Podcasts about Federal Housing Administration

In this episode of The Consumer Finance Podcast, Chris Willis is joined by colleagues Megan Burns, Jason Manning, and Punit Marwaha to explore the arcane world of reverse mortgages. They provide valuable insights about how these unique financial products work, the regulatory landscape, and the litigation hurdles faced by reverse mortgage servicers. Listen to this episode to hear real-life examples highlighting the complexities reverse mortgage servicers may face when dealing with reverse mortgages, including loan origination requirements, the involvement of the U.S. Department of Housing and Urban Development, Federal Housing Administration guidelines, alleged third-party fraud, and the sensitivity around elderly borrowers.

The Constitution Study with Host Paul Engel – If Ronald Reagan was correct, and “a government bureau is the nearest thing to eternal life we'll ever see on this earth.” Then the question we should be asking is, is that a life of eternal salvation or eternal damnation? Just look at public education in the US. What about the U.S. Department of Agriculture? Look at the U.S. Housing and Urban Development's Federal Housing Administration...

The Constitution Study with Host Paul Engel – If Ronald Reagan was correct, and “a government bureau is the nearest thing to eternal life we'll ever see on this earth.” Then the question we should be asking is, is that a life of eternal salvation or eternal damnation? Just look at public education in the US. What about the U.S. Department of Agriculture? Look at the U.S. Housing and Urban Development's Federal Housing Administration...

Racial covenants along with violence, hostility and coercion played an outsized role in keeping non-white families out of sought after suburbs. Lee learns how these practices became national policy after endorsement by the state's wealthy business owners and powerful politicians.TranscriptPart 2 – Discrimination and the Perpetual FightCold Open:PENNY PETERSEN: He doesn't want to have his name associated with this. I mean, it is a violation of the 14th Amendment. Let's be clear about that. So he does a few here and there throughout Minneapolis, but he doesn't record them. Now, deeds don't become public records until they're recorded and simultaneously, Samuel Thorpe, as in, Thorpe brothers, is president of the National Board of Real EstateFRANCES HUGHES (ACTOR): “Housing for Blacks was extremely limited after the freeway went through and took so many homes. We wanted to sell to Blacks only because they had so few opportunities.”LEE HAWKINS: You know, all up and down this street, there were Black families. Most of them — Mr. Riser, Mr. Davis, Mr. White—all of us could trace our property back to Mr. Hughes at the transaction that Mr. Hughes did.CAROLYN HUGHES-SMITH: What makes me happy is our family was a big part of opening up places to live in the white community.You're listening to Unlocking The Gates, Episode 2.My name is Lee Hawkins. I'm a journalist and the author of the book I AM NOBODY'S SLAVE: How Uncovering My Family's History Set Me Free.I investigated 400 years of my Black family's history — how enslavement and Jim Crow apartheid in my father's home state of Alabama, the Great Migration to St. Paul, and our move to the suburbs shaped us.We now understand how the challenges Black families faced in buying homes between 1930 and 1960 were more than isolated acts of attempted exclusion.My reporting for this series has uncovered evidence of deliberate, systemic obstacles, deeply rooted in a national framework of racial discrimination.It all started with me shining a light on the neighborhood I grew up in – Maplewood.Mrs. Rogers, who still lives there, looks back, and marvels at what she has lived and thrived through.ANN-MARIE ROGERS: My kids went to Catholic school, and every year they would have a festival. I only had the one child at the time. They would have raffle books, and I would say, don't you dare go from door to door. I family, grandma, auntie, we'll buy all the tickets, so you don't have to and of course, what did he do? And door to door, and I get a call from the principal, Sister Gwendolyn, and or was it sister Geraldine at that time? I think it was sister Gwendolyn. And she said, Mrs. Rogers, your son went to a door, and the gentleman called the school to find out if we indeed had black children going to this school, and she said, don't worry. I assured him that your son was a member of our school, but that blew me away.In all my years in Maplewood, I had plenty of similar incidents, but digging deeper showed me that the pioneers endured so much more, as Carolyn Hughes-Smith explains.CAROLYN HUGHES-SMITH: The one thing that I really, really remember, and it stays in my head, is cross burning. It was a cross burning. And I don't remember exactly what's it on my grandfather's property? Well, all of that was his property, but if it was on his actual home site.Mrs. Rogers remembers firsthand –ANN-MARIE ROGERS: I knew the individual who burned the cross.Mark Haynes also remembers –MARK HAYNES: phone calls at night, harassment, crosses burnedIn the archives, I uncovered a May 4, 1962, article from the St. Paul Recorder, a Black newspaper, that recounted the cross-burning incident in Maplewood. A white woman, Mrs. Eugene Donavan, saw a white teen running away from a fire set on the lawn of Ira Rawls, a Black neighbor who lived next door to Mrs. Rogers. After the woman's husband stamped out the fire, she described the Rawls family as “couldn't be nicer people.” Despite the clear evidence of a targeted act, Maplewood Police Chief Richard Schaller dismissed the incident as nothing more than a "teenager's prank."Instead of retreating, these families, my own included, turned their foothold in Maplewood into a foundation—one that not only survived the bigotry but became a catalyst for generational progress and wealth-building.JESON JOHNSON: when you see somebody has a beautiful home, they keep their yard nice, they keep their house really clean. You know that just kind of rubs off on you. And there's just something that, as you see that more often, you know it just, it's something that imprints in your mind, and that's what you want to have, you know, for you and for your for your children and for their children.But stability isn't guaranteed. For many families, losing the pillar of the household—the one who held everything together—meant watching the foundation begin to crack.JESON JOHNSON: if the head of a household leaves, if the grandmother that leaves, that was that kept everybody kind of at bay. When that person leaves, I seen whole families just, just really go downhill. No, nobody's able to kind of get back on your feet, because that was kind of the starting ground, you know, where, if you, if you was a if you couldn't pay your rent, you went back to mama's house and you said to get back on your feet.For Carolyn Hughes-Smith, inheriting property was a bittersweet lesson. Her family's land had been a source of pride and stability— holding onto it proved difficult.CAROLYN HUGHES-SMITH: We ended up having to sell it in the long run, because, you know, nobody else in the family was able to purchase it and keep going with it. And that that that was sad to me, but it also gave me an experience of how important it is to be able to inherit something and to cherish it and be able to share it with others while it's there.Her family's experience illustrates a paradox—how land, even when sold, can still transform lives.CAROLYN HUGHES-SMITH: Us kids, we all inherited from it to do whatever, like my brother sent his daughter to college, I bought some property, you know?But not all families found the same success in holding onto their homes. For Mark Haynes, the challenges of maintaining his father's property became overwhelming, and the sense of loss lingered.MARK HAYNES: it was really needed a lot of repair. We couldn't sell it. It was too much.It wasn't up to code. We couldn't sell it the way it was. Yes, okay, I didn't really want to sell it. She tried to fix it, brought up code, completely renovated it. I had to flip I had to go get a job at Kuhlman company as a CFO, mm hmm, to make enough money. And I did the best I could with that, and lost a lot of money. AndLEE HAWKINS: Oh, gosh, okay. So when you think about that situation, I know that you, you said that you wish you could buy it back.MARK HAYNES: Just, out of principle, it was, I was my father's house. He, he went through a lot to get that and I just said, we should have it back in the family.For Marcel Duke, he saw the value of home ownership and made it a priority for his own life.MARCEL DUKE: I bought my first house when I was 19. I had over 10 homes by time I was 25 or 30, by time I was 30This story isn't just about opportunity—it's about the barriers families had to overcome to claim it. Before Maplewood could become a community where Black families could thrive, it was a place where they weren't even welcome.The racial covenants and real estate discrimination that shaped Minnesota's suburban landscape are stark reminders of how hard-fought this progress truly was.LEE HAWKINS: I read an article about an organization called Mapping Prejudice which identifies clauses that say this house should never be sold to a person of color.So we had this talk. Do you remember?PENNY PETERSEN: I certainly do, it was 2018.Here's co-founder Penny Petersen.PENNY PETERSEN: So I started doing some work, and when you you gave me the name of Mr. Hughes. And I said, Does Mr. Hughes have a first name? It make my job a lot easier, and I don't think you had it at that point. So I thought, okay, I can do this.LEE HAWKINS: I just knew it was the woman Liz who used to babysit me. I just knew it was her grandfather.PENNY PETERSEN: Oh, okay, so, he's got a fascinating life story.He was born in Illinois in. He somehow comes to Minnesota from Illinois at some point. And he's pretty interesting from the beginning.He, apparently, pretty early on, gets into the printing business, and eventually he becomes what's called an ink maker. This is like being a, you know, a chemist, or something like, very serious, very highly educated.In 1946 he and his wife, Francis Brown Hughes and all. There's a little more about that. Bought 10 acres in the Smith and Taylor edition. He tried to buy some land, and the money was returned tohim when they found it. He was black, so Frank and Marie Taurek, who maybe they didn't like their neighbors, maybe, I don't know. It wasn't really clear to me,PENNY PETERSEN: Yeah, yeah. And so maybe they were ready to leave, because they had owned it since 1916 so I think they were ready to retire. So at any rate, they buy the land. They he said we had to do some night dealing, so the neighbors didn't see. And so all of a sudden, James T Hughes and Francis move to Maplewood. It was called, I think in those days, Little Canada, but it's present day Maplewood. So they're sitting with 10 acres of undeveloped land. So they decide we're going to pay it off, and then we'll develop it.Hearing Penny describe Frank Taurek takes me back to the conversation I had with his great granddaughter Davida who never met him and only heard stories that didn't paint him in the most flattering light.DAVIDA TAUREK: It feels like such a heroic act in a way at that time and yet that's not, it seems like that's not who his character was in on some levels, you know.HAWKINS: But people are complicatedThe choices made by Frank and Marie Taurek—choices that set the stage for families like mine—are reflected in how their descendants think about fairness and equity even today. That legacy stands alongside the extraordinary steps taken by James and Frances Hughes. Penny Petersen explains how they brought their vision to life.PENNY PETERSEN: They paid it off in a timely fashion. I think was 5% interest for three years or something like that. He plaits it into 20 lots, and in 1957 he starts selling them off. And he said there were one or two white families who looked at it, but then decided not to. But he he was had very specific ideas that you have to build a house of a certain, you know, quality. There were nice big lots, and the first family started moving in. So that's how you got to live there.But interestingly, after the Hughes bought it in 1946 some a guy called Richard Nelson, who was living in Maplewood, started putting covenants around it.LEE HAWKINS: There were people who were making statements that were basically explicitly excluding Negroes from life liberty and happiness.And these are big brands names in Minnesota. One was a former lieutenant governor, let's just put the name out there.Penny explains how we got here:PENNY PETERSEN: The first covenant in Hennepin County and probably the state of Minnesota, seems to be by Edmund G Walton. He lived in Minneapolis in 1910 he enters a covenant. He doesn't do it. This is great because his diaries are at the Minnesota Historical Society.He was, by the way, born in England. He'd never he may or may not have become an American citizen. He was certainly voting in American presidential elections. He was the son of a silk merchant wholesaler, so he was born into money. He wasn't landed gentry, which kind of chapped him a lot. And he he came to America to kind of live out that life. So he he's casting about for what's my next, you know, gig. And he goes through a couple things, but he finally hits on real estate.And he He's pretty good at it. He's, he's a Wheeler Dealer. And you can see this in his letters to his mom back in England, in the diaries, these little, not so maybe quite legal deals he's pulling off.But by, by the early aughts of the 20th century, he's doing pretty well, but he needs outside capital, and so he starts courting this guy called Henry or HB Scott, who is land agent for the Burlington railroad in Iowa, and he's immensely wealthy. And. No one knows about Henry B Scott in Minneapolis. You know, he's some guy you know.So he gets Scott to basically underwrite this thing called what will be eventually known as Seven Oaks Corporation. But no one knows who he is really what Edmund Walton does so he gets, he gets this in place in 1910 Walton, via Henry Scott, puts the first covenant in.And there's a laundry list of ethnicities that are not allowed. And of course, it's always aimed at black people. I mean that that's that's universal. And then what's happening in the real estate realm is real estate is becoming professionalized.Instead of this, these guys just selling here and there. And there's also happening about this time, you know, race riots and the NAACP is formed in 1909 the Urban League in 1910 and I think Walton is he sees something. I can make these things more valuable by making them White's only space.But he doesn't want to have his name associated with this. I mean, it is a violation of the 14th Amendment. Let's be clear about that. So he does a few here and there throughout Minneapolis, but he doesn't record them. Now, deeds don't become public records until they're recorded and simultaneously, Samuel Thorpe, as in, Thorpe brothers, is president of the National Board of Real Estate, you know, and he's listening to JC Nichols from Kansas City, who said, you know, a few years ago, I couldn't sell a lot with covenants on them, but now I can't sell it without covenants.After that, that real estate convention, there's one in 1910 and Walton is clearly passing this around, that he's he's put covenants in, but no one really talks about it, but they you know, as you look back when the deeds were signed, it's like 1910 1911 1912 the 1912 one when HB, when JC, Nichols said, I can't sell a lot without him.Sam Thorpe immediately picks up on this. He's the outgoing president of the National Board of Real Estate. By June, by August, he has acquired the land that will become Thorpe Brothers Nokomis Terrace. This is the first fully covenanted edition. He doesn't record for a while, but within a few years, they're not only these things are not only recorded, but Walton is advertising in the newspaper about covenants, so it's totally respectable. And then this is where Thomas Frankson comes in. In Ramsey County, he's still in the legislature when he puts his first covenant property together, Frankson Como Park, and in 1913 he's advertising in the newspapers. In fact, he not only advertises in English, he advertises in Swedish to let those Swedish immigrants know maybe they don't read English. So well, you can buy here. This will be safe.Penny says the National Board of Real Estate but she means the National Association of Realtors. Samuel Thorpe was not only the President of this powerful organization, he even coined the term ‘realtor' according to records.I want to take a moment to emphasize that Thomas Frankson is a former lieutenant governor.They were architects of exclusion. By embedding racial covenants into the fabric of land deals, they set a legal precedent that shaped housing markets and defined neighborhoods for decades. As Penny Petersen noted, these practices were professionalized and legitimized within the real estate industry.Michael Corey, Associate Director of Mapping Prejudice explains how these covenants were enforced.MICHAEL COREY: And so in the newspaper, as not only do they put the text of the Covenant, then two lines later, it says, you have my assurance that the above restrictions will be enforced to the fullest extent of the law. And this is a legislator saying this, and so like when he says that people are going to assume he means it.And the way this worked with racial covenants is, theoretically, you could take someone to court if they violated the covenant, and they would lose the house, the house would revert back to the original person who put the covenant in. So the potential penalty was quite high forLEE HAWKINS: Oh, gosh.MICHAEL COREY: And I think, like, in practice, it's not like this is happening all the time. The way covenants work is that, like, no one's gonna mess with that because the consequence is so high.LEE HAWKINS: Is there any record of anybody ever breaking a covenant.MICHAEL COREY: Yeah, there are, like, there are legal cases where people either tried like, and people try a number of different strategies, like as Penny mentioned some of the early ones, they have this, like, laundry list of 19th century racial terms. And so it'll say, like, no Mongolian people, for example, like using this, like, racial science term. And so someone who is Filipino might come in and say, like, I'm not Mongolian, I'm Filipino.So, this professionalizing real estate industry keeps refining the covenants to be more, to stand up in court better. But I think for so many people, it's it's not worth the risk to break the covenant both white and like. For the white person, the stakes are low, right? Your neighbors might not like you. For people of color who are trying to break this color line, the stakes are the highest possible like like, because the flip side of a covenant is always violence.So I'm now clear on how these wealthy and powerful figures in my home state came up with a system to keep anybody who was not white locked out of the housing market.I'm still not clear on how these ideas spread around the country.MICHAEL COREY: these conferences that these real estate leaders, like the like the Thorpe brothers are going to like, this is the, this is the moment when these national Realty boards are being formed. And so all of these people are in these rooms saying, Hey, we've got this innovative technology. It's a racial covenant.And this private practice spreads rapidly after places that are in early. There's some places in the East Coast that are trying this this early too. This becomes the standard, and in fact, it gets written into the National Board of Realty ethics code for years because they're prominent people, they're also, like, going to be some of your elected officials there.And when you get to the era of the New Deal, like these are the people who are on the boards that are like, setting federal policy, and a lot of this stuff gets codified into federal legislation. So what starts as a private practice becomes the official policy of the US government when you get to the creation of the Federal Housing Administration that adopts essentially this, this concept that you should not give preferential treatment on loans to to integrate to neighborhoods that are going to be in harmonious and that same logic gets supercharged, because if we know something about this era, this is the FHA and then, and then the GI bill at the end of World War Two are a huge sea change in the way that housing gets financed and the way that homeownership sort of works.I learned so much from my conversations with Penny and Michael. We covered a lot of ground and at times I found myself overwhelmed by the weight of what I was hearing. What exactly does this mean today? What about the families who didn't secure real estate through night dealings? The families who didn't slip through the cracks of codified racial discrimination? How can we address these disparities now?In the final part of our series, we'll hear from some of the people who benefitted, including relatives of Samuel Thorpe who have become new leaders in an old fight to make home ownership a reality for millions of Americans.MARGARET THORPE-RICHARDS: This could be the conversation. I feel like it's time to say something from my perspective. I have a platform, I have a voice, and I think it needs to be said and discussed and talked about,OUTRO MUSIC THEME/CREDITSYou've been listening to Unlocking the Gates: How the North led Housing Discrimination in America. A special series by APM Studios AND Marketplace APM with research support from the Alicia Patterson Foundation and Mapping Prejudice.Hosted and created by me, Lee Hawkins. Produced by Marcel Malekebu and Senior Producer, Meredith Garretson-Morbey. Our Sound Engineer is Gary O'Keefe.Kelly Silvera is Executive Producer.

