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. = Can ChatGPT, and other AI models, actually assist appraisers in writing summary appraisal reports?

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Appraisal Today

APRIL 14, 2023

My overall ratings are: Unlivable with holes in wall or ceiling, kitchen, and bath not functional, not lendable, etc. ) NOTE: Please scroll down to read the other topics in this long blog post on liability, appraisal errors, non-lender appraisals, Fannie non-appraisal options, unusual homes, mortgage origination stats, etc.

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Appraisal Today

OCTOBER 28, 2022

The questions: Fannie Mae and Freddie Mac are making desktop appraisals a permanent fixture in their valuation offerings. I wrote a long article about VA in the past, available to paid subscribers. 2022 Study: More Than Half of Buyers Would Purchase a Haunted Home in a Competitive Market. What’s new at the VA?

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Appraisal Today

AUGUST 19, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Condo risks, mortgage origination volume down, 4 high growth appraisal companies, cost cutting tips, unusual homes, mortgage origination stats, etc. ==. Mortgage applications hit 22-year low (since 2000), lending activity suffers. Humor for Appraisers.

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Appraisal Today

NOVEMBER 10, 2022

12 Unacceptable Appraisal Practices from Freddie Mac. Here are 5: Reliance in any appraisal analysis on inappropriate comparable sales, or the failure to use comparable sales that are more similar to or nearer to the subject property without adequate explanation. To read more, click here. Nothing new, but good reminders.

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. I have included some of the articles below.

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Appraisal Today

FEBRUARY 24, 2023

Now is the time to increase your appraisal skill level. NOTE: Please scroll down to read the other topics in this long blog post – Bias, Cost cutting, slow business, unusual homes, mortgage origination stats, etc. The key is not the letters but the competency or skill. You might answer, “Absolutely!” Are your legs shaking?

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Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. increase from the same time a year ago, according to Compass. Chicago’s housing market started out hot in 2022.

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Housing Wire

SEPTEMBER 23, 2020

Let me be contrarian: Get ready, because mortgage rates are going to rise in 2021. The Mortgage Bankers Association in its most recent forecast sees two things that stand out. First, 2020 will prove itself to be the second biggest mortgage year in history. Fed purchases in July were $104.6 You must be wrong.”

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Appraisal Today

JANUARY 26, 2024

Personal Inspection I recently completed an appraisal on a residential dwelling for Lender A that sells loans to Fannie Mae and Freddie Mac and the report was completed on a GSE form. The Fed increases rates sharply, that changes affordability, and we see sales volume slump. To read these new Q&As Click Here.

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Appraisal Today

SEPTEMBER 15, 2023

The 21 percent who cite other challenges are most likely to cite lack of business/slow market, rising interest rates, low fees, and to reiterate pressure from AMCs. 2023) Updated August 2, 2023 Excerpts: Fannie Mae and Freddie Mac (government sponsored enterprises or GSEs) published their Appraiser Independence Requirements in October 2010.

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Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? To read more, click here My comments: Read this article!

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Appraisal Today

APRIL 2, 2023

First and foremost, Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that we are to: “analyze all agreements of sale.” What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? That’s the real reason why—because USPAP says so.

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Appraisal Today

JUNE 24, 2022

My research discovered that the open field had just been purchased by a group that was building a four-level high-and-dry boat storage building. When oceans, lakes, bayous, estuaries, rivers, streams, and ponds are involved, this right is a large part of what property purchasers are paying for. To read more, click here.

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Appraisal Today

NOVEMBER 17, 2023

Both Fannie Mae and Freddie Mac require that PDCs must be professionally trained and vetted. They must adhere to Fannie Mae or Freddie Mac’s property data standards which set forth the minimum requirements for collection of the subject property data. The beloved musician died in 2012. The architect, Beverley D.

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Will Springer Realtor

APRIL 10, 2024

Despite these changes, it’s essential to note that cooperative compensation offers between sellers and brokers will still be addressed in purchase and sale agreements. Buyer cost pressures: Buyers, who have historically paid little or nothing for representation through the purchase process, may now be expected to contribute financially.

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Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment.

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Patch of Land

NOVEMBER 1, 2017

You can grow your business in a rising-rate environment. Mortgage interest rates are on the rise. This is presenting a new set of challenges for mortgage originators and home-buyers who have become accustomed to historically low rates. Experts predict mortgage rates will inch upward to about 4.5

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Appraisal Today

SEPTEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Value Reconciliation, non-lender appraisals, liabililty, USPAP, unusual homes, mortgage origination stats, etc. =. . How to Respond to ROV Requests: Updated Guidance. By Greg Stephens, SRA, AI-RRS. To read more, click here. To read more, click here.

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McKissock

MAY 30, 2023

From the ongoing debt ceiling debate to employment trends, inflation concerns, fluctuating interest rates, and the state of the commercial real estate market, it is important to understand the implications of these factors on the overall economy. Tax revenue will increase slightly, but not enough to offset the expected spending surge.

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Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. history, continues its march into prime home-buying years at a rate of more than 4.5 percentage points at age 30 to only 4.8 Rainier-esque peak of a decade past!

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Housing Wire

DECEMBER 7, 2020

household net worth, policies that significantly narrow the 30-percentage point Black-White homeownership gap , which is as wide as it was in 1890, could also help narrow a vast racial wealth gap. Presented by: Quicken Loans Mortgage Solutions. With home equity accounting for a quarter of total U.S. of the average home price.

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Appraisal Today

JULY 15, 2022

Many homes were changed to investor-purchased Airbnbs with few home rentals available for local residents. Julie and a group of other concerned residents are now preparing for August 5, 2022, when there is an election for new city council members. Two articles by Julie on my website: Residential Appraisals and Airbnb Income?

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