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.” One of the reasons that boomers may be having these challenges could come down to restrictive land-use policies, according to the article. Older homeowners are also struggling with rising insurance premiums , particularly if they’re still paying off forward mortgages.
Why is homeowners insurance so expensive in the Upper Midwest? The growing prevalence of extreme weather events and the high cost of construction are pushing property insurers to significantly raise their prices , even in places you might not expect. In Florida , it’s hurricanes,” the article explained. “In
Health care information and caregiving marketplace website Care.com published an article that examines several practical ways that someone could choose to finance their long-term care (LTC) goals. The reverse mortgage industry has aimed in recent years to position itself as a potential avenue to fund LTC directly or pay for LTC insurance.
This is according to a syndicated article originally published by the Daily Yonder , a national news publication focusing on stories from rural America. But the potential value for older homeowners is not strictly monetary, the article said.
Shannon Foglia Brandy was pretty certain she wanted a career in public relations, but after a summer internship before her senior year at Bryant University, she began considering a career in the field of title insurance. “I But as a woman in her mid-20s, Foglia Brandy is something of an anomaly in the title insurance industry.
Users can enter a potential home price, down payment, interest rate, loan terms, property taxes, insurance costs, and homeowners association (HOA) fees. Zillow also provides articles and resources alongside assistance options — including options unaffiliated with Zillow Home Loans.
Related articles Real estate broker vs. an agent? Obtain insurance Most states will require you to carry both liability insurance and errors and omissions (E&O) insurance for your brokerage. Related article The best real estate coaching programs for 2025 3. The terms used vary by state.
Check out The CE Shop Related articles The CE Shop Review: Features, pricing and pros & cons The best online real estate school for every learning style & budget The next official step is to take the exam, but don’t forget to complete some practice exams first! After agents have partnered with a brokerage, it’s time to get to work.
This article is part of our HousingWire 2022 forecast series. One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies.
“As of October, there were nearly 9,000 people on the waiting list for an HCBS (Home and Community Based Services) program that provides services to adults 60 and over, according to the Indiana Family and Social Services Administration,” the article stated.
This article originally appeared in the January 2025 edition of MortgagePoint magazine, online now. According to a survey of 783 title insurance entities nationwide conducted by ALTA and NDP Analytics, 28% of title insurance companies reported at least one SIF attempt in 2023, and 19% reported an attempt during the month of April 2024 alone.
The checklist covers such broad areas and topics as: organizational structure; litigation; compliance ; intellectual property; real property; financial and tax; labor and employment; material, vendor, and software contracts; insurance; and customers. Patent & Trademark Office.
In this recent article , I explain why we won’t build millions of new homes anytime soon. That’s because the South is also dealing with higher property taxes, higher home insurance costs , and a lack of migration; all three have made their markets softer than other parts of the U.S.
This article was reposted with permission from Ramsey Solutions. The article originally appeared on the Ramsey Solutions Articles page. See original article here. A 20% down payment is ideal because youll avoid paying private mortgage insurance (PMI). You have a down payment. Just be prepared to pay PMI.
This pattern among seniors living in and around Fort Lauderdale was recently profiled in an article in the South Florida Sun Sentinel. employed in Fort Lauderdale,” the article stated. As the cost of living remains elevated, more seniors — even those in “senior strongholds” like South Florida — are choosing to return to work.
Soon after the Department of Housing and Urban Development released its Mutual Mortgage Insurance fund report, housing finance and policy experts opined on whether the Federal Housing Administration (FHA) should lower the fees it charges borrowers. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis.
The storm comes at a time when Florida homeowners are already dealing with rising insurance premiums and even the potential loss of coverage as insurers face heavy financial losses and closures. A report released earlier this year by S&P Global found that homeowners insurance rates in Florida rose by 43% from 2018 to 2023.
As home prices rise and property taxes and insurance bills soar, it’s become ever more difficult to age in place,” the article stated. “As That has created incentives for both retirees who want to stay in their homes and domicile seekers who need affordable places to rent,” the article stated.
Hladik, Chair, Legal League This article originally appeared in the March 2025 edition of MortgagePoint magazine, online now. We aim to see each member firm join our committees, attend our events, submit articles for our publications, and fully enjoy the many benefits of being part of Legal League.
class hours minute exam questions passing grade Related articles 6 best real estate schools in Colorado for 2025 How to get a Colorado real estate license in 8 steps Next, I’ll detail the steps to get a real estate license in Colorado. Many brokerages offer a group E&O insurance policy and others may have additional requirements.
In this article, you’ll find nine tried-and-true ways to start and grow your real estate referral business. Related article Real estate referral fees: The ultimate guide for 2024 9 savvy strategies to get more real estate referrals A note on mindset. Related article Peer-to-peer networking for real estate professionals 5.
