Housing Wire

JULY 9, 2024

In addition, her office alleges that EasyKnock violated some of Massachusetts’ landlord-tenant laws. However, in response to similar claims made in an investigation done by NPR , EasyKnock states that it cannot be in violation of the Truth in Lending Act as the deals are not loans, but instead a home sale transaction and a rental agreement.

Lending 448

Lending Law Investors Advertising 448

Housing Wire

OCTOBER 18, 2022

Knox Upside, which distributes rental income to the investment property owner when a resident pays rent and enables owners to access their equity through Knox’s proprietary lending platform. . Clients of the company can also access Knox Lending Corp., Knox’s lending arm.

Investing 435

Investing Real Estate Lending Tenants 435

Housing Wire

SEPTEMBER 13, 2024

She has been a Realtor since 1985 and also spent 20 years in mortgage lending. Johnson has previously served as its senior vice president of advocacy, chief lobbyist and chief external affairs officer. According to her company bio, Suit became CEO in September 2013.

Realtors 434

Realtors Real Estate Landlords Tenants 434

Housing Wire

OCTOBER 2, 2024

He also mentions Pretium’s evolution from targeting single-family rentals to other assets, with a greater focus on technology and operational efficiency to better serve landlords and tenants. Burns follows up with a question on how Pretium’s construction lending platform sets them apart, as well as the company’s interest in land banking.

Real Estate 459

Real Estate Investing Landlords Tenants 459

Housing Wire

AUGUST 16, 2024

Although demand for rentals remains strong, rent prices have shown slow growth due to a bevy of new apartments hitting the market, creating competition for tenants. Redfin noted that investors typically prefer single-family properties as this segment of the market has posted relatively strong rent growth and lower tenant turnover rates.

Investors 468

Investors Tenants Real Estate Property Taxes 468

Housing Wire

MAY 10, 2023

The company offers direct-source data portability tools for mortgage, lending, banking, background and tenant screening, and other use cases. Payroll connectivity platform Argyle announced this week that it has grown the number of its consumer verifications 100% year over year and has welcomed over 35 new customers so far in 2023.

Mortgage 435

Mortgage Tenants Business Finance 435

Housing Wire

FEBRUARY 15, 2024

As we continue to grow our portfolio, we’ll use equity as well as debt … a lot of the banks that he works with also do commercial lending. So we’ll look for him to leverage his relationships into access to investors. That’ll be a big part.

Realty 434

Realty Loan Officers Retail Real Estate 434

Housing Wire

JANUARY 24, 2023

In a typical sale-leaseback transaction, EasyKnock receives a processing fee from the initial home sale and then receives monthly rent after the customer becomes a tenant, he said. The majority of its revenue comes from rents, set at market rates by using third-party data.

Tenants 397

Tenants Loan Officers Finance Clients 397

Appraisal Buzz

JUNE 27, 2024

Prior to joining NFHA, Bailey served as an EVP at the Center for Responsible Lending (CRL), a research and policy advocacy organization that seeks to build a fairer and more inclusive financial services marketplace.

Development 395

Development Finance Tenants Lending 395

Housing Wire

JANUARY 10, 2024

million into Pennymac Loan Services, its mortgage lending subsidiary, to establish a mortgage fulfillment production center in Cary, North Carolina. million in tenant improvements in North Carolina since 2021, the letter added. In 2021, Pennymac vowed to create 322 jobs in Wake County, North Carolina and invest $4.3

Investing 442

Investing Tenants Development Loan Officers 442

Simonson Real Estate

AUGUST 24, 2020

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. Based on lender interviews and market reports, appetite for lending on each of the property types generally falls into in the following ranking (in order of best to worst). We had a great discussion!

Lending 148

Lending Construction Tenants Real Estate 148

Housing Wire

AUGUST 18, 2023

The funds will also allow for new housing construction with CDBG funding in declared-disaster areas, and provide flexibility in HOME tenant-based rental assistance requirements “to reduce burden for those seeking assistance.” CFPB warns that some bad actors typically aim to take advantage of these inclinations.

