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Finance of America reports record third quarter as it gears up for IPO

Housing Wire

Finance of America , which operates through retail, wholesale and correspondent channels, reported $242 million in income during the third quarter, a 66% increase from the second quarter. billion valuation. Its commercial business lost money in the second quarter and its reverse mortgage business contracted, filings show.

Finance 304
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The Value of Words in Valuation

Appraisal Buzz

When reading contracts, words will always have their ordinary meaning unless defined otherwise. a rule in statute or contract interpretation: when the language is unambiguous and clear on its face the meaning of the statute or contract must be determined from the language of the statute or contract and not from extrinsic evidence [i].

Valuation 360
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Six Essential Steps to Commercial Real Estate Success

Cleveland Appraisal Blog

Whether it’s a residential building or a retail mall, you want to attract tenants and clients so that you can start generating profit. To ensure that all parties are in agreement, you should compose contracts for all contractors and clients you do business with. Invest in marketing. Be clear with contractors.

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Non-Arms Length Sales for Appraisers

Appraisal Today

What should appraisers look for in a sales contract? In the 1930’s, appraisers (then known as valuators) were instructed to follow a rating system. Appraisers/Valuators were tasked with gauging the level of “protection” against these adverse influences or assessing the associated “risk” they posed. … percent from 7.13

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. In his private practice, Durbin focuses on complex residential valuation challenges. He has been around for a long time.

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The Necessity of a Commercial Engagement Letter

Dart Appraisal

Once the party or parties have signed the engagement letter or indicated acceptance of an appraisal order, the letter or correspondence to an appraiser serves as a contract. Vacant land, retail, industrial, multi-family, etc. . It is essential to utilize qualified and trained individuals for all valuations.

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Why Appraisal Workfiles Are Important

Appraisal Today

Lanham, 20/20 Valuations, and loanDepot.com, U.S. They alleged that the appraiser had taken into account their race in his valuation of their home in violation of the federal Fair Housing Act and other laws prohibiting discrimination. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.74