Appraiserblogs

JANUARY 8, 2024

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.

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Appraisal Valuation Lending Contracts 131

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.” Stay tuned.

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Valuation Property Appraisal Training Appraisal 91

Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. How hybrid title and valuations help increase lending efficiency. Streamline by combining services. Presented by: Altisource.

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Renovations Development Investors Legal 516

Housing Wire

MAY 23, 2023

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. In March , Fannie Mae released an update to its Seller’s Guide that outlined more options for property valuations, including value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals.

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Technology Appraisal Lending Valuation 367

Housing Wire

NOVEMBER 11, 2021

In September, Biden’s administration also called on state and local governments to “reduce zoning and financing barriers to these kinds of housing – housing that allows families to achieve homeownership and build wealth.”. How Freddie Mac is addressing affordable housing challenges. Presented by: Freddie Mac.

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Finance Valuation Insurance Lending 476

Housing Wire

JANUARY 31, 2021

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans.

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Valuation Technology Development Real Estate 252

Simonson Real Estate

AUGUST 24, 2020

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. Based on lender interviews and market reports, appetite for lending on each of the property types generally falls into in the following ranking (in order of best to worst). We had a great discussion!

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Lending Construction Tenants Real Estate 148

Housing Wire

JUNE 8, 2022

The plans establish a flexible framework for the government-sponsored enterprises to address barriers to sustainable housing and close the racial homeownership gap. We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”.

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Development Finance Government Lending 330

Housing Wire

AUGUST 7, 2023

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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Real Estate Supply Chain Architecture Brokerage 343

Housing Wire

NOVEMBER 17, 2022

But, to date, it’s not been altered,” said Michael Carnes, managing director of the MSR Valuation Group at the Mortgage Industry Advisory Corporation (MIAC). Government and conforming loans held for sale would have a 20% risk weight. . “That’s the ‘elephant in the room’ right now.

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Marketing Lending Mortgage Valuation 410

Housing Wire

MAY 23, 2022

Meanwhile, the Department of Housing and Urban Development (HUD)recently extended its timeline for allowing desktop appraisals for certain transactions impacted by the pandemic. Both Fannie Mae and Freddie Mac now allow appraisals to be conducted remotely, using public records such as listings and tax appraisals, for purchase loans.

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Law Appraisal Modernization Appraisal Process 418

Housing Wire

SEPTEMBER 7, 2023

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.

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Buyers Agents Loan Officers Real Estate 410

Housing Wire

AUGUST 11, 2020

Shockingly, the gap is wider than it was in 1968, when the federal government first outlawed racially based housing discrimination. The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. This makes it more important than ever to consider how the U.S.

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Government Sellers Development Mortgage 447

Housing Wire

MARCH 31, 2021

The seven rescissions will be effective Thursday, April 1, with the government agency noting that it intends to exercise the full scope of its supervisory and enforcement authority provided under the Dodd-Frank Act. In one of its key decisions, the CFPB said it will roll back its leniency on reporting Home Mortgage Disclosure Act data. “Our

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Insurance Appraisal Development Lending 435

Housing Wire

OCTOBER 14, 2022

Now retired, Mohtashami has years of direct lending experience and his astute analysis of economic data allows him to present a unique, informed and unbiased perspective on the financial markets. His work focuses on helping Freddie Mac develop its economic outlook, including forecasts of trends in the economy and housing markets.

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Housing Market Marketing Real Estate Finance 478

Housing Wire

FEBRUARY 7, 2023

“For these reasons, the enterprise should not accept MSR valuations provided by seller/servicers without an independent evaluation.” ” Nick Smith, the founder, managing partner and CEO of Minneapolis-based Rice Park Capital Management , sees the FHFA advisory bulletin as a positive development.

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Sellers Investors Valuation Finance 313

Housing Wire

MAY 2, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased.”

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Reconsideration of Value Appraisal Mortgage Valuation 371

AmeriMac

MARCH 15, 2024

The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008. The crisis exposed significant flaws in the appraisal process, leading to the development of regulatory measures to ensure more accurate and unbiased appraisals.

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Appraisal Appraisal Process Valuation Real Estate 36

McKissock

JANUARY 6, 2023

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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Appraisal Training Lending Land Management 74

Housing Wire

MARCH 31, 2022

Congress hopes to supplant the appraisal governing body at the center of the industry’s self-regulated framework and make public the trove of appraisal data held by the government-sponsored enterprises. That office would oversee fair lending supervision and examination procedures, as well as the consumer complaint process.

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Appraisal Valuation Training Government 448

Birmingham Appraisal

AUGUST 2, 2023

Whether you’re a homeowner looking to make improvements, an agent who needs a pre-listing appraisal, or an attorney or accountant who requires a certified appraisal, a well-qualified and experienced appraiser is essential for accurate property valuation.

