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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

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Fee Simple vs. Leasehold: Two Very Different Types of Ownership

Redfin

It’s a legal term that means the property owner owns the land and any structures on the land, including the home. Fee simple owners can build equity over time. The leaseholder pays the fee simple owner to use the land for a set period. You might also see this called a land lease or ground lease.

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Manufactured housing group encouraged by FHA attention — but concerned about its portrayal

Housing Wire

With Todman’s emphasis on mission-driven entities and nonprofit access to the program, Gooch said its portrayal was needlessly negative toward private owners of land-lease communities, where many MHI-backed manufactured homes are ultimately placed. That’s why I find it interesting.

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6 of the Best Retirement Communities in Florida

HomeLight

You may want to cash out the equity in your home to purchase your retirement property, or you may prefer the flexibility of renting if you plan on being a snowbird or traveling around the world. Some communities have a land-lease structure in which you purchase the house, but lease the home site.

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