Housing Wire

OCTOBER 30, 2023

The Federal Housing Finance Agency (FHFA) failed to adequately document desktop appraisal reports, which clouds data on the effectiveness of the desktop appraisal program, according to a report published by the FHFA Office of the Inspector General (OIG). 18, 2021, and March 31, 2023.

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Housing Wire

MAY 20, 2024

Department of Housing and Urban Development (HUD) on Monday published a new version of its Single Family Housing Handbook 4000.1, which includes numerous updates to its guidance for the Home Equity Conversion Mortgage (HECM) program overseen by the Federal Housing Administration (FHA).

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Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. Everybody is affected by the appraisal process. SW: How is technology changing appraisals?

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Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. There are some caveats related to counseling services, referrals, and duplicative work.)

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Appraisal Buzz

APRIL 23, 2024

Department of Housing and Urban Development. New home sales have generally been strong so far in 2024, despite higher mortgage rates and rising home prices. This will improve the cost of financing for land developers and home builders and enable more attainable housing supply.” “New compared with February and up 8.3% about an 8.3-month

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Appraisal Buzz

FEBRUARY 7, 2022

Fannie Mae announced on January 19, 2022 that they will be accepting desktop appraisals for eligible loan transactions. The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape. Appraisal Labels.

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Housing Wire

NOVEMBER 3, 2023

The Federal Housing Administration (FHA) announced this week that it has implemented updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae ’s MH Advantage and Freddie Mac ’s CHOICEHome programs. The updates apply to both the forward and reverse mortgage programs, according to the document.

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Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. One mid-sized lender echoed the opinion of others that appraisals still take too long.

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Appraisal Buzz

MAY 6, 2024

Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are now allowing home appraisals to get a second look when bias is suspected in the appraisal process.

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Appraisal Buzz

JUNE 22, 2021

ChainLogix Mortgage Solutions has named Tim Moreland senior vice president of operations and strategic business development, focused on meeting the company’s strategic objectives in these areas for ChainLogix’s mortgage business. Moreland has over two decades of experience in the mortgage industry.

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Housing Wire

DECEMBER 11, 2020

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. The flexibilities surrounding verbal verification of employment and appraisals were originally set to expire on Dec. 31, 2020, however Fannie Mae is now pushing that back to at least Jan. 31, 2021. “We

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Housing Wire

JULY 31, 2023

Jaro is a full-service appraisal management software that supports lenders, appraisal management companies, appraisal firms and appraisers alike. Jaro was initially developed by Ascent Software Group to streamline the entire appraisal workflow, eliminating the need for redundant steps and external systems.

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Housing Wire

MAY 23, 2024

A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and avoid the possibility of foreclosure. This is according to a look at the reverse mortgage product category published by Newsweek.

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Housing Wire

DECEMBER 6, 2021

A San Rafael, California real estate appraiser is being sued for allegedly undervaluing a home by almost 50% because the homeowners are Black. Miller of Miller & Perotti Real Estate Appraisal and AMC Links LLC , an appraisal management company headquartered in Lehi, Utah.

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Appraisal Buzz

DECEMBER 3, 2021

Non-QM lender Deephaven Mortgage today announced that Timothy (Tim) Fisher has joined the company as Vice President, Business Development. The post Timothy Fisher Joins Deephaven as VP of Business Development appeared first on Appraisal Buzz.

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Cleveland Appraisal Blog

SEPTEMBER 30, 2022

When flipping thru one of these books, the viewer’s mind fills in the gaps between pictures so that an animated story and picture develops. APPRAISAL REPORTS. Have you ever read a real estate appraisal report? Each section should contribute a little to the overall story of the value of the home being appraised.

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Appraisal Buzz

SEPTEMBER 14, 2021

The Money Source Inc (TMS), a New York-based fintech and mortgage company, has hired Tom Donatacci as its new EVP of Business Development. The post The Money Source Appoints New EVP of Business Development appeared first on Appraisal Buzz.

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Appraisal Buzz

FEBRUARY 17, 2022

Lisa Geloso has been promoted to head of product development and customer success CondoTek , a provider of technology and services for condominium and co-op lenders. . Geloso previously served as the company’s director of business development and product operations.

