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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

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.

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Opinion: 5 policy changes that can improve housing affordability

Housing Wire

Launch a government-funded affordable housing awareness campaign Home equity is the primary source of wealth for most Americans. Elected officials establish zoning and land use policies, and if those policies are going to become less restrictive, homeowners are going to have to embrace the idea of increasing the amount of affordable housing.

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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

If you land the house but require a contract extension to push back your closing date, either because your financials aren’t quite squared away or you had a personal or work-related issue arise, Collinge says there’s one especially important thing homebuyers need to know. even if it’s just a cosmetic repair. Costs of requesting an extension.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Loans with less than 20% down often require buyers to pay private mortgage insurance until they reach a certain equity ratio. One example is someone using a private road to access their own land.