Texas Land Commissioner and Veterans Land Board (VLB) Chairwoman Dawn Buckingham, M.D. announced that the land board has approved an increase for home loan amounts from 6,550 to 6,500. All qualifying veterans will continue to receive a competitive interest rate and veterans with a Veterans Affairs (VA) service-connected disability rating of 30 percent or greater still qualify for a discounted interest rate. Eligible Texas veterans and military members can now apply for VA, Federal Housing Administration, or conventional financing using the Veterans Housing Assistance Program (VHAP) and a participating lender. Veterans who utilize VA-backed home-buying benefits along with VLB's home...Article Link

Welcome back to the Santa Clarita Real Estate Podcast! I'm your host, Connor with Honor. Today is November 10th, 2024, and we're exploring an exciting topic that could open doors for many aspiring homeowners: How to buy a Santa Clarita home with nothing down or just 3.5% down.The belief that you need a 20% down payment to purchase a home is outdated. With various loan programs available, entering the Santa Clarita real estate market is more attainable than ever.Veterans, this is especially significant for you. With a VA loan, you can often purchase a home with zero down payment. Many of your costs can be covered by the seller or lender, making homeownership even more accessible.For those who aren't veterans, the FHA loan is a fantastic option. Backed by the Federal Housing Administration, it allows you to buy a home with as little as 3.5% down. This opens up opportunities for first-time buyers and those who may not have significant savings.In this episode, we'll cover:Understanding VA and FHA Loans: Eligibility requirements, benefits, and the application process.Property Eligibility: How to ensure the home you're interested in qualifies for these loan programs.Overcoming Common Hurdles: Tips for navigating any challenges that may arise during the buying process.For a deeper dive into this topic, check out our detailed blog post here: https://www.santaclaritaopenhouses.com/buying-a-santa-clarita-with-nothing-down-or-35-percent-down-check-access. This resource provides valuable insights and steps to help you on your journey to homeownership.Don't let the misconception of needing a hefty down payment deter you. The Santa Clarita real estate market has options that cater to various financial situations.If you have questions or need personalized guidance, feel free to reach out to me directly at 661.400.1720 or email connor@santaclaritaopenhouses.com.Stay connected with us:Latest Blog Posts: https://santaclaritaopenhouses.com/blogComing Soon Listings: https://www.SantaClaritaOpenHouses.com/comingsoonYouTube (Real Estate): https://youtube.com/@firstresponderrealtorYoutube Channels:Conner with Honor - real estateHome Muscle - fat torchingFrom first responder to real estate expert, Connor with Honor brings honesty and integrity to your Santa Clarita home buying or selling journey. Subscribe to my YouTube channel for valuable tips, local market trends, and a glimpse into the Santa Clarita lifestyle.Dive into Real Estate with Connor with Honor:Santa Clarita's Trusted Realtor & Fitness EnthusiastReal Estate:Buying or selling in Santa Clarita? Connor with Honor, your local expert with over 2 decades of experience, guides you seamlessly through the process. Subscribe to his YouTube channel for insider market updates, expert advice, and a peek into the vibrant Santa Clarita lifestyle.Fitness:Ready to unlock your fitness potential? Join Connor's YouTube journey for inspiring workouts, healthy recipes, and motivational tips. Remember, a strong body fuels a strong mind and a successful life!Podcast:Dig deeper with Connor's podcast! Hear insightful interviews with industry experts, inspiring success stories, and targeted real estate advice specific to Santa Clarita.

