Housing Wire

DECEMBER 27, 2022

Those forces are now shaking the timbers of the federal loan-guarantee program. . But if you were to look out over the horizon and ask where there is an area of risk, this [FHA loans] would be one of them. First-time homebuyers represent more than 80% of FHA’s purchase volume, FHA data show.

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Insurance Home Value Mortgage Marketing 496

Housing Wire

MARCH 15, 2022

Knock, a New York City-based company that makes cash offers on behalf of prospective homebuyers, announced Tuesday that it is laying off 46% of its workforce. The founder of the eight-year-old company and Trulia co-founder devotes an intro and eight sections to other subjects before a penultimate section titled, “People first.”.

Investing 415

Investing Loan Officers Real Estate Finance 415

Appraisal Today

MAY 10, 2024

New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. The mortgage loan officer handling the loan? First, the burden on borrowers. Was it the borrower?

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Reconsideration of Value Appraisal Real Estate Insurance 69

Genworth MI Blog

JULY 13, 2023

Prospective borrowers, especially first-time homebuyers, need to be ready for what they’ll encounter during the homebuying process, including home appraisals. They matter to the lender to ensure the property is sufficient collateral for the loan amount. That’s where you, the lenders, can step in and help.

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Appraisal Inspection HOA Real Estate 78

Appraisal Today

MARCH 8, 2024

NOTE: Please scroll down to read the other topics in this long blog post on property data collectors, economic analysis, managing your email inbox, unusual homes, mortgage origination stats, etc. As introduced, and being the first proposed legislation regarding property data collectors, the bill is perhaps “rough around the edges.”

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Appraisal Contracts Real Estate Housing Market 81

Eppraisal

JULY 7, 2023

In the previous two blog posts, we discussed fixed-rate mortgages and adjustable-rate mortgages, which are widely used in the United States. In this final installment of our three-part series, we will explore government-insured mortgage loans. What are Government-Insured Mortgage Loans?

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Government Insurance Mortgage Design 36

Appraisal Today

APRIL 19, 2024

This public acknowledgement of an obligation to counter the flawed “appraiser bias” narrative is an encouraging first step. In fact, appraisers’ discipline protects homebuyers and the industry from irrational biases. For a long time, since AI dropped out of the Appraisal Foundation, I have said, “I am a 35-year member of AI.

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Appraisal Contracts Valuation Design 67

Appraisal Today

APRIL 5, 2024

That minimum standard is all well and fine until one day many months later, when an enforcement agency demands that the appraiser produce that information, usually on a tight timeline, and the information is no longer available or the source now shows different information than what was available at the time of the assignment. Systems fail.

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Appraisal Contracts Business Construction 76

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Look at this lull as a time of opportunity. A time to finally work on and execute a plan for your business. Why would you want to?

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Appraisal Mortgage Business Contracts 74

Appraisal Today

FEBRUARY 23, 2024

GO BACK FURTHER IN TIME: One of the things I’m doing more often today is looking at older comps in the immediate neighborhood. This is my first choice for any unusual homes without current data in any market. The first time physically going through the home was really breathtaking,” he says. Let’s talk about this.

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Appraisal Real Estate Contracts Reconsideration of Value 67

Appraisal Today

DECEMBER 29, 2023

To ensure accurate reports, it’s essential you stay up to date and aware of market trends, and even code and building updates, as these changes over time do determine both curable and incurable obsolescence. I have been there many times, but have never done an appraisal there. Making adjustments can be tough. 4,000 sq.ft.

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Appraisal Design Business Modernization 76

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. That process can take time. “If And we've become friends.

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Marketing Real Estate Appraisal Sellers 221

Genworth MI Blog

FEBRUARY 18, 2021

Loan officers and listing agents are familiar with homeowner anxiety about real estate appraisals. To relieve some of the stress, savvy loan officers educate their borrowers on what to expect from an appraisal inspection and how to prepare. Ask for Some Q&A Time. Will worn carpeting hurt my value? Accompany the Appraiser .

