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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

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The End of Lender Appraisals?

Appraisal Today

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting.

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2024 USPAP Changes Clarify Nondiscrimination

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Investigation of desktop appraisals, economic analysis, Bias, hybrid appraisals, unusual homes, mortgage origination stats, etc. By Claudia GaglioneIf these articles helped you understand Hybrids and PDCs and what they mean for you, it is worth the subscription price!

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Here’s why new home sales are up along with prices

Housing Wire

From Census: New Home Sales Sales of new single-family houses in October 2022 were at a seasonally adjusted annual rate of 632,000, according to estimates released jointly today by the U.S. percent)* above the revised September rate of 588,000, but is 5.8 months at the current sales rate. percent (±20.8 percent (±19.6

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Logan Mohtashami: The 2022 housing forecast

Housing Wire

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The 10-year yield and mortgage rates. That range dictated that mortgage rates would roughly stay between 3.5%-4.75%.

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2024 USPAP For Appraisers

Appraisal Today

unusual homes, mortgage origination FNMA Continued Effort to Get Rid of Appraisers By Jonathan Miller, Sept. The ASB will continue to review USPAP for changes when necessary but will shift much of its focus to providing more guidance to the marketplace. Also, there is no ending date for the 2024 version.

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Fannie Mae Takes A Closer Look at Appraisals

Appraisal Today

Do you believe that the quality of your work ranks you as a tier 1 appraiser or do you have a little concern about your rating? Fortunately, this article includes many of them in one place. ==. Many appraisers were bragging about their ability to fill out two or three appraisal forms a day and receive no call-backs from lenders.