Housing Wire

NOVEMBER 17, 2022

Jim Amorin, the CEO of the Appraisal Institute , on Thursday announced his resignation from the appraisal trade group. In a statement, the Appraisal Institute said Amorin’s five-year term will end effective Feb. The racial gap itself in appraised values increased by 75% during that period. as Hispanic.

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Appraisal Buzz

JANUARY 2, 2025

The post More Renters Are Staying Put appeared first on Appraisal Buzz. The excessive costs of moving, or paying rental brokers in cities like New York, has also discouraged renters from moving regularly. Nearly one in six (17%) renters had lived in the same property between five and nine years in 2023, compared to 14.4% a decade earlier.

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Appraisal Buzz

DECEMBER 6, 2021

The shortage of appraisers within the industry has been well publicized recently and no doubt plenty of you reading this article have experienced the impact of this shortage first hand. According to the Appraiser Institute , more than 10,000 appraisers have left the industry since 2013. AMCs Driving Tech Innovation .

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Appraisal Buzz

FEBRUARY 17, 2025

have a rate of 4%-4.99%, the lowest share in records dating back to 2013. The post Many Homeowners With Mortgages Locked Into High Interst Rates appeared first on Appraisal Buzz. Greater than or equal to 6% : 17.2% of mortgaged homeowners have a rate greater than or equal to 6%, the highest share since Q4 2016. 5%-5.99% : 9.5%

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Housing Wire

FEBRUARY 9, 2023

Education media publisher Appraiser eLearning (AEL) bought Valuation Expo and Appraisal Buzz from Joan Trice , who created the two entities about 20 years ago. The Maryland-headquartered Appraisal Buzz sends out newsletters two times a week, featuring articles and submissions from industry leaders, according to its website.

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Appraisal Buzz

JANUARY 31, 2022

With an emphasis on the Golden State, investors in 2021 comprised the highest share of single-family home and condo sales nationwide since 2013. The post Institutional Investors Reach Seven-Year High in Home Purchases appeared first on Appraisal Buzz.

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Appraisal Buzz

JUNE 25, 2021

The post HUD Proposes Reinstating 2013’s Discriminatory Effects Rule appeared first on DSNews. The post HUD Proposes Reinstating 2013’s Discriminatory Effects Rule appeared first on Appraisal Buzz.

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Appraisal Buzz

FEBRUARY 4, 2025

From 2013-2022, insurance as a percentage of mortgage payments more than doubled, rising from 7%-8% to over 20% of mortgage costs. Real Estate Market appeared first on Appraisal Buzz. Key Findings Climate risk reshaping real estate fundamentals: Climate change is transforming the U.S. The post How the Climate Is Reshaping the U.S.

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Housing Wire

FEBRUARY 27, 2025

As one of the first lenders in the non-QM lending space in 2013, the company maintains a staff of experienced underwriters and mortgage operations professionals who can adapt to any situation immediately, regardless of how challenging things may seem. With this process, brokers can validate appraisals before the loans submission.

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Appraisal Buzz

NOVEMBER 15, 2024

However, despite the across-the-board increases, overall credit supply remains tight, with the index still near the very low levels of 2011-2013. The post Mortgage Credit Availability Increased to Highest Level Since April 2023 appeared first on Appraisal Buzz.

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Housing Wire

JULY 2, 2024

The data provides “updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers from 2013 to 2021,” the agencies explained. This year’s survey provides new insights into appraisal satisfaction and willingness to move for borrowers with new mortgages,” Brown said in a statement.

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Housing Wire

NOVEMBER 11, 2021

Hughes’ retirement comes after more than 21 years at Amrock, with a total of 30 years devoted to the title, appraisal, and settlement services industry. How do remote valuation solutions benefit appraisers? To keep up with the high demand amid the ongoing pandemic, appraisers need a remote solution that keeps them in full control.

