Housing Wire

NOVEMBER 2, 2021

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan.

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Appraisal Buzz

MAY 6, 2024

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.

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Housing Wire

JUNE 7, 2024

For example, when looking at the level of mortgage debt in Q1 2024, there are 111,000 homes that would move back into a positive equity position if home values rose by at least 5%. Conversely, 153,000 homes would fall underwater if values declined by 5% or more. of homes underwater) and Texas (1.7%

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Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We mortgage insurance market in 2023 to deteriorate.

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Housing Wire

MARCH 13, 2024

The cost of homeowners insurance policies has skyrocketed in the past two years as U.S. insurers have grappled with exponential growth in natural disaster claims. homes, valued at $19.7 homes, worth $13.6 of homes in the U.S., valued at nearly $7.7 And about 9% of homes, valued at nearly $6.6

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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

NOVEMBER 3, 2023

The process of finding, buying and owning a home today is disjointed, antiquated and messy. homegenius Real Estate understands the need to deliver differentiated value in a very congested market. Geniusprice, an automated and instant home value estimate driven by AI, advanced machine learning and homegeniusIQ.

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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. So, while the rate of home-price gains is trending downward, home values are still appreciating overall.

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Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. Rick Sharga, executive vp of marketing at realtytrac.

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Housing Wire

JANUARY 17, 2024

This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! 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.

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Housing Wire

MARCH 5, 2024

The federally insured reverse mortgage known as a Home Equity Conversion Mortgage (HECM) is unique, as are the rates that impact the HECM product. For this reason, I will provide a short monthly educational focus, followed by a summary of the HECM rate market. Why are there two HECM interest rates used with HECM loans?

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D Fritz Appraisals

SEPTEMBER 19, 2019

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

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Lamacchia Realty

DECEMBER 20, 2022

Property Insurance Reform in Florida Sets Out to Stabilize Market. Governor DeSantis signed two new bills which support disaster relief and overhauls Florida’s home insurance , for which rates have risen to the highest in the nation, with $4,232 as the average Florida premium- nearly triple the nationwide average.

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Housing Wire

MARCH 27, 2023

The title insurance industry continued to pay out claims, many fraud-related, despite a severe recession. According to Politico , Fannie Mae would waive title insurance requirements for certain transactions under the pilot program. This is because title insurance provides the most comprehensive protection of property rights.

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Housing Wire

AUGUST 24, 2022

Top wholesale lender United Wholesale Mortgage (UWM) is the latest originator to join the resurgent home-equity lines of credit (HELOC) market. UWM’s products announced Wednesday are available on primary and second home loans, with loans up to $350,000, according to the company’s website.

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Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years.

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Housing Wire

MARCH 25, 2024

According to a Freddie Ma c housing and mortgage market report released Monday, while mortgage payments remain the primary pressure point for homeowners, insurance costs are emerging as a growing burden. Homeowners insurance costs, though still much smaller than mortgage principal and interest payments, are on the rise.

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Housing Wire

APRIL 9, 2021

. “We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) , said in an interview with HousingWire. Once the home sells, the homeowner receives the full proceeds.

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Housing Wire

JULY 26, 2021

The housing market is red hot. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price. The roots of racial disparities in housing and mortgage markets run deep. As with many industries, the mortgage-lending market has increasingly moved online.

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Housing Wire

MARCH 26, 2024

Then, the housing market takes off like a rocket with home values exceeding all expectations. The home equity prison Does this scenario sound familiar compared to the situations of the homeowners that you are encountering lately in your real estate business?

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Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. Early pilots have shown Buyside’s predictions to be 5x better than other published approaches.

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Housing Wire

JUNE 29, 2021

Properties in the same neighborhood were used to serve as a control for value differences between different markets. The average home value for high hazard risk properties is $697,000, as compared to the neighborhood average of $773,000 dollars. The post Are higher-risk homes cheaper?

