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Builders apply the brakes amid canceled contracts

Housing Wire

However, for the first time in recent modern-day history — due to supply chain issues and other factors — housing completion data has lagged behind housing permits and starts. For the builders, they have a new problem: they had homes under contract and then mortgage rates jumped in the biggest fashion ever recorded in history.

Contracts 544
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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. The average contract interest rate for 5/1 ARMs decreased to 4.55

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How to Find Comps With Few Sales

Appraisal Today

acre lot, built in 2007 The chateau was listed in 2014 for $12.8 Resembling a modern French Chteau, it features a freshwater lake, manicured gardens, and three levels of luxurious living spaces. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.06

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Opinion: ICE’s Joe Tyrrell on the Black Knight acquisition

Housing Wire

Since the announcement , we have heard from a number of lenders and partners about their excitement over our ability to accelerate the digital journey of our industry, our ability to invest in the modernization of the MSP servicing platform, and the open technology approach we bring to the deal.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B Some appraisers feel that lenders should not provide them with the purchase and sale contract.

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Appraisers and Property Data Collectors

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Liability, Bias, reviewers with little experience, GSE modernization, unusual homes, mortgage origination stats, etc. acre lot A spectacular midcentury modern home, cantilevered 16 feet in the air, recently hit the market for $3 million in Oakland, CA.

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Appraisers and Local Market Analysis

Appraisal Today

It’s a modern Cape with two bedrooms upstairs and two downstairs,” Maiser says. It started in 2007 in Vacaville, near Sacramento, CA. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.94 The kitchen has soapstone countertops and Wolf appliances.