Housing Wire

DECEMBER 31, 2021

Few in mid-March could have predicted that a perfect storm of ultra-low interest rates, new migration patterns and historic government intervention wouldn’t just save them, but line their pockets with billions of dollars and change their entire trajectory. But many of those elements are fading as the industry heads into 2022.

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Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It Appraisers decry them as counterproductive, even exploitative middlemen, while lenders offer a pat on the back for keeping them one step ahead of government auditors. It fit well. They’re really just middlemen and nothing else.

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Appraisal Today

FEBRUARY 16, 2024

Preservation restrictions, often governed by the National Register or local historical commissions, can add value by ensuring the property’s integrity. Never use a lending form (such as a 1004) for estate work. For non-lending work like estate work, you can use a good, protective engagement agreement. Yes, appraisers do this.

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Appraisal Today

FEBRUARY 9, 2024

The government and those that write the rules have made it illegal (a punishable violation) to refuse an appraisal assignment in an area which consists primarily of non-whites. Back in the day, this protected the lender from lending more than the home/property is worth. MORTGAGE LENDING IS VERY, VERY CYCLICAL. Lee Miller.

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Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ The GSEs started keeping track in 71.

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Movoto

MARCH 25, 2024

Unlike a credit card or a car loan, a mortgage loan is more involved than other consumer lending scenarios. For self-employed individuals or freelancers, most written work contracts should suffice. Identification (valid government ID). Employment history (recent pay stubs or employer verification letter).

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Appraisal Today

NOVEMBER 10, 2023

addition in 2011 expanded its footprint and modernized its features also adding a 4-car garage. They are working closely with FHFA on how to handle the risk associated with that—things like accuracy, condition, default risk, fair lending, and city vs rural. The average contract interest rate for 5/1 ARMs decreased to 6.76

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Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry. Valuation Equity.

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Appraisal Today

SEPTEMBER 1, 2023

If the appraisal is for lending purposes, be sure to find out if it is “lendable” before spending much time on it. To read more, click here My comments: For decades, George has been trying to “modernize” how appraisals are done. Government refinance applications dropped more than 10 percent last week.” A Man On a Mission!

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Appraisal Today

SEPTEMBER 17, 2022

Catskills Modern: ‘Sleeve House’ Highlighted by Charred Wood Exterior. Excerpts: An extremely modern home with an equally dark exterior is now available in Ancram, NY. Government loans, which tend to be favored by first-time buyers, bucked this trend and increased over the week, driven mainly by VA and USDA lending activity.”.

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Will Springer Realtor

JULY 13, 2023

Data from the Federal Reserve indicates Goldman Sachs has the highest exposure to commercial loan losses at 16% of its lending total due within the next two years, followed by Morgan Stanley (14%) and Citizens (12%). Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

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Will Springer Realtor

MAY 9, 2022

Let’s just hope government leaders and other influencers remember to bring everyone along for the ride. That was within the 28% ceiling considered affordable by common lending standards. That’s noteworthy to underwriters who review these same documents to determine the risk of lending to a buyer. Are we in a housing bubble?

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Housing Wire

JUNE 14, 2022

Starting in 2023, Freddie Mac said it will look at expanding the use of its automated collateral evaluation for mortgages with loan to value ratios greater than 80% through a targeted lending program. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

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Will Springer Realtor

NOVEMBER 10, 2023

More than 2.3M, or 31%, of Washingtonians live in a community governed by a Homeowners Association. As Seattle and most of Washington face hard questions about increasing housing density, the government is often exempting communities with established association rules and bylaws. metros, according to ATTOM. Need an incentive to buy?

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