Housing Wire

JANUARY 27, 2025

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity.

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Contracts Mortgage Property Taxes Law 370

Housing Wire

JANUARY 24, 2025

Rocket Mortgage scored a big win this week after the Fourth Circuit on Thursday vacated a $10 million judgment in a class action over a decade old. Rocket Mortgage has faced other legal activity over the last year. The latest ruling from the U.S

Mortgage 370

Mortgage Legal Appraisal Valuation 370

Housing Wire

APRIL 3, 2025

In mortgage finance and real estate , the only constant is change. From fluctuating interest rates and evolving regulations to technological disruptions and shifting consumer demands, mortgage leaders today face unprecedented volatility and complexity. This ongoing flux demands adaptive, resilient, and deeply principled leadership.

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Mortgage Technology Real Estate Finance 356

Housing Wire

SEPTEMBER 26, 2024

Real estate data company StreetWire has partnered with Northern California MLS MetroList to produce an insurance product called Home Value Lock. It’s designed to protect homeowners from declining home values. Home Value Lock is currently available only in California. “As

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Home Value Insurance Real Estate Design 435

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

Appraisal Buzz

FEBRUARY 17, 2025

homeowners with mortgages nationwide have an interest rate higher than or equal to 6%, the highest percentage since 2016. of homeowners who hold mortgages is less than 6%. of homeowners with mortgages had a rate below 6% in Q3 of 2023. The pandemic-era record low of 2.65% for mortgage rates has already been more than doubled.

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Mortgage Real Estate Agent Home Value Agents 347

Appraisal Buzz

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has announced that the conforming loan limit values (CLLs) for mortgages acquired by Fannie Mae and Freddie Mac (the GSEs) in 2025. the 2025 CLL value for one-unit properties will be $806,500, an increase of $39,950 (or 5.2%) from 2024. home price. In most of the U.S.,

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Home Value Finance Housing Market Mortgage 418

Housing Wire

NOVEMBER 7, 2024

Not long ago, homeowners insurance was a minor concern for most homebuyers, real estate agents and mortgage originators. In California, where more than 7,000 wildfires occurred last year, the typical homeowner in many ZIP codes paid premiums as low as 0.05% of home value, according to the Times.

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Insurance Supply Chain Real Estate Design 482

Housing Wire

JANUARY 22, 2025

Reverse mortgage lender and servicer Longbridge Financial , which offers both Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage ( HECM ) loans as well as proprietary reverse mortgage products, announced that it has lowered the minimum home value for its fixed-rate proprietary products.

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Home Value Clients Legal Mortgage 396

Inman

FEBRUARY 27, 2025

home values have risen by 45.3 In other words, more than 10 years of typical home value growth has been packed into a five-year period, a new report from Zillow shows. Since 2020, U.S.

Home Value 143

Home Value Housing Market Marketing Mortgage 143

Housing Wire

APRIL 4, 2025

Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering. Platinum Peak is now available in at least two reverse mortgage loan origination systems (LOS) for brokers.

Mortgage 322

Mortgage Home Value Agents Design 322

Housing Wire

MARCH 31, 2025

Homeowners 62 and older saw their collective home equity levels drop by 1% in Q4 2024 to a total of $13.95 That’s according to the latest edition of the Reverse Mortgage Market Index (RMMI), a quarterly report compiled by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan.

Home Value 356

Home Value Finance Mortgage Marketing 356

Appraisal Buzz

MARCH 10, 2025

However, buyers who are already stretching their budget to afford a home in todays market may not be willing or able to spend more on renovations or repairs. Ironically, fixer-uppers have moved from the option for those trying to get into a house more affordably to the target of cash-flush buyers who want to customize their new home.

Renovations 414

Renovations Home Value Buyers Sellers 414

Appraisal Buzz

DECEMBER 20, 2024

million homes with mortgages in the United States are owned by individuals aged 65 and older, according to a recent LendingTree study. Census Bureau data, the analysis reveals regional trends, lower housing costs for older homeowners, and the significant implications of carrying mortgage debt into retirement. More than 10.5

Home Value 390

Home Value Mortgage Housing Market Appraisal 390

Appraisal Buzz

OCTOBER 29, 2024

Many young Americans purchased their first homes during the pandemic or in the years preceding it, and they later profited from a historic increase in home values brought on by the homebuying boom of 2021–2022. Many young people were able to amass significant home equity as a result, and today’s home values continue to climb.

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Tenants Home Value Mortgage Appraisal 397

Housing Wire

NOVEMBER 20, 2024

In today’s economy, mortgage rates and housing expenses have consistently risen. However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market.

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Finance Marketing Lending Mortgage 370

Housing Wire

JANUARY 22, 2025

While stubbornly high mortgage rates are keeping a lid on buyer demand and home value growth, and a response from builders has kept multifamily rent growth stable for many months, rents for detached single-family homes continue to accelerate. Meanwhile, apartment rents averaged $1,812 per month in December, up 2.4%

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Inventory Home Value Housing Market Buyers 448

Housing Wire

DECEMBER 16, 2024

Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. Home values are forecast to tick up 2.2%

Housing Market 370

Housing Market Marketing New Listings Home Value 370

Housing Wire

NOVEMBER 30, 2021

The federal government will now back mortgage loans of nearly $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas now $970,800 — or 150% of $647,200. Median home values exploded across dozens of housing markets across the country in 2021. increase from the prior year.

Government 536

Government Mortgage Home Value Finance 536

Appraisal Buzz

NOVEMBER 19, 2024

This is due to several factors, including rising housing costs, stagnant wages, and a decline in the availability of small-dollar mortgages, defined as those for homes priced at $150,000 or below. Cities: A Qualitative Analysis ” and “ The Socioeconomic Consequences of the Decline in Small Mortgages.” Authored by Craig J.

