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Is There a Loan Conditions Adjustment?

George Dell

Appraisers have adjustments for “market conditions” and “sale conditions.” Why not “loan conditions?” This is Part II in this series. Read Part I here Loan Conditions. Market conditions, for any particular market, price levels – trend together.

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Non-QM lenders are racing to stay ahead of rates

Housing Wire

The bank calls out 16 non-QM lenders in the text message, indicating it is ramping up scrutiny of its loan reviews, prior to advancing warehouse funding. The bank also indicates it may adjust “haircuts” — the percentage of the loan the originator must fund itself to ensure it has skin in the game.

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Non-Arms Length Sales for Appraisers

Appraisal Today

The type of sale can provide some clarity into whether the transaction was (or currently is) an arm’s length transaction, whether a comparable sale should be used, or whether an adjustment is warranted for the terms of sale for a comparable. It’s all here at Sunset Makai Hale.

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Strange Properties Appraisers Have Seen

Appraisal Today

We’ve organized the strange and spooky properties described by our survey participants into the following categories: Vacant and secluded homes Spooky historic properties Properties in horrible condition Other surprising and strange site visits “Vacant house that neighbors told me had not been occupied for almost 3 years. I understand.

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The jumbo market is up for grabs (Part II)

Housing Wire

Economic conditions, however, are opening up space for new entrants eyeing market share. In Part II of our two-part series, HousingWire crunched the numbers to reveal which lenders have pulled back or exited the jumbo market, and which nonbank lenders and Wall Street firms are moving into the jumbo space. billion in 2022.

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