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Housing Wire

JANUARY 11, 2022

Fannie Mae opened 2022 with its 45 th credit-risk transfer (CRT) deal through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC, bringing the collective value of notes issued through the conduit to nearly $52 billion since the first offering in 2013.

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Housing Wire

OCTOBER 16, 2023

.” Bi-merge, appraisal udates Thompson also said the FHFA efforts to implement a bi-merge credit report “are moving full steam ahead.” ” On Monday, the FHFA also published its new Uniform Appraisal Dataset (UAD) appraisal-level public use file.

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Housing Wire

APRIL 20, 2021

In analyzing more than 7 million homes sold between 2013 and the beginning of 2021, Redfin found homes in Black neighborhoods are undervalued by an average of $46,000 compared to homes in primarily white neighborhoods, the company said. “That’s $46,000 that would multiply as the years go on and benefit future generations.”

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Appraisal Buzz

JULY 1, 2024

The data also provides updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers from the years 2013-2021. The post Government Agencies Release Mortgage Origination Data appeared first on Appraisal Buzz.

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Housing Wire

MAY 2, 2021

First American continues to innovate its valuation business by delivering instant access to property data; improving collaboration among appraisers, appraisal management staff and lenders; and implementing cutting-edge quality assurance tools.

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Appraisal Buzz

FEBRUARY 11, 2025

It happened by accident in 2013. The post Expert Insights: Differentiating Yourself From the Competition appeared first on Appraisal Buzz. Michael recently sat down with MortgagePoint to discuss how he got his start in the industry, and what differentiates his offerings from the competition.

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Appraisal Buzz

MAY 17, 2021

That year, the FHFA called for a comprehensive review of the GSEs’ CRT programs for the first time since their inception in 2013. The post FHFA Issues First Report Related to GSE Credit Risk Transfers appeared first on Appraisal Buzz. As an initial step toward that objective, the report estimates the historic and projected net costs.

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Housing Wire

OCTOBER 24, 2022

Appraisal bias. FHFA also announced a new Uniform Appraisal Dataset (UAD) Aggregate Statistics Data file, with user-friendly visualization on its website, to develop a more efficient valuation system to reduce appraisal bias. “As FHFA’s Division of Research and Statistics used 47.3

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Appraisal Buzz

JULY 11, 2024

He began his career at FHLB in 2013 as an enterprise architect and worked his way up to his most recent role of VP/Director of Information Technology. The post Sunrise Banks Names New CIO appeared first on Appraisal Buzz. Paul, Minnesota-based Sunrise Banks has introduced Jon Sandoval as its new Chief Information Officer.

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Housing Wire

MAY 16, 2024

The third PLF reduction in October 2013 was assessed in more granular detail and concluded that “the first and second reductions may have helped remove so many potentially marginal loans from the population that models could not detect any beneficial effects due to the third reduction and drawdown restriction,” the report said.

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Housing Wire

AUGUST 21, 2023

487 LiveEasy 1,204% 2013 Real estate software company changing the way people manage their move and their homes. 1,032 Realync 575% 2013 A real estate video engagement platform unlocking authentic experiences that connect and convert across the prospective renter and resident lifecycle. 4,105 FirstCloseFirstclose. Source: Inc.

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Housing Wire

MAY 9, 2022

It specializes in low-rate mortgage refinances, in which it originates a loan with no closing costs, including appraisal, credit report, escrow and title. Owning’s platform processed more than $20 billion in total loan volume in 2020. Guaranteed Rate is ranked No. 7 among the biggest lenders in the U.S.,

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Appraisal Buzz

DECEMBER 13, 2021

.” We sat down with Greg Stephens, coordinator of this webinar with Metro-West Appraisal Company, to learn more about this free upcoming webinar. Greg: My background in the appraisal industry spans 44 years. Since 1987, I have been teaching appraisal-related courses through my seminar company, Appraisal Seminars.

