Smart Inspections
The Appraiser Coach
JULY 19, 2022
This woman said that she has been using an iPad for years to do her mobile inspections, but had heard. I was recently contacted by an individual with a question. Read More.
ICE unveils two new property valuation solutions
Housing Wire
MARCH 18, 2024
As part of our overall mission to digitize the housing continuum, ICE is marrying technological innovation with our vast data assets to bring transparency and accuracy to a complex, often confusing market.” Consumers will supplement their requests with pictures of the property.
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Trending Sources
How Today’s Market Impacts the Appraisals and Inspections Landscape
Genworth MI Blog
AUGUST 31, 2022
The housing market has seen many changes over the past couple of years, some as a result of the COVID-19 pandemic and some from the rapid changes in the economy. With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer.
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Owning a condo in Florida is becoming less attractive: Redfin
Housing Wire
FEBRUARY 26, 2024
In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return.
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New American Funding onboards top Chicago loan officer
Housing Wire
APRIL 2, 2024
Steinway also expects NAF’s “expansive” product mix, such as NAF Cash , will help him achieve more production volume in a highly competitive market. Chicago, I think, is suffering more than most markets in the United States. There are a lot more as-is offers being made out there than I would ever see before.
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10 Costs of Buying a Home You Need To Know About
Realtor
NOVEMBER 7, 2023
This amount can change depending on market factors. If the market is cold, a seller could be happy with less than 1%. Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for. Home inspection : This is critical for home buyers. Pest inspections : Roaches are one thing.
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The Complete Guide to Buying a Home As a Government Employee
Raleigh Realty
MARCH 29, 2021
Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?
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Ginnie Mae extends some COVID-19 policies
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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UWM rolls out construction-to-permanent loans
Housing Wire
FEBRUARY 1, 2023
It also has one interest rate with an automatic modification if the market improves once construction is complete, along with one down payment, one full credit report to order and one approval, according to the firm. This type of loan only has one set of closing costs to pay, reducing the borrower’s overall fees.
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Why it’s time for the housing industry to get serious about climate risk
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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Saving Photos as an Appraiser
The Appraiser Coach
MAY 18, 2021
I probably take about 20-25 per house that I inspect. It is no secret that we as appraisers take a lot of photos. Then there are all the comp photos. Read More.
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Biden administration rolls out renter protections as rent prices soar
Housing Wire
JANUARY 27, 2023
The federal government and numerous federal agencies will take action on these and other issues outlined in the blueprint. The administration said it will also launch the “resident-centered housing challenge,” which leans on housing providers and state, local and tribal governments to expand access to housing through stronger policies.
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Your Best Friend as an Appraiser
The Appraiser Coach
MARCH 12, 2021
Even when we’re out, we’re still doing work-related tasks like shooting pictures and doing inspections. Many appraisers work out of our homes, not interacting with office staff or other appraisers. Read More.
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The hybrid appraisal is here. Who benefits?
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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Class Valuation acquires AMC AppraisalTek
Housing Wire
AUGUST 3, 2022
billion real estate appraisal services market has cumulatively grown by 32% since 2008.”. AMCs, potentially even more so than firms who do business with the government-sponsored enterprises, are heavily influenced by changes to conventional appraisal standards.
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Remember liar loans of a decade ago? Those same people want to do away with appraisers.
Miller Samuel
NOVEMBER 30, 2018
As we say in the petition , this change can impact several groups in particular: consumers, the taxpayers, the housing market and appraisers. Those are "PiW" loans or have a "Property Inspection Waiver." The seller and the buyer determined the market value by agreeing on the price." Ever heard of straw buyers?
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Agent strategies for getting first-time homebuyers across the finish line
Housing Wire
OCTOBER 16, 2023
However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.
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A View on Risk: Desktop Appraisals
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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How data and technology can combat appraisal bias
Housing Wire
MAY 23, 2023
The need to physically inspect each property will be replaced with data or other inspection options in many cases. Tara Dugan, who works in marketing and real estate for Tavant, said that technology should focus on integrations and aggregations. These additional valuation options will lessen the opportunity for appraisal bias.”
