article thumbnail

Opinion: What the ICE-Black Knight merger means

Housing Wire

Lenders began to define the “trust model” of standards, contracts and shared services necessary to achieve cross industry interoperability. The power of innovation ICE’s network, data and trading system architecture can power innovation to transform fixed income capital markets.

article thumbnail

USPAP Myths for Appraisers

Appraisal Today

Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes. baths An architectural masterpiece designed by World renowned architect Harry Gesner and a wonderful fusion of modern architectural style with Gothic castle. percent from 6.71

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, forms to reports modernization, AMCs, earthquake risk, unusual homes, mortgage origination stats, etc. == == Rare Coastal Contemporary Manchester, MA, for $9M Excerpts: 5 bedroom, 4.5 bath, 5,258 sq.ft. percent from 7.01 percent from 7.13

article thumbnail

What is Your Appraiser Level? Why Does It Make a Difference?

Appraisal Today

The real estate appraisers of old used to network more, market their services, and sell themselves more than today’s modern appraiser,” remarks Mark Skapinetz, an independent real estate appraiser in Georgia who operates a 100 percent non-lender appraisal firm. Goes way beyond the traditional architectural styles. Budget cuts.

article thumbnail

Lenders Not Using AMCs for Appraisals

Appraisal Today

The architectural marvel, known as the Rotating Home, sits high on Mount Helix. As several calls to the listing agent have gone unreturned, we (and social media) are left wondering why this modern marvel hasn’t sold. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.63

article thumbnail

Why Appraisal Workfiles Are Important

Appraisal Today

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.91 The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.35

article thumbnail

Strange Properties Appraisers Have Seen

Appraisal Today

acre lot There’s nothing like waking up to ocean views—especially if you’re nestled in a 4,650-square-foot architectural masterpiece with a mystical portal that delivers the sound of the ocean right to your bedroom. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.52 percent from 7.70