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- Mortgage News Daily
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- Appraisal Institute
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- Ryan Lundquist Blog
- NAR - The Voice for Real Estate
- Bill Cob Blog
- Dustin Harris Blog
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Mary Thompson Blog
PIW - PROPERTY INSPECTION WAIVERS...GOOD NEWS??? NewAs a Realtor you may think great, NO appraisal! No worries..Not so fast!As a Buyer you may think great no appraisal...that saves me money and that must mean the home I am purchasing is worth what I am paying....Not So Fast! What is a PIW? (It is a misnomer for one). It means that Fannie has decided the buyer and property are a good risk and waives the Appraisal on the home. They accept the estimate of the home provided by Lender as valid. "A prior appraisal has to be in the Fannie MAE CU (Collateral Underwriter File...for a waiver to…
LOVE 5 STAR REVIEWS LIKE THIS!IN A WORLD WHERE PEOPLE ARE QUICK TO POST NEGATIVE REVIEWS, IT IS NICE TO GET ONE LIKE THIS, ESPECIALLY IN OUR BUSINESS! THANK YOU! BACK TO WORK NOW! 5 STAR REVIEW MARY THOMPSON APPRAISER
Bryan Lynch Blog
Acreage Property Roads- What to Consider?In my market area, a substantial percentage of my appraisal assignments are country, acreage properties. These assignments rarely involve homes that are apples to apples comparables. I typically have to look at a variety of sales and find aspects of a property that are similar... The post Acreage Property Roads- What to Consider? appeared first on Advantage Appraisals.
Is the Housing Market Slowing?As appraisers, we are constantly analyzing data trends. For the last few years, the headline has generally been “It’s a Seller’s Market.” Simply put, the definition of seller’s market is when there are more buyers than sellers and sellers have the upper hand. A seller... The post Is the Housing Market Slowing? appeared first on Advantage Appraisals.
Rachel Massey Blog
Pre-listing appraisals NewThere is a lot of negative commentary in social media and in the press related to what appraisals are and what appraisers do. Much of it seems to stem from a misunderstanding of the appraisal process. I just saw a YouTube video an agent put together disparaging appraisals from the pre-listing perspective, and instead advocating … Continue reading Pre-listing appraisals
Get by with a little help from…The appraisal field is challenging, difficult to get involved with, difficult to succeed at many times, and ever changing. As appraisers we are often micromanaged, critiqued and criticized. We are often marginalized and put down by others. Sometimes appraisers are more critical of other appraisers than the public or our clients are, and this … Continue reading Get by with a little help from our friends
National data, does not local data make Marketing is a great idea. Agents and appraisers alike need to be in the public eye as individuals on a regular basis, otherwise we are easily forgotten. Cautious marketing however; could be a better idea. We really do not want to impart information that could lead our audience astray, even if it does spark … Continue reading National data, does not local data make
Working RE Magazine
Being the Connected Appraiser— Building Business with…If you lower the barriers to dealing with your firm, customers will choose you first, the connected appraiser. The post Being the Connected Appraiser— Building Business with Connected Tools first appeared at Working RE Magazine.
Understanding CompetencyMerely going through the motions of an appraisal does not develop a credible appraisal. The post Understanding Competency first appeared at Working RE Magazine.
A Very Credible NapkinThe only way an appraiser can offer credibility is by fully understanding what the client wants and needs. The post A Very Credible Napkin first appeared at Working RE Magazine.
HousingWire Valuation
Hurricane Michael may prevent thousands of mortgages…An estimate by real estate data provider ClosingCorp reveals that more than 1,600 pending mortgage transactions are in jeopardy as a result of the devastating impact of Hurricane Michael. The Category Four storm may affect more than $400 million in loans as residents and lenders grapple with the damage left behind in Michael’s wake.