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Appraisal Buzz

MAY 7, 2024

Steven Winokur has joined Carrington Mortgage Services as vice president, marketing, third-party origination. Winokur’s significant expertise in marketing strategy, brand development, marketing communications and digital marketing is expected to quickly build on existing marketplace momentum for Carrington’s diverse non-QM offerings. “Non-QM

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Housing Wire

JULY 28, 2021

Department of Housing and Urban Development. Cora Robinson, who is Black, claims that appraiser Thomas Kearney violated the Fair Housing Act by undervaluing her home by over $400,000. Robinson also names as a defendant Class Valuation , an appraisal management company. Robinson’s refinance loan application,” the complaint said.

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Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

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Appraisal Buzz

MAY 23, 2024

Department of Housing and Urban Development. Rising mortgage rates in April were the main factor attributed to the slowdown. Rising mortgage rates in April were the main factor attributed to the slowdown. However, in the weeks and months ahead, we expect mortgage rates to fall below 7 percent. That’s about a 9.1-month

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Appraisal Buzz

MAY 21, 2024

Carrie Guarrero has been promoted to the role of president of Fairway Independent Mortgage Corp.’s From that point forward, she has been a key player in the mortgage and real estate industries, consistently performing exceptionally well as a top producer, except for 2013 and 2014 when she fully committed herself to coaching.

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Housing Wire

APRIL 30, 2022

In February 2022, Fannie Mae and Freddie Mac added 1004 Desktop/70D Appraisal products to their Selling Guide for new purchase loans. However, for lenders to take advantage of these benefits on behalf of their customers, they need to navigate new GSE requirements, such as ensuring appraisers have access to a digital floor plan.”.

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Housing Wire

JUNE 2, 2023

Today, I’m proud to announce we are developing a rule that will require that financial institutions ensure that their appraisal algorithms are not biased, for example, that they do not produce lower valuations for homes owned by people of color,” Harris said Thursday in a call with reporters.

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Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. Mortgage lending work is only one type of business where appraisals are needed. I have seen a slowdown in my lending work also. So what can we do?

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Appraiserblogs

APRIL 11, 2024

In a parallel development, we can now connect the dots that similar talks occurred among White House officials, employees of government-sponsored mortgage giants Fannie Mae and Freddie Mac and private vendors to throttle the protected speech of individuals and firms in the mortgage industry engaged specifically for their independence.

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Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Isn’t that all that appraisers do? Not professional appraisers. Appraisers will provide market trends for the properties that compete with the property being appraised.

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Appraisal Buzz

SEPTEMBER 5, 2022

This is part three of a three part series on appraisal review – Read parts one and two. When interacting with executive managers, I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” The Recent History of Appraisal Revisions. Complexity in Process and Properties.

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Housing Wire

MARCH 9, 2021

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

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Housing Wire

MARCH 17, 2023

a mortgage artificial intelligence firm focused on automated mortgage underwriting decisions, has conducted layoffs as lenders rush to cut costs. Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor , said in an e-mailed response.

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Housing Wire

JUNE 15, 2022

Appraisal management technology and compliance solutions provider Appraisal Logistics has named Anthony Savala as senior vice president of sales and Nicholas Turansky as national account director. Anthony Savala, SVP at Appraisal Logistics. Nicholas Turansky, national account director at Appraisal Logistics.

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Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together. Sponsored Video.

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Housing Wire

OCTOBER 20, 2021

Less than one month after launching operations , the private holding group StoicLane – the backers of Interfirst Mortgage – has acquired control of the appraisal management company Lender’s Valuation Services (LVS). ” How do remote valuation solutions benefit appraisers? .” Presented by: Incenter.

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Appraisal Valuation Appraisal Process Finance 359

Housing Wire

AUGUST 25, 2022

With recent developments from Fannie Mae and Freddie Mac to pursue a more digital appraisal process that could both speed up the process and remove any unconscious bias from it, it is important for industry professionals across the space to stay at the top of their game. 3-5 is proud to present an appraisal-centered session this year.

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Appraisal Buzz

FEBRUARY 3, 2022

ReverseVision has announced its addition of long-time mortgage professional Steve Butler to the company’s sales team, bringing more than 35 years of experience to the company. The Home Equity Conversion Mortgage provider has been adding resources in key functional areas as part of its strategic expansion plan. “I

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Housing Wire

OCTOBER 16, 2020

The Appraisal Institute , American Society of Appraisers , American Society of Farm Managers and Rural Appraisers , and the Massachusetts Board of Real Estate Appraisers announced a concerted effort to combat unconscious bias and discrimination in a release on Friday. Presented by: NAMB.

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