Housing Wire

JANUARY 11, 2021

LoanDepot , backed by private equity firm Parthenon Capital Partners, first announced plans to go public in September 2015 but canceled the IPO just hours before pricing, citing adverse “market conditions.” At the time, LoanDepot had sought a market value of $2.4 billion to $2.6 LoanDepot posted net income of $1.47

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Retail Finance Investing Mortgage 504

Appraisal Buzz

MAY 31, 2022

This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. In practice, the mortgage lender and mortgage aggregator/investor place risk management focus on three lines of defense. The Appraisal Review.

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Real Estate Lending Valuation Appraisal 221

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value.

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Inventory Market Value Appraisal Contracts 243

Clear Capital

JULY 27, 2023

Clear Capital’s ClearAVM , a nationwide automated valuation model (AVM) that provides accurate estimates of market value for millions of properties, has been integrated with BeSmartee’s Mortgage POS and HELOC product to provide users with value verification during the initial application and/or underwriting process on mortgage and home equity loans.

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Home Value Valuation Mortgage Real Estate 69

Appraisal Buzz

AUGUST 15, 2022

This year, our magazine is loaded with insightful articles ranging on topics such as market value to ANSI standards, and so much more! From defining market value and market price to what this could mean for the future of appraising, Dell narrates a story you’ll have to read to believe. This course is not for CE.

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Appraisal Valuation Market Value Business 195

McKissock

MARCH 2, 2021

As an experienced appraiser, you’ve likely encountered pressure to hit the purchase price or develop your appraisal based on a predetermined value. So what do you do when you’re asked to hit a certain value? Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now.

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Appraisal Contracts Market Value Clients 103

Miller Samuel

NOVEMBER 30, 2018

My friend and appraisal colleague Ryan Lundquist and I authored a petition on change.org to point out the growing wreckless behavior that is enveloping the mortgage process. There’s a proposal from the FDIC, Federal Reserve, and Treasury Department not to require appraisals for some mortgages under $400,000. Ever heard of straw buyers?

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Appraisal Inspection Real Estate Agent Agents 300

Housing Wire

APRIL 8, 2021

As we enter the second quarter of 2021, it’s time for the mortgage industry to reflect on the past 12 months and think about how to plan for the same period ahead. By October, the market value of Zoom exceeded that of Exxon-Mobile , reflecting the dichotomy of an intransigent society staying at home and working remote.

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Development Lending Mortgage Marketing 421

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say.

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Sellers Investors Valuation Finance 306

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Several conditions are implicit to market value as defined by the Federal Agencies.

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Appraisal Marketing Market Value Development 99

Clear Capital

FEBRUARY 23, 2024

Inclusionary Housing : Typically administered by housing authorities or municipalities, inclusionary housing policies require for-profit developers to create a percentage of units sold below market value. for any fair market value analysis. These shared equity properties can transact as low as 50% of market value.

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Valuation Market Value Contracts Appraisal 36

McKissock

AUGUST 13, 2021

Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion. And although it shouldn’t, it may unintentionally influence the appraiser’s comparable selection and eventually impact a direction in value.

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Contracts Appraisal Market Value Real Estate 64

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

Real Estate 84

Real Estate Appraisal Marketing Market Value 84

Appraiserblogs

OCTOBER 4, 2022

The possible exception to this are highly dense urban developments where the new construction homes are cookie cutters, and the builder sells. Inappropriate Form Use Why oh why do appraisers who should know better do private assignment appraisal reports using the mortgage lending GSE forms?….

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Appraisal Process Lending Appraisal Construction 120

Appraisal Today

JULY 1, 2023

Their volume went up and down with mortgage rates, but they always had some appraisals to fee out. NOTE: Please scroll down to read the other topics in this long blog post on new online Fannie forms, highest and best use, real estate market, unusual homes, mortgage origination stats, etc. More Crazy Appraiser Stories!

Appraisal 85

Appraisal Contracts Market Value Mortgage 85

The Robert Weiler Company

SEPTEMBER 18, 2022

Any loan for a property is based on the appraisal value. As a land buyer, owner, or seller, understanding the true market value of the real estate in question is important. Land appraisal is a process of assessing the land value and then developing an opinion of value. We dive into these areas, below.

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Appraisal Valuation Real Estate Market Value 78

AmeriMac

DECEMBER 30, 2023

Definition and Purpose of REO Appraisals REO appraisals play a crucial role in establishing the market value of homes, especially during the foreclosure process. Mortgage lenders rely on these appraisals to determine the value of fundamental estate-owned properties, directly impacting loan amounts for refinancing.

Real Estate 36

Real Estate Appraisal Inspection Appraisal Process 36

Housing Wire

MAY 26, 2023

But as the housing industry has gotten better at tackling it, fraudsters have been hard at work developing more creative scams. In a vacant lot or seller impersonation scam, public records are searched to identify real estate that is free of mortgage or other liens, as well as the identity of the property owner.

