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Fannie Mae expands use of AOLs in selling guide update

Housing Wire

The American Land Title Association has been a vocal critic of AOLs since Fannie Mae’s announcement nearly two years ago. In an emailed statement, a Fannie Mae spokesperson wrote that the GSE is continuing to explore ways to improve housing affordability by reducing closing costs.

Title 365
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VA makes major change to America’s most underutilized mortgage program

Housing Wire

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The new rate will apply to NADL loans closed on or after March 13, which will lock in the 2.5%

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How to Handle Renovation Properties

The Residential Specialist

Our experts share how to handle renovation properties to get the best results. Some homes require extensive updates prior to selling, while others must be marketed as purely renovation projects or complete tear-down opportunities. To renovate or not to renovate. By Jenna Grundtner.

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‘Stranger Things’ actor Matthew Modine’s former West Chelsea apartment lands on the market

Fancy Pants Homes

A stylish duplex loft with 14-foot ceilings and oversized windows in West Chelsea has recently landed on the market. The wildly imaginative homes of our favorite movie directors The post ‘Stranger Things’ actor Matthew Modine’s former West Chelsea apartment lands on the market appeared first on Fancy Pants Homes.

Land 52
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In Pebble Beach, a fully renovated $39M estate takes in all the beauty of the Monterey Peninsula

Fancy Pants Homes

And said deep-pocketed buyers have more choices to pick from, as a meticulously renovated private estate — sitting on a generous 3.16-acre acre lot — has recently landed on the market. Built in 2000 and fully renovated in 2023, the property has nearly 7,500 interior square feet on a 3.16-acre

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Daily Links: Century-Old Crown Heights Garage Slated for Demo Hides Cache of Classic Cars

Brownstoner

In the News A Clinton Hill ‘Near-Zero Carbon’ Renovation [NYT] Brooklyn Theaters Win $10K Grants to Help Keep Indie Theater Alive [BP] Community Land Trusts Could Transform Housing: Experts [BK Reader] Local Leaders File Suit to Block Floyd Bennett Field Migrant Shelter [amNY] Greenpoint Wine Bar Coast and Valley Closing [Greenpointers] DOT Ignores (..)

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ALTA on new Fannie policy: title insurance “will always be essential”

Housing Wire

The American Land Title Association , the primary trade organization for the title industry, expressed a similar view. “We So one can issue the attorney opinion product but it will NOT be a substitute for title insurance,” Moscony wrote.

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