Housing Wire

APRIL 2, 2025

On the heels of launching a new proprietary reverse mortgage product, Mutual of Omaha Mortgage has announced the hiring of reverse mortgage industry veteran Tracy Milligan to serve as its director of strategic initiatives. She officially joined Mutual of Omaha last month, according to her LinkedIn profile.

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Housing Wire

APRIL 5, 2022

But what does virtual real estate mean for real-world mortgage professionals? Actual” real estate is defined as property consisting of land or buildings, and everything that is permanently attached to the land. Is there demand for “mortgages” to buy virtual real estate in the Metaverse? Underwriting a Metaverse mortgage.

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Real Estate Mortgage Property Taxes Law 532

Appraisal Buzz

DECEMBER 5, 2024

The Q3 patternsderived from gaps in affordability, underwater mortgages, foreclosures, and unemployment trendsrevealed that two-thirds of the 50 counties around the U.S. Unemployment rates came from federal government data. Less-vulnerable markets continued to be clustered in the Southern U.S. They included four in the Washington, D.C.

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Appraisal Buzz

DECEMBER 11, 2024

of eligible households received government housing aid in 2021, while 11.2 When anticipating the need to relocate, 71% of adults in that demographic mentioned rent or mortgage costs as a major concern. High property taxes are another factor at work, as 55% of respondents cite them as a cause for moving. Only 36.5%

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Appraisal Buzz

FEBRUARY 4, 2025

Insurance cost acceleration relative to home appreciation: Insurance costs are rising dramatically faster than mortgage payments. From 2013-2022, insurance as a percentage of mortgage payments more than doubled, rising from 7%-8% to over 20% of mortgage costs.

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Real Estate Marketing Insurance Property Taxes 391

Housing Wire

JANUARY 6, 2023

The mortgage servicing industry landscape is shifting. This shift is happening because of the increased willingness of private investors to invest in servicing and the government sponsored enterprises’ focus on reducing their footprint. This reduced the lender’s exposure to ‘loss of collateral’ on these properties.

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Property Taxes Clients Buyers Tools 448

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 396

Housing Wire

SEPTEMBER 11, 2024

home in June 2022, you probably locked in about $1,400 a month in mortgage payments. Due largely to higher mortgage rates , that same home today would cost about $2,175 a month. Mortgage payments are only part of the affordability challenge. Other holding costs for real estate include taxes and insurance.

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Mortgage Insurance Inventory Buyers 468

Housing Wire

JULY 12, 2024

A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during the second half of 2024, while ample amounts of home equity should keep many properties in loss mitigation from moving into foreclosure status. Respondents expected the U.S.

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Property Taxes Mortgage Insurance Government 488

Housing Wire

JULY 5, 2024

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis. The Florida Legislature and Gov.

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Law Finance Property Taxes Renovations 435

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

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).

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Contracts Property Taxes Government Mortgage 448

Housing Wire

AUGUST 15, 2024

mortgage industry” and “brings to the table a deep understanding of the Company’s operations, market dynamics, and growth potential,” Voxtur explained in its announcement. Voxtur serves investor, lender, servicer and government agency clients throughout North America with offices in Tampa and Toronto.

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Appraisal Buzz

JULY 22, 2024

Surveying a diverse group including banks, nonbanks, and government entities, the report indicates a prevailing sentiment among 76% of respondents who foresee continued growth in home prices throughout the year. This optimism comes in spite of the challenges posed by interest rates, which are expected to linger at an average of 6.3%

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Property Taxes Insurance Government Sellers 389

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.

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Property Taxes Lending Insurance Local Properties 459

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. My housing economic mindset really starts from 1996 as mortgage rates are much lower now than in previous decades. Of course, today is a much different story; our demographics are much better, and mortgage rates are lower.

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Inventory Construction Government Housing Market 545

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

SEPTEMBER 17, 2024

The spread on mortgage-backed securities (MBS) trouble many industry professionals, and at a recent roundtable discussion, it spurred an interesting discussion on the degree of risk being absorbed by Fannie Mae and Freddie Mac. Taylor Stork , the president of CHLA and the chief operating officer of Developer’s Mortgage Co.

