Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. With a changing market, home inspections are now becoming a secondary point of negotiation. Be the leader in the transaction.

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Clients Real Estate Inspection Buyers 432

Housing Wire

DECEMBER 11, 2020

Earlier this year, citing the extraordinary circumstances that the country is facing with the ongoing spread of the coronavirus, the Federal Housing Finance Agency directed the government-sponsored enterprises to ease their standards for both property appraisals and verification of employment. Are borrower-assisted inspections here to stay?

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Lending Appraisal Inspection Property Appraisal 540

Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Appraisals are required for homes financed with any type of mortgage. The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition. Not necessarily.

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Real Estate Appraisal Agents Inspection 450

Appraisal Buzz

MAY 6, 2024

I recently attended the Going to Extremes conference in DC on April 18-19, which focused on how climate change is affecting the US housing and finance industries. And homeowners are paying the price: According to an analysis by Bankrate, insurance premiums have jumped 23% nationwide — even more so in areas most affected by climate change.

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HOA Insurance Legal Fees Valuation 370

Housing Wire

JANUARY 3, 2024

Don’t talk about how busy you are, about a deal you’re trying to save, inspection and financing drama, or how you’re going to be out of town for two weeks. Don’t make the appointment all about you Always make it all about the client: their needs, motivation, time frame and priorities.

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Real Estate Inspection Clients Contracts 437

Housing Wire

NOVEMBER 30, 2023

Also, in the limited program, the FHA proposes that consultant fees be included in the financed mortgage, as it is permissible in the standard version. Changes also include increases to the maximum amount for other allowable fees, including for draw inspection, which is $375. In high-cost areas, however, it can go up to $75,000.

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Architecture Renovations Inspection Finance 450

Realtor

JULY 13, 2021

Home inspection. A home inspection is the foundation on which all other real estate contingencies are built. In the inspection, a neutral expert assesses the home for roofing, plumbing, structural, electrical, and other major problems. Well water/septic system inspection. Mold remediation.

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Inspection Real Estate Agent Real Estate Buyers 203

Appraisal Buzz

MARCH 14, 2022

Waiving the financing contingency and conducting a pre-inspection, both … The post Bidding War Competition Heightens appeared first on DSNews. The post Bidding War Competition Heightens appeared first on Appraisal Buzz.

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Inspection Finance Appraisal 195

Housing Wire

MARCH 11, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. The COVID-19-related flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on March 31, 2021.

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Lending Appraisal Inspection Property Appraisal 485

Housing Wire

JULY 6, 2023

Fannie Mae’s guidance comes as an update to its Selling Guide in consultation with the Federal Housing Finance Agency (FHFA). The update will prohibit the sale of condo units or co-op shares in projects with unfunded repairs totaling more than $10,000 per unit.

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Inspection Government Tools Finance 370

Housing Wire

JUNE 22, 2023

In the letter , addressed to FHFA Director Sandra Thompson , the associations ask for “reasonable” building inspection requirements for aging infrastructure. The groups also offer feedback on how the Fannie Mae and Freddie Mac temporary requirements for condos and cooperative projects could be improved.

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Lending Development Inspection Realtors 370

Housing Wire

MARCH 22, 2021

And waiving the financing contingency is the second-most effective bidding-war strategy, Redfin officials said – improving homebuyers’ odds of winning by 66%. Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021.

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Inspection Inventory Buyers Sellers 545

Appraiserblogs

APRIL 19, 2023

The act specifically states that only a casual or drive-by inspection can be performed when it comes to consumer loans secured by real estate, and no opinion can be rendered as to its value nor any fee charged for such an inspection. ARTICLE 38. THE REAL ESTATE APPRAISER.

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Law Inspection Real Estate Training 146

Appraisal Buzz

DECEMBER 20, 2021

It quickly became apparent that the health risk would prevent professional fee appraisers from entering properties in order to inspect them for their appraisal reports. That changed in March 2020 when the COVID-19 virus struck. The industry was on the cusp of a serious crisis. The impact on the appraisal business lasted all year.

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Valuation Inspection Appraisal Lending 367

Housing Wire

DECEMBER 24, 2020

Porch, a home services marketplace with partners in insurance, utilities, home inspection and moving, plans to use the cash to pursue acquisitions to seize the opportunity in real estate. acquisitions, divestitures and financings) of the Company.” They’ll also focus on the home insurance industry.

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Inspection Insurance Finance Valuation 417

Housing Wire

JUNE 23, 2022

In order to continue protecting the healthy functioning of the housing finance market as the impact of COVID-19 lingers, issuers still need these prudent flexibilities to help manage persistent operational challenges,” said Alanna McCargo, president of Ginnie Mae, in a statement. 30, 2022.

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Inspection Government Finance Development 421

Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document.

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Home Improvement Realtors Real Estate Agent Inspection 410

Housing Wire

JANUARY 27, 2023

Rent hike protections Nearly one-third of all rental units nationwide are financed with federally backed mortgages — and the blueprint may help curb some of the steep rent price increases for these properties. Fannie Mae provided more than $69 billion in debt financing to support the multifamily market last year.

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Tenants Landlords Finance Government 410

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

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Renovations Finance Inspection Buyers 369

Housing Wire

JANUARY 14, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. The flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on Jan. 28, 2021.

