2010 Contracts Lending Valuation 
Appraisal Buzz
APRIL 15, 2024
UAD originated in 2010 and since then we appraisers are accustomed to using codes like “C4,” “N;Res,” and “1200sf0sfin” in our mortgage appraisal reports to communicate the results of our analysis. Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation.
Housing Wire
JUNE 28, 2021
He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It But they did not become key players in the home valuation industry until the recent housing bubble.”. The outcome was a settlement, the Home Valuation Code of Conduct, or, as appraisers swiftly dubbed it, havoc.
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Clear Capital
JUNE 21, 2022
When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry. Valuation Equity.
Appraisal Today
SEPTEMBER 15, 2023
2023) Updated August 2, 2023 Excerpts: Fannie Mae and Freddie Mac (government sponsored enterprises or GSEs) published their Appraiser Independence Requirements in October 2010. This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. Totally different than AMCs!
Housing Wire
DECEMBER 20, 2021
According to the Federal Housing Administration, their share of lending to Black borrowers is around 17%, compared to 6% for the rest of the mortgage market. These contracts lack protections that accompany mortgages, such as forbearance plans and foreclosure procedures. “We Wilen, for example, has an outstanding balance as of Sept.
Appraisal Today
JUNE 10, 2022
Here we consider how these “frictions” will behave as appraisal demand has dropped, just as each of the five forces have found ways to reduce or “eliminate” the need for valuation expertise. The Inevitable Cyclicality of Mortgage Lending. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.62
Appraisal Today
MARCH 31, 2023
Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” This is nothing new. Lots of practical advice.
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