Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

Land lease 459

Land lease Land Lending Finance 459

Housing Wire

MARCH 19, 2021

. “We believe LEN has built a unique niche within the industry by combining a production homebuilding model with land development expertise and deep local market share,” analysts from BTIG wrote in a note on Thursday. Given the apartment business has ~$1 bln of invested equity today, this suggests at least $1.5

Land 529

Land Development Equity Construction 529

Housing Wire

APRIL 17, 2024

The Federal Housing Finance Agency (FHFA) this week announced a new product proposal for government-sponsored enterprise (GSE) Freddie Mac that would allow the agency to purchase certain single-family, closed-end second mortgages. FHFA Director Sandra Thompson explained that such options are needed in the current mortgage rate environment.

Closing 529

Closing Mortgages Equity Loans 529

The Close

NOVEMBER 12, 2024

Buying vacant land can be a wise investment with great returns if you plan carefully and understand what’s involved. While land can be a relatively cheap and low-effort investment compared to a house, making money from it might be trickier. Check access: Make sure you have legal access to the land. Let’s get into it!

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Land Investor Finance Development 98

Housing Wire

NOVEMBER 2, 2022

Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry. Manufactured homes are built at indoor homebuilding facilities and then delivered to the land chosen by the owner.

Loans 418

Loans Mortgages Land Finance 418

Housing Wire

AUGUST 13, 2024

Influential housing nonprofit Enterprise Community Partners this week submitted a comment letter to the Federal Housing Finance Agency (FHFA) regarding the Duty to Serve (DTS) plans submitted by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

Finance 447

Finance Development Land Loans 447

Housing Wire

JANUARY 6, 2022

But according to the Federal Housing Finance Agency , which has oversight power over Fannie and Freddie, the GSE’s must go back to the drawing board when it comes to their 2022-2024 Duty to Serve plan. Further, the advocates called a legal interpretation preventing GSEs from making targeted Duty to Serve equity investments “dubious.”.

Land 526

Land Loans Title Lending 526

Housing Wire

JUNE 28, 2024

The Federal Housing Finance Agency (FHFA) on Thursday named the inaugural members of its newly created advisory committee on affordable, equitable and sustainable housing. Stacie Young, president and CEO, Community Investment Corp.

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Lending Principal Finance Land 418

Housing Wire

OCTOBER 19, 2023

By doing a cash-out refi, she landed a $340,000 FHA loan and locked in a 6.9% We are paying off her current mortgage balance of $280,000 while maintaining more than $200,000 in home equity,” said Anderson, who runs the mortgage broker shop Rancho Capital Home Loans. mortgage rate at the end of August. “At In 2021, more than $1.2

Mortgages 497

Mortgages FHA loan Equity Loans 497

Housing Wire

AUGUST 4, 2021

Before that, she ran the San Francisco-based lender’s retail fulfilment and home equity division. Citi, now led by former mortgage head Jane Fraser , was the 23rd-largest residential mortgage lender in America by origination volume in 2020, according to a data analysis by Inside Mortgage Finance. The bank funded $33.94

Mortgages 435

Mortgages Banks Land Lending 435

Housing Wire

MAY 22, 2024

This is according to a jointly issued brief published this week by the National Consumer Law Center (NCLC), the American Land Title Association (ALTA) and AARP. As they do, they should revise the laws to protect property owners from unnecessary tax foreclosures and preserve the equity in their homes.” In 2023, the U.S.

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Staging Equity Title Land 467

Housing Wire

NOVEMBER 17, 2021

Federal Housing Finance Agency (FHFA) Acting Director Sandra Thompson has put affordability at the top of the annual to-do list for the government-sponsored enterprises. There was no mention of “equity” or “equitable” in the 2021 scorecard. It also directed the GSEs to transfer a significant amount of risk to private investors.

