Housing Wire

OCTOBER 9, 2024

The challenges that higher costs place on carriers, regulators , lenders and consumers has been well documented this year, and the acceleration of extreme weather events has only made things worse. And it raises questions about how more of these events could impact the mortgage industry. That’s no longer the case. “I

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Insurance Mortgage Property Taxes Construction 459

Housing Wire

JUNE 4, 2024

senator recently described a hardship faced by a constituent who endured challenges with higher flood insurance costs while keeping a reverse mortgage in good standing. And Cassidy shared another story of a constituent with a reverse mortgage on his home. With flood insurance premiums commanding ever-higher prices, a U.S.

Insurance 448

Insurance Mortgage Property Taxes Modernization 448

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.

Property Taxes 431

Property Taxes Mortgage Design Insurance 431

Housing Wire

DECEMBER 6, 2024

Some popular real estate newsletter content includes: Market updates Featured listings Industry news Local news Community events Agent profiles Investment opportunities No matter what content you choose to include, your real estate newsletter should serve as a meaningful touchpoint that continuously builds your client relationships.

Real Estate 397

Real Estate Clients Tools Sellers 397

Housing Wire

JUNE 18, 2024

The actions were taken against Pittsford, New York-based Sutherland Global and Landover, Maryland-based NOVAD Management Consulting , which together formed a Home Equity Conversion Mortgage (HECM) servicing operation on behalf of the U.S. Department of Housing and Urban Development (HUD).

Contracts 448

Contracts Property Taxes Government Law 448

Housing Wire

OCTOBER 21, 2024

Mortgage rates, rental patterns, homeownership dreams, and housing trends across the country are all seemingly colliding in ways that create both opportunities and uncertainties. The average cost of owning a home, beyond the mortgage payment, is approximately $18,000 per year, according to a recent study by Ally Financial Inc.

Real Estate 493

Real Estate Marketing Insurance Property Taxes 493

Housing Wire

OCTOBER 9, 2024

“Rules of the Game,” a popular interactive session from past annual meetings of the National Reverse Mortgage Lenders Association (NRMLA), returned in 2024 to the San Diego event that took place at the end of September. These include property taxes , homeowners insurance and — if applicable — homeowners association (HOA) fees.

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HOA Legal Property Taxes Mortgage 432

Housing Wire

OCTOBER 10, 2024

Similar to past experiences, Hurricane Helene may lead to 5% of mortgage borrowers in affected areas becoming delinquent but eventually self-curing over the next 12 months, according to a Bank of America (BofA) analysis. billion, a total that includes residential and commercial properties. This includes 17.6% in Georgia, 0.6%

Insurance 375

Insurance Inventory Property Taxes New Listings 375

Housing Wire

JANUARY 3, 2024

Reverse mortgage servicing company Celink is seeking the dismissal of a lawsuit alleging that it had added unlawful servicing fees to reverse mortgage loans alongside now-bankrupt lender Reverse Mortgage Funding (RMF). In response to the recent recommendation by a magistrate judge against the dismissal of Dancy-Wilkins v.

Legal 457

Legal Property Taxes Design Mortgage 457

Housing Wire

DECEMBER 4, 2024

After hitting a historic low point in 2023, mortgage delinquency rates have been climbing rapidly in recent quarters, particularly within the Federal Housing Administration (FHA) portfolio. ICE Mortgage Technology reported a national delinquency rate of 3.48% in September, up from 3.29% a year earlier. next year,” Walsh said.

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Mortgage Insurance Government Investors 305

Housing Wire

OCTOBER 27, 2022

Amid surging mortgage rates, Pennymac’s total loan acquisitions and originations came in at $26 billion in the third quarter, down 3% from the prior quarter and 56% from the same period last year. Cutting costs. The company netted $237.2 However, the result was partially offset by $164.7 billion.

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Property Taxes Business Insurance Mortgage 396

Inman

AUGUST 1, 2024

The rising cost of construction, insurance and property taxes are creating obstacles for homebuyers that require help from real estate agents and mortgage lenders: LoanDepot CEO Frank Martell.