Texas Real Estate Commission, Appraiser Board accused… NewThe Texas Sunset Commission, a state government watchdog agency, said in a report published this month that the Texas Real Estate Commission and the Texas Appraiser Licensing and Certification Board are keeping excess revenue in their coffers to pay for a new building rather than using the money to deal with customer service problems that are “overwhelming” the agencies.
How will FHA’s new HECM appraisal rules… NewThe latest change to the reverse mortgage program was just announced, and it requires a second appraisal on select HECM loans. Now, the industry is abuzz with speculation as to just how impactful the new requirement will be. Will turn-times slow down? Will the loan be more expensive for most borrowers? We talked to appraisal management companies to find out.
Jamie Owen Blog
What is Fenestration and How Can it…You may have never heard the word fenestration until reading an appraisal report. What is it? It is the design and positioning of windows and other openings in a building. Imagine this room, pictured below, without any windows. Or maybe just a small window or two. It would not be nearly as appealing, would it?… Continue reading What is Fenestration and How Can it Effect Value?
Do Tandem Bedrooms and Garages Impact Value?What does tandem mean? The idea of something being tandem literally means one thing that is behind another. What comes to your mind when you think of the word tandem? Sky diving, kayaking, a tandem bicycle? Perhaps a tandem unicycle? In these situations, there is one person in the front and one person in the back. In many of… Continue reading Do Tandem Bedrooms and Garages Impact Value?
Why Having Functional Gutters and Downspouts Is… New When I was a teenager, I drove a lot of old cars because I couldn’t afford a new one. I also did most of the work on them to try to save money. Early on, I learned a valuable lesson when it comes to repairs. Always start diagnosing a problem by checking the inexpensive things… Continue reading Why Having Functional Gutters and Downspouts Is So Important
McKissock
Time Management Tips and Tools for AppraisersTime management is a common hurdle for appraisers and small business owners. In our recent survey, appraisers said providing status emails, answering addendum requests, and answering phone calls are the top three tasks that take up too much time in their workday. Below is a list of time management tips, tools, and resources curated specifically […] The post Time Management Tips and Tools for Appraisers appeared first on McKissock Learning.
Real-Life Appraisers Suggest Ways to Make Their…If you struggle with time management as an appraiser, you’re not alone. Professional appraisers across the country face many of the same hurdles to achieving a flawlessly efficient workday. Here, real-life appraisers share their wish list for things that would make their jobs easier and maximize their productivity. Wouldn’t it be nice if…all AMCs moved […] The post Real-Life Appraisers Suggest Ways to Make Their Jobs Easier appeared first on McKissock Learning.
FAQs About Appraising Solar PanelsDetermining the value of solar panels is an issue that has many appraisers asking questions. Solar panels and green homes are becoming increasingly more common in the marketplace. If you’ve seen a rise in solar panels in your area, consider taking the first step toward competency in the valuation of this energy efficient feature of real […] The post FAQs About Appraising Solar Panels appeared first on McKissock Learning.
DSNews
The Week Ahead: Legal League 100 Webinar… NewOn Wednesday Legal League 100 will be hosting a free webinar on how a national Chapter 13 Plan and new bankruptcy rules will be affecting the housing industry. The post The Week Ahead: Legal League 100 Webinar on 2018 Bankruptcy Updates appeared first on DSNews.
The Unforeseen Consequences of Dodd-Frank NewA decade after the housing market’s collapse, some impacts of the Dodd-Frank Act on the appraisal industry are only beginning to be felt … and not all of them were anticipated. Editor’s Note: This feature originally appeared in the October issue of DS News, out now. The post The Unforeseen Consequences of Dodd-Frank appeared first on DSNews.
After Hurricane Michael’s Landfall … NewThe U.S. Department of Housing and Urban Development announced disaster assistance for homeowners affected by the category 4 storm that hit the Florida coast on Wednesday. Here’s a breakdown of the estimated property damage. The post After Hurricane Michael’s Landfall … appeared first on DSNews.
