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Rise above the panic, for the housing market’s sake

Housing Wire

While an influx of defaults could certainly harm banking institutions, this is the fear-mongering I advise my team and my clients to avoid. compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. I think so too.

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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

By July 2013, things were going so well that Godin and his wife purchased a lakefront mansion in Winnetka, Illinois, for nearly $13 million , a record for the posh Chicago suburb. The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017.

Mortgage 340
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Avoid Appraisal Disciplinary Action with These Do’s and Don’ts

McKissock

There should be enough information in your workfile so that you know exactly what you were thinking when you developed and reported that opinion of value. This is especially true because as an appraiser you are pulled in many different directions at once, you’re busy, and sometimes you get clients who don’t want to pay you a lot of money.

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UAD and Forms Redesign Update for Appraisers

Appraisal Today

AMC clients require AMCs to allow trainee or licensed, appraisers to sign. The American Enterprise Institute (AEI) publishes data tracking the mortgage and appraisal production numbers of both Fannie Mae and Freddie Mac (the GSEs) going back to 2013. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.67

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Appraisers and Property Data Collectors

Appraisal Today

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference. Too cyclical. And it could be again.

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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

Sold 4/1/2013 for $998,000. After graduation he worked for USAA in Real Estate Development. Which is MOST important for building strong appraisal-client relationships? Top earners in the real estate appraisal profession are those who consistently bring in new clients. George had a Ph.D. Or hit the reply button.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

Bunzel was also able to provide some helpful tips for appraisers as far as how to communicate with their clients about CO detectors. For example, Bunzel says that appraisers and home inspectors should make it clear to their clients that they do not warranty if the device is working, just that it is there. Excerpts: The 1.76-acre