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mypanhandle.com

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...
PANAMA CITY, FL
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Housing Wire

Affordable housing vacancy drops, and rents are climbing

The vacancy rate for low-income tax credit-supported affordable housing dropped to 2.5% nationwide in the second quarter of 2021, a decrease of .01% from the first quarter, according to Moody’s Analytics REIS, New York. Since Moody’s Analytics REIS has tracked it, the sector’s vacancy rate has stayed between 2% and...
REAL ESTATE
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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...
STOCKS
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TRENDING TOPICS
khqa.com

Report: Major racial gap seen in home appraisals nationwide

SPRINGFIELD, Ill. (WICS/WRSP) — A new national report from mortgage lender Freddie Mac has found that homes in Black and Latino neighborhoods are far more likely to be undervalued by appraisers than those in white communities. The report examined 12 million home appraisals nationwide from 2015-2020. It found that homes...
SPRINGFIELD, IL
dsnews.com

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%.
PERSONAL FINANCE

Feds Step In So Group Homes Can Get Mortgages

Federal officials are working to ensure that financing doesn’t get in the way of developing new group homes. The U.S. Department of Housing and Urban Development and the Federal Housing Finance Agency say that Freddie Mac is clarifying its policies related to home loans for properties owned by an individual and rented to a group home for people with disabilities.
REAL ESTATE
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...
ECONOMY
nationalmortgagenews.com

Mortgage forbearance fell below 3% for the first time since March 2020

Despite a jump in the government loan sector, the overall weekly forbearance rate fell 4 basis points, returning it to a level not seen since the start of the pandemic, according to the Mortgage Bankers Association. At 2.96%, the overall payment suspension rate was down from 3% a week earlier...
REAL ESTATE

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.
BRONX, NY
roofstock.com

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...
REAL ESTATE
calculatedriskblog.com

Mortgage Rates Increasing

Today, in the Newsletter: Mortgage Rates Increasing. With the ten year yield close to 1.50%, and based on an historical relationship, 30-year rates should currently be around 3.4%. Mortgage News Daily reports that the most prevalent 30 year fixed rate is now at 3.13% for top tier scenarios. So mortgage...
REAL ESTATE
calculatedriskblog.com

Freddie Mac: Mortgage Serious Delinquency Rate decreased in August

Freddie Mac reported that the Single-Family serious delinquency rate in August was 1.62%, down from 1.74% in July. Freddie's rate is down year-over-year from 3.17% in August 2020. Freddie's serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble, and peaked at 3.17% in August 2020 during...
REAL ESTATE
Mother Jones

Wall Street Mortgage Bankers Are Freaking Out About Climate Change

Fight disinformation. Get a daily recap of the facts that matter. Sign up for the free Mother Jones newsletter. This story was originally published by Grist and is reproduced here as part of the Climate Desk collaboration. An unexpected constituency is sounding the alarm on climate change: US mortgage bankers.
ECONOMY
Glendale Star

Realtor reveals recent real estate numbers

Our local real estate market typically cools off going into fall — much more than our weather. And while we are seeing some numbers starting to change slightly like autumn leaves, there is no strong indication that we will see a significant drop anytime soon. The average number of days...
MARICOPA COUNTY, AZ
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