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SingleSource’s new app to support to Fannie Mae’s Value Acceptance + Property Data program

Housing Wire

Fannie Mae’s program, which began earlier this year, is part of its ongoing efforts to modernize the valuation component of the mortgage industry. SingleSource has been providing valuation services nationwide since 2000 and nationwide field services and inspection services since 2006.

Valuation 401
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Lower mortgage rates are stabilizing the housing market

Housing Wire

What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Only from 2006-2011 did we see this break due to forced sellers who couldn’t buy homes.

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Gary Keller: Good agents will still thrive in a stormy market

Housing Wire

In modern times I think that number is more around 4 million, so I don’t think we have anything shocking in the real estate space.” In 2006 we were 21% above the trend line and now we are only 7%. “If you look at the trend line, given the overall economy, there is not a whole lot of room to go, to get to the bottom,” Keller said.

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What’s next after a historic housing boom?

Housing Wire

“We just went through one of the biggest housing booms in modern history,” said Jonathan Miller, a real estate appraiser at Miller Samuel who also produces housing market reports for Douglas Elliman. 2021 is projected to have the most home sales since the 2006 housing bubble, with the U.S. on pace for 6.29

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Like it or not, desktop appraisals are here to stay

Housing Wire

A Fannie Mae spokesperson said that appraisal modernization and digitization, and specifically the launch of desktop appraisals, can offer different career opportunities for a new generation of appraisers. There’s still some battle scars from 2006 to 2009 where appraisers were made to be the scapegoats,” Pyle said.

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Home sales are going to nosedive in 2023, Fannie Mae says

Housing Wire

HousingWire recently sat down with Polly CEO Adam Carmel to discuss how lenders can break old habits and redefine the mortgage process through innovation and modern, advanced technology. How should the current market impact lenders’ tech adoption? Presented by: Polly. million in 2022 and 3.93 million in 2023. “Due

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. Excerpt from emailed notice: “Valuation Modernization: New perspectives on collateral underwriting” is a must-see for underwriters and appraisal reviewers.