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Fannie Mae picks winner of first nonperforming-loan sale of 2022

Housing Wire

Fannie Mae has chosen the winning bidder for its inaugural nonperforming loan sale of 2022, a deal involving 3,223 loans with an unpaid principal balance of $477.2 The transaction, which represents Fannie Mae’s first nonperforming loans sale this year, is slated to close July 27. Terms of the sale were not disclosed.

Loans 364
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Agent commission lawsuits cast long shadow over VA, FHA borrowers

Housing Wire

Seller concessions for VA borrowers are capped at 4% of the home’s purchase price or appraised value and can cover some closing costs, including the VA funding fee and prepaid taxes. The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. points from the 7.5%

VA loan 446
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Is time the enemy of equity for chronically distressed homeowners?

Housing Wire

The program allows delinquent borrowers to package up to 30 percent of the unpaid principal balance of their original loan into a non-interest bearing second loan that only needs to be paid off when the home securing the loan is sold or refinanced, or the first position mortgage is paid off sometime down the road. Assuming he put 3.5%

Equity 405
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How Are Pre-Construction Sales This Fall?

Toronto Realty Blog

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? ” Or maybe these developers know something I don’t.

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Ask RK: 3 strategies to create a tax-deductible mortgage in Canada

Zolo

Q: A reader wants to know if there is any way to convert a principal residence mortgage into tax-deductible debt. . Property A is our principal residence; property B is an investment property. Property A is our principal residence; property B is an investment property. We own two houses, both fully paid and no debt.

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Real Estate Mortgage Notes: Investing For Higher Returns in 2021

Marco Santarelli

If you are experienced enough, you can potentially find and purchase your own mortgage notes. . If you are experienced enough, you can potentially find and purchase your own mortgage notes. . Mortgage note investing is one of the best real estate investment opportunities available but it is rarely discussed.

Mortgages 122
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How to Apply For a First-Time Home Buyers Loan: Simplifying the Process Into 8 Doable Steps

HomeLight

Source: (LinkedIn Sales Solutions / Unsplash). Second mortgages : These are loans you can take out to subsidize the down payment in addition to taking out a principal mortgage. The first time you do something is always the hardest, and buying a house is definitely no different. Sound great? Sure it does! Step 1: Make sure you qualify.

Loans 95