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Property Taxes Government Legal Insurance 434

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

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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Property Taxes Law Legal Mortgage 458

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 459

Housing Wire

MARCH 9, 2022

Edgemac , which Incenter acquired at the end of last year, does due diligencing for mostly non-QM and jumbo loans, as well as private label reverse mortgages that could eventually be securitized. Edgemac’s clients span banks, investment banks, Trustees, investors, government entities and mortgage companies.

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Property Taxes Clients Mortgage Technology 367

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 467

Appraisal Buzz

AUGUST 13, 2024

The CFPB has found that investors are targeting people of faith with predatory mortgage products that set the borrower up to fail,” said CFPB Director Rohit Chopra. The government is taking action to ensure that these products do not turn the dream of homeownership into a nightmare.”

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Contracts Investors Sellers Lending 367

Housing Wire

FEBRUARY 19, 2024

That’s because the unpaid loan balance continues to grow for delinquent mortgages due to unpaid interest, property taxes and insurance. While the average value of the 80,000 properties analyzed increased 3% between the first and last scheduled foreclosure auction date, the average unpaid loan balance increased by 6 percent.

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Real Estate Property Taxes Insurance Government 468

Appraisal Buzz

SEPTEMBER 6, 2024

In Q2 of 2024, ATTOM produced a Special Housing Risk Report that highlights county-level housing markets across the country that are more or less susceptible to falls based on home affordability, underwater mortgages, and other metrics. The federal government provided the unemployment rates.

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Housing Market Property Taxes Mortgage Marketing 397

Housing Wire

MAY 8, 2023

The monthly house payment to buy a renovated foreclosure — assuming a 5% down payment, the going 30-year fixed mortgage rate at the time of sale and including property taxes and insurance — represented just 20% of the median family income in the surrounding Census tract. That was an increase of 174,000 (50%) from a year ago.

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Inventory Renovations Supply Chain Buyers 435

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Government Real Estate Agent Insurance Property Taxes 148

Realvals

FEBRUARY 10, 2025

For example, in many states, property tax assessments and sale prices are often part of the public record. These details can give a general idea of a property’s value, but they don’t provide the same level of detail as a professional appraisal. Tax assessments are available to view.

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Appraisal Property Taxes Real Estate Market Value 78

Housing Wire

JULY 18, 2023

High mortgage rates and depleted housing inventory have exacerbated an already existing housing availability crisis. The quick increase in mortgage rates created an uphill battle for many Americans who want to buy a home by locking up inventory and making the homes that do hit the market too expensive.

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Inventory Property Taxes Buyers Modernization 370

D Fritz Appraisals

JANUARY 29, 2025

Key Takeaways BC Assessment provides annual property valuations for tax purposes, while home appraisals offer detailed market value assessments for real estate transactions. Mortgage lenders require professional home appraisals for financing decisions, not BC Assessment values. Usage : BC Assessment: Primarily for tax purposes.

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Appraisal Valuation Property Taxes Inspection 78

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. The estimated monthly mortgage payment — including property taxes and insurance — required just 22.7%

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Renovations Buyers Development Insurance 370

Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. We know who the borrowers are. We service their loans. of the U.S.

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Law Mortgage Legal Finance 370

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 63

Appraisal Buzz

SEPTEMBER 25, 2024

On May 30, 2024, the Supreme Court of the United States (SCOTUS) issued its opinion on a matter of far-reaching consequence—whether the National Bank Act preempts a New York State consumer financial law requiring payment of interest on mortgage escrow accounts in the case of Cantero v. Bank of Am., LEXIS 2367. Lacewell v. OCC, 999 F.3d

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Law Legal Insurance Government 221

Housing Wire

JULY 19, 2023

It’s just much cheaper to live here,” said Jon Overfelt, co-owner of American Security Mortgage Corp. We hear it all the time – somebody who leaves New Jersey or New York is like, ‘I couldn’t keep up with the taxes.’ What’s pushing people to move to these areas? It’s simple – affordability and jobs. Indeed, mom.

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Property Taxes Construction Housing Market Marketing 370