Second homes and the principal residence tax exemption

REM Online

The original post can be found at the following URL: Second homes and the principal residence tax exemption. The original post can be found at the following URL: Second homes and the principal residence tax exemption.

Compass Appoints Dawanna Williams, Founder and Managing Principal of Dabar Development Partners, to Board of Directors

Realty Biz

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. “We’re The post Compass Appoints Dawanna Williams, Founder and Managing Principal of Dabar Development Partners, to Board of Directors appeared first on RealtyBizNews: Real Estate Marketing & Beyond.

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New Development Spotlight: Ordino Resorts Villas Residential in the Principality of Andorra

Sotheby's International Real Estate

Ordino, The Principality of Andorra | Narcís Socías Tomàs, Andorra Sotheby’s International Realty . Continue reading New Development Spotlight: Ordino Resorts Villas Residential in the Principality of Andorra at Sotheby´s International Realty | Blog.

Freddie Mac CRT Program Protected $418B in Unpaid Principal Balance of Mortgages

RIS Media

billion unpaid principal balance of mortgages. The post Freddie Mac CRT Program Protected $418B in Unpaid Principal Balance of Mortgages appeared first on RISMedia. Freddie Mac’s Credit Risk Transfer (CRT) program—which transfers credit risk away from U.S.

Global Getaways: Luxury Rental Market Spotlight On The Principality of Andorra

Sotheby's International Real Estate

The Principality of Andorra can be found on the Iberian Peninsula, bordered by France and Spain. Continue reading Global Getaways: Luxury Rental Market Spotlight On The Principality of Andorra at Sotheby´s International Realty | Blog.

Daily Links: Teachers, Principals Required to Get Vaccinated by September 27 Under New Mandate

Brownstoner

Principal and Multiple Sales Career Opportunities available at MetaProp

GeekEstate

Two of members of the GEM , Aaron Block and Elie Finegold at MetaProp, are looking to hire a Venture Capital Principal for the firm, a Senior Family Office Salesperson, and a Senior Institutional Investor Salesperson.

FHFA Director Releases Statement at Financial Stability Oversight Council Principals Meeting

RIS Media

Federal Housing Finance Agency (FHFA) Director Mark Calabria issued a statement at the Financial Stability Oversight Council Principals meeting. In response, we instituted a four-month limit on servicers’ obligations to advance principal and interest payments on loans in forbearance.

Daily Links: Principals Say Public Schools May Not Be Able to Social Distance Due to Overcrowding

Brownstoner

Mark’s Comics Reopens in Industry City [BP] Some Public School Buildings May Not Be Able… Read More > The post Daily Links: Principals Say Public Schools May Not Be Able to Social Distance Due to Overcrowding appeared first on Brownstoner. In the News The New Skaters of Brooklyn and Beyond [NYT] When Home Became the Office, They Needed More Space in Sunset Park [NYT] Actress Zendaya Revealed as Buyer of Quay Tower Unit in December [NYP] Comic Book Mainstay St.

Daily Links: NYC School Principals Ask State to Take Over Amid Botched Reopening

Brownstoner

Crye-Leike Principal Broker Lorie Layman Named Vice Chair of National Medium Board Forum Committee

RIS Media

Principal Broker Lorie Layman of Crye-Leike Real Estate Services was named vice chair of the National Association of REALTORS® (NAR) 2021 Medium Board Forum Committee. The post Crye-Leike Principal Broker Lorie Layman Named Vice Chair of National Medium Board Forum Committee appeared first on RISMedia. More than 100 committees determine NAR’s policy decisions and annual direction, providing a transparent and highly efficient avenue through which America’s 1.4

Stucco and Vinyl were the Most Common Siding Materials on New Homes in 2021

Eyes on Housing

According to the annual data from the Census Bureau’s Survey of Construction (SOC), stucco was the most common principal siding material on new single-family homes started in 2021 (28 percent), followed by vinyl siding (24 percent), fiber cement siding (such as Hardiplank or Hardiboard (23 percent) and, brick or brick veneer (19 percent).

PNC Bank breached COVID-19 payment deferral agreement: suit

Housing Wire

PNC Bank allegedly breached Fannie Mae ’s COVID-19 payment deferral agreement by continuing to charge homeowners who opted for the home retention option for past-due monthly principal and interest payments.

Banks 329

Homeowner Wealth Increases Through Growing Equity This Year

Keeping Current Matters

In doing so, the principal payments behave like an automatic savings account. The principal payment is not money going out; it is money staying in.”.

Equity 265

Fannie Mae unveils $1.49 billion reperforming loan sale

Housing Wire

The offering is comprised of 7,600 mortgages with total unpaid principal balance of $1.49 million in unpaid principal balance; pool 2 is at $514.5 Fannie Mae is marketing its 25th sale of reperforming loans since its first offering six years ago and its second sale so far in 2022.

Loans 312

Tracking the Geography of Home Building: Housing Affordability Metrics

Eyes on Housing

The principal findings of this new classification. Housing affordability has gained increased attention in recent quarters due growing home prices and rents.