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Why Are People So Complicated?
The Appraiser Coach
DECEMBER 5, 2023
I had gone over to do an inspection for him, and we got to talking about how he had had another guy come through earlier to do an appraisal of his home. He mentioned how his brother’s home of a similar size had sold in a different market for a much higher price.
Deephaven Mortgage and Incenter Appraisal Management Join Forces to Give Non-QM Brokers a Competitive Edge
Appraisal Buzz
DECEMBER 20, 2021
With the United States seeing the largest number of unincorporated self-employed individuals in 13 years, brokers can penetrate a new market of credit-worthy borrowers with Non-QM loans. Deephaven was founded in 2012 and led the rebuilding of the non-government mortgage market. About Incenter Appraisal Management.
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Fannie Mae pays $53M to settle recession-era discrimination suit
Housing Wire
FEBRUARY 7, 2022
It alleged the government-sponsored enterprise didn’t maintain foreclosed properties in communities of color as well as it did in white neighborhoods. “I As part of the settlement, the GSE said it would, or already has, enhanced its REO maintenance and marketing activities.
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Clear Capital’s loan servicing solution helps servicers evaluate and mitigate risk
Housing Wire
JANUARY 31, 2021
The company recently launched ClearLabs, an in-house research and development group that works alongside industry leaders and government-sponsored enterprises (GSEs) to continually build on what’s possible in compliant real estate valuation and analytics. lenders and nearly every mortgage investor, including the GSEs.
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“Mommy’s not home, but she says you can come in.”
The Appraiser Coach
NOVEMBER 15, 2023
You drive for an hour for an inspection. We’ve all been there before. When you get there, you knock on the door, only to have it opened by the kids. You ask them if their parents are home, to which they respond, “No.” When you call the parents, they say something like, “Oh, I’m not home right now, but the kids will let you in.”
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Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?
Appraiserblogs
MARCH 7, 2024
Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. Despite its roots in a methodology designed to support appraisers, Value.
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Navigating the Slow-Down
Appraisal Buzz
MARCH 26, 2024
In a recent reflection on my appraisal business, I want to share an inspiring story about a fellow appraiser who defied market challenges and achieved remarkable success. Amidst a general market slowdown, this appraiser not only weathered the storm but thrived. The choice is ours — stagnate or thrive.
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4 Things I Wish I’d Known Before I Got an FHA Loan
Realtor
AUGUST 1, 2018
We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. To be approved for the loan, the house must pass an inspection conducted by the U.S. ” (Note: This inspection is not a substitute for a regular home inspection, which you should absolutely get, too.). .
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Are these factors creating chaos in your mortgage lending ops?
Housing Wire
JUNE 7, 2022
On the servicing side, a default servicer will work with a number of third-party vendors to gather collateral valuation, title information, property inspections and field services reports. Originators will lose out to quicker competitors, especially in a purchase money market. Challenge 2: Shrinking margins.
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Race and the Property Valuation Industry
Appraisal Buzz
MAY 31, 2021
Only the wife was at home to greet the appraiser when they arrived to inspect her home. The term “redlining” comes from the development by the New Deal by the federal government of maps of every major metropolitan area in the country. Government Segregated America. The wife is African American, and her husband is white.
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Buying A Foreclosed Home In 6 Steps
Quicken Loans
JUNE 8, 2021
But if you work with a real estate agent who understands your local foreclosure market, the stress shouldn’t be much higher than during a traditional home buy. There are also plenty of risks: A home you buy at an auction might have a lien on its title from a government agency, especially if the former owners stopped paying property taxes.
How to get a real estate license in Ohio (OH) in 5 steps
Housing Wire
NOVEMBER 30, 2023
Culture, cutting-edge technology, marketing assistance, and training are key to succeeding as an Ohio real estate agent, so look for a brokerage that provides the agent services and resources you need to maximize reach for your clients. government-issued alien registration card U.S. government-issued military identification card U.S.
