Housing Wire

MARCH 23, 2023

In the mortgage space, warehouse lending is a very lucrative business for the banks, so in general they’ll want to keep warehousing lending, maybe over other types of lending,” said Brian Hale, founder and CEO of consulting firm Mortgage Advisory Partners. It’s just a matter of to what degree.

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Appraisal Today

MARCH 15, 2024

In previous downturns, such as during the 2008 recession, there were many foreclosures due to bad lending. Why today’s slowdown is very different from previous downturns – CovidThe crazy ups and downs in lending in a short period of time had never happened before. This kept appraisers busy. I worked for an assessor’s office then.

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Appraisal Inspection Modernization Business 68

McKissock

APRIL 20, 2021

Receive basic training in contracts and how to price properties using comparative marketing analysis. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Set clear expectations upfront about your availability. Work with a coach to map out your business.

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Real Estate Agent Real Estate Agents Realtors 98

Appraisal Today

APRIL 21, 2023

2 Lenders require appraisers to carry E&O insurance because they routinely seek to hold appraisers responsible for loan losses. Among the DOJ’s findings, from 2015 to 2021, all but one of the 101 mortgage lenders PNB employed in the lending area were white. The average contract interest rate for 5/1 ARMs increased to 5.56

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Appraisal Contracts Modernization Mortgage 52

Appraisal Today

NOVEMBER 10, 2022

Bottom line: If the home is going to be financed by a lender, insured by FHA, or sold on the secondary market, you must make sure you compile a fair, thorough report to ensure that the lender doesn’t take a loss. The only appraisers who get sued are those performing appraisals for mortgage lending. percent from 7.06 percent from 6.55

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Appraisal Real Estate Agent Real Estate Contracts 52

Appraisal Today

OCTOBER 7, 2022

If this article helped you understand more about disability insurance, it is worth the subscription price! Excerpts: Lakeland engaged in a pattern or practice of lending discrimination by “redlining” in the Newark metropolitan area. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.96

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Appraisal Today

SEPTEMBER 23, 2022

Insurance companies. ” “I currently review appraisals and consult with the lending team for appraisal questions and products for a large bank in the Northeast. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.25 Plus: Good fees.

Appraisal 52

Appraisal Marketing Business Contracts 52

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property. Rent a section to retail establishments.

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Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

APRIL 12, 2024

Insurance purposes: Lenders or other clients may order desktop appraisals for insurance purposes to determine the property’s replacement cost or insurable value. But if for lending, it might be rejected on review by GSE computers or humans. The average contract interest rate for 5/1 ARMs increased to 6.41

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Appraisal Construction Contracts Architecture 76

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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Insurance Appraisal Contracts Mortgage 78

Appraisal Today

FEBRUARY 16, 2024

Many downtown mixed-use buildings (retail and apartments) are in my city. 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. My comments: MORTGAGE LENDING IS VERY SLOW NOW. Yes, appraisers do this. percent from 6.80

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Appraisal Contracts Training Architecture 79

Appraisal Today

FEBRUARY 9, 2024

An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. Common fears are that their insurer will increase their premium or decline to renew their policy.

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Appraisal Contracts Insurance Construction 79

Appraisal Today

MAY 12, 2023

Mortgage lending is very, very cyclical. I agree that I would be world-famous and rich if I could predict mortgage lending cycles! The residential lending appraisal business depends on low-interest rates, the same as for loan officers. The insurance policies were based on reproduction cost, not replacement.

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Appraisal Architecture Business Contracts 52

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Lenders want fire insurance for all mortgage loans. Or insurance problems for flooding, hurricanes, or other natural disasters.

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Appraisal Insurance Real Estate Business 52

Appraisal Today

MAY 26, 2023

Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. Appraisers analyze the purchase and sale contract to amass and verify data to have detailed data to use in the analytics of future assignments.

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Easement Contracts Appraisal Inspection 52

Will Springer Realtor

APRIL 10, 2024

INSURANCE FOLLOW-UP The top item in last month’s newsletter struck a chord with readers. Insurance companies may argue, however, that the costs are simply increasing along with home values. in homeowners insurance premiums for every $1000 of their home’s value in 2022. The average mortgage holder paid $4.90

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Real Estate Buyers Sellers Insurance 36

Appraisal Today

NOVEMBER 20, 2022

FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. This week I had a long conversation with a local agent about an insurance office converted to a home near where I live. But homes are more valuable than offices, retail, etc. What’s happening now. percent from 7.14

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Appraisal Real Estate Agent Real Estate Contracts 52

Appraisal Today

SEPTEMBER 17, 2022

Many homes were re-zoned a few years ago and needed flood insurance. At a big meeting, the primary issue was where to get a surveyor to say that my home was high enough not to require flood insurance. Earthquake insurance is available but expensive. The average contract interest rate for 5/1 ARMs increased to 4.83

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Appraisal Construction Contracts Insurance 52

Will Springer Realtor

DECEMBER 19, 2023

It increased the Fed funds rate 11 times between March 2022 and July 2023, essentially from 0.25% to 5.25%, on the interest that banks lend to each other. But, like all related aspects of lending, the central bank heavily influences the direction of financing for homes, cars and other expensive items.

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