Jessica Guerin

Jessica Guerin

Jessica Guerin is an editor at HousingWire covering reverse mortgages and the housing wealth space. She is a graduate of Boston University and has a master’s degree from Northwestern’s Medill School of Journalism. She worked previously as the editor-in-chief of The Reverse Review magazine, which was recently acquired by HousingWire.

ARTICLES

  • ATTOM: Foreclosure activity falls to 13-year low

    YOY foreclosure filings decline for 6th consecutive month
    Foreclosure activity has reached its lowest point since 2005, falling 8% from the previous year, according to ATTOM Data Solutions. Foreclosure filings – which include default notices, scheduled auctions and bank repossessions – were reported on 624,753 properties in 2018, down 78% from their 2010 peak of 2.9 million.
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  • PennyMac jumps into home equity business

    Rolls out HELOC product for existing customers
    PennyMac is betting on opportunity in home equity lending, announcing Friday that its Loan Services subsidiary will now offer HELOCs. The nonbank's foray into home equity lending comes at an interesting time, as some experts say certain market dynamics signal the likelihood of an impending home equity boom, while others are saying quite the opposite.
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  • HECM margins hover in 2% range

    Market finds competitive footing after volatile year
    Margins on adjustable-rate reverse mortgage loans averaged 1.96% in November, according to Baseline Reverse's latest Margin Report. This represents only a slight dip from previous months and suggests that margins have stabilized as lenders adjust to product changes.
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  • Harvard: Home remodeling will slow down significantly by year's end

    After a strong run, home improvement activity to return to average
    Home improvement and repair activity is going to slow considerably by the end of 2019, according to the Joint Center for Housing Studies of Harvard University. Flat home sales, slowing home-price growth and rising rates will bring spending back to average levels in the year ahead.
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  • Veros predicts home price growth will weaken in 2019

    Housing supply and interest rates play a role
    The latest VeroFORECAST from valuations provider Veros Real Estate Solutions predicts an average appreciation of 3.9% over the next year in the 100 most populous markets surveyed – down from the 4.5% predicted last quarter as the company foresees "a definite slowing down of most markets."
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  • Top 10 reasons why borrowers pursue a jumbo reverse mortgage

    AAG borrower survey pinpoints market potential
    American Advisors Group has surveyed borrowers who have chosen its private-label AAG Advantage loan to determine what prompts seniors to pursue a jumbo reverse mortgage. The results highlight the vast differences between the average reverse mortgage borrower – whose financial situation is often tenuous – and those who pursue a jumbo reverse to access the equity in a higher-value home.
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  • Tesla exec to lead operations at Roofstock

    Fiona Taylor named VP of operations at rental giant
    Single-family rental giant Roofstock has hired Fiona Taylor as vice president of operations. Taylor previously served as senior director of Business Operations and Customer Service at Tesla, is well-versed in helping companies on the brink of extreme growth.
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  • Federal Reserve says student debt has hampered housing market

    Links rise in debt to drop in homeownership and urban exodus among younger set
    Student debt has impacted the housing decisions of young Americans, the Federal Reserve said, delaying homeownership and prompting a significant number of college grads to move away from rural areas. Researchers estimated that 400,000 borrowers who could have purchased a house didn’t because of their debt.
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  • OCC names new chief operating officer

    Morris Morgan to aid in bank oversight
    The Office of the Comptroller of the Currency has appointed Morris Morgan as senior deputy comptroller and chief operating officer, a role created to enhance the agency’s reporting structure. As COO, Morgan will oversee a number of the OCC's bank supervision units.
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  • Microsoft pledges $500 million to address Seattle's affordable housing problem

    Aims to lessen negative impact of tech boom on Seattle residents
    Microsoft has pledged $500 million to fund the construction of affordable housing in the Seattle area. The effort is a move to address criticism that tech companies have pushed out lower income residents, as an influx of well-paid tech employees have descended on the area, driving up home prices and making Seattle one of the most expensive cities to live in the nation.
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