Remove Design Remove Development Remove Housing Market Remove Insurance
article thumbnail

HUD aims to help protect communities from extreme heat

Housing Wire

Department of Housing and Urban Development (HUD) on Wednesday announced new initiatives to bolster community protections against severe heat, an issue that has become more common nationwide. Extreme heat wrought by climate change has started to have a more pronounced impact on the housing market.

Insurance 345
article thumbnail

HUD announces final rule to protect against flood risk

Housing Wire

Department of Housing and Urban Development (HUD) announced Monday that it published a final rule, the Federal Flood Risk Management Standard (FFRMS), in the Federal Register. Growing impact of flooding, natural disasters As flooding and other extreme weather events have impacted more people across the U.S.

Insurance 335
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fudge won’t cut mortgage insurance premiums

Housing Wire

Housing and Urban Development Secretary Marcia Fudge put an end to speculation that the agency would move to reduce the Federal Housing Authority ‘s mortgage insurance premiums by 25 basis points. During her nomination , Fudge was noncommittal about potential cuts to the mortgage insurance.

Insurance 293
article thumbnail

Introducing the 2023 HousingWire Tech Trendsetters!

Housing Wire

As the housing market continues to undergo a seismic shift, technology leaders like this year’s Tech Trendsetters stand as beacons, guiding the industry toward a future where innovation is not an option but an imperative for success.

article thumbnail

Home equity products light up a dark housing market

Housing Wire

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. It appears that securitization market has arrived.

article thumbnail

Going to Extremes

Appraisal Buzz

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters.

HOA 370
article thumbnail

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

Housing Wire

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. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing?

Finance 418