Renovation
Changes include increase to allowable loan amount, rehabilitation time
Nearly 30% decrease in homes flipped from the year prior, ATTOM reports.
Changes would increase thresholds, completion deadlines
'They’re looking to decimate the industry without realizing the result of that decimation': Nema Daghbandan, a partner in Geraci LLP, said.
The Real Estate Finance Business is changing in 2022. Renovation mortgage lending is a necessary tool in any mortgage broker’s purchase lending tool belt.
This marks the largest annual decrease in profit margins since early 2009 when the housing market crashed.
48% of investors believe that the investment market is worse or much worse than it was one year ago.
Knowledgeable Investors Have The Advantage Over Newbies In Pandemic Housing Market
Freddie Mac sees it. The Harvard Joint Center recognizes it. And at least one giant bank is on to it, too. The question is: Are you?