Housing Wire

SEPTEMBER 11, 2024

Other holding costs for real estate include taxes and insurance. According to S&P Global, insurance premiums increased nationally by 34% between 2017 and 2023, with even more increases hitting homeowners in 2024. In particular, insurance can be a significant portion of monthly payments.

Mortgage 468

Mortgage Insurance Inventory Buyers 468

Appraisal Buzz

OCTOBER 23, 2024

“I was going to stay out of the market, but really low prices on properties is keeping me in,” said one survey respondent, reflecting the minority view that is helping to boost demand in markets with lower-priced distressed inventory. The supply of REO auctions followed a similar pattern, albeit at a lower level.

Retail 370

Retail Marketing Inventory Buyers 370

Housing Wire

AUGUST 3, 2022

The prediction by one of the nation’s leading marketplaces for distressed assets, is based on a survey of some 50 Auction.com clients, including private-sector mortgage servicers and government-sponsored enterprises (GSEs). How borrowers can stay afloat with home equity products during difficult economic times. Presented by: Altisource.

Inventory 482

Inventory Clients Government Sellers 482

Housing Wire

JUNE 5, 2024

“Today, HUD is providing new resources for preserving and revitalizing these communities by providing FHA-insured financing to mission-focused groups to buy or refinance and revitalize manufactured homes.

Finance 529

Finance Government Renovations Design 529

Housing Wire

AUGUST 15, 2024

To make matters worse, there is a limited inventory of homes on the market , as many current homeowners hold rates well below 6% and don’t want to be saddled with higher rates. This insurance protects lenders against losses. by the fourth quarter of 2024.

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Government Insurance Finance Mortgage 476

Housing Wire

MAY 25, 2021

Homebuyers would pay an up-front mortgage insurance premium of 3.6 percent of the principal, which could be financed, and would not pay a monthly insurance premium. The anemic housing inventory , however, still poses a problem for any potential homebuyers who aren’t prepared to pay well over the asking price.

Finance 493

Finance Insurance Loan Officers Government 493

Housing Wire

APRIL 19, 2022

Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. Other government entities, including Fannie Mae , Freddie Mac and the United States Department of Agriculture , have already implemented a 40-year loan modification term option.

Insurance 508

Insurance Development Mortgage Government 508

Housing Wire

SEPTEMBER 28, 2023

Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It It will disrupt some home sales in the short run due to the lack of flood insurance or delays in government-backed mortgage issuance,” he said.

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Housing Market Contracts Government Buyers 497

Housing Wire

MARCH 11, 2021

The bill will send $1,400 direct payments to individuals making up to $75,000 annually, and allocates $350 billion in aid to state and local governments and $14 billion for vaccine distribution. Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI).

Tenants 545

Tenants Government Retail Investing 545

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. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise). mortgage insurance market in 2023 to deteriorate.

Housing Market 476

Housing Market Marketing Insurance Mortgage 476

Housing Wire

NOVEMBER 15, 2021

The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. Marcia Fudge said there were no near-term plans to change FHA’s mortgage insurance premium pricing.). Earlier this year, HUD Sec.

Mortgage 418

Mortgage Insurance Renovations Tools 418

Housing Wire

APRIL 14, 2023

However, buyers are contending with rising interest rates , high home prices and constrained inventory. At a time when the banking system is making headlines, housing finance regulators should appreciate the strength, stability and resilience of the conventional mortgage market backed by private mortgage insurance. Today, roughly $1.5

Finance 370

Finance Buyers Insurance Housing Market 370

Housing Wire

JULY 26, 2021

The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Government-backed New Deal programs of the 1930s openly discriminated against minority borrowers and neighborhoods. The housing market is red hot. The roots of racial disparities in housing and mortgage markets run deep.

Mortgage 514

Mortgage Lending Real Estate Agent Government 514

Housing Wire

OCTOBER 10, 2024

We already had very thin inventory and some of our deals are dead because houses have been ruined. There are no appraisal substitutes with government loans either. Rising insurance costs are a prominent concern for homeowners and potential buyers. Additionally, Milton prompted both buyers and home insurers to hit the brakes.

Agents 434

Agents Insurance Housing Market New Listings 434

Housing Wire

DECEMBER 28, 2021

In fact, Paradise’s housing market, though constrained by unresolved wildfire litigation and issues like proper home insurance, even has the high-demand, low inventory problems of most other U.S. We have had over 200 lots active on the market at one time since 2019, so we are a little low on inventory.”.

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Insurance Realty Agents Construction 397

Housing Wire

FEBRUARY 1, 2023

CBC Mortgage does not offer a temporary rate buydown program, but it is focused on offering down payment assistance for first-time homebuyers by providing them with second mortgages issued in tandem with FHA-insured loans.

Marketing 435

Marketing Government Mortgage Sellers 435

Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. Record-high demand for homes coupled with historically low inventory has driven prices up precipitously. According to the Radian Home Price Index , home prices rose 9.2%

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Housing Market Marketing Construction Insurance 448

Housing Wire

JUNE 21, 2024

The pilot program includes several limitations to the types of loans the government-sponsored enterprise will be allowed to purchase. The Federal Housing Finance Agency (FHFA) on Friday announced that it has given conditional approval for Freddie Mac to begin purchasing closed-end second mortgages through a pilot program. Mittal said.

Mortgage 459

Mortgage Marketing Design Insurance 459

Housing Wire

APRIL 19, 2021

According to a new report from Reuters, the government watchdog is already actively investigating several servicers. Like many other government agencies, the CFPB relaxed a number of policies to aid consumers at the onset of the pandemic. “Our supervision team is robustly asking for more data than ever from servicers.”

