Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting. since October 2021.

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FEBRUARY 23, 2024

In short, it’s not enough today to go back 90-180 days because there just aren’t enough data points in so many cases… WATCH THE MEDIAN TREND The median price for the region doesn’t translate rigidly to neighborhoods, so be careful about saying stuff like, “The median is up 3% this year, so neighborhood prices are up 3%.” baths, 12,770 sq.ft.,

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OCTOBER 7, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie Mae, Real estate market, Disbility, Redlining, unusual homes, mortgage origination stats, etc. =. The Tectonic House in Venice Beach, CA – $5.8M. faces high mortgage rates and an uncertain economy. Mortgage applications decreased 14.2

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AUGUST 26, 2022

In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used. Quite simply, if there isn’t enough data for the appraiser to develop a reliable opinion of value by the sales comparison approach, the mortgage will not be marketable to Fannie Mae.

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JANUARY 27, 2023

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. From 2017 through at least 2020, City National avoided marketing and underwriting mortgages in majority-Black and Hispanic neighborhoods. Varies widely around the country. == Mortgage applications increased 7.0

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JULY 1, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market decline in listing prices, land issues, unusual homes, mortgage origination stats, etc. =. 4) No price range is immune from the slower trend. Mortgage applications increased 0.7 Mortgage applications increased 0.7

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JULY 7, 2023

Plaintiffs cannot transform allegations of incompetence or a breach of appraisal industry standards into racial discrimination by baldly alleging that Mr. Lanham believed that Plaintiffs did not belong in their neighborhood and that their home was worth less than other homes because of their race. Housing markets are like my waist line.

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JUNE 3, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market changing, appraisal bias research, unusual homes, mortgage origination stats, etc. Granted, the housing trend still feels elevated from normal, so it’s an error to call this market cold. 10 Things on my mind about Today’s Market.

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JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. YOU MUST KNOW YOUR MARKET TRENDS. My Comments on Market Changes.

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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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SEPTEMBER 23, 2022

“At the least we ought to describe the market as showing a downward seasonal shift, though it’s possible we can call this a downward cycle if the trend persists over time. NOTE: Please scroll down to read the other topics in this long blog post on VA changes, Driving vs. office time, unusual homes, mortgage origination stats, etc.

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SEPTEMBER 30, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie and Competency, mortgage rates, extraordinary assumptions, vacant l and, unusual homes, mortgage origination stats, etc. Chuck Norris eats 7% mortgage rates for breakfast. Mortgage applications decreased 3.7 By Ryan Lundquist.

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DECEMBER 22, 2023

NOTE: Please scroll down to read the other topics in this long blog post on answering your phone, appraiser censorship, bias, how to do graphs, unusual homes, mortgage origination stats, etc. Appraisal methodology for single family residences analyzes a market to determine base employment and overall employment trends.

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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 Worried we did not have enough money for mortgage payments.

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DECEMBER 15, 2023

Wells Fargo, other mortgage lenders under scrutiny for mortgage pricing exceptions: CNBC December 11, 2023 Excerpts: Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported.

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AUGUST 25, 2023

Appraisers who have put in 16+ years in the appraisal industry tend to make the most ($118K), while those who have less than 2 years of experience earn the least ($43K). Varies widely around the country. == Mortgage applications decreased 4.2 August 23, 2023) — Mortgage applications decreased 4.2

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AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. August 9, 2023) — Mortgage applications decreased 3.1

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MARCH 1, 2024

Whether you’re looking to specialize in luxury home appraisals or you’re simply reading up on the latest market trends, you may want to pay attention to areas where luxury homes are in high demand. It is highly recommended for all appraisers to listen to his podcast and to stay informed about the current state of the industry.

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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. What does USPAP say about trends? Tim discusses every section of USPAP that has trends advice.

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FEBRUARY 2, 2024

The overall timeline has not changed; however, we wanted to provide the industry with more milestone details to help in development, testing and training to prepare for the new UAD and Uniform Residential Appraisal Report (URAR). California Glass House in Orinda, CA Lists for $10.5 Million Excerpts: 4 Bedrooms, 4 ½ Baths, 6,195 sq.ft.,

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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. The AEI’s July report spots three key trends. Trend one: The West’s affordability problem finally bites…. For the U.S.

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OCTOBER 14, 2022

Today lenders and stakeholders have the ability to gain risk insight beyond the initial transaction stage and utilize pattern and trend identification. NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. Lenders want fire insurance for all mortgage loans.

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AUGUST 12, 2022

NOTE: Please scroll down to read the other topics in this long blog post on mortgage rates history, declining prices on high end homes, bias, unusual homes, mortgage origination stats, etc. =. Mortgage Rate History: Check Out These Charts. Excerpts: Mortgage rate history stretches back nearly a century. 29 Beds | 18.5

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NOVEMBER 20, 2022

NOTE: Please scroll down to read the other topics in this long blog post on State board complaints, non-lender appraisals, mortgage forecast, real estate market changes, unusual homes, mortgage origination stats, etc. ==. What to Expect in 2023 from the Mortgage Industry – MBA Annual Recap. Or hit the reply button.

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SEPTEMBER 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on AMCs, appraisal business, real estate market, unusual homes, mortgage origination stats, etc. =. Modular and Panelized home trends. 10066 Cielo Dr, Beverly Hills, CA (PHOTO ABOVE). Mortgage applications decreased 1.2 Lot values up.

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JUNE 24, 2022

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. When mortgage rates last soared this much. Two Trends Slowing Housing Market Normalization. Click here for more info!

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DECEMBER 9, 2022

In addition, staying up-to-date with Uniform Standards of Professional Appraisal Practice (USPAP), Federal Housing Administration (FHA), and GSE guidelines and industry requirements also goes a long way in drafting error-free reports that would otherwise create unnecessary revision requests. Mortgage applications decreased 1.9

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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. =. With USPAP, what’s important now is changes in market trends. Generally, as interest rates increase, the trend is for prices to fall.

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JULY 15, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Cubicasa, Desktops, FHA, unusual homes, mortgage origination stats, etc. ==. I only did a few desktops, back in the mortgage broker days, giving them a “comp check” value before you get the assignment. Mortgage applications decreased 1.7 By Dave Towne.

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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. They give appraisers lots of ideas for following trends. He has been writing about trends recently, almost every week when his market started changing.

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