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.”. Title insurance came to be because attorney title opinions were not adequate for the marketplace.

Insurance 413

Insurance Renovations Real Estate Law 413

Housing Wire

FEBRUARY 26, 2021

Try one of these renovations: More for Real Estate Enthusiasts. 5 reasons to refinance your mortgage right now. Four renovations to consider before selling your house. If you’re not up to funding any major renovations at the moment, there are smaller changes you can make to reduce your risk in the event of a natural disaster.

Renovations 314

Renovations Design Real Estate Insurance 314

Housing Wire

OCTOBER 23, 2024

UWM has debuted a new cash-out refi product without mortgage insurance. United Wholesale Mortgage (UWM) has the mortgage industry abuzz over its latest product, a higher-risk, cash-out refinance at a time of economic uncertainty. The real advantage of this product lies in UWM’s aggressive marketing to mortgage brokers.

Insurance 443

Insurance Mortgage Investors Renovations 443

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

Mortgage 468

Mortgage Renovations Appraisal Process Finance 468

Housing Wire

NOVEMBER 15, 2021

The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. Marcia Fudge said there were no near-term plans to change FHA’s mortgage insurance premium pricing.).

Mortgage 417

Mortgage Insurance Renovations Tools 417

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

Construction 535

Construction Renovations Insurance Landlords 535

Housing Wire

JULY 8, 2024

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. Fannie Mae reportedly assigned the loan to PHH.

Mortgage 356

Mortgage Design Architecture Market Value 356

Birmingham Appraisal

MAY 1, 2024

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. The best way to look at home renovations is by considering the overall impact they will have on your home. Updates or Renovations?

Renovations 87

Renovations Appraisal Real Estate Agent Construction 87

Appraisal Buzz

NOVEMBER 13, 2024

Louis-based real estate company, homebuyers spend an average of $31,975 in homebuying expenses, such as closing costs, repairs, and moving, in addition to their down payment. home ($501,500) adding $75,255, the upfront cost totals a staggering $107,230.

Real Estate 417

Real Estate Sellers Buyers Renovations 417

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Tools 425

Tools Mortgage Finance Lending 425

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 330

Renovations Inspection Finance Insurance 330

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

Mortgage 418

Mortgage Clients Insurance Tools 418

Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The program is separate from the broader VA loan program that is available to all veterans.

Mortgage 410

Mortgage Renovations Insurance Construction 410

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

Inventory 427

Inventory Renovations Supply Chain Buyers 427

Housing Wire

JULY 14, 2022

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. billion manufactured home purchase mortgages in 2021, according to HMDA data.

Renovations 364

Renovations Finance Insurance Transportation 364

Housing Wire

DECEMBER 14, 2023

In an update to its selling guide , Fannie Mae announced Wednesday that it was expanding the use of attorney opinion letters in lieu of title insurance. 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 406

Insurance Finance Renovations Government 406

Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. of all properties available for the first-look auctions during the quarter.

Renovations 358

Renovations Buyers Development Insurance 358

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Government 529

Government Finance Renovations Insurance 529

Housing Wire

FEBRUARY 13, 2024

homeowners with outstanding mortgages, or some 63% of all homes, equity tied up in real estate jumped by 6.8% It features tools for data visualization of home value, mortgage debt and current equity, as well as estimates for up to 10 years. The borrower is not required to repay the loan via monthly installments.

Investing 348

Investing Renovations Tools Real Estate 348

Housing Wire

MARCH 18, 2022

When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. You are the reverse mortgage department,” he said. The partner smiled. “

Real Estate 491

Real Estate Real Estate Agent Mortgage Agents 491

Housing Wire

NOVEMBER 30, 2023

The 203(k) Rehabilitation Mortgage Insurance Program helps borrowers purchase a home or refinance an existing mortgage and includes the cost of repairs or rehabilitation into one new mortgage. In high-cost areas, however, it can go up to $75,000.

Architecture 467

Architecture Renovations Inspection Finance 467

Appraisal Buzz

AUGUST 15, 2024

The year 2021 brought historic lows to mortgage rates, with the average 30-year, fixed-rate mortgage (FRM) bottoming out in January at an all-time low of 2.65%, before bumping back up to the high single digits just a few years later. You put 20% down, leaving you with a mortgage of $224,000.

Loan Officers 407

Loan Officers Clients Home Improvement Insurance 407

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. The same analysis of 435,000 distressed property dispositions shows that 72% of properties that were renovated and resold after being purchased at foreclosure auction ended up in the hands of owner-occupants.

