Market Overview

Single- And Multifamily Mortgage Insurance Key to Housing Recovery


The single- and multifamily mortgage insurance programs, which provide safe, affordable credit to qualified buyers, are important for the housing recovery and the real estate industry as a whole.


That was the consensus amongst realtors during the 80th anniversary the Federal Housing Administration held at the White House. National Association of Realtors® President Steve Brown joined distinguished speakers on the second panel to emphasize the significance of FHA-backed loans to the real estate market and housing recovery.


"As the leading advocate for homeownership, NAR has always supported FHA's single- and multifamily mortgage insurance programs, which provide safe, affordable credit to qualified buyers," said Brown, co-owner of Irongate, Inc. Realtors  in Dayton, Ohio.


During the economic downturn, when private capital fled the housing market, FHA made it possible for many families to purchase homes. "During the depths of the Great Recession, at least half of my clients relied on FHA-backed loans because of extremely tight credit conditions," said Brown. "Even today, FHA-backed loans are 30 percent of my book. FHA continues to make a real difference in people's lives. Without this program, many creditworthy individuals wouldn't be able to enter the market."


According to Brown, the current housing recovery would not have happened if FHA had not been there when times were tough. Like other holders of mortgage risk during the downturn, FHA suffered financial losses as a result of market conditions and foreclosures, but the agency is back on track to regain financial solvency.


"FHA is in a position to reduce its record-high mortgage insurance premiums, which now make up nearly 20 percent of a monthly mortgage payment," said Brown. Last month, NAR urged FHA to decrease burdensome fees and eliminate the requirement that mortgage insurance be held for the life of the loan.


Brown also suggested additional policy changes that would ensure credit-worthy, low-down payment borrowers have access to homeownership, including easing the condo certification process and providing FHA with the flexibility to change program requirements when necessary to protect the fund.


Homebuyers who are looking for low down payment mortgage can take advantage of the technology offered by Realbiz Media Group, Inc. (OTCQB: RBIZ) particularly its patented “shoot-and-stitch” technology, which is the foundation of the company’s virtual tour software, was initially used in Kodak and Pentax digital cameras.


The company’s mission is to empower agents with the right video marketing tools as homebuyer’s online shopping habits evolve. The company manages to achieve this through its roster of disruptive video technologies such as video content management system Microvideo App, its website-based marketing tool NestBuilder Agent, and its mobile video app called EzFlix.

The Microvideo App is a platform targeted at brokerage firms allowing brokers and their agents to collaborate in creating listing video microsites and executing marketing campaigns.


Nestbuilder Agent is a tool that is accessible through listing site and allows agents to create professional agent profilesand virtual tours out of listing photos. These tours can be shared automatically to the agent’s network through social media platforms and email.

EzFlix is a smartphone app that allows agents to create, edit, and share their property videos through their tablets or mobile phones. It appears like a social network and is easy to use with drag and drop functionalities, and a timeline that keep all agents’ listing photos and videos in one place.


 “It is gratifying to see our services being adopted by key players in the real estate industry,” said Realbiz Media CEO William Kerby.


Realbiz Media Group, Inc.’s (OTCQB: RBIZ)creates virtual tour and video technologies for real estate agents., which serves home to 1.6 million video listings and virtual tours, is one example of a website that uses Realbiz Media’s virtual tour and video marketing platform. Agents using simply have to record a video or use listing photos to create a virtual tourof a property, upload it to the site, and share it on social media platforms in real time for potential clients to see.


RealBiz Media also runs a digital video network. For more information on the company, please call this toll free number: 1.888.REAL.BIZ (888.732.5249) or email at

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.


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