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Opinion: Many mission-based landlords are at a breaking point

Housing Wire

Insurance premiums are up 27.7% Largely nonprofits, mission-based landlords provide affordable housing as a tool for systemic change, including advancing racial equity, reducing economic disparities, and strengthening community resiliency. Most importantly, mission-based landlords are committed to keep residents housed.

Landlords 433
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Zillow to list housing discrimination protections

Housing Wire

The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent. Still, federal law does not prevent landlords from rejecting all housing vouchers. Christopher Roberts, Zillow senior vice president and general manager of Zillow Rentals, said 49.3%

Landlords 488
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Fannie Mae clarifies ARM interest rate, ups cash-out refi term on manufactured homes

Housing Wire

1, 2023, the jointly development Uniform Property Dataset (UPD) for the government-sponsored enterprises (GSEs) became active and included a data standard for condos, according to the Selling Guide. Lenders must be in compliance with these property insurance updates for all loans with application dates on or after June 1, 2024.

Retail 476
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Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

The White House also pointed out last year’s reduction to the mortgage insurance premium (MIP) for Federal Housing Administration (FHA) mortgages, which save “an estimated 850,000 homebuyers and homeowners an estimated $800 per year.” The NHC lauded the development. The White House estimates that this “will raise an additional $3.79

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HUD affordability plan doesn’t include lowering FHA premiums

Housing Wire

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. In May, more than three dozen independent mortgage banks urged the FHA to cut mortgage insurance premiums.

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First American’s Xander Snyder on LA housing supply after the fires

Housing Wire

There have been people reporting certain landlords to the appropriate authorities about this, but I know it’s happening, and I know that some displaced folks who have the capital are the ones who can get those rental units in a slightly longer period. XS: Something that’s worth mentioning is all the insurance challenges.

Insurance 370
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The Mortgage Collaborative’s Melissa Langdale on the risks and rewards of gen AI

Housing Wire

The use case developed by Langdale and her team was recognized as the most promising use case of gen AI for consumer experience. How did your team decide on what they wanted to develop? On the multifamily side, they have all sorts of other risks that mortgage doesn’t have to think about — insurance for example.

Tenants 448