Housing Wire

APRIL 29, 2024

The attorney general of Michigan has re-released a consumer alert about the reverse mortgage product category during financial literacy month. A reverse mortgage is a type of home equity loan extended, in most cases, to those who are 62 years of age or older,” the announcement stated.

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Mortgage Property Taxes Design Insurance 420

Housing Wire

JANUARY 31, 2024

This is according to experts who spoke to personal finance website Bankrate about the concept of taking on a new mortgage in retirement. Age information is collected at the time of origination, but only for Home Mortgage Disclosure Act (HMDA) purposes. 30-year mortgages were never meant to be for them. So she was approved.”

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Property Taxes Mortgage Design Finance 407

Appraisal Buzz

APRIL 29, 2024

Mortgage tax escrow payments for local property owners and government processors continue to serve as a crucial source of revenue for local governments. Among these payments, timely settlement of local property taxes holds particular significance.

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Property Taxes Local Properties Mortgage Government 195

Eppraisal

MARCH 8, 2024

Property ownership comes with various responsibilities, and one recurring financial aspect is the property tax bill. In this guide, we'll break down the components of a property tax bill to provide clarity on where your money goes and how you can make informed decisions regarding this significant financial obligation.

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Appraisal Buzz

MAY 20, 2024

The mortgage delinquency rate for residential properties increased to 3.94% of all loans in the first quarter, up 6 basis points compared with the fourth quarter, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

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Mortgage Property Taxes Insurance Inventory 195

Housing Wire

MARCH 21, 2024

More people seem to be aware of the potential utility that a reverse mortgage could provide for older homeowners, including as a tool to age in place and to provide greater cash flow in retirement. This is according to survey results published this week by WSFS Mortgage , a division of WSFS Bank. “[M]ost

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Mortgage Property Taxes Advertising Finance 417

Housing Wire

JULY 27, 2023

Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%.

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Mortgage Property Taxes Housing Market Buyers 366

Housing Wire

FEBRUARY 13, 2024

The state of California has extended the eligibility rules for its mortgage relief program, funded by the Homeowner Assistance Fund (HAF) allocation in the American Rescue Plan Act of 2021. In the latest extension, assistance is available to qualified homeowners who’ve missed at least two mortgage payments by Feb.

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Property Taxes Mortgage Design Insurance 372

Housing Wire

NOVEMBER 7, 2023

In many communities, homeowners and homebuyers have been hit with eye-popping property tax increases. And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I

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Property Taxes Home Value Government Buyers 541

Housing Wire

APRIL 21, 2023

It’s been delayed, but that’s not enough for the mortgage industry. “There is a reason the revised general Qualified Mortgage (QM) definition excludes the DTI ratio: Studies demonstrate that as a stand-alone measure, DTI is not a strong indicator of a borrower’s ability to repay.”

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Logistics Mortgage HOA Property Taxes 421

Eppraisal

SEPTEMBER 13, 2023

As homeowners, we're familiar with the annual ritual of receiving our property tax bill. We'll try to help by shedding some light on the various components that make up your property tax bill, providing you with a comprehensive understanding of what you're paying for. or more of your property's value.

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Property Taxes Government Law Insurance 36

Housing Wire

MAY 1, 2023

With a residential PACE loan, renovations are financed and are then paid back by the borrower as property tax payments to their local government, resulting in higher property tax payments for borrowers. “We are proposing new rules that would require sensible safeguards on these clean energy loans.”

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Property Taxes Renovations Finance Lending 370

Housing Wire

JANUARY 6, 2023

The mortgage servicing industry landscape is shifting. This can cause problems for servicers in instances where loans are acquired with unknown, pre-existing property tax delinquencies missed in the due diligence phase. This reduced the lender’s exposure to ‘loss of collateral’ on these properties.

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Property Taxes Clients Buyers Government 419

Inman

JULY 12, 2023

The deal raises the amount homeowners can exempt from the taxable value of their properties from $40,000 to $100,000, ensuring Texas will remain among the fastest growing states in the U.S.

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Property Taxes Marketing Mortgage 148

Housing Wire

JULY 31, 2023

“In the proposed rule, the Bureau correctly recognizes that PACE financing fundamentally acts as mortgage credit, yet is provided by underregulated or unsupervised entities that often exploit the lien priority granted to tax assessments,” one of the letters said. “As

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Property Taxes Renovations Finance Mortgage 363

Housing Wire

NOVEMBER 14, 2023

Wells Fargo and information services company CoreLogic partnered on real estate tax processing operations to enhance risk management, compliance and customer experiences in the mortgage servicing sector. A total of $152 billion in property tax payments were processed through the portal in 2021 and about 80% of U.S.

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Real Estate Property Taxes Tools Property Management 427

Housing Wire

AUGUST 11, 2020

CoreLogic has invested more than $35 million into its DigitalTax Platform over the last three years, providing customers with a unified and consistent view of property tax data across the mortgage ecosystem. This has been a huge benefit to the company’s tax collector partners as well as its customers.

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Mortgage Property Taxes Technology Development 384

Will Springer Realtor

MARCH 15, 2022

Don’t look now but something else is about to cost you more – property taxes. Homeowners in King County – or the lenders paying their mortgage – recently received notices in the mail about the assessed value of their property. This figure will help adjust their property tax next year. That’s quite a gap.

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Property Taxes Marketing Contracts Government 62

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

OCTOBER 21, 2022

As mortgage rates continue to rise, originations are not the only side of the industry affected. The most basic thing that we’re seeing right now is mortgage rates increase and payoffs decrease because of fewer opportunities to refinance a loan,” said Eric Friedman, managing director of Servicing at Acra Lending.