Housing Market 392

Housing Market Marketing Renovations Retail 392

Housing Wire

JULY 14, 2022

This narrative was once again repeated in the HousingWire article announcing the FHA first-look program: “Typically, FHA-insured foreclosed properties are snatched up by large investors and turned into rental properties.”. The role of renovators. Most of these reverted REOs are eventually sold via the Multiple Listing Service (MLS).

Renovations 356

Renovations Investors Retail Buyers 356

Appraisal Buzz

OCTOBER 25, 2021

HomeBinder reports that it has added new features and user interface (UI) improvements to its centralized home management platform that keeps homeowners connected with mortgage lenders, home inspectors, insurance providers, home pros, real estate agents, and other authorized professionals.

Real Estate Agent 195

Real Estate Agent Renovations Valuation Insurance 195

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. Recently, prominent insurance companies have exited some of these areas.

Housing Market 336

Housing Market Insurance Marketing Renovations 336

Assurance Financial

NOVEMBER 9, 2021

In some cases, you may have to take out several loans or pay for something called private mortgage insurance (PMI). Read on to learn more about how private mortgage insurance can allow you to purchase a home, even if you don’t have enough resources to make a standard down payment. What Is PMI?

Insurance 41

Insurance Mortgage Home Value Finance 41

Housing Wire

JANUARY 5, 2024

Lower interest rates make mortgages more accessible, paving the way for more buyers into the market and potentially resulting in increased demand and higher prices. Rising interest rates, however, mean higher mortgage payments, and can dampen buyer enthusiasm or affordability , slow down sales or lead to dropping home prices.

Real Estate 467

Real Estate Agents Marketing Sellers 467

Housing Wire

FEBRUARY 16, 2022

Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. Even if a mortgage broker or conventional lender is unable to fund the transaction, they might be able to refer. Escrow officers and title agents.

Real Estate 397

Real Estate Investing Investors Renovations 397

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

Brokerage 435

Brokerage Real Estate Insurance Clients 435

Lamacchia Realty

OCTOBER 24, 2024

TOP REASONS WHY HOMEBUYERS SHOULD CREATE A BUDGET BEFORE APPLYING FOR A MORTGAGE For many prospective buyers , taking their first step on the property ladder can feel quite daunting in any market. Why Create a Budget Before Taking Out a Mortgage?

Mortgage 74

Mortgage Realty Insurance Buyers 74

Cleveland Appraisal Blog

AUGUST 25, 2022

You’ve just purchased your first property to renovate. You may also have to prove that you have enough income to cover the mortgage on all properties that you own. You can use a mortgage calculator to get a better idea of what you can afford based on the purchase amount and down payment. Let the Renovations Begin!

Investing 332

Investing Renovations Landlords Real Estate 332

Empire Appraisal Group

MAY 30, 2024

Hurricane Ian left behind thousands of damaged homes, and the subsequent need for renovations has resulted in a jump of available housing inventory. In addition to residential property damage, the hurricane coincided with spiked home insurance costs. billion worth of total damage, making Ian the third-costliest U.S.

HOA 78

HOA Renovations Insurance Inventory 78

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.” Invitation Homes (IH) spent about $25,000 on renovations per home for its California SFR portfolio, pleadings in the lawsuit state.

Renovations 330

Renovations Investing Real Estate Marketing 330

Housing Wire

JUNE 21, 2022

That way the homebuyer can get a straightforward, relatively inexpensive 30-year mortgage to finance their purchase. FHA loans are insured by the Federal Housing Administration and have less stringent down payment and credit requirements. The same holds true for the investors that are renovating homes and reselling them.

Investors 433

Investors Renovations Inspection Government 433

Appraisal Buzz

OCTOBER 23, 2024

This is in spite of the possibility that mortgage rates will decline as a result of the Federal Reserve’s September 50 basis point cut to the federal funds interest rate. According to the survey’s findings, more local community developers who buy at auction see the state of the market as a disadvantage rather than an advantage.

Retail 370

Retail Marketing Inventory Development 370

Assurance Financial

NOVEMBER 28, 2023

Taking out your first mortgage is a huge life step. A mortgage is a critical tool to have — it allows you to become a homeowner without putting down hundreds of thousands of dollars on the spot, and it lets you pay off your loan over time. About 96% of first-time homebuyers finance the purchase with a mortgage.

Mortgage 69

Mortgage Property Taxes Insurance HOA 69