Last year, National General Lender Services published an article highlighting that secondary perils, such as severe convective storms, wildfires, and river floods, are significantly impacting the insurance industry. The most significant change to the insurance code is Senate Bill 2A, signed into law in December 2022.
In this article, we break down exactly what closing costs are so you’re prepared when you start shopping for a home: What are closing costs? If your loan is insured by the Federal Housing Administration, the FHA charges an upfront premium of 1.75% of the loan amount. Homeowner’s Insurance. Title Insurance.
Cost and efficiency potential Earlier this year, an article in Smithsonian Magazine took a closer look at the potential for 3D-printed homes. The opportunity is there, the article explained, as the speed of the technology outpaces traditional methods and costs are beginning to fall.
But Kelly made clear that the only way HomeServices can make money is through mortgage, and through a lesser extent, to providing title insurance. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day.
Additionally, unless there is “specific insurance coverage for stolen funds and all requirements to coverage in an insuring contract are satisfied, a claim for damages will be denied.”
This is according to Sandra Block, a personal finance editor at Kiplinger , in an article about navigating retirement hurdles and the considerations that go into later-life spending. Seniors often use proceeds from the sale of their homes to pay for care in an assisted-living facility or nursing home,” the article reads. “If
This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. This setup lets a consumer compare quotes from several insurers, including Progressive, with only one click. billion U.S.
Willison, vice president at Arch Mortgage Insurance Company , to walk attendees through the process of creating a successful content strategy. I work with you and the folks at HousingWire, many times on what I would call PR content, contributed articles, or maybe story ideas, that sort of thing.
In this article, we’ll explore practical ways title companies can leverage AI to stay competitive in a fast-changing landscape, offering actionable tips to help you integrate these emerging tools responsibly and efficiently. Many title professionals are asking how AI can be used safely and effectively to improve daily operations.
For more than two years, a storm has been brewing in the title insurance industry. As part of the settlement, the firms agreed to end the practice of giving real estate agents consideration for the referral of title insurance business, and they will cease their title insurance operations in Washington, D.C., Although the D.C.
The White House on Thursday nominated Christy Goldsmith Romero as chair of the Federal Deposit Insurance Corp. By nominating an individual to the FDIC Board who lacks state bank supervisory experience, the White House, once again, has ignored the requirements of the Federal Deposit Insurance Act,“ Lawson said.
As discussions of cybersecurity and wire and title fraud risks continue to increase, so does the cost of cyber insurance. Per Insurance Insider’s examination of Beazley’s Cyber book, “U.S. Insurers are raising rates to levels that make it hard for businesses to find affordable coverage.”
A homeowners insurer trade group, which has mounted successful legal challenges of the standard in the past, said it sees no reason the rule should apply to its industry. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. This content is exclusively for HW+ members. Become a member today. Already a member?
Editor’s note: This is the fifth in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. Once negotiations were settled and my mortgage was accepted, the final step was to obtain title insurance.
The article noted that the growing senior population in the U.S. Data from insurance provider Genworth Financial shows that at-home care is less expensive than other options such as a nursing home. My father wanted there to be something left when he passed,” his daughter told the Journal. “I I had to try to avoid the conversation.
Articles about rates, housing inventory and inflation were among our most popular, including: Purchase mortgage rates fall same week as Fed rate hike New home sales make it clear, housing is in a recession The nation’s housing market is on a correction course.
This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Stay tuned for updates.
Author’s Note: This article is written to help real estate appraisers better understand errors and omissions insurance. And so on … The technical jargon of the insurance industry can be confusing to lay people. And so on … The technical jargon of the insurance industry can be confusing to lay people.
With taxes and insurance, most buyers today are approaching $3,000 or more Pricing accurately is paramount “Pricing is the absolute number one, most important factor when somebody sells their home,” Robert Andert, a real estate agent on The Minnesota Real Estate Team , told HousingWire in an interview in July. ”So
The vast majority of Realogy’s operations are tied to sales commissions, service fees from title insurance and fees collected from franchise affiliates that use one of the Realogy brand-names. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. This content is exclusively for HW+ members. Become a member today.
In this article, we’ll examine four effective strategies to help you navigate these challenges and prepare your team for the changing housing market. For instance, a blending training program could include in-person sessions on the fundamentals of title insurance , followed by online modules that reinforce and add context.
Spotlight PA, a nonprofit news site that covers the Keystone State, highlighted efforts to help seniors in an article published this week. Data from insurance provider Genworth Financial was provided to show the financial benefits of aging in place.
CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans. Take a look at some of the most recent press – The New York Times published an in-depth article in April 2022: “Reverse Mortgages Are No Longer Just for Homeowners Short on Cash.”. Not tax advice. Consult a tax professional. †
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