Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

Renovations 370

Renovations Inspection Finance Insurance 370

Housing Wire

MAY 24, 2024

Founded in 2008 and based in Fort Mill, South Carolina , Movement Mortgage offers a range of products including conventional, jumbo and government-insured loans, as well as a dedicated reverse mortgage division. The lender also provides rate-and-term and cash-out refinancing, along with construction and renovation loans.

Mortgage 447

Mortgage Renovations Loan Officers Retail 447

Housing Wire

JUNE 1, 2021

Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. The renovations would be on a budget, however. Developers, lenders or local governments could compete for the funds through an application process.

Renovations 516

Renovations Development Investors Legal 516

Housing Wire

FEBRUARY 25, 2025

That means house hunters dont necessarily need to break the bank for a huge down payment if it makes more financial sense to save some money for things like future home renovations or other investments. Housing markets in much of the country have started tilting in buyers favor, allowing buyers to set the terms they want. in September.

Buyers 294

Buyers Renovations Housing Market Real Estate 294

Housing Wire

DECEMBER 1, 2022

Austin fintech startup Hitch has rolled out a HELOC platform to help homeowners tap into more than $100 billion in government grants available for home renovation. Established at the start of 2022, Hitch will give qualified owners access to up to 90% of the equity locked in their homes, the company said Thursday.

Renovations 468

Renovations Home Improvement Government Tools 468

Housing Wire

FEBRUARY 22, 2024

“The suspect provided advice in relation to how the victim could acquire a private mortgage to pay for the previous home renovations. The scam allegedly continued further, with the suspect reportedly convincing the homeowner that additional renovations were needed.

Renovations 435

Renovations Mortgage Contracts Government 435

Housing Wire

MAY 1, 2023

The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy ( PACE ) financing for home renovations. We are proposing new rules that would require sensible safeguards on these clean energy loans.”

Property Taxes 396

Property Taxes Renovations Finance Lending 396

Housing Wire

SEPTEMBER 9, 2024

The Texas-based lender is licensed in 26 states and provides 15-year and 30-year fixed mortgages, including government loans, 203 (k) renovation loans and reverse mortgages. Be My Neighbor will continue to operate under its brand led by co-founders Christopher Griffith, Isabel Williams and Nathan Knottingham.

Brokerage 457

Brokerage Mortgage Real Estate Renovations 457

Housing Wire

FEBRUARY 26, 2024

Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return. In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs.

HOA 501

HOA Law Insurance New Listings 501

Housing Wire

AUGUST 27, 2024

The 203(k) program allows for the inclusion of repair or renovation costs within a single mortgage to purchase or refinance a home. The “standard” option is for substantial repairs, while the “limited” option is for more minor repairs or renovations. Department of Housing and Urban Development (HUD).

Renovations 448

Renovations Modernization Insurance Finance 448

Housing Wire

JUNE 21, 2022

Yes, there are some government programs that provide construction components on permanent loans, but they are not ideal for inexperienced home buyers. Investors are helping first-time home buyers across the country purchase renovated homes and other families get into high-quality rental homes. There’s an even more subtle consideration.

Investors 435

Investors Renovations Inspection Government 435

Housing Wire

FEBRUARY 12, 2024

AFR offers agency, nonagency and government lending products. It also has a niche in construction and manufactured home loan programs.

Lending 456

Lending Renovations Construction Finance 456

Appraisal Buzz

OCTOBER 23, 2024

This was the lowest number of properties brought to foreclosure auction since Q3 2021, when the nationwide foreclosure moratorium on government-insured mortgages caused by the pandemic was still in place. Constrained Supply Weakens Auction Demand Despite ongoing supply constraints, distressed property auction demand declined in Q3 2024.

Retail 370

Retail Marketing Inventory Development 370

Housing Wire

JULY 5, 2024

Florida Senate Bill SB-770 authorizes local and county authorities within the state to create financing programs for home and other property renovations, which can include energy efficiency upgrades or renewable energy installations funded through non-value based assessments of a property. Ron DeSantis.

Law 435

Law Finance Property Taxes Renovations 435

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. They are able to pay with cash, take on bigger renovations and provide current occupants with a graceful exit.

Renovations 370

Renovations Buyers Development Insurance 370

Housing Wire

JULY 6, 2023

One source of added inventory is the fix and flip industry , which is expected to acquire and renovate some 350,000 homes in 2023, according to Kurt Carlton, president of New Western , a private real estate investment marketplace. Where might added inventory come from, if the bulk of existing homeowners continue to remain on the sidelines?

Inventory 488

Inventory Renovations Real Estate Government 488

Housing Wire

APRIL 14, 2022

government bonds or GSE-related [government-sponsored enterprise] securities, then interest rates will rise even further. The soaring federal deficit requires even more buyers of bonds, and some government bond sales may make it more difficult to issue MBS securities, unless with higher interest rates.”.

Mortgage 448

Mortgage Government Renovations Buyers 448

Housing Wire

JULY 14, 2022

The role of renovators. It turns out local investors are also more efficient than banks and government agencies at renovating and reselling homes. A deeper dive into the data helps to explain this surprising result. I buy local. But what about the foreclosed properties that don’t end up in the hands of owner-occupants?

Renovations 370

Renovations Investors Retail Buyers 370

Housing Wire

DECEMBER 21, 2023

My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. This product allows a homebuyer to purchase a fixer-upper and finance the purchase and renovation in one loan based on the expected appraised value of the home after improvements. Who is eligible?

