Appraisal Buzz

JANUARY 2, 2025

Stubbornly elevated mortgage rates and home prices are discouraging investor activity in the U.S. CoreLogic predicts that investor market share will likely remain steady unless mortgage rates drop. CoreLogic predicts that investor market share will likely remain steady unless mortgage rates drop. housing market.

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Investors Landlords Housing Market Marketing 398

Housing Wire

JANUARY 10, 2025

Real estate and mortgage firms are stepping up to help housing professionals and the Southern California community as wildfires ravage the area. An announcement from the company on Thursday also offered any agent, owner or landlord working with displaced residents that it would refund any application fees.

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Real Estate Real Estate Agent Landlords Tenants 488

Appraisal Buzz

APRIL 10, 2025

A home is deemed affordable by Redfin if the monthly housing payment for a buyer who takes out a mortgage does not exceed thirty percent of their income. In addition, the average 30-year fixed mortgage rate is currently around 6.5%, which is more than twice as low as it was before the epidemic.

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Construction Landlords Mortgage Finance 329

Housing Wire

DECEMBER 20, 2021

Two federal regulators said on Monday that they will double down on scrutiny of mortgage servicers, following complaints of housing rights violations made by military families and veterans. The agencies also sent a letter to landlords and housing providers. The agencies also sent a letter to landlords and housing providers.

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Landlords Mortgage Law Legal 412

Housing Wire

MARCH 22, 2021

Although many homeowners and renters continue to feel the economic pressure of the pandemic , they’re growing more confident that they can pay their rent or mortgage, according to the latest consumer confidence survey by Freddie Mac. For the year, 45% expressed concern they wouldn’t make the rent or mortgage.

Mortgage 545

Mortgage Landlords Tenants Housing Market 545

Housing Wire

AUGUST 30, 2023

A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022. Yet higher mortgage rates aren’t all bad news for savvy real estate agents. Many real estate agents may shy away from working with landlords and renters. from a year ago.

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Real Estate Agent Mortgage Landlords Real Estate 448

Housing Wire

JULY 15, 2024

The proposal will rescind unspecified tax breaks to landlords who raise rents by more than 5%, although it would only apply to landlords who own more than 50 rental units. Landlords can receive a number of federal tax deductions. These include depreciation, mortgage interest, operating expenses and property taxes, among others.

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Landlords Property Taxes Construction Mortgage 476

Housing Wire

OCTOBER 10, 2024

Struggling fintech LoanSnap had its mortgage lender license in Connecticut revoked in early October by state authorities, adding to the company’s legal and financial problems. The firm was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 2023. Perez on Oct.

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Mortgage Landlords Loan Officers Legal 418

Housing Wire

DECEMBER 23, 2020

Multifamily property owners who are struggling to make mortgage payments due to the coronavirus pandemic now have a reprieve through the end of March for mortgages backed by Fannie Mae and Freddie Mac , the Federal Housing Finance Agency announced on Wednesday. Of those landlords, 20% are Black and 14% are Hispanic, while 9% are white.

Tenants 448

Tenants Landlords Mortgage Finance 448

Appraisal Buzz

OCTOBER 22, 2024

Homeownership, long seen as a cornerstone the American dream, has been an uphill struggle for many who, despite a recent dip in mortgage rates under the 7% mark, remain priced out of the market. Additionally, 52% say home prices are too high in their areas, and 39% cited their credit score as a barrier to qualify for a mortgage.

Property Taxes 420

Property Taxes Landlords Home Value Marketing 420

Appraisal Buzz

FEBRUARY 21, 2025

Lease-purchase arrangements are receiving renewed attention from legislators looking for ways to make homeownership more accessible, and theyre a great way to help buyers who cant qualify for a traditional mortgage or pony up the money needed for a down payment. But that doesnt mean there arent risks involved for potential purchasers.

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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. The reverse mortgage industry has also taken notice of the potential for ADUs. You have to work with [ADU specialist] contractors, primarily,” she said at the time.

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Tenants Mortgage Construction Landlords 476

Housing Wire

APRIL 18, 2023

What is the best news for mortgage rates long-term? More supply of apartments coming on line will be good news for mortgage rates going forward. Of course, once we get lower mortgage rates, that should help the builders sell more homes. This is key for mortgage rates looking out for years to come.

