Housing Wire

APRIL 9, 2021

The Urban Institute ‘s Housing Finance Policy Center recently posited that down payment assistance for first-generation homebuyers could help turn the tide of systemic racism by reducing intergenerational wealth disparities. Researchers said federal, state, and local housing policies have “systematically excluded Black families and other families of color from homeownership,” with one UI study projecting the Black-white homeownership gap – at more than 30 percentage point

Finance 441

Finance Housing Market Buyers Mortgage 441

McKissock

APRIL 9, 2021

The COVID-19 pandemic has significantly influenced the real estate market over the past year. Last month (March 2021) we asked appraisers across the U.S., “What type of appraisal has seen the MOST growth in demand in your local area due to COVID-19?” About two-thirds of survey respondents reported that residential appraisals have experienced the biggest pandemic-related boom.

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Appraisal Real Estate Renovations Inspection 96

Housing Wire

APRIL 9, 2021

Better.com has received a $500 million investment from SoftBank that values the digital mortgage lender at about $6 billion, CNBC reports. Although the news was initially reported by The Wall Street Journal , CNBC confirmed the news later with sources familiar with the matter. Better’s last funding round was in November 2020 where it was valued at $4 billion, Pitchbook data shows.

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Investing Investors Mortgage Marketing 419

BiggerPockets

APRIL 9, 2021

It’s not uncommon that we make excuses for ourselves, especially when it comes to our businesses. A contractor may have let us down, or a tenant took advantage of a […].

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Business Tenants Development Real Estate 70

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. But don’t confuse its new program with iBuying – they’re looking to solve the sell-before-you-buy dilemma in a different manner. “We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) ,

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Brokerage Real Estate Clients Insurance 410

BiggerPockets

APRIL 9, 2021

Today we talk to Sammie, a physician assistant out of the San Francisco Bay Area. Sammie makes a great income, around $140,000 a year, but is strapped with a very […].

Finance 70

Finance 70

Dart Appraisal

APRIL 9, 2021

DART APPRAISAL DISCUSSES PROPERTIES WITH. HIGHEST & BEST USE SCENARIOS. Dart Appraisal often receives appraisal orders for properties located within transitioning markets, where commercial development is sprawling into residential areas. Whether the subject property is land or an existing residential structure, the appraisal concept of HBU determination becomes crucial in this type of valuation.

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Valuation Legal Clients Appraisal 68

Housing Wire

APRIL 9, 2021

Over the last several years, non-bank mortgage originators have established a much larger market share. Additionally, non-bank servicers have more than doubled their ownership of servicing rights in the last 10 years. This gives non-bank lenders and servicers significantly greater access to more consumers and provides an opportunity for student lending to make an impact.

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Lending Finance Development Mortgage 391

BiggerPockets

APRIL 9, 2021

Before you start searching the couch cushions for spare change, take a look at some of the financial tax benefits for first-time homebuyers.

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Business Investing Real Estate 69

Housing Wire

APRIL 9, 2021

In Lender Letters issued on Thursday, Fannie Mae and Freddie Mac confirmed that loans purchased by the GSEs with application dates on and after July 1, 2021, must meet the standards of the Consumer Financial Protection Bureau’s Revised Qualified Mortgage Rule. In the letters, the two government sponsored enterprises state that they will follow the directive laid out in their amended Preferred Stock Purchase Agreements with the Treasury Department, which forbid Fannie and Freddie from buying QM l

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Government Mortgage Lending 332

Housing Wire

APRIL 9, 2021

One of Mighty Buildings 3D-printed ADUs. Photo credit: Mighty Buildings. Aging parents. College students returning to the fold. Millennials seeking affordable housing in high-priced markets. People with disabilities who can live on their own but need a little family support. All of these populations comprise the target market for accessory dwelling units (ADUs), commonly referred to as granny flats, in-law suites, casitas or guest houses – self-contained living units that usually have their own

Business 410

Business Law Construction Marketing 410