Stanford Law's Daniel Ho and computer science/law student Mirac Suzgun discuss the enduring impact of racially restrictive covenants in real estate with host Rich Ford. Though unenforceable since 1948, these clauses are a lingering reminder of housing segregation and racism in the United States, as Professor Ho's own experience of discovering a covenant barring Asians from purchasing his home highlights. The conversation also looks at legislative efforts to remove the covenants and an innovative AI tool developed by Stanford's RegLab that helps counties identify and redact these covenants, streamlining the process while preserving the historical record.Connect:Episode Transcripts >>> Stanford Legal Podcast WebsiteStanford Legal Podcast >>> LinkedIn PageRich Ford >>>  Twitter/XPam Karlan >>> Stanford Law School PageStanford Law School >>> Twitter/XStanford Lawyer Magazine >>> Twitter/XLinks:Dan Ho  >>> Stanford Law School PageStanford's RegLab >>> Stanford Page(00:00:00) Chapter 1: Introduction to Racial Covenants and AB 1466Host Rich Ford introduces the episode, guests Professor Dan Ho and SLS student Mirac Suzgun, and the topic of racial covenants in real estate. They discuss the persistence of racially restrictive covenants, despite being declared unenforceable by the Supreme Court in Shelley v. Kramer (1948), and highlight California's AB 1466 law, which aims to address the issue.(00:04:00) Chapter 2: The Role of AI in Redacting Racial CovenantsDan Ho explains how Santa Clara County faced the challenge of identifying and redacting racial covenants from millions of historical deed records. The conversation shifts to the AI tool developed by Stanford's RegLab, which automates the identification of racially discriminatory language in property documents. Mirac Suzgun elaborates on the stages of the AI tool, including OCR and machine learning, to help counties meet their legal obligations.(00:10:01) Chapter 3: Historical Context and Persistence of Racial CovenantsRich Ford and Dan Ho delve into the history of racial covenants, explaining their rise after the Buchanan decision (1917) and their persistence even after the Shelley v. Kramer ruling. They discuss how these covenants, though unenforceable, served as a community signaling function, reinforcing housing segregation for decades.(00:16:13) Chapter 4: The Legacy of Racial CovenantsRich Ford and Mirac Suzgun discuss the evolution of state-sponsored race segregation and the role of private covenants in perpetuating housing discrimination. They emphasize how these covenants, often embedded in property deeds, remain binding on homeowners, illustrating the historical entrenchment of racial segregation in real estate.(00:18:48) Chapter 5: Uncovering Historical Data and ResponsibilityDan Ho shares findings from a study revealing the prevalence of racial covenants in Santa Clara County. The discussion highlights the significant responsibility of a small number of developers in enforcing these covenants, contrasting this with the example of Joseph Eichler, who resisted such practices and promoted housing reform.(00:23:11) Chapter 6: Utilizing Technology for Social JusticeThe conversation shifts to the innovative tools developed to identify and address racial covenants in property records. The hosts explore the implications of these discoveries for understanding historical injustices and the importance of retaining historical records while advocating for modern social justice initiatives, plus closing remarks.

The multiyear effort to change the credit scoring models required by Fannie Mae and Freddie Mac continues to move forward, and mortgage lenders, credit officers and compliance professionals need to know the latest developments. On the latest episode of the ABA Banking Journal Podcast, ABA VP Sharon Whitaker provides an update. Among other topics, Whitaker discusses: The operational challenges of moving from today's tri-merge system to merging just two credit reports. How FICO 10T and VantageScore 4.0 differ from credit scores in use today. Why rushing the transition might be counterproductive to the initiative's financial inclusion goals. The role of core platforms and other technology vendors in supporting the transition. What may happen in the Federal Housing Finance Agency makes the change but the Federal Housing Administration, Veterans Administration and others don't. Why the industry needs to see data on how the new credit scoring models would perform, and how banks can get involved in sharing feedback with FHFA. **** Learn more about the credit score transition at the American Mortgage Conference, April 15-17 in Savannah, Georgia. Contact Sharon Whitaker to join ABA's working group on the issue.

Are you a first-time homebuyer navigating the complex world of mortgages? Look no further! In this informative video, we break down the ins and outs of FHA loans – the go-to choice for many first-time homebuyers. FHA loans, or Federal Housing Administration loans, have become synonymous with the journey to homeownership for good reason. Join us as we unravel the mystery behind these loans, explaining their benefits and why they've earned the title of the most popular mortgage option for those taking their first steps into real estate. Discover how FHA loans make homeownership more accessible with lower down payments and flexible credit score requirements. We'll delve into the features that set FHA loans apart, ensuring you have a clear understanding of the advantages they offer to make your dream of owning a home a reality. Whether you're a newcomer to the real estate market or someone considering FHA loans but are not a first time homebuyer, this video is your comprehensive guide to understanding the intricacies of these loans and how they can be the key to unlocking the door to a home of your own. Don't miss out on essential insights that will empower you on your homebuying journey. Hit play, subscribe, and let's embark on the path to homeownership together!

Mariam sits down with Rona Roberts and Barbara Sutherland to discuss their work on Segregated Lexington. Segregated Lexington gathers primary sources and research to show how systemic racism in housing result in unequal life opportunities for Lexington's Black residents versus white residents. They speak on redlining in particular, as well as the effect of realtor steering in relation to home ownership. They talk about how, as white women, they can contribute to repair, and how it's important to understand our past to move forward together in the future. You can visit Segregated Lexington at https://www.segregatedlexington.com This podcast episode is produced in conjunction with the Library's Community Read of The Color of Law by Richard Rothstein (available for checkout) and the UnDesign the Redline exhibit at Central Library, available for viewing until November 17, 2023. 

The Federal government announced a plan to make it easier for builders to get new housing on the market. It's part of the Biden administration's Housing Supply Action Plan. This program, announced on July 27th, would reduce land use and zoning restrictions, increase financing for affordable energy efficient housing, and promote the conversion of under-used commercial space into homes.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Oversized Demand, Limited Supply   The housing crisis is the result of an oversized demand for housing, a limited supply of affordable homes, and a whole lot of rules and regulations that make it difficult to build more homes. Each city and municipality has zoning rules and land use policies that lean toward low-density housing, like single-family detached homes.   The new program will provide $85 million in funding to help communities increase their housing density. For communities that can identify ways to do this, the program will pay grants of as much as $10 million. The money would help create new policies for higher-density zoning, simplify procedures for the planning and development of affordable housing, and reduce things like land use restrictions and parking requirements.   This new HUD funding along with funds from the Inflation Reduction Act and Infrastructure Investment and Jobs Act will also be available for the conversion of office space to homes. Bisnow reported on a study that says as many as 34% of office buildings in 14 North American markets are conversion candidates, but the study also found that developers feel the cost for doing this is prohibitive and that more incentives are needed. There's also an effort to identify federal properties that could be converted.    Plan Calls for Several Far-Reaching Goals   The White House said in the press release that the announcement is a “down payment” on a plan that will “boost supply, lower costs, cut dangerous climate pollution, promote homeownership, protect renters, and promote fair housing.” As the president of the National Multifamily Housing Council, Sharon Wilson Geno, commented: “Policies that actually move the needle and expand housing supply are the only real way we are going to lower the cost of housing and broaden housing availability.”   The housing program is a multi-pronged action plan that also involves:   1 - The Department of Transportation to help with transportation and access issues as part of a previously announced “Reconnecting Communities and Neighborhoods” program. 2 - The Economic Development Administration to steer the grantmaking process toward efficient land use that includes housing density and access to commercial, economic, and employment opportunities. 3 - The Environmental Protection Agency to mobilize private capital and financing for clean energy projects and retrofits. There are several departments involved with various clean energy efforts related to housing. 4 - The Federal Housing Administration to make it easier to finance the building and rehabilitating of apartment buildings.    The FHA is also making it easier for homeowners to get financing for accessory dwelling units. One of the big policy changes is the ability to use expected rental income from an ADU to qualify for the purchase or the refinancing of a home.    White House Plan to Protect Tenants   There are also new efforts to protect renters. About 35% of the U.S. population live in rental housing. That's about 44 million people. Many faced eviction after pandemic moratoriums were eliminated. Bisnow says that in some cities, eviction filings surged by 50% this last summer. But to keep things in perspective, the eviction rate was close to zero during the pandemic, so a 50% increase may not be a huge amount. Landlords also need to collect rent to remain in business.    In regards to the White House effort to protect tenants, the plan is to:   1 - Ensure fair tenant screening practices which involve guidelines for landlords and landlord-tenant communication on why tenants were rejected.  2 - Provide new funding to support tenant outreach and education. This will help tenants who are part of HUD's rental assistance program. 3 - Ensure that public housing tenants are given at least a 30-day eviction notice.   Zillow is also contributing to the White House plan. The real estate website says it will provide a Cost of Renting Summary that will give users a better idea of the total amount they will have to pay for a rental property. That includes disclosures on unexpected or “sneaky” fees that are often a surprise to renters. It said in a news release: “Zillow is proud to partner with the White House in an effort to turn on the lights for renters by surfacing these fees and offering solutions to help renters save money.”   That's it for today. If you want to learn more about how you can use real estate to build wealth, hit the join for free button on our website. And please remember to hit the subscribe button, and leave a review!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.bisnow.com/national/news/affordable-housing/biden-administration-rolls-out-plan-to-cut-zoning-and-land-use-red-tape-120000   2 - https://www.whitehouse.gov/briefing-room/statements-releases/2023/07/27/biden-harris-administration-announces-actions-to-lower-housing-costs-and-boost-supply/   3 - https://www.whitehouse.gov/briefing-room/statements-releases/2023/01/25/fact-sheet-biden-harris-administration-announces-new-actions-to-protect-renters-and-promote-rental-affordability/   4 - https://www.zillowgroup.com/news/a-rental-market-that-works-for-everyone/

In this podcast episode, we cover significant developments affecting the multifamily housing sector in Washington State: (1) The Federal Housing Administration's raising the threshold for large multifamily loans, potentially expanding property eligibility for standard underwriting. (2) Despite concerns about a hard landing, demand for apartments remained strong, and the state is making a historic investment in affordable housing projects. (3) Although still alive, Seattle's proposed rent control bill faces challenges. PLUS! We also cover the affluent renter demographic in Seattle and slowing apartment production. Stay tuned next month for expert insights on state eviction processes and security deposits.

In this podcast episode, we cover significant developments affecting the multifamily housing sector in Washington State: (1) The Federal Housing Administration's raising the threshold for large multifamily loans, potentially expanding property eligibility for standard underwriting. (2) Despite concerns about a hard landing, demand for apartments remained strong, and the state is making a historic investment in affordable housing projects. (3) Although still alive, Seattle's proposed rent control bill faces challenges. PLUS! We also cover the affluent renter demographic in Seattle and slowing apartment production. Stay tuned next month for expert insights on state eviction processes and security deposits.  