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Mortgage Construction Supply Chain Housing Market 521

Housing Wire

APRIL 24, 2024

The rental segment has been marked by strong demand and looks to continue on this trajectory given mortgage rates that continue to hover around 7% and record property prices across many U.S. rental sector has benefitted most landlords in this country, from larger multifamily investors to smaller mom-and-pop owners.

Investing 476

Investing Tenants Landlords Marketing 476

Housing Wire

JUNE 7, 2024

Legal and financial troubles are piling up for mortgage fintech lender LoanSnap , with the company having been recently evicted from its headquarters in Southern California. In May 2022, it launched a cloud-based portal, LoanFlow , that gives mortgage brokers and loan officers the ability to originate loans anytime, anywhere.

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Legal Landlords Loan Officers Mortgage 487

Appraisal Buzz

OCTOBER 17, 2022

The post Homeowners Becoming Landlords to Retain Record-Low Mortgage Rates appeared first on Appraisal Buzz.

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Landlords Mortgage Appraisal Marketing 195

Housing Wire

AUGUST 9, 2024

Editor in Chief Sarah Wheeler sat down with Melissa Langdale, president and chief operating officer of The Mortgage Collaborative , to talk about the recent FHFA TechSprint focused on gen AI use cases in housing. Langdale has been in the mortgage industry for more than 20 years. How did your team decide on what they wanted to develop?

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Tenants Mortgage Landlords Development 448

Housing Wire

FEBRUARY 12, 2024

As landlords grapple with higher vacancy rates, they don’t have the leverage necessary to command high rent prices. Amid the high mortgage rate environment, many prospective home seekers chose to postpone their purchase plans and rented an apartment instead. The median U.S. asking rent reached $1,964 in January, rising by 1.1%

Landlords 459

Landlords Construction Mortgage Marketing 459

Housing Wire

SEPTEMBER 24, 2021

Multifamily property owners who are struggling to make mortgage payments due to the COVID-19 pandemic now will have access to forbearance programs indefinitely in the case of loans backed by Fannie Mae and Freddie Mac , the Federal Housing Finance Agency (FHFA) announced today. In the single-family mortgages, the U.S. 25, or 1.1%

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Tenants Landlords Mortgage Finance 459

Housing Wire

JULY 16, 2024

Biden’s new plan would cap annual rent hikes at 5% for two years for landlords who manage 50 or more rental units, which the administration said would cover 20 million units, or roughly half of all rental units in the country. Landlords who break the cap would be denied federal tax benefits. Government watchdog Accountable.US

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Landlords Construction Land Management Tenants 488

Housing Wire

JUNE 11, 2021

The limits allow tenants to raise a defense in court if they file a form with their landlord stating that they cannot pay rent, have lost income due to the pandemic, and promise to make partial payments. Not only are they now able to make rent payments, but there is rental assistance on the way.

Landlords 448

Landlords Tenants Government Realtors 448

Housing Wire

JUNE 29, 2022

According to Freddie, this option will be available starting July 10 and will allow mortgage lenders to submit a borrower’s bank account data that shows a 12-month streak of on-time rent payments to its automated underwriting system. The post Freddie Mac to include on-time rent in underwriting appeared first on HousingWire.

Landlords 435

Landlords Government Mortgage 435

Housing Wire

SEPTEMBER 6, 2022

The racial homeownership gap between Black and white Americans is wider than it was in 1960, and a combination of higher mortgage interest rates, rising home prices and an antiquated model for evaluating consumers’ ability to repay is exacerbating the problem. Understanding the language of cash-flow data.

Landlords 476

Landlords Finance Technology Lending 476

Housing Wire

FEBRUARY 1, 2023

The slowdown in the Federal Reserve ‘s short-term rate hikes , announced on Wednesday, was welcome news for the mortgage market and solidified expectations that the 30-year mortgage rates will drop throughout 2023. The MBA forecasts a modest drop in mortgage rates through 2023, ending closer to 5%. in February 2022.

