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HUD seeks public comment on updates to reverse mortgage documents

Housing Wire

The first is for the HECM anti-churning disclosure, which is designed to protect borrowers from unnecessary loan refinancing. The first is for the HECM anti-churning disclosure, which is designed to protect borrowers from unnecessary loan refinancing. Department of Veterans Affairs (VA) loans, the notice said.

Mortgages 430
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The activities RESPA allows real estate agents to perform

Housing Wire

Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. A loan is not wrapped under RESPA if it is a construction-to-permanent loan. RESPA does not apply when the loan is paid off & a permanent new mortgage is started. Loan for vacant land.

Agents 370
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Could the assumable mortgage level the playing field?

Housing Wire

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. The product, known as an assumable mortgage, is not new.

FHA loan 388
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Why CAR campaigned for California’s Proposition 19

Housing Wire

Proposition 19 eliminated the ability of homeowners to transfer primary residential properties to their children or grandchildren without the property’s tax assessment resetting to market value if the property is being used as a rental house or second home. But CAR, which supported the measure with $35.7

VA loan 416
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FREE Webinar: Update on Current VA Appraisal Topics

McKissock

What’s going on with the VA? McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Current Topics with the VA,” featuring a discussion with James Heaslet, Chief Appraiser for the Department of Veterans Affairs and Jeffrey Hogan, Vice-President at Veros Real Estate Solutions. Sign up now.

VA loan 85
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The activities RESPA allows real estate agents to perform

Real Trends

Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. A loan is not wrapped under RESPA if it is a construction-to-permanent loan. RESPA does not apply when the loan is paid off & a permanent new mortgage is started. Loan for vacant land.

Agents 67
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What to Know About Buying a Prefabricated Home in Minnesota

C4D Crew

Each module is constructed according to the International Residential Code (IRC) and local building regulations. Your options could include: Conventional loans FHA loans VA loans Construction loans If you’re building a prefab, tiny, or manufactured home as an ADU to an existing property, you may qualify for a HELOC loan.

Land 52