Government 370

Government Mortgage Tenants Development 370

Housing Wire

JULY 29, 2024

At FHFA’s first-ever tech sprint last year , the focus was on the front end of mortgage lending and increasing tech adoption. Multifamily renting An Uber-like experience to match today’s 30 million renters with property managers, Domino would provide tenants with a personalized readiness rating.

Tools 360

Tools Training Tenants Property Management 360

Appraisal Buzz

MAY 24, 2021

It’s not uncommon for people to have tenants or roommates, but you’ll typically find that isn’t the case with single-family houses. If you want to be a real estate investor, you wouldn’t necessarily purchase multiple single-family properties when you could fit more tenants into one building. That’s why multifamily homes exist.

Appraisal 397

Appraisal Tenants Buyers Landlords 397

Housing Wire

OCTOBER 16, 2024

Census-tract demographics and poverty have a relationship with “the prevalence of FHA-insured mortgages and [tenant-based housing choice voucher (TBV)]-supported households,” the paper said. Notably, nearly half (45%) of FHA-backed mortgages are issued to homeowners in census tracts where 75 percent or more of the residents are white.”

Tenants 488

Tenants Investing Housing Market Mortgage 488

Appraisal Buzz

AUGUST 9, 2024

Glodt has more than ten years of experience as a banker engaged in commercial lending, ground-up construction, and investment real estate development. He has also managed transactions involving owner-occupied real estate – and has expertise in both SBA 7A and 504 lending, including both merger and acquisition deals.

Brokerage 195

Brokerage Mortgage Tenants Real Estate 195

Housing Wire

FEBRUARY 14, 2024

A wave of office debt at regional banks Higher capital requirements after the 2008 financial crisis caused large banks to pull back on their commercial real estate lending; regional banks, unburdened by those requirements, seized the opportunity for expansion, Bloomberg has reported.

Mortgage 468

Mortgage Real Estate Insurance Tenants 468

Housing Wire

APRIL 27, 2021

In many of those reviewed, there is a strong desire to keep appraisals and appraisers as key components of the mortgage lending process. Because Freddie and Fannie are such a large share of the market, their appraisal guidelines—forms and methods—become the de facto industry standards for residential mortgage lending.

Modernization 347

Modernization Appraisal HOA Valuation 347

Housing Wire

OCTOBER 1, 2022

Another reason why distressed sales are likely low, is that lending standards remain tight. Investors may have been attracted to the market as they saw rents increase for tenants. Due to the consistent rise in home prices, homeowners typically do have equity in their home distressed sales are not common today.

Realtors 418

Realtors Housing Market Marketing Buyers 418

Housing Wire

APRIL 4, 2024

Meanwhile, community-focused trade groups and associations, although feeling that the new rules miss some relevant aspects of fair lending, criticized the judge’s decision. This week in Washington, D.C., In reaction, they are willing to support regulators via an amicus brief if the federal agencies decide to appeal in the Texas case.

Modernization 339

Modernization Law Legal Landlords 339

Housing Wire

SEPTEMBER 20, 2022

The largest owner of rental homes raised rents 12% last year and sees the potential to keep boosting rents to a higher percentage of tenants’ disposable income. Barry Zigas is a Senior Fellow at Consumer Federation of America , former SVP for Community Lending at Fannie Mae and former President of the National Low Income Housing Coalition.

Investors 435

Investors Landlords Inventory Buyers 435

Housing Wire

JULY 27, 2023

Many owners are attempting to pass along the increased financial burdens to tenants by increasing rental rates, provided that demand in a particular submarket supports higher rental rates,” Barry said. With affordability challenges to persist, demand for new housing construction will follow. “The Last hike of the year?

Construction 370

Construction Tenants Mortgage Finance 370

Housing Wire

OCTOBER 5, 2022

Fannie Mae and Freddie Mac are working to provide more loss mitigation options to borrowers, studying ways to address appraisal bias and encouraging lending for manufactured homes, she said. One of the things that we introduced is the tenant protections for renters, with basic things like 30-day notice to raise the rent.”.

