Housing Wire

NOVEMBER 2, 2021

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan.

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Insurance Mortgage Development Valuation 389

Housing Wire

MAY 9, 2022

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. The title insurance industry generated $26.2 The title insurance industry generated $26.2

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Insurance Home Value Inventory Real Estate 347

Housing Wire

JULY 25, 2023

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. “It can’t be my forever home if I can’t afford it.”

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Insurance Housing Market Marketing Agents 367

Housing Wire

OCTOBER 18, 2024

The Home Equity Conversion Mortgage ( HECM ) and the Home Equity Line of Credit ( HELOC ) remain as the primary options left for older homeowners who want to use their home equity to create more liquidity during retirement. It also allows the homeowner to draw a portion of the home’s value, but only for a defined period.

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Mortgage HOA Property Taxes Home Value 416

Housing Wire

JUNE 21, 2022

Despite rising interest rates , higher home prices and a drop in refinance volume , the American Land Title Association recorded $5.89 billion in title insurance premium volume during the first quarter of 2022, compared to $5.68 The title insurance industry had a record year in 2021 , generating $26.2 Doma Title Insurance Co.

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Insurance Home Value Contracts Marketing 319

Housing Wire

NOVEMBER 13, 2024

Reverse mortgage educators Dan Hultquist and Jim McMinn brought their “Rules of the Game” presentation back to this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego. Wilson,” began McMinn to a hypothetical reverse mortgage customer. The whistle blew immediately.

Mortgage 340

Mortgage Home Value Insurance Tools 340

Appraisal Buzz

JUNE 10, 2024

Bankrate compiled the typical costs of property taxes, homeowners insurance, and home maintenance, which was estimated to be 2% of a home’s value per year. states, the average single-family home, priced at $436,291, according to Redfin , costs $18,118 each year. Insurance prices are another burden for homeowners.

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Property Taxes Insurance Home Value Construction 409

Housing Wire

MARCH 5, 2024

The federally insured reverse mortgage known as a Home Equity Conversion Mortgage (HECM) is unique, as are the rates that impact the HECM product. Keep in mind that almost all HECMs are adjustable-rate mortgages (ARMs), and so each rate update will concentrate on ARMs.

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Mortgage Insurance Home Value Development 432

Housing Wire

NOVEMBER 18, 2024

in October—fueled by rising housing and insurance costs—and mortgage rates having edged back above 7%, homeownership remains a distant goal for many living in the U.S. Yet each of these states faces unique real estate hurdles that shape the prospects for both home sales and rentals. inflation climbing to 2.6%

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Real Estate Agents Real Estate Agent Marketing 329

Housing Wire

JUNE 10, 2024

The increase reflects rising home prices, which went up 40% since the beginning of the COVID-19 pandemic , mainly due to a lack of inventory, according to the study. It’s also due to growing property taxes and homeowners insurance premiums as providers exited states where risks are elevated.

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Property Taxes Insurance Home Value Inventory 507

Housing Wire

MARCH 13, 2024

Using a 1-10 scale, the portal displays current risk factors for a property as well as the expected change for each risk in 15 and 30 years, the length of a typical mortgage. The cost of homeowners insurance policies has skyrocketed in the past two years as U.S. insurers have grappled with exponential growth in natural disaster claims.

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Tools Insurance Home Value Technology 463

Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 homeowner with a mortgage added $28,000 in equity during the year ending in March 2024 — the highest year-over-year increase since late 2022. of those with mortgages underwater.” The average U.S.

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HOA Home Value Insurance Mortgage 518

Housing Wire

JULY 8, 2024

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. Fannie Mae reportedly assigned the loan to PHH.

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Mortgage Design Architecture Market Value 368

Appraisal Buzz

NOVEMBER 20, 2024

And with insurance costs skyrocketing, many risky areas that were once affordable have become prohibitively expensive. The reality of climate change is setting in and it’s causing a reckoning; people are putting disaster risk higher on their list of considerations when looking for a home.” The value of the U.S.

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Home Value Brokerage Insurance Real Estate 195

Appraisal Buzz

NOVEMBER 13, 2024

The mortgage servicing landscape has long been a crucible of change, where today’s decisions lay the groundwork for the industry’s future. Formed in 2023, the MSEA is a platform for nurturing the next generation of mortgage leaders. Here’s what our panel of mortgage servicing executives had to share.

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Mortgage Technology Clients Tools 410

Housing Wire

OCTOBER 25, 2024

Based on the latest readings, inflation is consistently decreasing, reacting as expected to the Federal Reserve ’s interest rate hike campaign that sent mortgage rates higher than they have been since the start of the millennia. Insurance demand for non-QM RMBS resulted from the convergence of more than one event coinciding.

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Supply Chain Investors Insurance Lending 456

Housing Wire

FEBRUARY 1, 2023

Building the future of mortgage servicing technology is about granular, nuanced innovation — knowing what changes must happen and when, and executing with no mistakes across scale operations where every tiny detail is highly regulated. and see the same data their customer is seeing.

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Mortgage Technology Investors Modernization 473

Appraisal Buzz

SEPTEMBER 17, 2024

According to a new Zillow Home Loans analysis , monthly mortgage payments have grown less expensive than rent prices in 22 of the 50 largest U.S. Recent dips in mortgage rates, which have fallen to the lowest level since early 2023, have significantly reduced monthly payments. home value currently stands at $361,282, up 2.9%

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Housing Wire

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.86%.

