Natural Disasters are Pushing Up Insurance Rates
Tue, 30 Nov 2021 22:19:37 +0000

Natural disasters occurred in every state over the course of 2020 in the tunes of thousands of these events sprinkled across the states. While one would expect California or Florida to lead in the amount of natural disasters that occur every year, though in reality the states with the highest counts were South Dakota, Virginia, and Texas.  Winter storms in Texas, for example, accounted for 40% ...

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Is Selling Your Home for Bitcoin a Wise Move?
Tue, 30 Nov 2021 21:18:11 +0000

The housing market’s unfettered rise over the last year has been nothing but historic as homeowners have now realized over $2.9 trillion in equity gains—but this rise has been overshadowed by an asset that has only existed since 2009: Bitcoin.  Bitcoin, a universal cryptocurrency, can be used today to buy everything from groceries to houses using a digital wallet. Since it’s inception, ...

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Vinay Goel Joins Kiavi as SVP of Products
Tue, 30 Nov 2021 20:29:04 +0000

Former Google Director joins real estate investor lender leadership team to enhance the firm’s tech offerings.

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FHFA Announces Conforming Loan Limits for 2022
Tue, 30 Nov 2021 18:02:18 +0000

In a banner year for the industry, the ascension in home prices has forced baseline conforming loan limits to rise to $647,200 in 2022.

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Analyzing FEMA’s Flood Insurance Revisions
Tue, 30 Nov 2021 00:08:11 +0000

Bad news for homeowners with a flood insurance policy—for the majority of homeowners in flood zones, rates are more than likely going to go up when the policy renewal time comes around.  Starting October 1, 2021, the Federal Emergency Management Agency (FEMA) switched to a new risk rating system colloquially known as “Risk Rating 2.0” which changes how risk is assessed to homeowners. Previously risk was dependent on ...

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Bidding Wars Trend Down, But Remain High
Mon, 29 Nov 2021 22:05:03 +0000

While bidding wars reached a pandemic peak in April, 60.3% of all offers written by Redfin in October experienced a bidding war, down from the 60.4% in September.  While the decrease in bidding wars is meager, Redfin expected this trend to continue from September due to the seasonal cooling of the market. But looking ahead, Redfin expects this number to plateau, if ...

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Pending Home Sales Rebound in October
Mon, 29 Nov 2021 21:42:00 +0000

Reversing the trend of just one month ago, pending sales of U.S. homes rose 7.5% in October as consumers regained their financial footing to lock in rates before an anticipated rise.

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FHFA Announces Deemed-Issuance Ratio for Next Year
Mon, 29 Nov 2021 18:50:06 +0000

Conforming to IRS guidelines, the FHFA has reported the deemed-issuance-ratio on underlying bonds for 2022.

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Fraud Risk Down Due to More Refinance Volume
Wed, 24 Nov 2021 23:02:46 +0000

The CoreLogic Quarterly Mortgage Fraud Brief is a quarterly report that analyzes the top metropolitan areas with the highest mortgage fraud risk based on the company’s research of trends found in residential mortgage loan applications processed through its LoanSafe Fraud Manager.  According to the report, authored by Bridget Berg, Principal of Industry Solutions and Property Intelligence, a small drop in interest rates was enough to push ...

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Average Rent and Mortgage Payments Rise
Wed, 24 Nov 2021 21:12:19 +0000

As the economy continues to see consumer prices for everything rise across the board, rent and mortgage rates have also increased with some cities seeing a 30% increase in rent prices since last year.  According to Redfin, the average national rent price has increased 13% over the last year, falling behind monthly mortgages which rose 17% during the same time. This ...

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