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UWM expands DSCR offerings to real estate investors

Housing Wire

Dubbed “Investors Flex,” the non-QM product for real estate investors, offered purchase and refinance loans up to $2 million that could be used to finance up to 20 properties by using each property’s monthly rental income to qualify.

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Investor Insights: How to Thrive in CRE Amid Challenging Market Conditions

Appraisal Buzz

Let me explain — in 2021-2022, many investors purchased properties at high prices, using 2 and 3-year bridge loans. Meeting their mortgage and investor obligations will be difficult for these aggressive operators. Investors should conservatively underwrite how interest rates will affect their investment. Some will make it.

Investors 195
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HUD launches manufactured home community loan program

Housing Wire

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

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NAF subsidiary launches map tool for intel on cash homebuying trends

Housing Wire

The map is designed to give prospective homebuyers more information about whether or not cash purchases are more or less common in a given area, so they can then make a financing decision based on the competitiveness of cash offers, according to Miguel Villegas, director of NAF Cash.

Tools 324
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Public REITs vs. Private REITS

Inman

A Real Estate Investment Trust (REIT) is a company that owns, operates or finances income-generating real estate. These trusts are designed to allow investors to access real estate markets without directly buying, managing, or financing properties.

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Change Lending loses CDFI certification

Housing Wire

The CDFI certification is a designation given by the U.S. Department of Treasury CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing. At least 60% of a lender’s financing must target low- and moderate-income borrowers or customers in underserved communities.

Lending 367
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Fannie Mae, Freddie Mac impose new fee for some securities transactions

Housing Wire

Fannie Mae and Freddie Mac plan to charge a new 50 basis-point fee for certain structured-finance offerings that use co-mingled agency securities as the underlying collateral. . The fee will apply to securities issued through structured-finance offerings known as Supers, and separately, real estate investment conduits (REMICs).

Finance 359