Housing Wire

MARCH 21, 2024

House of Representatives Subcommittee on Housing and Insurance hearing on Wednesday, members focused on the challenges faced by today’s homebuyers. Because of the lack of housing inventory, the median home price has gone up too, by 27% just since 2020.” Department of Veterans Affairs (VA),” the memorandum stated.

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Housing Wire

DECEMBER 14, 2022

Mortgage Insurers (USMI), the association that represents the nation’s leading private mortgage insurance companies, announced on Wednesday that it has named Seth Appleton, current president of the Mortgage Industry Standards Maintenance Organization (MISMO), as USMI’s new president.

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Housing Wire

JANUARY 1, 2024

Biggest affordability developments of 2023 When asked what they see as the biggest developments on the housing affordability front, all three cited the paltry level of inventory “[The inventory issue] is made worse by today’s high interest rate market,” Broeksmit said. “We’ve

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Insurance Government Mortgage Inventory 415

Housing Wire

APRIL 19, 2022

Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. The Department of Housing and Urban Development said that the implementation of such an option could prevent “several thousand borrowers a year from foreclosure.”

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Insurance Development Mortgage Government 488

Housing Wire

APRIL 14, 2023

However, buyers are contending with rising interest rates , high home prices and constrained inventory. At a time when the banking system is making headlines, housing finance regulators should appreciate the strength, stability and resilience of the conventional mortgage market backed by private mortgage insurance. Mortgage Insurers.

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Finance Buyers Insurance Housing Market 325

Housing Wire

MARCH 9, 2023

The rule allows mortgagees to increase the maximum term of an FHA-insured mortgage loan modification from 360 to 480 months following a default. The Federal Housing Administration ( FHA ) announced this week that a final rule related to an increased 40-year loan modification term has been published in the Federal Register.

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Insurance Mortgage Realtors Inventory 366

Housing Wire

NOVEMBER 3, 2023

The updates align FHA appraisal requirements with those of other industry participants and will improve the valuation of these homes for borrowers seeking FHA-insured mortgages,” the FHA said in its announcement. Gordon added that the FHA is making this move to serve needs for both inventory and affordability.

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Appraisal Valuation Insurance Tools 378

Housing Wire

JULY 6, 2023

The purchase deal includes Truland’s homebuilding assets, which consist of approximately 263 lots, 155 homes in inventory, and 55 homes in the sales order backlog. We look forward to continuing as a key lot development partner for D.R. a national residential lot development company. Horton family,” Donald R.

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Contracts Development Insurance Construction 365

Housing Wire

AUGUST 10, 2023

The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction. Department of Housing and Urban Development (HUD) in August 2022.

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Renovations Buyers Development Insurance 328

Housing Wire

AUGUST 16, 2023

Developers and construction companies seem to “have come to terms with the affordability challenge and have been erecting smaller homes at more approachable prices this year,” said Ratiu. There are other challenges for prospective homebuyers to overcome, said Travis Hodges, a managing director at insurance brokerage VIU by HUB.

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Construction Insurance Housing Market Brokerage 257

Housing Wire

JULY 28, 2023

Demand in our residential purchase business continues to be pressured by affordability issues due to high mortgage rates along with low inventory that has kept home prices elevated. I would anticipate that we will have a national roll out probably within the next couple of years, as our development efforts progress,” DeGiorgio said. “I

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Insurance Investors Development Housing Market 282

Housing Wire

MAY 22, 2024

Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its share of total HECM endorsements in 2023 rise to its highest level since 2019. The inventory is so low, so people are wanting to figure out how they can move into a home.” That’s not saying all that much.

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Mortgage Loan Officers Lending Business 332

Housing Wire

NOVEMBER 15, 2021

The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. Marcia Fudge said there were no near-term plans to change FHA’s mortgage insurance premium pricing.). Earlier this year, HUD Sec.

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Mortgage Insurance Renovations Tools 381

Housing Wire

JANUARY 26, 2022

But what if the market conditions include historically low levels of available inventory for sale, and competing for that limited inventory with institutional investors as well as millions of millennial homebuyers? The “Big Four” take on the upstarts in title insurance. 5 predictions for the 2022 housing market. million and 1.87

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Real Estate Investors Inventory Business 424

Housing Wire

APRIL 4, 2022

The proposed rule , published by the Department of Housing and Urban Development late last week, would change repayment provisions for FHA borrowers, allowing lenders to recast a borrower’s total unpaid loan for an additional 120 months. HUD said that this option could prevent “several thousand borrowers a year from foreclosure.”.

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Government Development Mortgage Insurance 516

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. With the housing market still red-hot and inventory at a crisis level , borrowers with cash and conventional almost always win out with sellers.

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Insurance Loan Officers Sellers Mortgage 357

Housing Wire

MARCH 19, 2021

Those investments include the sale of SunStreet solar and stakes in insurtech firms Hippo Home Insurance and Doma (formerly known as States Title ). Lennar’s focus on its strategic investments and homebuilding comes amid historic inventory lows , construction worker shortages, near-record low mortgage rates and incredible demand.

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Development Investing Business Construction 521

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. While home inventories remain low, the prospects for first-time buyers diminish.

