Housing Wire

OCTOBER 15, 2024

In late August, Fannie Mae and Freddie Mac introduced new minimum standards to be included in tenant leases on GSE-backed multifamily properties. It’s now available to borrowers in all parts of the U.S.

Landlords 476

Landlords Tenants Property Management Legal 476

Appraisal Buzz

OCTOBER 29, 2024

There was a short window during the pandemic when mortgage rates were extremely low, allowing a lot of millennials and Gen Zers to buy homes—but not everyone could afford to take advantage of the window. This could be because they are more likely than older tenants to see significant income increases as their careers progress.

Tenants 397

Tenants Home Value Mortgage Appraisal 397

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. Fee waiving RentSpree , a rental platform offering tenant screening and software services, pledged to provide monetary relief.

Real Estate 488

Real Estate Real Estate Agent Landlords Tenants 488

Housing Wire

MARCH 19, 2025

After taking the time to digest elements of a proposal from lawmakers in Hawaii , the National Reverse Mortgage Lenders Association (NRMLA) has expressed support for a measure to establish a state-run Home Equity Conversion Mortgage ( HECM ) program there. NRMLA called this provision admirable and forward thinking.

Mortgage 243

Mortgage Property Taxes Tenants Insurance 243

Appraisal Buzz

NOVEMBER 26, 2024

Stone discussed challenges in the real estate and mortgage sectors, emphasizing operational efficiency and preparedness in light of regulatory changes, housing supply concerns, and evolving market dynamics. Housing Market Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability.

Real Estate 367

Real Estate Tenants Insurance Construction 367

Housing Wire

APRIL 17, 2024

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. The pessimism is visible in mortgage rates. Freddie Mac ‘s weekly Primary Mortgage Market Survey is climbing back towards 7%.

Mortgage 493

Mortgage Brokerage Real Estate Tenants 493

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?

Tenants 448

Tenants Mortgage Landlords Development 448

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.

Tenants 476

Tenants Mortgage Construction Landlords 476

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

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. For single-family mortgages, the U.S.

Tenants 448

Tenants Landlords Mortgage Finance 448

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%

Tenants 459

Tenants Landlords Mortgage Finance 459

Housing Wire

OCTOBER 4, 2023

Indiana-based First Savings Bank plans to lay off over 100 mortgage employees in the coming months, according to documents filed with authorities in multiple states. News of the plans come as political instability and a strong job market push mortgage rates closer to 8%. In Michigan, 18 will be impacted on Nov.

Human Resources 468

Human Resources Mortgage Tenants Lending 468

Housing Wire

JUNE 3, 2021

The regulator also extended protections for tenants that property owners must adhere to in order to access forbearance. As borrowers impacted by COVID-19 continue to exit mortgage forbearance, now is the time for lenders and servicers to be proactive in their borrower outreach to reduce foreclosure volume.

Tenants 497

Tenants Landlords Finance Tools 497

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.

Landlords 221

Landlords Tenants Contracts Law 221

Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. So, they prepay the mortgage and sell the property, or sell it once the mortgage matures. “A

Tenants 511

Tenants Finance Construction Government 511

Housing Wire

JANUARY 27, 2023

Rent hike protections Nearly one-third of all rental units nationwide are financed with federally backed mortgages — and the blueprint may help curb some of the steep rent price increases for these properties. According to the blueprint, if an eviction is filed, tenants should get 30 days’ notice and counsel during an eviction proceeding.

Tenants 435

Tenants Landlords Finance Government 435

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. Top-of-mind solutions for landlords include automated tenant screening and online rent collection, as well as smart home amenities.

Investing 476

Investing Tenants Landlords Marketing 476

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

Appraisal Buzz

MARCH 18, 2025

Many affluent Americans are choosing leases over mortgages because the cost of buying a home has jumped significantly more than the cost of renting one in recent years, said Redfin Senior Economist Elijah de la Campa. With mortgage rates near 7%, renting frees up cash for other investments that may be more lucrative than real estate.

HOA 387

HOA Real Estate Agent Tenants Real Estate 387

Appraisal Buzz

JANUARY 22, 2025

While builders response has kept multifamily rent growth steady for several months and stubbornly high mortgage rates are limiting buyer demand and home value increases, detached single-family home rentals are still rising at an accelerating rate. Instead, in an effort to attract tenants, property managers are increasingly using concessions.

Inventory 370

Inventory Home Value Tenants Property Management 370

Appraisal Buzz

DECEMBER 11, 2024

Over 30% of the income of over 10 million senior tenants was spent on housing. When anticipating the need to relocate, 71% of adults in that demographic mentioned rent or mortgage costs as a major concern. Only 36.5% of eligible households received government housing aid in 2021, while 11.2 address the issue of aging in place.

Property Taxes 362

Property Taxes Tenants Technology Investing 362

Housing Wire

FEBRUARY 14, 2024

The demise of those banks, which had relied in part on friendly terms on jumbo mortgage loans to entice wealthier clients, had lasting effects on the mortgage landscape – as part I and part II of our jumbo series show. 7, the bank was reportedly offering to sell Flagstar’s residential mortgage assets.

