Housing Wire

JANUARY 22, 2025

LERETA highlighted that 68% have experienced monthly mortgage payment increases due to rising property taxes and insurance premiums. LERETA also found that 49% of respondents would consider selling and moving if property taxes increased. Meanwhile, 27% would do the same if insurance costs skyrocketed.

Property Taxes 397

Property Taxes Insurance Mortgage Government 397

Housing Wire

JUNE 28, 2024

Title insurance provides vital protection to the largest and most important purchase most Americans will ever make—their home. Director Rohit Chopra himself, in a recent appearance before the House Financial Services Committee , shook his head “no” when asked whether title insurance was a “junk fee” in questioning from Rep.

Insurance 397

Insurance Property Taxes Sellers Development 397

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 435

Insurance Property Taxes Buyers Clients 435

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 518

Property Taxes Insurance Home Value Inventory 518

Inman

JULY 23, 2024

Hidden costs of homeownership, like property taxes and homeowners insurance, were given a 37 percent risk factor for triggering mortgage delinquency by leaders in default servicing, according to a survey by Auction.com.

Property Taxes 183

Property Taxes Insurance Mortgage Marketing 183

Housing Wire

FEBRUARY 27, 2025

With the uptick in the severity and frequency of these natural disasters , as well as the rising costs to rebuild and reinsure, more real estate professionals and consumers are finding homeowners insurance to be a far greater concern than ever before. That has changed. The first is the frequency and severity of natural disasters.

Insurance 244

Insurance Property Taxes Construction Housing Market 244

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. Insurance prices are another burden for homeowners. Massachusetts property taxes are a big lift—the typical bill is $7,413—and single-family home prices are high.

Property Taxes 409

Property Taxes Insurance Home Value Construction 409

Housing Wire

JANUARY 8, 2021

If your loan is insured by the Federal Housing Administration, the FHA charges an upfront premium of 1.75% of the loan amount. Property Tax. Homeowner’s Insurance. Some lenders require homeowner’s purchase insurance before closing on the home. Title Insurance. Title Search Fee.

Property Taxes 531

Property Taxes Insurance Real Estate Mortgage 531

Housing Wire

FEBRUARY 5, 2025

Jeremy Porter, the company’s head of climate implications research, said that homeowners insurance costs and migration patterns may also shift. “Our findings highlight the urgent need to understand how rising insurance costs and population movements are transforming the economic geography of the nation.”

Real Estate 420

Real Estate Insurance Property Taxes Marketing 420

Housing Wire

FEBRUARY 13, 2025

Reverse mortgages were included in the assessment alongside options like Medicaid, Medicare, health savings accounts (HSAs), veterans benefits, LTC insurance and home equity loans. The reverse mortgage industry has aimed in recent years to position itself as a potential avenue to fund LTC directly or pay for LTC insurance.

Property Taxes 360

Property Taxes Mortgage HOA Insurance 360

Appraisal Buzz

JANUARY 30, 2025

While some homeowners prioritize their mortgage payments, those who are not financially prepared may face significant challenges due to other essential and frequent expenses such as homeowners insurance, property taxes, utilities, repairs, and maintenance. Census Bureau.

Buyers 335

Buyers Property Taxes Mortgage HOA 335

Appraisal Buzz

MARCH 4, 2025

The findings suggest that rising costs of property taxes, insurance, utilities, and home maintenancerather than just mortgage paymentsare driving increased financial pressure, even for those who secured historically low mortgage rates in recent years.

Property Taxes 360

Property Taxes Bracketing Insurance Mortgage 360

Housing Wire

APRIL 24, 2024

The agency also asserted that deadlines to pay property taxes and homeowners insurance were impacted. Mortgage servicers that accepted or required money from borrowers to pay taxes and insurance failed to make those payments in a timely manner, which caused some borrowers to incur penalties,” the bureau stated.