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Inspection Appraisal Real Estate Loan Officers 148

Appraisal Today

JUNE 16, 2023

Excerpts: Following that thought process, our appraisal language has simply got to change to reflect current times. They take time, effort, and ultimately do not contribute to our bottom line. None of us enjoy completing revision requests. However, revision requests are part of an appraiser’s life. Appraisal Today Can Help!

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Appraisal Contracts Design Mortgage 74

Lamacchia Realty

NOVEMBER 4, 2021

Escape the horror stories that homebuyers often tell, by following these tips from the experts below. . If you’re a first-time homebuyer, chances are, you either just paid off your student debt or are still working towards paying off your loans. Typically, most loans will require a credit score of 620 or higher.

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Real Estate Agent Realty Property Taxes Real Estate 71

Will Springer Realtor

OCTOBER 17, 2023

Whether you’re looking in Belltown or Bellevue, Bothell or Burien, buyers need to save up a whole lot of money before seriously considering a first-time home purchase. There are programs established by state and local governments that provide buyers – mostly first-timers – with assistance to make a down payment or meet closing costs.

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Buyers Government Finance Mortgage 63

Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. If you are a new homebuyer, welcome! Buying a home can be a confusing process, however, I hope that you have been able to surround yourself with knowledgable professionals who can help you navigate your first home purchase and make it an enjoyable experience.

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Appraisal Inspection Appraisal Process Real Estate Agent 90

Raleigh Realty

AUGUST 19, 2022

Millennial Homebuyers Millennial homebuyers are on the rise, and for good reason - interest rates are still historically low. With the increase in student loan debt, frequent career shifts, and living through the 2008 housing crisis, many may consider millennials financially insecure and opposed to home ownership.

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Real Estate Agent Real Estate Agents Buyers 78

Cornerstone

FEBRUARY 2, 2021

Reading Time: 2 minutes Download the infographic here. Here’s an overview of why selling this winter may be smarter: Even after the buyer boom seen in 2020 , it continues: Buyer demand is outpacing the supply of available homes for sale, so homebuyers frequently compete to snatch up limited listings. For educational purposes only.

Landlords 67

Landlords Loan Officers Buyers Sellers 67

McKissock

APRIL 16, 2021

.” According to the article, “Some buyers are borrowing money from relatives and taking loans out against their retirement” to close the appraisal gap. Get insights into this issue from the perspective of the homebuyer, the real estate agent, the loan officer, and the appraiser by reading the full story here.

Housing Market 59

Housing Market Appraisal Marketing Real Estate Agent 59

Cornerstone

APRIL 30, 2021

Reading Time: 3 minutes. But with rates still around record lows, homebuyer demand is even greater. It’s an ideal time for sellers to take advantage. in contrast to the all-time high of 868 seen in 2006. Once you find a new home you love, your loan officer will be ready and waiting to fast-track your loan to closing.

Sellers 66

Sellers Buyers Inventory Loan Officers 66

Cornerstone

JUNE 8, 2021

Reading Time: 4 minutes. Homebuyers in today’s market have strong reasons to buy a house , such as: Owning a home that’s their own. On top of that, this leverage could also help negotiate extra time to find another house. It’s a prime time to sell a house at a profit. Now is the optimal time to do it.

Marketing 46

Marketing Sellers Renovations Loan Officers 46

Eppraisal

JUNE 27, 2023

When it comes to financing a home purchase, mortgage loans are a common and essential tool. There are several types of mortgage loans available, each with its own advantages and considerations. In this three-part series, we will explore the three most common types of mortgage loans used in the United States.

Mortgage 36

Mortgage Finance Insurance Tools 36

Appraisal Today

OCTOBER 27, 2023

However, you may encounter some strange—or even spooky—properties from time to time. I worked for an assessor’s office for 5 years in my first appraisal job. Lenders would have never loaned on them! He was the first president to die in the White House. He was the first president to die in the White House.

