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Financing proves an obstacle for ADUs

Housing Wire

The Joe Biden administration broadly identified this financing issue. The problem then, the authors found, is ascertaining favorable financing. Turnover is a huge expense for landlords and property managers across the world. .” The post Financing proves an obstacle for ADUs appeared first on HousingWire.

Finance 375
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To advance mortgage lending, trust must take backseat to truth

Housing Wire

So mortgage lending morphed from a trust-based system to what could be called a “trust, but verify” model, to coin a favorite Russian proverb of Reagan’s. The problem with the “trust, but verify” model, which is still used by many lending institutions today, is that it’s time-consuming and expensive.

Lending 370
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Arrived Homes wants you to be a landlord

Housing Wire

Arrived wants every average Joe and Jane in America to be a landlord. If something exceeded the cash reserve then we would have to go to our lending facility. Arrived made headlines earlier this summer when it announced it had raised $37 million in a combination of seed funding and debt financing.

Landlords 296
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The role of consumer transaction data in increasing homeownership access

Housing Wire

Over the past year, the Federal Housing Finance Agency (FHFA) and government-sponsored entities (GSEs) Fannie Mae and Freddie Mac have committed to exploring innovative ways to expand homeownership access safely and securely. This charge couldn’t come at a better time. Utilizing ATP gives lenders the best of both worlds.

Landlords 423
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Figure and Apollo complete ownership transfer via blockchain

Housing Wire

“With technology impacting all areas of our lives, it is time for participants across the mortgage ecosystem to experience an improved process that simply works better and costs less,” said Daniel Wallace, GM of Figure Lending.

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10 ways for real estate agents to stay compliant with fair housing laws

Housing Wire

When it was passed in 1968, the Fair Housing Act made it illegal to discriminate in rental housing, real estate sales, and financing based on race, color, national origin, religion, sex, familial status, or disability. The Equal Credit Opportunity Act and the Home Mortgage Disclosure Act prohibit discriminatory lending practices.

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Federal agency members voice support for new CRA rules 

Housing Wire

Meanwhile, community-focused trade groups and associations, although feeling that the new rules miss some relevant aspects of fair lending, criticized the judge’s decision. This week in Washington, D.C., In reaction, they are willing to support regulators via an amicus brief if the federal agencies decide to appeal in the Texas case.