Appraisal 370

Appraisal Tenants Appraisal Process Mortgage 370

Cleveland Appraisal Blog

AUGUST 25, 2022

Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. Another crucial step is to figure out how much you can afford. This means on a $250,000 property, you’ll have to have a minimum of $37,500 in cash for the banks to even consider a loan.

Investing 337

Investing Renovations Landlords Real Estate 337

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

Renovations 395

Renovations Investing Real Estate Marketing 395

DataMaster

JUNE 15, 2023

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

Appraisal 148

Appraisal Tenants Investors Business 148

Simonson Real Estate

JULY 10, 2020

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Examples: A building owner has a single lease or multiple leases with tenants.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Simonson Real Estate

OCTOBER 23, 2020

Moderate credit tenants – 6.5% Multi-tenant retail centers – 6.0% What are Banks Lending On? After looking at how the numbers break down, it begs the question: What are banks lending on in this uncertain and unpredictable market? Urban core Class A – range of 4.5% Suburban Class A – 5.0% Class B – 5.5% to 8.0%, pre-COVID.

Appraisal 143

Appraisal Retail Tenants Real Estate 143

The Robert Weiler Company

JANUARY 2, 2021

The contract is essentially a seller-financed lending agreement for the purchase of a property, which requires the buyer to pay monthly installments until a balloon payment is due. Otherwise, you risk defaulting on your loan and losing your car to the bank or lending institution that financed the vehicle. Risk of eviction.

Contracts 143

Contracts Tenants Legal Sellers 143

Simonson Real Estate

APRIL 26, 2021

In the world of single-tenant commercial real estate one property type sub-group has stood out: Dollar Stores. Dollar General Tenant Overview. The following table summarizes Dollar General corporate details: Dollar General Tenant Lease Terms. Net Lease Markets. What are dynamics of a net lease investment property?

Marketing 78

Marketing Tenants Valuation Real Estate 78

Simonson Real Estate

JANUARY 23, 2020

Often times, the tenant is able to rationalize these locations with part of the costs allocated for marketing. Investors want to have a stronger comfort level with the probability the tenant will renew. A function of location and credit risk profile of tenant. This has changed from even 10 years ago. Industrial. Now $85.00/SF

Real Estate 78

Real Estate Tenants Retail Valuation 78

Chicagoland Appraisal Blog

MARCH 21, 2022

In my practice here, we specialize in the non-lending side of the appraisal hemisphere. We do appraisals for private sales, landlord-tenants looking to do a private sale without exposing it to the market, siblings or relatives type of private sales, and things among those lines. Sometimes these things happen.

Appraisal 148

Appraisal Tenants Real Estate Property Taxes 148

Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

DataMaster

JUNE 15, 2023

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

Appraisal 78

Appraisal Tenants Investors Business 78

Movoto

APRIL 30, 2024

Credit scores need to meet a minimum threshold for most lending scenarios, and better scores translate to more favorable mortgage terms. The post From Tenant to Owner: The Ultimate Guide to Navigating Rent to Own Condo Programs appeared first on Movoto Blog.

Tenants 36

Tenants Real Estate Contracts HOA 36

Simonson Real Estate

JUNE 10, 2020

Overall risk is higher for the bank in these circumstances due to economic factors which can lead to changing property values and potential risk of tenants or borrowers having revenue disruptions that impact their ability to pay their rent or their mortgage. In a bear market, appraisals tend to be scrutinized more closely (and rightfully so).

Real Estate 148

Real Estate Appraisal Clients Valuation 148

McKissock

AUGUST 23, 2022

Appraisals of rural residential properties do not conform to the typical mortgage lending underwriting expectations of urban and suburban residential properties. In this job aid, you will find a table outlining the five main types of commercial leases and the expenses that landlords and tenants usually bear according to these types of leases.

Appraisal 76

Appraisal Renovations Property Appraisal Landlords 76