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Insurance Construction Government Lending 366

Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. Despite this shift and other challenging market conditions such as decreasing housing affordability and low inventory, DeGiorgio remains confident that First American will be able to weather the storm. “We

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Insurance Investing Marketing Business 340

Housing Wire

JUNE 6, 2022

In a letter to the FHA , Sharon Whitaker, vice president of the ABA, said the 40-year loan modification will help borrowers retain their homes after default and help mitigate losses to FHA’s Mutual Mortgage Insurance Fund. But it’s not just a benefit to borrowers.

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Insurance Mortgage Realtors Housing Market 413

Housing Wire

JULY 1, 2022

On the heels of a global COVID -19 pandemic that keeps rearing its head, the housing economy is now faced with rising rates and dismal inventory. Enact Mortgage Insurance. Area Business Development Manager. Connecting with clients and consumers has never been an easy task, and today’s market has been no exception. Eric Kushner.

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Marketing Realty Real Estate Lending 382

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. In addition, JP Morgan Chase & Co.

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Housing Market Marketing Construction Development 544

Housing Wire

DECEMBER 6, 2023

Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. As with establishing effective communication expectations early on, developing a crisis management plan before you need it will allow you to effectively deal with unexpected problems.

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Real Estate Legal Tenants Clients 383

Housing Wire

JUNE 1, 2022

With the current cost of origination, combined with higher interest rates and low housing inventory on the horizon, the MBA reports that 2022 is likely to see about a 30% decline in overall mortgage originations, as compared to 2021. It’s crucial that the title insurance industry urge progress and innovation in the digital closing space.

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Insurance Real Estate Agents Technology 366

Housing Wire

AUGUST 16, 2023

That said, the lack of inventory and stubbornly high interest rates are keeping people on the sidelines, for now. MD: This market has thrown lenders a few macroeconomic challenges that are outside of their control — interest rates and housing inventory, to name just a couple.

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Inventory Lending Mortgage Insurance 311

Housing Wire

JUNE 8, 2021

EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. EnerBank funds most of its loans on its balance sheet through FDIC -insured brokered CDs; it also charges fees to the contractors. billion in home improvement projects. billion in volume in 2020.

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Renovations Home Improvement Marketing Finance 325

Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. Record-high demand for homes coupled with historically low inventory has driven prices up precipitously. According to the Radian Home Price Index , home prices rose 9.2%

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Housing Market Marketing Construction Insurance 377

Housing Wire

JANUARY 25, 2022

To develop a robust input, it’s imperative to understand your cash flows, which means knowing your sources and uses of cash. This includes how much cash is used to fund new loans, cycle time on loans in inventory, and how fast you’re selling loans. The more you can increase that velocity, the quicker you generate cash.

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Mortgage Inventory Business Loan Officers 324

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. All of this has resulted in a nosedive in homebuilder sentiment.

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Supply Chain Construction Inventory Finance 355

Housing Wire

SEPTEMBER 16, 2021

The foreclosure inventory rate, the percentage of outstanding loans that were in the foreclosure process at the end of the second quarter, dropped to 51 basis points, the lowest foreclosure inventory rate since 1981. Note that some of these loans in the foreclosure inventory may have been so prior to the pandemic. Exhibit 4.

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Mortgage Inventory Investors Design 474

Housing Wire

MARCH 20, 2024

Let’s delve into the potential negative consequences of diminishing or eliminating buyer representation, underscoring why this development matters more than ever in today’s real estate market. The unintended consequences of eliminating buyer agency 1. For these buyers, every dollar matters.

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Real Estate Buyers Agents Sellers 471

Housing Wire

OCTOBER 5, 2023

These [rated offerings] can start to bring in investors like insurance companies, money managers with mutual funds that have ratings constraints, investment banks … [and more], which will provide better financing on rated bonds.” billion, according to offering documents. It appears that securitization market has arrived.

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Housing Market Marketing Contracts Finance 374

Housing Wire

APRIL 27, 2023

The sharp decline in affordability driven by mortgage rates above 6%, along with low inventory and elevated home prices , adversely impacted the housing market, and as a result, our residential purchase business,” Ken DeGiorgio, the CEO of First American , told investors Thursday morning.

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Housing Market Marketing Investors Development 313

Housing Wire

SEPTEMBER 5, 2023

TB: It seems like each mortgage process should be relatively standardized because we’re manufacturing loans — the vast majority of which will be purchased by the two GSEs or insured by FHA , VA or USDA. And then closing as fast as possible because we’re still in a tight housing market with tight inventory.

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Technology Mortgage Tools Insurance 332

Housing Wire

APRIL 22, 2024

Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce. If you want to think outside the box, consider partnering with an ambitious insurance agent who offers both rent and homeowners insurance. What a great way to receive referrals for life!

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Real Estate Open Houses Brokerage Real Estate Agent 334

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. Other requirements for the transaction, like title insurance, are the same as for all other transactions, so it really isn’t a big deal.”.

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Clients Agents Buyers Sellers 377

Appraisal Buzz

SEPTEMBER 26, 2022

There’s currently an inventory shortage, which is leading to more competition and increased prices. These developed skinny towers as luxury condominiums. Less restrictive laws reduce developing costs and help with labor shortages, balancing prices in turn. Kick-staring transit-oriented development.

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Construction Supply Chain Buyers Retail 195