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NRMLA, MBA provide comments on HECM application, origination documents

Housing Wire

HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). HUD also plans to replace its use of some internal forms, including one used in conjunction with U.S.

VA loan 448
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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. HW: What are the risk management challenges for REO assets?

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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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What is Covered Under a Builder Warranty in New Construction Homes?

Realty Biz

When purchasing a brand new construction home, they are often covered by a warranty for about the first one or two years of ownership. It is not uncommon to see some new housing developments advertise that they offer a builder’s warranty. What is Covered in a New Construction Warranty?

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Building a House? Here’s Your New Home Inspection Checklist

HomeLight

Buying a house is always an emotional cocktail of excitement and stress, but doubly so when it’s a new-construction home. Download Your New Home Inspection Checklist! Get your checklist outlining the primary steps in the most critical new construction inspections. Home inspections vs. walkthroughs.

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New Year, New Home? 9 Myths About Buying a New-Construction House That Actually Aren’t True

Realtor.com

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

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New Construction Pros and Cons: Advantages and Disadvantages

Louisville Homes

On a regular basis, acquiring good quality construction materials, visiting the construction site, and negotiating with the labor force, laborers, and painters is a physically challenging activity. In this piece, we’ll look at new construction pros and cons. Customization Is Amazing. Disadvantages . Limited Options.