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Fannie Mae expands voucher program for multifamily landlords

Housing Wire

The pilot program incentivizes borrowers of Fannie-backed multifamily loans to accept vouchers as a valid source of income. Fannie said that about 30% of voucher holders are unable to find housing that accepts their vouchers as income.

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Tech Pulse: UWM challenges industry AI fear; Optimal Blue automates refi opportunities

Housing Wire

Optimal Blue introduces automated refi tool As refi activity shows signs of life, Optimal Blue launched a new tool to help loan officers capture refinance opportunities automatically. The tool, Capture for Originators, identifies leads, runs pricing, and preps borrower presentations — cutting hours of manual work.

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A new source of affordable housing inventory: Private seller auctions

Housing Wire

Tony Richards recently purchased four properties in his hometown of Montgomery, Alabama. He bought it from an outside landlord who didnt have the local market knowledge or presence needed for property management. All four of the properties are in underserved neighborhoods as defined by the Federal Housing Finance Agency (FHFA).

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Waltz launches streamlined financing option for international homebuyers

Housing Wire

.” Foreign investors can purchase or refinance property through Waltz for a loan-to-value ratio of up to 70%. Loans are asset based and rely on the cash flow of the property rather than the borrower’s personal income. Buyers can also use Waltz to connect with a property manager or tax adviser.

Finance 440
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How to Buy Multiple Rental Properties With Financing Options

The Close

Stabilize & Season Your Current Rental Property If you plan to finance multiple rental properties, start by stabilizing your current one. Lenders prefer to see fully stabilized properties when you’re looking for home equity loans or lines of credit. Zillow pulls its listing info from both MLS and other sources.

Finance 98
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14 lucrative jobs in real estate with high earning potential

Housing Wire

Brokers, also known as managing brokers, designated brokers or brokers-in-charge, are typically owners or supervisors of real estate brokerages. As many cant afford to pay for a home in full, they need to work with a bank to finance a propertythats where a mortgage loan originator (MLO) comes in.

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Zillow posts strong Q1, touts listing transparency and app traffic

Housing Wire

.” Mortgages and BuyAbility The company’s mortgage revenue rose 32% year over year to $41 million as more customers paired Zillow Home Loans with the companys Premier Agent offering. Zillow reported that 70% of homebuyers using its financing service are also working with a Premier Agent, up from 60% a year earlier.

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