Housing Wire

SEPTEMBER 20, 2021

Appraisals in Black and Latino neighborhoods are more likely to fall short of the contracted sale price, a Freddie Mac study of 12 million appraisals found. The research examined appraisals for home purchases the government sponsored enterprise received from 2015 through the end of 2020.

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Appraisal Contracts Valuation Buyers 439

Housing Wire

MARCH 27, 2023

Fannie Mae has projected that the recent bank failures may act as the catalyst that tips an already precarious economy into a recession — primarily due to the combination of tighter lending standards by small- and mid-sized regional banks. contraction. Fannie Mae raised its first quarter GDP forecast to grow 0.9%

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Housing Wire

MAY 13, 2024

The groups also request “sufficient data to evaluate the impact” of the new representative score calculations, as well as “sufficient detail” to evaluate the accuracy “and fair lending analysis” of bi-merge combinations.

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Legal Mortgage Contracts Insurance 342

Appraiserblogs

JANUARY 8, 2024

The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Appraisers are responding to new GSE and lending dictates with reactions based on our own personal well-being. It is appraisers who are destroying the message.

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Appraisal Valuation Lending Contracts 131

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. By the Mortgage Bankers Association ’s estimate, it takes on average about $2,500 to process, underwrite and close a government loan.

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Mortgage Loan Officers Government Buyers 363

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The result is higher costs, lower productivity, unmeasured quality, and systemic exposure as government monopolies take most of the risk and make most of the money.

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Real Estate Supply Chain Architecture Brokerage 324

Housing Wire

JULY 8, 2022

Until recently, mortgage lenders’ obligations to LEP borrowers were primarily governed at the federal level by The Equal Opportunity Act (ECOA) and the Unfair, Deceptive and Abusive Acts and Practices (UDAP) provisions of the Dodd-Frank Act. The translation must include every term and condition of the contract or agreement.

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Law Advertising Contracts Government 371

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. But democratizing the data they have available would benefit policy development.”

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Appraisal Valuation Inspection Law 293

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. Bank Home Mortgage and Planet Home Lending declined to comment.

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Buyers Agents Loan Officers Real Estate 374

Housing Wire

JUNE 21, 2022

It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it. In fact, our industry is so important that throughout the COVID-19 pandemic, title insurance professionals were deemed essential by the federal government.

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Insurance Easement Real Estate Investing 506

Housing Wire

JUNE 9, 2022

That is typically accomplished through whole loan sales or private label securitizations along with hedging — such as the use of third-party forward contracts that allow for bulk loan sales at a future date at a predetermined rate. Among the plans is an effort to develop an automated underwriting app for non-QM loans, he said.

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Marketing Contracts Technology Mortgage 354

Eppraisal

JANUARY 31, 2023

Having identified a parcel of vacant land -- and negotiated a purchase contract with the seller -- the investor in raw land is now at the point where financing becomes the issue.  There  There are a number of different options regarding getting the money necessary to acquire the property on which to build a house.

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Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

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Mortgage Technology Investing Investors 435

Housing Wire

MARCH 7, 2022

Unlike currencies issued by a country’s government, cryptocurrency is digital and has no central administration. What the paper wryly notes is that while the use of non-fungible tokens may be novel to the art economy, they have existed in real estate since the Henry VIII-led English government of 1536 created the deed.

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Real Estate Law Inspection Agents 457

Housing Wire

DECEMBER 16, 2021

Interfirst’s ability to grow rapidly in a low-rate, refi environment but then struggle and contract when the market turns could be seen as a cautionary tale, even in an industry as cyclical as mortgage. 2020 to July 2021, Interfirst’s tech was “constantly in a flux” and was tested on the call center as it was being developed.

Mortgage 339

Mortgage Loan Officers Retail Training 339

Housing Wire

APRIL 22, 2022

For the sector of the mortgage market engaged in non-QM lending, the volatile rate environment is a particular challenge. Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. percentage points since the beginning of the year and still rising. Angel Oak Cos.

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Lending Mortgage Investors Marketing 369

McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. These may be full-time jobs or contracted services. Non-lending appraisal courses.

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Appraisal Training Lending Land Management 74

Housing Wire

MARCH 15, 2022

Michael Bright, CEO of the Structured Finance Association , who served previously as the chief operating officer of the government-sponsored enterprise Ginnie Mae , said the U.S. There could be allegations of predatory lending, for example. “. I must thus let the CFPB’s case proceed.”. The End Game.

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Legal Law Investors Finance 366

Housing Wire

NOVEMBER 30, 2023

From agency relationships to local government regulations and more, every topic is inspired by the property types and types of transactions you’ll encounter as an Ohio real estate agent. Program follows a blueprint developed by the OH Association of Realtors®. Athens Campus location.

