Housing Wire

JUNE 21, 2022

Despite rising interest rates , higher home prices and a drop in refinance volume , the American Land Title Association recorded $5.89 billion in title insurance premium volume during the first quarter of 2022, compared to $5.68 The title insurance industry had a record year in 2021 , generating $26.2 Doma Title Insurance Co.

Insurance 306

Insurance Home Value Contracts Marketing 306

Housing Wire

MARCH 13, 2024

Using a 1-10 scale, the portal displays current risk factors for a property as well as the expected change for each risk in 15 and 30 years, the length of a typical mortgage. 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.

Tools 441

Tools Insurance Home Value Technology 441

Appraisal Buzz

MAY 6, 2024

Does the cost of homeowners insurance affect the price of a home? 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. In some markets, the answer is increasingly yes.

HOA 366

HOA Insurance Legal Fees Valuation 366

Housing Wire

FEBRUARY 1, 2023

Building the future of mortgage servicing technology is about granular, nuanced innovation — knowing what changes must happen and when, and executing with no mistakes across scale operations where every tiny detail is highly regulated. and see the same data their customer is seeing.

Mortgage 473

Mortgage Technology Modernization Investors 473

Housing Wire

FEBRUARY 13, 2024

“As Americans continue to amass record levels of equity in their homes, they need tools that increase access and reduce stress, particularly as they struggle to manage high interest rates , inflation , personal debt, and other obstacles to reach their long-term financial goals.”

Investing 403

Investing Renovations Tools Real Estate 403

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

Housing Market 450

Housing Market Marketing Insurance Mortgage 450

Town & Country Residential Appraisals

DECEMBER 4, 2023

Insurance companies see these homes as risky, making it harder and more expensive to get coverage. How It Affects Your Home's Value Now, let's get to the point – how does knob and tube wiring impact your home's value? Upgrading your electrical system can make your home safer and more attractive to buyers.

Home Value 56

Home Value Insurance Buyers Modernization 56

Housing Wire

JULY 26, 2021

The roots of racial disparities in housing and mortgage markets run deep. Historic government institutionalized discrimination includes actions like “redlining,” where the Federal Housing Administration would refuse to insure mortgages in and around Black neighborhoods. Justice Department charges of fair-lending violations.

Mortgage 504

Mortgage Lending Real Estate Agent Government 504

Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. They own the home with their name on the title, as with any mortgage, traditional or reverse. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

Finance 458

Finance Real Estate Agent Real Estate Insurance 458

Housing Wire

MARCH 11, 2021

Finance of America Reverse will soon debut a hybrid product that combines elements of a reverse mortgage with a forward mortgage. The lender says it’s an innovative approach to servicing borrowers who are in retirement age but don’t qualify or wish to refinance into a long-term mortgage. Presented by: MCT.

Finance 397

Finance Mortgage Retail Home Value 397

Housing Wire

FEBRUARY 6, 2023

trillion mortgage servicing sector shouldn’t be “disrupted” by financial technology, it should be reimagined with fintech. Most new-to-mortgage fintech folks who overuse the word “disruptor” will start by asking, “What are your requirements?” In mortgage servicing, it’s not about “disruption” for the sake of sounding innovative.

Mortgage 383

Mortgage Investors Technology Modernization 383

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. Over the past 14 years, FHA has insured 9.1 million in mortgages valued at $1.7

Insurance 479

Insurance Home Value Mortgage Marketing 479

Housing Wire

MARCH 27, 2023

At a time of high mortgage rates and inflation, the federal government — along with government-sponsored enterprises — is understandably under pressure to lower costs and make homeownership more accessible. The title insurance industry continued to pay out claims, many fraud-related, despite a severe recession.

Insurance 306

Insurance Government Home Value Real Estate 306

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.

Home Value 78

Home Value Appraisal Real Estate Agent Tools 78

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.

Housing Market 370

Housing Market Insurance Marketing Renovations 370

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. Meanwhile, the piggyback HELOC, which provides an additional loan taken out on property alongside a first mortgage, is ideal for borrowers with less available for a down payment.

Home Value 384

Home Value Investing Insurance Mortgage 384

Housing Wire

MARCH 25, 2024

Fueled by a surge in mortgage rates , owning a home has become increasingly expensive. 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. from 2022 and up 40.8%

Insurance 450

Insurance Home Value Mortgage Marketing 450

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. million homes bought and sold in the U.S. According to data from Statista , there were roughly 5.95 last year.

