Adrian Chu
Bremerton loosens ADU guidelines
For those of us interested in the Kitsap Peninsula, another fun house hacking tidbit. Bremerton is loosening up its ADU regulations with extra flexibility for existing unpermitted ADUs.
https://www.kitsapsun.com/st...
Slava Okunev
Fannie to loosen mortgage requirements
WASHINGTON – June 9, 2017 – Government-sponsored financing giant Fannie Mae will ease its requirements next month, raising its debt-to-income ceiling from 45 percent to 50 percent on July 29. The move could pave the w...
Hersh M.
Lending standards loosening? Major price rise expected?
Source - http://themortgagereports.com/21442/low-down-payme..."Housing starts have been fueled by rising rents, cheap mortgage rates, and an abundance of low- and no-downpayment mortgages.The 80/10/10 piggyback loan h...
Mike V.
I think lending is finally loosening up
In the past week I have recieved a phone call from two seperate banks - US Bank (I use for my rentals) and a local bank (I use for flips) both wanting to know if I was in need of any financing.
I haven't received a si...
Andy Ferrell
Freddie loosening their guildlines regarding rental income?
My lender told me today: "In October Freddie is changing their guidelines that even though you have no rental income history, we CAN use the rental income which we have not been able to do for a few years. "Can anyon...
Patrick Nissim
Lenders are loosening up! But sometimes with a string attached.
As a mortgage broker (California), it was disorienting trying to find an active lender for months after COVID hit. Some stopped doing cash out and some pressed pause on everything. It seemed like the only way to get a...
Andrew Eaton
Fannie Mae will buy 97% LTV mortgages
Saw FNMA article this morning. "Fannie Mae will buy 97% LTV mortgages"You must be joking. [looks to see if this is an Onion article]...I wish I were joking.Haven't we been here and done this? This didn't end well the ...
James Wise
Lakewood, Ohio no longer requires Point of Sale Inspections
Cleveland area investors take a look at this. Just last week this memo came out highlighting a major policy change in one of Cleveland, Ohio's most popular suburbs Lakewood, Ohio.What do you think? Is this a game chan...
Christopher Lombardi
President Donald Trump
For those of us who can't wait to see what's in store for this industry now that a real estate developer is in office... what major changes do you think will take place?
Joshua McGinnis
Dealing with "Unknown" equity % in ListSource
In generating my lists for the Cleveland, OH area, I'm trying to target high equity properties, but it seems that most of the leads have an "unknown" equity. This is drastically lowering the number of available contac...