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Buyers Mortgage Landlords Law 418

Housing Wire

JULY 29, 2022

That’s what a congressional subcommittee said happened between Fannie Mae and Invitation Homes , the single-family rental landlord that in 2017 got a $1 billion interest-only 10-year loan from the government-sponsored enterprise. In sharp contrast, a mortgage backed by Fannie Mae comes with a comprehensive array of borrower protections.

Landlords 397

Landlords Tenants Government Finance 397

Housing Wire

JANUARY 3, 2024

If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. A secondary school teacher in Colorado makes on average just under $63,000, according to the Bureau of Labor Statistics.

Landlords 488

Landlords Home Value Construction Renovations 488

Housing Wire

JANUARY 30, 2024

A growing number of nonbank mortgage lenders have recently rolled out down payment assistance (DPA) programs to increase their origination share in a challenging mortgage environment. Most recently, loanDepot rolled out a new DPA program for Federal Housing Administration borrowers that enables them to put no money down upfront.

Landlords 518

Landlords Housing Market Design Mortgage 518

Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

Technology 488

Technology Valuation Landlords Lending 488

Housing Wire

FEBRUARY 13, 2025

The bill, which Governor Gavin Newsom signed into law last year, requires landlords to offer tenants the option to have their on-time rent payments reported to credit bureaus. The new law aims to fix this by recognizing rent payments as a valid sign of financial responsibility, much like paying a mortgage or car loan.

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Law Landlords Tenants Technology 300

Housing Wire

APRIL 19, 2021

“When we launched Knox in March 2019, we set out to give everyone, from middle-class homeowners to seasoned landlords, a hands-off, predictable, and lucrative way to build wealth through investment property,” said David Friedman, Knox CEO. Knox has shown people across the U.S.

Landlords 397

Landlords Investing Tenants Construction 397

Housing Wire

DECEMBER 7, 2021

So mortgage lending morphed from a trust-based system to what could be called a “trust, but verify” model, to coin a favorite Russian proverb of Reagan’s. It’s important to note that taking trust out of the lending equation does not mean dehumanizing the mortgage experience.

Lending 418

Lending Mortgage Landlords Design 418

Housing Wire

DECEMBER 7, 2021

More than five million households failed to make their rent or mortgage payments in October, an increase compared to the same period of 2020, and a concern for mortgage servicers. of homeowners missed their mortgage payment in October, up from 3.2% billion, and missed mortgage payments totaled $83.9 million to 5.43

Landlords 482

Landlords Insurance Government Mortgage 482

Housing Wire

AUGUST 27, 2020

Whether you’re a real estate agent needing to spruce up the yard for an open house or a DIY landlord who needs ongoing yard care for your rental properties, you can manage it all from the TaskEasy app. “Imagine if you could add yard maintenance to your mortgage and amortize it over 30 years.”

Real Estate 518

Real Estate Technology Real Estate Agent Landlords 518

Housing Wire

FEBRUARY 10, 2022

The government-sponsored enterprise saw a 20% growth in its single-family mortgage portfolio from 2020 to 2021, driven by soaring home prices and an increase in the average size of loans it acquired. In exchange, the landlord would use a platform to report on-time rent payments to the credit bureaus. The post Freddie Mac posts $12.1B

Landlords 418

Landlords Tenants Finance Government 418

Housing Wire

APRIL 7, 2021

At least, more complicated than simply paying rent to a landlord every month. In fact, depending on where you live, your monthly rent could be more expensive than your monthly mortgage. 3 underrated mortgage products to consider. While owning a home is rewarding, the process can be a lot of work. Not to mention, expensive.

Landlords 476

Landlords Finance Housing Market Real Estate 476

Housing Wire

AUGUST 7, 2024

Single-family rental (SFR) investors are worried about the rising cost of home insurance, but the majority expect to buy more properties in the next year as mortgage rates cool and home-price growth subsides. That’s the conclusion from a survey of 235 single-family landlords in late June and early July.

Investors 459

Investors Real Estate Insurance Landlords 459

Housing Wire

SEPTEMBER 27, 2021

Forbearance options for landlords with multifamily mortgages backed by Fannie Mae and Freddie Mac were slated to expire on Sept. Caputo believes this to be a sign that the affordable housing sector is well on its way to fully recovering from the effects of the pandemic. 30 before they were once again extended.

Construction 488

Construction Landlords Inventory Finance 488