Housing Wire

JUNE 10, 2024

It’s also due to growing property taxes and homeowners insurance premiums as providers exited states where risks are elevated. Bankrate calculated the average annual cost of owning a single-family home based on items such as property taxes, homeowners insurance and maintenance costs, as well as energy, internet and cable bills.

Property Taxes 507

Property Taxes Insurance Home Value Inventory 507

Housing Wire

SEPTEMBER 4, 2024

Guild Mortgage announced on Wednesday the introduction of a new product line called the “ Flex Payment Mortgage ,” which includes Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgages ( HECMs ), refinances, proprietary jumbo options and HECM for Purchase (H4P) loans.

Mortgage 428

Mortgage HOA Insurance Property Taxes 428

Housing Wire

MARCH 22, 2023

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. Take insurance, for example.

Insurance 425

Insurance Property Taxes Buyers Clients 425

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. This adds an additional $1,510 per month to a mortgage payment throughout the country. Insurance prices are another burden for homeowners. In all 50 U.S.

Property Taxes 409

Property Taxes Insurance Home Value Construction 409

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.”

Mortgage 463

Mortgage Property Taxes Insurance Inspection 463

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. Monthly principal and interest mortgage payments are also required. Let’s define and compare them.

Mortgage 416

Mortgage HOA Property Taxes Home Value 416

Housing Wire

MAY 20, 2024

This may lead an older homeowner to consider a product like a reverse mortgage, but potential borrowers should be aware of the product’s details and the informational resources they can access. She said that reverse mortgages can be expensive, which is why the product should be considered in concert with other options.

Mortgage 419

Mortgage Insurance Property Taxes Development 419

Housing Wire

JANUARY 31, 2024

This is according to experts who spoke to personal finance website Bankrate about the concept of taking on a new mortgage in retirement. Age information is collected at the time of origination, but only for Home Mortgage Disclosure Act (HMDA) purposes. 30-year mortgages were never meant to be for them. So she was approved.”

Property Taxes 422

Property Taxes Mortgage Design Finance 422

Housing Wire

OCTOBER 10, 2024

Similar to past experiences, Hurricane Helene may lead to 5% of mortgage borrowers in affected areas becoming delinquent but eventually self-curing over the next 12 months, according to a Bank of America (BofA) analysis. Experts told HousingWire they are concerned about further increases in insurance costs due to hurricanes Helene and Milton.

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Insurance Inventory Property Taxes New Listings 375

Appraisal Buzz

OCTOBER 28, 2024

The Mortgage Bankers Association (MBA) has announced that total mortgage origination volume is expected to increase to $2.3 By loan count, total mortgage origination volume is expected to increase by 28% to 6.5 The advance seasonally adjusted insured unemployment rate was 1.3% trillion in 2025 from the $1.79

Property Taxes 409

Property Taxes Insurance HOA Inventory 409

Housing Wire

APRIL 29, 2024

The attorney general of Michigan has re-released a consumer alert about the reverse mortgage product category during financial literacy month. A reverse mortgage is a type of home equity loan extended, in most cases, to those who are 62 years of age or older,” the announcement stated.

Mortgage 441

Mortgage Property Taxes Insurance Design 441

Housing Wire

OCTOBER 21, 2024

Mortgage rates, rental patterns, homeownership dreams, and housing trends across the country are all seemingly colliding in ways that create both opportunities and uncertainties. The average cost of owning a home, beyond the mortgage payment, is approximately $18,000 per year, according to a recent study by Ally Financial Inc.

Real Estate 491

Real Estate Marketing Insurance Property Taxes 491

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.

Property Taxes 195

Property Taxes Local Properties Mortgage Government 195

Housing Wire

SEPTEMBER 13, 2024

At the end of August, the District of Columbia Housing Finance Agency (DCHFA) announced that it had relaunched its Reverse Mortgage Insurance & Tax Payment Program (ReMIT), which originally began in 2019 and expanded in 2020 before being halted at the end of 2021. They were very vocal that there was still a need,” she said.

Mortgage 450

Mortgage Legal HOA Property Taxes 450

Housing Wire

JUNE 25, 2024

Mortgage rates have leveled off in the past week, according to data on HousingWire ‘s Mortgage Rates Center. Last week, Mohtashami wrote that mortgage application data is signaling increased demand. This is a function of mortgage rates staying in the 7s. from the prior week and 3.3% than the same time last year. “The

Mortgage 406

Mortgage Marketing Property Taxes Sellers 406

Inman

AUGUST 1, 2024

The rising cost of construction, insurance and property taxes are creating obstacles for homebuyers that require help from real estate agents and mortgage lenders: LoanDepot CEO Frank Martell.

Property Taxes 161

Property Taxes Real Estate Agent Mortgage Insurance 161

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.

Real Estate 532

Real Estate Mortgage Property Taxes Law 532

Housing Wire

OCTOBER 22, 2024

Reverse mortgage educators Dan Hultquist and Jim McMinn brought their “Rules of the Game” presentation back to the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo this year in San Diego. Hello, Mrs. Smith,” McMinn began, playing the role of a reverse mortgage originator. “I Hi, Mr. Moore,” he began.

