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Appraisers and Property Data Collectors

Appraisal Today

Myth #2: Data collectors are going to replace appraisers There’s a lot of buzz right now about PDC possibly replacing traditional property appraisal, but the intent of this service is to fill a gap in the lending process. The unique design of the house is its most impressive feature,” says listing agent Emma Morris, of Red Oak Realty.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

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.

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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. Be sure to put in a comment requesting it. ==. Find out why not.

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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 billion tax fraud scheme. Owners with conservation easements can claim an income tax deduction.

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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. Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article!

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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. That’s the first time a Fed official has acknowledged the U.S.

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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

That’s the most since 2007. The rare drop-off came as a decrease in refinance activity canceled out a rise in home-purchase and home-equity lending. >> A Bankrate.com survey found that only 19% of homeowners who had mortgages before the pandemic have refinanced, despite interest rates plunging. Every room is perfectly designed.