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OceanFirst Bank will pay $15M to resolve redlining allegations

Housing Wire

Department of Housing and Urban Development (HUD) and the U.S. We look forward to continuing the Bank’s efforts in the New Brunswick-Lakewood market to help meet the lending and banking needs of families, businesses, schools and organizations.”

Lending 429
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Staying Relevant in the Appraisal Industry

Appraisal Buzz

Over the past 10 years my focus has been on developing new lines of business and ways to bring the skills we possess as valuation experts to markets outside of just lending and bank work and beyond the four walls of ‘appraisal practice.’ I remember using a 35 mm camera and having to get my pictures developed.

Appraisal 195
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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. From a lending perspective they are the easiest loan to work with,” Naumovych explained. We do a lot of seminars,” Armstrong explained. “I

Clients 403
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This is Not Your Grandparents’ URAR

Walitt Solutions

Appraisers AMCs Lending institutions Regulators Did you know… The new URAR will be used for all 1-to-4 unit residential property types. We have also developed shorter bite-sized seminars and webinars for appraisers, lenders, AMCs, real estate agents, and even regulators. Who needs to understand the new URAR?

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Appraisal Value Vs. Sale Price

Appraisal Today

percent from one week earlier Appraised Value Vs. Sale Price Excerpts: Property sellers often ask professionals who are performing appraisals for mortgage lending, “Why is an appraisal even needed? I joined the seminar committee as I had a CE business at that time. The buyer and I have already agreed on a sale price.”

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How To Appraise Rural Properties

Appraisal Today

There may be seminars available. It involves analyzing data collected in mass quantities, developing statistics from the data, and applying the results to value properties. In previous downturns, such as during the 2008 recession, there were many foreclosures due to bad lending. You may have some similar rural experience now!

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Fannie Mae Takes A Closer Look at Appraisals

Appraisal Today

Unfortunately, because many appraisals were rarely rejected or required corrections, appraisers developed the false notion that poorly crafted appraisals were okay to turn in. FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. What’s happening now.