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Lending Mortgage Investors Development 418

Appraisal Buzz

OCTOBER 30, 2024

A new TransUnion survey has found that many consumers feel their existing mortgage and auto payments are putting a strain on their household finances, as the prospect of falling interest rates has them ready to consider refinancing those loans. They resulted in responses from 1,002 and 1,025 auto and mortgage loan customers, respectively.

Finance 393

Finance Buyers Mortgage Home Value 393

Appraisal Buzz

DECEMBER 6, 2024

A recent analysis of Federal Housing Finance Agency (FHFA) data by the Urban Institute dispels the myth that manufactured homes do not appreciate as much as site-built homes. Research indicates that rising land prices have significantly outpaced the appreciation of home structures, contributing to a disparity in overall value growth.

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Law Valuation Home Value Government 397

Housing Wire

JANUARY 16, 2025

Cleveland-based Corporate Settlement Solutions (CSS) released an analysis Thursday that highlights a growing gap between appraised home values and sale prices. These are just two of the challenges appraisers face in the current mortgage market, Ashley Jelinek, CEO of CSS, said in a statement.

Appraisal 397

Appraisal Valuation Home Value Housing Market 397

Appraisal Buzz

DECEMBER 6, 2024

On average, the panelists expect existing home sales to remain sluggish for another year, new home sales to trend slightly upward, and mortgage rates to remain elevated but modestly decline over the course of the year to 6.3%. The Q4 2024 HPES had 115 respondents, and was conducted by Pulsenomics between November 12-22, 2024.

Inventory 397

Inventory Home Value Design Mortgage 397

Housing Wire

OCTOBER 18, 2024

As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Now, suburban dwellers who migrated from urban areas to suburban areas are returning to cities, driving home values up in those areas.

Appraisal Process 448

Appraisal Process Appraisal Real Estate Inspection 448

Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. With affordability shrinking, buyers are taking more risks to secure homes, according to HomeLight s 2025 Lender Insights & Predictions survey. ADU is a big requirement now.

Loan Officers 317

Loan Officers Property Taxes Marketing Insurance 317

Appraisal Buzz

MARCH 13, 2025

Homeownership as a Path to Wealth Owning a home provides significant financial advantages, including equity gains and appreciation in home values. Each mortgage payment serves as a form of forced savings, helping homeowners build wealth over time. and single women are taking full advantage.

Housing Market 394

Housing Market Marketing Home Value Tools 394

Housing Wire

FEBRUARY 23, 2024

The gap between Black and white renter families that could afford a mortgage narrowed significantly during the COVID-19 pandemic, according to a Zillow report released Friday. of Black renter families earned enough income in 2022 to afford a mortgage with a 3% down payment, compared to 12.5% About 7.8% percentage points. About 13.3%

Mortgage 476

Mortgage Home Value Lending Real Estate 476

Appraisal Buzz

NOVEMBER 6, 2024

A new report from the Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA) takes a closer look at the shifting demographics for older Americans over 50 and the impact on the nation’s housing supply. home value is currently $359,892, up 2.7% The report, authored by Gary V. year-over-year.

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Home Value Buyers Mortgage Appraisal 459

Housing Wire

JULY 16, 2024

The state of Montana may not be a key source of business for the reverse mortgage industry, but that doesn’t negate the reality that seniors who reside there might find the product useful for reaching some kind of financial goal. He joined the mortgage industry in 1990 and transitioned to the reverse channel in 2002.

Mortgage 435

Mortgage Easement Home Value Business 435

Housing Wire

JANUARY 25, 2021

Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to. But a recent study from tech startup Haus found that mortgage rates can also be seasonal, and borrowers can benefit from understanding that rhythm. Analyzing over 8.5

Mortgage 529

Mortgage Home Value Real Estate Finance 529

Housing Wire

FEBRUARY 21, 2024

Mortgage demand continued its downward trajectory last week as interest rates moved back above 7%. Mortgage applications decreased by 10.6% 16, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. The 30-year fixed-rate mortgage averaged 6.77% as of Feb. And the U.S.

Mortgage 468

Mortgage Retail Home Value Marketing 468

Housing Wire

JANUARY 25, 2021

Zillow’s 2021 housing forecast echoes the projections of other industry experts of a rapid acceleration of home value appreciation, with numbers anticipated to be even higher than in 2020. According to Zillow’s Home Value Index, the company expects seasonally adjusted home values to increase by 3.7%

Home Value 545

Home Value Mortgage Buyers Marketing 545

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%.

Mortgage 493

Mortgage Valuation Home Value Inventory 493

Appraisal Buzz

OCTOBER 18, 2024

“The housing market remains structurally underbuilt, and homeowners with locked-in low mortgage rates are keeping existing-home inventory limited. And that “lock-in” rate may continue as Freddie Mac reports that the 30-year fixed-rate mortgage (FRM) averaged 6.44% as of October 17, 2024, up from last week when it averaged 6.32%.

Construction 418

Construction Housing Market Inventory Home Value 418

Appraisal Buzz

JANUARY 22, 2025

While builders response has kept multifamily rent growth steady for several months and stubbornly high mortgage rates are limiting buyer demand and home value increases, detached single-family home rentals are still rising at an accelerating rate. In the meantime, owned home value growth has leveled out at 2.6%

Inventory 370

Inventory Home Value Tenants Property Management 370

Housing Wire

JUNE 4, 2024

Shopping around for a mortgage could prove beneficial for borrowers looking to save money, particularly in a high interest rate environment, according to a new report from LendingTree. While savings would be much lower in states with lower home values, shopping around could still prove beneficial for borrowers.

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Mortgage Home Value Construction Lending 457