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HECM study examines borrower trends over two decades

Housing Wire

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. Curiously, this response was largely concentrated within a specific time period.

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Spring brings homebuying season and increased risk of wire fraud

Housing Wire

According to the Internet Crime Complaint Center (IC3)’s 2022 Internet Crime Report, business email compromise (BEC) – which includes real estate wire transfer fraud – has grown from $676 million in reported losses in 2017 to $2.7 As home values rise, so do the loss amounts from these scams. billion in reported losses in 2022.

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Reverse mortgage volume drops in August

Housing Wire

billion of issuance in 2017 according to publicly available Ginnie Mae data and private sources compiled by New View Advisors. That’s not to say that the industry should toss aside any vigilance and rely solely on a single metric to develop a perspective on overall industry health, however. All told, 2020 saw $10.6 In the roughly $1.1

Mortgage 313
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Is a Transit-Oriented Development a Good Area for Your Next Flip?

Patch of Land

What is a Transit-Oriented Development? Before we explain why a transit-oriented development might be a smart market for your next flip, let’s define this type of development. What’s the Goal of Transit-Oriented Developments? What’s Behind the Growing Popularity of These Developments? Think of it this way.

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Single-family rental market slammed by headwinds

Housing Wire

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . We estimate that the national median rent fell by 0.8 percentage points, reaching 5.9%

Marketing 396
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7 Places in America That Will Pay You to Move There

Zillow

If you move here, we will pay down your student debt," explains Christy Hopkins, community development director for Kansas' least populated county, Greeley (in which Tribune sits). Median home value: $79,000. Dream of building your own home from the ground up? Median home value: $75,300. Population: 891.

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Ohio Land for Sale: Is the Market Still Ripe for Growth in 2022?

The Robert Weiler Company

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. More housing developments are needed, leaving the door open for developers and investors to fill the gap. A whopping 3,644 homes closed during that busy summer month, 15.6