[facebook] [retweet] WASHINGTON–U.S. financial regulators are poised to finish long-delayed mortgage market standards as soon as next week, according to people familiar with the matter, adopting a relaxed set of rules designed to ensure credit is broadly available. The regulators, in a victory for real estate and mortgage industry groups, are expected to finalize a…
[facebook] [retweet] Fannie Mae recently released a report revising the waiting periods for distressed borrowers with a derogatory credit event such as a foreclosure, bankruptcy, short sale, or deed-in-lieu of foreclosure on their credit history to obtain a new loan. For borrowers with a short sale or deed-in-lieu of foreclosure on their record, Fannie Mae’s…
[facebook] [retweet] Check out the above video for my answer to J. Paul’s question, “What’s the difference between transactional funding and hard money lending?” They are completely different forms of financing a property, and so it’s important to know the difference between the two, and which deals would require which type…
[facebook][retweet] With the national housing market showing signs of improved strength and stability, and inventory levels on the rise, sellers no longer have the advantage that they regained in 2012 after the Great Recession’s prolonged buyers-market. With buyers and sellers on a more even playing field, investors who renovate homes to resell need a competitive…
[facebook] [retweet] Improvements in the labor market in 2014 have not translated to rapid housing market recovery this year, according to the Fannie Mae August 2014 National Housing Survey. Instead, data in the survey indicated that recovery for the housing market will be slow heading into 2015. The number of people surveyed who said they believe now…
[facebook] [retweet] Most investors know that one of the most important aspects of selling a home is curb appeal, and yet many of us are lost on exactly what that entails. Of course a nice mailbox, painted front door, and a freshly mowed yard fits the bill, but today’s buyers expect much more when they…