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Home makeover: Design trends for your house in 2021

Housing Wire

Other design trends for this upcoming year are the minimalist style and the use of a variety of colors. If you want your kitchen to look up to date in 2021, you have to do some home remodeling to develop creatively handcrafted ceramic tiling with uniform colorful backsplashes. Four renovations to consider before selling your house.

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White House announces new housing initiatives to boost homeownership

Housing Wire

The White House on Monday announced a series of new initiatives designed to boost U.S. New initiatives include allowing homebuyers to leverage income from accessory dwelling units (ADUs), expanding mortgage lending for U.S. HUD will also continue to work on updates for its 203(k) Rehabilitation Mortgage Insurance Program.

Design 450
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Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

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Rhode Island historian uses a reverse mortgage as an estate planning tool

Housing Wire

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

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FHA institutes new payment supplement partial claim

Housing Wire

Department of Housing and Urban Development (HUD) on Wednesday issued a mortgagee letter that implements the Federal Housing Administration ’s (FHA) payment supplement partial claim. During this period, the mortgage will not be modified, facilitating the sale to Ginnie Mae. million COVID-19 loss-mitigation actions.

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Reverse mortgage originator: real estate CE helps close more purchase loans

Housing Wire

When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. You are the reverse mortgage department,” he said. The partner smiled. “

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Tapping home equity in retirement has advantages and pitfalls: Harvard researcher

Housing Wire

Published on the heels of JCHS’ “ Housing America’s Older Adults 2023 ” report from December, the growing number of mortgage products available to a wider swath of American seniors could make a difference for those aiming to age in place. Reverse mortgage companies have also invested in their own home modification programs.