Loan Officers 397

Loan Officers Real Estate Agent Real Estate Finance 397

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 410

Marketing Government Mortgage Sellers 410

Eppraisal

MARCH 3, 2023

Do you as a homeowners know the difference between a homeowner's insurance policy and a home warranty? With the increase in home values over the last couple years, you have a bigger investment to protect against hazards and defects. You will pay an annual premium for your homeowner's insurance.

Insurance 36

Insurance Home Value Legal Investing 36

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

Brokerage 410

Brokerage Real Estate Clients Insurance 410

Eppraisal

MARCH 1, 2022

One of the most important of these chores is to review the property insurance policy. Keep Track of the Term The typical term length for homeowners or hazard insurance is one year. Renewing the policy is the responsibility of the insured, not the insurer. Is the Level of Coverage Still Applicable?

Insurance 36

Insurance Home Value Design Mortgage 36

Housing Wire

JUNE 24, 2021

“According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer. 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.

Valuation 394

Valuation Real Estate Agent Real Estate Clients 394

Housing Wire

JUNE 10, 2022

“Affordability from a home price/down payment perspective is the worst it’s ever been, meaning extreme barriers to entry,” according to a Bank of America Global Research note published in March. For the past two years, mortgage rates were at historic lows, giving buyers more purchasing power. Compared to the average 3.2%

Real Estate 397

Real Estate Buyers Mortgage Insurance 397

Housing Wire

JUNE 29, 2021

The average home value for high hazard risk properties is $697,000, as compared to the neighborhood average of $773,000 dollars. With a nearly $75,000 gap, it becomes evident that homes in Otay Ranch at higher risk also have lower property values.

Home Value 321

Home Value Development Valuation Insurance 321

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.

Valuation 370

Valuation Appraisal Real Estate Insurance 370

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. Subtract your outstanding mortgage balance.

Appraisal 98

Appraisal Home Value Appraisal Process Insurance 98

Eppraisal

DECEMBER 28, 2021

Application: Because You Say So When a mortgage applicant sits down with a loan officer to formally request a home loan, the information conveyed is received in good faith, i.e. the lender's representative gives the prospective borrower the benefit of the doubt as far as representations go regarding income, employment, assets and home value.

Mortgage 68

Mortgage Home Value Insurance Loan Officers 68

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.

Valuation 221

Valuation Client Relationships Clients Inspection 221

Eppraisal

FEBRUARY 14, 2023

A Property Deed When you close on a home, you receive an official document called a deed. To get the deed, your mortgage lender will do a title search. Once you are the legal owner of the property, you can start enjoying the rising home values that homeowners have been enjoying over the past couple years.

Legal 69

Legal Insurance Sellers Real Estate 69

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.

Property Taxes 43

Property Taxes Home Value Insurance Renovations 43

Housing Wire

MARCH 26, 2024

Just for a moment, let’s imagine a world in which a person purchases a home shortly before a global pandemic. Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs.

Law 432

Law Real Estate Property Taxes Marketing 432

Realtor

NOVEMBER 16, 2017

As one tangible way to say “thank you for your service,” current and former members of the military have access to Veterans Affairs home loans. These unique mortgage options allow veterans and those still serving to own a piece of the American dream by potentially qualifying for homes they might have thought were out of reach.

Insurance 146

Insurance Appraisal Buyers Real Estate 146

AmeriMac

MARCH 1, 2024

Getting a mortgage for a home purchase is exciting but comes with financial responsibilities. Private mortgage insurance (PMI) is often required when the down payment is less than 20% of the purchase price. Mortgage lenders typically require it for loans with a down payment below 20% of the home’s purchase price.

Appraisal 36

Appraisal Insurance Appraisal Process Mortgage 36

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. But for most homeowners, PMI mainly represents an extra fee on their monthly mortgage statement.

Appraisal 52

Appraisal Renovations Insurance Home Value 52

Cleveland Appraisal Blog

OCTOBER 29, 2021

In appraisals completed for mortgage lending purposes, some lenders require that the total remaining life of a home not be less than the term of the mortgage. For instance, FHA requires that homes being funded FHA have a remaining economic life of at least the term of the loan. So, what’s an appraiser to do?

Appraisal 365

Appraisal Development Finance Lending 365

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?

Insurance 69

Insurance Legal Home Value Real Estate 69