Monday, September 11, 2017

Warehouse Advice for Loans in Disaster Areas; Market Exec on Borrower Expectations

Posted To: Pipeline Press

Builder chatter? Builders in Texas, Louisiana, and Florida now have a choice: build new homes or help repair existing stock. Labor will be in short supply, as will materials. What about land? Prior to the hurricanes, after a successful spring selling season, builders planned ahead to fill their land pipelines in 2018. Flood, Hurricane, Disaster Updates - Funded Unsold Loans on the Warehouse? The National Flood Insurance Program is set to expire in 19 days. What will Congress do about it? In July, the National Association of Realtors announced it had reached an agreement with the U.S. House Financial Services Committee on key legislation to reauthorize and reform the NFIP with important modifications to retain grandfathering and reduce rate increases . But that was two months ago. The industry...(read more)
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from Mortgage News Daily http://ift.tt/2gYxtgj

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