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ADU options set to expand in California

Housing Wire

Las Vegas -based housing technology startup BOXABL on Tuesday announced that it has received approval to begin selling a factory-built accessory dwelling unit (ADU) in California , which could provide more options in a state strapped for affordable housing options. But some experts believe that financing options for ADUs need to be expanded.

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Selling a Manufactured Home in a Tough Market

C4D Crew

A manufactured home is also known as a mobile home, depending on the year it was built. Basically, one can move a manufactured home or a mobile home around as they wish from one piece of land without breaking it up. Selling for Cash. Moving the home from the land. Selling through Payments.

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Fannie Mae Selling Guide updates include qualifying income, self-employment history changes

Housing Wire

Fannie Mae on Wednesday released its October 2023 update to its Selling Guide, aiming to reflect changes in the mortgage industry, its surrounding regulatory environment and Fannie Mae policy positions. For self-employment income, the Selling Guide has changed the tenure of qualifying history. “We

Loans 439
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Welcome to Walmart. Here’s your mortgage

Housing Wire

Lenders One Cooperative announced on Monday that it has struck a deal to lease retail space in Walmart stores to sell mortgage products and services. ” Lenders One will be selling purchase, refinance and home equity products at its “store-in-store” branch locations.

Mortgages 457
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Fannie Mae expands use of AOLs in selling guide update

Housing Wire

In an update to its selling guide , Fannie Mae announced Wednesday that it was expanding the use of attorney opinion letters in lieu of title insurance. Fannie Mae first announced that it would accept loans secured with an AOL in lieu of title insurance in limited circumstance in April 2022.

Title 367
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Teraverde CEO Jim Deitch on finding ways to monetize home equity

Housing Wire

The dismal 2024 mortgage market has one very silver lining: $32 trillion in home equity. So, there’s opportunity out there, but you’re not selling it to Freddie and Fannie , at least not today.” You can’t go: Here’s a home equity at prime plus 3. The biggest year of mortgage production , from 2021-2022, generated $4.5

Equity 357
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How will mortgage rates impact seasonal inventory in 2024?

Housing Wire

Never forget most sellers are buyers of homes as well, especially if the economy isn’t in a job loss recession. That increase matched the slope of the inventory increase, and people needed to cut prices to sell their homes. Existing home sales stopped crashing after November of 2022 and this data line has stabilized.

Mortgages 509