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FHA institutes new payment supplement partial claim

Housing Wire

Regarding other initiatives, Gordon said the FHA is “also hoping soon to put out our servicing defect taxonomy ” and, in the near future, will be releasing a mortgagee letter for the 203(k) renovation loan program. Since March 2020, lenders and servicers have provided borrowers with nearly 1.9 million COVID-19 loss-mitigation actions.

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Here’s how wholesale lenders and brokers are navigating near-8% mortgage rates

Housing Wire

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. 4-7, in Las Vegas. “There is too much distraction in the market; there are some negative folks out there.

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Home Renovation Projects Under $1,000 That Add Lasting Value

Redfin

Numerous home renovation projects can add significant value to your home without breaking the bank. Whether you’re preparing to sell or simply craving a fresh look, this Redfin article will unveil a curated list of budget-friendly home renovation projects, all under $1,000.

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Is Home Renovation Necessary Before Listing In Hot Markets?

RIS Media

But just because the ball is already in the seller’s court, so to speak, is it enough to justify skipping renovations altogether? Right now, sellers who don’t have the budget for a full home renovation need not worry—for the most part. Consider Your Market.

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Six Kitchen Renovations With a High Return on Investment

RIS Media

When selling a home though, most real estate professionals will vouch that—as far as home improvements are concerned—kitchen renovations are worthy investments that will likely increase your resale value. DIY expert and licensed contractor Beth Allen shares six common kitchen renovation ideas with the biggest investment return.

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Homeowners Plan to Continue Renovation Projects into 2023, Houzz Survey Finds

Realty Biz

Among those planning to start renovations in the next 12 months, 67% want to stay in their current home/lot rather than buy a new home that fits their current needs. Renovation activity and planned renovations remain strong among homeowners, despite various industry and economic headwinds,” said Marine Sargsyan, Houzz staff economist.

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How to Host Giveaways to Boost Engagement and Brand Awareness

RIS Media

For those who are looking to boost their engagement and brand awareness, however, adding giveaways across your social platforms can help generate more traffic and offer a fun and unique experience for your clients and leads. Suggest they post the room they most want renovated and why—the perfect post for a home improvement gift card giveaway!

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