Mortgage And Real Estate News

Monday, December 19, 2022

FHA Announces Pandemic Aid For Seniors With HECMs

The Federal Housing Administration (FHA) recently announced new "flexibilities" to help senior homeowners with FHA-insured Home Equity Conversion Mortgages (HECMs) who are behind on required property charge payments due to effects of the COVID-19 pandemic. 

Read more... 
https://nationalmortgageprofessional.com/news/fha-announces-pandemic-aid-seniors-hecms


Friday, December 16, 2022

FHA Now Allows 'Double-Dipping' On Loans

The Federal Housing Administration on Thursday announced a rule change that will allow individuals to serve as both the real estate agent and mortgage loan originator for FHA-insured home sales.

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Thursday, December 8, 2022

Genius Ways To Earn Real Estate Passive Income

One of the most common investment strategies is passive investing. Done correctly, once the initial due diligence is done, an investor will not have to devote large amounts of valuable time to tend to their portfolio positions. Others do the day-to-day work while the passive investor collects the proceeds as their reward for providing capital.


Read more... 
https://seekingalpha.com/article/4562595-genius-ways-to-earn-real-estate-passive-income


Friday, July 8, 2022

Scottsdale’s affordable housing situation is worst in metro Phoenix, new study shows

Scottsdale's housing shortage may be far worse than city figures suggest, with thousands fewer units coming down the chute than was estimated and the city's workforce being priced out of the market faster than anywhere else in the Valley, according to a recently released analysis.

The study from Elliott D. Pollack and Company — a local real estate and economic consulting firm — was presented at the Scottsdale City Council meeting on Wednesday. It was commissioned by a pro-development group called Home Arizona, and used estimated median salaries in the metro area to gauge affordability.

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Tuesday, July 5, 2022

The Phoenix real estate market: Stats and trends for 2022


Real estate investors are purchasing more homes in Phoenix than in any of the other top 30 markets in the U.S., due to the metro area's double-digit rent growth and high price-to-rent ratio.1

Read more... https://learn.roofstock.com/blog/phoenix-real-estate-market


Wednesday, April 13, 2022

When Will the GSEs Exit Conservatorship?

It has been 14 years since Freddie Mac and Fannie Mae were put under full operational control of the Federal Housing Finance Agency (FHFA) at the height of the financial crisis in September 2008. At the time, then-Treasury Secretary Henry Paulson called the move a "timeout" reflecting the temporary nature of the move. 


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Friday, April 8, 2022

Would you consider a 40-year mortgage? One Fed official thinks it’s a good idea. But others say it's a risky proposition. - MarketWatch

Should the federal government start backing mortgages even longer than 30 years? Philadelphia Federal Reserve Bank president Patrick Harker thinks it could be a solution to an emerging problem in the housing-finance ecosystem.


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Acre lot in Arcadia sells for record-breaking $4.75M

A 1.05-acre parcel of vacant land in the Arcadia area of Phoenix originally owned by the Frank Lloyd Wright family sold on Thursday for a record-breaking $4.75 million.

Read more... https://www.abc15.com/news/business/acre-lot-in-phoenixs-arcadia-neighborhood-sells-for-record-breaking-4-75m


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