Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. Over the past 14 years, FHA has insured 9.1 million in mortgages valued at $1.7

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Housing Wire

APRIL 6, 2022

Borrowers with Fannie Mae or Freddie Mac- backed mortgages have been granted an additional two months to avoid foreclosure if they’ve applied for assistance from the Department of the Treasury. The Treasury funds can be used for mortgage payment assistance, mortgage principal or interest rate reductions.

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Total Motgage

JULY 11, 2022

Let’s take a look at private mortgage insurance, how much it impacts the cost of your mortgage, and how to avoid paying PMI.

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Housing Wire

JUNE 1, 2023

The proposed rule would also implement quality control standards that govern the use of automated valuation models (AVMs) used by mortgage originators and secondary market issuers in valuing real estate collateral securing mortgage loans. Department of the Treasury ; and the Federal Reserve System. “The

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Cleveland Appraisal Blog

APRIL 15, 2021

Check out these resources from Cleveland Appraisal Blog regarding virtual tools for all of your real estate needs! Look to a mortgage forecast to get an idea of potential interest rates. Thanks again to Jessica Brody for writing this article for Cleveland Appraisal Blog! . – Birmingham Appraisal Blog. www.anchor.fm/cash-appraiserstats.com.

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Appraisal Real Estate Real Estate Agent Tools 195

Will Springer Realtor

SEPTEMBER 13, 2022

One of the keys to unlocking a home purchase in this challenging housing market is to forgo the traditional desire to put 20% down on a property and avoid paying private mortgage insurance. This is where private mortgage insurance comes into play. The so-called 20% rule is ancient history, however.

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Cleveland Appraisal Blog

OCTOBER 1, 2021

Consider the following three tips from the Cleveland Appraisal Blog for downsizing with a pet in tow. Take pictures early on in the process, and get preapproved for your mortgage to figure out how much you can borrow. I’ll be back in two weeks with a new blog that is more focused on real estate valuation. www.anchor.fm/cash-appraiserstats.com.

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Appraisal Valuation Realtors Modernization 243

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). Million — [Tampa, Florida].

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Mortgage Marketing Finance Insurance 389

Housing Wire

NOVEMBER 18, 2022

Don’t be fooled by last week’s mortgage rate collapse. A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. And don’t expect the layoffs to stop anytime soon.

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Loan Officers Modernization Finance Housing Market 407

Cleveland Appraisal Blog

OCTOBER 29, 2021

In appraisals completed for mortgage lending purposes, some lenders require that the total remaining life of a home not be less than the term of the mortgage. I can tell you that in economically challenged areas, very often, the total economic life of many homes is less than the term of most traditional mortgages. The HUD 4000.1

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Appraiserblogs

OCTOBER 13, 2022

When you build, insure, tax, mortgage, or sell real estate, an appraisal is required. Besides helping secure a loan or ensure that you have enough insurance, it may also. appeared on Appraisers Blogs. The post Commercial Appraisal Reports: How Much Do They Cost?

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Appraisal Property Taxes Insurance Real Estate 108

JMV Lending

JULY 29, 2021

On Friday, I blogged about why Private Mortgage Insurance is “Awesome,” pointing out why its stigma from the 1990s is so underserved. One of the many benefits of PMI is using it to help cover appraisal shortfalls, and I wanted to elaborate on that in today’s blog.

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Appraiserblogs

JANUARY 17, 2023

For example, a homeowner who is in the process of refinancing their home with an FHA-insured mortgage can take steps to ensure that their appraisal is fair. The post HUD ROV Process to Address ‘Appraisal Bias’ appeared on Appraisers Blogs. 011 “HUD is committed to making the appraisal process fair nationwide.

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Appraisal Valuation Appraisal Process Insurance 116

Appraisal Hub

NOVEMBER 30, 2023

Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key. Essential for Mortgage and Refinancing: For homeowners looking to refinance their mortgage, a professional appraisal is often a requirement.

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Appraisal Today

APRIL 12, 2024

Insurance purposes: Lenders or other clients may order desktop appraisals for insurance purposes to determine the property’s replacement cost or insurable value. Thanks to Tom for writing this blog post. Read on blog www.appraisaltoday.com/blog Posted by noon Friday. baths, 14,450 sq.ft.,

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Genworth MI Blog

FEBRUARY 29, 2024

The mortgage process involves diligence and timeliness to ensure that borrowers can meet their closing date – that diligence is also required to master the appraisal review process. Your borrowers and the other parties who participate in the mortgage process will thank you! Never miss a post by subscribing to the Enact MI Blog!

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Appraisal Inspection Training Real Estate 88

Padove Appraisal Service

DECEMBER 2, 2022

Appraisals can be used to eliminate your lender’s requirement for Private Mortgage Insurance (PMI). This is a mortgage specific form. A few have been discussed in this blog post. It is always recommended that you consult an attorney to find out what your exact needs are. Some lenders will accept this type of appraisal.