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Property Taxes Real Estate Agent Mortgage Real Estate 174

Housing Wire

JULY 29, 2021

John Walsh: It’s easy for things to go “sideways” when it comes to real estate taxes: Tax rates change, payments on non-escrow accounts can be late or missed, escrow accounts balances have to be adjusted, etc. When any of these events occur, a servicer is often confronted by a confused, sometimes irate, customer. In the U.S.,

Real Estate 435

Real Estate Technology Property Taxes Investing 435

Appraisal Buzz

JULY 12, 2024

When these moratoria were put in place, all loans, including loans on vacant properties, were lumped into one moratorium bucket. It extends into life events like divorce and death, which are other reasons why properties are vacated and subsequently placed into the moratorium bucket.

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Inventory Supply Chain Construction Property Taxes 221

Appraisal Buzz

JULY 17, 2024

Meanwhile, several looming threats could potentially pull out the cushion completely, including rising “hidden” homeownership costs of insurance and property taxes in many markets, rising delinquency rates for consumer debt such as credit cards and auto loans, and falling values and rising defaults in segments of the commercial real estate market.

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Appraisal Modernization Reconsideration of Value Property Taxes 221

Assurance Financial

NOVEMBER 28, 2023

Taking out your first mortgage is a huge life step. A mortgage is a critical tool to have — it allows you to become a homeowner without putting down hundreds of thousands of dollars on the spot, and it lets you pay off your loan over time. About 96% of first-time homebuyers finance the purchase with a mortgage.

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Mortgage Property Taxes Insurance HOA 69

Assurance Financial

MAY 5, 2022

Obtaining a mortgage is a big step, and you likely have many questions. One important thing you will need to know is how much of a mortgage you can afford based on your income. You can use a few different guidelines to discover what percent of your net income should go toward mortgage payments each month. Property taxes.

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Mortgage Property Taxes Insurance Design 69

Birmingham Appraisal

JUNE 11, 2024

Tax Appeal Appraisals: Fair Property Tax Assessments What is it? Tax appeal appraisals are conducted to challenge the assessed value of a property for tax purposes. How it helps: Lower Property Taxes: If your property has been overvalued by the county, you may be paying more in property taxes than necessary.

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Appraisal Property Taxes Valuation Real Estate 88

Raleigh Realty

AUGUST 20, 2022

When many buyers consider the cost of purchasing a home, the mortgage payment is typically the expense that immediately comes to mind. While the mortgage payment is a significant cost factored into a home purchase (unless you are paying all cash), several other lesser-known prices are necessary for buying a home.

Property Taxes 78

Property Taxes Real Estate Agent Insurance Real Estate 78

D Fritz Appraisals

SEPTEMBER 13, 2021

Inheriting property can be an emotional event. Real Estate Inheritance Tax. In Canada, there are no inheritance taxes. Which means you don’t have to pay in order to take over a property. However, you do take over property taxes, repairs, mortgage payments, and insurance.

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Market Value Insurance Real Estate Appraisal 118

Lamacchia Realty

OCTOBER 11, 2023

This budget should account for all potential costs, including down payments, closing costs, property taxes, and homeowner’s insurance. Florida offers some financial perks to homeowners, such as the homestead exemption, which can provide significant property tax relief. But it’s not all about expenses.

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Property Taxes Real Estate Logistics Realty 74

Lamacchia Realty

MAY 6, 2024

Homes in tourist areas often see higher property values due to constant demand, which can mean a good return on investment if you ever decide to sell your home. Many homeowners take advantage of peak tourist seasons by renting out their properties, which can cover mortgage payments or fund upgrades. Volunteer for local events.

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Logistics Realty Transportation Property Taxes 74

PennyMac

FEBRUARY 13, 2024

We’re talking about the Assumable Mortgage. What Is an Assumable Mortgage? An assumable mortgage is a special type of home financing that allows a homebuyer to take over (or, assume) the seller’s existing mortgage and all of the terms that come with it, such as the interest rate, current balance, and repayment period.

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Mortgage Sellers Buyers Finance 53

Town & Country Residential Appraisals

AUGUST 14, 2023

Refinancing or Home Equity Loans When refinancing your mortgage or applying for a home equity loan, the value of your home plays a vital role in determining the amount you can borrow. Property Taxes The value of your home often influences property tax assessments.

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Property Taxes Home Value Insurance Renovations 43

Eppraisal

AUGUST 4, 2023

Beyond the initial purchase and mortgage payments, homeowners must prepare for a host of ongoing expenses that can catch them off guard. Property Taxes Property taxes are often overlooked in the excitement of buying a home. While insurance is essential, the premiums can be substantial.

