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.

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.

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.

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.

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.

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: 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

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 302

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 302

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

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.

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

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 254

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

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

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 316

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 297

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

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).

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 311

FHA adds 40-year loan term to COVID-19 arsenal

Housing Wire

The administration said that the new loss mitigation option could be an alternative for borrowers who cannot reduce their principal and interest payments by 25% through FHA’s existing 30-year mortgage modification with a partial claim.

Loans 403

Daily Links: Mayor Vows to Limit Guns in NYC After Supreme Court Ruling

Brownstoner

In the News Does Eric Adams Own This Crown Heights Apartment?

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 273

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

Sales Boomerang and Mortgage Coach merge

Housing Wire

In January, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment.

Sales 329

Freddie Mac unveils offer for up to $2.2B in CRT notes

Housing Wire

per thousand dollars of outstanding principal amount, depending on the series vintage. Freddie Mac has announced a cash tender offer for some $2.2

Why Waiting to Buy a Home Could Cost You a Small Fortune

Keeping Current Matters

Assuming a buyer purchases a $325,000 home this year with a 30-year fixed-rate loan at 3% after making a 10% down payment, their monthly principal and interest payment would be $1,233. That monthly principal and interest payment, after putting down 10%, totals $1,432.

Fannie Mae finalizes first nonperforming loan sale of the year

Housing Wire

The loan pool, dubbed the Community Impact Pool (CIP), includes 120 loans with an unpaid principal balance of $36.3

Loans 319

FHFA proposal for seller servicer requirements is mixed bag

Housing Wire

If a Ginnie Mae borrower defaults, a servicer still has to make full principal and interest payments, until the loan re-performs or is taken out of the pool, whereas GSE servicers are typically obligated to remit only what the borrower paid.

Should I Move or Refinance?

Keeping Current Matters

Example : If a homeowner has a $200,000 fixed-rate mortgage with a 6% interest rate and refinances that loan to a 3% interest rate, their monthly mortgage payment (principal and interest) will go from $1,199 per month to $843 per month – a savings of $356 a month, or $4,272 each year.

Equity 258