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Guild acquires small retail lender Legacy Mortgage

Housing Wire

This acquisition is part of the company’s continued plan to grow both in existing markets and by entering new ones with selective acquisitions of like-minded lenders,” Guild CEO Mary Ann McGarry said in a statement. Legacy, headquartered in Albuquerque, New Mexico, was founded in 2002 and purchased by its CEO Jack Thompson in 2006.

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The Similarities Between 2007 and Today

Appraisal Buzz

Many of the complaints and allegations about appraisals related to not addressing the changes happening in the market as the meltdown began to occur, calling the market stable when prices were starting to decline. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today.

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[PULSE] Black lives, Black families and Black homeownership matter

Housing Wire

The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. For example, many appraisers were artificially inflating home valuations to cover the assistance, driving housing prices to insupportable highs from which they eventually crashed.

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7 Excellent Real Estate Appraisal Podcasts Every Appraiser Should Listen To

McKissock

On the podcast’s website, Owen states, “My goal in this podcast is to help you to see real estate and valuations in a new light, and to understand a little more about real estate and valuation.” The podcast covers a variety of topics involving the real estate, appraisal, and lending industries. Appraiser Talk.

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SFR with ADU or Two Units?

Appraisal Today

Today, they are becoming popular to get extra rentals in markets low on housing. Some appraisers, a true minority, have been able to transition to private, non-mortgage-lending appraisal work, but that’s not as easy as some advocate. Some types of non-lender appraisals have little competition, and marketing can be done quickly.

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Data Collectors: Appraisers vs. Uber Drivers

Appraisal Today

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Very tough market now with many layoffs.

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Practical Tips for Working With AMCs

Appraisal Today

Mortgage Lending You decide. Excerpts: As residential property prices plateau or decline in various markets and as borrowers have financial problems with fewer financing options, there are more legal claims being filed by borrowers against appraisers and lenders in relation to appraisals for loans made in recent years.