Remove 2010 Remove Design Remove Inspection Remove Lending
article thumbnail

Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both. Another reason why distressed sales are likely low, is that lending standards remain tight. In 2008, 49% of Realtors had a client with a distressed sale, today it is only 1%.

Realtors 374
article thumbnail

Fannie Mae Changes 2018

Robinson Appraisal Group

This form has been a requirement since 2009 as a tool to establish the increase, decrease or stabilization of markets in the aftermath of the housing crisis occurring between 2007 – 2010 due to sub prime lending practices. So what is the 1004MC form?

Tools 78
Insiders

Sign Up for our Newsletter

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

article thumbnail

Fannie Mae: No Appraisals Required? 3-10-23

Appraisal Today

First, “third party” inspections. And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. Secondly, the 3rd party inspection is sent to a licensed appraiser. Mortgage Lending In Q4 Hit Lowest Point Since 2014 Refinance mortgage originations hit low point this century.

article thumbnail

CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

Yes, pockets of King County may experience new home listings lasting for weeks rather than days, fewer offers on homes, bids at or even below the asking price and more of them with contingencies for home inspections and other conditions. Kitsap County had the fewest number of units built per household formed between 2010 and 2020 (0.55).