Mortgage 476

Mortgage Property Taxes Insurance Inspection 476

Housing Wire

MARCH 1, 2024

For example, recently, Fannie Mae has focused on expanding alternatives to title insurance as a way to supposedly increase homeownership affordability. However, Fannie Mae’s own research from 2022 found that title insurance is not a significant component of the overall closing costs when buying a home.

Insurance 467

Insurance Property Taxes Real Estate Sellers 467

Housing Wire

OCTOBER 21, 2024

Yet ‘renting by choice’ is also on the rise as it offers flexibility, less financial commitment, and freedom from the burdens of property taxes, maintenance, and insurance. In Florida, rising insurance premiums tied to natural disasters like hurricanes can make homeownership more of a liability than an asset.

Real Estate 493

Real Estate Marketing Insurance Property Taxes 493

Housing Wire

SEPTEMBER 11, 2024

Other holding costs for real estate include taxes and insurance. According to S&P Global, insurance premiums increased nationally by 34% between 2017 and 2023, with even more increases hitting homeowners in 2024. In particular, insurance can be a significant portion of monthly payments.

Mortgage 468

Mortgage Insurance Inventory Buyers 468

Housing Wire

NOVEMBER 22, 2024

Higher mortgage rates dissuaded would-be homebuyers from purchasing flipped properties, while growing competition from new and resale inventory made things more difficult for these investors. These costs include mortgage payments, property taxes, insurance and utilities that must be paid while renovations are performed.

Investors 434

Investors Mortgage Property Taxes Inventory 434

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. So, what’s peace of mind worth?

Insurance 459

Insurance Property Taxes Buyers Investors 459

Housing Wire

APRIL 5, 2022

Section F: While there is no need for homeowners insurance, “mortgage” insurance and prepaid interest may still make sense in this scenario. Section G: We already ruled out homeowners insurance and included mortgage insurance. As for property taxes, well, you can kiss that goodbye.

Real Estate 532

Real Estate Mortgage Property Taxes Law 532

Housing Wire

JULY 23, 2024

I don’t want my buyers to be surprised by all of the expenses that come with owning a home in Florida, so I advise them to proactively research the hefty costs of insurance, property taxes and HOA fees, in addition to the cost of their mortgage payment.”

Buyers 459

Buyers HOA Property Taxes Inspection 459

Housing Wire

OCTOBER 10, 2024

As of this week, the death toll has surpassed 230 and thousands of homes, many without flood insurance , have been destroyed. Insurance and inventory An alarming statistic is that most homeowners in these areas are not insured by the private insurance market or by the National Flood Insurance Program (NFIP).

Insurance 375

Insurance Inventory Property Taxes New Listings 375

Housing Wire

JUNE 14, 2024

Incenter’s business channels include capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing solutions. She previously worked with Computershare Loan Services as its senior vice president of enterprises sales and with Radian as its senior relationship manager of enterprise sales.

Property Taxes 447

Property Taxes Clients Development Insurance 447

Appraisal Buzz

JULY 22, 2024

Emerging Risks Survey respondents identified the rising “hidden” homeownership costs of homeowners insurance and property taxes as the biggest potential risk for triggering higher delinquency rates in 2024. This concern overshadowed other risks such as consumer debt delinquencies and fluctuations in unemployment rates.

Property Taxes 389

Property Taxes Insurance Government Sellers 389

Appraisal Buzz

DECEMBER 16, 2024

But that benefit is beginning to be offset by a surge in insurance costs and HOA fees caused by intensifying natural disasters ,along with rising property taxes. This gives buyers leverage when theyre negotiating with other insurers.

HOA 392

HOA Insurance Buyers Property Taxes 392

Housing Wire

SEPTEMBER 4, 2024

Guild’s Flex Payment Mortgage is a suite of products combining federally-insured [HECMs] with options for larger loan amounts as well as the reverse mortgage for purchase,” the company stated.

