Housing Wire

DECEMBER 27, 2022

In recent months, the canary has been chirping with far less exuberance as inflation (now above 7% annualized ), rising mortg a ge rates , declining home values and the potential of faster-rising unemployment spurred on by a potential recession in the coming year all grip the FHA sector. Over the past 14 years, FHA has insured 9.1

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Housing Wire

JUNE 29, 2021

events for the most recent five years, and three times the average of 7.1 events for the past 40 years. But what effect does climate change have on real estate—or, specifically, on a home’s property value? This is nearly 150% more than the average of 16.2 A Closer Look: Otay Ranch.

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Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

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Housing Wire

JULY 8, 2024

Prior reporting does not specify if the home was indeed sold at the time the final borrower died, nor is it specified if the reverse mortgage in question is FHA-sponsored or a proprietary alternative.

Mortgage 430

Mortgage Design Architecture Market Value 430

Appraisal Buzz

NOVEMBER 13, 2024

We have expanded our team member training to [include talking to customers] about their home value and equity if the customer truly can no longer afford the home and none of the retention options are available or appealing to the customer. We again believe customer education is the best way to reduce risk.

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Mortgage Technology Clients Tools 410

Realtor

NOVEMBER 16, 2017

No mortgage insurance. Most conventional buyers have to pay private mortgage insurance if they put less than 20% down. FHA loans come with their own forms of mortgage insurance. But a VA loan waives that insurance requirement. Title insurance. And trust us—this one’s important. Limited closing costs.

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Insurance Appraisal Real Estate Buyers 146

Assurance Financial

NOVEMBER 9, 2021

In some cases, you may have to take out several loans or pay for something called private mortgage insurance (PMI). Read on to learn more about how private mortgage insurance can allow you to purchase a home, even if you don’t have enough resources to make a standard down payment. What Is Mortgage Insurance on a Home Loan?

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Insurance Mortgage Home Value Finance 41

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?

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Insurance Home Value Design Mortgage 36

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. Once the house is free and clear, its full value is at the disposal of the owner. Who Gets First Dibs? What are their options?

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Insurance Legal Home Value Real Estate 69

Realtor

NOVEMBER 16, 2017

No mortgage insurance. Most conventional buyers have to pay private mortgage insurance if they put less than 20% down. FHA loans come with their own forms of mortgage insurance. But a VA loan waives that insurance requirement. Title insurance. And trust us—this one’s important. Limited closing costs.

Insurance 78

Insurance Appraisal Real Estate Buyers 78

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

Empire Appraisal Group

OCTOBER 17, 2024

Before you start your next project, consider these tips to help you avoid costly home renovation mistakes. Not reviewing homeowners’ insurance coverage It’s important to determine how much homeowners insurance you need for your unique circumstance. Request a portfolio documenting the professional’s previous projects.

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Appraisal Today

JULY 26, 2024

Other recent appraisals of the same property had steadily increased in value, yet this appraisal resulted in a dramatic drop, despite the Denver market experiencing substantial growth in home values at that time. Not surprisingly, they are among the states with the highest insurance premiums in the country.

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Appraisal Valuation Reconsideration of Value Contracts 85

Eppraisal

AUGUST 16, 2022

This movement in home value is inhibiting would-be buyers from looking, even driving others off the home search path altogether. As of July of 2022, applications for home financing -- especially refinances -- sit at a 22-year low. In scenarios like this, the good borrowers must sadly pay for the unreliable ones.

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Home Value Advertising Finance Government 36

Appraisal Today

MARCH 22, 2024

Cybersecurity Tips – The fraud event listed in the January Fraud Alert was uncovered when one of the two appraisers whose credentials had been forged, was contacted about an appraisal they had not performed. It can impact home values, insurance costs, and the overall stability of a housing market.” “The

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Appraisal Contracts Business Insurance 69

Quicken Loans

APRIL 6, 2021

Condo owners also tend to spend less on property taxes and insurance because there is less square footage, and owners do not have to pay taxes or insurance on the rest of the building or complex. Some condos even go all-out, enticing future home buyers with screening rooms, bowling alleys and rock-climbing walls.

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HOA Finance Property Taxes Buyers 64

Will Springer Realtor

APRIL 10, 2024

INSURANCE FOLLOW-UP The top item in last month’s newsletter struck a chord with readers. Insurance companies may argue, however, that the costs are simply increasing along with home values. in homeowners insurance premiums for every $1000 of their home’s value in 2022. per $1000 of value.

