Your Daily Dose of Real Estate News
Signal, Noise, with Seasoning?We hear noise in appraisal work on trend analysis, time adjustment, and “market conditions.” These overlapping terms are related but often mixed in their use. Lack of clarity/definition is perplexing! The confusion may be explained by: Lender/investor goals may vary. Modeling differences in “signal vs. noise.” The relevance of seasonality depends on intended use. First, […] The post Signal, Noise, with Seasoning? appeared first on George Dell, SRA, MAI, ASA, CRE.
Patriotism, Nationalism, and Appraisal? NewFlag waving and appraisal. Huh? The Fourth of July is a day celebrating the anniversary of national independence. Appraisers are supposed to be impartial, objective, and independent. The new nation wanted independence from a King. Appraisers are to be independent of all the other participants in the real estate deal: buyer, seller, listing agent, selling […] The post Patriotism, Nationalism, and Appraisal? appeared first on George Dell, SRA, MAI, ASA, CRE.Broker Products; Legal Thoughts on Dual Licensing;… New"Abandon all hope ye who enter here." (Dante’s words, not Disney’s.) That could be the slogan of Times Square, but for those who just spent days at the Secondary conference in Times Square, trying to avoid everything in Times Square, you can look forward to the same event at the same place in the same hotel next year, May 18-21, 2025. Manhattan has so, so much more to offer. In a year, will groups still be discussing Attorney Opinion Letters, offering a savings on refis and new construction for Agency loans? What about LOs coming real estate agents, and vice… Broker Products; Legal Thoughts on Dual Licensing;… New"Abandon all hope ye who enter here." (Dante’s words, not Disney’s.) That could be the slogan of Times Square, but for those who just spent days at the Secondary conference in Times Square, trying to avoid everything in Times Square, you can look forward to the same event at the same place in the same hotel next year, May 18-21, 2025. Manhattan has so, so much more to offer. In a year, will groups still be discussing Attorney Opinion Letters, offering a savings on refis and new construction for Agency loans? What about LOs coming real estate agents, and vice… Hedging, TPO, ROV, Fee Collection Tools; STRATMOR… NewSome people say, “You’re crazy to stay in residential lending in this environment, and it’s not going to improve dramatically in the near future.” No, this is crazy. Owners of vendors and lenders who are barely eking by, or losing money quarter after quarter, aside, there is plenty of sanity remaining. Given what I heard in Manhattan, we can expect many, many offerings of 2nd mortgage programs and HELOCs from investors and therefore the lenders that sell to them, given the amount of equity that’s out there. LOs know that these are homes, not houses, and many owners focus on… Apr. 18: Credit analyst, bus. dev., LO… New“What do you get if you cross Islam and Capitalism? No more jokes about the profit.” Mid-sized lenders, especially those with branches with P&L models, are examining their cash flow, and, as best I can tell, are saying, “Well, given the lack of profits, let’s take a look at our costs again.” There is informal...Read More “Apr. 18: Credit analyst, bus. dev., LO jobs; events & training; loss mitigation software; MBA P&L stats; Ohio, UWM, & collusion accusations” » Apr. 18: Credit analyst, bus. dev., LO… New“What do you get if you cross Islam and Capitalism? No more jokes about the profit.” Mid-sized lenders, especially those with branches with P&L models, are examining their cash flow, and, as best I can tell, are saying, “Well, given the lack of profits, let’s take a look at our costs again.” There is informal...Read More “Apr. 18: Credit analyst, bus. dev., LO jobs; events & training; loss mitigation software; MBA P&L stats; Ohio, UWM, & collusion accusations” » Apr. 17: Cap mkts., AE, LO jobs;… NewA week from today is “Take Your Child to Work Day.” Something tells me that it won’t be observed in U.S. Government offices. While we’re on family issues, I received this note. “Rob, have you heard of originators sponsoring SPCA pet adoption days, since sometimes when a family welcomes a dog, it is a precursor...Read More “Apr. 17: Cap mkts., AE, LO jobs; lawyers wanted; fraud prevention, loss mit, bridge loan products; cost of hedging; Trump threatens Powell’s job” »
