Housing Wire

JUNE 15, 2021

Understanding the market value of collateral is a key fundamental component of safe and sound lending. Several states are considering, or have passed, legislation requiring appraisers to take several hours of bias and fair lending training for each license renewal cycle.

Appraisal 393

Appraisal Valuation Law Lending 393

Housing Wire

JANUARY 24, 2024

By definition, a lowball offer is an offer that is significantly below market value. Asking price and market value are not always the same thing. Speak with their lender to ensure you’re fully understanding their situation, especially as interest rates and lending standards change all the time.

Buyers 420

Buyers Sellers Agents Counter Offer 420

Housing Wire

SEPTEMBER 17, 2020

“The momentum for non-bank lending is here to stay. LoanDepot, backed by Parthenon Capital Partners, announced plans to go public in September 2015 , but canceled the IPO hours before pricing due to what the company called adverse “market conditions.” ” At the time, loanDepot had sought a market value of $2.4

Market Value 532

Market Value Lending Mortgage Marketing 532

JMV Lending

JANUARY 10, 2023

This assessment is typically conducted by a licensed appraiser, who will consider various factors to determine the property’s fair market value. Real estate appraisals are often used for a variety of purposes, including assessing the value of a property for sale […] The post What is a Real Estate Appraisal?

Real Estate 78

Real Estate Appraisal Market Value Lending 78

Appraisal Buzz

MAY 31, 2022

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. Quality Control and Quality Assurance .

Real Estate 221

Real Estate Lending Valuation Appraisal 221

JMV Lending

MARCH 16, 2022

“I knew a guy who sold his house for $100,000 under the market value because he felt like it…” said nobody. My point is that no seller is ever going to knowingly sell a property for under market value in this day and age – when listing information is made available to everyone via […].

Appraisal 78

Appraisal Market Value Lending Sellers 78

Appraiserblogs

JANUARY 6, 2023

Anytime the real estate market takes a hit, 99% of the time it is because of banking and lending practices. The appraisers are the convenient scapegoats every time. During the 1980s it was the commercial side, yet residential appraisers received both barrels of double-odd buck. Predatory lenders had. Where is my incentive again?

Appraisal 124

Appraisal Lending Market Value Real Estate 124

Housing Wire

AUGUST 5, 2022

The new lending pact supplements an existing $1 billion line of credit agreement with Citibank — resulting in a total $2 billion credit facility extended to Rocket by the bank. The fair market value of MSRs it controls increased by about $1.3 Security and Exchange Commission (SEC) shows. billion to $6.7

Market Value 380

Market Value Clients Investing Mortgage 380

Appraisal Buzz

MAY 20, 2024

Faster Turnaround Times In a seller’s market, the lending institution and homeowners may demand faster turnarounds to push the sale through before the market fluctuates. If you’re debating whether you’re in a seller’s market, use the market absorption formula to decide.

Appraisal 370

Appraisal Marketing Sellers Valuation 370

Housing Wire

NOVEMBER 11, 2020

LoanDepot , backed by private equity shop Parthenon Capital Partners, first announced plans to go public in September 2015 , but canceled the IPO hours before pricing due to what the company called adverse “market conditions.” At the time, loanDepot had sought a market value of $2.4 billion to $2.6

Retail 424

Retail Technology Market Value Valuation 424

Appraiserblogs

JANUARY 25, 2022

The Appraisal Subcommittee, because they were directed to do so, has produced a report, which frankly and explicitly lays the blame for low market values of homes in ‘communities of color’ directly at the feet of independent appraisers involved with mortgage lending. ABC news already has distributed it.

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Appraisal Market Value Government Lending 147

Appraisal Buzz

SEPTEMBER 26, 2022

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. Also part of the definition: Reasonable market exposure time. As an appraiser, I had to look at what I had spent a lifetime doing: “Find market value.”

Market Value 321

Market Value Sellers Buyers Finance 321

Housing Wire

AUGUST 15, 2022

Mortgage lenders are now considering adding home-equity lending to their portfolios as they look for growth in a declining refinance market and seek opportunities to cross-sell to their existing customer base by tapping into historic amounts of home equity,” said Joe Mellman, senior vice president and mortgage business leader at TransUnion.

Lending 421

Lending Home Value Mortgage Renovations 421

Housing Wire

MARCH 3, 2022

Amid a tough environment for forward mortgage lending, Finance of America is betting on specialty finance & services products – reverse mortgages, investor loans, commercial loans – which are expected to deliver most of the return this year. On Wednesday, its market value was $191.5 billion, up 107%.

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Finance Investors Mortgage Home Improvement 368

Housing Wire

DECEMBER 10, 2021

So far this year, the company has brought seven non-QM private-label deals to market valued at nearly $2.5 If you look in the last 15 to 20 years, the self-employed portion of the country has been increasing every year,” said Keith Lind, executive chairman and president of Acra Lending (formerly known as Citadel Servicing ).

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Lending Mortgage Finance Government 469

Housing Wire

AUGUST 11, 2022

Keith Lind, CEO of non-QM lender Acra Lending, put it this way: “These aren’t bad loans, just bad prices.”. “We AOMR has bulked up its warehouse lending arsenal to help bolster liquidity to better cope with the volatility of the current market. It is externally managed and advised by an affiliate of Angel Oak Capital Advisors.

