Remove tag arm
article thumbnail

Appraiser Has Very Big Problems With Borrower

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. 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.

article thumbnail

Fannie: Words and Phrases in Appraisals

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post Non-lender appraisals, ROVs, appraisal business, unusual homes, mortgage origination stats, etc. Then I saw the McKissock blog post! The adjustable-rate mortgage (ARM) share of activity decreased to 6.5 We brainstormed for a while, such as an oral report.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Apps for Appraisers

Appraisal Today

million price tag. The ARM share of applications rose slightly to 7 percent, the highest since April 2023, as borrowers look for relief from higher fixed rates.” The adjustable-rate mortgage (ARM) share of activity increased to 7.0 The average contract interest rate for 5/1 ARMs decreased to 6.20 percent from 6.51

article thumbnail

Chat GPT For Fannie Form Appraisal Reports

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = The adjustable-rate mortgage (ARM) share of activity decreased to 6.5 percent of total applications from 28.0

article thumbnail

Desktop Appraisals: Who, When, and Why

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. Thanks to Tom for writing this blog post. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

article thumbnail

Superadequacy Adjustments for Appraisals

Appraisal Today

Example #1: Superadequate custom fireplace Example #2: Superadequate 12-car garage To read more, Click Here My comments: Although the blog post references luxury homes, this can occur anywhere. 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.

article thumbnail

8 Different Types Of Home Loans

Movoto

If your dream home exceeds this price tag, nonconforming or “jumbo” loans offer the key, albeit with their own unique guidelines (which we’ll cover below). Fixed-rate Mortgages & Adjustable-rate Mortgages (ARM) Both of these home loan options can be thought of as modifiers to the above loan types.