Mortgage 448

Mortgage Government Law Insurance 448

Housing Wire

APRIL 5, 2021

In its most recent annual report to Congress, November 2020, the Federal Housing Administration ( FHA ) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). FHA, a government agency, is largely self-sufficient.

Insurance 359

Insurance Housing Market Mortgage Government 359

Housing Wire

MAY 22, 2024

H4P endorsements accounted for roughly 6% of the 32,963 HECMs endorsed for Federal Housing Administration (FHA) insurance that fiscal year. It represented a modest recovery for a highly underutilized option within a wider and similarly underutilized lending program sponsored by the federal government.

Mortgage 459

Mortgage Loan Officers Lending Business 459

Housing Wire

MAY 24, 2023

Meanwhile, with the primary market struggling amid higher rates and lower inventory, MBS supply is expected to decline. “But because our government is involved with it, all of us as American citizens have the pleasure of having it.” The Fed and U.S. They are likely to be replaced by money managers as investors.

Marketing 397

Marketing Investors Insurance Mortgage 397

Housing Wire

AUGUST 8, 2024

Incomes, wealth, life events, mortgage rates all play a role in determining housing demand, while on the supply side we have land costs, government regulations in terms of zoning rules, geographic constraints to building and builder financing costs,” Divounguy added. “So,

Housing Market 488

Housing Market Marketing Mortgage Sellers 488

Housing Wire

DECEMBER 21, 2023

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

Mortgage 468

Mortgage Renovations Appraisal Process Finance 468

Housing Wire

JANUARY 25, 2022

There’s already been widespread margin compression with agency conventional products due to the declines in refinances, while government margins will likely start compressing soon as well. This includes how much cash is used to fund new loans, cycle time on loans in inventory, and how fast you’re selling loans.

Mortgage 370

Mortgage Inventory Business Loan Officers 370

Housing Wire

FEBRUARY 20, 2025

Where it gets interesting is that if they buy, Gen Z will spend $165,000 on housing by age 30, including mortgage, insurance, taxes and other expenses. With interest rates remaining high and inventory limited, affordability will continue to be a challenge. Governments need to keep looking for more areas to rezone.

Buyers 381

Buyers Real Estate Inventory Mortgage 381

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. Auction.com implemented the first look auctions for FHA-insured properties in August 2022 and saw an immediate impact: from nothing to 8.2%

Renovations 370

Renovations Buyers Development Insurance 370

Housing Wire

FEBRUARY 21, 2024

As interest rates ease and housing inventory stabilizes, mortgage companies are likely to start ramping up their recruiting strategies. Many Axis trainees come from sales-based careers in hospitality, retail or insurance, which makes it easier to adapt to the mortgage business. But some are completely fresh to the field.

Housing Market 461

Housing Market Mortgage Marketing Real Estate 461

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. Editor’s note: There are conventional mortgage options with down payments as low as 3% and government-insured loans with a low- or no-down-payment requirement.)

Agents 435

Agents Buyers Sellers Inventory 435

Housing Wire

MARCH 21, 2022

“There is so much demand for housing and so little inventory available that I expect most of the properties to be sold, rather than abandoned.” Government agencies that provide guarantees and insurance – in the case of a zombie foreclosure, most likely the FHA – also worry about the home’s condition.

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Law Inspection Insurance Government 370

Housing Wire

OCTOBER 1, 2021

However, at the start of August, 50% of government-sponsored enterprise backed loans and 67% of federally insured FHA, VA, and USDA/RHS in forbearance were behind on mortgage payments- typically the last 12 payments. “It in August, twice the historical monthly appreciation, due to low inventory levels.

Mortgage 305

Mortgage Insurance Government Inventory 305

Housing Wire

MARCH 20, 2024

Buyer representation becomes mainstream The dramatic volume of lawsuits filed by aggrieved buyers highlighted the urgent need for change—a need our government in all of its infinite wisdom (sarcasm intended) failed to address at the time. It will likely take several days, multiple trips, and hours between showings to see homes.

Real Estate 497

Real Estate Buyers Agents Sellers 497

Housing Wire

AUGUST 15, 2023

A major reason for the depressed originations and securitizations is that there are simply far fewer loans being made in the current high-rate environment, where a good share of potential housing inventory is locked in at much lower rates, industry experts explained. “We

Business 370

Business Lending Investors Finance 370

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. So, we’re going after more government and conventional loans,” Busch said. (The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.)

Insurance 370

Insurance Mortgage Lending Clients 370

Appraisal Buzz

JUNE 14, 2024

As a surge in new multifamily rental units has slowed down rent growth, single-family construction is starting to lift for-sale inventories. She seeks to explain the growing gap between socio-economic groups, and government policies to try and change it.

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Development Government Project Management Design 221

Appraisal Buzz

JULY 30, 2024

Create incentives for local governments to eliminate unnecessary land use restrictions that drive up costs. Inventory Rises, But Costs Grow Prohibitive According to a recent study by Redfin , nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract.

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Construction Investing Inventory Law 221

Appraisal Buzz

APRIL 8, 2025

Total inventory (the number of listings active at any time during the month) in February increased by 1.4% In response to recent government changes, it may be difficult for a buyer or seller to know what to anticipate because of this severe mix of market conditions. Inventory: Up 42% from pre-pandemic levels, and up 11.4%

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Sellers Buyers Home Value Inventory 150