Housing Wire

JUNE 29, 2022

According to Freddie, this option will be available starting July 10 and will allow mortgage lenders to submit a borrower’s bank account data that shows a 12-month streak of on-time rent payments to its automated underwriting system. The post Freddie Mac to include on-time rent in underwriting appeared first on HousingWire.

Landlords 410

Landlords Government Mortgage 410

Housing Wire

SEPTEMBER 14, 2023

Adrian Gastelum, a vice president and branch manager at Nova Home Loans, recently had a prospective borrower apply for a Federal Housing Administration (FHA) mortgage. The problem is, a mortgage credit reject (MCR) is kind of like your scarlet letter, to be completely honest,” Gastelum said. That changed on September 11.

Loan Officers 397

Loan Officers Mortgage Finance Clients 397

Housing Wire

JUNE 11, 2021

The limits allow tenants to raise a defense in court if they file a form with their landlord stating that they cannot pay rent, have lost income due to the pandemic, and promise to make partial payments. Not only are they now able to make rent payments, but there is rental assistance on the way.

Landlords 421

Landlords Tenants Government Realtors 421

Inman

FEBRUARY 8, 2024

The rental market is stabilizing with fewer landlords planning rent increases, according to Realtor.com's latest survey. But the rent slowdown won't significantly ease financial burdens for renters who are struggling to save for a down payment or qualify for a mortgage.

Landlords 155

Landlords Marketing Mortgage Investing 155

Housing Wire

APRIL 19, 2021

“When we launched Knox in March 2019, we set out to give everyone, from middle-class homeowners to seasoned landlords, a hands-off, predictable, and lucrative way to build wealth through investment property,” said David Friedman, Knox CEO. Knox has shown people across the U.S.

Landlords 384

Landlords Investing Tenants Construction 384

Housing Wire

NOVEMBER 21, 2023

This groundbreaking state-specific law mandates that landlords who own or operate such properties offer their tenants the option to have their rental payments reported to credit bureaus. Unlike homeowners who build their credit with mortgage payments, renters have been left without this avenue to enhance their credit profiles.

Tenants 441

Tenants Law Landlords Development 441

Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

Technology 466

Technology Landlords Valuation Lending 466

Eppraisal

MARCH 14, 2023

Centers for Disease Control (CDC) issued a moratorium on all evictions by landlords of renters for non-payment. How Did Landlords Fare during the Moratorium? Because of these measures, only seven percent of landlords nationwide missed making their mortgage payments. Heavily in debt for related reasons 4.

Landlords 36

Landlords Tenants Home Value Government 36

Housing Wire

SEPTEMBER 28, 2022

The absence of sufficient credit history reduces a renter’s ability to access housing in higher-opportunity neighborhoods, obtain a mortgage, and attain lower-cost credit, such as auto loans and education financing.”. Renters who miss a payment are automatically unenrolled to preserve their credit score.

Landlords 397

Landlords Tenants Finance Government 397

Housing Wire

DECEMBER 7, 2021

More than five million households failed to make their rent or mortgage payments in October, an increase compared to the same period of 2020, and a concern for mortgage servicers. of homeowners missed their mortgage payment in October, up from 3.2% billion, and missed mortgage payments totaled $83.9 million to 5.43

Landlords 458

Landlords Insurance Government Mortgage 458

Appraisal Buzz

AUGUST 23, 2021

As the cost to lease exceeds average mortgage payments in 30+ metros, some homeowners investigate the potential benefit of becoming a landlord. The post Weighing Risks, Rewards of Renting Out a Home appeared first on theMReport.com. The post Weighing Risks, Rewards of Renting Out a Home appeared first on Appraisal Buzz.

Landlords 195

Landlords Appraisal Mortgage 195

Mashvisor

APRIL 21, 2023

As a landlord, you might be looking for a way to finance your next investment. This guide is about using rental income to qualify for a mortgage. Since the national…

Landlords 69

Landlords Mortgage Finance Investing 69

Housing Wire

APRIL 7, 2021

At least, more complicated than simply paying rent to a landlord every month. In fact, depending on where you live, your monthly rent could be more expensive than your monthly mortgage. 3 underrated mortgage products to consider. While owning a home is rewarding, the process can be a lot of work. Not to mention, expensive.