Mortgage 448

Mortgage HOA Insurance Property Taxes 448

Housing Wire

MAY 20, 2024

The CFPB advises that upfront fees can be “as much as $6,000 plus closing costs in an initial mortgage insurance premium,” in addition to an annual mortgage insurance premium and obligations related to property taxes and homeowners insurance. So, as the loan balance increases, your home equity decreases.”

Mortgage 448

Mortgage Insurance Property Taxes Development 448

Housing Wire

SEPTEMBER 5, 2024

Homeownership costs like mortgage payments, property taxes and insurance were compared to local income levels. At the other end of the spectrum, metros that posed the lowest risks included Washington, D.C.; Richmond, Virginia; and Nashville. Different factors impact downturn risk in different counties.

Property Taxes 448

Property Taxes Housing Market Insurance Inventory 448

Housing Wire

JANUARY 31, 2024

Even if one owns a property with no further mortgage payments due, property taxes and upkeep will be a consideration,” Bankrate senior economic analyst Mark Hamrick said. “As An analyst for Bankrate describes some challenges that could be unique to older mortgage borrowers if they take on a new, debt-based financial instrument.

Property Taxes 435

Property Taxes Mortgage Design Finance 435

Housing Wire

JANUARY 3, 2022

However, ATTOM noted that the latest level is still within the 28% standard lenders prefer for how much homeowners should spend on mortgage payments, home insurance and property taxes. In comparison, the fourth quarter of 2020 saw ownership costs at 21.5%.

Property Taxes 535

Property Taxes Lending Housing Market Insurance 535

Housing Wire

MAY 28, 2024

” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing.

Property Taxes 447

Property Taxes Lending Insurance Investors 447

Housing Wire

FEBRUARY 13, 2024

1 and are still in arrears, or who’ve missed at least one property tax payment by Feb. Within the reverse mortgage industry, HAF has been primarily utilized by Home Equity Conversion Mortgage (HECM) borrowers who fell behind on their property taxes, homeowners insurance or other charges due to the pandemic.

Property Taxes 431

Property Taxes Design Mortgage Insurance 431

Housing Wire

JANUARY 27, 2025

The companies advertise no monthly payments and require consumers to assume all costs for property taxes, hazard insurance, and property maintenance, and require a large settlement payment, similar to the loans originated in the early 2000s that were negative amortizing and required a balloon payment at the end of the loan term, the report said.

Contracts 370

Contracts Mortgage Property Taxes Law 370

Housing Wire

NOVEMBER 2, 2020

There’s a growing sense that affordable housing is a stable investment class for banks and insurance companies; even in the 2008 – 2009 recession, it held up well.”. For instance, it’s possible that housing tax credits and other supports for affordable housing could be sacrificed or functionally negated by property tax increases.

Investors 459

Investors Transportation Property Taxes Investing 459

Housing Wire

DECEMBER 3, 2024

Users can enter a potential home price, down payment, interest rate, loan terms, property taxes, insurance costs, and homeowners association (HOA) fees. Zillow offers a robust monthly cost calculator to help prospective buyers budget for monthly payments.

Tools 397

Tools Finance HOA Property Taxes 397

Housing Wire

APRIL 29, 2024

As long as you retain ownership of the home and pay the property taxes, the loan will not become due.” “It can be used to make home repairs, pay for medical expenses, or to supplement retirement income. A lender makes monthly payments to you based on the equity in your home, using your home as collateral.

Mortgage 448

Mortgage Property Taxes Design Insurance 448

Housing Wire

AUGUST 27, 2024

As home prices rise and property taxes and insurance bills soar, it’s become ever more difficult to age in place,” the article stated. “As This is according to a column published this week by NextAvenue. “As

Property Taxes 459

Property Taxes Insurance Housing Market Marketing 459

Housing Wire

JULY 12, 2024

Rising costs for homeowners insurance and property taxes were cited by respondents as the biggest potential risks for higher delinquency rates in 2024.

Property Taxes 488

Property Taxes Mortgage Insurance Government 488