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MISMO searches for participants for closing initiative

Housing Wire

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. This frequently results in delayed document review and general inefficiencies in pre-closing procedures.

Insurance 339
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Real Estate Sales Agreements: Understanding Your Contract

Movoto

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Real estate purchase contracts come into play to protect both parties and move the sale forward, helping prevent either party from wasting the other’s time and money.

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Home equity products light up a dark housing market

Housing Wire

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

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Help for troubled borrowers is on the way. But will it come soon enough?

Housing Wire

Wilen’s case illustrates how some Americans have a lot to lose if policies designed to help mortgage borrowers don’t break right. Homeowners have to document and describe their financial hardship, which has to have occurred after Jan. He is afraid of losing his home. Up to the task?

Mortgage 354
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. George Dell – his usual very interesting comments.

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2024 USPAP Changes Clarify Nondiscrimination

Appraisal Today

Its most remarkable attribute is the breathtaking views of Lafayette’s hills and Mount Diablo, visible from the expansive home and the vast outdoor area designed for living and entertaining. ” To read more, click here To read the full PDF report, “FHFA Did Not Document Reviews of Desktop Appraisal Reports”, Dated Oct.

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New Year, New You: Transforming Your Appraisal Career in 2023

McKissock

Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs. These may be full-time jobs or contracted services. These are just a few salary-paying opportunities for you to consider.