Landlords 450

Landlords Finance Housing Market Real Estate 450

Housing Wire

SEPTEMBER 20, 2023

The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. In fact, mortgage applications picked up in the week leading up to the Fed meeting, signaling a wave of optimism. However, at Mortgage News Daily , mortgage rates were higher on Tuesday, at 7.30%.

Housing Market 450

Housing Market Mortgage Landlords Marketing 450

Housing Wire

OCTOBER 13, 2022

If we do really see wage growth at the bottom end, landlords will ask for more rent.” – Logan Mohtashami. If we do really see wage growth at the bottom end, landlords will ask for more rent.” This is why some people refer to a fixed mortgage payment as a hedge against inflation. appeared first on HousingWire.

Landlords 450

Landlords Mortgage Marketing Construction 450

Housing Wire

JUNE 13, 2023

Atlanta-based Equity Prime Mortgage (EPM) has decided to focus its investments on the wholesale channel amid the most challenging mortgage market in decades. Meanwhile, with competitive pricing, United Wholesale Mortgage (UWM) reached an estimated 54% market share at the end of 2022. “Wholesale is growing. in 2014. .

Retail 370

Retail Loan Officers Landlords Lending 370

Housing Wire

APRIL 8, 2021

By the time the first week of the month arrives, you’ve sent off that rent payment to your landlord. Unlike renting, where you’re consistently paying out money to a landlord, a purchased home offers the prospect of building wealth since it may appreciate in value over time. Property has the potential to decrease in value, as well.).

Property Taxes 410

Property Taxes Landlords HOA Renovations 410

Housing Wire

DECEMBER 17, 2020

Stimulus checks allowed families that had suddenly lost their jobs to make their rent or mortgage payments. Now, both the CDC ’s eviction moratorium and the foreclosure moratorium for some mortgages are set to expire on New Year’s Day. million homeowners had to seek mortgage forbearance between March and October.

Landlords 525

Landlords Housing Market Mortgage Marketing 525

Appraisal Buzz

DECEMBER 20, 2021

Joint letters issued to mortgage servicers and landlords will provide military families coming out of pandemic-related forbearance plans with increased protections. The post CFPB and DOJ Warn Servicers to Protect Military Borrowers appeared first on DSNews.

Landlords 150

Landlords Appraisal Mortgage 150

Housing Wire

SEPTEMBER 13, 2023

Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy. However, falling rents might also boost rental demand, as some prospective homebuyers are priced out of homeownership by 7%+ mortgage. In the second quarter of 2023, the national vacancy rate was 6.3%, up from 5.6%

Landlords 397

Landlords Insurance Construction Realtors 397

Housing Wire

MAY 6, 2021

Fewer than 5 million households failed to make their rent or mortgage payments in March 2021, an improvement from December 2020 and the lowest number since the onset of the COVID-19 pandemic, according to a first quarter 2021 report released by the Mortgage Bankers Association. million) missed their mortgage payment.

Landlords 473

Landlords Tenants Mortgage Marketing 473

Housing Wire

JULY 14, 2022

billion manufactured home purchase mortgages in 2021, according to HMDA data. HUD offers insurance for manufactured housing mortgages under its Title I program, which is more than 50 years old. But the FHA appears reluctant to reduce borrower fees on FHA financing, one tool in its toolkit numerous mortgage stakeholders have argued for.

Renovations 383

Renovations Finance Insurance Transportation 383

Housing Wire

JANUARY 27, 2023

Rent hike protections Nearly one-third of all rental units nationwide are financed with federally backed mortgages — and the blueprint may help curb some of the steep rent price increases for these properties. The challenge is set to take place this spring and will affect more than 15 million rental units.

Tenants 410

Tenants Landlords Finance Government 410

BiggerPockets

DECEMBER 20, 2023

Understanding the Consumer Price Index (CPI) in real estate is vital if you are a landlord or real estate investor. Additionally, the CPI can affect mortgage rates, making borrowing money cheaper or more expensive. The CPI reflects how housing expenses—rent and utilities—impact inflation and property values.

Real Estate 74

Real Estate Landlords Investors Mortgage 74

BiggerPockets

APRIL 30, 2023

Your mortgage could get more expensive. New mortgage rules are incentivizing those with poor credit while […] Got a high credit score? And no, this episode isn’t releasing on Opposite Day.

