Housing Wire

JANUARY 11, 2021

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

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Housing Wire

JANUARY 27, 2021

It is now the second-largest retail-focused independent mortgage bank in America, and the fifth largest overall retail originator, according to Inside Mortgage Finance. At the time, LoanDepot had sought a market value of $2.4 The lender generated $3.4 billion in revenue in the 12 months that ended Sept. billion to $2.6

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Appraisal Buzz

SEPTEMBER 26, 2022

The “official unofficial” government-related loan definition of market value is clear. Also part of the definition: Reasonable market exposure time. Unaffected by special or creative financing or sales concessions granted by anyone associated with the sale” . Let’s pretend market value is market value.

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Housing Wire

OCTOBER 11, 2023

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.

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Housing Wire

MARCH 1, 2023

“Having the most up-to-date market information at your fingertips is crucial for lenders to effectively communicate and engage with consumers to help educate them on financing options available when purchasing a home,” said Josh Lehr , senior director of partnerships and industry technology at Total Expert.

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Housing Wire

JUNE 1, 2021

a company with a market value of nearly $700 billion. The daughter of a real estate agent, Budnick first went into finance, working with Bank of America. BHHS is a separate entity from the HomeServices of America brokerage , though that brokerage’s CEO, Gino Blefari, also serves as board of chairman for BHHS.

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Housing Wire

NOVEMBER 10, 2020

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. Colorado: Amendment B passes. Nebraska: Amendment 2 passes. New Jersey: Public Question 2 passes.

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Real Estate Property Taxes Renovations Development 476

Housing Wire

NOVEMBER 23, 2021

Neighborhood Homes is a practical solution for communities in which the cost of renovating or building a home exceeds its market value after the work is complete. Homeowners will secure mortgages to finance their homes which can then be used as comparable sales for financing of nearby homes.

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Investing Renovations Construction Development 476

Housing Wire

NOVEMBER 29, 2023

Without a new recorded deed, surviving relatives may struggle to make important decisions or take actions related to the home, such as financing or transferring the property or accessing emergency aid from the government or nonprofits. The UPHPA has been signed into law in 23 states and introduced in seven others.

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Housing Wire

MARCH 11, 2022

. “Expectations related to rising short-term interest rates, as expressed in the two and three year swap rates have resulted in concerns over extension risk and more expensive structured financing terms,” he said. ” In total, Impac posted a net profit in the fourth quarter of $3.6

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Mortgage Finance Market Value Business 370

Housing Wire

DECEMBER 10, 2021

In the world of mortgage-financing, there exists a product line defined by what it is not — non-qualified mortgage (non-QM), non-prime, non-agency or an alternative-documentation loan. So far this year, the company has brought seven non-QM private-label deals to market valued at nearly $2.5 We just see tremendous opportunity.”.

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Housing Wire

AUGUST 11, 2022

Its earnings report shows that it added a new $340 million warehouse financing facility during the second quarter and since the end of the quarter it increased the capacity of an existing warehouse line by $260 million — to a total of $600 million. Redwood, too, is ensuring it has adequate liquidity to ride out the rough patch in the market.

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Housing Wire

JULY 6, 2022

The five-year notes bear an interest rate of 4.19% above the 30-day average Secured Overnight Financing Rate, or SOFR, according to the SEC document. The bond-rating reports for both offerings indicate that the agency MSRs serving as collateral do entail some risk.

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Housing Wire

JULY 8, 2024

That has complicated the issues around ownership of the home according to the child of those buyers, who said that interest accumulation on the loan has potentially outpaced its market value.

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Mortgage Design Architecture Market Value 430

George Dell

MARCH 24, 2021

Loan conditions have nothing to do with ‘financing’ adjustments as we know them! So how might loan conditions affect “market value”? Financing conditions are often related to motivation in sale […]. Is there bias in the American Dream? Do we need a “loan conditions” adjustment? Read Part 2 here. One is local.

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Loan Conditions Market Value Finance Marketing 195

Housing Wire

DECEMBER 5, 2023

This ensures their bundle retains its credit rating and market value. If too many mortgages default, the MBS can lose significant value. By cutting risk through data and automation, these innovations allow for mortgage market growth, fueling a win-win for both lenders and everyday borrowers seeking to purchase homes.

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Technology Mortgage Investors Lending 459

McKissock

DECEMBER 14, 2021

The standard residential appraisal report form’s definition of Market Value states in part: “ Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated…”. “the

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Market Value Marketing Property Appraisal Appraisal 80

Cleveland Appraisal Blog

NOVEMBER 11, 2021

One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. My opinion of value – $345,000. What is the Market Value in ‘Market Value’?

