Archive for 203(k)

Government Seeks Solutions to Foreclosure Glut

August 10, 2011 No Comments

Have a bright idea about how the government can best liquidate the current huge inventory of owned real estate (REO) currently held by FHA, Fannie Mae and Freddie Mac?  Here is your chance to be heard.  The Federal Housing Finance Agency (FHF…

Tags: 203(k), affordable housing, Bulldoze, Fannie Mae, Freddie Mac, Rent Inflation, rental property, reo

Private Capital at Work in Affordable Rental Housing

June 27, 2011 No Comments

While they aren’t a new concept, the second issue of the HUD publication Evidence Matters highlights the growing importance of multibank efforts in financing affordable housing developments.  This “consortia” of private banks share the risk, reduc…

Tags: 203(k), community reinvestment act, Consortia, CRA, leading indicator, LIHTC, Low Income Housing Tax Credit, NOAH, remodeling, rental housing

Affordable Housing Units Needed for Low Income Renters

May 2, 2011 No Comments

Almost every American is a renter at some point in his life but today both economic conditions and demographic forces are increasing rental demand, reversing trends that have prevailed from the mid-1990s. Harvard’s Joint Center on Housing Studies has …

Tags: 203(k), leading indicator, remodeling, rental housing

Home Remodeling a Forward Indicator of Housing Bottom?

May 2, 2011 No Comments

Builders who specialize in home remodeling are seeing a better market than they have in years according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) released on Friday.  The index rose to 46.5 in the first qua…

Tags: 203(k), leading indicator, remodeling, rental housing

Investors, First-Time Buyers Growing Leary of Distressed Market

The latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, released on Monday, has a pair of findings that should be distressing to...

CBO Evaluates Potential Costs of a Large-Scale Refinancing Program

The non-partisan Congressional Budget Office (CBO) just released a working paper entitled An Evaluation of Large-Scale Mortgage Refinancing Programs in which it...

Government Seeks Solutions to Foreclosure Glut

Have a bright idea about how the government can best liquidate the current huge inventory of owned real estate (REO) currently...

Loan Demand Up as Mortgage Rates Fall

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 29, 2011.  Excerpts...

FHA’s Mortgage Review Board Sanctions 240 Lenders

The Federal Housing Administration's (FHA's) Mortgagee Review Board (MRB) has posted the results of formal actions taken against 240 lenders for...

Foreclosure Activity Drops in First Half of Year

Almost 85 percent of large cities showed a decrease in foreclosure activity during the first six months of 2011 according to...

Loan Demand: Refi Index Near 2011 Highs

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 22, 2011.  Last...

Foreclosuregate: Banks Seek Immunity from Civil Lawsuits

I found the timing of this news to be extra interesting. WHY? Because the Consumer Financial Protection Bureau goes...

Foreclosure Reality Distorted by Processing Delays

RealtyTrack has reported a generally downward trend in foreclosure filings since last fall, but the monthly variations tended to mask the...

Foreclosure Reality Distorted by Processing Delays

RealtyTrack has reported a generally downward trend in foreclosure filings since last fall, but the monthly variations tended to mask the...