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Washington state church converts some of its properties into affordable housing
A church in the city of Tacoma, Washington, has converted two of its properties into 60 affordable housing units.
Fannie Mae partners with Palantir to detect, prevent mortgage fraud
Fannie Mae CEO Priscilla Almodovar said that the GSE will prioritize occupancy fraud detection for multifamily properties.
UWM will offer 5/1 ARMs for FHA and VA loans
The 5/1 option provides a fixed interest rate for the first five years, after which the rate adjusts annually based on market conditions.
How AI implementation could impact the mortgage industry
It will take time to fully implement AI in the mortgage industry, but the practical uses could be well worth the wait.
Fix-and-flip investors are filling in the gaps in some housing markets: report
About 80% of real estate investors surveyed are selling single-family homes at or above asking price after fully renovating the properties to make them habitable, according to real estate marketplace New Western.
New home sales rose 12% in May
Census data on new home sales in May 2023 rose 12.2% from April 2023, continuing a three-months growth spurt.