Property Taxes 380

Property Taxes Advertising HOA Mortgage 380

Appraisal Buzz

JULY 22, 2024

Our partners in the default servicing industry are on the frontlines of any emerging risk in the mortgage market, and we communicate regularly with them to identify those risks and build solutions of value,” said Jason Allnutt, CEO at Auction.com. through the year’s end. “Our

Property Taxes 374

Property Taxes Insurance Government Sellers 374

Appraisal Buzz

MAY 20, 2024

The mortgage delinquency rate for residential properties increased to 3.94% of all loans in the first quarter, up 6 basis points compared with the fourth quarter, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

Mortgage 195

Mortgage Property Taxes Insurance Inventory 195

Housing Wire

SEPTEMBER 5, 2024

Housing markets across the country have stalled due to elevated mortgage rates and limited for-sale inventory , but some counties are at risk of a more dramatic downturn. Homeownership costs like mortgage payments, property taxes and insurance were compared to local income levels.

Property Taxes 441

Property Taxes Housing Market Insurance Inventory 441

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.

Buyers 458

Buyers HOA Property Taxes Inspection 458

Housing Wire

APRIL 21, 2023

It’s been delayed, but that’s not enough for the mortgage industry. “There is a reason the revised general Qualified Mortgage (QM) definition excludes the DTI ratio: Studies demonstrate that as a stand-alone measure, DTI is not a strong indicator of a borrower’s ability to repay.”

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Logistics Mortgage HOA Property Taxes 448

Housing Wire

OCTOBER 24, 2024

The big publicly traded builders have money to pay down mortgage rates and manage their pipelines better than smaller homebuilders. Then mortgage rates fell from 7.5% However, that was short-lived; mortgage rates are closer to 7% again. to nearly 6%, and things started to look better for the builders.

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Construction Property Taxes Inventory Mortgage 482

Housing Wire

JUNE 17, 2024

After first entering the housing business to sell real estate , Jim Cullen transitioned into the mortgage industry in 1997. Chris Clow/RMD: What do you think helped you to stay in the reverse mortgage business for two decades? Even with the lower principal limits, I’m fortunate that I don’t have a mortgage to pay off.

Mortgage 414

Mortgage Property Taxes Insurance Business 414

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. Accounting for geography, differences in title and settlement costs across groups of borrowers were not “economically meaningful.”

Insurance 428

Insurance Property Taxes Real Estate Sellers 428

Housing Wire

AUGUST 22, 2024

loanDepot added a first-lien home equity line of credit (HELOC) to its product suite that will enable homeowners without a mortgage to borrow from their home equity. “However, even without a mortgage, many feel the pinch of rising expenses, including insurance and property taxes, which put more pressure on monthly budgets. .

Property Taxes 421

Property Taxes Insurance Mortgage Lending 421

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. So, what’s peace of mind worth?

Insurance 455

Insurance Property Taxes Buyers Investors 455

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time. Other indices showed even higher mortgage rates. What to expect with the Fed ?

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

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.

Property Taxes 484

Property Taxes Mortgage Insurance Government 484

Appraisal Buzz

SEPTEMBER 13, 2024

Incenter Lender Services Chief Legal Counsel Kathleen Dutill Kathleen Dutill , an experienced mortgage industry attorney, has joined Incenter Lender Services as Chief Legal Counsel. She embodies our collaborative culture, matches our leaders’ mortgage expertise, and is enabling us to expand our solution portfolio swiftly and responsibly.”

Legal 390

Legal Lending Property Taxes Law 390

Housing Wire

JULY 27, 2023

Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%.

Mortgage 354

Mortgage Property Taxes Housing Market Buyers 354

Housing Wire

JANUARY 8, 2021

Mortgage Broker Fee . Closing costs include a commission fee that brokers charge at the end, of the mortgage process, which is why homeowners are encouraged to shop around for the right mortgage broker. Here’s what to expect in the mortgage application process. Property Tax. Homeowner’s Insurance.

Property Taxes 531

Property Taxes Insurance Real Estate Mortgage 531

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.

Mortgage 418

Mortgage Clients Insurance Tools 418

Housing Wire

FEBRUARY 13, 2024

The state of California has extended the eligibility rules for its mortgage relief program, funded by the Homeowner Assistance Fund (HAF) allocation in the American Rescue Plan Act of 2021. In the latest extension, assistance is available to qualified homeowners who’ve missed at least two mortgage payments by Feb.

Property Taxes 370

Property Taxes Mortgage Insurance Design 370

Housing Wire

JUNE 14, 2024

Incenter’s business channels include capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing solutions. Last month, Incenter promoted Sara Parrish to chief operating officer as it seeks to attract independent mortgage banks as clients through its variable-cost services.

Property Taxes 401

Property Taxes Clients Development Insurance 401

Housing Wire

MAY 28, 2024

Philadelphia-based Incenter Lender Services has promoted Sara Parrish to chief operating officer amid a plan to attract independent mortgage banks (IMBs) with variable-cost services. ” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. .

Property Taxes 405

Property Taxes Lending Insurance Investors 405