2007 Buyers Contracts Lending 
Appraisal Buzz
MAY 17, 2021
During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up.
Housing Wire
JANUARY 27, 2023
California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. Back in the 2007-2009 meltdown, we had loan officers with us at that time. The goal for the lender is to have half of its production volume come from investment properties in 2023 — up from the current 10 to 15%.
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Simonson Real Estate
JANUARY 25, 2022
Several brokers shared very strong demand exists from buyers. Lenders want to lend. Buyers want to buy. Some are seeing significant capital contraction in rent control markets. Lenders have pulled back or reduced appetite on lending in Minneapolis and St. Will this strong market continue?
Will Springer Realtor
OCTOBER 10, 2023
This is the season when buyers can take advantage of homeowners wishing to sell before the holidays and are showing a willingness to budge on price or make other concessions. At the same time, the number of homes going under contract (Pending sales) fell 11% (2087) for the month and 9.8% on the year.
Appraisal Today
AUGUST 25, 2023
The sellers custom built the home between 2007 and 2009, using high-end materials and finishes, including a wall of windows and 26-foot-high ceilings in the great room. Never be dependent on the ups and downs of lending again! This knowledge positions agents to market properties competitively and attract the right buyers.
Appraisal Today
DECEMBER 22, 2023
It’s a type of functional obsolescence in which the structure or one of its components is overly improved to a capacity or quality than a prudent buyer or owner would build or pay. Licensees have fallen from about 20,000 in 2006-2007 to under 9,000 now. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.41
Appraisal Today
MAY 26, 2023
In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. percent from 6.57
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