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New American Funding onboards top Chicago loan officer 

Housing Wire

The goal is to help them develop this territory and use this platform to attract talent – established loan officers, up and coming loan officers,” Steinway said in an interview with HousingWire. People are still buying homes, but we are still seeing multiple offers like crazy, seeing a lot of people waive contingencies such as inspections.

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FHFA housing, condo co-op lending guidelines need improvement: Trade groups

Housing Wire

In the letter , addressed to FHFA Director Sandra Thompson , the associations ask for “reasonable” building inspection requirements for aging infrastructure. In addition, the groups “request transparency in the process of developing final guidelines for condo and housing cooperative lending requirements.” “Any

Lending 356
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Fannie Mae extends relaxed appraisal, lending standards

Housing Wire

Earlier this year, citing the extraordinary circumstances that the country is facing with the ongoing spread of the coronavirus, the Federal Housing Finance Agency directed the government-sponsored enterprises to ease their standards for both property appraisals and verification of employment. Are borrower-assisted inspections here to stay?

Lending 539
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Biden administration rolls out renter protections as rent prices soar

Housing Wire

Rent hike protections Nearly one-third of all rental units nationwide are financed with federally backed mortgages — and the blueprint may help curb some of the steep rent price increases for these properties. Fannie Mae provided more than $69 billion in debt financing to support the multifamily market last year.

Finance 396
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Ginnie Mae extends some COVID-19 policies

Housing Wire

In order to continue protecting the healthy functioning of the housing finance market as the impact of COVID-19 lingers, issuers still need these prudent flexibilities to help manage persistent operational challenges,” said Alanna McCargo, president of Ginnie Mae, in a statement.

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Do You Need Termite Inspection When Buying a Home? 4 Reasons To Call Pest Control

Realtor.com

But before the sale is closed, you will need to clear several hurdles, one of which may be a termite inspection. While only a few states require it—and there is no federal law that mandates a termite inspection when buying a home—you might want to think twice before skipping it. Your lender may require it.

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Things Builders Should Know About Spec Home Loans

Realty Biz

First-time Spec house builders need to understand the nuances of financing to ensure successful projects. From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Challenges and Opportunities The world of spec house financing presents both challenges and opportunities.

Loans 108