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How About Loan Conditions?

George Dell

How about “loan conditions”? The post How About Loan Conditions? Appraisal Modernization Series Loan Conditions Series RiskClients only need a value in order to quantify risk. Is this scary?

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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?” Read Part I here Loan Conditions. Market conditions, for any particular market, price levels – trend together.

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The American Dream and Bias in Loans?

George Dell

Do we need a “loan conditions” adjustment? Loan conditions have nothing to do with ‘financing’ adjustments as we know them! So how might loan conditions affect “market value”? Financing conditions are often related to motivation in sale […].

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CoreLogic acquires digital mortgage platform Roostify

Housing Wire

“Due to limitations on when and how lenders receive data about property and borrowers, errors and loan conditions aren’t exposed until much later in the process, during processing and underwriting,” the company said.

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With little competition, homebuilders are feeling better

Housing Wire

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes.

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Homepoint the latest lender to raise conforming loan limits

Housing Wire

Ann Arbor, Michigan-based mortgage lender Homepoint has raised conforming loan limits ahead of the Federal Housing Finance Agency ’s (FHFA) decision expected to November. The expansion will remain in effect until the 2023 FHFA conforming loan limits are implemented in December.

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Sun West unveils NFT loan powered by AI technology

Housing Wire

Loan originator and servicer Sun West Mortgage Co. has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs).

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When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

A ten-year old bathroom may be in good condition. Therefore, as homes become older, generally, instead of making age adjustments, condition adjustments are utilized more often. Effective age is the age indicated by the condition and utility of a home. How About Loan Conditions?

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Does Refinancing Affect Your Taxes?

Assurance Financial

Adding a central heating or air-conditioning system. For tax purposes, if you use your cash-out refinance funds for something other than home improvement or repairs, this is considered a home equity loan. Jumbo loan : Sometimes your dream home exceeds the limits of conforming loans.

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What is a Conditional Loan Approval?

PennyMac

When you submit a mortgage application, the loan underwriter will give the application a status of its approval. One common term you’ll hear is “conditional approval.” What is conditional approval? What Is Conditional Approval? Conditions for a Conditional Loan Approval.