Housing Wire

MAY 19, 2023

Residents in the state of Rhode Island could soon have an easier time constructing accessory dwelling units (ADUs) on their properties, as a bill prioritized by the state’s House Speaker Rep. Jay Inslee (D) signed a series of bills this month which included an easing of ADU permitting and construction.

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Construction Insurance Development Design 285

Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. And they say, “To hell with it, we’re just going to get rid it [the property],’” George added.

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Tenants Finance Construction Government 467

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. Reducing government-insured and guaranteed mortgage loan fees.

Insurance 366

Insurance Construction Government Lending 366

Housing Wire

MAY 31, 2023

Last week we talked about the cost of flood insurance going up by over 200% for some homeowners in the Southeast as both the federal government and private insurers determine how to price the soaring cost of climate risk, or abandon insuring them altogether. What does this all mean for Californians?

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Housing Wire

MARCH 20, 2024

For example, here in Clark County, nearly 1,000 brand-new affordable units for seniors are under construction today as a result — 8,000 homes total for families, seniors and veterans. […] But we have a lot more to do.” million new housing units are under construction nationwide right now because of it. A record 1.7

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Realtors Insurance Construction Landlords 395

Housing Wire

OCTOBER 12, 2023

Indices that increased in September were rent, owners’ equivalent rent, lodging away from home, motor vehicle insurance, recreation, personal care and new vehicles. However, it’s still well above the Fed’s 2% target. Indices that decreased over the month were used cars and trucks and apparel.

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Housing Wire

DECEMBER 1, 2021

years in prison — the maximum the federal government said it would seek — as well as three years of supervised release. billion for the government-sponsored enterprise. McCord used escrow accounts, meant to pay homeowners’ taxes and insurance premiums, to cover his company’s operating expenses.

Mortgage 516

Mortgage Insurance Lending Government 516

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Housing Wire

MARCH 11, 2024

Having worked at every level of government, including as a mayor, then as a congressional staffer, a member of Congress, and now as the 18th Secretary of [HUD] I have worked tirelessly to ensure that America lives up to its promise of liberty and justice for all.”

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Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. Yet help might be on the way.

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Business Finance Buyers Lending 394

Housing Wire

JUNE 4, 2021

According to the government’s statistics, job gains were again concentrated in the service industry, which showed an increase of 489,000 jobs in May. The overall construction sector actually lost 20,000 jobs in May, though it was mostly concentrated among nonresidential specialty trade contractors. According to the U.S

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Housing Wire

SEPTEMBER 14, 2023

Couple that with rising costs of home insurance and the general price inflation, and there is a massive housing affordability problem facing the majority of the country. For local governments, ADUs can increase the number of tenants in areas where high-rise dwellings are not a desirable option.

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Tenants Government Law Buyers 355

Housing Wire

JUNE 2, 2023

Job gains occurred in professional and business services, government, health care, construction, transportation and warehousing, and social assistance. Here is the breakdown of the jobs created this month, another big month for the government, which typically doesn’t continue at this pace. percentage point to 3.7 From the St.

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Marketing Transportation Construction Government 372

Appraisal Buzz

SEPTEMBER 26, 2022

Governments have begun to address the housing issue by upzoning single-family homes. Building entire neighbors can encourage large-scale construction. Immigration policies can impact construction because the industry relies on them for labor. million migrant workers in construction. Try Upzoning.

Construction 195

Construction Supply Chain Buyers Retail 195

PennyMac

FEBRUARY 12, 2024

One of those documents likely included an agreement to maintain continuous homeowners insurance coverage. If your insurance lapses or gets canceled, your lender may step in and obtain lender-placed insurance (LPI) — also known as forced-placed insurance — to safeguard the property. What Is Lender-Placed Insurance?

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Housing Wire

MARCH 31, 2021

Specifically, the plan calls for the construction and rehabilitation of over 500,000 homes in low- and middle-income areas. Biden is also calling on Congress to eliminate exclusionary zoning laws, which he says inflates housing and construction costs – an issue that has crippled homebuilders across the country for more than a year.

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Transportation Construction Investing Law 545

Housing Wire

DECEMBER 28, 2021

In fact, Paradise’s housing market, though constrained by unresolved wildfire litigation and issues like proper home insurance, even has the high-demand, low inventory problems of most other U.S. Local agents are slowly seeing new construction listings pop up. So, it’s coming along, but it’s a slow process.”.

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Insurance Realty Agents Construction 305

Housing Wire

MAY 13, 2024

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset.

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Housing Wire

JANUARY 12, 2022

In fact, FHFA’s new fee structure for government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac is expected to largely offset the effects of other recent policy changes that were projected to be a drag on the secondary market in 2022, according to Dashiell Robinson, president of Mill Valley, California-based Redwood Trust.

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Marketing Government Construction Mortgage 386

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” Ginnie Mae backs bonds issued against securitized loan pools insured at the loan level through government agencies such as the FHA and VA.

