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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. Since March 2020, lenders and servicers have provided borrowers with nearly 1.9 million COVID-19 loss-mitigation actions.

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

Housing Wire

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents.

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Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

Housing Wire

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Combined with thousands of other local community developers like her, McCormick’s efforts are moving the needle when it comes to quality, affordable housing for owner-occupants nationwide.

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Fixer Uppers 101

Lamacchia Realty

What to Consider Before Purchasing a Fixer-Upper Although fixer-uppers are more affordable than purchasing a turnkey home in the perfect neighborhood, the process of buying a fixer-upper and renovating it is more complicated than what you see on television. How Much Time Do They Take to Renovate? Traveling a lot?

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Royden Oaks Houston Neighborhood Maps

Houston Properties

Royden Oaks neighborhood features tall and mature trees that line the roads filled with hedges designed to emanate a classic American neighborhood vibe. Similar to Houston’s most affluent neighborhoods, developers renovated many of Royden Oaks homes and replaced them with newer and larger properties.

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Houston Lofts For Sale

Houston Properties

They are designated as the Historic District in Downtown Houston. Energized and bustling, Downtown Houston has a diverse mix of business, residential development, and entertainment complexes. The heart of Houston has it all From a new baseball stadium to renovated theaters. 2020: #6 Individual Agent, Keller Williams, Worldwide.

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How Biden’s Neighborhood Homes proposal impacts real estate investors

Housing Wire

Since buying her first investment home in early 2020, McCormick said she has purchased or is in the process of purchasing 11 more in the Dayton area — all for under $50,000 and all in need of extensive rehab. And I also want to make a profit, of course.” ?. Identifying Underserved Neighborhoods. Markets with Most Qualifying Inventory.