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Housing Wire

JUNE 10, 2022

Because homeownership is traditionally considered one of the surest routes upward in a socially mobile society and the primary means by which Americans accumulate wealth, the inability to buy a home puts much more than just the real estate market in jeopardy. Americans feel the same way. That’s up 10 percentage points from early 2018.

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Housing Wire

APRIL 24, 2023

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. Less demand for homes will cause home values to drop in many neighborhoods.

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Appraisal Buzz

MAY 31, 2021

By requesting a second appraisal report, removing race from the equation, and subsequently receiving a higher value estimate for their home, in her mind , the wife’s suspicion was validated. These color codes were designed to indicate where it was safe to insure mortgages. The answer…. First, a little bit about history.

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Town & Country Residential Appraisals

AUGUST 14, 2023

If you have not purchased or refinanced recently, your homes value might have changed from where you thought it was just 12 -18 months ago. Knowing the value of your home can be important for many reasons of which, here are a few: Financial Planning The value of your home is a significant component of your overall net worth.

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Housing Wire

MARCH 11, 2021

Join expert panelists to review current MSR market trends and strategies to optimize your portfolio. She also noted that the borrower is still responsible for taxes and insurance for the duration. ” The EquityAvail product is a non-recourse loan, which means the borrower or the heirs will not owe more than the home’s value.

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Housing Wire

JUNE 30, 2021

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

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Appraisal Buzz

JULY 18, 2022

Assuming a $250,000 loan was committed on December 31, 2021, your monthly payment was approximately $1,007 exclusive of escrow for real estate taxes and insurance. Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. Another trend to be aware of is the days on market metric.

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Premier Home Appraisal Blog

MAY 30, 2023

My home appraisal saved me money! Are you tired of paying for private mortgage insurance (PMI) every month? PMI is typically required when you put down less than 20% on the purchase of a home, but once you reach the equity threshold of 20%, you may be eligible for PMI removal. You can remove it and save thousands of dollars!

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Housing Wire

FEBRUARY 6, 2023

Since then, we’ve continued to add the best minds in fintech and servicing operations to help servicers identify operational opportunities, build systems that can adapt in real-time to policy making and markets and superpower the servicing operators who serve homeowners, regulators and investors.

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East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. Many agreements wait until the loan has reached 78 percent of the home's value to automatically cancel PMI.

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Eppraisal

MARCH 29, 2022

Among the diverse assets seniors can pass on is the familial home. In many cases, this property is mortgage-free and home values are high in a tight, sellers' real estate market. This coverage can pay for services administered in the home or in an institutional setting. Who Gets First Dibs?

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Town & Country Residential Appraisals

DECEMBER 5, 2022

PMI, private mortgage insurance, is required to be used when a homebuyer uses a conventional loan and the down payment is less than 20%. There are different rules for FHA and VA loans, so we will only be addressing mortgage insurance for conventional loans in this article. What is PMI?

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Eppraisal

APRIL 21, 2023

Depositors are compensated -- in part or in full -- by the Federal Deposit Insurance Corporation (FDIC) or, in the case of a failed credit union, the National Credit Union Administration (NCUA). How Do Bank Failures Affect the Real Estate Market? Such financial catastrophes create an air of uneasiness and concern across many markets.

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Empire Appraisal Group

JUNE 16, 2022

Census Bureau data and moveBuddha proprietary data, as well as Zillow’s Home Value Index and Florida Housing Data. This week, state legislators meet for a Special Session on property insurance in hopes of clearing policy to stabilize Florida’s skyrocketing property insurance market, another effort to decrease costs for residents.

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Eppraisal

NOVEMBER 22, 2022

Students -- non-traditional and international college students frequently lack the financial resources to meet the demands of market rents. First of all, the investor must tally up the operating expenses: mortgage, taxes, insurance, utilities, maintenance, landscaping plus any fees due and payable to the local authorities.

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