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Equity Loans Finance Title 418

Housing Wire

JUNE 21, 2024

Since making headlines for the first time roughly 18 months ago, right-to-list agreements — also known as Non-Title Recorded Agreements for Personal Service (NTRAPS) — have been banned in 30 states, according to an announcement from the American Land Title Association (ALTA).

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Title Bankruptcy Land Equity 394

Housing Wire

DECEMBER 15, 2021

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. HW: How is Finance of America Mortgage meeting borrowers’ unique financial needs?

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Finance Loans Construction Equity 418

Housing Wire

SEPTEMBER 8, 2022

Fiercer competition in the wholesale channel spurred United Wholesale Mortgage (UWM) to increase the ceiling on conforming loans on Wednesday, ahead of the Federal Housing Finance Agency’s (FHFA) decision in November. Meanwhile, Rocket Pro TPO also plans to diversify its product portfolio by offering home equity loans in mid-September.

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Loans Lending Finance Land 397

Housing Wire

JANUARY 23, 2024

Private equity giant Blackstone is set to acquire Tricon Residential in a deal valued at around $3.5 The company has various land development projects in the pipeline, capable of supporting the construction of nearly 21,000 single-family homes. billion, the company announced last week. per common share.

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Residential Development Land Equity 501

Housing Wire

FEBRUARY 18, 2025

In Australia, reverse mortgages are subject to the National Consumer Credit Protection Act (NCCPA) which comes with borrower protections such as lifetime occupancy and a no negative equity guarantee.

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Banks Commercial Mortgages Industrial 242

Housing Wire

APRIL 12, 2022

This is happening for a variety of reasons, from fallout from the 2008 Great Recession, restrictive local zoning policies and high land costs to labor and supply shortages. To build market-rate housing, project financing is relatively straightforward, typically requiring a mix of private equity and debt.

Finance 418

Finance Development Construction Equity 418

Housing Wire

JANUARY 21, 2022

FHFA, Federal Housing Finance Agency. On the heels of the Federal Housing Finance Agency ’s rejection of Fannie Mae and Freddie Mac ’s Duty to Serve plans, a coalition of housing groups have some bold ideas for how to beef them up. DTS credit for equity investments in some federally subsidized income-restricted rental projects.

Loans 418

Loans Finance Title Development 418

Housing Wire

OCTOBER 20, 2020

He said Freddie Mac was looking at ways of reducing building costs, developing ways to incentivize private investors to build affordable housing, and how to qualify more borrowers for mortgage financing. There are places with land and no jobs, and there are places with jobs and no land,” he said.

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Land Principal Mortgages Equity 508

Housing Wire

AUGUST 29, 2024

Largely nonprofits, mission-based landlords provide affordable housing as a tool for systemic change, including advancing racial equity, reducing economic disparities, and strengthening community resiliency. Rightsizing financing terms would help to ensure that these vital properties don’t crumble under the weight of debt service.

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Land Development Commercial Property Management 433

Housing Wire

AUGUST 2, 2021

More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Finance of America Reverse. Executive Director, CDFI and Chief of Community Finance & Mobility. Westcor Land Title Insurance Company. Ashley Smith.

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Title Lending Finance Technology 418

Housing Wire

AUGUST 3, 2023

Those include material shortages (such as a current lack of electrical transformers and the volatility of wood pricing) as well as shortages of skilled labor , zoning restrictions and available land. How are you going to build millions of homes if you can’t get the financing to develop the lots in the first place?”

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Land Construction Development Finance 370

Housing Wire

SEPTEMBER 8, 2022

A coalition of 21 affordable housing groups on Wednesday said Fannie Mae and Freddie Mac made important improvements to their plans to offer housing financing in underserved markets, but still have a ways to go. The scorecard for rural housing finance was also mixed.

Loans 397

Loans Finance Equity Mortgages 397

Housing Wire

JUNE 14, 2024

Consumer and industry advocacy organizations — including the American Land Title Association (ALTA), National Consumer Law Center (NCLC), National Association of Realtors (NAR) and AARP — are sounding the alarm over a rising trend of elder real estate fraud and financial exploitation in a new jointly created issue brief released on Friday.