On this day, June 27th, in legal history, the Federal Housing Administration came into being. The Federal Housing Administration (FHA) was established in 1934 as part of President Franklin D. Roosevelt's New Deal program during the Great Depression. On June 27, 1934, the National Housing Act was passed which functionally created the FHA. The primary goal of the FHA was to stabilize the housing market and increase homeownership opportunities for Americans. It did so by providing mortgage insurance to lenders, enabling them to offer loans with lower down payments and longer repayment terms if those loans complied with certain underwriting conditions.The FHA played a significant role in expanding homeownership, particularly for low-income and first-time homebuyers who were previously unable to secure traditional mortgages. It introduced standardized underwriting guidelines, making it easier for lenders to assess borrower creditworthiness. Additionally, the FHA established regulations for home construction and safety standards to improve housing conditions.During its early years, the FHA primarily facilitated the construction of single-family homes. However, after World War II, it expanded its programs to include multi-family housing, aiding the construction of rental properties and helping address housing shortages.Over time, the FHA's role evolved, and it became a vital institution in the mortgage market, ensuring the availability of affordable home loans. However, it faced criticism for some of its practices, including redlining, a discriminatory practice that disproportionately affected minority communities by denying them access to mortgage loans.Despite its shortcomings, the FHA continues to operate today as part of the U.S. Department of Housing and Urban Development (HUD), supporting affordable housing initiatives and promoting access to mortgage financing for a wide range of borrowers.KPMG LLP, one of the Big Four accounting firms, is planning to lay off nearly 5% of its US workforce, amounting to approximately 2,000 positions, citing challenging economic conditions and low turnover rates. This marks the second round of layoffs for the firm in 2023 and deviates from its earlier strategy of offering incentives to retain employees during the "Great Resignation" trend. The job cuts are expected to be completed by late summer, and affected employees will receive severance packages and access to career services and healthcare benefits. KPMG's decision aligns with similar actions taken by competitors like Deloitte, Ernst & Young, and Grant Thornton, who have also reduced their consulting businesses due to declining demand. Despite the layoffs, KPMG reported a 14% increase in revenue for its US affiliate in the previous year and expressed optimism about future growth opportunities. The firm's leaders noted a significant disparity between workforce size and the resources required to deliver services, citing economic headwinds and low attrition rates as contributing factors. While staff in tax and audit practices received immediate notifications, professionals in the advisory business and other areas were told they would have to wait until later in the summer to learn their fate. Unlike its counterparts, PwC has not announced any layoffs driven by market conditions but instead informed its staff to expect bonus pay and merit raises, with increased in-office presence.KPMG Cutting US Workforce 5% in Second Round of 2023 Layoffs (1)The County of Los Angeles has severed ties with law firm Lewis Brisbois Bisgaard & Smith following the release of racist, sexist, and antisemitic emails by two former senior partners. The county will no longer assign new matters to the firm and will review existing cases to determine if they should be transferred to other outside lawyers on a case-by-case basis. County counsel Dawyn Harrison emphasized the importance of promoting inclusion, diversity, equity, and anti-racism in law firms contracted by the county. The LA County counsel's office assigns cases to contract law firms for various government departments and has an apportioned budget of around $186 million for the current fiscal year. Lewis Brisbois has represented clients such as the LA County's Metropolitan Transportation Authority, Sheriff's Department, and Board of Supervisors. The firm is currently in discussions with the county but declined to provide further comment. This development follows the departure of leaders from Lewis Brisbois' labor and employment group, who left to launch a competing firm and subsequently prompted the release of offensive emails. Lewis Brisbois, known for its work in insurance defense, has undergone leadership changes and is now led by managing partner Gregory Katz.LA County Cuts Ties With Lewis Brisbois After Racist Emails (1)Rite Aid, the drugstore chain burdened by a $2.9 billion debt, has ended its relationships with two law firms, Bradley Arant Boult Cummings and Littler Mendelson, due to personal connections between their partners and Rite Aid's former and current senior executives. The decision was made to ensure that "related persons" do not have a significant interest in the company's legal matters. Rite Aid cited the presence of the sister of its former chief legal officer at Bradley, which represented the company in opioid-related litigation, and a Littler partner who is the brother of Rite Aid's chief financial officer. The company did not disclose the names of the lawyers involved. Rite Aid recently appointed Christin Bassett as its acting legal chief following the departure of its former chief legal officer, Paul Gilbert. Thomas Sabatino Jr., previously the top lawyer at Tenneco Inc., will succeed Gilbert as the legal group leader. Rite Aid is currently dealing with various legal issues, including opioid litigation and a growing debt load. Bondholders have engaged Paul, Weiss, Rifkind, Wharton & Garrison as they prepare for discussions on restructuring the company's debt.Rite Aid Cuts Loose Law Firms With Personal Ties to ExecutivesThe U.S. Supreme Court has dismissed a Republican appeal to defend a Louisiana electoral map that was challenged as discriminatory. The map, drawn by the Republican-led state legislature, was accused of unlawfully discriminating based on race. A federal judge had ordered the creation of two congressional districts where Black voters would be the majority, potentially benefiting Democratic chances in the upcoming elections. The Supreme Court's dismissal allows the case to proceed before the 5th U.S. Circuit Court of Appeals in New Orleans for review before the 2024 congressional elections in Louisiana. Black voters and civil rights groups had sued, claiming that the map disenfranchised and discriminated against Black Louisianans by packing them into one district and diluting their voting power in others. The ruling follows a similar decision in an Alabama case, where the Supreme Court found that the Republican-drawn map violated the Voting Rights Act by diminishing the voting power of Black Alabamians.US Supreme Court tosses race-based dispute over Louisiana electoral map | ReutersThe U.S. Supreme Court has rejected an inventor's bid to challenge a patent ruling based on the grounds that one of the judges involved is facing a competency probe. Inventor Franz Wakefield argued that the investigation into Judge Pauline Newman of the U.S. Court of Appeals for the Federal Circuit raised concerns about due process and warranted a new hearing. However, the Supreme Court denied the petition without providing a written opinion. Wakefield had sued several tech companies for patent infringement, but the patent was invalidated in 2021 by a Delaware federal court and affirmed by a three-judge panel at the Federal Circuit that included Judge Newman. Wakefield claimed that the presence of a judge with a mental disability on the panel undermined the principle of a fair and impartial hearing. Judge Newman, who is 96 years old, has denied the claims and filed a lawsuit to halt the competency probe.US Supreme Court won't reconsider ruling by judge facing competency probe | ReutersIn this week's column, I lay out and compare some tax rates in the United States and Norway, pointing out that the top federal tax bracket in the US for 2023 is 37%, while in Norway, it reaches 55.8% – but the top US rate in 1944 was a staggering 94%, applied to income over $200,000 (equivalent to $3.45 million today). I acknowledge that advocating for such a high rate would be difficult. Instead, I propose a compromise: maintaining the current rate structure but adding a 100% tax rate for individuals earning over $1 billion.The proposed tax would apply to both income and capital gains, without any loopholes or exceptions. At the outset I acknowledge the complexity of implementing such a tax, given the intricacies of the US tax code, but I'd argue that the lack of proper regulation ensuring billionaires pay their fair share is a result of political unwillingness rather than administrative obstacles.There are a limited number of billionaires who earn over $1 billion per year in income, it is an elite group, and taxing just this elite group would generate relatively modest revenue (that is, approximately $6 billion per year). However, there are massive unrealized gains held by billionaires, which amount to around $2.7 trillion in the US. I thus suggest implementing a mark-to-market tax, requiring billionaires to recognize gains and losses on their investments at the end of each tax year.By applying a mark-to-market tax rate of 100% on gains and income above $1 billion, I argue that it would prevent the further growth of billionaires' wealth and could generate significant revenue. For example, if the year ended today, it could raise around $335 billion from the top billionaires alone. I conclude by highlighting the ease of administering such a targeted tax due to the relatively small number of billionaires in the US (724). That said, the main obstacle to implementing a 100% tax rate is not administrative feasibility but rather the political challenges and resistance from a nation that aspires to wealth. It's Time to Slap America's Billionaires With a 100% Tax Bracket Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

Traditionally, FHA loans, which are insured by the Federal Housing Administration, have required borrowers to obtain flood insurance through the National Flood Insurance Program (NFIP). The NFIP is a federal program managed by the Federal Emergency Management Agency (FEMA).Private flood insurance refers to flood insurance coverage provided by private insurance companies as an alternative to the NFIP. Historically, private flood insurance options have been limited, and FHA loans generally required NFIP coverage.Now you are able to obtain Flood insurance thru the Private sector for FHA loans, previously you could have gotten quotes that were way higher and prevented a sale from happening. That has now all changed.tune in and learn more at https://www.ddamortgage.com/blogDidier Malagies nmls#212566DDA Mortgage nmls324329#mortgage Support the show

Is there free money out there to help first time home buyers with their down payments? Um, YES. You just have to know where to look. So, stop looking at the clickbait-y headlines and listen to David Sidoni because he's going to tell you all about it. Here are some takeaways from today's conversation: Episode Highlights: [2:46] An Analysis of the “News” Headlines have been popping up all over the news featuring some great programs that will finally give first-time home owners the break they need… except the programs aren't really all that great. David has some bad news: this is really just clickbait. [5:05] Biden's Not-so-great Bill In April 2021, the Biden administration announced a bill that would give a $15,000 credit to first-time home buyers. But, now it's two years later and it's still a bill and not a law, so, no money yet. But, this wasn't even money that would help you buy - it was a tax credit that would help you AFTER you already purchased the home. [8:23] What HUD Had To Say The U.S. Department of Housing and Urban Development announced that the Federal Housing Administration was going to increase 40-year terms for some loan modifications in an attempt to offer some post-COVID recession relief. Okay, pretty good, right? Well, somehow the headline got morphed into “FHA Approves 40-year Mortgage For Certain Home Buyers in May!” Well, isn't that NOT the truth? This was not for home buyers, this was for loan modifications for existing homeowners. [10:39] CA's Empty Pockets The state of California announced a program that was giving away free money to home buyers. Crazy! So this was actually true, but the catch is that the loan program ran out of money in just two weeks and now it's on hold again. Also, it sounded amazing, but there were so many catches that it applied to only a very certain number of people and may cost homeowners in the long run. Resources https://smartasset.com/taxes/first-time-homebuyer-tax-credit https://www.hud.gov/press/press_releases_media_advisories/hud_no_22_070

Is there free money out there to help first time home buyers with their down payments? Um, YES. You just have to know where to look. So, stop looking at the clickbait-y headlines and listen to David Sidoni because he's going to tell you all about it.  Here are some takeaways from today's conversation: What's in the news isn't always true Tax credit vs. free money Loan modifications only help existing loan holders If a program sounds too good to be true, it probably is  Episode Highlights: [2:46] An Analysis of the “News” Headlines have been popping up all over the news featuring some great programs that will finally give first-time home owners the break they need… except the programs aren't really all that great. David has some bad news: this is really just clickbait.  [5:05] Biden's Not-so-great Bill In April 2021, the Biden administration announced a bill that would give a $15,000 credit to first-time home buyers. But, now it's two years later and it's still a bill and not a law, so, no money yet. But, this wasn't even money that would help you buy - it was a tax credit that would help you AFTER you already purchased the home.  [8:23] What HUD Had To Say The U.S. Department of Housing and Urban Development announced that the Federal Housing Administration was going to increase 40-year terms for some loan modifications in an attempt to offer some post-COVID recession relief. Okay, pretty good, right? Well, somehow the headline got morphed into “FHA Approves 40-year Mortgage For Certain Home Buyers in May!” Well, isn't that NOT the truth? This was not for home buyers, this was for loan modifications for existing homeowners.    [10:39] CA's Empty Pockets The state of California announced a program that was giving away free money to home buyers. Crazy! So this was actually true, but the catch is that the loan program ran out of money in just two weeks and now it's on hold again. Also, it sounded amazing, but there were so many catches that it applied to only a very certain number of people and may cost homeowners in the long run.  Resources https://smartasset.com/taxes/first-time-homebuyer-tax-credit  https://www.hud.gov/press/press_releases_media_advisories/hud_no_22_070 

More than 50 years ago, a nationwide housing scandal involving predatory real-estate speculators and the Federal Housing Administration hastened the decline of many urban centers like Detroit, Philadelphia, and New York City. Sunset Park, a neighborhood of Brooklyn, was among those hit particularly hard. We traveled to there with Majora Carter, a Bronx-based urban revitalization specialist, to explore the scandal and its enduring legacy. And, a federal appeals court has maintained access to an abortion drug previously blocked by a Texas lower court judge.

