Housing Wire

NOVEMBER 4, 2024

Mortgage butterflies As confident and comfortable as I was in the home search process and the paperwork involved in signing on with an agent, I was not feeling great about the mortgage preapproval and application process. But in another stroke of luck, I have a cousin who is a loan officer at Guild Mortgage.

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Housing Wire

APRIL 24, 2024

The Consumer Financial Protection Bureau (CFPB) on Wednesday released a new edition of its Supervisory Highlights publication, which includes the agency’s actions to combat what it calls “ junk fees charged by mortgage servicers , as well as other illegal practices.”

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Housing Wire

MAY 20, 2024

which includes numerous updates to its guidance for the Home Equity Conversion Mortgage (HECM) program overseen by the Federal Housing Administration (FHA). This explains that damage inspections may be completed by “any FHA Roster Appraiser in good standing with geographic competence in the affected market.”

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Reconsideration of Value Mortgage Inspection Insurance 459

Housing Wire

OCTOBER 1, 2024

The Federal Housing Administration (FHA) on Tuesday issued an informational notice to mortgage lenders in which it reiterates various loss-mitigation options afforded to companies and borrowers who are engaged in FHA lending programs in presidentially declared major disaster areas (PDMDAs).

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Housing Wire

MARCH 8, 2023

The Consumer Financial Protection Bureau (CFPB) on Wednesday released a special edition of its Supervisory Highlights report that profiles “unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets,” including among mortgage servicers.

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Mortgage Inspection Law Contracts 396

Housing Wire

OCTOBER 28, 2021

The firm announced Wednesday that it has acquired Denver-based digital mortgage automation and point-of-sales software company Floify. It also previously acquired insurance broker Elite Insurance Group , logistics and moving services firm Kandela and personal services company HireAHelpe r. The acquisition cost Porch about $76.5

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Housing Wire

NOVEMBER 2, 2020

First, Federal Reserve actions loading taxpayers with debt that now exceeds total GDP, which drove mortgage rates to historic lows. In other words, the GSEs get to see refreshed income, FICO, and asset data, thus insuring that this pool of borrowers are survivors of the COVID degradation to the economy. The other is GNMA MBS.

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Housing Wire

DECEMBER 11, 2024

The Federal Housing Administration (FHA) on Wednesday published a final rule in the Federal Register, establishing a permanent program to sell seriously delinquent, FHA-insured single-family mortgages following the release of a proposal over the summer. The rule goes into effect on Jan.

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Housing Wire

JULY 23, 2024

Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. In spite of rapidly rising inventory, high prices and mortgage rates are still keeping buyers at bay. of homes that went under contract.

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Housing Wire

JULY 18, 2024

real estate with a fast, digital mortgage process. Investors can partner with a real estate agent , mortgage broker or turnkey provider to locate a property of their choice. Closing tasks such as appraisal , inspection, title insurance and homeowners insurance are done remotely. Miami -based startup Waltz Inc.

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Finance Real Estate Investors Legal 448

Housing Wire

MAY 6, 2024

HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). We applaud HUD’s efforts in trying to change the requirements for HECMs to be more in line with the requirements of the forward mortgage industry.

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Appraisal Hub

DECEMBER 11, 2024

Thats why understanding home inspections and home appraisals is your first step to making a smart investment. Home Inspections: The Detective Work Think of a home inspection as your personal property detective. A home inspection helps you avoid that nightmare. These two processes are often misunderstood.

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Inspection Buyers Appraisal Investing 78

Housing Wire

MAY 9, 2022

HousingWire recently spoke with Westwood Insurance Agency’s Tom Kriby about how insurance issues can hold up a home closing and how lenders can integrate insurance into their process to help their homebuyers avoid delays. Presented by: Westwood Insurance Agency. How to avoid home closing delays in 2022.

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Insurance Inspection Real Estate Technology 370

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Appraisal Inspection Real Estate Agent Training 435

Housing Wire

JUNE 7, 2022

From mortgage origination to servicing, companies are constantly grappling with high volume and stringent regulatory oversight while managing a large cohort of vendor partners. Smaller mortgage originators often deal with this problem by throwing more people at it. We’re seeing mortgage executives and workers retiring at record rates.

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Housing Wire

MARCH 1, 2023

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

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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

Housing Wire

NOVEMBER 30, 2023

The 203(k) Rehabilitation Mortgage Insurance Program helps borrowers purchase a home or refinance an existing mortgage and includes the cost of repairs or rehabilitation into one new mortgage. Changes also include increases to the maximum amount for other allowable fees, including for draw inspection, which is $375.

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Architecture Renovations Inspection Finance 476

Housing Wire

DECEMBER 1, 2021

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said. In August, the company received a strategic investment by the private equity firm Novacap to accelerate its growth plan.

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Valuation Technology Inspection Investing 435

Miller Samuel

NOVEMBER 30, 2018

My friend and appraisal colleague Ryan Lundquist and I authored a petition on change.org to point out the growing wreckless behavior that is enveloping the mortgage process. There’s a proposal from the FDIC, Federal Reserve, and Treasury Department not to require appraisals for some mortgages under $400,000. Ever heard of straw buyers?

