Housing Wire

JULY 25, 2023

Insurers and government programs frequently subsidize the cost of rebuilding after storms hit, and mortgages mean homeowners are ceding some risk to lenders—especially if their house goes into foreclosure after a storm,” he explained. Recently, prominent insurance companies have exited some of these areas.

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Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. While the labor market is getting less tight, it’s not broken yet. Purchase application data Purchase application data has been the main stabilizing data line for the housing since Nov.

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Housing Wire

FEBRUARY 21, 2024

Not all sides of housing have been hit as hard as mortgage lending,” Gigliotti said. Many Axis trainees come from sales-based careers in hospitality, retail or insurance, which makes it easier to adapt to the mortgage business. He expects hiring to pick up again on the lending side in the third quarter of 2024.

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Housing Wire

SEPTEMBER 28, 2023

Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It It will disrupt some home sales in the short run due to the lack of flood insurance or delays in government-backed mortgage issuance,” he said.

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Housing Market Contracts Government Buyers 479

Urban

JUNE 16, 2021

Data show that flat-out rejection of buyers seeking government-backed loans disadvantages households with lower incomes, lower credit scores, and less wealth, many of whom are people of color.

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Housing Wire

FEBRUARY 26, 2024

The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. And homeowners insurance costs are three times higher in Florida than the national average.

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HOA Law Insurance New Listings 485

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. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

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Housing Wire

APRIL 14, 2023

First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership. According to the Urban Institute , conventional, privately insured mortgages experience lower loss severity than GSE loans without private MI despite their higher loan-to-value (LTV) ratios.

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Housing Wire

OCTOBER 12, 2023

Indices that increased in September were rent, owners’ equivalent rent, lodging away from home, motor vehicle insurance, recreation, personal care and new vehicles. What is happening in the housing market ? If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said.

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Housing Wire

MAY 31, 2023

housing market is not a monolith, so today we’re going to look at some markets where affordability is within the normal renter’s reach. In a study published this week, First American economist Ksenia Potapov analyzed the share of homes that are affordable to the median renter in any given market. But the U.S.

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Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Unlike site-built homes, which are always titled as real estate, over 40% of manufactured housing is titled as personal property (the same way a car is titled).

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Housing Wire

MARCH 19, 2024

Lenders can also license Polly’s raw data for use in tandem with existing in-house tools.

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Technology Contracts Insurance Government 421

Housing Wire

DECEMBER 1, 2021

years in prison — the maximum the federal government said it would seek — as well as three years of supervised release. As the housing market changes, so does lending fraud. Housing market conditions are changing in ways that may increase fraud risk and fraud schemes are becoming increasingly sophisticated.

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Housing Wire

MARCH 1, 2023

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

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Housing Wire

JUNE 23, 2023

CrossCountry Mortgage (CCM), the nation’s third-largest retail mortgage lender, unveiled its latest initiative this week that is aimed at helping first-time homebuyers overcome the financial hurdles of purchasing a home in today’s competitive housing market. 5000 list of America’s fastest-growing private businesses.

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Buyers Retail Loan Officers Insurance 370

Housing Wire

OCTOBER 24, 2022

The government mortgage insurer will shorten the seasoning requirement from six months to three months and allow issuers the option to pool re-performing loans into TBA-eligible Ginnie Mae II Multi-Issuer Pools. Creating a path to success in today’s purchase market. Presented by: Calyx.

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Housing Wire

SEPTEMBER 14, 2023

housing market is short by at least 6.5 The scarcity of housing has driven home prices and rents prices to an all-time high and pushed affordability to a multi-decade low. For local governments, ADUs can increase the number of tenants in areas where high-rise dwellings are not a desirable option. million homes.

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Housing Wire

AUGUST 31, 2022

His 15-plus years of career include three years at Home Point Financial, where he was promoted to senior managing director of enterprise risk and corporate governance and seven years at Black Knight Financial Services. In a tight housing market, Xactus said it aims to help customers close loans more quickly. .

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Housing Wire

NOVEMBER 11, 2021

Manufactured housing is a topic that has gained some steam on Capital Hill as of late, with the White House announcing earlier in the year that it intends to address the lack of affordable housing in the nation by upping the available supply of MH. How Freddie Mac is addressing affordable housing challenges.

