Housing Wire
MAY 12, 2021
Since the client began the search for her dream home earlier this year, her Veterans Affairs mortgage loan offers have been rejected over a dozen times. Instead, she is looking to buy a newly-constructed home from a large homebuilder. The post Why VA mortgage loans go to the bottom of the stack appeared first on HousingWire.
Housing Wire
FEBRUARY 8, 2022
A recent federally commissioned report further detailed the appraisal industry’s dysfunctional regulatory regime. In October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022.
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Birmingham Appraisal
SEPTEMBER 15, 2022
What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? This is called equity.
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. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?
McKissock
DECEMBER 28, 2021
“While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. Mortgage rates are expected to rise, but still remain attractive and reasonable. So, many markets may cool off.”.
Birmingham Appraisal
APRIL 11, 2023
7) Don’t use new construction sales to price an older home- As you would expect, new construction sales typically sell for more than older homes when everything else is equal. A negative adjustment would need to be made to the new construction sale that reflects the difference in value between the two properties.
Appraisal Today
MAY 19, 2023
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. = I would love to have all my clients email me the appraisal order. I understand completely.
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