Multifamily Underwriting Basics with Andrea Garcia @ May 4, 2024 @ 4PM EST

Multifamily Underwriting Basics Saturday, May 4, 2024 @ 4PM EST   Guest Speaker Andrea Garcia - Multifamily Underwriting Basics with JJ Azizian Sign up for JJ's Mastermind Networking:https://docs.google.com/forms/d/e/1FAIpQLScjh1_AOA_Co7i5jxwzmqp1Yj1DV1tymrn5znKymzVgvtOGow/viewform   https://jjazizian.com https://www.instagram.com/jj.azizian https://www.youtube.com/c/FlipsideUpWithJJ      

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"Explain It with Caroline & Ingryd: Matthew Bell Mortgage, Subto, and LENDING to win"

  "Are you focused on creative deals but are constantly receiving an objection regarding their DTI (debt to income ratio) so even though they want to sell subject to or on seller financing / carryback, they are hesitant to move forward if it impedes their ability to buy their next home. Matthew Bell will need to be your go to lender for these types of transaction needs! With more than 20 year of management, underwriting and origination experience, Matt is the go to lender!   Need some resources: https://linktr.ee/ingrydh"   Follow us on instagram: Bellgroupcmg Ingryd_Hernandez TheCarolineCain Join Facebook our group:   / explainitwithcarolineandingryd 

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Hunter Thompson: "Could The Fed Lower Rates WITHOUT A Recession?"

  Source: https://cashflowconnections.com/could-the-fed-lower-rates-without-a-recession-e841-cfc   "Crazy things are happening in the economy… Interest rates were raised faster than they have been in 40 years… Even though the growth rate of inflation is going down… And the Fed has already forecasted recession, twice in the past two years! To get a better sense of where we’re moving as an economy and what it means for real estate… I interviewed Logan Mohtashami, the lead analyst at HousingWire, to get his insights into the current state of the housing market, the economic factors at play, and what it means for your investments. We even get his predictions on when the Fed might plan to reduce interest rates…and whether we are moving toward a recession. Logan has been tracking economic and housing data for over 14 years…and providing the latest up-to-date housing trends through a tracker article on HousingWire. The current economic scenario is different… The housing market is still expanding, the stock market is recovering, and the credit markets are stable. Labor dynamics are also different this time…as a generation retires and leaves the workforce every day, keeping the job market and demand for labor intact. Logan ties all these factors together to show the direction we’re moving in and how that will impact the upcoming Fed’s decisions. Tune in to today’s episode to hear what that means for your investments, buy-in rates, and business going forward! Take Control,Hunter Thompson   Resources mentioned in the episode: Logan Mohtashami: Website Podcast Instagram   Interested in investing with Asym Capital? Check out our webinar. Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital? Check out our new FREE webinar –  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register. CFC Podcast Facebook Group"

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Fannie Mae and Freddie Mac guidelines clarify how buyers can work their buyer agent’s fee into the purchase loan!

  "GSEs will not count buyer agent commissions in cap on seller concessions" "Fannie Mae and Freddie Mac issued guidance on Monday, echoing sentiments already shared by FHA Commissioner Julia Gordon April 15, 2024, 4:40 pm By Brooklee Han Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees. Based on the selling guides in use by the GSEs, property sellers are allowed to make financing concessions toward the borrower’s closing costs at a maximum amount of 2% to 9% of the property value. In their guidance issued on Monday, the GSEs note that “fees or costs customarily paid by the property seller according to local convention are not subject to these financing concessions limits.” “Buyer agent fees have historically been fees customarily paid by the property seller or property seller’s real estate agent, and, as such, they are currently excluded from these financing concession limits,” according to the statement from Freddie Mac. Moving forward, the GSEs say that if these fees continue to be “customarily paid by the property seller according to local convention, they will not be subject to financing concessions limits.” These clarifications come after the National Association of Realtors (NAR) reached a nationwide settlement agreement with the plaintiffs in the commission lawsuits. If the settlement is approved by the court, although agents and home sellers will not be able to list offers of compensation on the MLS, home sellers may still offer to cover the buyer’s agent fees if they so choose. In late March, NAR and the Mortgage Bankers Association (MBA) sent a letter to Federal Housing Finance Agency (FHFA) director Sandra Thompson, Fannie Mae CEO Priscilla Almodovar, Freddie Mac CEO Michael DeVito, and Federal Housing Administration (FHA) Commissioner Julia Gordon asking for the officials to confirm their treatment of IPCs to home purchase transactions. On a recent episode of NextHome CEO James Dwiggins and chief strategy officer Keith Robinson’s podcast “Real Estate Insiders Unfiltered,” NAR president Kevin Sears announced that he received confirmation from Gordon that, per FHA policy, if sellers continue to pay buyer broker commissions and fees as a manner of state and local laws or customs, and if these expenses are reasonable in amount, the existing policy would not treat those payments as interested party contributions. NAR has also reached out to the U.S. Department of Veterans Affairs seeking similar guidance on VA loans, but Sears said that letter remains unanswered. Despite this, NAR was glad to see the news from the GSEs. “NAR is pleased to see that our letter in collaboration with the Mortgage Bankers Association (MBA) regarding the Interested Party Contributions (IPCs) garnered a timely response from Fannie Mae and Freddie Mac,” Mantill Williams, NAR’s vice president of communications, wrote in an email. The Community Home Lenders Association (CHLA) expressed support for the GSEs’ announcement. ”CHLA appreciates Fannie Mae’s clarification today that seller payment of buyer realtor commissions will not be counted towards seller concession caps,” a spokesperson wrote in an email. “CHLA wrote Fannie Mae, along with all of the federal mortgage program regulators, in December to ask for exactly this type of action to protect first time homebuyers in the wake of emerging realtor lawsuits which may shift the responsibility to buy a buyer’s broker from the seller to the buyer.” The American Real Estate Association (AREA), a startup trade organization, also was pleased by Monday’s announcement. “Today’s statement regarding seller commission compensation was well-received,” wrote Jason Haber, the co-founder of AREA. “Next, we hope Fannie will provide a similar framework for buyers. Will buyer payments for their own professional services count against the IPC cap? That remains an open question at this time.” " Source: https://www.housingwire.com/articles/gses-will-not-count-buyer-agent-commissions-as-ipcs#realestate #narlawsuit #narsettlement #realestate #bostonma #massachusettsliving #buyeragent #buyahouse #karinademurchyan #mybostonrealtorkarina  

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