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Appraisal Agents Valuation Real Estate 70

Housing Wire

FEBRUARY 23, 2022

The Consumer Financial Protection Bureau (CFPB) announced Wednesday that it may propose a rule to regulate the use of automated valuation models (AVMs) by lenders and appraisers. The government watchdog is concerned that automated valuation models may reflect bias in design and function. CFPB Director Rohit Chopra disagrees. “It

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Valuation Law Finance Development 386

Housing Wire

SEPTEMBER 13, 2023

The CAPE aPCR tool can be applied across the valuation spectrum—from adding condition validation to an automated valuation model (AVM), to driving appraisal workflows. The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging.

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Tools Valuation Inspection Investors 403

Realtor

NOVEMBER 21, 2018

The proposal was developed by the Federal Deposit Insurance Corp., government. They include Federal Housing Administration, Department of Housing and Urban Development, and Department of Veterans Affairs mortgages as well as those guaranteed by Fannie Mae and Freddie Mac. It could take months, if not years, to be approved.

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Appraisal Sellers Government Real Estate 78

Realtor

NOVEMBER 21, 2018

The proposal was developed by the Federal Deposit Insurance Corp., government. They include Federal Housing Administration, Department of Housing and Urban Development, and Department of Veterans Affairs mortgages as well as those guaranteed by Fannie Mae and Freddie Mac. It could take months, if not years, to be approved.

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Appraisal Sellers Government Real Estate 78

Simonson Real Estate

OCTOBER 23, 2020

What are Banks Lending On? After looking at how the numbers break down, it begs the question: What are banks lending on in this uncertain and unpredictable market? While the massive amount of government stimulus helped initially buoy the economy, the question exists on the longer-term impact as the stimulus starts to run out.

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Appraisal Retail Tenants Real Estate 143

Housing Wire

OCTOBER 4, 2022

The Department of Housing and Urban Development (HUD) back in April said it would be taking a hard look at small balance mortgages, which typically have balances less than $200,000 and are hard to find. Notably, denial rates for small-dollar mortgage loans are higher than for larger loans in both government and conventional channels.

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Mortgage Government Lending Finance 378

AmeriMac

SEPTEMBER 1, 2021

Instead, it is an independent entity that works with lenders and others who need valuation services. A Brief History of the Development and Use of Appraisal Management Companies. AMCs as a concept were developed in the 1970s. Federal lawmakers believe that inflated valuations contributed to the housing crisis in 2008.

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Appraisal Valuation Law Lending 36

Housing Wire

AUGUST 18, 2022

Government loans and conforming loans held for sale would have a 20% risk weight. Mortgage servicing rights are vulnerable to high-volatility market conditions, Ginnie Mae said, and MSRs also pose a valuation and liquidity risk. government. Other loans held for sale would have a 50% risk weight.

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Government Mortgage Business Valuation 424

The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed.

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Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

MARCH 15, 2024

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is not hard to learn the valuation factors. In previous downturns, such as during the 2008 recession, there were many foreclosures due to bad lending.

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Appraisal Inspection Modernization Business 68

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. Was it the borrower?

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Reconsideration of Value Appraisal Real Estate Insurance 69

Walitt Solutions

JULY 28, 2019

However, given current changes in the valuation space, nothing is further from the truth: valuation, specifically the collection of data that supports a valuation method, has never been one-size-fits-all. Are these “other” inspection-and-valuation processes appropriate for lending?

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Appraisal Inspection Valuation Lending 28

Housing Wire

NOVEMBER 5, 2021

Underwriters rely on appraisal and valuation professionals. Panelists: Kenon Chen, Executive Vice President, Corporate Strategy, Clear Capital Rachel Robinson, Director, Collateral Policy and Product Development, Rocket Mortgage Sarah Wheeler, Editor in Chief, HousingWire. Break Out: The Future of Valuations. All Things Housing.

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Real Estate Valuation Real Estate Agent Development 322

Clear Capital

JUNE 28, 2022

Reno, NV — June 28, 2022 — Clear Capital , a national real estate valuation technology company, today announced the launch of two Application Programming Interfaces (APIs), Property Valuation API and Risk Assessment API.

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Valuation Modernization Real Estate Investors 69

Housing Wire

MARCH 12, 2024

federal government. Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. Within the congressional justifications for the U.S. HUD is requesting $2.5

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Mortgage Insurance Training Government 381

Housing Wire

JANUARY 7, 2021

Andy Higginbotham, chief operating officer of Freddie Mac’s Single-Family business, said the partnership with Blend was a natural choice as both companies hone in on consumers demand for a fully digital lending experience. Though this isn’t the first time the mortgage tech startup has worked closely with the government entities.

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Mortgage Lending Investors Clients 257