Appraisal Today

DECEMBER 16, 2022

Industry Insider Insight on Risk and Modernization. Bill Rayburn gave a rousing and lively explanation of exactly what quality means in valuation at a recent meeting. Joe Minnich, a condo risk consultant, spoke on how loans secured by an individual unit in a condominium project have greater risk than found in typical SFR lending.

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Modernization Appraisal Contracts Real Estate 52

Walitt Solutions

JULY 28, 2019

However, given current changes in the valuation space, nothing is further from the truth: valuation, specifically the collection of data that supports a valuation method, has never been one-size-fits-all. Are these “other” inspection-and-valuation processes appropriate for lending?

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Appraisal Inspection Valuation Lending 28

Appraisal Today

AUGUST 5, 2022

Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. The housing market is cooling-off.

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Appraisal Valuation Contracts Modernization 59

Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. Under this framework, mortgage investors like the GSEs would secure valuable data to inform their critical risk models that keep our housing ecosystem safeguarded.

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Housing Wire

DECEMBER 20, 2021

Also, the DEO said it is implementing 20 projects to modernize its systems, and 97% of all eligible benefits requested before Oct.15 According to the Federal Housing Administration, their share of lending to Black borrowers is around 17%, compared to 6% for the rest of the mortgage market. The program prevented $8.3

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Housing Wire

APRIL 20, 2023

The Federal Housing Finance Agency (FHFA) on Wednesday released a proposed rule that would codify many of its regulatory policies related to fair housing and fair lending. The proposed rule would codify in regulation FHFA’s fair lending oversight requirements for Fannie Mae , Freddie Mac and the Federal Home Loan Banks.

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Finance Lending Modernization Valuation 395

Housing Wire

OCTOBER 6, 2020

Purveyors of very complex financial instruments, sold to risk-averse investors under the careful oversight of government regulators, have given us a process that must conform to investor and regulatory compliance requirements. Lending technology out of focus. We have fared much better on the automation side.

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Technology Mortgage Investing Investors 445

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 Added Kan, “Investors remained attuned to the uncertainty around the U.S. billion tax fraud scheme.

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Easement Contracts Appraisal Inspection 52

Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. Kenon Chen.

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Sellers Agents Real Estate Buyers 69

Housing Wire

JUNE 8, 2022

Founded in October 2020 by former Zillow executives who envisioned a way to accelerate the mortgage approval process, the Tomo notched a valuation of $640 million after raising $40 million in Series A funding in March. Blend has attracted a bevy of investors who were impressed by its market position. Halbrook said. “I

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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. Higher mortgage rates mean fewer prepayments and a longer revenue stream of servicing fees combined with higher mortgage servicing right valuations,” Walsh said.

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Marketing Law Government Mortgage 421