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

  • The most expensive towns in the U.S. – and what it costs to live there

    Here’s how much you need to make to live in the top 10 priciest ZIP codes
    Everyone knows that living in Beverly Hills, California, or Greenwich, Connecticut, doesn’t come cheap. But how much, exactly, does it take to live there? A recent report by GOBankingRates spells it out, naming the most expensive ZIP codes in each state and determining what it costs to comfortably live there – and the results are staggering.
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  • More young families opt to rent instead of buy

    Homeownership for families with young kids drops 14%
    More young families chose to rent instead of buy in the 10-year span from 2006-2016, according to a study by RENTCafé. Likely influenced by rising home prices, tough lending rules and a lack of entry-level homes, the number of families with minor children that owned a home decreased by 3.6 million.
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  • Foreclosure filing activity down nationwide

    But some local markets show an uptick
    Foreclosures in the first half of 2018 are far below the peak of 1.6 million in 2010, but 40% of local markets showed an uptick in foreclosure starts, prompting one expert to blame loosening lending standards.
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  • Growing number of Americans say now is a bad time to buy a home

    Suggests lingering memories of the housing crash may slow home price growth
    There’s been a distinct uptick over the past year in the number of Americans who say now is a bad time to buy a home, and a sizable number point to high home prices as the primary reason. But caution might be a good thing, according to one think tank, as it could serve as a necessary weight tempering housing demand.
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  • Most Americans want to own a home in retirement

    Survey reveals 85% want to own, and most don’t plan on having a mortgage
    For many, retirement goals include travel, leisure and, apparently, homeownership, as a survey reveals 85% of non-retirees want to own a home when they're in retirement. But the grim reality is that a good number of Americans may still carry mortgages into retirement, and that’s why some experts say reverse mortgages deserve a second look.
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  • Reverse mortgage volume falls to 13-year low

    Despite record levels of tappable home equity, program changes have squashed volume
    Reverse mortgage endorsements have dropped 15.5% in June from the previous month, hitting a low the industry hasn’t seen since 2005. To help turn things around, lenders in the space are working to innovate, creating private equity release products that might provide an answer to the industry’s problems.
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  • Overall share of equity withdrawals drops to 4-year low

    Just over 1% of available equity was tapped last quarter
    American homeowners have record amounts of equity in their homes, $5.8 trillion to be exact. But the percentage of tappable equity withdrawn fell in the first quarter of 2018 to the lowest share in four years as higher interest rates impact borrowers' decisions.
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  • UPDATE: CFPB details HMDA exemptions

    Small-volume lenders can forgo some reporting requirements
    The CFPB is taking the sting out of HMDA. The bureau now says lenders that originated fewer than 1,000 loans in the past two years can bypass some of HMDA's reporting requirements – a move that plays into the Trump administration's mission to scale back regulatory authority.
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  • HomeStreet to sell a piece of its mortgage servicing portfolio

    Bank will sell $5B of its single-family MSRs to Matrix Financial
    Seattle bank HomeStreet announced this week it will sell a piece of its mortgage servicing rights to Matrix Financial Services. The deal, which includes an unpaid principal balance of $4.9 billion in single-family MSRs, amounts to approximately 20% of the bank’s single-family servicing portfolio.
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  • Morgan Stanley fined for failing to protect clients

    Agrees to pay SEC $3.6M for weak policies
    Morgan Stanley agreed to pay a $3.6 million fine after regulators determined it failed to detect or prevent the misappropriation of client funds, the U.S. Securities and Exchange Commission said Friday. As part of the agreement, Morgan Stanley did not admit or deny any wrongdoing.
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