Housing Wire

DECEMBER 31, 2021

Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S. Industry experts also predict that home inventory will increase in 2022, creating more options for borrowers. Bank Home Mortgage , said at the MBA Annual convention.

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Marketing Law Government Mortgage 414

Housing Wire

JUNE 29, 2022

As mortgage rates rise, inventory remains low and digital trends accelerate, navigating the changing borrower landscape requires tailored strategies. Loan officers must understand what modern millennial and Gen Z homebuyers want from their lenders.

Loan Officers 400

Loan Officers Mortgage Modernization Business 400

Housing Wire

MAY 25, 2021

Fair Lending is a great example of this. Even though the Trump Administration rolled back the disparate impact standard, amongst other changes, the need to comply with Fair Lending regulations and requirements did not change. HW: From a loan quality and risk management perspective, what areas should lenders be watching closely in 2021?

Clients 381

Clients Lending Technology Modernization 381

Housing Wire

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. With a deadly combination of the tight housing inventory , reduction in refis and surging mortgage rates, consolidation seems to be the natural path.

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Mortgage Technology Loan Officers Investing 330

Housing Wire

MARCH 28, 2022

Now, after two years of drinking from a firehose, mortgage lenders must pivot once again to succeed in the vastly different lending landscape that lies ahead. Lenders’ focus on tightly managing margins was replaced by the need to triage an unprecedented surge in refinance volume, which led to a record-shattering $4.3 trillion in U.S.

Marketing 342

Marketing Real Estate Agent Business Transportation 342

Housing Wire

OCTOBER 2, 2020

Like other mortgage firms, California-based AmeriHome has captured a glut of business over the last year due to low interest rates and paltry inventory. Year-to-date, AmeriHome has booked $642 million in revenue for the 12 months that ended June 30, according to the S-1 filing.

Valuation 238

Valuation Mortgage Business Modernization 238

Appraisal Today

JANUARY 5, 2024

I suppose it is because most appraisals are done (now) for residential lending purposes. Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes. Lender issues are a significant factor in USPAP and Myths 1 to 4. Excerpts: 4 Bedrooms, 4.5

Appraisal 75

Appraisal Contracts Legal Business 75

Clear Capital

MAY 24, 2022

As a leading real estate technology company, Clear Capital pioneers new advances in AVMs for mortgage lending. Get an AVM for mortgage lending with current property data and speed. But due to the pandemic, there’s been a lower amount of inventory or active listings on the market.

Housing Market 69

Housing Market Valuation Marketing Real Estate 69

Appraisal Today

MAY 27, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. The market changing again with increasing interest rates, in the inevitable ups and downs of mortgage lending. Mortgage lending from the 1870s to today.

Construction 52

Construction Appraisal Modernization Contracts 52

Appraisal Today

APRIL 21, 2023

Despite the fresh coat of paint and a small but modernized kitchen and bath, the home retains many of its original features, including the loft bedroom, where the school’s headmistress once slept. Among the DOJ’s findings, from 2015 to 2021, all but one of the 101 mortgage lenders PNB employed in the lending area were white.

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Appraisal Contracts Modernization Mortgage 52

Appraisal Today

AUGUST 5, 2022

Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. Excerpt from emailed notice: “Valuation Modernization: New perspectives on collateral underwriting” is a must-see for underwriters and appraisal reviewers. Be sure to put in a comment requesting it. ==. Find out why not.

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Appraisal Valuation Contracts Modernization 59

Appraisal Today

FEBRUARY 9, 2024

The government and those that write the rules also state the purpose of an appraisal is to determine the value of the home/property in its market setting, so an underwriter can make a lending decision. Back in the day, this protected the lender from lending more than the home/property is worth. MORTGAGE LENDING IS VERY, VERY CYCLICAL.

Appraisal 80

Appraisal Contracts Insurance Construction 80

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ The GSEs started keeping track in 71.

