Appraisal Buzz

SEPTEMBER 18, 2024

The Committee’s assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.” The Fed now predicts that inflation will not come down to their 2% target until sometime in 2026.

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Housing Wire

OCTOBER 24, 2024

Onity Group , the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage , announced this week that it will offer $500 million in senior notes due in 2029. The news of the note sale follows another recent development in which Onity reached a $55 million deal to acquire the assets of Mortgage Assets Management (MAM).

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Appraisal Buzz

DECEMBER 16, 2024

As the new year draws near, Fannie Mae anticipates that many of the housing trends from 2024 will persist in 2025, with the lock-in effect of mortgage rates and housing affordability continuing to be major obstacles for countless Americans. In 2025, economists predict that the average mortgage rate will continue to be higher than 6%.

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Appraisal Today

NOVEMBER 1, 2024

FHFA’s Appraisal Waivers Expansion The Great Debate on Appraisal Fees Updated UAD redesign timeline with specific implementation dates Mortgage applications decreased 0.1 Mandate: November 2, 2026 UAD 2.6 Mandate: November 2, 2026 UAD 2.6 Early 2026 New UAD in full production. Early 2025 Appraiser training starts.

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Lamacchia Realty

DECEMBER 24, 2024

Buyers and sellers with life changes were largely perpetuating the market, but those who have been holding out will make their move in 2025, 2026 and beyond. Unfortunately, mortgage interest rates went right back up in early October. However, the period from 2026 to 2030 will be the biggest years real estate has ever seen!

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Will Springer Realtor

JANUARY 9, 2024

There is little doubt the inventory shortage will continue through 2024 – as mortgage rates remain too high for many consumers – and that means great pressure to push prices higher. One option developing in Washington is the reshaping of zoning laws to allow more housing on parcels of land once zoned for one home. But by how much?

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Appraisal Today

FEBRUARY 2, 2024

The overall timeline has not changed; however, we wanted to provide the industry with more milestone details to help in development, testing and training to prepare for the new UAD and Uniform Residential Appraisal Report (URAR). To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter.

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Appraisal Today

APRIL 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, forms to reports modernization, AMCs, earthquake risk, unusual homes, mortgage origination stats, etc. == == Rare Coastal Contemporary Manchester, MA, for $9M Excerpts: 5 bedroom, 4.5 Mortgage applications increased 3.3 bath, 5,258 sq.ft.

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Will Springer Realtor

APRIL 11, 2022

With each stall in a commercial garage costing tens of thousands of dollars to build, parking requirements can impose significant costs on property developers, owners and renters. Rather than allocating parking that goes unused, developers could propose sharing available space in nearby buildings. Mortgage rates have risen by about 1.6

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Housing Wire

JANUARY 10, 2023

However, Meta will be subject to court oversight and regular review of its compliance with the settlement through June 27, 2026. The parties announced Monday that they had agreed on the new Variance Reduction System’s compliance targets. The company will extend the system’s use to U.S.

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Will Springer Realtor

OCTOBER 8, 2021

The Federal Reserve, which has been buying mortgage-related securities for more than a year to artificially keep interest rates low, has signaled a desire to taper its bulk purchases within the next month or so. A 30-year mortgage in our area could be had for about 3.125%, up from about 2.875% a month ago. Estimated opening is 2026.

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Will Springer Realtor

JUNE 8, 2022

Well, I am only a single real estate professional with one opinion but, for me, the solution includes enacting a blend of corporate and federal dollars toward incentivizing the development of affordable for-purchase housing that targets under-served communities whose residents would otherwise find homeownership difficult to achieve.

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Housing Wire

OCTOBER 24, 2023

. “The rule maintains a focus on evaluating bank performance in areas where banks have deposit-taking facilities, but also enables evaluation of retail lending and community development activities outside of branch networks,” Michael S. Barrs, Fed vice chair for supervision, said in a statement.

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Housing Wire

NOVEMBER 7, 2024

Consequently, the 30-year fixed mortgage rate went up to 6.93% on Thursday, per HousingWire ’s Mortgage Rates Center. Looking at Fed officials themselves, Keefe, Bruyette & Woods analysts forecast potential replacements for Jerome Powell and Vice Chair Michael Barr when their terms end in 2026. Everything is a mindset.

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Appraisal Today

NOVEMBER 22, 2024

It also highlighted the importance of consumer protection in the appraisal process, transparency in mortgage lending, and the need to maintain appraiser independence. Mortgage lending is very, very cyclical. Modeling the financial impact of climate change is relatively new, whereas catastrophe modeling began development in 1992.

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Appraisal Buzz

DECEMBER 18, 2024

The FOMC cut its rate target by another 25 basis points as the market had anticipated, said Mortgage Bankers Association (MBA) SVP and Chief Economist Mike Fratantoni. However, it is unlikely this is going to have a significant impact on mortgage rates in the near term. This is equivalent to a rise of 5.00 Powell, Chair; John C.

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Appraisal Buzz

OCTOBER 28, 2024

The Mortgage Bankers Association (MBA) has announced that total mortgage origination volume is expected to increase to $2.3 By loan count, total mortgage origination volume is expected to increase by 28% to 6.5 By loan count, total mortgage origination volume is expected to increase by 28% to 6.5 trillion next year.

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Housing Wire

NOVEMBER 6, 2024

Mortgage professionals can expect a transformed regulatory environment for the financial sector as Donald Trump returns to the White House in January. Department of Housing and Urban Development and the FHFA have had “impactful and effective housing leaders.” The rule is under revision after a strong market reaction. “A

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Appraisal Buzz

JANUARY 13, 2025

As 2025 dawns, the housing market and mortgage industry brace for a year of change. With a new incoming administration under President Donald Trump, the industry is preparing for how his shifting policies and priorities will impact everything from mortgage rates and affordability to the conservatorship of the GSEs.

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Will Springer Realtor

DECEMBER 17, 2024

With mortgage rates set to edge downward, home prices expected to rise only modestly, and sales ticking up bit by bit, the stage is set for a measured recovery in our region. The housing markets 2025 motto? Slow and steady wins the race. But dont expect fireworks; this is more of a candle flickering to life. Onward to 2025 and step on it!

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Housing Wire

AUGUST 1, 2024

Overall, they believe that Donald Trump and Kamala Harris — the presumptive nominee after President Joe Biden dropped out of the race — have the same correct diagnosis of the main issues affecting today’s housing market: high mortgage rates and a low supply of listings.

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