American Homeowner Preservation

9% hike in home insurance rates, falling home values, and upside down mortgages ahead in 2023

Retrieved on: 
Tuesday, April 4, 2023
Other Consumer, Construction & Property, Insurance, Finance, Banking, Professional Services, Family, Consumer, Other Construction & Property, Residential Building & Real Estate, Federal Emergency Management Agency, Policy, Fed, City, Weather, Theft, American Homeowner Preservation, United States Census Bureau, Center for Economic Studies (U.S. Census Bureau), Climate change, Insurify, Real estate, Property insurance

Homeowners may notice an increase of hundreds of dollars for one year to the next,” Shawn Powers, Insurify’s Vice President of Insurance Sales said.

Key Points: 
  • Homeowners may notice an increase of hundreds of dollars for one year to the next,” Shawn Powers, Insurify’s Vice President of Insurance Sales said.
  • While this is a great way to find a better price, homeowners may find their current carrier is not alone in raising rates."
  • Insurify projects home insurance rates will increase an additional 9%, following a 7% increase from the previous year.
  • Unsurprisingly, theft was the most common home insurance claim identified by the survey.

MAJOR APPLIANCE BLUES: AMERICAN HOMEOWNERS HAVE SPENT $68.1 BILLION REPAIRING OR REPLACING BROKEN HOUSEHOLD APPLIANCES

Retrieved on: 
Tuesday, March 1, 2022
Online, Habit, Frustration, Investment, Census, The Waiting Game, Industry, Heat, Electronics, Multimedia, View, American Homeowner Preservation, SAN, COVID, Research, Time, Home appliance, Retail, Consumer electronics

It found:

Key Points: 
  • It found:
    Move Over Online Shopping: Nearly half of American homeowners (43%) bought an appliance in the past year.
  • Of the 42% of homeowners who had an appliance malfunction during COVID, 74% were comfortable scheduling in-home repairs.
  • If It's Broke, Fix It: When appliances broke, American homeowners' most common course of action was replacing the appliance (56%), up from 46% before the pandemic.
  • That'll Cost You:Just over half (55%) of homeowners spent money repairing or replacing broken appliances, costing an average of $713 each.

American Homeowner Preservation Announces New Chief Revenue Officer Tim Gillis

Retrieved on: 
Thursday, April 8, 2021
Articles, American Homeowner Preservation, Economy, AHP, Money, Subprime mortgage crisis, Gillis, Crowdfunding

CHICAGO, April 8, 2021 /PRNewswire/ --American Homeowner Preservation Inc., an innovative crowdfunding platform that raises capital to buy some of the most distressed mortgages in the country at discounts, announced the promotion of Tim Gillis to Chief Revenue Officer.

Key Points: 
  • CHICAGO, April 8, 2021 /PRNewswire/ --American Homeowner Preservation Inc., an innovative crowdfunding platform that raises capital to buy some of the most distressed mortgages in the country at discounts, announced the promotion of Tim Gillis to Chief Revenue Officer.
  • "The addition of Mr. Gillis to American Homeowner Preservation will maximize revenue and help create partnerships with existing and new clients," said Jorge Newbery, AHP LLCfounder and CEO.
  • "I am excited to be joining American Homeowner Preservation at such a pivotal time in the evolution and trajectory of the company," said Tim Gillis, CRO.
  • About American Homeowner Preservation: American Homeowner Preservation (AHP) is crowdfunding an innovative solution to the mortgage crisis faced by millions of Americans.

FHLBank Atlanta Announces 2021 AHP General Fund Offering

Retrieved on: 
Monday, February 22, 2021
Atlanta, AHP, Krasue, Legendary creatures, Folklore, Group decision-making, Comparative mythology, American Homeowner Preservation

ATLANTA, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that the application process for its 2021 Affordable Housing Program (AHP) General Fund round will open on April 9, 2021.

