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Why ADUs can be used for aging in place — and how reverse mortgages might help

Housing Wire

In one recent instance highlighted by the Los Angeles Times , one family turned to an ADU after finding limited options and is poised to see a loved one live in a modern, age-appropriate setting. But it’s not necessarily smooth sailing to get a reverse mortgage to fund the construction of an ADU, she added.

Tenants 476
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HUD Updates Manufactured Home Regulations

Appraisal Buzz

The new updates seek to expedite the home production process by cutting red tape and eliminating the need for manufacturers to obtain alternative construction approvals for materials that already meet or exceed HUD standards—helping build more manufactured homes and boost the nation’s housing inventory.

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Pretium acquires fix-and-flip lender Anchor

Housing Wire

California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. “We are seeing a significant increase in the investments required to upgrade today’s aging homes and modernize our infrastructure,” said Mullen in a statement.

Investing 375
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CFPB ponders how well HMDA captures discrimination

Housing Wire

Since HMDA was introduced, regulators’ definition of redlining has evolved. In a virtual seminar Thursday on “modern-day redlining,” attorneys from Garris Horn, LLP , said the CFPB’s current definition of the practice is better termed “marketing discrimination.”.

Lending 396
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3 mortgage industry trends that will define the rest of 2021

Housing Wire

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology.

Mortgage 518
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What Lessons to Take Into the Appraisal Industry Post-COVID-19

Appraisal Buzz

While drive-by appraisals have been a part of the industry much longer than COVID, they are definitely not ideal in a lot of circumstances — namely, the traditional circumstances that require a home appraisal for sale. Specifically, construction labor is in short supply. Lessons of Appraisal Post-COVID-19.

Appraisal 370
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The Supply Chain Reaction – Interview with Greg Stephens

Appraisal Buzz

Greg: The best way to answer that question is to first look at the definition of supply chain – as a noun, it is the sequence of processes involved in the production and distribution of a commodity. There are distinct supply chains involving residential and commercial construction. Buzz: How are we experiencing one currently?