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Housing Wire

APRIL 12, 2023

Indexes that contributed to the annual increase were food (+8.5%), motor vehicle insurance (+15.0%), household furnishings and operations (+5.6%), recreation (+4.8%), and new vehicles (+6.1%). Higher mortgage rates have slowed demand by pricing some would-be buyers out of the market,” Sturtevant said. compared to March 2022.

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Transportation Insurance Buyers Government 384

Housing Wire

JANUARY 18, 2023

Today’s housing market has many looking for ways to cash in their equity, especially older homeowners. A HECM is insured by the Federal Housing Administration (FHA) 2 and cannot be frozen or reduced at any time. The borrower simply needs to pay taxes, insurance and keep up to date on home maintenance.

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Insurance Design Clients Business 410

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Neal pointed to a government-subsidized rate buydown program launched in the 1970s, another period of high interest rates.

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Housing Wire

NOVEMBER 10, 2023

In September, government-insured FHA loans represented a little over 15% of U.S. Meanwhile, first-time homebuyers are facing real affordability challenges. FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. in April 2023. a year earlier.

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Mortgage Buyers Insurance Government 441

Housing Wire

APRIL 24, 2023

Roosevelt enacted the Federal Housing Administration (FHA) as part of the New Deal to provide small down payment home loans for working-class Americans. The relationship between diversity, economic growth, housing and GDP The housing market is large and varied. GDP, roughly $3 trillion. For decades, the U.S.

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Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

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Housing Wire

MARCH 7, 2024

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. government is forecasting that it will need to issue some $1.8

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Housing Wire

MARCH 8, 2024

From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000. The four-week moving average declined slightly by 750, to 212,250 Below is an explanation of how we got here with the labor market, which all started during COVID-19. percent, the U.S. Some college or associate degree: 3.1%

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Housing Wire

MARCH 11, 2021

The bill will send $1,400 direct payments to individuals making up to $75,000 annually, and allocates $350 billion in aid to state and local governments and $14 billion for vaccine distribution. Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI).

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Tenants Government Retail Law 545

Housing Wire

APRIL 26, 2023

Smart pandemic policies like this stabilized the housing market and, by extension, the economy when it was most needed, and today’s challenging market has emphasized the need for further policy reform as servicers expand their loss mitigation toolkits to keep homeowners in their homes.

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Insurance Mortgage Government Investors 384

Housing Wire

APRIL 4, 2024

The following day, Martin Gruenberg, chairman at the Federal Deposit Insurance Corp. FDIC), said during a general session at the same conference that the new CRA rule is about adapting the regulation to the “rapidly changing nature of the banking business” and making it “relevant for the next generation.”

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Housing Wire

DECEMBER 28, 2021

In fact, Paradise’s housing market, though constrained by unresolved wildfire litigation and issues like proper home insurance, even has the high-demand, low inventory problems of most other U.S. Prospective homebuyers must also consider the cost and availability of fire insurance.

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Insurance Realty Agents Construction 384

Housing Wire

MAY 10, 2022

In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). The Hill case is not a common occurrence in the world of housing finance, but it is far from rare. Some SAR filings may list multiple suspicious activities.

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Mortgage Marketing Finance Insurance 397

Housing Wire

JULY 26, 2021

The housing market is red hot. The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. And the National Association of Realtors reported that, for the first time in a generation, housing prices rose in each of the 181 metro areas it tracks at the end of last year.

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Mortgage Lending Real Estate Agent Government 504

Housing Wire

SEPTEMBER 6, 2023

The ICE — Black Knight merger creates the first end-to-end digital infrastructure that will reorder incentives and change how housing markets operate. Lenders will align with marketing and services partners to gain pricing power. These essential tools require a collective commitment.

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Supply Chain Real Estate Technology Mortgage 370

Housing Wire

OCTOBER 4, 2022

Each year, the HousingWire Vanguards represent an elite group of industry executives who are moving the housing market forward. Matic Insurance. Chief Information Security Officer and Vice President of Governance and Control. Enact Mortgage Insurance. Visionet Systems. Andy Pollock. Anchor Loans. Armando Falcon.

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Housing Wire

NOVEMBER 6, 2020

Government employment, however, fell by 216,000 – a stat that Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association , chocks up to the conclusion of the decennial U.S. Six months of expansion is good news, but the deceleration in the pace of improvement signals a slowdown,” Kushi said.

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Construction Housing Market Retail Business 346

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. On a forward-looking basis, you would expect you don’t have the same tailwinds as you did before.”

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Marketing Mortgage Investors Sellers 429