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Lending Appraisal Inspection Property Appraisal 540

Realtor

MAY 17, 2023

What contingencies impact sellers before closing on a house While the burden is on the buyer to finalize financing for the home purchase and to obtain homeowners insurance , some contract contingencies will impact you, too, especially if you’re living in the home. Another important step prior to closing on a house is the appraisal.

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Sellers Inspection Contracts Property Taxes 142

Appraisal Buzz

AUGUST 9, 2021

Not so long ago, there were very few appraisers that knew about property inspection waivers. This policy relates to completing appraisal reports for mortgage finance transactions. The GSEs implemented policy around the COVID-19 pandemic to temporarily allow for flexibility in reporting and inspecting/observing properties.

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Appraisal Inspection Lending Business 435

Eppraisal

JUNE 23, 2023

Now, we'll dive into the final stages of the homebuying process: financing your purchase and navigating the closing process. Finalizing Your Financing A. You're now equipped with the knowledge to navigate the financing and closing process of buying your first home. Congratulations!

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Finance Inspection Insurance Real Estate Agent 36

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Appraisal Inspection Real Estate Agent Training 410

Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. In March 2022 , the Federal Housing Finance Agency (FHFA) made hybrid appraisals a permanent fixture.

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Modernization Appraisal Lending Investing 485

Housing Wire

APRIL 4, 2024

The professionals who have the expertise to guide them tend to disappear shortly after they finance the home, leaving the consumer lost. Getting a home is exciting, but taking care of one is usually a series of unexpected and costly expenses.

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Marketing Real Estate Inspection Mortgage 308

Housing Wire

JANUARY 13, 2021

Are borrower-assisted inspections here to stay? The Federal Housing Finance Agency is currently considering implementing hybrid appraisals that enlist a third-party – typically an appraiser trainee, home inspector or real estate agent – to collect the data for a lender and certified appraiser once past the automated underwriting system.

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Appraisal Real Estate Agent Inspection Valuation 423

Housing Wire

JUNE 10, 2022

In 2016, New York passed a law establishing that lenders and servicers must inspect, secure and maintain zombie properties — which are defined as vacant and abandoned homes whose owners are behind on their mortgage payments. . billion, according to Inside Mortgage Finance. In 2019, then-Gov. The company also is No.

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Law Inspection Mortgage Finance 421

Housing Wire

DECEMBER 8, 2020

Since our Series A financing earlier this year, Sundae’s marketplace has seen record growth,” Josh Stech, Sundae cofounder and CEO said in a statement. If the seller accepts the offer and an inspection is completed, Sundae offers a $10,000 cash advance prior to closing to help homeowners with moving costs and other expenses.

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Investors Sellers Real Estate Inspection 384

Genworth MI Blog

FEBRUARY 29, 2024

Handling property condition concerns on the appraisal report That said, if photos or notes outlined in the appraisal report cause concern for the reviewer, further inspection or repairs may be required. Property conditions that impact subject livability, soundness, and/or structural integrity may cause such further inspection/repairs.

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Appraisal Inspection Training Real Estate 88

Housing Wire

MARCH 1, 2023

Change in uninsured losses As of late, however, the uninsured losses are being absorbed by other stakeholders in the housing finance system, including mortgage lenders, mortgage servicers, private mortgage insurers, government agencies, capital markets investors, and the government-sponsored enterprises.

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Insurance Supply Chain Design Government 384

Housing Wire

FEBRUARY 16, 2022

In its announcement, the CFPB said that “former government employees and other individuals who are paid to influence the agency’s rulemaking agenda behind the scenes will be asked to submit their petition for public inspection instead.”

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Government Inspection Law Finance 284

D Fritz Appraisals

AUGUST 11, 2022

Even with a trusted real estate professional on your side, you should always choose to get a professional inspection and appraisal of the home to give you peace of mind during the process. . Get pre-approved for a mortgage to show the current owner/seller you can afford to finance the home. How To Make A Sight Unseen Home Purchase.

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Real Estate Agent Inspection Real Estate Sellers 119

Appraisal Buzz

FEBRUARY 7, 2022

Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. During 2020 and 2021 as the Covid-19 pandemic global pandemic disrupted our lives and the way we all do business, regulators, agencies, and the government sponsored enterprises allowed inspection relief in certain circumstances.

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Appraisal Inspection Development Technology 435

Housing Wire

FEBRUARY 7, 2022

Our role in housing finance brings important responsibilities.”. In addition to strengthening fair housing guidance for its vendors, Fannie Mae is increasing inspections of properties in majority minority areas, and “retooling” its quality control methodology.

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Inspection Design Government Real Estate 384

Housing Wire

APRIL 11, 2023

The buyer must wait for bank approval, secure financing, complete inspections and perform last-minute walk-throughs to ensure all necessary documents and requirements are being processed. Once an offer is made and the purchase agreement is completed, the escrow is opened. Then, deposits and any other payments can be made.

Real Estate 384

Real Estate Legal Sellers Buyers 384

Appraisal Buzz

DECEMBER 20, 2021

Deephaven is a full service, multi-channel, long-term credit provider in the Non-QM space, providing access to financing to millions of underserved customers throughout the U.S. To learn about RemoteVal or request a demo, brokers can visit incenteram.com/remoteval. About Deephaven. For more information, please visit incenteram.com.

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Appraisal Mortgage Technology Appraisal Process 195