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How To Appraise Rural Properties
Appraisal Today
MARCH 15, 2024
Defining rural properties – USDA and GSEs Challenges of appraising rural properties Appraising rural properties presents unique challenges due to their diverse characteristics and market dynamics. We’ve found five glorious examples of glass houses on the market right now.
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Responding To the 5 Most Popular Questions From Agents
The Appraiser Coach
DECEMBER 13, 2022
Imagine you’re at an inspection. During your standard walk-through, you look out the window and see a car pull up into the driveway. Your mind starts racing when you see. Read More.
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Commercial Appraisal: Understanding the Basics
AmeriMac
NOVEMBER 30, 2023
Factors like market conditions, property conditions, income stream, comparable sales, and income potential are considered. They provide an objective opinion on the value of a property, considering factors such as market conditions, comparable sales, and income potential.
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4 Things I Wish I’d Known Before I Got an FHA Loan
Realtor
AUGUST 1, 2018
We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. To be approved for the loan, the house must pass an inspection conducted by the U.S. ” (Note: This inspection is not a substitute for a regular home inspection, which you should absolutely get, too.). .
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What Is A Home Appraisal?
DataMaster
APRIL 6, 2021
The market was hot and homes were selling for $10 to $20 thousand more than the asking price. In Art’s eyes, the valuation of his home wasn’t keeping up with the current market’s trajectory. An appraisal is an unbiased valuation of the fair market value of a home. Let’s explore how appraisals work!
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5 best Arizona real estate schools for 2024
Housing Wire
DECEMBER 8, 2023
Includes current issues and trends in AZ real estate & property inspection issues CE Sales Package #1 with Ethics: 12 of the 24 required hrs of coursework (9 mandatory & 3 general hrs). Course includes contracts used in real estate transactions with samples and practical contract completion exercises.
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Say What? Home-Buying Lingo You Should Know
Zillow
JULY 15, 2019
American Society of Home Inspectors (ASHI) : A not-for-profit professional association that sets and promotes standards for property inspections and provides educational opportunities to its members. Buyers market : Market conditions that exist when homes for sale outnumber buyers.
Houston Housing Market Forecast: Current Data & 2021 Predictions
Houston Properties
JANUARY 13, 2021
Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market. Need To Sell?
Why Manufactured Housing Deserves a Fresh Look
Genworth MI Blog
MAY 28, 2020
Myth 4 : Manufactured Homes Represent a Small Market. This Act established a Duty-to-Serve obligation for the Government Sponsored Enterprises (“GSEs”), which includes a focus on rural markets , manufactured housing, and affordable housing preservation. predictable scheduling, no weather delays, ease of inspection, etc.).
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Five Contract Contingencies Home Buyers Should Consider
Will Springer Realtor
MAY 2, 2023
INSPECTION While the first two contingencies are extremely important, I like to think this one is the most critical. More on home inspections.) This contingency is typically seen when buyers have more leverage (a buyer’s market) and when they have no other means to afford their purchase.
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New Year, New You: Transforming Your Appraisal Career in 2023
McKissock
JANUARY 6, 2023
Additionally, there are the state and local departments of transportation, the buildings and land management departments, as well as federal government agencies, such as the Department of Defense, the Bureau of Land Management, and General Services Administration (GSA). Non-lending appraisal courses.
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Appealing Property Taxes with a Real Estate Appraisals
The Appraiser Coach
AUGUST 9, 2021
Sometimes your home is assessed at more than it is actually worth on the current market which could result in you paying higher property taxes than you should. Read More.
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Today's Veterans Affairs (VA) Home Loan
Eppraisal
MAY 25, 2021
VA home loans are provided by private lenders and according to the website, benefits.va.gov, the United States government guarantees a portion of the loan, enabling the lender to provide you with more favorable terms. With the VA loan, it comes with a government guarantee. Eligibility Wondering if you are eligible for a VA home loan?
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