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 524

Marketing Mortgage Finance Lending 524

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 476

Finance Housing Market Buyers Mortgage 476

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 493

Mortgage Finance Lending Insurance 493

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 476

Tenants Investing Marketing Construction 476

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 508

Housing Market Finance Buyers Marketing 508

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 475

Buyers Real Estate Agent Inspection Real Estate 475

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

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 511

Mortgage Real Estate Agent Finance Buyers 511

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 448

Development Government Finance Design 448

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 492

Lending Mortgage Brokerage Loan Officers 492

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 448

Brokerage Agents Real Estate Finance 448

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 459

Government Finance Business Marketing 459

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 459

Development Finance Investing Mortgage 459

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

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 435

Finance Home Value Mortgage Government 435

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 468

Advertising Lending Loan Officers Retail 468

Housing Wire

SEPTEMBER 11, 2024

Financing these improvements can be an obstacle too. The article cites a reverse mortgage as a potential financing vehicle for older homeowners, since the debt doesn’t need to be satisfied until the home is sold.

Business 468

Business Renovations Finance Clients 468

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 538

Government Finance Legal Mortgage 538

Housing Wire

OCTOBER 10, 2024

HouseAmp can secure financing of up to $400,000, and the company boasts that it can keep home sellers out of the process of securing a home equity line of credit. The technology companies will tether their respective services with the goal of streamlining the process of getting a home ready for sale.

Renovations 435

Renovations Design Sellers Finance 435

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 274

Mortgage Renovations Property Taxes Finance 274

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 448

Retail Buyers Renovations Finance 448

Housing Wire

NOVEMBER 27, 2024

The Federal Housing Finance Agency (FHFA)’s updated pricing framework in 2023 sparked significant debate over LLPAs. year-over-year increase, according to estimates from Inside Mortgage Finance. LLPAs are fees based on a borrower’s risk profile that affect the cost of a mortgage. producer of government loans at $37.1

Government 418

Government Finance Insurance Mortgage 418

Housing Wire

OCTOBER 9, 2024

More than half of second-quarter bulk MSR acquisitions were attributable to Mr. Cooper Group and Lakeview Loan Servicing , according to Inside Mortgage Finance. The average loan has seasoned for five months and has a weighted average FICO score of 744.

Marketing 434

Marketing Sellers Finance Mortgage 434

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

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 435

Client Relationships Clients Finance Development 435

Housing Wire

SEPTEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) announced on Wednesday it has changed its proposal to amend the Suspended Counterparty Program (SCP), offering a less severe version after several trade groups raised concerns about its impacts on the mortgage market. housing finance system,” FHFA Director Sandra L.

Real Property 445

Real Property Business Finance Development 445

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 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 418

Retail Finance Development Real Estate 418

Housing Wire

OCTOBER 18, 2024

The Council of Federal Home Loan Banks (FHLBanks) lauded this week’s release of a report from the Federal Housing Finance Agency (FHFA), which highlighted the banks’ growth in support of affordable housing and community development efforts in 2023.

Investing 427

Investing Development Finance Mortgage 427

Housing Wire

DECEMBER 20, 2024

27, marking the conclusion of a 36-year career in the mortgage finance industry. With over a decade of service at Ginnie Mae and an expansive career in housing finance, Leslie has left an indelible mark on the agency, Gregory Keith, acting president at Ginnie Mae, said in a statement.

Modernization 348

Modernization Finance Government Mortgage 348

Housing Wire

OCTOBER 18, 2024

Together, we’re changing the way people think about home financing by offering solutions that work for real people in real markets.” “Ruoff Mortgage has been a trusted name in the industry for decades, and their dedication to client success aligns perfectly with our vision at Calque,” Calque CEO Michael Bremer said in a statement.

Mortgage 448

Mortgage Buyers Contracts Finance 448

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 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 497

Insurance Real Estate Agent Construction Development 497

Housing Wire

NOVEMBER 26, 2024

year over year in the third quarter of 2024, per the latest House Price Index (HPI) released Tuesday by the Federal Housing Finance Agency (FHFA). home prices rose 4.3% Compared to the second-quarter figure, home prices were up 0.7%. And the FHFA’s seasonally adjusted monthly index for September also rose 0.7% from August. “U.S.

Housing Market 396

Housing Market Finance Marketing Mortgage 396

Housing Wire

NOVEMBER 26, 2024

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.” “Today’s announcement of loan limit increases, calculated according to statute, enables the FHA program to keep up with nationwide price appreciation,” Gordon said.

Finance 370

Finance Law Construction Government 370

Housing Wire

OCTOBER 25, 2024

Liebowitz previously founded and led businesses in the insurance and finance sectors. In recent months, Lorber has taken heat from some of the brokerage’s investors, who felt that he was mismanaging the company’s finances due to its continued losses in quarterly earnings. based producer of printing ink.

Brokerage 386

Brokerage Finance Agents Real Estate 386

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 514

Sellers Government Finance Mortgage 514