Homeowners

A resource destination for potential homebuyers seeking to educate themselves on the mortgage process so they can make more informed buying decisions.

ARTICLES

  • Consumers can now freeze their credit for free

    Credit reporting agencies can no longer charge for credit freezes
    It hopefully just got a little more difficult for scammers to abuse someone’s credit information, because, as of Sept. 21, 2018, consumers can now freeze their credit at all three of the major credit reporting agencies, for free. Consider this one the “Equifax rule.”
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  • Airbnb petitions SEC for rule change to allow hosts to become shareholders

    Proposed change would allow gig economy workers to become part owners of gig-based companies
    Airbnb is asking the Securities and Exchange Commission for a rule change so its hosts can become part owners in the company, according to a report from CNBC’s Sara Salinas. The rule in question is Rule 701, an SEC rule governing equity awards of private companies. The changes proposed would allow “gig economy” workers to take up shares in the company.
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  • Average homeowner gained $16,000 in home equity in 1 year

    Report shows equity continued its climb in Q2
    As the economy strengthens, home values continue to appreciate, and that means homeowners are raking in the equity. A report released Thursday by CoreLogic showed that home equity rose 12.3% year over year in the second quarter of 2018, meaning that the average homeowner saw their equity increase by $16,153 in one year’s time.
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  • EasyKnock lands capital infusion to fuel growth

    Sale-leaseback startup wants to partner with HECM lenders
    Sell and stay company EasyKnock is gaining some traction, reporting Wednesday that it received a sizable capital infusion to fuel its growth. Founded last year, EasyKnock is one of the many companies that have emerged to help homeowners access their home equity. The company said it plans to use the seed money to facilitate partnerships with mortgage companies, including reverse mortgage lenders, paying them a referral fee for their rejected customers.
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  • Student debt crushes homeownership dreams

    Survey reveals women and Millennials are most impacted
    Student loan debt has racked up a collective $1.5 trillion bill for 44 million Americans, and its crushing people’s homeownership dreams. According to a recent survey by NeighborWorks America, people with student loans are delaying purchasing a home, with many worried about their debt most or all of the time.
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  • Ellie Mae: Refis just went positive for the first time in 2018

    According to the Origination Insight Report, the rate of refinances closed finally rose in August
    After taking an absolute beating this year, the refinance market just got its first ray of sunshine in 2018. According to Ellie Mae’s Origination Insight Report, the percentage of refinances closed went up for the first time in 2018 in August.
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  • Here’s how people use their home equity

    Survey reveals 44% would use it to consolidate debt
    The amount of tappable equity available to American homeowners recently smashed records by surpassing $6 trillion. And while recent data shows many Americans are holding back on accessing what may be their greatest source of wealth, some are using it, and you might be surprised to hear what they’re spending it on.
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  • Home builders group: New tariffs on Chinese goods are a tax on housing

    New tariffs are slated to affect materials related to housing construction
    New tariffs against China could add $1 billion in costs to goods involved with housing construction. According to CNBC’s Realty Check, the NAHB estimates that of the 6,000 goods under the umbrella of the latest round of tariffs, roughly 600 products, representing $10 billion in goods, are related to the construction of new apartments and homes.
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