article thumbnail

Nevada Democrat calls on FHFA for transparency in home purchases by institutional investors

Housing Wire

Specifically, shes seeking information about participation of out-of-state corporate entities in post foreclosure dispositions of properties sold to third parties or real estate owned (REO) properties executed by Fannie Mae and Freddie Mac and steps taken by the [FHFA] to protect local homeowners.

Investor 272
article thumbnail

Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Opinion: 5 policy changes that can improve housing affordability

Housing Wire

Elected officials establish zoning and land use policies, and if those policies are going to become less restrictive, homeowners are going to have to embrace the idea of increasing the amount of affordable housing. Reform zoning and land use policies Zoning laws across the country need to become less restrictive and allow for greater density.

Land 467
article thumbnail

Land sales haven’t been this strong in a decade

Real Trends

Land sales saw their best year in nearly a decade in 2021, according to the 2021 Land Market Report from the Realtors Land Institute (RLI) and the National Association of Realtors (NAR) released on Tuesday. The RLI defines a and transaction as one in which the value of the land is at least 51% of the value of the transaction.

Land 108
article thumbnail

Warning: Housing Bubbles Tend to Burst. Here’s How Agents Can Prepare

The Close

Unlike the million-plus real estate licensees that left the business, I pivoted to working with distressed homeowners and became a Real Estate Owned (REO) agent. At this time, Abraham Lincoln was a young man living in Springfield, Illinois, and working as a land surveyor. I was fortunate.

Agents 98
article thumbnail

What Is A “Transit Oriented Community,” Anyways?

Toronto Realty Blog

” From The Act: The Lieutenant Governor in Council may, by order in council, designate land as transit-oriented community land if, in the opinion of the Lieutenant Governor in Council, it is or may be required to support a transit-oriented community project. Alrighty-then! No matter what they build, just build it.

article thumbnail

Buying Foreclosed Homes for Dummies in 11 Steps Even You (Yes, You!) Can Do

HomeLight

Mary Stewart in Sugar Land , Texas, is in the top 1% of agents in her area for successfully selling homes. Real-estate owned (REO) homes. A real estate-owned (REO) home has been put up for sale at a foreclosure auction — but it didn’t sell.