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HOA Property Taxes Insurance Investing 36

McKissock

FEBRUARY 21, 2021

Primarily, the issues revolve around the following aspects: Financial and legal responsibilities : This financial responsibility primarily includes things like any debt obligations like a mortgage, that may be attached to the inherited property. Or it may even involve a loan that was taken out and securitized by the property.

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Real Estate Agent Property Taxes Real Estate Legal 56

Quicken Loans

APRIL 12, 2021

Foreclosure happens when a borrower fails to pay their mortgage payments and the lender or mortgage investor must repossess the home. Foreclosure can also happen when the homeowner fails to pay their property taxes or homeowners association fees. Increased Mortgage Payments. Unforeseen Circumstances.

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Inspection Property Taxes Mortgage Investors 54

Quicken Loans

JUNE 16, 2021

However, many veterans are unaware of the fact that they may qualify for reduced , VA-backed loans and property taxes as a result of their disability. Even better, your compensation benefits can also count toward your qualifying income during the mortgage process. Get approved with Rocket Mortgage ® today.

Property Taxes 58

Property Taxes Mortgage 58

Lamacchia Realty

NOVEMBER 21, 2023

Community Integration Providing valuable information about Florida’s community resources , local events, and essential services, these experts help you quickly feel at home in your new neighborhood. Connections with financial advisors and mortgage brokers assist in securing the best financing options for your purchase.

Real Estate 74

Real Estate Valuation Real Estate Agent Local Properties 74

Movoto

APRIL 8, 2024

An officially accepted offer between a buyer and seller puts a home under contract, which is essentially the final stretch before real estate closing when the property is transferred to the buyer. A real estate agent usually begins the process by leveraging a pre-approval letter furnished by the buyer’s mortgage loan provider.

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Contracts Real Estate Property Taxes Inspection 36

PennyMac

MAY 12, 2022

A 30-year mortgage has long been the industry norm, and for good reason: It allows homebuyers to spread the loan out over a long period of time and keep payments as low as possible. But now that interest rates are still close to near historic lows, 15-year mortgages are becoming more popular. Is a 15-year mortgage right for you?

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Mortgage Finance Property Taxes Loan Officers 36

Movoto

APRIL 16, 2022

Of course, sometimes events that are outside of the HOA’s control happen, such as a fire or natural disaster. If you own a rental property , pretty much all the expenses associated with that rental are tax deductible. Can you deduct your HOA fee if you only rent your property part of the year?

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HOA Property Taxes Business Home Improvement 36

Eppraisal

MAY 3, 2024

Evaluate your budget, including the down payment, ongoing mortgage payments, property taxes, and maintenance costs. Explore financing options tailored to retirees, such as reverse mortgages or home equity lines of credit, to maximize financial flexibility. Future Needs Anticipate future needs and plan for the long term.

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Legal Property Taxes Local Properties Finance 36

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. Although the purchase price and property taxes are usually more expensive for townhouses, the HOA fees are often lower.

HOA 64

HOA Finance Property Taxes Buyers 64

Assurance Financial

DECEMBER 27, 2021

Whether you’re a first-time homebuyer or a homeowner looking to refinance your mortgage, the financial logistics of homeownership may have you asking some big questions. What Is a Fixed-Rate Mortgage? Mortgages typically last for 10-30 years, depending on your financial goals and repayment plan.

Mortgage 74

Mortgage Finance Logistics Marketing 74

Will Springer Realtor

MARCH 14, 2022

First , prayers go to the millions of people displaced, disrupted or worse by the tragic events unfolding in Ukraine (the global leader in sunflower production, until now). Interest rates on a 30-year mortgage have slipped since the start of the conflict, now averaging 3.76% in the U.S., behind Denver (64%). >> Idaho is No.

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Housing Market Marketing Real Estate Supply Chain 36

PennyMac

AUGUST 31, 2024

Home Inspection The home inspection helps identify any potential property issues. Home Inspection The home inspection helps identify any potential property issues. Many mortgage companies mandate a home inspection before approving a loan. Some Western states, including California, use a deed of trust in lieu of a mortgage.

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Inspection Real Estate Agent Sellers Legal 36