Property Management News
Overall mortgage credit availability increased 1.5% in September, but it is far from pre-pandemic levels Mortgage credit availability increased for the third consecutive month in September, but is still 30% below the pre-pandemic level, according to a report released Tuesday by the Mortgage Bankers Association (MBA). Much of the growth in credit availability has come from loans that cater to self-employed borrowers, who were left in the cold by most lenders during the pandemic. The MBA Mortgage Credit Availability Index overall rose by 1.5% to 125.6 in September, the highest level since May. The index benchmarks to 100 in March 2012; a higher number portends more mortgage credit... Read more
Home flipping has never been easy, no matter how much fun TV shows like “Flip or Flop” make it out to be. It’s been even harder lately, due to low supply, high...
With the great shortage of affordable rental housing in Chicago, the city could develop an innovative incentive program to transform vacant storefronts into residential...
The nationwide foreclosure moratorium officially expired at the end of July, and while many borrowers are still eligible for mortgage forbearance — an option to...
Home values have been going up for a while now. In fact, according to data from Black Knight, as of June 2021, home values have jumped 20% year over year, growing 7.4%...
Campus adjacent and high-rise student properties see higher net rental income, NMHC annual survey showed. Student housing operators were adversely affected by the COVID-19 pandemic in 2020, according to a report issued Monday by the National Multifamily Housing Council (NMHC). The 2021 NMHC Student Housing Income and Expense Survey includes detailed descriptive statistics for the 2020 calendar year income and expense statements of 953 private off-campus student housing properties, encompassing nearly 185,000 units and 529,000 beds across 47 states. In 2020, many properties incurred higher vacancy costs and offered increased concessions in order to attract tenants. Among a set of... Read more
FHFA Acting Director Sandra Thompson also announced expansions to the eligibility requirements for refinance programs geared toward low-income borrowers Desktop...
Bridge lenders are seeing increased demand from multifamily borrowers amid rising FHFA regulations. Cade Vander Broek, managing director, West Coast at Money360, is...
Federal ruling in Michigan is a big, wide-ranging win for the leading trade association. A federal court ruled that all National Association of Home Builders (NAHB)...
Borrowers struggling to make their FHA mortgage payments now have more time to file for forbearance. According to the U.S. Department of Housing and Urban...
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