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CFPB, FHFA release updated mortgage originations survey data

Housing Wire

The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) this week released updated loan-level data collected through the National Survey of Mortgage Originations (NSMO), according to a joint announcement.

Mortgage 431
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Like it or not, desktop appraisals are here to stay

Housing Wire

By the end of 2020, FHFA signaled publicly it was considering hybrid appraisals on a permanent basis, following proposals from both Fannie Mae and Freddie Mac. Murphy and Associates Real Estate Appraisers and Consultants , raised concerns about bearing the liability for an appraisal, but relying on second-hand information.

Appraisal 370
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The New UAD: “Don’t Borrow Trouble.”

Appraisal Buzz

Fannie Mae and Freddie Mac are not designing the software for the future, but they have provided the specification for the Uniform Appraisal Data set (UAD) they want to receive. It is up to appraisal software companies to develop solutions to provide this specific data set.

Appraisal 363
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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

He will also inform the listing agent that he is a veteran himself and implores them to ask any questions or express concerns they have about VA loans. At the end of the day, Pascoe says the process is not all that different than purchasing a home with a conventional mortgage. That never happens when a VA loan is involved.

Clients 418
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Understanding The Reverse Mortgage Appraisal Process

AmeriMac

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan.

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BREAKING The New York State AMC Law Is Now In Effect

Miller Samuel

Becky Jones sat on the Legislative steering committee at NYSAR and informed them about the bill. It sent shockwaves through the AMC-types because, in my view, it effectively destroyed their ability to hide how much they are gouging the consumer and how little the appraiser gets from the actual "appraisal fee" (typically less than half).

Law 367
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How To Find An Appraiser

Padove Appraisal Service

Online search engines, such as Google, can quickly provide you with a list of home appraisers in your area. Search results also offer information on specific services provided by individual appraisers, contact information, and reviews by past customers.

Appraisal 145