Industrial 459

Industrial Title Land Equity 459

Housing Wire

DECEMBER 30, 2022

Tack on higher costs for materials, labor and financing, and it’s clear that there’s little margin for error for investors pursuing a fix-and-flip strategy. About 93% of borrowers in foreclosure have positive equity, giving them the opportunity to execute a soft landing by selling their house before losing it to a foreclosure auction.

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Investor Land Equity Residential 508

Housing Wire

OCTOBER 28, 2022

Speakers: Carrie Gusmus, President, CEO, Aslan Home Lending AJ Barkley, head of Neighborhood and Community, Lending Bank of America Charmaine Brown, Vice President of Diversity, Equity, and Inclusion, Finance of America Companies Courtney Graham, Chief Marketing Officer and Chief People Officer, Princeton Mortgage.

Title 435

Title Lending Finance Technology 435

Housing Wire

APRIL 14, 2022

Woodward quickly landed a job as an LO at American Pacific Mortgage , a California-based lender that had just opened a branch in Fort Wayne. The whole industry is going to struggle with the transition from refi to a purchase market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire.

Mortgages 526

Mortgages Marketing Lending Loans 526

Housing Wire

NOVEMBER 15, 2021

The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances and FHA’s Annual Report to Congress, both released Monday morning.

Mortgages 397

Mortgages Equity Finance Development 397

Housing Wire

APRIL 14, 2023

whites own an astonishing 98% of the land. Addressing the problems One program that can help is UrbanPlan, an initiative by the nonprofit Urban Land Institute that offers educational, experiential programming for high schools, universities and community groups. In rural areas of the U.S., Carey School of Business.

Commercial 397

Commercial Land Development Industrial 397

Propmodo

NOVEMBER 4, 2024

Developers across the board, like NDC, struggle to navigate a landscape where elevated interest rates and years of inflation have made securing financing a daunting task. State housing finance agencies play a key role by awarding credits to developers to fill funding gaps in affordable housing projects.

Finance 57

Finance Closing Development Pre-approval 57

Housing Wire

DECEMBER 26, 2022

As a result, many title firms have found revenue coming from different sources, including stronger than expected commercial revenue and other mortgage products such as home equity lines of credit (HELOCs). This is a top priority for ALTA.”.

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Title Industrial Closing costs Closing 505

Housing Wire

MARCH 11, 2024

What happened There are so many reasons that homeowners may seek out a reverse mortgage: funding retirement , sending kids to college, financing large purchases during retirement and the list goes on. This created a win-win for my parents and is a common reason older homeowners use a reverse mortgage: to leverage their home equity.

Industrial 482

Industrial Mortgages Loans Lending 482

Housing Wire

OCTOBER 16, 2023

Housing trade groups urged Fed Chair Jerome Powell to make two clear statements — that the Fed does not contemplate further rate hikes, and the Fed will not sell off any of its MBS holdings until and unless the housing finance market has stabilized and mortgage-to-Treasury spreads have normalized.

Banks 448

Banks Fixed-rate mortgage Lending Mortgages 448

Housing Wire

JANUARY 9, 2023

“The softer for-sale housing market, particularly for new homes, is expected to allow single-family rental operators to acquire blocks of new homes, finished lots and larger land parcels from homebuilders,” Northmarq’s market report adds. 1, 2022, according to a CoStar News report.

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Marketing Construction Development Investor 545

Realty Biz

FEBRUARY 19, 2024

Buying land represents a pivotal investment in one's future. However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

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Land Due diligence Title search Finance 128

The Close

NOVEMBER 7, 2024

Personal savings: Using your money can be the cheapest way to finance real estate deals. Home equity line of credit (HELOC): If you already own a property with significant equity, you can use a line of credit against that equity to fund your real estate investments. That’s where investing software comes in handy.

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Hard money loan Purchase and sale agreement Investor Due diligence 98