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The Role of Appraisals in the Mortgage Approval Process

Appraisal Hub

In today’s real estate market, the process of obtaining a mortgage can seem complex and daunting. One crucial step that often goes unnoticed by many prospective homeowners is the mortgage appraisal. It’s conducted by certified and licensed professionals known as appraisers.

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Study reveals alarming inequality trend for Black, Native American borrowers

Housing Wire

Mortgage fairness for Black and Native Americans is no better today than it was 30 years ago, according to a new mortgage fairness report. The report, issued by “fairness-as-a-service” solution firm FairPlay AI , was based on a study of more than 350 million mortgage applications from 1990 to 2021. in 2021 from 1990.

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Fannie Mae appoints Michael Seelig to its board of directors

Housing Wire

Seelig will focus on assisting the organization in their mission of providing financing to the residential mortgage market, Almodovar added. Seelig will focus on assisting the organization in their mission of providing financing to the residential mortgage market, Almodovar added. residential real estate mortgages.

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How to negotiate your home purchase offer

Housing Wire

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. According to industry experts, there is more to a home offer than just the price you are willing to pay.

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

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2020 HW Tech Trendsetter: Jeff Allen

Housing Wire

Now leading Clear Capital’s mortgage collateral modernization programs, Allen is reimagining and re-engineering how home valuations are manufactured and partnering with major lenders and GSEs to bring greater efficiency and speed to the consumer. The post 2020 HW Tech Trendsetter: Jeff Allen appeared first on HousingWire.

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FHFA releases 2021 scorecard for Fannie and Freddie

Housing Wire

As part of its mandate to foster CLEAR national housing finance markets, the FHFA defined key ongoing initiatives the GSEs need to implement: • COVID-19 Market Actions – Continue to respond as appropriate to mortgage market needs related to COVID-19. requirements,” the release states. Non-QM lending is poised for growth in 2021.

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