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Compass adds 10 principal agents to Ocean City office

Inman

Compass has recruited 15 agents from an Ocean City, New Jersey, RE/MAX franchise, 10 of whom will serve as principal agents. The new recruits represent $136 million in 2022 sales volume.

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The month in reverse mortgage rates: March 2024

Housing Wire

Department of Housing and Urban Development (HUD) determines how much principal a lender can provide a borrower. This “principal limit” calculation is based on factors like home value, age, and of course, interest rates. Conversely, when expected rates are lower at origination, borrowers are offered more principal.

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Mortgage 101: How to Calculate Principal and Interest

Bigger Pockets

Calculating the principal and interest on your loan helps you identify the actual cost of a property. If you have a $400,000 loan at a 30-year fixed rate of 5%, […]

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Second homes and the principal residence tax exemption

REM Online

The original post can be found at the following URL: Second homes and the principal residence tax exemption. The original post can be found at the following URL: Second homes and the principal residence tax exemption. The following content may have been republished here without the author's permission.

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Keller Williams announces new executive appointments 

Housing Wire

“Well-known across our ecosystem as servant leaders, Wendi and John will act as growth partners for our regional operating principals and regional directors,” Mark Willis, CEO of KW , said in a statement. Wendi has inspired, trained, and recruited many of our best agents, team leaders, and operating principals,” Willis added.

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FHA institutes new payment supplement partial claim

Housing Wire

The new option Partial claims are interest-free loans from HUD that borrowers use to make their payments current, with the remainder of the late payments added to the principal and extended for 30 years. During this period, the mortgage will not be modified, facilitating the sale to Ginnie Mae.

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New Development Spotlight: Ordino Resorts Villas Residential in the Principality of Andorra

Sotheby's International Real Estate

Ordino, The Principality of Andorra | Narcís Socías Tomàs, Andorra Sotheby’s International Realty . Continue reading New Development Spotlight: Ordino Resorts Villas Residential in the Principality of Andorra at Sotheby´s International Realty | Blog.