COMMISSION CONCESSIONS WON’T COUNT AGAINST CAPS, SAY GSEs
The mortgage giants say commission concessions for buyer agents won't count towards IPCs (allowable interested party contributions, or concession caps as they're commonly known),. Freddie and Fannie are Government-Sponsored Enterprises (GSEs) with a vested interest...
AGENT COMMISSION AND DC HOME BUYERS
DC Home Buyers And New Commission Rules | What’s important to understand and how to apply new rules to your DC real estate search.
INVESTING IN DC REAL ESTATE
DC real estate investment generates cash flow, builds equity and provides leverage for new acquisitions. From ‘House Hacking’ to Multifamily, here’s how.
2024 PROPOSED FinCEN REAL ESTATE RULE
The proposed rule affects certain entities and trustsOn February 16, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking titled Anti-Money Laundering Regulations for Residential Real Estate Transfers. This proposed rule...
IT’S TIME, DC BUYERS
Timing is key to opportunity, and the time is now.Prices are down across the board, days on market are up, and so's inventory. How much better do you think the market is going to get before the Fed starts cutting rates and DC returns to a cutthroat seller's bonanza?...
RATES: WORD ON THE STREET
Hopes for early 2024 interest rate cuts fade with January data releases"The housing market matters, if for no other reason than it's the primary source of U.S. household wealth, regardless of income or status.Mortgage rates remain the principal driver of housing...
2024 CONFORMING LOAN LIMITS
Fannie Mae and Freddie Mac are restricted by law to purchasing single-family mortgages with origination balances below a specific amount, known as the “conforming loan limit” (CLL) value. Loans above this limit are termed 'jumbo loans.' Effective for Mortgages...
2023: THE WASHINGTON DC BUYER’S MARKET THAT WASN’T
DC Home Buyers Priced Out Of Market Created By The Fed The Fed giveth and the Fed taketh away. Data tells us that the 2023 Washington DC real estate market offered a rare easing of conditions for home buyers due to rising interest rates, but few benefitted because of...
FHA AND ACCESSORY DWELLING INCOME
The U.S. Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA) rolled out a new policy in late October expanding accessing to FHA mortgage financing for homes that include Accessory Dwelling Units (ADU). Lenders may now consider...