Housing Wire

OCTOBER 18, 2024

Some owners of older condo units have had to list at prices far below what they bought the units for because special assessments are so high (and are difficult to finance). This could result in the local community banks and credit unions providing the financing, likely with maximum loan-to-value ratios of 80% or less.”

Marketing 483

Marketing Mortgage Finance Lending 483

Housing Wire

JANUARY 6, 2025

Vanderbilt Mortgage & Finance , part of Warren Buffetts conglomerate Berkshire Hathaway , has been accused by the Consumer Financial Protection Bureau (CFPB) of manipulating underwriting standards and setting borrowers up to fail in manufactured home loans. The consumer watchdog on Monday filed a lawsuit in a U.S.

Finance 405

Finance Lending Mortgage 405

Housing Wire

OCTOBER 21, 2024

That’s according to a recent index released by Veterans United Home Loans to measure the financial health and optimism of veterans, active-duty service members and civilians in terms of home purchase timelines and motivating factors, personal finance and their outlook for the U.S. It also shows up in their personal finances.

Finance 440

Finance Housing Market Buyers Mortgage 440

Housing Wire

JULY 23, 2024

The survey of 1,180 real estate agents across six Mid-Atlantic states and the District of Columbia found that 14% of sellers in June saw a contract fall through due to a buyer’s inability to secure financing, which was up from 11% in May. The surveyed agents also noted that affordability was the No.

Mortgage 510

Mortgage Real Estate Agent Finance Buyers 510

Housing Wire

SEPTEMBER 19, 2024

Kristen Sieffert At industry leader Finance of America (FOA), company president Kristen Sieffert said that the impact on both the company and the industry will be very evident. The negative impacts of higher rates have also pushed seniors to seek out more expensive traditional financing instruments, he explained. “We

Mortgage 458

Mortgage Finance Lending Insurance 458

Housing Wire

NOVEMBER 1, 2024

About one in three (35%) received special financing, while 26% made their purchase offer contingent upon a lower rate. Zillow home trends expert Amanda Pendleton noted a trend of new buyers thinking outside the box when it comes to mortgage financing.

Mortgage 321

Mortgage Finance Buyers Loan Officers 321

Housing Wire

SEPTEMBER 23, 2024

Reed brought a banking and finance background to real estate when she became an agent in 2016 and has shown a knack for marketing. Nicole has leveraged her career in finance to provide clients with a unique skill set that will be even more valuable as buyers become more discerning as they select an agent.

Brokerage 447

Brokerage Agents Real Estate Finance 447

Appraisal Buzz

OCTOBER 30, 2024

A new TransUnion survey has found that many consumers feel their existing mortgage and auto payments are putting a strain on their household finances, as the prospect of falling interest rates has them ready to consider refinancing those loans.

Finance 393

Finance Buyers Mortgage Home Value 393

Appraisal Buzz

DECEMBER 23, 2024

Clearly the baby boomer generation has benefited from our countrys unique housing finance system, and it is imperative that we ensure this system remains in place to help boomers and the many generations that follow, Mittal said.

Finance 433

Finance Mortgage Technology Investing 433

Appraisal Buzz

SEPTEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) has announced that it will revisit its proposal to amend the Suspended Counterparty Program (SCP). housing finance system.” It also authorizes FHFA to order its regulated entities to cease doing business or refrain from entering into new business with certain counterparties.

Finance 433

Finance Business Real Property Development 433

Housing Wire

AUGUST 1, 2024

When asked if they feel better about their finances compared to one year ago, 63% of veterans and 59% of civilians said yes. Department of Veterans Affairs (VA), it financed more than $17 billion in VA loans in 2023, making it country’s largest VA lender. The results highlight some interesting splits between veterans and civilians.

Housing Market 468

Housing Market Finance Buyers Marketing 468

Housing Wire

SEPTEMBER 9, 2024

Better Home & Finance Holding Co. , With this launch, we are reducing the traditional barriers that exist for FHA borrowers and delivering flexible financing solutions at a timely moment for consumers across the country,” Vishal Garg , CEO and founder of Better.com, said in a statement.

