Housing Wire

JUNE 5, 2024

Today, HUD is providing new resources for preserving and revitalizing these communities by providing FHA-insured financing to mission-focused groups to buy or refinance and revitalize manufactured homes. “Manufactured home communities offer a stable and affordable housing option for many families,” Todman said in a statement.

Loans 529

Loans Finance Renovation Equity 529

Housing Wire

APRIL 15, 2024

Based on the selling guides in use by the GSEs, property sellers are allowed to make financing concessions toward the borrower’s closing costs at a maximum amount of 2% to 9% of the property value. NAR has also reached out to the U.S.

Agents 532

Agents Seller concession VA loan Finance 532

Housing Wire

OCTOBER 18, 2024

Some owners of older condo units have had to list at prices far below what they bought the units for because special assessments are so high (and are difficult to finance). This could result in the local community banks and credit unions providing the financing, likely with maximum loan-to-value ratios of 80% or less.”

Mortgages 524

Mortgages Marketing Lending Finance 524

Housing Wire

JULY 31, 2024

Interest rate impact Financing a home today is undeniably much more expensive than just a few years ago. The median home in 2019—priced at $212,000 and financed with a 30 year mortgage for 3.75%—would carry a monthly cost of under $900. This is an annual growth rate of almost 14%—far higher than the long run average rate of 4%.

Finance 493

Finance Mortgages Construction Banks 493

Housing Wire

SEPTEMBER 19, 2024

Kristen Sieffert At industry leader Finance of America (FOA), company president Kristen Sieffert said that the impact on both the company and the industry will be very evident. The negative impacts of higher rates have also pushed seniors to seek out more expensive traditional financing instruments, he explained. “We

Mortgages 493

Mortgages Lending Finance Industrial 493

Housing Wire

JANUARY 7, 2025

Credit reporting errors can have serious consequences for a familys finances, and it is critical that credit reporting giants follow the law. The lawsuit against Experian follows one filed by the CFPB against Vanderbilt Mortgage & Finance , part of Warren Buffetts conglomerate Berkshire Hathaway.

Finance 418

Finance Banks Mortgages Loans 418

Housing Wire

NOVEMBER 14, 2024

The CBO analyzed data from the Federal Housing Finance Agency (FHFA) data in its report. Fannie and Freddie are also legally mandated to follow housing goals that “serve as benchmarks for measuring how the GSEs facilitate the financing of affordable housing for low-income families,” the report stated.

Loans 537

Loans Finance Mortgages Development 537

Housing Wire

SEPTEMBER 5, 2024

In this executive conversation, Steven Katz, Executive Vice President and Chief Investment Officer of Residential Financing at Arbor Realty Trust, shares his thoughts on the burgeoning build-to-rent (BTR) market. Steven Katz: A lot of the renters are renters by choice, not renters by necessity. We have also been a bridge lender for decades.

Marketing 475

Marketing Construction Investor Finance 475

Housing Wire

JANUARY 3, 2025

These green building benefits associated with modular construction do not come with the dreaded green cost premium even though recent research shows that developers are willing to pay an average 10% more on construction costs if it allows their business to shift towards a more circular and sustainable business model.

Development 435

Development Construction Investor Finance 435

Housing Wire

OCTOBER 31, 2024

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door. As part of the deal that closed Oct. As part of the deal that closed Oct. It is also offering $3.5

Lending 489

Lending Mortgages Loan Officer Principal 489

Housing Wire

OCTOBER 24, 2024

“I knew things were going down, but I didn’t know how bad it was until people started knocking on our door.” Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. There is nothing like that face to face.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

OCTOBER 15, 2024

That was down 18% year over year, per Inside Mortgage Finance estimates. It also must provide $7 million for a home loan subsidy program in majority-Black neighborhoods, and it must pay at least $1 million to serve the neighborhoods it redlined , according to the terms of the agreement released on Tuesday. The company ranked No.