HousingWire Servicing
Fannie Mae selling $1.88 billion in non-performing…Over the last few years, Goldman Sachs’ subsidiary MTGLQ Investors has been one of the top buyers of non-performing loans from both Fannie Mae and Freddie Mac, buying billions and billions in loans from both of the government-sponsored enterprises. And now, MTGLQ is preparing to buy another $1.88 billion in non-performing loans from Fannie Mae.
HousingWire's Mortgage Services Guide narrows down your…HousingWire’s Mortgage Services Guide is a one-stop shop for finding the service provider your business is looking for. This monthly blog will highlight different services, service providers and insights your business needs to stay compliant and efficient. Visit HW’s Mortgage Services Guide to start your search.
Wells Fargo is back in the mortgage…Once an absolute giant in the mortgage securitization space, Wells Fargo has been noticeably absent from the list of issuers since the housing crisis, but that’s all about to change. The lender is preparing to issue its first mortgage-backed securitization since the meltdown, and unlike its past securitizations, this one is backed by the highest of high-quality loans.
Tom Horn Blog
How Do Appraisers Calculate Price Per Square…Think You Understand Price Per Square foot? Have you ever wondered how appraisers calculate the price per square foot of a home? If so, then I hope you’ll keep reading because I would like to clear up some confusion about how to calculate this popular metric and share my thoughts on how much importance we […] The post How Do Appraisers Calculate Price Per Square Foot? appeared first on Birmingham Appraisal Blog. Related posts: I Can Help Birmingham, AL Realtors With Their Sales Meetings Four areas the appraiser will not include in your homes square footage 5 Reasons Birmingham, AL…
Five Quick Tips For Agents When Communicating… NewCommunicating With The Appraiser Is Important Whatever business you are in communication is very important. This is especially true for real estate agents when they are communicating with the appraiser. Ever since the recession in 2007-2008, there has been a lot of confusion about agent and appraiser communication. A lot of changes were made […] The post Five Quick Tips For Agents When Communicating With The Appraiser appeared first on Birmingham Appraisal Blog. Related posts: Why can’t the appraiser call me when the value is not working out? 6 Appraisal tips for agents in the new year Why agents…
How Healthy Is The Birmingham Real Estate…A Look at the Pulse of Birmingham Real Estate The word on the street is that the country may be sliding into a housing bubble. A housing bubble occurs when housing prices continue to rise faster than peoples income. The availability of cheap money to purchase homes can lead to more buyers and increased competition […] The post How Healthy Is The Birmingham Real Estate Market? appeared first on Birmingham Appraisal Blog. Related posts: What’s happening to Birmingham’s housing inventory? A look at the housing inventory in Shelby County- Is there a shortage of houses? Hillsboro Subdivision, Helena, AL-Home Sales,…
Mortgage News Daily
Digital Products, New Book for LO's; Big… NewWhat’s new here at the MBA’s conference in Washington DC? Plenty of secretive M&A closed-door meetings, continued talk that Ginnie is carefully eying non-bank approved Ginnie issuer’s financial situations, conjecture of MI reps’ jobs in the future if all the MI companies roll out pricing engines, and Fannie & Freddie eliminating some “pricing inefficiencies” to end cherry-picking. The FHFA (overseer of F&F) continue to focus on maintaining access to credit, reduced taxpayer risk, and the infrastructure for a single security. There’s also talk about the BofA/NACA 0% down, 4.5% program. We’re going there again? ...(read more)Forward this article via…
Acquisition/lease Program; Slicing and Dicing Wells' Deal New“Rob, are you hearing about investors taking more of a hard line on every issue right now? In recent years they would give an extra day, or waive something, but they are not doing this right now.” Yes, I am hearing that, and that “hard line” approach impacts the primary markets as well, and LOs should set borrower expectations. The “big guys” are testing the security market right now. (See the capital markets section for an interesting review of Wells’ deal.) Remember that in recent years plenty of securitizers have lost billions in fees and settlements due to loans in…
Non-QM, Digital, Tech Products; MSA Compliance Webinar;… NewWe’re in the middle of mortgage conference season. (Are there any apple orchards left with all the applewood smoked bacon served at breakfasts?) The MBA’s National Conference begins Saturday - yes, nearly every conference eats into the weekend – and attendees will be watching the LTV (lender to vendor) ratio. Plenty of vendors are merging or partnering, raising money, offering new products – lots of news below. And in legal news, there’s even an app that lets people sue anyone! Great – just what we need, huh? ...(read more)Forward this article via email: Send a copy of this story to someone…
MReport
Bank of America Income Rises on “Solid… NewDespite gains in card income and service charges, the non-interest income decreased at Bank of America due to lower mortgage income. Here's how the bank's mortgage lending operations performed during the quarter. The post Bank of America Income Rises on “Solid Loan Growth” appeared first on theMReport.com.
