2008 Contracts Lending Modernization 
Appraisal Today
MARCH 15, 2024
NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.
Housing Wire
JUNE 28, 2021
He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded. AMCs business model is to snare contracts from mortgage lenders, and serve as their appraiser middleman.
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Appraisal Today
MAY 26, 2023
NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B Some appraisers feel that lenders should not provide them with the purchase and sale contract.
Appraisal Today
AUGUST 5, 2022
Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. Excerpt from emailed notice: “Valuation Modernization: New perspectives on collateral underwriting” is a must-see for underwriters and appraisal reviewers. Is it headed for a crash like in 2008? Find out why not.
Appraisal Today
MAY 19, 2023
NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = Appraisal Business Tips from Ann O’Rourke Why is the residential lender business so slow now, as compared with 2008?
Appraisal Today
AUGUST 4, 2023
With AMCs taking over residential appraisals starting in 2008, there is much more additional stress from fee competition, which had never occurred before, even during the down cycles. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.93 percent from 6.87
Appraisal Today
JULY 29, 2022
It sits in the Sarasota beachfront neighborhood of Lido Shores, an area that’s a haven for modern architecture. This is actually about fewer buyers getting into contract. In previous price declines, such as 2008, the percent decline varied significantly. Four things about Today’s Housing Market. What is causing this change?
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