article thumbnail

ATTOM: Share of Properties That Are ‘Equity Rich’ Decreased in Q1

Appraisal Buzz

By “equity-rich” ATTOM means that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. It’s too early to make any broad statements about the market direction, especially coming off the typically slower fall and winter months,” Barber adds.

article thumbnail

Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition. We have considered the acquisition of vacant land, financing that purchase; and complying with legal standards.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HousingWire Annual: CoreLogic says climate change should be factored into financial analytics

Housing Wire

For example, if a property is exposed to high climate risk, its market value may decline. Department of Housing and Urban Development (HUD), the Federal Housing Finance Agency (FHFA) and Federal Housing Administration (FHA), which might enforce similar requirements.

article thumbnail

Real estate on the ballot: Here’s what passed at the state level

Housing Wire

Several state-level real estate initiatives and urban development policies were voted on in the Nov. The “yes” vote also means that inherited homes not used as principal residences may be reassessed at market value when transferred. People 55 years or older with disabilities can also transfer their tax assessments.

article thumbnail

Opinion: Pass the Neighborhood Homes Investment Act

Housing Wire

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. Homeowners will secure mortgages to finance their homes which can then be used as comparable sales for financing of nearby homes.

Investing 450
article thumbnail

LoanDepot files paperwork to go public in 2021

Housing Wire

LoanDepot , backed by private equity firm Parthenon Capital Partners, first announced plans to go public in September 2015 but canceled the IPO just hours before pricing, citing adverse “market conditions.” At the time, LoanDepot had sought a market value of $2.4 billion to $2.6 LoanDepot posted net income of $1.47

Retail 502
article thumbnail

Smaller nonbanks facing “come to Jesus moment” as MSR values dip 

Housing Wire

Driving home the concern over MSR pricing declines is a recent advisory bulletin issued by the Federal Housing Finance Agency (FHFA), which overseas Fannie Mae and Freddie Mac. ” He added that the MSR market, according to his firm’s projections, is expected to grow by an additional $1 trillion UPB by 2025.

Sellers 306