The Week Ahead: Gauging Housing Market Conditions NewOn Tuesday, a new survey will gauge the latest trends in the single-family housing market. Click through to learn more about this survey and other noteworthy events in The Week Ahead. The post The Week Ahead: Gauging Housing Market Conditions appeared first on theMReport.com.
Volatile Markets Impacting Housing Values NewA report issued by a property information and analytics firm examines the accuracy of its home-price forecasts. Find out how close their numbers track with reality. The post Volatile Markets Impacting Housing Values appeared first on theMReport.com.
Appraisal Institute
FHA Reports Appraisal Issues on 37 Percent…The Federal Housing Administration announced Oct. 1 that its investigation into potential appraisal inflations on reverse mortgage loans found that 37 percent were off by at least 3 percent, HousingWire reported. From Oct. 1, 2018, to Sept. 30, 2019, FHA will require a second appraisal on loans the [...]
Multifamily Investors Expect Demand to Drop due…Multifamily investor demand is currently high, but investors could see a change because rent growth went flat in August for the first time in six years due to large amounts of supply under construction, HousingWire reported Oct. 3.
Mall, Lifestyle Center Sectors Unfavorable, CoStar Report…Second quarter space absorption for mall and lifestyle centers is negative with an annual supply growth of 0.6 percent and demand at 0.2 percent, according to analytics firm CoStar, National Real Estate Investor reported Oct. 3.
NAR
Rural Appraisal WaiversFannie Mae is currently offering appraisal waivers in exchange for a mandatory home property inspection, for properties in high-needs rural areas as determined under the Duty to Serve Underserved Markets rule.
FHA Requiring Second Appraisal for HECMsThe Federal Housing Administration (FHA) released Mortgagee Letter 2018-06 which requires a second appraisal for certain Home Equity Conversion Mortgages (HECM).
NAR Provides Feedback to Treasury ReportThe U.S. Department of Treasury issued the latest in a series of reports aimed at improving regulation of the U.S. financial system. NAR provided feedback to Treasury earlier this year on this initiative, highlighting a number of topics of importance to REALTORS®.
