Louisiana Illuminator, Nov. 20, 2024-Mario Alejandro ArizaWhen Miguel Zablah bought his five-bedroom home in Miami’s leafy Shenandoah neighborhood in June of 2020, he said he paid $7,000 a year for …
Category: Top National News
Mr. Cooper Sues its Insurance Providers Over Cyber Breach
National Mortgage News, November 19, 2024-Maria VolkovaMr. Cooper is accusing its insurers of not indemnifying it for losses caused by a cyber attack that hit the nonbank’s systems in late …
HELOCs With Expanded Criteria Are Trending Among Lenders
National Mortgage News, Nov. 25, 2024-Bonnie SinnockMore mortgage companies have moved into expanded-parameter home equity line of credit programs recently as rated securitizations have grown and volumes are set to …
Florida Housing Market Dips as Hurricanes, Insurance Hikes Impact Sales in Local Areas
12 News, Nov. 25, 2024-Dani TravisThe red-hot housing market is somewhat cooling down in our area.Click here for more
Fix-and-Flip Investors Say They’re Discouraged by Higher Mortgage Rates, Home Prices
HousingWire, Nov. 22, 2024-Kennedy EgertonAs low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market …
Rental Home Investors Poised to Benefit as Mortgage Rates, High Home Prices Sideline Buyers in 2025
The Associated Press, Nov. 22, 2024-Alex VeigaLOS ANGELES — Rental homes will remain an attractive option next year to would-be homebuyers sidelinedClick here for more
Time for a Makeover: Trade Groups Want a Revamp of the Major Flood Insurance Program
HousingWire, November 21, 2024-Brooklee HanThe National Flood Insurance Program is up for renewal next month, but after more than 30 short-term extensions, housing trade groups want more. (MBA interview)Click here for …
Americans Are Investing in ‘Hurricane-Resistant’ Homes
CNN, Nov. 12, 2024-Oscar HollandFlood insurance in hurricane-prone Crystal River, Florida would have cost Gene Tener $12,000 a year.Click here for more (subscription)
Dropping Homeowners Coverage Could Prove Costly
The Housing Scene, Nov. 15, 2024-Lew SichelmanIf you’re a homeowner who’s considering canceling your insurance coverage due to the high cost, think twice. Your lender will most certainly object, assuming …
MMI Fund Capital Reserve is Now 5X Larger Than Required
HousingWire, November 15, 2024-Chris ClowHUD and the FHA reported a solid year of financial performance for the Mutual Mortgage Insurance Fund, covering FHA’s Title II Single Family Mortgage Insurance programs. …