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ARMs race: adjustable-rate mortgages make a comeback

Housing Wire

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years. The mortgage industry is different from 14 years ago. in 2005, the MBA said.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

The lender, whether it be a bank, mortgage company, credit union, or other financial institution will provide the buyer with the funds through a mortgage to pay for the house. The final CMA report presents findings and recommendations to clients, allowing them to make well-informed decisions in their real estate transactions.

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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. Consequently, probabilities suggest that a majority of mortgage underwriters are also from urban/suburban areas. I refer to this approach as high-level bracketing.

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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. Consequently, probabilities suggest that a majority of mortgage underwriters are also from urban/suburban areas. I refer to this approach as high-level bracketing.

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Appraising Fixer Uppers

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on liability, appraisal errors, non-lender appraisals, Fannie non-appraisal options, unusual homes, mortgage origination stats, etc. Appraisers sought to bracket the subject using three comparable sales.

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Opinion: FHA should lower Mortgage Insurance Premium

Housing Wire

Written by an independent third-party auditing firm, the study produces a net present value of the total FHA forward and reverse mortgage portfolios. Just look at HUD’s own data on FHA lending: 1. The post Opinion: FHA should lower Mortgage Insurance Premium appeared first on HousingWire.

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