Lending 468

Lending Loan Officer Loans Mortgages 468

Housing Wire

OCTOBER 21, 2024

That’s according to a recent index released by Veterans United Home Loans to measure the financial health and optimism of veterans, active-duty service members and civilians in terms of home purchase timelines and motivating factors, personal finance and their outlook for the U.S. It also shows up in their personal finances.

Finance 476

Finance Mortgages Loans Marketing 476

Housing Wire

JULY 23, 2024

The survey of 1,180 real estate agents across six Mid-Atlantic states and the District of Columbia found that 14% of sellers in June saw a contract fall through due to a buyer’s inability to secure financing, which was up from 11% in May. Data from the U.S. Census Bureau and the U.S. year over year in June. In total, Fannie is forecasting $2.11

Mortgages 511

Mortgages MLS Finance Loans 511

Housing Wire

SEPTEMBER 10, 2024

Diana’s proven track record and vast experience in housing finance, real estate and capital markets make her an excellent choice to further Freddie Mac’s mission-driven work,” said Lance Drummond, the non-executive chair of the company’s board of directors. “I Diana Reid, Freddie Mac’s new CEO.

Finance 448

Finance Banks Mortgages Equity 448

Housing Wire

MARCH 15, 2024

You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.” NAR said that the changes , if approved by the court, will go into effect in mid-July 2024.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

SEPTEMBER 5, 2024

Retirement in America comes with a lot of concerns related to finances and health, with both of these issues often being intertwined. This is according to Sandra Block, a personal finance editor at Kiplinger , in an article about navigating retirement hurdles and the considerations that go into later-life spending.

Equity 459

Equity Finance Mortgages As-is 459

Housing Wire

DECEMBER 20, 2024

The Federal Housing Finance Agency (FHFA) this week announced a new final rule establishing affordable housing goals for the loan purchases of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from 2025 through 2027. The goals, originally proposed in August , are largely unchanged from the initial draft.

Finance 502

Finance Loans Mortgages Development 502

Housing Wire

AUGUST 1, 2024

When asked if they feel better about their finances compared to one year ago, 63% of veterans and 59% of civilians said yes. Department of Veterans Affairs (VA), it financed more than $17 billion in VA loans in 2023, making it country’s largest VA lender. Each of these numbers are higher than a year ago.

VA loan 508

VA loan Loans Finance Mortgages 508

Housing Wire

SEPTEMBER 5, 2024

The report calls on more states and cities to pass “source of income” or “source of financing” anti-discrimination statutes and enforce them to protect homebuyers. The CFA also called on real estate associations to better educate agents on sources of financing discrimination and how to successfully work with FHA buyers.

FHA loan 476

FHA loan Debt-to-income ratio Inspection Finance 476

Housing Wire

SEPTEMBER 11, 2024

Financing these improvements can be an obstacle too. The article cites a reverse mortgage as a potential financing vehicle for older homeowners, since the debt doesn’t need to be satisfied until the home is sold. As the preference grows, one group — homebuilders — is uniquely positioned to address these desires and profit from them.

Renovation 468

Renovation Finance As-is Mortgages 468

Housing Wire

SEPTEMBER 9, 2024

Better Home & Finance Holding Co. , With this launch, we are reducing the traditional barriers that exist for FHA borrowers and delivering flexible financing solutions at a timely moment for consumers across the country,” Vishal Garg , CEO and founder of Better.com, said in a statement.

FHA loan 448

FHA loan Loans Closing costs Finance 448

Housing Wire

AUGUST 7, 2024

The data was derived from the 2022 Federal Reserve Survey of Consumer Finances, the most recent data that is available. One of the biggest culprits is credit card debt, EBRI explained. The overall percentage of families headed by someone age 75 or older who carry credit card debt has reached its highest level since the early 1990s.

Finance 482

Finance Design As-is 482

Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. They sell for just under $3 million.

Construction 497

Construction Development Finance Mortgages 497

Housing Wire

DECEMBER 17, 2024

PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers. The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology.

