Fannie Mae, Freddie Mac announce revisions to condo insurance standards

Fannie Mae and Freddie Mac on Wednesday announced updates to condominium project standards and property insurance requirements for one- to four-unit properties and project developments, with a stated goal of reducing costs for homeowners. “We are replacing a disruptive and expensive Biden insurance
Read MoreOlder Americans maintain record share of housing wealth

Older Americans now hold as much real estate wealth as middle-aged homeowners, illustrating the widening gaps in homeownership access and long-term home price gains. An analysis from Redfin, based on data from the Federal Reserve Board, found that Americans ages 70 and older controlled roughly 26% o
Read MoreHow FrameTec plans to cut build-cycle times and reduce waste

Dozens of innovative companies have sprung up over the past 15 years, each vowing to revolutionize home building. Many haven’t, don’t, and won’t make it through the “early-stage” gauntlet of A, B, and C series capital raises, where they can pay off their debt, cover their bills and sustainably gene
Read MoreFinance of America expands HomeSafe Second reverse mortgage to three more states

Finance of America (FOA) has expanded access to its HomeSafe Second product into Indiana, Ohio and Michigan, giving senior homeowners more options for tapping record levels of home equity without giving up their low post-pandemic mortgage rates, the company announced Tuesday. Reintroduced in 2023 as
Read More
Categories
Recent Posts










