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Fannie Mae pays $53M to settle recession-era discrimination suit

Housing Wire

Amid protests set off by George Floyd’s death, Fannie Mae ’s CEO issued a public statement about its commitment to racial equity. I told him, ‘We have this serious racial equity issue still pending, and I hope Fannie Mae is serious about it.’” Our role in housing finance brings important responsibilities.”.

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Industry supports FHA’s 40-year loan term option — with caveats

Housing Wire

Leslie Rouda Smith, president of the NAR, used her own letter to the FHA to explain the trade group has been “concerned” about the pandemic’s impact on the housing market. A 30-year loan mod option limits the amount of interest paid and helps borrowers accumulate equity in their homes more quickly, the groups said in the letter.

Loans 417
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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

The GSEs should “increase certain loan purchases” in Duty to Serve markets; develop new and accessible loan products and programs; and evaluate new business partnership opportunities. Better loan products to serve “high-needs rural regions” should also be developed. mortgage finance system.

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties.

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How To Create Wealth Investing In Real Estate

Lab Coat Agents

It’s a frequent misperception that you need to be affluent or a real estate specialist to invest in real estate. The truth is that everybody can invest in real estate somehow, even if they have a small amount of money to begin with. Investing in real estate might imply a variety of things.

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Opinion: 5 policy changes that can improve housing affordability

Housing Wire

Residential zoning laws are designed to promote orderly development, control traffic flow, and ensure that noise and activity levels are appropriate to each specific neighborhood. Launch a government-funded affordable housing awareness campaign Home equity is the primary source of wealth for most Americans.

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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. “One So how can you develop that skill that makes the pros so confident — and drives major return on investment? There is never a perfect investment situation.

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