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Appraisal Valuation Insurance Mortgage 148

Will Springer Realtor

MARCH 5, 2024

Let’s start with Mortgage Insurance Premiums. borrowers who carry a loan with a guarantee or mortgage insurance pay MIP, according to Forbes. borrowers who carry a loan with a guarantee or mortgage insurance pay MIP, according to Forbes. Mortgage insurance is calculated as a percentage of the loan.

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Finance HOA Insurance Real Estate 51

Appraisal Today

FEBRUARY 9, 2024

Appraisers Riding the Waves of Up and Down Mortgage Rates Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Common fears are that their insurer will increase their premium or decline to renew their policy.

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Appraisal Contracts Insurance Construction 79

Appraisal Buzz

MAY 31, 2021

These color codes were designed to indicate where it was safe to insure mortgages. Anywhere African Americans lived or lived nearby, were colored red to indicate that these neighborhoods were too risky to insure mortgages. an income gap of 60%). Conclusion.

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Valuation Appraisal Real Estate Insurance 370

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. Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page.

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Appraisal Mortgage Business Contracts 74

Appraisal Today

MARCH 22, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Fannie March Update, Bias and not using time adjustments, Climate change effects on risk and values, answer your phone if you want more appraisal business, unusual homes, mortgage origination stats, etc. Mortgage applications decreased 1.6

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AmeriMac

MARCH 1, 2024

Getting a mortgage for a home purchase is exciting but comes with financial responsibilities. Private mortgage insurance (PMI) is often required when the down payment is less than 20% of the purchase price. Mortgage lenders typically require it for loans with a down payment below 20% of the home’s purchase price.

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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. Mortgage rates weren’t wildly different in ’09 compared to today. And we've become friends.

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Premier Home Appraisal Blog

MAY 30, 2023

Are you tired of paying for private mortgage insurance (PMI) every month? This appraisal blog post will explore how our Virginia home appraisal services can get you started on financial freedom. It allows them to recover some of the money they lent out if the borrower cannot make their mortgage payments. monthly, for PMI.

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Appraisal Home Value Appraisal Process Insurance 98

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. = Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Appraisal Inspection Modernization Business 69

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Risk to Home Values.

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Insurance Appraisal Contracts Mortgage 78

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. Choosing the Right Mortgage Option Research different types of mortgages (e.g., Finalizing Your Financing A. Congratulations!

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Finance Inspection Insurance Real Estate Agent 36

Movoto

MARCH 27, 2024

While not the most common lending scenario when buying a home , some buyers can qualify for select mortgage loans with no down payment. Mortgages 101: Understanding Lending for Homes Various types of home loans can be found on the market, each offering different perks and upfront payment requirements. Funding Fee.

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Mortgage Insurance Design Buyers 36

Housing Wire

APRIL 22, 2024

They even provide 25 Real Estate Handwritten Notes Samples on their blog, plus an AI Copy Writing Assistant to Check out Handwrytten You will also hear agents say you can send these to any neighborhood, regardless of whether you have an actual buyer. House-hacking is a great way to build wealth and pay down your mortgage. plus postage.

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Real Estate Open Houses Brokerage Real Estate Agent 351

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 Federal Reserve in Washington, D.C. by the end of the year.

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Marketing Investors Government Investing 393

Genworth MI Blog

AUGUST 31, 2022

From a mortgage insurance perspective, appraisal reviewers are trying to find out not what is wrong but what is right and want to work alongside the appraisers and underwriters to do so. Source: David Foster is a senior real estate appraiser at Enact Mortgage Insurance. Subscribe now! Subscribe now!

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Inspection Appraisal Marketing Appraisal Process 78

Berkshire Hathaway

FEBRUARY 4, 2022

How much down payment you need for a house depends on which type of mortgage you get. However, in order to avoid private mortgage insurance (PMI), you need at lease 20% down on a conventional mortgage – which increases your monthly mortgage payment. first appeared on BHHS Michigan Real Estate Blog.

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Appraisal Today

OCTOBER 21, 2022

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. To read more of this long blog post with many topics, click Read More Below!! No ads in the blog post.

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Appraisal Marketing Contracts Insurance 52

Genworth MI Blog

JULY 13, 2023

Despite this, those of us in the mortgage industry are staying alert and vigilant. Lenders and those in the mortgage industry should also consider their internal risk appetite when utilizing the appraisal report. Source: David Foster is a Senior Real Estate Appraiser at Enact Mortgage Insurance. Subscribe now!

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Appraisal Today

JULY 14, 2023

Most, including Bill Gates’ mansion is across Lake Washington from Seattle. == Three Dangerous Insurance Mistakes Appraisers Should Avoid by Isaac Peck, Senior Broker at www.OREP.org 1. Appraiser E&O insurance is written on a “Claims Made” basis. I still hear from appraisers who let their insurance lapse.

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Tools Appraisal Insurance Contracts 76

Will Springer Realtor

NOVEMBER 29, 2022

How do you know if your home has enough insurance coverage? About six in 10 homeowners are insufficiently insured, according to CoreLogic, a property data research firm. That’s roughly 51M homeowners currently underinsured, and CoreLogic estimates homes are insured at about 73% of the actual property value.

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