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Real Estate Buyers Sellers Insurance 36

PennyMac

OCTOBER 11, 2023

Future Plans Even if you’re comfortable in your home right now, do you foresee life events on the horizon that may lead to things getting cramped? Anticipate Costs Try your best to forecast the additional costs of a bigger home. For example, will you want to entertain, maybe have a pool, how much yard would you like to manage?

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Transportation Real Estate Investing Mortgage 68

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). In this scenario, the bank failures can be a positive for sellers and home value since more purchasers are shopping.

Lending 28

Lending Housing Market Marketing Real Estate 28

PennyMac

DECEMBER 23, 2020

There can be several factors or national economic events that come into play, but essentially the main influences on the Fed’s decisions are the employment rate, inflation and any resulting projections about the long-term health of the economy. What causes the Fed’s rate decisions?

Mortgage 36

Mortgage Lending Loan Officers Home Value 36

Will Springer Realtor

AUGUST 9, 2022

Insurers are increasingly exposed to the climate crisis and are currently under-charging premiums by about 58% to at-risk property owners, the report states. or 4% of the population – live in high-flood-risk areas, but FEMA maps used by the insurance industry are often out of date, including 11% of them last updated in the 1970s and ‘80s.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

NOVEMBER 12, 2021

As home values rise, low-income households already on the margins of affordability are being priced out of homeownership in urban areas such as Seattle, where median prices have jumped 37% (and 52% countywide) over the past five years. Some parts of the U.S. – for example, across most of New England – mandate inclusionary zoning.).

Law 36

Law Inventory Real Estate Government 36

Housing Wire

NOVEMBER 21, 2024

After years of stops and starts, housing trade groups are urging Congress to pass a long-term extension to the National Flood Insurance Program. Image generated by AI in Midjourney) It is unsurprising that the National Flood Insurance Program (NFIP) is yet again up for renewal in a little over a month’s time.

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Insurance Housing Market Buyers Government 370

Housing Wire

OCTOBER 25, 2024

Global events destabilizing the world’s oil supply could kick inflation back into high gear and make the FOMC’s QE and QT campaigns fail. Insurance demand for non-QM RMBS resulted from the convergence of more than one event coinciding. For insurance companies, this is the non-QM space. Find an alternative!

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Supply Chain Investors Insurance Lending 468

Housing Wire

NOVEMBER 11, 2024

In order of least to most impactful, the 2025 list includes the price expectations gap, office vacancies and the tax base, sustainability, artificial intelligence, housing attainability, insurance costs, geopolitics and regional wars, loan maturities and debt repricing, the cost of financing and global and U.S. 8 spot on CRE’s list.

Real Estate 418

Real Estate Insurance Supply Chain Buyers 418

Appraisal Today

OCTOBER 25, 2024

The complaint alleges Mykhailyna used sales from distant, majority-Black areas, ignoring closer sales, and undervalued the property by over $200,000 compared to an appraisal less than a year earlier, despite rising home values. After the homeowner raised concerns of discrimination, Rocket Mortgage canceled the refinance.

Appraisal 79

Appraisal Contracts Real Estate Mortgage 79

Housing Wire

FEBRUARY 5, 2025

While both nations share climate vulnerabilities, distinct regional risks pose challenges for property values and mortgage lending. Property values: Impact and implications U.S. property values are increasingly affected by severe climate events. following major wildfire events.

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Valuation Insurance Real Estate Lending 390

Appraisal Today

FEBRUARY 7, 2025

Newz: Waivers Increasing, The New URAR: Markets vs. Neighborhoods, Climate Change and Home Values February 7, 2025 Whats in This Newsletter (In Order, Scroll Down) LIA AD: Should I consider this an actual claim? I have not seen discussions on the future of home values in risky areas. I am too far away to be at risk.

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Home Value Appraisal Contracts Mortgage 53

Housing Wire

DECEMBER 26, 2024

The reverse mortgage industry has had an eventful year, and the National Reverse Mortgage Lenders Association (NRMLA) stands ready for yet another year of change according to Steve Irwin, its president. For the right individuals at the right time and under the right circumstances, that is the FHA-insured HECM program, he said.

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Lending Home Value Insurance Mortgage 397