Mortgage 468

Mortgage Real Estate Insurance Tenants 468

Housing Wire

AUGUST 27, 2020

Four days ahead of its previous expiration date, the Federal Housing Finance Agency extended its moratorium on foreclosures and evictions for borrowers with mortgages backed by Fannie Mae and Freddie Mac until Dec. According to the GSEs, the suspension does not apply to tenants in homes that have not been foreclosed.

Tenants 536

Tenants Mortgage Finance 536

Housing Wire

AUGUST 18, 2023

The waivers come as thousands of government-backed mortgages on the island have been impacted by the disaster, according to data released by the office of Hawaii Gov. Additionally, 1,300 Federal Housing Administration (FHA) mortgages including two public housing and two senior living buildings have been impacted, as well as 927 U.S.

Government 370

Government Mortgage Tenants Development 370

Appraisal Buzz

NOVEMBER 18, 2024

Ironically, renting is often now more affordable than buying due to skyrocketing mortgage rates. The Current Market Landscape Fast forward to today, and we’re seeing some eerily familiar patterns: Rent Stagnation: After years of steady growth, rents have plateaued in many markets. Will he be able to <insert hail mary options>?

Development 335

Development Finance Real Estate Housing Market 335

Housing Wire

JULY 29, 2022

The Select Subcommittee on the Coronavirus Crisis found that from March 2020 to July 2021, as many as 29% of the company’s eviction cases resulted in the tenant ultimately losing their housing — a rate more than four times higher than the rate it represented to Fannie Mae. There is little data to track the prevalence of such strategies.

Landlords 397

Landlords Tenants Government Finance 397

Housing Wire

NOVEMBER 21, 2023

California’s SB 1157 has made a significant impact on the lives of tenants in subsidized housing developments. This groundbreaking state-specific law mandates that landlords who own or operate such properties offer their tenants the option to have their rental payments reported to credit bureaus.

Tenants 468

Tenants Law Landlords Development 468

Housing Wire

FEBRUARY 27, 2024

Mortgage technology firm Xactus named Michael Crockett as its chief operating officer. In his expanded role, Crockett will guide day-to-day operations and key departments at Xactus, including credit, verifications and tenant screening. He previously served as the company’s chief data officer.

Valuation 446

Valuation Tenants Clients Training 446

Housing Wire

MAY 20, 2022

If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations. If you’re in over your head in debt and can’t find your way out, your mortgage company may approve a short sale. Sell to Your Tenants.

Real Estate Agent 435

Real Estate Agent Tenants Real Estate Agents 435

Housing Wire

SEPTEMBER 5, 2024

The authors suggest a two-fold recommendation — that more states and local municipalities pass “source of income” legislation so that tenants and homebuyers will be better protected; and for the U.S. mortgage market in 2023, up from 14.3% of the U.S. in 2022, according to HUD.

Buyers 476

Buyers Real Estate Agent Inspection Real Estate 476

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.

Law 300

Law Landlords Tenants Technology 300

Housing Wire

MARCH 11, 2025

According to the study, a growing number of renters are turning to single-family homes due to common market pressure points such as higher home prices and mortgage rates , as well as dwindling inventory. This could give households greater opportunity to snag their desired location without worrying about home prices or mortgage rates.

Inventory 191

Inventory Tenants Real Estate Marketing 191

Housing Wire

AUGUST 29, 2024

The pandemic hangover, which has left many tenants straining to make rent, translates to lower rent collections, and in turn less cash flow, for owners. Mission-based owners also offer tenant services such as meal deliveries, after school tutoring, job placement counseling, and digital literacy training.

Landlords 434

Landlords Tenants Property Taxes Development 434

Housing Wire

APRIL 22, 2024

Even homeowners who have paid off their mortgage may be finding that their available equity is not enough to downsize, according to a story published Saturday by The New York Times. The article also notes that reverse mortgages are a potentially valuable tool for seniors in the current housing environment.

Tenants 459

Tenants Mortgage Insurance Tools 459

Housing Wire

AUGUST 16, 2024

during the same period, which Redfin attributed to elevated mortgage rates and home prices. While investors are still sensitive to mortgage rate changes, they are less sensitive than consumer buyers as 69% of investors pay in cash. The number of home purchases by investors rose 3.4% In comparison, total U.S. home purchases fell 1.9%

Investors 468

Investors Tenants Real Estate Property Taxes 468

Housing Wire

JANUARY 4, 2024

RentSpree offers rental software solutions such as tenant screening, online applications, document automation, e-signatures, denial and approval communications as well as property landing pages. So did non-bank mortgage lender and servicer Mr. Cooper , as well as data host for property listing information Rapattoni.

Tenants 481

Tenants Insurance Development Mortgage 481

Housing Wire

MAY 7, 2024

A recent survey conducted by Villa , the largest builder of ADUs in California, found that 60% of the tenants living in these units report being able to “live in a neighborhood they would not otherwise be able to afford.” But some experts believe that financing options for ADUs need to be expanded.

Construction 476

Construction Tenants Design Finance 476