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Review of MMI Fund’s reverse mortgage book sheds light on evolving HECM

Housing Wire

Approximately 65% of loans endorsed in Fiscal Year 2009 had an MCA of less than or equal to $300,000, and this percentage increased to approximately 72% by Fiscal Year 2012,” the report stated. As the principal limit has been increasing, the percentage of endorsements with an MCA over $417,000 has increased steadily since 2012.”

Mortgage 328
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Blend reaches unicorn status with $75 million Series F raise

Housing Wire

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception.

Investing 485
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FHA gets a budget boost to stem staff shortages. Is it enough?

Housing Wire

The Federal Housing Administration (FHA), within the department of Housing and Urban Development , provides mortgage financing for borrowers the conventional market doesn’t serve, yet it has been understaffed for over a decade. Fannie Mae had 7,400 full-time employees as of Dec.

Finance 347
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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry.

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Appraisers: How to Spend Less Time on Email

Appraisal Today

Only check email twice a day, at designated times. And rates reached a low around 1945 before hitting new lows in 2012. And rates reached a low around 1945 before hitting new lows in 2012. The data illustrating the turn are based on fresh methodology developed by the American Enterprise Institute’s Housing Center.

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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

The House version, HB 1782 , is backed by developer and Realtor® lobbyists, Habitat for Humanity and environmental groups, according to The Seattle Times. in 2019, the amount of vacant office space has grown each quarter to finish 2021 at 11.6% (excluding available sub-lease space), a level not seen in the city since 2012. CONDO NEWS.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Housing starts – the number of units builders would begin if development kept pace for the next 12 months – increased 19% nationally to a seasonally adjusted annual rate of 1.7 An insurance company offered a good example of just how bad it has gotten. Its data show home prices have far outpaced incomes since 2012. million units.