FHA proposes changes to 203(k) program

Nine months after requesting input from the industry, the Federal Housing Administration (FHA) issued a proposal on Wednesday to enhance its rehabilitation program. The updates include increases in the maximum rehabilitation costs for the program’s limited version, an extension of the allowable peri
Read MoreTennessee’s Realty Executives gains top-producing family of agents

Knoxville, Tennessee-based Realty Executives have gained some top-producing agents. The founders of RE/MAX Preferred Properties, Ryan, Rich and Patti Levenson, are joining Realty Executives, according to an announcement on Wednesday.The family sold the franchise in October 2021 but remained with RE/
Read MoreGinnie Mae revises definition of high-balance loans in new guidance

Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this week by the Federal Housing Finance Agency (FHFA), according to All Participants Memorandum (APM) 23-13.“Under the new definition,
Read MoreNashville breaks into list of top migration destinations for first time since 2021: Redfin

For the first time since 2021 when Americans relocated in droves, Nashville once again is a top migration destination, according to a new report from Redfin.Nashville, also known as Music City, is No. 9 on the list of the most popular destinations for homebuyers looking to relocate to a new metro ar
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