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Miami seeks new debt package to finance affordable housing: Bloomberg

Housing Wire

Mayor Daniella Levine Cava will propose a new property tax-backed debt package later this year that would raise $2.5 Levine Cava aims to prioritize projects that enhance urban density while also tapping into county land for “massive property development,” she told Bloomberg. billion to cope with the local housing crisis.

Finance 450
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Michigan attorney general reissues reverse mortgage consumer alert

Housing Wire

As long as you retain ownership of the home and pay the property taxes, the loan will not become due.” Department of Housing and Urban Development (HUD)-approved counseling prior to closing the loan. “It can be used to make home repairs, pay for medical expenses, or to supplement retirement income.

Mortgage 421
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Real estate on the ballot: Here’s what passed at the state level

Housing Wire

Several state-level real estate initiatives and urban development policies were voted on in the Nov. 3 general election, including issues involving tax credits for veterans, widows and long-time homeowners. . The passing of Proposition 19 in California overhauls Proposition 13, which slashed property taxes by almost 60% in 1978.

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MINNEAPOLIS MULTI-FAMILY TRENDS – IMPACTS OF 2020

Simonson Real Estate

Simonson Appraisals had a unique opportunity to do a deep dive in 2020 to develop an understanding of the impact of multiple factors affecting the Minneapolis apartment market. We provided additional services six months later in October 2020. Note this data is from 3 rd Quarter 2020.

Landlords 117
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Rocket Community Fund founder on affordable housing

Housing Wire

Last year, Laura Grannemann’s dedication to providing Americans with access to safe and affordable housing earned her a spot as one of HousingWire’s 2020 Women of Influence. This will be the linchpin in ending systemic property tax foreclosures in Detroit. HW: You have certainly found a clear path with your career in housing.

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Mr. Cooper exits reverse servicing space with sale to MAM

Housing Wire

The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing. Terms of the deal were not disclosed, but statements from Mr. Cooper company leadership detailed that the transaction will not have a significant impact on its second quarter 2021 results.

Mortgage 397
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When borrowers ‘ghost’ their servicers

Housing Wire

One reason homeowners have not responded to the company was the foreclosure moratorium that went into effect in March 2020. million homeowners became delinquent and entered forbearance between March 2020 and November 2021, the end of the fiscal year. For example, with Federal Housing Administration ( FHA ) loans, 1.5

Law 370