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FHA Extends Foreclosure Moratorium in Maui County

FHA Extends Foreclosure Moratorium in Maui County

by Phil Hall | Nov 3, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) has extended its disaster-related foreclosure moratorium in Hawaii’s Maui County through May 6, 2024, for borrowers with FHA-insured single-family mortgages, including seniors with Home Equity Conversion Mortgages. FHA...
CRMLS Now Offering CubiCasa’s Floor Plan Product

CRMLS Now Offering CubiCasa’s Floor Plan Product

by Phil Hall | Nov 3, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

California Regional MLS (CRMLS), the nation’s largest MLS, is now offering its users no-cost 2D floor plans with measurements through CubiCasa, a real estate software company. CRMLS users will receive special access to free floor plans, discounts on add-on features,...
CondoTek and MGIC Unveil Condo Compliance Solution

CondoTek and MGIC Unveil Condo Compliance Solution

by Phil Hall | Nov 3, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

The technology and information firm CondoTek has teamed with Mortgage Guaranty Insurance Corp. (MGIC) to create a condominium compliance solution available through CondoTek’s platform. According to the companies, CondoTek’s Condo Project Warrant (CPW) will now...
Attorney Doneene K. Damon Joins Redwood Trust’s Board of Directors

Attorney Doneene K. Damon Joins Redwood Trust’s Board of Directors

by Phil Hall | Nov 3, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Mill Valley, California-based Redwood Trust Inc. (NYSE: RWT) has appointed attorney Doneene K. Damon to its board of directors. Damon is a practicing attorney as a director of Richards, Layton & Finger P.A., a multi-disciplinary law firm based in Wilmington,...
Mortgage Rates Hold Steady

Mortgage Rates Hold Steady

by Phil Hall | Nov 2, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates held steady in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, down from last week when it averaged 7.79%. A year ago at this time, it averaged 6.95%. The...
Federal Housing Administration Changes Appraisal Requirements for Certain Manufactured Homes

Federal Housing Administration Changes Appraisal Requirements for Certain Manufactured Homes

by Phil Hall | Nov 2, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) has published updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae’s MH Advantage and Freddie Mac’s ChoiceHome programs. According to the FHA, the updates align appraisal...
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