Insurance 79

Insurance Appraisal Contracts Mortgage 79

Appraisal Today

FEBRUARY 16, 2024

Never use a lending form (such as a 1004) for estate work. For non-lending work like estate work, you can use a good, protective engagement agreement. acre lot A unique home with modern architectural features seldom seen in a suburban setting. My comments: MORTGAGE LENDING IS VERY SLOW NOW. Yes, appraisers do this.

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Appraisal Contracts Training Architecture 80

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B billion tax fraud scheme. Right now, nothing compares to it.” The 30-year fixed rate increased to 6.69

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

AUGUST 4, 2023

However, high mortgage rates and limited affordable inventory keep exerting pressure on potential homebuyers. Unless there are improvements in affordability and inventory, the market dynamics will likely stay consistent.

Appraisal 71

Appraisal Business Contracts Real Estate 71

Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024. The Fed’s revised lending forecast sparked a celebratory mood among investors, particularly those tracking U.S.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

MAY 9, 2022

That was within the 28% ceiling considered affordable by common lending standards. ” The increased number of listings and slight slow-down of the market have helped boost inventory numbers. Inventories rose in the past month across the county (0.8 the highest percentage since Q3 of 2008. MAY HOUSING UPDATE. a month ago.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

SEPTEMBER 8, 2021

There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. A drying up of listings sent inventory figures lower. in July, and condo inventories were 1.0,

Construction 36

Construction Inventory Buyers Real Estate 36

Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = The reality is you don’t know what you don’t know, especially if you’ve never done non-lending appraisals.

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Appraisal Business Contracts Real Estate 52

Appraisal Today

JULY 29, 2022

It sits in the Sarasota beachfront neighborhood of Lido Shores, an area that’s a haven for modern architecture. We’ve seen a massive change in housing inventory. Two days later, the FOMC upped the discount rate, the Fed’s primary lending rate to commercial banks, by 50 basis points to 10.5%. July 25, 2022 . By Ryan Lundquist .

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Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

NOVEMBER 10, 2023

addition in 2011 expanded its footprint and modernized its features also adding a 4-car garage. They are working closely with FHFA on how to handle the risk associated with that—things like accuracy, condition, default risk, fair lending, and city vs rural. Originally constructed in 1973, an 1100 ht.sq.ft. percent the previous week.

Appraisal 63

Appraisal Contracts Design Mortgage 63

Will Springer Realtor

FEBRUARY 8, 2023

There is about 9 months’ available supply (down from 13 the month previous), meaning it would take that long for all existing inventory to sell before needing to be replenished. Bedroom-sized home offices are no longer the norm in modern floor plans. Seattle feels unsettled. Uncertain of its direction.

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Retail Design Development Landlords 36

Appraisal Today

SEPTEMBER 1, 2023

If the appraisal is for lending purposes, be sure to find out if it is “lendable” before spending much time on it. To read more, click here My comments: For decades, George has been trying to “modernize” how appraisals are done. The one below with a jail is a good example! Down the page is a $1 listing. A Man On a Mission!

Appraisal 78

Appraisal Contracts Mortgage Real Estate 78

Will Springer Realtor

OCTOBER 11, 2022

While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. months’ inventory for all homes on the market and in the single-family category. months (or 40 days) worth of inventory is on the market. months’ inventory.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

NOVEMBER 10, 2023

Clarence Stone, from American Political Science Review, offered this after reading Privatopia: “For those genuinely concerned with the moral fiber of modern America, they might well heed McKenzie’s warning about uncritically accepting the privatization of citizenship in an income-segregated society.” metros, according to ATTOM.

HOA 36

HOA Buyers Law Supply Chain 36

Appraisal Today

SEPTEMBER 9, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (10 years ago). Is there room for more improvement? The refinance share of mortgage activity increased to 30.7 percent of total applications from 30.3

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Inventory levels have an impact on property valuation, at least in the short term. Is there room for more improvement? Let the story begin.

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Appraisal Insurance Real Estate Business 52