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Mortgage Valuation Home Value Inventory 493

Appraisal Buzz

JULY 10, 2024

VeroFORECAST evaluates home prices in over three hundred of the nation’s largest housing markets, and the company is committed to the data science of predicting home value based on rigorous analysis of the fundamentals and interrelationships of numerous economic, housing, and geographic variables pertaining to home values.

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Home Value Inventory Housing Market Buyers 390

Appraisal Buzz

SEPTEMBER 16, 2024

According to Zillow’s most recent market report , reduced mortgage rates and more inventory are providing house buyers with a window of opportunity at an uncommon time of year. For one, it’s easier to qualify for more of the homes on the market now that mortgage rates are a bit lower. home this month was listed at $362,143.

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Buyers Inventory New Listings Home Value 396

Appraisal Buzz

AUGUST 19, 2024

The record high in home prices—the median sale price nationally increased by 4% in June—has led to a record high in the percentage of American homes valued at $1 million or more. Recent declines in mortgage rates have given buyers a small respite, increasing their purchasing power by tens of thousands of dollars.

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Home Value Luxury Properties Buyers Inspection 390

Appraisal Buzz

SEPTEMBER 13, 2024

According to the report, since Q2 of 2023, home equity for U.S. homeowners with mortgages—who own roughly 62% of all properties—has increased by 8.0% As a result, mortgage delinquency rates have remained at historical lows despite the inflationary pressures and higher costs of almost all non-mortgage homeownership-related expenses.”

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Home Value Mortgage Insurance Appraisal 382

Appraisal Buzz

MAY 6, 2024

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. In some markets, the answer is increasingly yes.

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HOA Insurance Legal Fees Valuation 370

Appraisal Buzz

JUNE 26, 2024

A proper home appraisal is essential whether purchasing or selling a property. This appraisal is used by mortgage lenders to calculate the maximum amount they will lend on a property. Computer models have been used by participants in the mortgage and real estate industries over the years to determine the worth of a property.

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Appraisal Tools Real Estate Appraisal Process 391

Housing Wire

JULY 26, 2021

The roots of racial disparities in housing and mortgage markets run deep. Historic government institutionalized discrimination includes actions like “redlining,” where the Federal Housing Administration would refuse to insure mortgages in and around Black neighborhoods. Justice Department charges of fair-lending violations.

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Mortgage Lending Real Estate Agent Government 514

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. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

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Housing Wire

MARCH 11, 2021

Finance of America Reverse will soon debut a hybrid product that combines elements of a reverse mortgage with a forward mortgage. The lender says it’s an innovative approach to servicing borrowers who are in retirement age but don’t qualify or wish to refinance into a long-term mortgage. Presented by: MCT.

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Finance Mortgage Retail Home Value 418

Town & Country Residential Appraisals

DECEMBER 4, 2023

Insurance companies see these homes as risky, making it harder and more expensive to get coverage. How It Affects Your Home's Value Now, let's get to the point – how does knob and tube wiring impact your home's value? Upgrading your electrical system can make your home safer and more attractive to buyers.

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Home Value Insurance Buyers Modernization 56

Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. Over the past 14 years, FHA has insured 9.1 million in mortgages valued at $1.7

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Insurance Home Value Mortgage Marketing 497

Housing Wire

FEBRUARY 13, 2024

“As Americans continue to amass record levels of equity in their homes, they need tools that increase access and reduce stress, particularly as they struggle to manage high interest rates , inflation , personal debt, and other obstacles to reach their long-term financial goals.”

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Investing Renovations Tools Real Estate 360

Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. They own the home with their name on the title, as with any mortgage, traditional or reverse. 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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Finance Real Estate Agent Real Estate Insurance 479

Appraisal Buzz

APRIL 2, 2024

Home prices are rising faster than wages in half the U.S., And while the portion of wages needed for home ownership dipped in the first quarter compared with the fourth quarter, it remained up annually in most of nation. Home Affordability Report. With home values mostly up annually throughout the U.S.,

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Property Taxes Insurance Home Value Buyers 195

D Fritz Appraisals

SEPTEMBER 19, 2019

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

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Home Value Appraisal Real Estate Agent Tools 78

Housing Wire

FEBRUARY 6, 2023

trillion mortgage servicing sector shouldn’t be “disrupted” by financial technology, it should be reimagined with fintech. Most new-to-mortgage fintech folks who overuse the word “disruptor” will start by asking, “What are your requirements?” In mortgage servicing, it’s not about “disruption” for the sake of sounding innovative.

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Mortgage Investors Technology Modernization 357

Housing Wire

MARCH 27, 2023

At a time of high mortgage rates and inflation, the federal government — along with government-sponsored enterprises — is understandably under pressure to lower costs and make homeownership more accessible. The title insurance industry continued to pay out claims, many fraud-related, despite a severe recession.

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Insurance Government Home Value Real Estate 317

Housing Wire

AUGUST 24, 2022

Top wholesale lender United Wholesale Mortgage (UWM) is the latest originator to join the resurgent home-equity lines of credit (HELOC) market. Meanwhile, the piggyback HELOC, which provides an additional loan taken out on property alongside a first mortgage, is ideal for borrowers with less available for a down payment.

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