Finance 428

Finance Insurance Investors Mortgage 428

Housing Wire

SEPTEMBER 5, 2024

In this executive conversation, Steven Katz, Executive Vice President and Chief Investment Officer of Residential Financing at Arbor Realty Trust, shares his thoughts on the burgeoning build-to-rent (BTR) market. That’s just one example of how BTR offers access to a lifestyle that renters could not afford otherwise.

Tenants 421

Tenants Investing Marketing Construction 421

Housing Wire

SEPTEMBER 5, 2024

The report calls on more states and cities to pass “source of income” or “source of financing” anti-discrimination statutes and enforce them to protect homebuyers. The CFA also called on real estate associations to better educate agents on sources of financing discrimination and how to successfully work with FHA buyers.

Buyers 431

Buyers Real Estate Agent Inspection Real Estate 431

Housing Wire

JANUARY 7, 2025

Credit reporting errors can have serious consequences for a familys finances, and it is critical that credit reporting giants follow the law. The lawsuit against Experian follows one filed by the CFPB against Vanderbilt Mortgage & Finance , part of Warren Buffetts conglomerate Berkshire Hathaway.

Law 368

Law Finance Real Estate Business 368

Appraisal Buzz

NOVEMBER 25, 2024

Fannie Mae and Freddie Mac have published their three-year plans for improving housing opportunities in underserved markets and communities, the Federal Housing Finance Agency (FHFA), regulator of the GSEs, has announced. Thompson, director of the FHFA, in a statement. “It

Finance 397

Finance Government Housing Market Development 397

Housing Wire

DECEMBER 17, 2024

PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers. The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology.

Mortgage 317

Mortgage Renovations Property Taxes Finance 317

Housing Wire

OCTOBER 17, 2024

The Federal Home Loan Banks (FHLBanks) saw significant growth in support of affordable housing and community development in 2023, according to a report released Thursday by the Federal Housing Finance Agency (FHFA).

Development 414

Development Finance Investing Mortgage 414

Housing Wire

OCTOBER 24, 2024

Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing. That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan. When this happens, Sandoval works with the owner to provide a graceful exit.

Retail 434

Retail Buyers Renovations Finance 434

Housing Wire

OCTOBER 15, 2024

That was down 18% year over year, per Inside Mortgage Finance estimates. The company ranked No. 12 among the largest U.S. mortgage lenders in the first half of 2024, with $11.8 billion in home loan production. Fairway operates in the Birmingham area under the trade name MortgageBanc , which it acquired in 2009.

Advertising 428

Advertising Lending Loan Officers Retail 428

Housing Wire

NOVEMBER 18, 2024

The Federal Housing Finance Agency (FHFA) on Monday announced that it will raise the 2025 multifamily loan caps for purchases by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to $73 billion each. FHFA Director Sandra Thompson said that the new caps highlight the agency’s efforts to make rental housing more affordable.

Government 401

Government Finance Business Marketing 401

Housing Wire

APRIL 24, 2024

Alongside Gallo, Mehmet Elmas was also named in the complaint, filed by a special agent working under the Office of the Inspector General (OIG) at the Federal Housing Finance Agency (FHFA). NJ Lenders Corp did not immediately respond to a request for comment.

Mortgage 542

Mortgage Retail Finance Investing 542

Housing Wire

JANUARY 3, 2025

But perhaps even more important by using the green materials that modular construction offers, developers can open up their businesses to new avenues of project funding like green financing.

Development 385

Development Real Estate Construction Investors 385

Housing Wire

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. The new limit reflects a 5.2% increase over the current $766,550 cap for 2024, aligning with home price trends.

