Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount.

Agents 435

Agents Buyers Sellers Inventory 435

Appraisal Buzz

JUNE 7, 2024

Chopra previously served at the CFPB from 2010-2015. In 2011, the Secretary of the Treasury designated him as the agency’s student loan ombudsman, where he led the Bureau’s efforts on student lending issues. When financial institutions take these types of actions, they risk violating the Consumer Financial Protection Act of 2010.

Contracts 195

Contracts Insurance Legal Business 195

Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It A variation of the conduct code was inserted into the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, and the modern AMC was off and running. It fit well. They’re really just middlemen and nothing else.

Appraisal 435

Appraisal Valuation Business Contracts 435

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

Miller Samuel

FEBRUARY 12, 2019

Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed). The push for fewer mandatory appraisals isn’t the only thing that has hurt the appraisal industry since the Dodd Frank Act was passed in 2010.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Birmingham Appraisal

NOVEMBER 20, 2024

If you had told me in 2010 that I would still be writing my appraisal blog 14 years later I would have said you were crazy, but here I am. Myth #3: The appraisal always comes in at the contract price I have heard this observation from others and would like to address it as a myth because it does not always happen.

Real Estate 91

Real Estate Appraisal Inspection Contracts 91

Appraisal Today

SEPTEMBER 15, 2023

2023) Updated August 2, 2023 Excerpts: Fannie Mae and Freddie Mac (government sponsored enterprises or GSEs) published their Appraiser Independence Requirements in October 2010. This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. Totally different than AMCs!

Appraisal 90

Appraisal Real Estate Agent Contracts Real Estate 90

Housing Wire

SEPTEMBER 25, 2023

If it is not reauthorized by Congress before that date, the mortgage industry could see consequences, including ceding control of certain land use policies and the cessation of some mortgage lending. The authority to provide new flood insurance contracts will expire,” the CRS report said. The borrowing authority of NFIP from the U.S.

Insurance 468

Insurance Lending Mortgage Government 468

Will Springer Realtor

FEBRUARY 13, 2024

Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). The true barometer will be measured by the number of homeowners who enter the market this year – depending on lending rates and personal factors. That’s a whopping 134% more than December and a solid 7.0%

New Listings 55

New Listings Buyers Inventory Lending 55

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

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. As recently as early May, we were still able to say that weekly purchase apps were higher than almost any other week before the pandemic going all the way back to 2010. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.30

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

MARCH 31, 2023

Another student reported that in 2010 (after HVCC was void) a lender client told an appraiser they could not order appraisals directly with appraisers anymore…that they must use a third party. Mortgage Lending In Q4 Hit Lowest Point Since 2014 Refinance mortgage originations hit low point this century. This is nothing new.

Appraisal 52

Appraisal Inspection Contracts Clients 52

Will Springer Realtor

OCTOBER 10, 2023

At the same time, the number of homes going under contract (Pending sales) fell 11% (2087) for the month and 9.8% Total sales dropped 16% (1823) since August and 22% year-on-year (YoY) for the entire county – the fewest sales for a September since 2010 (1488). on the year.

Buyers 65

Buyers Inventory Sellers Housing Market 65

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. Scary, indeed, but are these signs of a pending housing recession?

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

DECEMBER 12, 2023

King County’s 1474 monthly home sales is the lowest for any November since 2010 (1331) – in the middle of the housing crisis. Notably, the Eastside saw a 25% decline in Pending sales (homes under contract) but are still 9.2% 13 to update America when the central bank will likely hold firm on short-term lending rates. higher YoY.

Housing Market 43

Housing Market Marketing New Listings Buyers 43

Will Springer Realtor

FEBRUARY 8, 2023

Facebook (Meta) is evolving its office arrangements, leaving space in Seattle and Bellevue and contemplating additional contraction while opening a new lab (Frank Gehry-designed Building X) in Redmond later this year. That percentage – considered unaffordable by traditional lending standards – is up from 24% in Q4 of 2021.

Retail 36

Retail Design Development Landlords 36

Will Springer Realtor

DECEMBER 19, 2023

Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises. home sales – 3.79M on an annual basis through October – is at a low not seen since August 2010. Um, bye-bye! It’s going to stop getting worse.”

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

MAY 9, 2022

Kitsap County had the fewest number of units built per household formed between 2010 and 2020 (0.55). That was within the 28% ceiling considered affordable by common lending standards. That’s noteworthy to underwriters who review these same documents to determine the risk of lending to a buyer. MAY HOUSING UPDATE.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

OCTOBER 11, 2022

While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. That’s the first time a Fed official has acknowledged the U.S.

Housing Market 36

Housing Market Marketing Real Estate Buyers 36

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. Valuation Equity.

Valuation 69

Valuation Technology Lending Real Estate 69

Appraisal Buzz

DECEMBER 17, 2024

Because of concerns about subprime-style lending that puts homeowners at risk of losing their home, Congress required the CFPB to enhance protections. Most PACE loans are marketed to homeowners, typically through door-to-door sales, by a company who brokers financing and contracts for clean energy installation or other home improvements.

Home Improvement 396

Home Improvement Property Taxes Finance Lending 396