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Sellers Real Estate Realtors Real Estate Agent 384

Genworth MI Blog

JULY 13, 2023

Appraisal overview The appraisal is a report with an independent opinion of value of how much a property is worth. There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report.

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Appraisal Inspection HOA Real Estate 78

Birmingham Appraisal

FEBRUARY 20, 2024

The lender, whether it be a bank, mortgage company, credit union, or other financial institution will provide the buyer with the funds through a mortgage to pay for the house. The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible.

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Agents Appraisal Real Estate Agent Bracketing 87

Boston Appraisal

APRIL 5, 2021

However, in this article we’ll summarize the most salient points that most economists are talking about, and discuss what we think might happen with the Boston real estate market. According to Freddie Mac, one of the nation’s largest federally-backed mortgage companies, the rate for a 30-year fixed mortgage is at 2.8-3.0%.

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Real Estate Marketing Market Value Appraisal 78

Boston Appraisal

APRIL 5, 2021

However, in this article we’ll summarize the most salient points that most economists are talking about, and discuss what we think might happen with the Boston real estate market. Boston, MA Real Estate Market Values over the Past Ten Years. Conclusion: Boston, Massachusetts Real Estate Market Analysis. 2011: $400k.

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Real Estate Marketing Market Value Appraisal 78

D Fritz Appraisals

OCTOBER 11, 2022

A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Renovation loan assessments.

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Appraisal Inspection Property Taxes Easement 105

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Other users might be sellers, mortgage underwriting, banks, and contractors.

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Appraisal Inspection Appraisal Process Real Estate Agent 91

Birmingham Appraisal

FEBRUARY 8, 2023

For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes. In the quest to provide faster and cheaper alternatives to banks and mortgage companies, Fannie Mae has developed alternative appraisal products for their customers.

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Realtors Appraisal Market Value Real Estate Agent 78

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

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Inspection Insurance Buyers Renovations 136

Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . Will the appraised value be sufficient for the loan?”. Mortgage lenders often struggle with confidence in knowing where their boundaries are when communicating with their appraiser. Will repairs be needed?

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . Will the appraised value be sufficient for the loan?”. Mortgage lenders often struggle with confidence in knowing where their boundaries are when communicating with their appraiser. Will repairs be needed?

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Appraisal Tips Appraisal Law Market Value 78

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 data is then analyzed and used to develop opinions of value. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller.

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Real Estate Appraisal Property Appraisal Valuation 60

McKissock

OCTOBER 23, 2020

How are divorce appraisals different from standard mortgage lending appraisals? These expert witness assignments are similar to the “before value” appraisals in condemnation cases. .” McKissock’s Unlimited Learning Membership is your one-stop, money-saving solution for all CE plus professional development.

Appraisal 77

Appraisal Insurance Legal Development 77

Padove Appraisal Service

OCTOBER 21, 2017

A common source of Total Building Area , particularly for residences in tract home developments, is building plans provided to the tax assessor by the developer. The real estate appraiser’s role is to estimate a home’s market value. The post Square footage: Ask three professionals, get three different answers.

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Real Estate Agent Real Estate Property Taxes Agents 78

Clear Capital

MARCH 17, 2022

And for those in the mortgage industry, time is constrained and comes at a cost. Additionally, when an FHA appraisal is used, the Department of Housing and Urban Development (HUD) requires the home appraiser to guarantee that the subject property meets the minimum standards for health and safety. Appraisal Photo Review Solutions.

Real Estate 69

Real Estate Appraisal Technology Development 69

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

When flipping thru one of these books, the viewer’s mind fills in the gaps between pictures so that an animated story and picture develops. However, enough information should be shared to help the reader begin to develop an idea of how the property being appraised fits into the overall market. NEIGHBORHOOD. IMPROVEMENTS.

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Appraisal Development Market Value Clients 342

Will Springer Realtor

AUGUST 1, 2023

It can happen when a mortgage lender agrees to accept less than the amount owed against the home because there is not enough equity to sell and pay all costs of the sale. Insolvency – The lender will also want to see that the owner does not have significant liquid assets that would allow him/her to continue paying the mortgage.

Sellers 36

Sellers Buyers Real Estate Legal 36

PennyMac

OCTOBER 10, 2023

Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration. The lender is responsible for ensuring that your home provides adequate collateral for the mortgage.

Appraisal 69

Appraisal Real Estate Agent Renovations Home Value 69

Housing Wire

JUNE 2, 2022

Morgan announced that it had settled its first tokenized transaction involving money-market fund shares as collateral — with plans to eventually pursue blockchain-based transactions for tokenized collateral involving equities and fixed-income securities, which include mortgage-backed securities (MBS).

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Technology Investing Investors Mortgage 397

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

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Inspection Insurance Buyers Renovations 78