordable than any time since the 1980s, Bernice Ross writes.

Mortgages 131

Mortgages Agents Marketing 131

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. Once out of harms way, we encourage homeowners in these affected areas to contact their mortgage servicer to learn about relief options.

Mortgages 397

Mortgages Development Loans Design 397

Housing Wire

DECEMBER 5, 2024

In tandem, Splitero also announced that it is expanding its product solutions to Tennessee and Virginia to provide more homeowners with alternative ways to access to home equity. “This investment allows us to ensure that more homeowners can access their home equity to secure their financial future,” he said. .

Equity 365

Equity Technology Brokerage Mortgages 365

Housing Wire

JANUARY 27, 2025

The brief drop in mortgage rates at the end of the summer loosened the lock-in effect, and homeowners started listing their homes, pushing inventory to 1,390,000 in September. Existing-home sales finished the year strong with a 9.3% rise year over year, the highest annual gain since June 2021, but are still at historically low levels.

Sales 476

Sales New Construction MLS Mortgages 476

Housing Wire

JANUARY 27, 2025

Interest rates have risen from their record lows, housing inventory is tight and more homeowners are staying in their current properties, which means it is more important than ever for servicers to retain the customers they have. In fact, ICEs Mortgage Monitor data found that as of November 2024, the average U.S.

Equity 358

Equity Technology Loans Mortgages 358

Housing Wire

DECEMBER 3, 2024

Prospective homeowners enter the housing market with two questions: Where do I begin? Potential homeowners should be able to handle this confusion in a world where technology and digital tools rule customer service. How much home can I afford? Once the process starts, nearly half of home buyers report shedding tears at some point.

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Finance Technology Loans Brokerage 395

Housing Wire

NOVEMBER 19, 2024

While the co-chairs of the caucus wrote that they “applaud” Thompson and the FHFA’s efforts to promote homeownership for low-income Americans, they believe that the pilot program will not help to achieve the goal of “finding ways to ‘responsibly reduce closing costs for homeowners in a safe and sound manner.’”

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Title Title search Closing costs Loans 418