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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

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Like it or not, desktop appraisals are here to stay

Housing Wire

In October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022. There’s still some battle scars from 2006 to 2009 where appraisers were made to be the scapegoats,” Pyle said. But any risks appear to have been resolved.

Appraisal 370
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U.S. Housing Market Collapse? Nowhere in Sight

Empire Appraisal Group

Nowhere in Sight | Florida Realtors. The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch).

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Housing Demand Likely to Stay High for Years to Come

Empire Appraisal Group

Source: Housing Demand Likely to Stay High for Years to Come | Florida Realtors. While higher housing costs and mortgage rates will chip away at buyer demand, the sheer volume of current buyers makes the next buyers’ market appear far away. Housing Demand Likely to Stay High for Years to Come. MECKLENBURG, Tenn. –

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Housing market inventory is starting to recover

Housing Wire

. “The March pace was the second strongest since 2006, surpassed only by this past December’s reading,” Duncan said. “An extremely tight supply of existing homes for sale combined with still-favorable mortgage rates and an improving labor market will continue to support demand for new housing. from February.

Inventory 545
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U.S. home prices hit 14-year high in October

Housing Wire

from its former high in July 2006. How the mortgage industry is working together to make housing more affordable. million, according to the National Association of Realtors. Larger homes have become more popular as more homeowners are working from home, becoming a main driver for construction. respectively. “The

Buyers 543
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How lenders can continue to serve borrowers despite housing affordability challenges

Housing Wire

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. Bill Dallas: As construction and labor costs have climbed, so, too, have home prices.

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