Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Mortgage

UWM to Lenders: You’re falling short when educating consumers

“Shocking” down payment study shows why

In what United Wholesale Mortgage CEO Mat Ishbia calls a shocking down payment study, the National Association of Realtors determined 87% of non-homeowners think they need at least 10% down in order to purchase a home.

With so many down payment programs available to homebuyers, Ishbia explained there’s no need for consumers to think they need a 10% down payment.

“It’s crazy that people still think like this today,” he said in the company’s monthly 3 Points Newsletter.

He explained that it is the industry’s responsibility to educate consumers on the many options available to them.

“People don’t know about this, we have to educate them – that’s our job in this industry,” Ishbia said. “Educate consumers, educate the Millennial generation, educate everybody – they actually think they need to save 10 or 20% down, that’s why they’re over there renting.”

Here is UWM’s 3 Points Newsletter where he talks about the lender’s responsibility and also touches on the future of Dodd-Frank under President Donald Trump’s administration.

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FHFA: Government to back mortgages up to $970,800 in 2022

The FHFA today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. In high-cost areas, the new ceiling loan limit will be $970,800.

Nov 30, 2021 By

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Zillow: Over half of our iBuying inventory is on the move

Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”

Dec 02, 2021 By
3d rendering of a row of luxury townhouses along a street

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