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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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CoreLogic integrates CAL FIRE inspection data

Housing Wire

The firm announced Friday that it is incorporating Public Resource Code (PRC) 4291 inspection data into its WFMS. Typically, insurers obtain proof that a property has passed inspection from the policyholder. Started in 2016, the inspection database is maintained by the California Department of Forestry and Fire Protection (CAL FIRE).

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Opportunities to improve the home-building process

Housing Wire

And for those who still want to build a home from scratch, rising construction costs , limited lot sizes, and excessive red tape can make the process seem insurmountable. Considering how much construction technology, materials, and techniques have evolved, building a new home should be far simpler than it is. Opportunities to innovate.

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How much cash matters in a bidding war

Housing Wire

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war.

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Is a New Construction Home Inspection Needed?

Maximum Exposure Real Estate

Should you get a new construction home inspection? When you buy an existing home, a home inspection isn’t a difficult decision. The post Is a New Construction Home Inspection Needed? Should You Hire a Home Inspector For a New House? But if you are buying […].

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Modular homebuilding startup Veev on the verge of bankruptcy

Housing Wire

Veev’s business model is innovative: it provides pre-inspected, fully cladded walls directly to homebuilders , ready for installation. Veev said at the time that the funding would be used to scale its operations, accelerate its research and development, and expand construction into new markets.

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Veev raises $400M to scale tech-enabled homebuilding

Housing Wire

The company says it will use the funding to scale its operations, accelerate its research and development and expand construction into new markets. The company accomplishes this through a turnkey panelized approach, providing pre-inspected, fully cladded walls directly to building sites for installation. Census Bureau.