Truist Appoints David Smith as Next Head of Mortgage Business
based in north carolina Truest Financial Corporation announced Tuesday that veteran mortgage executive David Smith would head its trust mortgage Effective July 31. Smith will replace the soon-to-retire Todd Chamberlain, who will assist with the transition. Smith, whose experience includes leadership roles in companies such as Keller Williams And CitiMortgageWill oversee the origination, fulfillment, servicing […]
HUD publishes dozens of proposed rules in spring agenda
U.S. Department of Housing and Urban Development (HUD) has more than 50 proposed rules in the pipeline in its section of the federal government’s 2023 spring regulatory agenda, which was released last week. white House, Most of the 51 entries dedicated to HUD are in the “Proposed Rule Phase,” which is the second of five […]
May housing swell as builders respond to strong demand
Homebuilders are responding to an increase in new home sales and extremely low levels of existing home inventory, leading to faster starts on new projects. Privately owned housing starts in May 2023 projected at a seasonally adjusted annual rate of 1.63 million, up nearly 22% from the revised April 2023 estimate of 1.34 million. US […]
Figure Technologies launches Wholesale Lending Platform
Mike Cagney Chitra Technologies Launched a wholesale lending platform that will provide loan originators access to the company’s home equity line of credit (HELOC) offerings. Announcing the launch Tuesday, the company said Figure’s new wholesale partners can take advantage of the company’s HELOC technology to directly broker loans. “With Figure’s built-in digital origination process, originators […]
Prices and trends in 2023
in this article Atlanta, colloquially known as the “Capital of the South,” is a large and growing market with interesting investment opportunities. The metropolitan area, officially defined as Atlanta–Sandy Springs–Alfaretta, has a population of over six million and hosts the headquarters of many well-known companies such as Coca-Cola, CNN, and Chick-fil-A. (all of which oddly […]
Fourplex Pros, Cons and Tips for Investors
in this article If you’re considering testing the waters as a residential real estate investor, Fourplex could be a good place to start. It’s also a good investment for first-time homebuyers, as you can live in one of the fourplex units and rent out the others – with your tenants paying the mortgage. If you […]
“It’s The Toughest Property Insurance Market We’ve Ever Seen” – What’s Forcing Carriers To Exit In Large Numbers?
in this article This article was brought to you by Steadily. Read our Editorial Guidelines for more information. Your offer was just accepted on a beautiful property in central Florida just a few miles from the coast. The income you earn from this short-term rental will meet your early retirement plans. Everything has been humming […]
9 states with no income tax
in this article State income taxes are often a complex subject that has major implications for real estate investors. Keeping your money in states without income taxes can be a good idea and allow you to keep more money in your pocket each year. In which states there is no income tax, it makes sense […]
Rents exceed housing payments in only four markets—are the days of cash flow over?
in this article Detroit, Philadelphia, Cleveland and Houston. They are the only four remaining cities where it costs less to buy a typical home than to rent, according to a new reports From Redfin. The analysis compared March home values and rental projections for the 50 most populous metro areas in the United States, assuming […]
From Living in a Van to Conquering One of America’s Most Expensive Markets
in this article 2023 presents tremendous challenges for investors looking to get started. Financing is expensive compared to historically low interest rates during the COVID boom. And, although they are stabilizing, home prices have seen a steep rise. Throw low inventory into the mix, and you have an investor’s worst nightmare. In short, it’s tough […]
