article thumbnail

Agencies aim to standardize ‘first-generation homebuyer mortgage’ definition

Housing Wire

This has led to the development of policies by state and local housing finance agencies to aim assistance specifically at this group, particularly for “mortgage eligibility or down payment and closing costs assistance.”

Mortgage 459
article thumbnail

Midwest, Northeast housing markets stay hot amid national cooldown

Housing Wire

I think that we’ve underbuilt for 13 years in this country and in this state, so definitely, new construction is in order, she said. That would definitely help with the sale pricing of new construction. I’m just concerned about the price of new construction when we rely so much on imported goods for building these homes.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Analyst: HMBS 2.0 developments should benefit reverse mortgage industry

Housing Wire

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” To get a better idea of the potential impact that HMBS 2.0

article thumbnail

Tane Cabe talks reverse mortgage industry challenges, software development

Housing Wire

They’re a more forward-thinking broker, and there has been lots of activity with the HECM Tool, which is a software application that I developed. I think things have definitely picked up,” he said. I’ve talked to some leaders in this space recently and they’re telling me they’ve definitely seen an increase in volume.

article thumbnail

Q3 Commercial Mortgage Delinquency Rates Ramp Up

Appraisal Buzz

Although construction and development loans are frequently supported by single-family residential development projects rather than office buildings, apartment buildings, shopping malls, or other income-producing properties, they are typically not included in the figures provided in this report but are included in many regulatory definitions of commercial (..)

Mortgage 397
article thumbnail

Japanese luxury-home developer plans U.S. IPO

Housing Wire

a developer of luxury single-family homes and condominiums, which also has residential leasing operations in Dallas, is looking to raise up to $30 million via the U.S. IPO to continue developing its business operations in Japan, to expand a startup online listing network and for general corporate purposes. stock market. stock exchange.

article thumbnail

There Goes the Neighborhood.

Appraisal Buzz

In a recent selling guide announcement by Fannie Mae (November 6, 2024), it was mentioned that they had collaborated with Freddie Mac to update the standardized definitions for neighborhood and market area. The updated definitions are provided below, along with their corresponding definitions from the Appraisal Institute.

Valuation 388