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Appraisal Inspection Real Estate Agent Agents 300

Housing Wire

SEPTEMBER 8, 2022

Cleveland-based KeyBank , a mortgage lender and servicer with $187 billion in assets, is facing a lawsuit filed in federal court in Ohio stemming from a recent data breach that compromised its customers personal information, including social security numbers. This incident does not affect any Key systems or operations.

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Insurance Mortgage Clients Inspection 397

Housing Wire

DECEMBER 6, 2024

” “From Primary Residence to Rental: Your Conversion Guide” Maintenance & homeownership “Your [Season] Home Maintenance Guide” “Smart Home Upgrades That Actually Save You Money” “The Ultimate Guide to Choosing Home Insurance” “DIY or Call a Pro?

Real Estate 397

Real Estate Clients Tools Sellers 397

Housing Wire

JUNE 9, 2022

Legacy renovation loans, which tend to have longer inspection periods and strict oversight of renovations, are not paid to borrowers in a lump sum, which can add a degree of difficulty when homeowners are ready to use the funds, according to Goldman. Presented by: Auction.com.

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Renovations Inspection Finance Insurance 370

Housing Wire

JUNE 21, 2022

Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Instead, we prefer a “certified” pre-owned car that has gone through a multi-point inspection with all of the preventative maintenance up to date. Here’s one data point for you.

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Investors Renovations Inspection Government 435

Appraisal Partners Blog

MARCH 12, 2025

FHA appraisals differ from conventional appraisals in several key ways, primarily because they are designed to protect both the borrower and the lender (the FHA insures the loan). An FHA loan is a mortgage insured by the Federal Housing Administration. What is an FHA Loan?

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Appraisal Inspection Market Value Sellers 78

Housing Wire

NOVEMBER 1, 2024

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more.

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Real Estate Real Estate Agent Agents Brokerage 448

Realtor

NOVEMBER 7, 2023

Costs of buying a home #2: Escrow account An escrow account is basically a way for your mortgage company to make sure you have enough money to cover related taxes and mortgage insurance. Home inspection : This is critical for home buyers. Expect to pay $300 to $500 for a home inspection, although cost varies by location.

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Inspection Insurance Sellers Buyers 191

Inman

MARCH 8, 2023

The CFPB alleges mortgage servicers charged excessive late fees, assessed "fake" private mortgage insurance premiums and made homeowners pay for unnecessary inspections.

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Mortgage Inspection Insurance 148

Housing Wire

MAY 12, 2021

While mortgage rates are at an all-time low, people looking to buy their first home — particularly millennials, who accounted for half of all new home loans in 2019 — have a limited and aging stock of houses to choose from. But, even then, today’s homebuyers aren’t spoiled for choice. Creating transparency.

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Construction Logistics Technology Real Estate 482

Appraisal Buzz

AUGUST 19, 2024

Home Values, Home Prices Up Despite Softening Demand Since the beginning of 2022, mortgage rates have been more than twice as low as they were during the pandemic, which has caused monthly housing prices to soar and decreased sales of homes. They’re spending too much money to rationalize not getting everything on their must-have list.”

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Home Value Luxury Properties Buyers Inspection 396

Housing Wire

APRIL 4, 2024

While they have endured a rocky, rates-driven cycle, marketers in mortgage and real estate continue to play a pivotal role in lead generation, customer acquisition and retention differentiation that has helped to keep many organizations stay afloat. HousingWire: Milestones was recognized as a 2024 Tech100 Mortgage honoree.

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Marketing Real Estate Inspection Mortgage 336

Housing Wire

JANUARY 4, 2023

We sat down with ALTA CEO Diane Tomb to talk about ways title insurance companies can help their customers avoid falling prey to such attempts. This was going on pre-pandemic, but during the pandemic people were waiving their inspections, or were buying homes sight unseen. This interview has been edited for length and clarity.

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Real Estate Agent Tools Inspection Insurance 545

Housing Wire

JULY 26, 2024

Does your buyer need to secure a mortgage ? Contingencies in the agreement protect both parties if problems arise during the appraisal, inspection, or financing stages of the transaction. Finally, get a professional appraisal, which will be required by a lender if your family member needs a mortgage. Discuss financing.

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Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

JULY 22, 2024

Back then, we never thought about the property inspection. We didn’t understand anything other than dual agency and we didn’t have inspections for things like radon gas or uranium in the soil. Today, they are dozens of pages long. Now, agents are responsible for so much.

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Real Estate Real Estate Agent Technology Agents 458

Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%.

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Agents Buyers Sellers Inventory 435

Appraisal Buzz

JULY 18, 2022

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Assuming a $250,000 loan was committed on December 31, 2021, your monthly payment was approximately $1,007 exclusive of escrow for real estate taxes and insurance.

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Sellers Marketing Market Value Home Value 435

Realtor

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. Get final mortgage approval. Clear the title.

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Buyers Inspection Contracts Real Estate Agent 207