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Valuation Market Value Appraisal Real Estate 369

Appraisal Partners Blog

MARCH 12, 2025

FHA appraisals have two main objectives: Determine Market Value: Like all appraisals, the FHA appraisal determines the fair market value of the property. Property Inspection: The appraiser conducts a thorough inspection of the property, focusing on both market value and FHA minimum property standards.

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Housing Wire

FEBRUARY 19, 2021

The rise of AVMs over the years has waxed and waned based on the perceived risk of the product, but it’s caught fire over the last year with the COVID-19 pandemic and new initiatives by the Federal Housing Finance Agency. Their model allows investors to get lists of all houses discounted below market value due to condition factors.

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Valuation Real Estate Investors Appraisal 459

Housing Wire

APRIL 19, 2024

Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market.

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Luxury Properties New Listings Buyers Market Value 488

Appraisal Buzz

MAY 20, 2024

Keeping up with rapidly increasing values is challenging for most appraisers. Lenders want to finance a home for an amount they can recoup should the borrower default. However, markets fluctuate widely, particularly in high-demand markets with excellent schools or near desirable neighborhoods.

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Appraisal Marketing Valuation Sellers 370

Housing Wire

JUNE 25, 2024

Some Americans may not be able to decouple the market value of their home from the sentimental value. Respondents told us they most experience anticipation (42%), excitement (37%), and stress (34%) when home buying and selling.”

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Real Estate Sellers Market Value Buyers 417

Appraisal Buzz

MAY 10, 2024

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. Home Equity & Underwater Report. The report also shows that the share of properties that are seriously underwater increased slightly from 2.6%

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Housing Wire

FEBRUARY 7, 2024

We deal in real market value, which is ultimately measured by what a group of qualified bidders are willing to pay for a unique, one-of-a-kind piece of real estate like ‘La Dune.’” It’s a result that our team, as the world’s leading luxury property auctioneer, is best positioned to obtain.

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Luxury Properties Real Estate Design Realty 457

Appraisal Buzz

OCTOBER 30, 2024

By “equity rich” ATTOM means the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. ATTOM defines underwater as when the loan balance is 25% more than the property’s estimated market value. of mortgaged homes were underwater, up from 2.4%

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Housing Wire

MAY 20, 2021

Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth. An AVM will use this sale record as part of the formula to estimate value.

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Appraisal Valuation Technology Training 505

Housing Wire

FEBRUARY 7, 2023

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.

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Sellers Investors Valuation Finance 321

D Fritz Appraisals

JANUARY 29, 2025

Key Takeaways BC Assessment provides annual property valuations for tax purposes, while home appraisals offer detailed market value assessments for real estate transactions. Mortgage lenders require professional home appraisals for financing decisions, not BC Assessment values. Fritz Appraisals Inc.

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Appraisal Valuation Property Taxes Inspection 78

Housing Wire

SEPTEMBER 20, 2024

Joshua Ernst: Throughout my career, I’ve built and scaled software, technology businesses and interesting products in different markets — including proptech. I’ve also spent a significant amount of time in finance and investing. It’s embedded finance. SW: How are you leveraging artificial intelligence ?

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Real Estate Technology Business Investing 448

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. I also developed the replacement value, and I had comparable land sales from the neighborhood. Does this seem healthy to you?

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Housing Wire

SEPTEMBER 19, 2023

Appraisals are required for homes financed with any type of mortgage. At this point, an estimated market value is generated. A licensed appraiser conducts the evaluation and considers the condition of the property, the location and sales of comparable properties (comps) in the area. Why are appraisals important?

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Real Estate Appraisal Agents Inspection 476

Padove Appraisal Service

FEBRUARY 24, 2023

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

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Appraisal Property Taxes Insurance Market Value 148

Housing Wire

JANUARY 21, 2022

said that the company’s borrowers are largely self-employed individuals who can’t get access to housing-finance programs through mainstream channels, such as banks, credit unions or traditional mortgage companies. “If They validated our framework against those principles without exception.”.

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Appraisal Buzz

OCTOBER 2, 2024

billion in market value as of June 30, 2024. Rocket is committed to the entire homeownership experience from budgeting and credit building, to home search, financing and servicing,” says Bill Banfield, chief business officer of Rocket Companies, in a release. “We

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Mortgage Clients Market Value Investing 195

Housing Wire

JUNE 2, 2022

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . million in crypto-loan value across 35 homes that have a total market value of some $44 million.

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Technology Investing Investors Mortgage 418

Housing Wire

NOVEMBER 7, 2023

Local assessors determine how much each individual property owner should pay based on the assessed value of the home. The assessed value is often significantly lower than the appraised market value. Many counties do regular assessments of properties, sometimes annually or every two years.

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Property Taxes Home Value Government Valuation 541