#Fannie Mae

Manufactured homes allowed in Panama City

PANAMA CITY, Fla. (WMBB) – Panama City has an ordinance against putting up a mobile home on any property outside of a mobile home park. But some residents are getting confused by what many think is a mobile home, but is in fact, considered to be manufactured housing. The city’s...
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Harris' non-crisis crisis comms hire

Welcome to POLITICO’s West Wing Playbook, your guide to the people and power centers in the Biden administration. With Allie Bice and Daniel Lippman. Send tips | Subscribe here | Email Alex | Email Tina. For months, KAMALA HARRIS’ allies have insisted her office is not in crisis. So why...
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NorthMarq closes $8.2 million refinance of 130-unit apartment complex in Kentucky

Noah Juran, senior vice president/managing director of NorthMarq’s Cincinnati office, arranged the $8.2 million refinance of Norse Landing. The 130-unit class B- apartment complex is located at 1062 Davjo Drive in Cold Spring, Kentucky. The transaction was structured with a 12-year term on a 30-year amortization schedule. NorthMarq negotiated the...
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Mortgage Forbearance Volume Drops to 18-Month Low

The share of Fannie Mae and Freddie Mac (GSE) loans in forbearance decreased three basis points from 1.47% to 1.44%. Ginnie Mae loans in forbearance increased three basis points from 3.39% to 3.42%, and the forbearance share for portfolio loans and private-label securities (PLS) decreased four basis points from 6.95% to 6.91%. The percentage of loans in forbearance for independent mortgage bank (IMB) servicers decreased one basis point relative to the prior week to 3.24%, and the percentage of loans in forbearance for depository servicers decreased four basis points to 3.06%.
Housing Wire

Forbearance rate finally hits pre-pandemic levels

Servicers’ forbearance portfolio volume dropped last week to a level below 3.00% for the first time in 18 months. The total number of loans in forbearance decreased by four basis points to 2.96% as of Sept. 19, according to the Mortgage Bankers Association (MBA). The most notable decline was in...

What is an energy-efficient mortgage?

An energy-efficient mortgage (EEM) is a loan for purchasing or refinancing a home that meets certain energy-efficiency requirements, or improving a home to make it more energy-efficient. Like other types of mortgages, the home serves as collateral for the loan. An EEM can be a conventional EEM, insured by the...

Wintrust Business Lunch 9/27/21: Oil prices rising, United Airlines fined for tarmac delays, and the majority of college students say they can’t cover expenses with their job

Segment 1: Ilyce Glink, owner of Think Glink Media and Best Money Moves, joins John to talk about the high price of oil, how the Delta variant and the unvaccinated are impacting the economy, mortgage rates rising, home buying slowing down, Fannie Mae extending multifamily protections for renters indefinitely, and a new survey showing that the majority of college students say they can’t cover expenses with their job.
Housing Wire

Fannie Mae official questions purpose of AMCs

A Fannie Mae official Monday questioned the role of appraisal management companies, or “AMCs,” in evaluating houses. “We have 10 times more AMCs per capita than New Zealand and Australia,” said Lyle Radke, director of collateral policy at the powerful government-sponsored enterprise. “Why is that?”. Perhaps AMCs can streamline the...

FHFA Extends COVID-19 Multifamily Forbearance Indefinitely

The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners as needed, subject to the continued tenant protections FHFA has imposed during the pandemic. This is the fourth extension of the programs, which were set to expire...

Affordable Housing Drives The Bronx And Northern Manhattan’s Investment Sales Market

Traditionally, Northern Manhattan and the Bronx have been led by the multifamily asset class. The market for development site sales also primarily focuses on this asset class, with affordable and rent-stabilized housing leading the market. While the Bronx has lately seen a huge resurgence of interest in industrial properties and Northern Manhattan has a growing life sciences industry, affordable multifamily is still the leading bellwether for the investment sales markets in these boroughs.

House hacking: 5 key strategies to be successful

Owning a home is one of the ways the people build wealth over time. However, another popular but often overlooked way of building wealth in real estate is with a strategy known as house hacking. House hacking can be a good way to slowly get into the real estate business...

Fannie Mae: High Prices, Construction Delays, Low Inventory Will Dog Housing Market Into 2022

U.S. home sales to end 2021 slightly higher than the previous year. As U.S. home sales are slightly higher, Fannie Mae expects continuing construction delays and low inventory. According to Blue Ridge Now, the multiple economic effects of the coronavirus pandemic will dampen the market well into next year. The National Association of Home Builders (NAHB) says builder sentiment is continuing the cooling seen since hitting a record peak last November, and that segment is now “stable.”
Housing Wire

Tim Mayopoulos on the limits of GSE innovation

Investing in technology is not the be-all end-all when it comes to efficiency in mortgage origination. Lenders who adopt technology but don’t enforce discipline within their organization won’t see the efficiency savings technology promises. That’s according to Tim Mayopoulos, president of publicly traded Blend, which provides digital tools for some of the biggest mortgage lenders and debuted on the New York Stock Exchange in July at a $4.6 billion valuation.

Where to Invest $1,000 Right Now

Good companies with great prospects, like these three, can generate wealth over time. Always putting money to work in the stock market is a good, long-term investing strategy. Buy-and-hold investing can deliver market-beating returns for investors with longtime horizons. There's more than one way to succeed at investing, but one...

9/27/2021 Housing and Economic Update from Matthew Gardner

This video is the latest in our Monday with Matthew series with Windermere Chief Economist Matthew Gardner. Each month, he analyzes the most up-to-date U.S. housing data to keep you well-informed about what’s going on in the real estate market. Hello there! I’m Windermere Real Estate’s Chief Economist, Matthew Gardner,...

The best way to describe commercial financing in 2021? Resilient

Resilient. That’s how Joseph Platt, senior vice president with the Kansas City, Missouri, office of Grandbridge Real Estate Capital, would describe the commercial financing business today. Yes, this industry has faced challenges because of the COVID-19 pandemic. That’s no surprise. But Platt said that requests for financing have remained steady...

Here’s How We Know KamalaWorld Is in Full Crisis Mode

The following story is brought to you courtesy of Red State. Click the link to visit their page and see more stories. Even with the predictable media fawning we’ve seen over her since Joe Biden picked her as his running mate last summer, Vice President Kamala Harris still cannot escape from some of the less than flattering coverage she’s received in her first nine months in office regarding her disastrous handling of the border crisis, the rampant stories on how she’s difficult to work with and has trouble retaining staff, and her skewed priorities.