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Appraisal Buzz

NOVEMBER 4, 2024

He joined the Covius team in March of 2013 as SVP of Operations. The post Boosting Mortgage Operations Through Outsourcing appeared first on Appraisal Buzz. Kelley, current EVP of Document Management Solutions & Information Technology for Covius, has more than 35 years of experience in the mortgage industry.

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Appraisal Buzz

AUGUST 27, 2024

The post Forecasting the Impact of Immigration on Household Growth appeared first on Appraisal Buzz. He knows that in 2022, 34% of working-age immigrants who had arrived within the preceding five years were heads of households, according to American Community Survey (ACS) data.

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Cleveland Appraisal Blog

JANUARY 5, 2023

I’ve noticed recently that when I call real estate agents to confirm information about properties I am using in my appraisal, almost every agent answers their phone and if they don’t, even if I don’t leave a message, they call me back. Interestingly, the number of active listings has dropped every year since at least 2013.

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Appraisal Buzz

AUGUST 2, 2024

Commissions have been gradually declining over the past decade, from an average of 2.89% in 2013 to 2.66% in 2023. The post Measuring the Impact of NAR’s Agent Commission Settlement appeared first on Appraisal Buzz. The typical U.S. The post Measuring the Impact of NAR’s Agent Commission Settlement first appeared on The MortgagePoint.

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Housing Wire

MARCH 21, 2022

billion reference pool received appraisal wavers, resulting in the bond-rating agency applying “a broad valuation haircut to such loans.”. Fannie Mae allows lenders to underwrite certain loans without a traditional appraisal, subject to certain eligibility requirements,” the KBRA report notes. of the 150,000-plus mortgages in the $44.4

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Appraisal Buzz

JUNE 24, 2021

has served as Deputy Director of the Division of Housing Mission and Goals (DHMG) at FHFA since 2013. The post White House Appoints Acting FHFA Director Sandra Thompson appeared first on Appraisal Buzz. In that time … The post White House Appoints Acting FHFA Director Sandra Thompson appeared first on DSNews.

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Appraisal Buzz

JUNE 20, 2022

Crockett joined Credit Plus in 2013 to create its QA/QC division. The post Xactus Names Michael Crockett Chief Data Officer appeared first on Appraisal Buzz.

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Appraisal Buzz

DECEMBER 14, 2021

She has served as the deputy director of the agency’s Division of Housing Mission and Goals (DHMG) since 2013. The post Sandra Thompson Officially Nominated by President Biden as FHFA Director appeared first on Appraisal Buzz.

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Appraisal Buzz

AUGUST 11, 2021

He joined Cherry Creek in 2013. The post Cherry Creek Mortgage Promotes Brian Carlsen to VP of Risk Management appeared first on Appraisal Buzz. Brian Carlsen has been promoted to vice president of risk management at Cherry Creek Mortgage , a nationwide, full-service mortgage lender. Carlsen was heavily involved in opening Cherry.

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Housing Wire

OCTOBER 28, 2021

Acting Director Thompson has also made a number of other important access to credit changes – including ending the adverse market fee , making permanent the option to use desktop appraisals , limiting use of the Common Securitization Platform (CSP) to Fannie and Freddie, increasing the GSE housing goals, and reopening the GSE capital rule.

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Housing Wire

APRIL 8, 2022

KBRA’s presale ratings report on the STACR 2022-DNA3 offering indicates that appraisal wavers were granted for nearly 40% of the reference pool loans, which were assessed instead through the agency’s Automated Collateral Evaluator, or ACE, system. “It Morgan Chase Bank , 5%; and Pennymac , 4.8%. billion in credit risk on approximately $2.7

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Housing Wire

SEPTEMBER 28, 2023

From 2007 through mid-2013, approximately 5.5 What’s really changed since 2013? A successful home closing simply cannot happen without a multitude of firms — mortgage brokers, appraisers, title companies, real estate brokers and professionals — investing their efforts and collaborating.

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