Housing Wire

FEBRUARY 21, 2023

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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Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = You can expand your area to include rural appraisals to get more business. By Dallas T.

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Appraisal Today

DECEMBER 8, 2023

Boomtowns and down in other areas Nationwide, investor purchases fell 30% year over year to the lowest third-quarter level in seven years, as rising mortgage rates, high home prices and a lackluster rental market made investing less attractive. homes dropped 29.7% It’s under the radar to the public, but [still] over the top.

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Appraisal Real Estate Contracts Design 66

Appraisal Today

SEPTEMBER 22, 2023

I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. They included appraisers, real estate agents, and someone with a week, a month, or online video training. Here are a few of the many survey results. To read more, click here My comments: Now we know what NAR members think about it.

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Appraisal Today

OCTOBER 20, 2023

As anyone who has been an appraiser for more than five seconds can attest, you use the best comps available. NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more!

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Appraisal Today

NOVEMBER 25, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Graphs and Trendlines, Market Value definition, appraisal forms, unusual homes, mortgage origination stats, etc. ==. Eric VanderWaal. The majority of my appraisal work is on divorces and estates, both of which have their fair share of crazy stories.

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Appraisal Today

FEBRUARY 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AMC layoffs, adjustments, your business voicemail, unusual homes, mortgage origination stats, etc. == 11 of the Most Remote Homes in the World From the “Loneliest House in the World” to the smallest inhabited island, these homes are as beautiful as they are secluded.

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Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

SEPTEMBER 30, 2022

Read this article on how to check CO detectors. This is a reminder to appraisers to take a second look at all CO detectors and smoke alarms—and to test them as well. My comments : Read this article, especially how to identify and check CO detectors. Killed by Carbon Monoxide: Appraiser Blamed. You may save someone’s life!!

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Housing Wire

JANUARY 19, 2024

Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. Since making some holiday adjustments, we have seen a seven-week positive trend in purchase apps since November. It happened in 2008 and then didn’t happen again until 2023.

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Appraisal Today

JANUARY 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on forecasts for mortgage rates, a look back at the 80s a very similar mortgage market, appraising in a changing market, unusual homes, mortgage origination stats, etc. == A Redesigned $48.5M French Chateau in Beverly Hills Excerpts: 9 bedrooms, 10.5+

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Contracts Appraisal Mortgage Inspection 84

Appraisal Today

MAY 12, 2023

NOTE: Please scroll down to read the other topics in this long blog post on humor, non-lender appraisals, mortgage forecast, staying positive when you’re slow, unusual homes, mortgage origination stats, etc. Mortgage lending is very, very cyclical. Fannie Mae has been working hard to get rid of appraisers for years.

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Appraisal Today

MARCH 3, 2023

Other methods and tools that our survey participants said they use to support appraisal adjustments include: Market knowledge/research Market extraction Manual sales comparison Regression analysis Segmented market analysis To read more, click here My comments: First survey for this topic I have ever seen. Very interesting. for white home values.

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Tools Appraisal Home Value Business 52

Appraisal Today

NOVEMBER 10, 2023

To read more, click here My comments: Read this article! The author started as a second-generation practicing residential appraiser. Stick to the facts. Here are a few more best practices that can help appraisers achieve more objective appraisals. Not just a list of words and phrases. Excellent examples and analysis.

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Appraisal Contracts Design Mortgage 62

Appraisal Today

SEPTEMBER 2, 2022

In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop an appraisal based on a predetermined value, but USPAP does prohibit you from accepting that assignment. Excerpts: There’s no simple and easy way to deal with appraisal pressure. For 8 more reasons , click here. Does it depend on who trained you?

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Appraisal Today

APRIL 1, 2023

This begs the question of why two reviewers went out of their way to compliment my work, when it seems that almost every mortgage assignment that I complete for a production group, comes back with stipulations. You could send a link to this article to a Very Picky or Very Supportive reviewer.> I missed something, fix it.

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Clients Appraisal Contracts Business 52

Appraisal Today

JULY 29, 2022

NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. For example, here in the Bay Area, newspapers report a drop in median sales price from $1,500,000 to $1,400,000, about 7%.

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Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

APRIL 2, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Fannie Update: UAD and New “Forms”, concessions, non-lender appraisals, unusual homes, mortgage origination stats, etc. What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract?

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Contracts Appraisal HOA Architecture 52

Appraisal Today

SEPTEMBER 29, 2023

How do you know whether you’re dealing with an accessory dwelling unit (ADU) or a second unit? Mortgage Application Volume Nearing Historic Low Appraisal Volume Way Down Excerpts: Per the Mortgage Bankers Association (MBA), the loan application volume is at another low point in our history.

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Insurance Appraisal Contracts Mortgage 78

Appraisal Today

OCTOBER 21, 2022

My comments: Read this article, including the case study. NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. National data simply does not apply to the local real estate market and the closest large markets are Richmond and Washington DC. And that is true.

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Appraisal Today

JUNE 24, 2022

It was from the second floor only, and over a six-foot high concrete block wall and across an open field. NOTE: Please scroll down to read the other topics in this long blog post on Changing real estate market, rate increases, desktop appraisals, USPAP and state boards, unusual homes, mortgage origination stats, etc.

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Appraisal Contracts Mortgage Real Estate 52

Will Springer Realtor

JANUARY 10, 2023

The article will include the latest monthly data from the Northwest Multiple Listing Service, analysis from national and local experts and a glimpse ahead at what to expect in the coming weeks. Homes going under contract (Pending sales) dropped 25% from the previous month and by 30% year-on-year (YoY) – staggering drop-offs.

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Will Springer Realtor

JANUARY 9, 2024

Instead, many eyes may have been captivated by something else dropping – interest rates. The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. Treasurys and mortgage-backed securities.

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Appraisal Today

SEPTEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Value Reconciliation, non-lender appraisals, liabililty, USPAP, unusual homes, mortgage origination stats, etc. =. b) reconcile the applicability and relevance of the approaches, methods and techniques used to arrive at the value conclusion(s). The 10 U.S.

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McKissock

MAY 30, 2023

Interest rates According to Freddie Mac, interest rates increased after a two-week decrease, with the average 30-year fixed-rate mortgage rising from 6.35% to 6.39% between May 11 and 18. The first quarter of 2023 saw substantial mortgage rate fluctuations, with the 30-year FRM ranging from a low of 6.09% to a high of 6.73%.

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Will Springer Realtor

JULY 8, 2022

This, coupled with a significant portion of homeowners standing pat with mortgages at or below 4% interest (and other factors) is causing the market to lose steam. Home shoppers often focus on the direction of mortgage interest rates, which have jumped more than two percentage points this year alone to a range of 5.75%-6.0%

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Appraisal Today

JULY 22, 2022

NOTE: Please scroll down to read the other topics in this long blog post on sex dungeon, appraisal violations, complaints, liability, unusual homes, mortgage origination stats, etc. A reviewer or an underwriter can check that from their desk in about three seconds. manufactured homes, using exception code, and many more from the FAQs.

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