More than 50 years ago, a nationwide housing scandal involving predatory real-estate speculators and the Federal Housing Administration hastened the decline of many urban centers like Detroit, Philadelphia, and New York City. Sunset Park, a neighborhood of Brooklyn, was among those hit particularly hard. We traveled to there with Majora Carter, a Bronx-based urban revitalization specialist, to explore the scandal and its enduring legacy. And, a federal appeals court has maintained access to an abortion drug previously blocked by a Texas lower court judge.

Real estate investing as a serious option compared to other investments in the world such as a 401(k) or cryptocurrency or stock market or a 1031 exchange. You don't have to always sell to buy your next property. Maybe renting makes a lot more sense. What are the ups and downs, and the nitty-gritty details when it comes to renting some thing I don't talk a lot about in this podcast, but we certainly could here's a few examples and strategies. 1. Fixed-Rate Mortgage: This type of mortgage offers a fixed interest rate for the entire term of the loan, typically 15 or 30 years. Pros: Predictable payments, protection against rising interest rates. Cons: Higher interest rates compared to adjustable-rate mortgages (ARMs), less flexibility if rates go down. 2. Adjustable-Rate Mortgage (ARM): An ARM offers a lower initial interest rate that can adjust up or down periodically over the life of the loan. Pros: Lower initial interest rates, potential for lower payments if rates decrease. Cons: Uncertainty about future payments, potential for rates to rise and payments to increase. 3. FHA Loan: This type of loan is insured by the Federal Housing Administration and requires a lower down payment compared to conventional mortgages. Pros: Lower down payment requirements, flexible credit guidelines. Cons: Mortgage insurance premiums for the life of the loan, limits on loan amounts. 4. VA Loan: This loan is guaranteed by the Department of Veterans Affairs and is available to eligible veterans and active-duty military members. Pros: No down payment requirement, more lenient credit requirements. Cons: Funding fee, limits on loan amounts. 5. USDA Loan: This loan is available to homebuyers in rural areas and is guaranteed by the United States Department of Agriculture. Pros: No down payment requirement, lower interest rates. Cons: Income and property eligibility requirements, potential for longer processing times. 6. Jumbo Loan: This type of loan is used for high-priced homes that exceed the conforming loan limits set by Fannie Mae and Freddie Mac. Pros: Ability to finance larger loan amounts, potential for lower interest rates with a good credit score. Cons: Higher down payment requirements, stricter credit and income requirements. 7. Interest-Only Mortgage: This type of mortgage allows borrowers to pay only the interest on the loan for a set period of time, typically 5-10 years. Pros: Lower monthly payments during the interest-only period. Cons: Balloon payment due at the end of the interest-only period, potential for negative amortization. 8. Reverse Mortgage: This type of mortgage is available to homeowners age 62 and older and allows them to borrow against the equity in their home. Pros: No monthly mortgage payments, ability to access home equity. Cons: High fees and closing costs, potential for reduced inheritance for heirs. 9. Bridge Loan: This type of loan is used to finance the purchase of a new home before the existing home is sold. Pros: Ability to purchase a new home before selling

David Hochberg, Vice President of Lending for Team Hochberg at Homeside Financial and host of Home Sweet Home Chicago, joins Bob Sirott to talk about the shutdown of Silicon Valley Bank and the subsequent fear resulting in mass deposits with other banks. They also talk about the Federal Housing Administration's new rules that give listeners […]

Back for a part 2: Emmanual StGermain and in this episode, we dive into the different types of home loans, from the Federal Housing Administration's FHA loans to conventional loans and Veterans Affairs (VA) loans. You'll learn about the benefits and drawbacks of each option, what requirements you need to meet to qualify, and tips for securing the best rates and terms. But we don't stop at just the loans themselves. We'll also tackle broader topics in the world of real estate, including market trends, negotiating with sellers, and working with real estate agents. Whether you're a first-time homebuyer or a seasoned veteran looking to refinance, Choice Mortgage has something for you. Join us as we demystify the world of home loans and help you make the best decisions for your future

Let's talk about the real estate market based on our location of San Antonio Texas. Mark JonesFounder of https://reviewmymortgage.com/President | iTHINK Mortgage Top Producing Sr. Loan OfficerNMLS# 513437Get in Touch with Mark.https://ithinkmortgage.comYvonne Godina aka YG Sr. Loan Officer NMLS# 312632Nichole Kelley Loan Officer NMLS# 1630375Mann Mortgage LLC, DBA iTHINK Mortgage15900 La Cantera Pkwy #2630 San Antonio TX 78256NMLS #2550 Alaska (AK2550), Arizona (0907705), California (4130981), Colorado (2550), District of Columbia (MLB2550), Hawaii (HI-2550), Idaho (MBL-437), Maryland (23418), Minnesota (MN-MO-2550), Montana (2550), Nevada (2342), New Mexico (250489), North Carolina (185883), North Dakota (MB101542), Oregon (ML-832), South Dakota (ML.05197), Texas (2550), Utah (7956014), Virginia (MC-6860), Washington (CL-2550), Wisconsin (2550BA), Wyoming (1004).Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.Texas Complaint and Recovery Fund NoticeMann Mortgage, LLC is not endorsed by, nor acting on behalf of or at the direction of, the U.S. Department of Housing and Urban Development, Federal Housing Administration, the Veterans Administration, the U.S. Department of Agriculture or the Federal Government. All programs are subject to credit and income qualification. This is not a guarantee of financing or a firm offer of credit. Interest rates are not guaranteed and subject to change or become unavailable at time of commitment or closing. 1220 Whitefish Stage, Kalispell, MT 59901iTHINK Mortgage is an Equal Housing Lender

Let's talk about the real estate market based on our location of San Antonio Texas. Mark JonesFounder of https://reviewmymortgage.com/President | iTHINK Mortgage Top Producing Sr. Loan OfficerNMLS# 513437Get in Touch with Mark.https://ithinkmortgage.comJody TrevinoLoan Officer NMLS# 2211449Les Marshall Loan Officer NMLS# 2081243Mann Mortgage LLC, DBA iTHINK Mortgage15900 La Cantera Pkwy #2630 San Antonio TX 78256NMLS #2550 Alaska (AK2550), Arizona (0907705), California (4130981), Colorado (2550), District of Columbia (MLB2550), Hawaii (HI-2550), Idaho (MBL-437), Maryland (23418), Minnesota (MN-MO-2550), Montana (2550), Nevada (2342), New Mexico (250489), North Carolina (185883), North Dakota (MB101542), Oregon (ML-832), South Dakota (ML.05197), Texas (2550), Utah (7956014), Virginia (MC-6860), Washington (CL-2550), Wisconsin (2550BA), Wyoming (1004).Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.Texas Complaint and Recovery Fund NoticeMann Mortgage, LLC is not endorsed by, nor acting on behalf of or at the direction of, the U.S. Department of Housing and Urban Development, Federal Housing Administration, the Veterans Administration, the U.S. Department of Agriculture or the Federal Government. All programs are subject to credit and income qualification. This is not a guarantee of financing or a firm offer of credit. Interest rates are not guaranteed and subject to change or become unavailable at time of commitment or closing. 1220 Whitefish Stage, Kalispell, MT 59901iTHINK Mortgage is an Equal Housing Lender

Let's talk about the real estate market based on our location of San Antonio Texas. Mark JonesFounder of https://reviewmymortgage.com/President | iTHINK Mortgage Top Producing Sr. Loan OfficerNMLS# 513437Get in Touch with Mark.https://ithinkmortgage.comNichole Kelley Loan Officer NMLS#1630375Xavier Villarreal Loan Officer NMLS# 2217153Mann Mortgage LLC, DBA iTHINK Mortgage15900 La Cantera Pkwy #2630 San Antonio TX 78256NMLS #2550 Alaska (AK2550), Arizona (0907705), California (4130981), Colorado (2550), District of Columbia (MLB2550), Hawaii (HI-2550), Idaho (MBL-437), Maryland (23418), Minnesota (MN-MO-2550), Montana (2550), Nevada (2342), New Mexico (250489), North Carolina (185883), North Dakota (MB101542), Oregon (ML-832), South Dakota (ML.05197), Texas (2550), Utah (7956014), Virginia (MC-6860), Washington (CL-2550), Wisconsin (2550BA), Wyoming (1004).Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.Texas Complaint and Recovery Fund NoticeMann Mortgage, LLC is not endorsed by, nor acting on behalf of or at the direction of, the U.S. Department of Housing and Urban Development, Federal Housing Administration, the Veterans Administration, the U.S. Department of Agriculture or the Federal Government. All programs are subject to credit and income qualification. This is not a guarantee of financing or a firm offer of credit. Interest rates are not guaranteed and subject to change or become unavailable at time of commitment or closing. 1220 Whitefish Stage, Kalispell, MT 59901iTHINK Mortgage is an Equal Housing Lender

Three new projects are getting money from the Technology Modernization Fund. The Office of Personnel Management, the Federal Housing Administration and the U.S. Army are the recipients of the new awards. Tony Scott, CEO of Intrusion and former federal chief information officer, discusses what stands out about the three new awards. A new request for information from the Census Bureau lays out the next steps they plan to take in the cloud. Kenneth Harrison, division chief of the telecommunications office at the Census Bureau, explains how the cloud is laying the groundwork for network improvement. The Daily Scoop Podcast is available every weekday afternoon. If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast on Apple Podcasts, Google Podcasts, Spotify and Stitcher. And if you like what you hear, please let us know in the comments.

