Home Equity Lending News, December 1, 2024Credit scores on home-equity products have declined by four points from a year ago, though a quarter-over-quarter improvement was observed.Click here for more
Category: Top National News
Frozen Home-Improvement Spending Could Take Time to Thaw
The Wall Street Journal, Nov. 26, 2024-Jinjoo LeeAmericans’ $35 trillion home-equity stash is a potential treasure trove for home-improvement retailers, if only stubbornly high borrowing costs would come down.Click here for …
The ‘Silver Tsunami’ Will Hit South Florida Even Harder
HousingWire, Nov. 30, 2024-Chris ClowCommunities across the country, particularly those that are popular among retirees, are seeing an influx of older residents as a “silver tsunami” — based on population …
Climate Change Drives Up Insurance Costs — and Missed Mortgage Payments
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 …
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 …