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MBA issues support for real estate finance bills debated by Congress

Housing Wire

“MBA believes that FSOC should be compelled to conduct a deep and thorough analysis, including weighing the cost and benefit of such a designation to the U.S. financial system as a whole — and the likelihood the financial company in question will experience material financial distress as a result of the designation,” MBA said in its letter.

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Homebuyer assistance programs rose to nearly 2,300 in 2023

Housing Wire

Among the nearly 2,300 homebuyer assistance programs available last year, 804 were designed to assist with the purchase of a manufactured home — up 20% from the previous year, according to the report.

Landlords 479
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Why it’s time for the housing industry to get serious about climate risk

Housing Wire

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

Insurance 354
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Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

The White House also pointed out last year’s reduction to the mortgage insurance premium (MIP) for Federal Housing Administration (FHA) mortgages, which save “an estimated 850,000 homebuyers and homeowners an estimated $800 per year.” The White House estimates that this “will raise an additional $3.79 It is also wary of some of the proposals.

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How To Find & Lease Commercial Space for Rent in 2022 [Full Guide]

The Robert Weiler Company

Ultimately, the landlord has the upper hand in the relationship and can change the terms of the agreement due to the short-term nature of the commercial rental space. A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord. Indemnity and Insurance. Taxes and Assessments.

Tenants 144
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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

This should include repairing any structural damage or major systems before you think about design. Are You Cut Out to Be a Landlord? Money Under 30 explains that there are many responsibilities and time obligations that go along with being a landlord. Next, look at your space. Owning rental properties is a huge responsibility.

Investing 332
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House votes to increase HUD budget by $12.6B

Housing Wire

The Mortgage Bankers Association , in a letter to lawmakers ahead of the vote, argued that the bill should designate part of that $16.7 billion toward the housing choice voucher program, which pays rental assistance to landlords. The FHA has made an effort in recent years to update its decades-old single-family IT infrastructure.