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Reverse purchase financing: The financing option no one is talking about

Housing Wire

2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rates and limited purchasing power due to increasing debt. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing?

Finance 418
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UWM cuts out title insurer with updated TRAC+ program, rolls out 0% down purchase initiative

Housing Wire

UWM’s TRAC+ announcement comes as the federal government pushes title insurance alternatives designed to save consumers money. the company also announced ChatUWM, an AI-powered search engine that provides instant responses to clients, including guidelines, matrices, lender tools, and technology. loans but only for refinances.

Insurance 422
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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”

Insurance 338
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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And There’s a lot more capital in the picture — in particular, insurance capital — which needs the rating for them to buy the bond,” Matthews said. “So,

Finance 370
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Our 19-point house-hunting checklist for real estate agents & their clients

Housing Wire

While buying a house is typically an exciting process for our clients, it can also be overwhelming. We’ve compiled this house-hunting checklist you can review with your buyer clients to help them better understand the home-buying process. I used to play a fun game with my buyer clients. I gave them a piece of paper and a pen.

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Increased need for a compliance-driven insurance servicing solution

Housing Wire

With multiple organizations – such as the Consumer Finance Protection Bureau (CFPB), Fannie Mae, FEMA, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and others – guiding these regulations and outlining protocols, it is necessary but challenging to maintain compliance.

Insurance 349
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The Agency ventures into core services

Housing Wire

Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. The affiliation will provide The Agency’s agents with access to Bubble Insurance’s insurance coverage for their clients.

Insurance 324