If you are attending Black Hat this year and would like to meet with David please contact Benjamin at Benjamin_Masso@trendmicro.com. If you are looking to securely accelerate your digital transformation but can't make it out to Vegas this year tune into our Virtual Booth to chat with experts and download resources: https://resources.trendmicro.com/Blac... David Chow has extensive experience in the US federal government through his 20 years of Federal services. David Chow served as the Chief Information Officer for the Department of Housing and Urban Development, leading the IT modernization of the Federal Housing Administration mortgage loan systems and its $1.3 trillion portfolio and drove operational efficiencies using robotic process automation and artificial intelligence. After that, David accelerated digital transformation through secured cloud adoption in the financial sector as Global SVP on NextGen Solutions at CoreLogic (a FinTech data company). David now takes on the role of Chief Strategy Officer at Trend Micro, a market leader in hybrid cloud security, network defense, small business and endpoint security. Scott Schober is a #cybersecurity​ and wireless technology expert, author of Hacked Again and Cybersecurity is Everybody's Business, host of 2 Minute CyberSecurity Briefing video podcast and CEO of Berkeley Varitronics Systems who appears regularly on Bloomberg TV, Fox Business & Fox News, CGTN America, Canadian TV News, as well as CNN, CBS Morning Show, MSNBC, CNBC, The Blaze, WPIX as well as local and syndicated Radio including Sirius/XM & Bloomberg Radio and NPR. Subscribe and follow: Apple Podcasts: https://podcasts.apple.com/us/podcast... Google Podcasts: https://podcasts.google.com/feed/aHR0... iHeart Podcasts: https://www.iheart.com/podcast/70626340/ Amazon Music Podcasts: https://scottschober.com/wp-content/u... YouTube: https://www.youtube.com/channel/UCxqx... Twitter: @ScottBVS Instagram: https://www.instagram.com/scott_schober/ LinkedIn: https://www.linkedin.com/in/snschober​ Website: www.ScottSchober.com

If you are attending Black Hat this year and would like to meet with David please contact Benjamin at Benjamin_Masso@trendmicro.com. If you are looking to securely accelerate your digital transformation but can't make it out to Vegas this year tune into our Virtual Booth to chat with experts and download resources: https://resources.trendmicro.com/Blac... David Chow has extensive experience in the US federal government through his 20 years of Federal services. David Chow served as the Chief Information Officer for the Department of Housing and Urban Development, leading the IT modernization of the Federal Housing Administration mortgage loan systems and its $1.3 trillion portfolio and drove operational efficiencies using robotic process automation and artificial intelligence. After that, David accelerated digital transformation through secured cloud adoption in the financial sector as Global SVP on NextGen Solutions at CoreLogic (a FinTech data company). David now takes on the role of Chief Strategy Officer at Trend Micro, a market leader in hybrid cloud security, network defense, small business and endpoint security. Scott Schober is a #cybersecurity​ and wireless technology expert, author of Hacked Again and Cybersecurity is Everybody's Business, host of 2 Minute CyberSecurity Briefing video podcast and CEO of Berkeley Varitronics Systems who appears regularly on Bloomberg TV, Fox Business & Fox News, CGTN America, Canadian TV News, as well as CNN, CBS Morning Show, MSNBC, CNBC, The Blaze, WPIX as well as local and syndicated Radio including Sirius/XM & Bloomberg Radio and NPR. Subscribe and follow: Apple Podcasts: https://podcasts.apple.com/us/podcast... Google Podcasts: https://podcasts.google.com/feed/aHR0... iHeart Podcasts: https://www.iheart.com/podcast/70626340/ Amazon Music Podcasts: https://scottschober.com/wp-content/u... YouTube: https://www.youtube.com/channel/UCxqx... Twitter: @ScottBVS Instagram: https://www.instagram.com/scott_schober/ LinkedIn: https://www.linkedin.com/in/snschober​ Website: www.ScottSchober.com

The median sale price of a previously-owned home has skyrocketed to $416,000, the highest total on record. Shep speaks with the former head of the Federal Housing Administration. Also, Olena Zelenska, the first lady of Ukraine, makes an urgent and emotional plea on Capitol Hill to U.S. lawmakers. She says Russia is destroying her people in an unprovoked terrorist war and killing peaceful civilians in peaceful cities. Plus, we preview tomorrow's prime-time January 6th hearing. According to new reporting from NBC News, Secret Service agents were told in two separate emails, including one sent before January 6, to save records and text messages on their phones before the agency reset the devices as part of a replacement program.

The Biden administration announced an ambitious new goal to close the affordable housing gap in just five years. The plan includes financial incentives to build more housing, along with changes to zoning and land use regulations to potentially make it easier to create new housing. It also includes new financing policies for things like accessory dwelling units and manufactured homes, and solutions for the supply chain crunch that's making it difficult for builders and renovators.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. The White House released details of its Biden-Harris Administration Housing Supply Action Plan on May 16th. (1) It falls under President Biden's effort to tackle inflation as a top priority and the need to address housing costs. According to the Consumer Price Index, housing accounts for about 30% of the prices increases we're seeing today.Housing Supply Action PlanWith this new plan, the administration hopes to create and/or preserve hundreds of thousands of affordable housing units. The government would not build any homes directly. It would all be done with the help of government policies, financing, and incentives for the private sector. This plan is also in addition to a previous one announced in September of last year, to create 100,000 homes in three years.There are five main categories to the Biden-Harris plan:1 - The first category provides incentives for cities and districts to loosen zoning and land-use rules. Districts that do this will rank higher during the competitive process for securing federal grants.2 - The second category includes new financing programs for the creation or preservation of small-scale housing. That includes ADUs, manufactured homes, and small multi-family buildings.3 - Third on the list is a plan to expand and improve existing forms of federal financing. That includes more access to so-called “construction to permanent loans,” promoting the use of surplus COVID-19 recovery funds for the creation of affordable housing, and reforms to the Low Income Housing Tax Credit which would benefit investors who create affordable housing. 4 - Fourth, is a plan to give priority to homebuyers who plan to live in the homes and non-profits when disposing of federally-owned land and homes, including FHA foreclosures. The idea is to steer these deals away from large institutional investors.5 - And last, to work with the private sector to fix supply chain issues. The goal is to get supplies moving again and allow builders to finish construction on the most new homes this year than in any year since 2006.Some of the provisions in this plan will also rely on approval from Congress, which is never a given. But some steps could also be implemented right away, including a policy at the Department of Transportation that grands higher scores during the federal grant process to districts that encourage more housing density.The Federal Housing Administration and the Federal Housing Financing Agency can also help lenders launch and expand financing programs for the construction of ADUs, manufactured homes, and the renovation of single-family homes. The FHA will also be investigating the Fannie Mae purchase of construction-to-permanent multi-family loans which would help fast track the development of multi-families, and lower the cost for builders.Affordable Housing CrisisAccording to Moody's Analytics, we need at least 1.5 million more homes to meet current demand. As you know, the housing gap grew during the Great Recession and was made worse by the pandemic. Because of this massive shortfall, housing expenses have gone sky-high, making homeownership unaffordable for many Americans. That's creating a bigger demand for rentals, which is great for investors, but rising rents are also becoming more of a burden on tenants.As reported by CNN, almost eight million Americans are spending at least half of their monthly income on housing. Anything over 30% is considered a burden. (2)CEO Buzz Roberts of the National Association of Affordable Housing Lenders says that today's homebuyers are really feeling the impact of inflation. He told HousingWire: “On the nightly news you hear about gas and groceries, and while those things are critically important, when trying to buy a house, inflation is really daunting.” He says: “If you get a higher mortgage rate, there's still some change you can refinance out, but the price (of the home) is baked in.” (3)Urgent and Comprehensive Action NeededThe National Association of Realtors is supporting this plan. NAR President Leslie Rouda Smith says that “urgent” and “comprehensive” action is needed to tackle the housing shortage problem. She says: “For too long, land use restrictions have driven up the cost of housing for too many.” (4)Support for the creation of ADUs and manufactured homes is a big part of the plan, and a potential opportunity for investors. You can read more about this topic by following links in the show notes at newsforinvestors.com.Also, please remember to hit the subscribe button, and leave a review! You can also join our real estate investor network for free at newsforinvestors.com. That gives you access to the Investor Portal where you'll find information on rental markets and sample property pro-formas. You can also connect with our experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.whitehouse.gov/briefing-room/statements-releases/2022/05/16/president-biden-announces-new-actions-to-ease-the-burden-of-housing-costs/ 2 -https://www.cnn.com/2022/05/16/politics/biden-administration-action-plan-affordable-housing/index.html3 -https://www.housingwire.com/articles/bidens-plan-to-fix-housing-supply-depends-on-congress/4 -https://magazine.realtor/daily-news/2022/05/17/biden-administration-takes-aim-at-america-s-housing-shortage

On today's episode,  HousingWire Senior Mortgage Reporter Georgia Kromrei is joined by Mortgage Reporter Maira Volkova. They talk about Julia Gordon's confirmation as the new FHA commissioner and what kinds of policies we should expect to see coming out of her office, including adjustments to servicing guidelines and potential reduction in premiums. HW Media Articles related to this episode:Julia Gordon confirmed as new FHA commissionerFHA Commissioner Julia Gordon gets to work CHLA and 41 IMBs urge the FHA to cut MI premiums

An FHA loan, also known as the Federal Housing Administration loan, have a lot of misconceptions and misinformation surrounding it–what they are and what they're not. In today's episode, I'm going to talk about everything you need to know about FHA loans so that you're well informed to make a good decision when the time comes and you need to get that loan to either refinance your current residence or buy a new home. If you need any assistance, feel free to reach out to me for a consultation through call or text directly through my line: 860-413-3938.

On today's episode, Editor in Chief Sarah Wheeler talks with Mortgage Reporter Maria Volkova about New York's attempt to limit the foreclosure timeline and how that could affect mortgage lenders, servicers and consumers if it passes. The two also discuss flood insurance and the recent findings by HUD's watchdog that the FHA insured thousands of mortgages in 2020 without the mandatory flood insurance coverage. HW Media articles related to this episode:NY bill would change statute of limitations on foreclosuresFHA backed $4.5B in mortgages without required flood insurance 

On today's episode, HousingWire Managing Editor James Kleimann sits down with Senior Mortgage Reporter Georgia Kromrei to talk about recent developments in the housing regulatory space, including what topics were at the forefront of discussion at The National Association of Hispanic Real Estate Professionals (NAHREP) conference this past week. They also talk about equitable housing finance plans for the GSEs and staffing issues in the Federal Housing Administration (FHA).HW Media Articles related to this episode:Hispanic homeownership held back by FHA borrower discrimination, survey saysFHA gets a budget boost to stem staff shortages. Is it enough?Gary Acosta on the policy path to Hispanic homeownership

On today's episode, Editor in Chief Sarah Wheeler talks with Chris Clow, editor of Reverse Mortgage Daily, about the increased complaints about reverse mortgages to the Consumer Financial Protection Bureau, the controversy over FHA's role in reverse servicing, and how reverse lender AAG has branched out with marketing through TikTok.

