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NRMLA, MBA provide comments on HECM application, origination documents

Housing Wire

However, since the reverse mortgage industry has been using the FNMA1009/HUD 92900–A for a long time, before making the switch to the FNMA-1003/HUD 92900-C we would like the opportunity to comment on the new HUD 92900-C when that form is made available to the public.” Following an announcement that the U.S.

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UWM rolls out construction-to-permanent loans

Housing Wire

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. The loan will cover an 11-month maximum build period with a one-month modification.

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Appraising New Construction: Guidance for Follow-Up Inspections

McKissock

While most appraisals only require a single field visit—and in some cases none—when it comes to appraising new construction, you may need to visit the property several times. You will also need to conduct a final inspection. Inspection during construction. Final inspection. Be completely honest.

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The current REO market requires an expansion of services for business growth

Housing Wire

Balancing supply and demand is a delicate dance between new construction and existing properties. Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability. Demand for existing homes — including REO assets — outpaces the available supply. territories.

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Should You Get a New Construction Home Inspection? Our Best Buyer Advice

HomeLight

When you’re buying an existing house, there’s hardly any question that you’d want a home inspection. However, that decision might not seem as obvious when you’re buying a brand new house : should you get a new construction home inspection?

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Should I Waive a Home Inspection? Why Buyers Are Willing To Right Now

Realtor.com

When we finally did go under contract on this third home, we learned of another issue: Home inspectors in the area were booked for two weeks and up, but our contract stated that we had only seven days to get an inspection done. We got lucky, but it left me wondering: Is it ever OK to waive a home inspection?

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Low inventory creates challenging conditions in North Carolina’s housing market

Housing Wire

In addition to a lack of existing-home inventory, North Carolina is also struggling to grow its supply of new single-family homes. “We We have so much new construction happening. I was talking to a broker the other day who has two new single-family communities coming online,” she said.

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