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MBA to HUD: Publish notices about challenges with real estate inspection protocols

Housing Wire

Department of Housing and Urban Development (HUD), which urges the department to avoid reprimanding mortgage servicers for compliance lapses with the new National Standards for the Physical Inspection of Real Estate (NSPIRE) system until it is “fully accessible and usable to each participant.”

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Dave Liniger discusses AI and the evolution of the real estate industry

Housing Wire

While the emergence of technology tools is not new to the industry, the latest wave of artificial intelligence (AI)-driven technology is unlike many others that have come before. Back then, we never thought about the property inspection. BH: Any final thoughts on technology trends that you expect to see?

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RenoFi targets homeowners who don’t qualify for HELOCs

Housing Wire

“The types of homeowners who will find RenoFi’s new home loans helpful are those who recently bought a home and have not yet built a meaningful amount of equity to tap,” RenoFi founder Justin Goldman told HousingWire. Presented by: Auction.com.

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What Do You Need To Consider When Buying A New Home?

Lab Coat Agents

Third, you want to find an agent who uses technology to their advantage. FHA mortgage: A mortgage insured by the Federal Housing Administration (FHA) is a good option for first-time homebuyers and other borrowers with limited resources. The minimum down payment for an FHA loan is 3.5%. What Are VA Loans?

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From Contract to House Keys: Breaking Down the House Closing Process

HomeLight

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Each step can take a few days.

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21 Features That Can Negatively Affect Your Home Appraisal

HomeLight

Typically within a week after you’ve had the house inspected, you’ll most likely have to endure a home appraisal , a professional assessment of your home’s value. FHA loans require a special appraisal. The FHA appraiser ensures that the property meets HUD’s minimum property requirements. .”

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How Long Does An Appraisal Take? What Should I Expect As A Buyer?

HomeLight

While the appraisal may take longer than the home inspection did, it generally won’t take long enough to leave you on the edge of your seat. There are three key components to the home appraisal report : The physical inspection, the comparable sales selection (typically), and the evaluation of data. Physical inspection.

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