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HUD affordability plan doesn’t include lowering FHA premiums

Housing Wire

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. In May, more than three dozen independent mortgage banks urged the FHA to cut mortgage insurance premiums.

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Warehouse Space in Columbus, Ohio: 17 Actionable Steps to Find, Lease & Organize Your Next Hub

The Robert Weiler Company

Industrial real estate investors and developers can’t add new properties to the market fast enough. According to a recent report from commercial real estate development association, NAIOP , there is a lot of optimism for the industrial sector, nationally, as supply chain conditions steadily improve. Ask your current landlord.

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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

Decide If You Have the Ability and Funds to Be A Landlord. Being a landlord can be a rewarding and lucrative job, but there are useful (and sometimes necessary) abilities you need. For example, typical annual costs include things like: Insurance. Property taxes. Maintenance costs. Mortgage payments. Ernie Rafailides.

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Ways to Save for a Down Payment

Assurance Financial

Homeowners insurance. Private mortgage insurance, if applicable. On top of carving out a large chunk of your paycheck for rent, you also likely have to pay for utilities, groceries, transportation, insurance and internet — not to mention the costs of treating yourself to luxuries like vacations and going out to eat.

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House votes to increase HUD budget by $12.6B

Housing Wire

House of Representatives voted this week to give the Department of Housing and Urban Development an 18% increase in funding for information technology. The Transportation, Housing and Urban Development appropriations bill , which was lumped in with five other bills, would set aside $73 billion in gross appropriations for the department.