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Appraisers Destroying Goliath’s Messaging

Appraiserblogs

The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Appraisers are responding to new GSE and lending dictates with reactions based on our own personal well-being. Or so it seems.

Appraisal 129
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Opinion: What the ICE-Black Knight merger means

Housing Wire

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The result is higher costs, lower productivity, unmeasured quality, and systemic exposure as government monopolies take most of the risk and make most of the money.

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Go bust vs. resurgence for IMBs

Housing Wire

Federal Reserve lending to banks through its discount window and the new Bank Term Lending Program created in the wake of SVB ’s failure stood at a combined $152.6 we expect that stress on smaller banks could result in a tightening of lending standards ,” the research report says. No, it’s not.” In the U.S,

Lending 326
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How the buyer commission lawsuits could upend the relationship between agents and LOs

Housing Wire

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. Bank Home Mortgage and Planet Home Lending declined to comment.

Buyers 378
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New Year, New You: Transforming Your Appraisal Career in 2023

McKissock

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. They all handle land and building acquisitions and dispositions, as well as condemnation valuations.

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

Housing Wire

A $250 monthly child tax credit from the federal government for each child also helps the household. Governments and servicers were both quick to launch forbearance programs for over seven million mortgage borrowers during the pandemic, realizing the historic challenge borne out of the Covid-19 pandemic. But will end in December.

Mortgage 325
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Secondary mortgage market adjusts to higher-for-longer rates 

Housing Wire

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Marketing 370