2007 Contracts Inventory Lending 
Appraisal Today
AUGUST 5, 2022
Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020. Be sure to put in a comment requesting it. ==. Find out why not.
Housing Wire
AUGUST 31, 2022
After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. The first category is real estate credit, which covers most establishments focused on lending with real estate as collateral. By comparison, we are forecasting total volume of about $2.3
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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
Appraisal Today
SEPTEMBER 29, 2023
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. And many appraisers who only know how to do mortgage lending assignments are reluctant to market themselves outside that confined space. The GSEs started keeping track in 71.
Will Springer Realtor
OCTOBER 10, 2023
At the same time, the number of homes going under contract (Pending sales) fell 11% (2087) for the month and 9.8% The latest number is considered unaffordable by common lending standards, which call for a 28% debt-to-income ratio and it marks the highest level since 2007. Single-family inventory is 1.8 on the year.
Will Springer Realtor
MAY 9, 2022
This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” That percentage was last seen in September 2007 – yes, at the start of the housing crisis (as the chart shows). That was within the 28% ceiling considered affordable by common lending standards. The potent combo of rising U.S. a month ago.
Will Springer Realtor
SEPTEMBER 8, 2021
That’s the most since 2007. There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. A drying up of listings sent inventory figures lower.
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