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Real Estate Real Estate Agent Law Inspection 369

Housing Wire

APRIL 27, 2023

These developments—and more—can be seen as cracks in the armor of a housing-industry sector that rose out of the ashes of the Great Recession and grew to become a thriving alternative for individuals locked out the home-purchase market by rapidly rising prices.

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Renovations Investing Real Estate Marketing 278

Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry. Valuation Equity.

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Valuation Technology Lending Real Estate 69

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. Humans, including appraisers, don’t like change.

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Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

MARCH 15, 2024

It involves analyzing data collected in mass quantities, developing statistics from the data, and applying the results to value properties. In previous downturns, such as during the 2008 recession, there were many foreclosures due to bad lending. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.37

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Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. Acres Commissioned by the Mechner family in 1969, architect John Koster worked closely with present owners to develop a property like no other.

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Appraisal Contracts Mortgage Marketing 67

Appraisal Today

AUGUST 25, 2023

I have seen this type information before, but mostly from contacting companies, recruiters or government databases. to develop and report appraisals. An MLS is a valuable resource for appraisers in the development and reporting of appraisals. Never be dependent on the ups and downs of lending again! percent from 7.16

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Appraisal Real Estate Agent Agents Real Estate 76

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? The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.98

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Appraisal Contracts Design Mortgage 63

Appraisal Today

AUGUST 4, 2023

The censorship is part of a march toward what appraiser and podcaster Phil Crawford has coined “universal basic home value” – a utopian vision among idealogues in which government technocrats dictate the supposed value of a property using algorithms and machine learning. The average contract interest rate for 5/1 ARMs increased to 6.18

Appraisal 71

Appraisal Business Contracts Real Estate 71

Appraisal Today

FEBRUARY 2, 2024

The overall timeline has not changed; however, we wanted to provide the industry with more milestone details to help in development, testing and training to prepare for the new UAD and Uniform Residential Appraisal Report (URAR). The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.61

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Appraisal Contracts Training Real Estate 66

Appraisal Today

FEBRUARY 23, 2024

Finally, we have an inside look (and some hard numbers) at how Fannie’s complaint process works and how many complaints these Government Sponsored Enterprises (GSEs) are actually filing against appraisers. Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article!

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Appraisal Real Estate Contracts Reconsideration of Value 68

Zillow

JULY 15, 2019

Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc. Conventional loan : A home loan not guaranteed by a government agency, such as the FHA or the VA. Days on market (DOM) : The number of days a property listing is considered active.

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Real Estate Agent Insurance Inspection Buyers 56

Appraisal Today

NOVEMBER 24, 2023

For starters, any development would have to pass through three levels of bureaucracy, as 4.1 Quite different than others in the lending business who just want to make as much money as they can. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.41

Appraisal 75

Appraisal Mortgage Business Contracts 75

Appraisal Today

APRIL 1, 2023

Instead this reviewer proceeded to tell me that it was one of the most detailed and well-developed reports he had seen in all his years reviewing relocation work. Never use a lending form (such as a 1004) for estate work. For non-lending work like estate work, you can use a good, protective engagement agreement. Worth reading.

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Clients Appraisal Contracts Business 52

PennyMac

JANUARY 3, 2024

A contingency clause in the purchase contract allows you to back out of a contract if the sale of your current home doesn’t go through within a specified timeframe. Department of Housing and Urban Development (HUD) or a local government website to explore options in your area. Coordinating this can be tricky, however.

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Real Estate Agent Buyers Real Estate Mortgage 36

Will Springer Realtor

JULY 13, 2023

Data from the Federal Reserve indicates Goldman Sachs has the highest exposure to commercial loan losses at 16% of its lending total due within the next two years, followed by Morgan Stanley (14%) and Citizens (12%). Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

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Construction Supply Chain Real Estate Development 36

Raleigh Realty

MAY 3, 2021

The challenges of buying a home as a recent college graduate are similar to that of buying a home as a government employee. Unconventional loans are insured by the federal government. Choose to invest in a neighborhood that's under revitalization or development. You'll build equity and credit.

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Real Estate Agent Real Estate Insurance Inspection 78

Appraisal Today

SEPTEMBER 17, 2022

Excerpts: One in 20 American homes don’t meet the standard of “a suitable living environment,” as defined by the Department for Housing and Urban Development (HUD). Government loans, which tend to be favored by first-time buyers, bucked this trend and increased over the week, driven mainly by VA and USDA lending activity.”.

Appraisal 52

Appraisal Construction Contracts Insurance 52

Will Springer Realtor

MAY 9, 2022

While these are promising developments, there will always be the affordability question. Let’s just hope government leaders and other influencers remember to bring everyone along for the ride. That was within the 28% ceiling considered affordable by common lending standards. DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. CONDO NEWS.

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Architecture Design Buyers Construction 36