Loans 394

Loans Mortgages Finance Lending 394

Housing Wire

JANUARY 10, 2025

Leading reverse mortgage industry lender Finance of America (FOA) also expressed concern for residents and affiliates impacted by the wildfires and is working to deploy its own resources quickly. Please be safe. The situation in Los Angeles is heartbreaking. Forbearance assistance typically lasts three to six months, but can be extended.”

Industrial 395

Industrial Mortgages Loans Finance 395

Housing Wire

SEPTEMBER 23, 2024

Reed brought a banking and finance background to real estate when she became an agent in 2016 and has shown a knack for marketing. Nicole has leveraged her career in finance to provide clients with a unique skill set that will be even more valuable as buyers become more discerning as they select an agent.

Brokerage 448

Brokerage Agents Finance Technology 448

Housing Wire

DECEMBER 18, 2024

As short-term interest rates decrease, some lending opportunities, such as land purchases and apartment financing, are improving. Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. We will soon find out. percent (10.6

Construction 509

Construction Residential Sales Mortgages 509

Housing Wire

APRIL 24, 2024

Alongside Gallo, Mehmet Elmas was also named in the complaint, filed by a special agent working under the Office of the Inspector General (OIG) at the Federal Housing Finance Agency (FHFA). Attorney’s Office, District of New Jersey according to an announcement by the U.S. Department of Justice (DOJ) and U.S. Attorney Philip Sellinger.

Mortgages 543

Mortgages Loans Banks Finance 543

Housing Wire

JANUARY 6, 2025

” Woodwell’s new areas of focus will include MBA’s public policy and member engagement efforts across all commercial real estate financing sectors. .” ” Woodwell’s new areas of focus will include MBA’s public policy and member engagement efforts across all commercial real estate financing sectors.

Commercial 394

Commercial Finance Land Mortgages 394

Housing Wire

AUGUST 15, 2024

The secondary mortgage market provides billions of dollars in overall funding, making more credit available to borrowers nationwide to promote stable housing financing. As home prices rise and high interest rates persist, many Americans are delaying purchasing a home, believing they cannot afford it or that now is a bad time to buy.

Industrial 476

Industrial Fixed-rate mortgage Banks Loans 476

Housing Wire

OCTOBER 18, 2024

The process only takes 48 hours, after the buyer completes a virtual appraisal with Calque. “Together, we’re changing the way people think about home financing by offering solutions that work for real people in real markets.” Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease.

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Equity Finance 448

Housing Wire

NOVEMBER 18, 2024

The Federal Housing Finance Agency (FHFA) on Monday announced that it will raise the 2025 multifamily loan caps for purchases by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to $73 billion each. FHFA Director Sandra Thompson said that the new caps highlight the agency’s efforts to make rental housing more affordable.

Loans 459

Loans Finance Mortgages Marketing 459

Housing Wire

NOVEMBER 15, 2024

But in Greater Austin , the “Holiday of Homes” offers flex cash — which can be used towards design selections or structural options — and financing. While shoppers flock to malls and online retailers for Black Friday deals, M/I Homes is shifting the focus to residential real estate with holiday incentives that rival traditional doorbusters.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

SEPTEMBER 3, 2024

Kristen Sieffert, president of industry-leading lender Finance of America (FOA), said that a potentially new rate environment heightens reverse mortgage potential for new customers. Elevated interest rates have been part of the reality for the forward and reverse mortgage channels since the waning days of the COVID-19 pandemic.

Mortgages 468

Mortgages Equity Finance Lending 468

Housing Wire

JUNE 11, 2024

It has been a bit more of a challenge recently for buyers to obtain financing and afford homes, so for a seller, having a cash offer that is backed by a company that has bought tens of thousands of homes can give them the security they may want.”

Finance 488

Finance Industrial Agents As-is 488

Housing Wire

NOVEMBER 21, 2024

I discussed this on Yahoo Finance this morning. Traditionally, home prices soften in the second half of the year and I had counted on this for my price forecast , which predicted 2.33% home-price growth for 2024. However, that didn’t happen. The charts below show the key data lines from the NAR existing home sales report.

Mortgages 491

Mortgages Finance Sales As-is 491