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Solving the Affordable Housing Crisis

Appraisal Buzz

A Cautionary Tale from 2013 Let me start with a personal story. In 2013, I acquired an apartment complex in Austell, Georgia. Today, I want to dive deep into the current rental market environment, share some personal insights, and most importantly, discuss how we can address these challenges head-on.

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The Acra alternative: Inviting all borrowers to the party with non-QM options

Housing Wire

In the modern mortgage market , mortgage rates are close to 7%, and the gig economy has pushed some borrowers away from trying to qualify for conventional mortgages. For them, the word would likely be “flowing.” Some may see this as a challenge, but it means the market is ripe with opportunities for well-equipped brokers.

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RealPage acquires smart apartment startup Stratis IoT

Housing Wire

” Stratis IoT, launched in 2013, is currently available in 380,000 multifamily and student housing units across the U.S., Earlier this year, RealPage announced it acquired multifamily real estate engagement solution Modern Message , after acquiring real estate property management solution provider Buildium , valued at $580 million.

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CFPB adds two cents on Wells Fargo class action lawsuit

Housing Wire

“Instead, Wells Fargo argued that even after the CFPB’s 2013 amendments, Regulation X didn’t require it to respond to the borrowers’ requests, which asked for things like transaction histories and the identities of their loans’ owners.”. “But Presented by: Newbold.

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Tough Calls: Lessons from Volcker, inflation, and the Fed’s crossroads

Housing Wire

The most painful economic period in modern U.S. The Dow Jones dropped 1,100 points on the day and the 10-year yield increased by the widest margin on any Fed Day since 2013. But by 1986, inflation was defeated (1.9%), mortgage rates fell to 10%, and the Beastie Boys released License to Ill. history was concluding.

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FHFA releases VantageScore historic data to prepare for new credit reporting requirements

Housing Wire

The datasets released Wednesday are tied to single-family mortgages purchased by Fannie Mae and Freddie Mac from April 2013 through March 2023. The use of these modernized credit score models will enhance risk management while furthering sustainable access to credit for consumers.”

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Jim Amorin steps down as CEO of Appraisal Institute

Housing Wire

The appraisals, compiled between 2013 and 2021, show that the home appraisal industry gives higher values to homes whose owners are white, and less if the owners are people of color. The Appraisal Institute has acknowledged that it needs to modernize. The racial gap itself in appraised values increased by 75% during that period.

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