Key Points: 
  • ATLANTA, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that the application process for its 2021 Affordable Housing Program (AHP) General Fund round will open on April 9, 2021.
  • FHLBank Atlanta member financial institutions and their community housing partners will be awarded up to $500,000 for individual AHP General Fund projects through a competitive application process.
  • Arthur Fleming, Senior Vice President and Director of Community Investment Services, notes that FHLBank Atlanta has awarded more than $817 million through the AHP General Fund since 1990.
  • Potential applicants need to work with an FHLBank Atlanta member financial institution to complete the AHP General Fund application.

AHP Servicing Signs 10-Year Contract to Use Black Knight's Suite of Servicing Technologies, Including the MSP Servicing System

Retrieved on: 
Wednesday, November 13, 2019
Loan servicing, Loans, Mortgage, Economy, Money, Finance, Black Knight, Servicing, Mortgage servicer, American Homeowner Preservation

JACKSONVILLE, Fla., Nov. 13, 2019 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) announced today that AHP Servicing , the country's only crowdfunded residential loan servicer, has signed a contract for multiple Black Knight servicing solutions, including MSP, Black Knight's industry-leading mortgage and home equity servicing system.

Key Points: 
  • JACKSONVILLE, Fla., Nov. 13, 2019 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) announced today that AHP Servicing , the country's only crowdfunded residential loan servicer, has signed a contract for multiple Black Knight servicing solutions, including MSP, Black Knight's industry-leading mortgage and home equity servicing system.
  • AHP Servicing will use MSP to manage all of its mortgage servicing processes, including loan boarding, customer service, payment processing, escrow administration, default management and more.
  • "AHP Servicing is expanding its business and looking for a system to help us better service loans for our investors and borrowers.
  • "AHP Servicing chose Black Knight because our suite of innovative products can help them grow revenue, improve margins and reduce risk."

AHP Servicing Re-Opens to Crowdfunding Investments

Retrieved on: 
Tuesday, November 5, 2019
Loans, Economy, Money, Finance, Loan servicing, Mortgage, Mortgage loan, American Homeowner Preservation

CHICAGO, Nov. 5, 2019 /PRNewswire/ -- AHP Servicing ("AHP") , a nationwide servicer of non-performing residential mortgages, announced today that it has re-opened investment in its Regulation A+ Offering.

Key Points: 
  • CHICAGO, Nov. 5, 2019 /PRNewswire/ -- AHP Servicing ("AHP") , a nationwide servicer of non-performing residential mortgages, announced today that it has re-opened investment in its Regulation A+ Offering.
  • After a successful launch, the company raised over $15 million and put a temporary hold on investments until the funds raised were deployed.
  • As a result, AHP has chosen to eschew competitively bidding on pools.
  • In addition, AHP is now partnering with others on the purchase of distressed assets, primarily pools of non-performing residential first mortgages.

AHP SERVICING Unveils New $50 Million Regulation A Offering

Retrieved on: 
Wednesday, November 7, 2018
Economy, Money, Finance, Loans, American Homeowner Preservation, AHP, Loan servicing, Servicing, Crowdfunding, Mortgage servicer, Mortgage loan

"With this Offering, AHP SERVICING empowers socially responsible investors to help financially strapped borrowers and homeowners retain their properties while offering investors a competitive preferred rate of return," said DeAnn O'Donovan, President and CEO of AHP SERVICING.

Key Points: 
  • "With this Offering, AHP SERVICING empowers socially responsible investors to help financially strapped borrowers and homeowners retain their properties while offering investors a competitive preferred rate of return," said DeAnn O'Donovan, President and CEO of AHP SERVICING.
  • AHP SERVICING's sister company, American Homeowner Preservation (AHP), was the nation's first crowdfunded distressed mortgage offering.
  • AHP SERVICING combines all necessary functions in the mortgage servicing process brought together under one roof, under stricter controls.
  • O'Donovan noted that AHP SERVICING is actively seeking socially responsible investors who are looking for investments that make real differences in people's lives.