On today's episode, Editor in Chief Sarah Wheeler talks with Senior Mortgage Reporter Georgia Kromrei about the Fannie Mae executive that FHFA Director Mark Calabria wanted to give a $250K bonus to, and the feedback that consumer and mortgage industry leaders gave to FHA on its draft defect taxonomy.

In this episode, Lee Azus looks at the effect of Federal Housing Administration underwriting policies, Home Owners' Loan Corporation risk maps, also known as redlining maps, and racially restrictive covenant agreements, on communities like Ypsilanti. By focusing on policies and policy discussions at the federal, state, and local level, he is able to show how discriminatory housing practices can trickle down from Washington, to Lansing, all the way to Ypsilanti. For more information about this and other episodes of Ypsi Stories, including photos and bibliographies, check out ypsilibrary.org/ypsistories If you don't want to miss any future episodes, you can always subscribe on Apple Podcasts, Google Podcasts, Spotify, Stitcher, or wherever you find your podcasts! To keep up to date on this podcast, as well as all the great things the Ypsilanti District Library is doing, you can follow the library on Facebook, Instagram, Twitter, and YouTube, and of course, you can always check out our webpage at ypsilibrary.org

FHA - the Federal Housing Administration - www.HUD.gov - has increased the loan limits for 2022.   Hi again, everyone. Caeli here. Happy New Year to you, all. I just finished recording a video announcing the new conforming agency, a.k.a. Fannie/Freddie loan limits. I am now going to provide the FHA not to be confused with Fannie/Freddie loan limits as a quick distinction.     FHA and VA and USDA does "Govvie" as we call them in our industry, loan products only apply to owner occupied or primary residence transactions. And as we saw some increase to the conforming loan limits as it applied to Fannie/Freddie.As such, FHA has followed suit. So I have those numbers for you. The old FHA County loan limit baseline was at $365,362. I've got my cheat sheet over here. The new conforming loan limit for FHA is now $420,680.Just like the Fannie/Freddie loans, FHA does have high cost areas. Those are going to be Hawaii, California, Alaska, Connecticut, places like that. And those high cost areas are going to be for single family residence. All of what I've said so far is for single family residence.     The oldest $822,375, the new FHA high cost area loan limit is $970,800. Hopefully this is helpful to you. Those of you are looking to utilize FHA for your owner occupied transactions. We look forward to hearing from you and serving all of your lending needs.     Thanks for listening.Caeli Ridge

The food system does not serve everyone equally. Hunger is rooted in systems of inequity, including systemic and structural racism. Structural racism is at the root of hunger and the health disparities we see in the US today. In this episode, we'll talk to Suzanne Babb about the impacts of historical policies on the food security of communities of color. Suzanne is co-director of US programs at WhyHunger.org, New York. She is also an urban farmer and founding member of Black Urban Growers. Interview Summary   So Suzanne, could you start out by explaining to us the meaning of the term structural racism and how it impacts black indigenous in communities of color today?   - Sure. So I'm going to use a definition from Dr. Camara Jones, a public health researcher who talks about the impacts of racism on health. So she starts out by defining institutional racism, which is the systems of policies, practices, norms, and values that result in differential access to goods, services, and opportunities in society by race. So how that shows up is inherited disadvantage, in this case, Black, Indigenous, and people of color, and inherited advantage, and in this case, in the US it is white people who have that advantage. And the way that this gets manifested is in terms of material conditions and access to power. So we're looking at access to housing, education, employment opportunities, income inequality, different access to medical facilities, access to a clean environment, access to power through information, resources, and voice like in the media. So laying that out when we're talking about structural racism, structural racism is about how these policies and institutions act together to lead and produce barriers to opportunity and lead to racial disparity. So for example, we could take the mass incarceration of Black men and women. That is a relationship between the education system, the whole quote to prison pipeline between the criminal justice system and between the media that often perpetuates the myths about black people and criminality.   Thank you so much for laying that out for us so clearly. It's important to remember for us that the structures we have today are the result of our multitude of historical insults. What are some key historical flash points to keep in mind when we think about the relationship between hunger and the right to food?   I think there are two big ones that I can give in as an example as historical insults. The first one would be the dispossession and murder of Indigenous people in populations of their natural resources beginning in the 15th century. And then also the transatlantic slave trade where millions of West Africans were kidnapped, enslaved and shipped across the Atlantic Ocean, sold as chattel to do backbreaking labor from the middle of the 15th century to the end of the 19th century. And this is important because this is the beginning of where oppression and structural racism began for these groups of people, and that policies and practices have just been created and evolved to continue that oppression.   So over the last century there've been a number of policies or specific political acts that have shaped the US food system and negatively impacted the right to food for communities of color. I wonder if you can identify for us some of those key political actions.   Yes, so I'll identify three areas: the Social Security Act of 1935, several USDA farm policies with impact particularly on BIPOC farmers, and urban planning and neighborhoods; and the National Housing Act of 1934.   Let's now take each one of those policies one at a time, beginning with maybe the Social Security Act. Tell us a little bit about how that Social Security Act affected the food security of communities of color?   So the Social Security Act was created to protect Americans by providing folks in their old age, survivors and folks who have been disabled insurance; so payment in those times when they're no longer able to work. But what happened was during that time, it excluded domestic and agricultural workers. And 60% of the Black labor force were domestic and agricultural workers. That was completely intentional. Then domestic workers were included in 1950 and agricultural workers were included in 1954. But that left out a generation of people who couldn't accumulate family wealth or couldn't get their basic needs met during that time when they could no longer work because of age or disability. And so if they had hunger or food insecurity already because they probably weren't earning enough money, that was further perpetuated by not being able to access social security.   So the Social Security Act created into generational sort of oppression, increasing the combined food insecurity for communities of color. Now, I wonder how the USDA farm policies also operated as structures of racism?   If we look at the way in which the USDA gives out subsidies, for many decades, they have given out billions of federal subsidies to companies and large scale farms that produce corn syrup, high fructose corn syrup, corn starch, and soy. And we may know now that a lot of those products end up in food, and they help to perpetuate chronic health diseases. And so these processed foods end up in neighborhoods of color and poor neighborhoods at a higher proportion than white wealthy neighborhoods. So not only are we impacting farmers, we're impacting the health of the communities in which receive the end product of this. Now most farmers of color usually farm what's called specialty crops, which is fruits and vegetables and livestock. These types of crops are not eligible for the commodity programs and receive way less government support. And even when you look at the support that they do get, there is some racial discrimination there. So for example, the Haas Institute said that white farmers that grow specialty crops receive a payment of about $10,000 per farm, while Black farmers receive an average of about $5,000 per farm.   So not only are communities of color restricted in buying food, but also heavily restricted in growing their own food through these political actions. Now, when it comes to urban planning, can you talk to us a little bit about the impact that urban planning policies have on neighborhoods and communities?   So I'll talk about the National Housing Act 1934, which was implemented by the Federal Housing Administration. And the purpose of this was to promote home ownership and launch many Americans into the middle class. The FHA provided loans to people so that they could purchase houses, but many people of color were largely left out. In fact, about 2% of these FHA loans were made to nonwhite buyers. What the FHA did was they gave certain neighborhoods different credit ratings. And often what they would do is if you were a suburban or a white neighborhood, you got a higher credit rating than a more ethnically diverse or economically unstable neighborhood, which tended to get lower credit ratings; which made them seem more risky and they had less chance of getting loans. Now we know home ownership is how people get launched into middle class and are able to accumulate generational wealth. So the inability to do this left people of color without that ability to accumulate generational wealth. And this policy also has four major ways in that it impacted people's lives. So because a lot of the folks who received the loans were then moving into the suburbs and out of the cities, many policies favored building roads and highways into these new suburbs and then drove divestment away from public transportation in cities, which people in the cities, mostly people of color needed to get to jobs and to grocery stores. The relocation of homeowners also meant that they drove out grocers and other retail operations into the suburbs, and that people lost access to employment and also lost access to good places to get food. Local farmland was also lost because of the creation of these new suburbs. So you had to go even further out for folks to be able to get access to good fresh food in the city. And then also they lost a strong property tax base, which led to a decline in public school investment, which included quality school food programs.   Thank you for laying that out so clearly for us. I think it really gives us a sense of how these structures of racism operate almost in invisible ways to reduce the power and food security of communities of color. To end with, I'd like to ask you a question about power in communities of color. What are some ways in which black indigenous and people of color are pushing back against these structures of racism?   There's so many different ways! As we said at the beginning, institutional racism and structural racism are about policies and practices. And so BIPOC communities are taking action in those same ways. So if we're looking right now at critical policies, folks are really lifting up the emergency relief for BIPOC farmers, act that came out of the American Rescue Plan, and the legislation that has been presented around justice for Black farmers. There's also been a really big movement towards connecting to land. There's the Land Back movement, which is a movement organizing to get indigenous land back in the hands of indigenous people and communities. And a lot of folks are bringing up again reparations, which is recognizing the centuries of the government and corporations profiting off of the harm that they've inflicted on black people. But if we're looking particularly at food sovereignty, some of the ways that BIPOC folks are building power is through healing that connection to the land. And a lot of that looks through buying the land and stewarding that land communally and cooperatively. It's looking at more people going back to farming, to foraging, to hunting in the ways of their ancestors and honoring those practices and knowledge. It looks like seed saving. It looks like many people growing herbal medicine and using those practices because of the differential access to health care that folks have. It looks like defending the rights of mother earth, defending the land and water and see if you've seen many defenses against pipelines by indigenous communities. And it also, I think more importantly, all of these are part of looking at different economic structures that are not exploitative or extractive. You know, really looking at solidarity economies and things like just transition.   Bio:   Suzanne Babb is Director of US Programs, Nourish Network for the Right to Food. Suzanne works in collaboration with partners to transform the emergency food system from one rooted in charity to one rooted in justice and to build solidarity between emergency food providers and food justice organizations. Through participation in local and national level strategic partnerships, Suzanne helps to create space and facilitate dialogue around the systemic inequities that cause hunger and poverty. Originally from Montreal, Quebec, Canada Suzanne has many years of experience working on community development projects within the English-speaking Black community of Montreal on issues of education, employment and health. Prior to joining WhyHunger, Suzanne was the Community Outreach Coordinator for the Get Healthy Harlem website at the Harlem Health Promotion Center. Suzanne is a member of Black Urban Growers, an organization of volunteers committed to building community support for urban and rural growers and nurturing collective Black leadership, and an urban farmer at La Finca del Sur Urban Farm, a Black and Latina women led farm, in the South Bronx. She holds a BS from Concordia University and an MPH from Columbia University.    

