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Tag Archives: homeowner

Homeowners Underinsured for Certain Natural Disaster

flooding

A new report by ValuePenguin.com states that just 7% of homeowners have a flood insurance policy, despite floods being the most common natural disaster. The Atlantic hurricane season is less than a month away, and while 91% of homeowners have ...

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New Bill Addresses Reverse Mortgage Foreclosures

gavel

The Philadelphia City Council recently introduced a bill to help prevent reverse mortgage foreclosures when a homeowner is in a payment agreement for real estate taxes on their homes. As a requirement for a reverse mortgage, borrowers must remain current ...

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Equity To Borrowers Hits 11-year High

Rising home prices nationally have created the strongest equity economy since 2006, according to a new report by Black Knight. Borrowers have nearly $5 trillion in equity to tap into, and the number of underwater borrowers has dropped dramatically. Refis account for a stronger share of borrowing than they have for years.

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Homeownership Rates Low for Asian, Pacific Islander Demos

Despite rising steadily in numbers over the last decade, the Asian American and Pacific Islander population is showing homeownership rates well below the national average. Rates are also below that of other demos, particularly of non-Hispanic whites. Experts say this data reveals untapped potential.

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