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The last stand for forbearance housing market crash bros?

Housing Wire

Not the forbearance plans themselves, which allowed mortgage holders to delay their payments for many months, but the fact that 2.72 million homes remain in forbearance and can therefore be considered at risk. The MBA purchase application data is growing at a trend of 12% year over year. We are well off the peak.

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Push button. Get CEO? What’s next for Rocket

Housing Wire

Jay Farner likes to tell a story about his early days at Rock Financial , which would become Quicken Loans and eventually Rocket Mortgage. It was 1996 and Dan Gilbert , the founder and CEO, announced that the company’s mortgage bankers weren’t going to meet with applicants face to face. With the Feb. 28 earnings call.

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Value of a Pool for Homes?

Appraisal Today

The value of a pool for Homes? Homes in different locations and price points tend to have different amenities, and that includes pools. More pools at higher prices Here’s a look at the percentage of homes sold with pools by price range in a few local counties. Where I live, very few homes have pools. It was tricky.

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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. Manchester-By-The-Sea. “The

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The End of Lender Appraisals?

Appraisal Today

The End of Home Appraisals? 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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How to Find Comps With Few Sales

Appraisal Today

This is my first choice for any unusual homes without current data in any market. The estate was built in the middle of an artificial lake and includes a three-level main home and two guesthouses. “If I don’t think that you are allowed to dig out and do what they did to create the moat surrounding the home.” “I

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OK to average adjusted comps on appraisals?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? With only one owner, the.47-acre