Items Tagged with 'homeowners'

ARTICLES

  • 6 Questions with 6 HUD Executives, Ep. 3: FHA Commissioner Brian Montgomery

    In this exclusive interview, Montgomery discusses tech development at HUD and more
    Brian Montgomery's role as FHA commissioner is a far cry from back when he thought he’d become a geologist, before housing “got into [his] blood,” as he tells HousingWire Editor-in-Chief Jacob Gaffney in our latest, exclusive podcast series: 6 Questions for 6 HUD Executives.
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  • People now purchasing vacation homes for profit over pleasure

    According to a study by Savills and HomeAway, two-thirds of vacation homeowners rent out their properties to cover costs
    Over the past ten years, homebuyers motivations for buying vacation homes has moved from pleasure to profit. According to research from Savills and HomeAway, for the first time ever, vacation home buyers now prioritize rental income over personal use.
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  • Mortgage lender mix-up nearly costs woman her home

    SWBC failed to pay property taxes, borrower informed her home was for sale
    It’s not uncommon for borrowers to roll their property taxes into their mortgage payment, leaving their lender to oversee the annual bill. That’s what Carla Rubeo had set up with SWBC, the mortgage lender for her condo in Antioch, Tennessee. Although now, it’s likely she wished she hadn’t.
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  • Here are 5 costs homeowners often overlook

    And the best ways to avoid them
    Purchasing a home may be the biggest decision you make your entire life. The way you choose to invest your money could either set you up for failure or success. Hippo, an InsureTech company, lists 5 hidden homeownership costs and provides some insight on the best ways to avoid them.
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  • Want an extra $1,000 to pay off your mortgage?

    New Jersey senator proposes tax credit relief
    A New Jersey senator proposes a $1,000 tax credit to help middle-class homeowners pay off their mortgages. With home prices increasing at least twice the rate of inflation, the measure could bring much-needed relief to Garden State homeowners.
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  • Freddie Mac: Mortgage rates are virtually stagnant

    Sluggish construction activity deterring growth
    Mortgage rates remained flat this week, likely due to a lack of construction activity, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said mortgage rates moved sideways, primarily because of the mixed bag of economic data released this week.
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  • Zillow: Blacks and Latinos have to spend more than 30% of income to pay rent

    San Francisco, Los Angeles, Boston and New York are typically unaffordable for blacks and Latinos
    As rental prices continue to rise to record levels, new research from Zillow indicates that a disproportionate percentage of blacks and Latinos cannot afford to rent. This is because black and Latino income remains below their counterparts, hindering affordability in the majority of the 50 largest metros nationwide.
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  • Freddie Mac: Mortgage rates moderately increase

    Higher wages and better benefits increase home affordability
    Rising employment and increasing wages led to a slight climb in mortgage rates, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater says global trade tensions are keeping investors cautious, thus borrowing costs have become more affordable for potential homebuyers.
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  • Fannie Mae: Both renters and homebuyers feel pessimistic about affordable housing availability

    Affordability concerns could be keeping people in their homes and contributing to inventory shortage
    Renters and owners are more likely to be concerned about housing affordability when they have to find a new place to live compared to the affordability of where they already live, according to a report from Fannie Mae. Basically, people feel more comfortable paying what they pay now and are concerned that their payment (whether it's rent or a mortgage) will be less affordable than what they currently have.
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  • Freddie Mac: Mortgage rates finally settle down

    Rates continue to decline
    Mortgage rates declined in four of the past five weeks, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater says that over the past two months mortgage rates have stabilized and are finally starting to settle down.
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