Mortgage lenders loanDepot and Cardinal Financial are the targets of class-action-seeking lawsuits alleging deceptive practices, negligent misrepresentation and gross negligence against Texas homeowners. In a pair of lawsuits filed in a state court in Dallas County,... Read more »
Homeowners are increasingly concerned with flood insurance premium hikes impacting affordability, Fannie Mae‘s latest national flood survey showed. Despite people’s personal flooding experience, consumers have a poor understanding of the flood risk... Read more »
Rising home prices have pushed the third quarter’s tappable home equity amount near its 2022 peak, but interest rates are making homeowners reluctant to extract that wealth. Mortgage holders withdrew a mere... Read more »
While prospective homebuyers are grappling with still-elevated mortgage rates, a growing share of Americans are enjoying being mortgage-free. In 2022, nearly 40% of U.S. homeowners owned their homes outright, according to Census... Read more »
A brewing crisis is emerging around homeowners insurance and thus far the finance and insurance community has not offered any viable solutions. The annual number of weather/climate-related disasters exceeding $1 billion per event has... Read more »
Selling pre-foreclosure is often the best option for distressed homeowners who don’t qualify for any loss mitigation programs, but those homeowners are understandably hesitant to choose that option and often end up... Read more »