Rob Chrisman
Oct. 15: LO jobs; digital products, new… NewWhat’s new here at the MBA’s conference in Washington DC? Plenty of secretive M&A closed-door meetings, continued talk that Ginnie is carefully eying non-bank approved Ginnie issuer’s financial situations, conjecture of MI reps’ jobs in the future if all the MI companies roll out pricing engines, and Fannie & Freddie eliminating some “pricing inefficiencies” to […]
Oct. 13: Compensation, margin compression, setting passwords… NewLots going on out there as lenders continue to work on helping their borrowers, vendors strive for name and brand recognition, and the industry faces higher rates in the future and lower volumes. Not to mention thousands packing their suits and heading to DC. Let’s jump in on margin compression, compensation, appraisal waivers, blockchain, and […]
Oct. 12: AE & LO jobs; construction,…“Rob, are you hearing about investors taking more of a hard line on any issue right now? In recent years they would give an extra day, or waive something, but they are not doing this right now.” Yes, I am hearing that, and that “hard line” approach impacts the primary markets as well, and LOs […]
NAHB
Single-Family Residential Permits Decline in Northeast NewOver the first eight months of 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 599,117. On a year-over-year basis, this is a 6.6% increase over the August 2017 level of 561,938. The preliminary results from the New Residential Construction Survey are similar, year-to-date single-family permits over the first eight months of 2018 was, 599,200 which is... Read More ›
Garages in New Homes: 2017 Data NewA majority of new homes that completed construction in 2017 included two-car garages, according to NAHB analysis of 2017 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions. Except for West North Central division, the 2-car garage was the largest share of the completed homes in all other divisions.... Read More ›
CPI Growth Slows in SeptemberHeadline inflation rose slower in September relative to August, while core inflation was unchanged. The Consumer Price Index (CPI), reported by the Bureau of Labor Statistics (BLS), rose by 0.1% on a seasonally adjusted basis in September, slower than the 0.2% increase in August. The “core” CPI, which excludes the volatile food and energy components, increased by 0.1% in September,... Read More ›
Ryan Lundquist Blog
Slumping volume & rising inventoryVolume is down and inventory is up. Is that a problem? It sounds like a question for a high school Economics class, but here we are talking. Today I want to kick around two quick thoughts and then dive deeply into trends. I hope this helps – whether you’re local or not. Anything to add? […]
Loud tile, fake trends, & staying groundedI’ve been seeing lots of vibrant tile like this lately. Have you? Do you like it or not? Let me know, and let’s also talk about fake trends and market hype. Strong opinions: Last week when sharing a picture of this tile on social media, I heard some strong opinions ranging from, “Dude, that is […]
6 ways buyers have changed since the…There’s lots of focus on how home prices have changed since the previous “bubble”, but let’s talk about how buyers have changed. Here’s some observations. What else have you noticed? 1) More picky: During the previous housing “bubble” buyers seemed so desperate to purchase that they pulled the trigger on about anything, but they’re much […]
NAR - The Voice for Real Estate
The Voice for Real Estate 90: Florence, 20%… NewThe latest Voice for Real Estate news video looks at what you should be doing to take the new 20 percent business income deduction for the 2018 tax year.
The Voice for Real Estate 89: 20%…The IRS agrees with NAR that real estate brokerages shouldn't be subject to a restriction on the 20 percent business income deduction enacted last year as part of the tax reform law that applies to other types of brokerages. Also covered in the video: financial wellness, housing sustainability, home price trends, and ideas from fast-growing brokerages on how to give consumers what they want.
The Voice for Real Estate 88: Flood,…Flood insurance is extended. Lots of opportunities in commercial investment in smaller markets. Home sales slow as inventories remain a problem. More agents are in the business. Fewer international investors are buying U.S. homes. The upcoming iOi Summit promises competitive advantage.
Bill Cob Blog
Dustin Harris Blog
A Little Info on MarketingI am somewhat frequently asked if it is wise to have more than one website as an appraiser. Firstly, let me just say that if you don’t currently have a ... Read More
Appraiser Politics New Recently, I noticed many appraisers were excited about a new bill that was introduced in Virginia. This bill initially sounded favorable to me, but as I examined it more ... Read More
Quality and Condition StandardsEven years after UAD was first implemented, there remains some confusion over the quality and condition rating regulations within the appraiser community. Let’s talk briefly about Fannie Mae’s regulations concerning ... Read More
NREP
New BLME Association Growing Fast NewNew BLME Association Growing Fast The post New BLME Association Growing Fast appeared first on National Real Estate Post.
New CFPB Controversy NewNew CFPB Controversy has come to light with the appointment of the new Head of Fair Housing. The post New CFPB Controversy appeared first on National Real Estate Post.
Make Sure Your Clients are Properly CoveredMake Sure Your Clients are Properly Covered The post Make Sure Your Clients are Properly Covered appeared first on National Real Estate Post.
Paul Rowe Blog