Finance 433

Finance Home Value Mortgage Government 433

Appraisal Buzz

NOVEMBER 6, 2024

The most common way buyers have secured below-market rates is through special financing offers from sellers or home builders. Despite these obstacles, resolute purchasers are coming up with innovative ways to finance their aspirations of becoming homeowners.

Buyers 370

Buyers Marketing Sellers Loan Officers 370

Housing Wire

NOVEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) on Monday unveiled its three-year plan for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to improve housing opportunities in underserved areas. The DTS plans aim to address a lack of liquidity across manufactured housing, affordable housing preservation and rural housing.

Development 423

Development Government Finance Design 423

Appraisal Buzz

NOVEMBER 18, 2024

This is a hangover from the favorable financing conditions of 2021/2022. Provide Flexible Financing: We need to offer innovative financing solutions that can adapt to existing market conditions, helping developers weather the storm. For instance, Chosewood Park in Atlanta is seeing its housing stock double in just a few years.

Development 335

Development Finance Real Estate Housing Market 335

Housing Wire

OCTOBER 31, 2024

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door. As part of the deal that closed Oct.

Lending 408

Lending Mortgage Brokerage Loan Officers 408

Housing Wire

DECEMBER 20, 2024

The Federal Housing Finance Agency (FHFA) this week announced a new final rule establishing affordable housing goals for the loan purchases of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from 2025 through 2027. The goals, originally proposed in August , are largely unchanged from the initial draft.

Finance 426

Finance Law Design Government 426

Housing Wire

NOVEMBER 14, 2024

The CBO analyzed data from the Federal Housing Finance Agency (FHFA) data in its report. Fannie and Freddie are also legally mandated to follow housing goals that “serve as benchmarks for measuring how the GSEs facilitate the financing of affordable housing for low-income families,” the report stated.

Government 468

Government Finance Legal Mortgage 468

Appraisal Buzz

DECEMBER 30, 2024

Rural Americans face unique challenges when it comes to homeownership, with limited access to small mortgages and financing options significantly impeding progress. Manufactured homes, which comprise 13% of rural housing stock, are often titled as personal property rather than real estate, disqualifying them from mortgage financing.

Legal 243

Legal Finance Modernization Mortgage 243

Housing Wire

SEPTEMBER 23, 2024

increase from the first quarter, according to an analysis of public filings by Inside Mortgage Finance. Seller repurchases of Freddie Mac mortgages rose by $430 million in the second quarter of 2024, a 29.1% By contrast, sellers of loans through fellow government-sponsored enterprise (GSE) Fannie Mae repurchased $268.5

Sellers 513

Sellers Government Finance Mortgage 513

Housing Wire

NOVEMBER 15, 2024

But in Greater Austin , the “Holiday of Homes” offers flex cash — which can be used towards design selections or structural options — and financing.

Retail 386

Retail Finance Development Real Estate 386

Housing Wire

OCTOBER 24, 2024

Expand your offerings: Learn about the Reverse for Purchase financing option, which allows seniors to buy homes without monthly mortgage payments, enhancing their purchasing power.

Client Relationships 389

Client Relationships Clients Finance Development 389

Appraisal Buzz

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has announced that the conforming loan limit values (CLLs) for mortgages acquired by Fannie Mae and Freddie Mac (the GSEs) in 2025. Regular adjustment of loan limits ensures that FHA financing continues to be available in all markets to all those who rely on our programs to access homeownership.”

Home Value 418

Home Value Finance Housing Market Mortgage 418

Housing Wire

JULY 16, 2024

The president called for the Federal Housing Finance Agency (FHFA) to apply protections for renters of multifamily units financed by loans acquired by the agency. The rent cap isn’t the only measure in Biden’s proposal, and some could be enacted through federal agencies without legislative action by Congress.

Landlords 484

Landlords Construction Land Management Tenants 484

Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. This is the most among all states, according to an analysis by climate-modeling firm First Street Foundation on behalf of the The Wall Street Journal.

Insurance 453

Insurance Real Estate Agent Construction Development 453