Property Appraisal 71

Property Appraisal Appraisal Business Contracts 71

Cornerstone

SEPTEMBER 3, 2021

Reading Time: 4 minutes. A very specific set of circumstances are bringing opportunities for both homebuyers and sellers. Early in the year, the number of available houses for sale plummeted to its all-time low. In 2021, the average number of offers on a house also broke records — making it a prime time to sell.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Appraisal Today

APRIL 7, 2023

The Mailbox is Full and Cannot Accept Any Messages at this Time. How to Manage Your Emails By Paul Ryll Excerpts: My mother told me today that she called last night and was greeted with, ‘The mailbox is full and cannot accept any messages at this time. To read more of this long blog post with many topics, click Read More Below!!

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Appraisal Property Taxes Reconsideration of Value Contracts 52

Cornerstone

JANUARY 7, 2022

Reading Time: 3 minutes. Now it’s 2022, and both homebuyers and sellers have questions. – Odeta Kushi , First American’s Deputy Chief Economist. And with more than 45 million millennials within the prime first-time buying ages of 26 to 35 heading into 2022, we expect the market to remain competitive.”.

Housing Market 52

Housing Market Marketing Sellers Inventory 52

Appraisal Today

OCTOBER 20, 2023

At that time, the real estate market was still being wildly affected by the COVID pandemic. The demand letter cited an accounting error during the origination of the loan (not an appraisal issue) and the appraisal as the reason for the buy back. This was the first time I had ever experienced this problem.

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Appraisal Design Contracts Inspection 70

Appraisal Today

NOVEMBER 4, 2022

Make yourself known by being efficient as well as timely with your reports. They really appreciate it, and it ensures you can complete assignments on time as you had planned (no one likes waiting for a legal description only to have it show up on your day of 4 inspections!). 4) prioritize communication. Build a relationship. “Be

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Reconsideration of Value Appraisal Inspection Advertising 52

Will Springer Realtor

NOVEMBER 21, 2023

Here’s a look at this innovative financing option that’s tailored for first-time buyers and others seeking to get their dream home. The seller of the property receives a secured promissory note, a fancy term for a legal IOU, which details the reshaped loan (principal and interest).

Mortgage 64

Mortgage Legal Sellers Buyers 64

Genworth MI Blog

FEBRUARY 18, 2021

Loan officers and listing agents are familiar with homeowner anxiety about real estate appraisals. To relieve some of the stress, savvy loan officers educate their borrowers on what to expect from an appraisal inspection and how to prepare. Ask for Some Q&A Time. Will worn carpeting hurt my value? Accompany the Appraiser .

Inspection 78

Inspection Appraisal Real Estate Loan Officers 78

On Q Financial

MAY 19, 2021

If you’ve recently considered an FHA or VA loan, you may want to revisit our requirements. Don’t let previous home loan denials hold you back. Now is the time to speak with our expert Mortgage Consultants to see if you now qualify. Home Loan Options Refinance Information. What are FHA and VA Loans?

Buyers 38

Buyers Government Development Insurance 38

Appraisal Today

JUNE 23, 2023

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

Appraisal 85

Appraisal Real Estate Valuation Contracts 85

Eppraisal

JUNE 23, 2023

In our previous blogs, we covered the initial steps of preparing yourself for buying a home and researching and finding your dream property. You're now equipped with the knowledge to navigate the financing and closing process of buying your first home. Congratulations!

Finance 36

Finance Inspection Insurance Real Estate Agent 36

Appraisal Today

FEBRUARY 24, 2023

Now is the time to increase your appraisal skill level. To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post – Bias, Cost cutting, slow business, unusual homes, mortgage origination stats, etc. They will pay good fees.

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Appraisal Architecture Valuation Business 52

Housing Wire

APRIL 8, 2024

The percentage of homebuyers paying discount points roughly doubled from 2021 to 2023,” the report said. This is the latest development in the Biden administration’s war on so-called “junk fees,” with the CFPB pointing out a desire to closely monitor the impacts of discount points in a blog post published in early March.

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Investors Mortgage Law Lending 455

Appraisal Today

JANUARY 27, 2023

Appraisal Business Tips Humor for Appraisers To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. If they go into bankruptcy, employees get paid first. Get the facts!!

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Appraisal Contracts Transportation Real Estate 52