Ginnie Mae has taken a far more active role in the reverse mortgage industry over the past two years, stemming from the failure of a major industry lender that threatened liquidity for other major players in the space. The government-owned company has long overseen the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program, through which reverse mortgages are securitized and sold to...
After a lengthy decline precipitated by lower inflation, a cooling labor market and hints of a Federal Reserve policy change, mortgage rates appear to have bottomed out for now. According to HousingWire‘s Mortgage Rates Center, the average 30-year conforming fixed rate dropped to 6.23% on Sept. 27. That was the lowest figure of the year, but it has increased to 6.31% as of Tuesday. And 15-year...
Real estate technology platform Propy is now enabling its users to handle property inspections without leaving its app. The San Francisco-based Propy has formed a partnership with property inspection platform Inspectify, according to a joint announcement on Tuesday. Through this strategic partnership, Inspectify will be directly integrated with Propy’s platform— and users can access the features...
A housing watchdog group has filed more than 100 complaints that target more than 200 defendants for allegedly discriminating against potential housing applicants who sought to use Section 8 housing vouchers to secure a dwelling. In 2019, California Gov. Gavin Newsom (D) signed a bill into law that bars “housing discrimination, including discrimination through public or private land use...
In Encino Hills, a place where hillside mansions reign supreme, flat lots are outliers. But this newly built, ultra-luxurious estate in Encino Hills sits on a sprawling 1.1-acre lot of completely flat, usable land — maximizing every square inch of the property for its future owners’ gain. As such, the newly built home can offer a whole suite of amenities that aren’t easy to come by, including...
Dreaming of buying a vacation home in California, where the sun meets the sea and year-round demand for rentals keeps your property booked? Purchasing vacation rental properties may appear...
This classic design trick makes it look surprisingly spacious inside. Better Homes & Gardens / Amazon The world of tiny houses is vast, and for most of us, undiscovered. With the growing popularity of small-scale homes in recent years, massive retailers like Amazon have broadened its marketplace horizons and now offer tiny houses among its sea of products, like vacuum cleaners and bird...
Save big with prices starting at $10. Better Homes & Gardens / Madison Woiten Amazon isn’t the only one in town with a fall savings event. Walmart just dropped its own massive sale, Walmart Deals, with thousands of discounts for everyone to shop starting today. The sale is open to everyone from October 8 through October 13 at 11:59 p.m. ET, making now an idea time to start saving today.The...
Tell us your favorite fall drink, and we’ll reveal the trend you have to try in your space this season. David Tsay When you meet with any interior design pro, they have a big task: trying to help make your home feel like you. To better understand their mission, they may look at your fashion choices, ask about recent travel highlights, or enquire about your favorite flowers. And if you’re...
Your guests will never know that your kitchen isn't nearly as costly as it appears. Ryann Ford Luxury doesn't always mean spending big bucks. With these designer-approved tips and tricks, anyone can have an upscale kitchen that looks so much more pricey than it is. Creativity and elbow grease combined with a few thoughtfully purchased features can give you the same elevated and luxe appearance as...
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