Remove Development Remove Insurance Remove Lending Remove Property Taxes
article thumbnail

Mr. Cooper exits reverse servicing space with sale to MAM

Housing Wire

The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing. Terms of the deal were not disclosed, but statements from Mr. Cooper company leadership detailed that the transaction will not have a significant impact on its second quarter 2021 results.

Mortgage 385
article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Valuation for insurance claims.

Appraisal 105
Insiders

Sign Up for our Newsletter

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

article thumbnail

26 Reasons to Get an Appraisal

Realvals

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes.

Appraisal 145
article thumbnail

12 Types of Expert Witness Assignments for Appraisers

McKissock

How are divorce appraisals different from standard mortgage lending appraisals? McKissock’s Unlimited Learning Membership is your one-stop, money-saving solution for all CE plus professional development. Tax appeal. Typically, this would be for local property tax appeals. Insurance claims. Bankruptcy.

article thumbnail

Institutional SFR players are stuck in the doldrums

Housing Wire

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.

article thumbnail

How to Buy a Home as a Single Mom or Dad

Raleigh Realty

The following are some of the most common mortgage options provided to you by lenders: Federal Housing Administration (FHA) Loans - FHA loans are government-insured loans and are relatively speaking, easy to qualify for. With many of their loans, you can expect to pay no down payment, no mortgage insurance, and very low-interest rates.

article thumbnail

Important Mortgage Acronyms

Assurance Financial

A lender particularly doesn’t want to lend more than a borrower can repay, as the lender risks losing a significant sum of money. FAIR (Fair Access to Insurance Requirement). FAIR is a state-mandated program and usually costs more than a private insurance policy. Department of Housing and Urban Development (HUD).