Housing Wire

DECEMBER 20, 2021

According to the Federal Housing Administration, their share of lending to Black borrowers is around 17%, compared to 6% for the rest of the mortgage market. These contracts lack protections that accompany mortgages, such as forbearance plans and foreclosure procedures. “We

Mortgage 418

Mortgage Government Contracts Insurance 418

Appraisal Today

FEBRUARY 9, 2024

The government and those that write the rules also state the purpose of an appraisal is to determine the value of the home/property in its market setting, so an underwriter can make a lending decision. Back in the day, this protected the lender from lending more than the home/property is worth. MORTGAGE LENDING IS VERY, VERY CYCLICAL.

Appraisal 89

Appraisal Contracts Insurance Construction 89

Appraisal Today

SEPTEMBER 20, 2024

percent from one week earlier Appraised Value Vs. Sale Price Excerpts: Property sellers often ask professionals who are performing appraisals for mortgage lending, “Why is an appraisal even needed? This was in 2009 in the throes of the Great Recession. But in 2009, Simonson bought a house. 3 on the way. percent from 6.29

Appraisal 82

Appraisal Business Contracts Real Estate 82

Appraisal Today

AUGUST 25, 2023

The sellers custom built the home between 2007 and 2009, using high-end materials and finishes, including a wall of windows and 26-foot-high ceilings in the great room. Never be dependent on the ups and downs of lending again! The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.09

Appraisal 85

Appraisal Real Estate Agent Agents Real Estate 85

Listing Spark

DECEMBER 15, 2022

Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. Where can you find good sources of lending. ” [00:26:51] Where can you find good sources of lending. Where to learn about owner financing.

Finance 36

Finance Investing Real Estate Lending 36

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. We all know this is true. percent from 6.57

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. The hangar was built in 2009, and the home was completed in 2014. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.40 The average contract interest rate for 5/1 ARMs increased to 4.51

Appraisal 52

Appraisal Contracts Business Mortgage 52

Will Springer Realtor

AUGUST 13, 2024

The number of buyer-seller contracts in one month tends to be a preview of the next month’s sales figures; deals typically take 4-6 weeks to close after going Pending. the lowest mark since records were first kept in 2009. Sales of single-family homes on the Eastside (600 units) and in Seattle (552) jumped about 8% from June to July.

Buyers 52

Buyers Investors Sellers Inventory 52

Appraisal Today

JANUARY 3, 2025

Built in 2009 The otherworldly dwelling, which is designed to withstand a Category 5 hurricane, landed on Floridas Space Coast in 2009 and boasts 3,224 square feet of rocket-inspired space. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.97

Construction 91

Construction Appraisal Contracts Mortgage 91