Extreme weather and high insurance costs pose foreclosure risk

The rising cost of homeowners’ insurance coupled with the rising regularity of weather-related natural disasters is serving to erode the longstanding barrier between mortgage lenders and loan losses, according to a new report published by First Street. As the frequency of disasters has risen — desta
Read MoreRural America isn’t immune to housing squeeze

Rural areas of the U.S. that have long been viewed as a refuge for affordable homeownership are now grappling with rising prices, limited inventory and increasing competition — pressures once thought unique to urban housing markets.“Even the term ‘affordable’ feels like a relic of the past,” said Ja
Read MoreThe Agency’s Rainy Hake Austin on leadership and AI integration

Rainy Hake Austin, president of The Agency, joined Tracey Velt on this week’s episode of the RealTrending podcast to discuss the evolving landscape of real estate leadership and operations.The Agency, which is ranked No. 13 by sales volume and is the fourth-largest largest privately held independent
Read MoreLongbridge’s new proprietary reverse mortgage aims to preserve home equity for heirs

Citing the desire among many older homeowners to leave their homes to members of their family, New Jersey-based reverse mortgage lender and servicer Longbridge Financial has announced a new proprietary reverse mortgage product that aims to help borrowers preserve home equity for their heirs.The late
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