Tenants 73

Tenants Law Landlords Mortgage 73

The Robert Weiler Company

JANUARY 7, 2021

However, not every prospective tenant fits the type of tenant the landlord is looking for, such as business standing, financial situation, etc. Lessees don’t always realize that some office space lease terms are negotiable; landlords and lease brokers often want to keep it that way. As such, there is a lot of competition.

Landlords 148

Landlords Tenants Real Estate Law 148

Housing Wire

JUNE 3, 2021

As borrowers impacted by COVID-19 continue to exit mortgage forbearance, now is the time for lenders and servicers to be proactive in their borrower outreach to reduce foreclosure volume. Landlords also can’t charge late fees or penalties for non-payment of rent. How proactive communication can reduce the risk of foreclosure.

Tenants 479

Tenants Landlords Finance Tools 479

Housing Wire

MARCH 1, 2023

These losses – both insured and uninsured – have traditionally been borne by homeowners, renters, landlords, builders, and property & casualty insurance companies. However, as the frequency and severity of natural hazards continues to increase, there is so much more that needs to be considered.

Insurance 384

Insurance Supply Chain Design Government 384

Housing Wire

NOVEMBER 3, 2021

Freddie Mac wants to encourage multifamily landlords to report positive rental payments to the credit bureaus to give renters a better shot at qualifying for a mortgage. Esusu, a credit-building fintech, will deliver the on-time rental payment reports from landlords’ property management software to the credit bureaus.

Landlords 441

Landlords Government Property Management Finance 441

Housing Wire

SEPTEMBER 12, 2023

Fast Company reported in October 2022 that Divvy Homes charged higher rents than other landlords in some of its 19 markets, citing court cases and interviews with renters. The Silicon Valley firm was slow and reticent to make repairs and had increased evictions, according to renters.

Valuation 394

Valuation Landlords Investing Buyers 394

Housing Wire

FEBRUARY 9, 2021

As LA home prices have soared, Sandoval has partnered with her clients to understand how they can qualify for a mortgage loan, even helping some become landlords with accessory dwelling units so they can afford to buy. In addition, she has been named one of NAHREP ’S Top 250 Latino Agents since 2013.

Realtors 228

Realtors Real Estate Real Estate Agent Landlords 228

BiggerPockets

DECEMBER 18, 2022

If it wasn’t, how would media outlets push you to constantly stay informed, glued to the television, watching every new mortgage and inflation update? […]. The housing crash is always looming.

Landlords 55

Landlords Mortgage Marketing 55

Cleveland Appraisal Blog

AUGUST 25, 2022

You may also have to prove that you have enough income to cover the mortgage on all properties that you own. You can use a mortgage calculator to get a better idea of what you can afford based on the purchase amount and down payment. Are You Cut Out to Be a Landlord? Let the Renovations Begin!

Investing 332

Investing Renovations Landlords Real Estate 332

BiggerPockets

JULY 27, 2023

While most landlords hope and pray that mortgage rates will head down […] Need housing market predictions? We’ve got them. Unfortunately, they may not be exactly what you want to hear.

Housing Market 57

Housing Market Landlords Marketing Mortgage 57

BiggerPockets

OCTOBER 1, 2022

A significant challenge for landlords is to find the right affordable insurance coverage for their rental properties. In addition to fulfilling the requirements to obtain a mortgage, landlords also want […].

Insurance 59

Insurance Landlords Real Estate Mortgage 59

Housing Wire

MAY 20, 2022

If you’re in over your head in debt and can’t find your way out, your mortgage company may approve a short sale. This means you sell the home for less than the amount you owe on the mortgage, but the lender accepts it as payment in full. The mortgage company will report your debt paid as agreed. Hire a Real Estate Agent.

Real Estate Agent 410

Real Estate Agent Tenants Real Estate Agents 410

Housing Wire

APRIL 4, 2024

These include race, financing displacement (banks making loans that could result in landlords evicting low-income tenants), financing of fossil fuels and mechanisms to stop branch closures. Kevin Stein, chief of legal and strategy at Rise Economy, said during the same session that the new CRA rules ignore some relevant topics.

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Modernization Law Legal Landlords 305