Mortgage 468

Mortgage Renovations Appraisal Process Finance 468

Housing Wire

JULY 10, 2024

But when the apartment’s landlord declared that all units in the building would be renovated and force all current tenants out, the clock began ticking for a solution. To accommodate the need for more housing, California has been evolving and even making exceptions to some of its regulations governing the structures.

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Tenants Mortgage Construction Landlords 476

Housing Wire

JANUARY 20, 2021

Finally, we need to renovate our existing housing stock. We need to harness the entrepreneurial spirit of our industry and incentivize small contractors, property owners and developers to renovate, rehab and repurpose existing housing to better reflect the changing demographics and preferences of the housing market.

Renovations 459

Renovations Law Development Real Estate 459

Housing Wire

NOVEMBER 15, 2021

Top markets for affordable renovated housing inventory. Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction.

Mortgage 418

Mortgage Insurance Renovations Tools 418

Housing Wire

DECEMBER 14, 2023

The government sponsored entities is part of its Equitable Housing Finance Plans , which are required by their regulator Federal Housing Finance Agency (FHFA). Fannie Mae first announced that it would accept loans secured with an AOL in lieu of title insurance in limited circumstance in April 2022.

Insurance 465

Insurance Finance Renovations Government 465

Housing Wire

APRIL 27, 2023

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” If successful in the litigation, Blackbird stands to get a cut of any recoveries for the local governments. “To

Renovations 393

Renovations Investing Real Estate Marketing 393

Housing Wire

AUGUST 2, 2024

The widening bid-ask spread in June was not as much the result of increased pricing by sellers — primarily banks, nonbanks, mortgage servicers and government-sponsored entities,“ Auction.com explained in its report.

Inventory 476

Inventory Retail Buyers Renovations 476

Housing Wire

DECEMBER 5, 2024

In June, HUD announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured home communities under an FHA-sponsored loan program. Despite that attention, however, some in the industry have chafed at the portrayal of land-lease communities by government housing authorities.

Land Lease 418

Land Lease Renovations Modernization Design 418

Housing Wire

JULY 16, 2024

Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. Government watchdog Accountable.US Landlords who break the cap would be denied federal tax benefits. called on Congress to act immediately on the proposal.

Landlords 488

Landlords Construction Land Management Tenants 488

Housing Wire

APRIL 23, 2024

Amid a higher rate environment when refinances are scarce, Martell said that loanDepot sees opportunities in other products, such as renovation loans and home equity lines of credit (HELOCs). ” “The government is disrupting some of their sites, but we need more of that. The company now has a digital HELOC offering.

Mortgage 415

Mortgage Real Estate Agent Real Estate Renovations 415

Housing Wire

OCTOBER 24, 2022

Racine filed the lawsuit against the companies in 2020, which accused the group of denying housing to low-income applicants using Section 8 vouchers and of imposing illegal fees and requirements for applicants with government housing vouchers. This displacement is not just the result of market forces.

Real Estate 418

Real Estate Landlords Law Advertising 418

Housing Wire

APRIL 18, 2023

The new eHELOC DWG will collaborate with industry participants, government agencies, and other stakeholders to complete the analysis to determine eHELOC standard feasibility and prepare a roadmap of artifacts that would be needed to standardize this across the Digital Mortgage ecosystem,” David Coleman, president of MISMO, said in a statement.

Lending 367

Lending Renovations Real Estate Finance 367

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

NOVEMBER 25, 2020

Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. The county is home to the Rock Island Arsenal, the largest government-owned weapons manufacturing arsenal in the United States. “A deal for me is a property I can buy for under $100,000, typically.”.

Real Estate 545

Real Estate Investors Marketing Buyers 545

Housing Wire

APRIL 14, 2022

Fannie Mae generated some buzz last week when it announced it would be accepting written attorney opinion letters in lieu of a title insurance policy “in limited circumstances.”. HousingWire wondered: just what were those limited circumstances?

Insurance 418

Insurance Renovations Real Estate Law 418

Housing Wire

FEBRUARY 28, 2024

Tom Davis: The main issue with fall-out scenarios is that the government-sponsored enterprises ( GSEs ) have a tighter box with underwriting standards. The answer is a separate mortgage or second lien that allows them to tap into their home equity for home renovations or debt consolidation. Debt is an issue in the market today.

Mortgage 458

Mortgage Investors Real Estate Business 458

Housing Wire

JULY 20, 2021

Borrowers now have settled in homes that in many cases are growing in value, and may have a need to take on renovation costs or consolidate debt, which brings on a greater need for cash-out refinances. Recent Changes to Government Agencies.

Marketing 370

Marketing Lending Government Renovations 370

Housing Wire

JULY 7, 2023

The lion’s share of the job growth in June came from gains in the government sector (+60,000 jobs), health care sector (up 41,000 jobs), the social assistance sector (up 24,000 jobs), and the construction sector (up 23,000 jobs). “We now expect that the FOMC will raise the federal funds target another 25 basis points at its July meeting.”

Construction 370

Construction Renovations Government Inventory 370

Housing Wire

JULY 25, 2023

Homeowners and renters may not have felt the full impact of climate-related disasters since, oftentimes, they do not end up directly paying for renovations or repairs necessitated by an adverse climate event, Fairweather said.

Housing Market 370

Housing Market Marketing Insurance Renovations 370