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Marketing Government Mortgage Sellers 404

Housing Wire

JUNE 21, 2022

Yes, there are some government programs that provide construction components on permanent loans, but they are not ideal for inexperienced home buyers. FHA loans are insured by the Federal Housing Administration and have less stringent down payment and credit requirements. There’s an even more subtle consideration.

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Investors Renovations Inspection Government 387

Housing Wire

JUNE 23, 2021

Allowing for more manufactured housing and better incorporation of innovative construction approaches such as 3-D printing technology and panelized, and container construction can help cut the cost of construction. HW: What solutions does Radian offer with these goals in mind?

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Housing Market Marketing Construction Insurance 377

Assurance Financial

SEPTEMBER 28, 2021

Buying new construction is slightly different from buying an existing home in another way. The rules for loans and financing for new home construction aren’t exactly the same as they are for buying homes that already stand. FAQs About Home Construction Loans. Curious about the process of getting a construction loan?

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Construction Finance Insurance Government 36

Appraisal Buzz

JUNE 20, 2022

The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern. It might be time to consult your attorney or insurance provider for some advice about time periods for records retention.

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Appraisal Modernization Property Appraisal Real Property 417

Housing Wire

JULY 7, 2023

Louis Fed : Initial claims for unemployment insurance benefits increased by 12,000 in the week ended July 1, to 248,000. Employment continued to trend up in government, health care, social assistance, and construction. Jobless claims have been rising from the recent lows, but haven’t broken yet. From the St. percent, the U.S.

Mortgage 377

Mortgage Government Marketing Insurance 377

Housing Wire

OCTOBER 29, 2021

In most markets in America today, homebuilders can’t profitably construct starter homes that are affordable for most first-time homebuyers. Mark Jones: FHA needs to slash its Mortgage Insurance Premium (MIP) and end life-of-loan insurance coverage. The other theme is housing affordability.

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Loan Officers Insurance Business Finance 284

Housing Wire

NOVEMBER 6, 2020

Government employment, however, fell by 216,000 – a stat that Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association , chocks up to the conclusion of the decennial U.S. But despite residential construction employment climbing back to only 0.8%

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Construction Housing Market Retail Business 337

Housing Wire

APRIL 24, 2023

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. Between the launch of FHA in 1934 and when President Lyndon B.

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Housing Wire

MAY 8, 2023

When including the approximately 900,000 single family homes constructed by new homebuilders during the year, according to data from the Census and U.S. A nationwide foreclosure moratorium on government-backed mortgages took effect in April 2020 and lasted through August of 2021. In 2019 the number was 200,000. in April. “[We]

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Inventory Renovations Supply Chain Buyers 370

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. So, we’re going after more government and conventional loans,” Busch said. (The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.)

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Insurance Mortgage Clients Lending 315

Housing Wire

DECEMBER 4, 2020

Government employment, however, fell by 86,000 – a stat that Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association , chocks up to the loss of jobs tied to the 2020 U.S. census count. . million jobs, boost GDP by 3.5% and increase total personal income by more than $440 billion.

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Transportation Retail Construction Housing Market 208

Empire Appraisal Group

FEBRUARY 9, 2023

In response, some local governments are seeking workarounds to help homeowners avoid wholesale reconstruction, but because the regulations are designed to prevent future flooding damage, federal officials seem unlikely to relax the rules. He said the building industry had asked for a 40% multiplier to mirror the rise in construction costs.

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Insurance Law Supply Chain Government 78

Movoto

FEBRUARY 23, 2024

Conventional loans stand apart from government-backed home loan options, relying on private lenders like banks, online lenders, and credit unions. However, keep in mind that FHA loans require upfront and annual mortgage insurance premiums , even with a 20% down payment. Loan limits are based on individual circumstances (e.g.,

Construction 28

Construction Insurance Lending Buyers 28

Lamacchia Realty

MAY 19, 2023

Many residents have been affected by this crisis already and are working to gain support from their community and local government. These batches were used in thousands of foundations for new construction homes. To add insult to injury, insurance doesn’t cover it.

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Sellers Buyers Government Insurance 62

Appraisal Today

FEBRUARY 9, 2024

An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. Common fears are that their insurer will increase their premium or decline to renew their policy.

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Appraisal Contracts Insurance Construction 80

Assurance Financial

JULY 27, 2021

Most mortgages require you to make monthly payments of principal, interest and other fees, such as private mortgage insurance (PMI). Two broad categories of mortgages exist, private loans and government-backed loans. It’s not guaranteed or backed by the government. When you have a mortgage, the home acts as collateral.

Mortgage 69

Mortgage Government Construction Insurance 69

Raleigh Realty

APRIL 24, 2022

If you aren’t finding what you need, you may want to consider new construction. There are government-funded housing loans under the Federal Housing Administration that are available to a wider population. However, every large investment, including your new home, should be insured.

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Real Estate Agent Real Estate Insurance Government 78