Mortgage 378

Mortgage Finance Lending Real Estate 378

Housing Wire

AUGUST 10, 2022

million increase in the fair market value of its MSR portfolio. million decline in the fair market value of its MSRs. Also bolstering UWM’s liquidity are its cash position and warehouse lending lines. For the same quarter in 2021, in a very different interest-rate environment, UWM recorded a $219.4

Market Value 391

Market Value Mortgage Valuation Lending 391

Housing Wire

FEBRUARY 14, 2024

1, the company had lost 45% of its market value. A wave of office debt at regional banks Higher capital requirements after the 2008 financial crisis caused large banks to pull back on their commercial real estate lending; regional banks, unburdened by those requirements, seized the opportunity for expansion, Bloomberg has reported.

Mortgage 385

Mortgage Real Estate Insurance Tenants 385

Housing Wire

AUGUST 31, 2023

As such, we are transitioning to a range of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction.” Fannie Mae’s Value Acceptance + Property Data program and Freddie Mac’s ACE+ PDR waive the traditional appraisal requirements for qualifying loans.

Modernization 344

Modernization Appraisal Inspection Valuation 344

Housing Wire

NOVEMBER 10, 2021

For example, an analysis from Mike DelPrete indicated that while Zillow wildly overpaid for homes in Phoenix and Atlanta, Opendoor forked over market value. Analysts have cited in-house mortgage lending and title insurance as a possible iBuyer move toward making money. The company bought 15,181 homes in quarter three.

Housing Market 301

Housing Market Market Value Insurance Lending 301

McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now.

Appraisal 103

Appraisal Contracts Market Value Clients 103

Appraisal Hub

NOVEMBER 23, 2022

The Toronto housing market is slowing down, showing a 6% decline in October 2022 compared to the same period last year. Now might be the best time to sell your home and avoid further falls in the market. But to ensure that your property is sold for fair market value, you’ll need the guidance of a reliable appraisal company.

Appraisal 78

Appraisal Property Appraisal Market Value Investing 78

Simonson Real Estate

JULY 10, 2020

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Value Scenarios. What is Market Value As Is and When is it Used? Prospective Values.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Appraisal Buzz

OCTOBER 3, 2022

The second thing, and most everyone who is tracking this data already knows this, is that this data and the indexes that spring from them are all lagging indicators of the health of a given market. In a market that moves as quickly as ours is, often that can be too old. The data we see is typically a few months old.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Housing Wire

JUNE 11, 2021

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. For example, an appraiser will check the condition of the walls, roof, floors and the structure’s overall integrity.

Inspection 424

Inspection Appraisal Buyers Appraisal Process 424

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Several conditions are implicit to market value as defined by the Federal Agencies.

Appraisal 99

Appraisal Marketing Market Value Development 99

Appraisal Hub

SEPTEMBER 8, 2023

What is a Mortgage Appraisal? A mortgage appraisal is an unbiased estimate of the true (or fair market) value of a property. It acts as a safety net, ensuring that the price they’re paying is in line with the market value. It’s conducted by certified and licensed professionals known as appraisers.

Appraisal 78

Appraisal Mortgage Mortgage Appraisal Market Value 78

Housing Wire

MAY 18, 2022

Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. HW: How does Reverse Mortgage Funding help lending professionals educate themselves and their clients on the benefits of reverse mortgages in our current housing market?

Mortgage 392

Mortgage Clients Insurance Tools 392

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. Does this seem healthy to you?

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Realtor

MAY 15, 2023

Lenders have a vested interest in the home appraisal because it protects them from lending more money than they can recoup should you default on your loan and go into foreclosure. “The knowledge, understanding, and conversations of hybrid appraisals are growing within the lending community,” says Moreira.

Appraisal 107

Appraisal Real Estate Appraisal Process Market Value 107

Housing Wire

FEBRUARY 7, 2023

MSR prices and the come to Jesus moment Smith said the MSR market currently, based on unpaid principal balance (UPB), is about $14 trillion in total size, “which translate into about $200 billion of market value.” Rice Park Capital acquired some $30 billion in MSRs [UPB] in 2022, Smith said.

Sellers 292

Sellers Investors Valuation Finance 292

Housing Wire

AUGUST 9, 2022

That’s based on a comparison of the principal balance of the loans on the books and their fair market value as reported by the REIT as of that date. Keith Lind, CEO of non-QM lender Acra Lending , said rates for non-QM loans through his company were “in the high 7% [range]” for July” up from 4.5% for the most recent deal.

Marketing 369

Marketing Real Estate Mortgage Investors 369

Birmingham Appraisal

FEBRUARY 8, 2023

For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes. It seems that Fanniemae and the lending industry have hopped onto this bandwagon and they are dragging and pulling appraisers along with them.

Realtors 80

Realtors Appraisal Market Value Real Estate Agent 80

AmeriMac

MAY 15, 2024

Appraisals play a significant role in determining the fair market value of a property and ensuring a successful relocation. Unlike a traditional mortgage appraisal that determines the market value of a property, a relocation appraisal focuses on estimating the sales price through prospective analysis.

Appraisal 36

Appraisal Market Value Mortgage Appraisal Appraisal Process 36

Appraiserblogs

OCTOBER 4, 2022

Inappropriate Form Use Why oh why do appraisers who should know better do private assignment appraisal reports using the mortgage lending GSE forms?…. Appraisal Forms Redesign In 2018, the GSEs began working on 'mortgage lending appraisal forms redesign', a process they said would take approximately 3….

Appraisal Process 120

Appraisal Process Lending Appraisal Construction 120

Clear Capital

APRIL 30, 2024

In part one of our home equity lending series , we discussed home equity lending and how lenders can use an AVM to market to home equity customers. ClearAVM + PCI: A holistic view of a property ClearAVM is our industry-leading, lending-grade automated valuation model (AVM).

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Valuation Inspection Lending Real Estate Agent 28