Housing Wire

APRIL 21, 2021

During the Mortgage Bankers Association’s spring conference on Tuesday, FHFA Director Mark Calabria hinted that the power of attorney, verification requirements and condo project reviews would be wrapping, however, more likely “this summer.”

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Housing Wire

FEBRUARY 7, 2022

Independent mortgage banks have been “completely blindsided” by the increase in enforcement activity, said Daniella Casseres, who leads the mortgage regulatory practice group at law firm Mitchell Sander. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

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Housing Wire

MARCH 13, 2023

The lawsuit alleges that an appraiser with 20/20 Valuations lowered the valuation of a home because the owners, Nathan Connolly and Shani Motta, were Black — and were also denied the owners’ mortgage refinancing application with loanDepot based on the lower appraisal, which violated the FHA and ECOA.

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Appraisal Buzz

APRIL 15, 2024

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. It all starts with the standard appraisal forms used in the mortgage process.

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Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Isn’t that all that appraisers do? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value?

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Aedis Appraisals

JUNE 13, 2017

So, if you happen to be interested in getting a real estate appraisal in Toronto , for instance, feel free to use this article as an introductory guide to understanding the ins and outs of the modern appraisal process. What Is an Appraisal and When Do I Need One? Home Appraisal and Home Inspection Differences.

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McKissock

DECEMBER 10, 2021

Plus, what will it take to modernize the appraisal process? Read on for this week’s appraisal news and insights. They look at forecast models from seven different industry leaders: Zillow, Goldman Sachs, Redfin, Corelogic, Fannie Mae, Freddie Mac, and the Mortgage Bankers Association. ” Read the full review.

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Housing Wire

MAY 27, 2022

Likewise, a 2021 Freddie Mac study of more than 12 million appraisals dating back to 2015 found that appraisers’ opinions of value were more likely to fall below the contract price in Black and Latino census tracts. Some researchers point to appraisal methodology as a culprit.

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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. Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? Mortgage rates were 18%+.

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D Fritz Appraisals

SEPTEMBER 11, 2023

Our 8 Top Picks for Renovations That Increase Home Value When deciding what renovations to complete, consider the following 8 home renovations which have historically proven to bring the biggest return on investment: Kitchen Remodel: 75% – 100% ROI At the heart of the modern home, a kitchen can make or break a sale.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

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Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference.

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McKissock

NOVEMBER 24, 2022

Things to Consider when Appraising Rural Residential Properties Appraisals of rural residential properties do not conform to the typical mortgage lending underwriting expectations of urban and suburban residential properties.

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Clear Capital

JANUARY 5, 2023

As a first-time buyer, unless you are among the 6% who purchase their homes entirely with cash , you are likely financing the transaction and your mortgage lender will require an appraisal. The potential for appraisal bias in home valuation has recently garnered public attention and regulatory scrutiny. points for Blacks.

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Clear Capital

MARCH 30, 2022

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. Clear Capital ® , a national real estate valuation technology company, has announced the launch of Desktop Appraisal and Desktop Data Collection , two products designed to further modernize and increase certainty in the appraisal process. .

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East Coast Appraisal

MARCH 22, 2022

As a homeowner, you may need to apply for a mortgage refinance at some point. One of the most compelling reasons to refinance your mortgage is to reduce the interest rate of your current loan. Other reasons for mortgage refinancing include adjusting your loan terms or switching mortgage firms. Make Repairs .

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Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.

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Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What is a desktop appraisal?

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Clear Capital

MAY 24, 2022

Using an Automated Valuation Model (AVM) for real estate valuations isn’t new in the mortgage industry. Each year, technology plays more of a role in valuing homes for property appraisals , loan originations, secondary market investments, and even portfolio monitoring. Choose an AVM that has both human and machine learning .

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Appraisal Today

JANUARY 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AMC fees, Real estate forecast, Google Business Profile, unusual homes, mortgage origination stats, etc. Direct lender (and mortgage broker) fees had slight declines and increases, whatever happened to the number of originations. =

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Appraisal Today

AUGUST 18, 2023

Be sure to put in a comment requesting it. == The Future of Property Appraisal: Unveiling the UAD Redesign and New URAR By: McKissock August 15, 2023 At the recent Valuation Expo conference in Las Vegas, Heather Sullivan (Aloft), Ken Defeo (Fannie Mae), and Sean Murphy (Freddie Mac) provided a peek at some of the upcoming changes.

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AmeriMac

JANUARY 3, 2022

Again, the appraisal process is in service of coming to an objective value for the home to make sure that buyers don’t pay anymore than it is actually worth. It’s also critical because most mortgage lenders won’t actually offer a loan for more than the home is actually worth, making appraisals a requirement for most buyers.

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AmeriMac

JANUARY 3, 2022

Again, the appraisal process is in service of coming to an objective value for the home to make sure that buyers don’t pay anymore than it is actually worth. It’s also critical because most mortgage lenders won’t actually offer a loan for more than the home is actually worth, making appraisals a requirement for most buyers.

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Appraisal Today

NOVEMBER 20, 2022

NOTE: Please scroll down to read the other topics in this long blog post on State board complaints, non-lender appraisals, mortgage forecast, real estate market changes, unusual homes, mortgage origination stats, etc. ==. Excerpts: Disciplinary complaints against appraisers are becoming more and more common.

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Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” My Comments on Market Changes. I am on many email lists.)

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