Today we interview Bill Cave and he breaks down the myths about HECM/Reverse Mortgages. In the early 1960s, when reverse mortgage loans were first introduced, they did not have any government programs backing it. It wasn't until 1983 when the Senate approved the proposal of having the Federal Housing Administration (FHA) to insure reverse mortgages. The Federal Housing Administration has been guaranteeing HECM mortgages ever since it was passed into law in 1988 by President Reagan. Since then FHA and HUD have made many amendments to the program to improve consumer protections. It is our job to give you the best education available with the most up-to-date facts so you can make a bright and educated decision. Our Reverse Mortgage Planners are well trained and very experienced with a variety of senior, real estate, and retirement issues so you can feel much more secure about making a decision with one of your most valuable assets: your home. Some of the most common myths that we hear are below. Most, but not all, reverse mortgages today are federally insured through the Federal Housing Administration's Home Equity Conversion Mortgage (HECM) Program. This blog talks about HECM loans only. #1 MYTH: I could lose my house and be forced to move. FACT: As long as all loan terms are met, you cannot be forced to sell the home and move. Terms include living in the house as your primary residence, maintaining the home, and paying home expenses such as taxes and insurance. Some circumstances will cause the loan to mature and the balance to become due and payable. Credit is subject to age, property and some limited debt qualifications. Program rates, fees, terms, and conditions are not available in all states and subject to change #2 MYTH: Your home will be taken away when you pass away, and the family loses the right to the property. FACT: When you permanently move out of the home, whether you sell it or pass away, neither you, your estate nor your heirs are responsible for paying the deficit if the balance owed on your reverse mortgage exceeds the home value. However, should your heirs want to keep your home, they may purchase it for 95% of the current appraised value. * #3 MYTH: Your house must be debt-free to qualify for a reverse mortgage. FACT: The amount of money you qualify for a reverse mortgage varies based on the down payment you will need to bring to closing (ranges from 30 – 74%), which will be determined based on your age, or age of non-borrowing spouse, if applicable, current interest rates and the sales price (or appraised value, whichever is less) of the home you are buying. You must live in the house as your primary residence (live there 6+ months per year). Some income, property, and credit qualifications apply to ensure you can pay taxes and insurance and maintain the home. #4 MYTH: The safest thing is a house “free and clear.” FACT: In the event of an extended nursing home stay or a lawsuit, all your home equity can be lost that you spent your whole life to create. A reverse mortgage loan can unlock that equity and allow you to manage it for the benefit of your family properly. Talk to your financial advisor about how a reverse mortgage can help you do this, including helping you pay for longer-term expenses such as medical and nursing home expenses. Learn more by contacting Bill Cave directly at 623-341-6334 are at Bill.Cave@FairwayMC.com www.FairwayReverseAZ.com Favorite Charity: https://alzfdn.org/ --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/realestatenowpros/message

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with House passage of a disaster relief bill that includes $2.2 billion in community development block grant-disaster recovery funding [2:23]. He also has news about an opportunity zones reporting bill [4:07] and legislation to replace current renewable energy tax credits with new technology-neutral credits [5:49]. He also talks about a hot topic that affects housing finance agencies, low-income housing tax credit property owners, and likely, the tenants of those properties [6:56]. He also has brief news from HUD on eligibility for housing assistance and guidance on calculating the over-income limit for public housing. Then, he touches on opportunity zones news related to a Freddie Mac report and to Federal Housing Administration affordable housing incentives. After that, he will have updates from various states relating to state LIHTCs, historic tax credits and linking state incentives with federal opportunity zones [10:04].

In this interview David Lykken talks with David Stevens and Jim Parrott about their perspective about what can be expected from Calabria's leadership as he enters the Federal Housing Finance Agency. If you haven't read the article written by Jim Parrott, be sure to do that, it's a great article. Here's how the article by Jim starts: The most important question in housing policy heading into the new year has nothing to do with interest rates, housing supply, or home sales. It's what kind of director of the Federal Housing Finance Agency (FHFA) Mark Calabria will be. The article goes on to detail how Calabria could reduce Fannie and Freddie's footprint: In reducing Fannie and Freddie's footprint, he would have four levers to choose from: loan limits, pricing, loan products, and the credit box. The challenge would be finding a combination that constrains Fannie and Freddie's footprint without pushing the lost lending either over to the Federal Housing Administration, which would simply move taxpayer risk from one government pocket to another, or out of the market altogether, which would be too economically disruptive. If you're in the mortgage industry, this is one of those must-read articles. Be sure to pass it along to any of your colleagues. Read more... In this interview David Lykken talks with David Stevens and Jim Parrott about their perspective about what can be expected from Calabria's leadership as he enters the Federal Housing Finance Agency. If you haven't read the article written by Jim Parrott, be sure to do that, it's a great article. Here's how the article by Jim starts: The most important question in housing policy heading into the new year has nothing to do with interest rates, housing supply, or home sales. It's what kind of director of the Federal Housing Finance Agency (FHFA) Mark Calabria will be. The article goes on to detail how Calabria could reduce Fannie and Freddie's footprint: In reducing Fannie and Freddie's footprint, he would have four levers to choose from: loan limits, pricing, loan products, and the credit box. The challenge would be finding a combination that constrains Fannie and Freddie's footprint without pushing the lost lending either over to the Federal Housing Administration, which would simply move taxpayer risk from one government pocket to another, or out of the market altogether, which would be too economically disruptive. If you're in the mortgage industry, this is one of those must-read articles. Be sure to pass it along to any of your colleagues. Read more...

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, talks about Brian Montgomery's confirmation as Federal Housing Administration commissioner [2:15]. He also shares details about the recently enacted banking regulatory reform bill (S. 2155) [3:50], about a recent hearing on reforming Fannie Mae and Freddie Mac [5:26], and shares information on a fiscal year 2019 financial services appropriations bill [7:07]. After that, he discusses some important news about the new markets tax credit allocation electronic application. And from there, he provides information about a couple of Financial Services Committee bills and about HUD Capital Fund allocations. He closes with an update on Colorado's state low-income housing tax credit [8:26].

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about President Donald Trump's nominees for two key posts: the Assistant Secretary of the Treasury for Tax Policy and the commissioner of the Federal Housing Administration. He also discusses when to expect the Congressional Budget Office and Joint Committee on Taxation to release its updated cost estimate for the American Health Care Act'and how that affects tax reform efforts. After that, he shares information about this week's House Ways and Means Committee hearing on tax reform.' In low-income housing tax credit news, he discusses the Federal Housing Finance Agency's two recent announcements concerning the role of Fannie Mae and Freddie Mac in the low-income housing tax credit market. After that, he shares news from the California Debt Limit Allocation Committee on its meeting date to discuss tax-exempt bond allocations. He closes out with historic tax credit news where he provides listeners with an update on Alabama H.B. 345, legislation to extend the Alabama state historic tax credit

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section with news about Treasury Secretary nominee Steven Mnuchin's highly anticipated Senate confirmation hearing last week. In low-income housing tax credit news, he talks about the state of the low-income housing tax credit equity market and what states like Ohio are doing to fill the equity shortfall. He also discusses implementation of the Housing Opportunity through Modernization Act of 2016 and expansion of HUD's Moving to Work program. He outlines President Donald Trump's suspension of a decrease in the Federal Housing Administration's mortgage insurance premium. He then talks about the 2017 poverty guidelines released by the Department of Health and Human Services, which allow HUD to calculate its income limits. In new markets tax credit news, he discusses the latest qualified equity investment issuance report and the fiscal year 2017 rounds of the CDFI program and Native CDFI program. In renewable energy tax credit news, he discusses Marathon Capital's report, "U.S. Federal Corporate Tax Reform: Potential Impact on U.S. Renewable Energy Financing." Then, he details New Mexico's recently introduced solar investment tax credit bill, HB 82.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off this week's podcast with the general news section, where he talks about the planned release of the president's fiscal year 2017 budget proposal and what hearings will be held this week to discuss the president's plan. Then, he discusses the Federal Housing Administration's first update of its Multifamily Accelerated Processing, or MAP, Guide since 2011. In the low-income housing tax credit section, he provides details on federal legislation that would make a number of reforms to the housing choice voucher and project-based voucher programs. Then, he discusses how HUD may address the issue of providing public housing to families whose incomes rise significantly above initial limits. In new markets tax credit news, he talks about the opening of the fiscal year 2016 funding round of the Capital Magnet Fund and he shares information about the CDFI Bond Guarantee program. Also in the new markets tax credit section, he shares the amount of qualified equity investment issued in the past month. Then in the historic tax credit section, he talks about report findings on the value of the state historic tax credit in Alabama and about the efforts to renew the program for another seven years. He closes out with renewable energy tax credit news where he discusses a legislative change to North Dakota's wind energy tax credit that could greatly benefit developers.'

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, he begins with a look at the congressional agenda, and what might be expected, for the rest of the year. In new markets tax credit news, he discusses two reports on the New Markets Tax Credit program that were released last week, a webinar that the Community Development Financial Institutions Fund held on the CIMS3 and a request for reviewers for the 2014 application round. In lowincome housing tax credit news, he alerts listeners to the U.S. Department of Housing and Urban Development's release of its proposed fiscal year 2015 fair market rents and to Carol Galante's stepping down from the Federal Housing Administration. In renewable energy tax credit news, he shares information about recent guidance that the Internal Revenue Service released about the start of construction for investment and production tax credit projects. In historic tax credit news segment, he shares the names of the winners of the 2014 Novogradac Historic Rehabilitation awards.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the federal government shutdown and its effects on tax credit programs and the U.S. Department of Housing and Urban Development programs. In renewable energy news, he shares new guidance from the Internal Revenue Service on "begin-construction" requirements for the production tax credit and a recent transaction spurred by the credit's extension; he also alerts listeners to an upcoming hearing about the credit. In low-income housing tax credit news, he covers a federal subsidy that the Federal Housing Administration will be taking and the fiscal year 2014 mortgage insurance premiums. In new markets tax credit news, he alerts listeners to a new program extension support letter that is being circulated in the House of Representatives. In historic tax credit news, he shares the findings of a study on the use of historic tax credits in predominantly African-American neighborhoods and the opening of the Alabama historic tax credit program's first application round.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, encourages listeners to sign on to organizational support letters for the low-income housing tax credit and new markets tax credit. In low-income housing tax credit news, he alerts listeners to a survey on the LIHTC program that the Community Development Department at the Federal Reserve Bank of St. Louis is conducting and to the Federal Housing Administration's recently announced priorities for its remaining fiscal year 2013 multifamily commitment authority. In new markets tax credit news, he shares the recipients of the fourth round of the state's new markets tax credits and he encourages the public to provide input to the NMTC Working Group. In historic tax credit news, he reports additional support for The Rural Heritage Conservation Act of 2013 (S. 526) and he reminds listeners to nominate projects for the Journal of Tax Credits Historic Rehabilitation Awards.