Fannie Mae chalks up another Credit Insurance Risk Transfer deal 

Housing Wire

The transaction, CIRT 2022-5 involved a covered loan pool of 67,700 single-family mortgages with a total unpaid principal balance of about $21 billion. C IRT 2022-4 provided insurance coverage on a pool of 76,600 single-family mortgage loans with an outstanding principal balance of $23.1

Nations Direct Mortgage appoints new national sales director

Housing Wire

Prior to joining Nations Direct, O’Brien held leadership positions at LoanDepot , was Northeast regional sales manager at Fifth Third Bank; principal at J.H.

Sales 371

Fannie Mae executes fourth CIRT deal of 2022

Housing Wire

The transaction, CIRT 2022-4, involved a pool of 76,600 single-family mortgage loans with an outstanding principal balance of $23.1 The covered loan pool for CIRT 2022-2 consists of some 87,400 single-family mortgage loans with an outstanding unpaid principal balance of $26.5

What is PITI? Mortgage payments explained

The Mortgage Report

PITI stands for Principal, Interest, Taxes, and Insurance: the 4 parts of your monthly mortgage payment. Find out why your PITI payment matters. About Mortgages Buying a home Escrow Hazard Insurance Homeowners Insurance Mortgage Payment PITI Real Estate Taxes

Freddie Mac launches 9th STACR series offering in 2022

Housing Wire

This agency’s most recent credit risk transfer (CRT) offering, STACR 2022-DNA6, involves a $1.165 billion note backed by a reference loan pool of 112,865 residential mortgages with an outstanding principal balance of $35.6

Fannie Mae prices ninth CAS note offering of 2022

Housing Wire

The transaction, CAS 2022-RO9, involves a reference pool of 96,000 single-family mortgages with an outstanding principal balance of $29.3

Fannie Mae unveils $997M reperforming loan offering 

Housing Wire

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5

Loans 329

Changes ahead for Ginnie Mae and FHA’s manufactured housing program

Housing Wire

The manufactured home must be a principal residence. Currently, manufactured housing pools must have an original principal balance of $1 million, made up of at least eight loans.

Title 329

Freddie Mac’s CRT program posts record performance 

Housing Wire

Investors receive principal and interest payments on the STACR notes they purchase, but if credit losses exceed a predefined threshold per the security issued, then investors are responsible for absorbing the losses exceeding that mark.

Fannie Mae’s sales of reperforming loans are on the rise 

Housing Wire

Including the recent October offering, Fannie Mae year to date has put on the market some 100,000 reperforming loans across five offerings with an aggregate unpaid principal balance of $14.5

Loans 363

FHFA: Fannie & Freddie Credit Risk Transfers “untested”

Housing Wire

By the end of 2020, Freddie Mac’s overall proportion of risk transfer to unpaid principal balance had surpassed December 2019 levels. The unpaid principal balance of CRT transactions’ underlying mortgages was $1.7

Fannie Mae cues up a $1.3B reperforming loan sale 

Housing Wire

The current deal is composed of more than 8,000 mortgages with an aggregate unpaid principal balance of $1.3 million in unpaid principal balance; pool 2 is at $622.6 Fannie Mae this week unveiled its 24th sale of reperforming loans since its first offering in 2016.

Loans 311

How the PLS market is making money on delinquent loans 

Housing Wire

Lakeview Trust 2022-EBO 2 involves a pool of 2,063 FHA-backed loans with an unpaid principal balance (UPB) of $405.2 Key to EBO offerings is the fact that the FHA guarantees 100% of the principal balance on the loans it insures.

Loans 344

Rising rates, tax questions driving MSR sales surge

Housing Wire

The MSR offering involves a loan pool of 4,201 Fannie Mae loans with an unpaid principal balance of $1.15 billion and 3,661 Freddie Mac loans with a total unpaid principal balance of slightly more than $1 billion.

Sales 329

Banks report rise in mortgage delinquencies

Housing Wire

of the loans modified included a principal deferral, the OCC said. trillion in unpaid principal balance, the report said.

Banks 329

Most Common Sidings On New Homes are Stucco and Vinyl in 2020

Eyes on Housing

According to the data from the Census Bureau’s Survey of Construction (SOC), stucco was the most common principal siding material on new single-family homes started in 2020 (28 percent), followed by Vinyl siding (26 percent), fiber cement siding (such as Hardiplank or Hardiboard (21 percent), brick or brick veneer (19 percent).

Freddie Mac unveils 4th CRT offering of the year

Housing Wire

billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 billion note offering issued against a reference loan pool of 190,774 residential mortgages with an outstanding principal balance of $33.6

Fannie Mae picks winner of first nonperforming-loan sale of 2022

Housing Wire

Fannie Mae has chosen the winning bidder for its inaugural nonperforming loan sale of 2022, a deal involving 3,223 loans with an unpaid principal balance of $477.2

Fannie Mae picks winners of 4th RPL sale of 2022

Housing Wire

In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan.”.

Sales 344