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Mortgage Investors Lending Property Taxes 367

Housing Wire

DECEMBER 22, 2020

The mortgage application process can be a confusing one — especially if you’ve never gone through it before. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. Are you planning to buy a home in 2021?

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Mortgage Property Taxes Loan Officers Sellers 421

Will Springer Realtor

MARCH 7, 2023

The state requires that county assessors inspect every property at least every six years to maintain accurate information about the parcel and structures. Local governments are limited to a 1% annual increase in property tax revenue regardless of changes in property values – but there is a catch. overall increase.

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Property Taxes Market Value Real Estate Government 36

Housing Wire

APRIL 25, 2022

In Spokane, Washington, a mortgage loan officer at a regional bank has seen five borrowers qualify for a mortgage for one amount, only to have that number slashed a few months later. The culprit is property tax bills, which arrived on April 1, bearing property tax increases driven by fast-rising home prices.

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Property Taxes Government Appraisal Valuation 410

Housing Wire

FEBRUARY 15, 2024

Older Americans also have financial incentives attached to staying in their homes, since 54% of the baby boomer cohort own their homes free and clear without making monthly mortgage payments.

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Property Taxes Insurance Construction Inventory 466

Housing Wire

JANUARY 8, 2024

The presiding judge in the ongoing bankruptcy case of Reverse Mortgage Funding (RMF) has approved a stipulation that would resolve an administrative claim made against the company’s estate by reverse mortgage servicing company Celink , authorizing both companies to consummate the agreement.

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Law Property Taxes Legal Mortgage 408

Housing Wire

JULY 7, 2023

In addition, the funding has reached a greater number of economically vulnerable people than it did prior to the federal mortgage relief efforts. “As A $10 billion allocation was made for the program, but mortgage servicers previously stated that spreading awareness about the program has been a challenge.

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HOA Property Taxes Design Insurance 370

Housing Wire

DECEMBER 14, 2023

The borrower’s largest life-of-loan costs are the property taxes and recording fees paid at closing plus the accumulated cost of annual property taxes paid over the life of the loan. The choices are complex and the “mortgage math” can be hard to comprehend.

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Insurance Property Taxes Buyers Investors 431

Housing Wire

MARCH 20, 2023

on Monday announced that Frontwave Credit Union will now implement Empower, Black Knight’s cloud-based loan origination system, and its integrated solutions, for the expansion of its mortgage lending operations. Black Knight, Inc. The LOS accounts for about 10-15% market share.

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Tools Property Taxes Real Estate Agent Technology 359

Housing Wire

OCTOBER 5, 2022

ATTOM, a curator of real estate land and property data, on Wednesday announced that its platform has integrated loan originator data from the Nationwide Multistate Licensing System & Registry (NMLS). He said the NMLS product can help clients grow their revenue and “greater” market penetration.

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Property Taxes Loan Officers Real Estate Clients 370

Housing Wire

JANUARY 8, 2021

Mortgage Broker Fee . Closing costs include a commission fee that brokers charge at the end, of the mortgage process, which is why homeowners are encouraged to shop around for the right mortgage broker. Here’s what to expect in the mortgage application process. Property Tax. Homeowner’s Insurance.

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Property Taxes Insurance Real Estate Mortgage 528

Inman

MAY 2, 2023

PACE loans can burden homeowners with higher property tax bills that heighten the risk they'll get behind on their mortgages, federal regulators say.

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Property Taxes Mortgage Home Improvement Finance 153

Housing Wire

MAY 23, 2023

Among mortgage brokers, Cohen ranked first. Once you get over the $5 million threshold, there’s this oversupply, and the psychology of property tax is having a real negative effect on the market. I would say maybe 10 to 15% of the deals are investment property deals. Cohen funded $751.4

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Marketing Mortgage Inventory Loan Officers 378

Housing Wire

DECEMBER 3, 2020

The bill is expected to add $2 billion to California’s coffers annually, and homeowners with disabilities, seniors looking to move for health reasons, and empty nesters looking to downsize could receive property tax breaks when buying a new home, CAR officials said. The state’s going to make a lot of money.”.

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Property Taxes Realtors Law Inventory 385

Housing Wire

MARCH 10, 2022

How much does a typical low-income first-time homebuyer with a Fannie Mae -backed mortgage bring to the closing table? The typical low-income first-time homebuyer with a Fannie Mae-backed mortgage also has a 747 credit score, the research paper shows. In 2020, about 4% of Fannie Mae-acquired purchase loans went to Black borrowers.

Property Taxes 428

Property Taxes Lending Insurance Local Properties 428

Inman

JUNE 6, 2023

High property taxes in Texas have in the past canceled out some of the state's affordability advantages. But political leaders are looking for ways to reduce homeowners' tax burden.

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Property Taxes Marketing Mortgage 155

Housing Wire

JULY 11, 2022

The mandatory 0% tolerance fees are paid to the creditor, the mortgage broker, or an affiliate of either party. Black Knight, which has agreed to be bought by rival ICE Mortgage Technology in a deal v alued at $13.1 The Mortgage Bankers Association (MBA) projects about $2.4 trillion in 2021.

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Tools Property Taxes Loan Officers Inspection 369

Housing Wire

MARCH 1, 2024

While mortgage rates will likely fall this year, conversations about how to increase accessibility to homeownership are still top of mind — and should be top of mind — across the real estate industry. According to NAR , elevated home prices , mortgage rates and a limited supply of homes are the top barriers to homeownership.

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Insurance Property Taxes Real Estate Sellers 424