Appraisal Buzz

JULY 2, 2024

The Federal Housing Finance Agency (FHFA) has published updated aggregate statistics from the National Mortgage Database (NMDB) and launched the NMDB Aggregate Statistics Dashboard —new data visualization tool for the NMDB Outstanding Residential Mortgage Statistics. of outstanding mortgages have interest rates of 6% or higher.

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Housing Wire

DECEMBER 6, 2021

A San Rafael, California real estate appraiser is being sued for allegedly undervaluing a home by almost 50% because the homeowners are Black. Miller of Miller & Perotti Real Estate Appraisal and AMC Links LLC , an appraisal management company headquartered in Lehi, Utah.

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Housing Wire

MARCH 5, 2021

What a two-year stretch it has been for appraisers. The appraisal workforce was already in decline in 2019. To compound matters, homebuyer demand skyrocketed thanks to historically-low mortgage rates and societal changes. These factors combined to throw the appraisal industry in flux.

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Appraisal Buzz

JULY 2, 2024

The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO). Since 2014, FHFA and CFPB have sent quarterly surveys to borrowers who recently obtained mortgages.

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Appraiserblogs

APRIL 6, 2023

In response to the Federal Housing Finance Agency’s (FHFA) decision to allow Fannie Mae to expand its appraisal waiver program, the American Society of Appraisers (ASA) has released an op-ed by ASA’s Strategic Partnership Officer, John D. The End of Appraisers? No appraisal may be required in the future!

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AmeriMac

AUGUST 27, 2024

Mortgage underwriting is an essential step in getting a mortgage loan. The underwriter looks at the risk of lending you a specific mortgage amount based on your creditworthiness and the property’s value. This careful vetting process is key to deciding the terms of your mortgage loan.

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Housing Wire

APRIL 21, 2021

The Federal Housing Finance Agency (FHFA) announced on Wednesday that due to “low usage” it is no longer extending expirations on certain temporary loan origination flexibilities for Fannie Mae and Freddie Mac. The regulator is also advancing permanent changes to be made in the appraisal space.

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D Fritz Appraisals

SEPTEMBER 9, 2024

Fritz Appraisals Inc. we strive to make the process of purchasing or selling a home less stressful for our clients by providing timely and accurate appraisals that can assist with making sound real estate decisions. Get Pre-Approved It’s also important to get pre-approved for a mortgage before you start shopping around.

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Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . “We received about a dozen offers, which is actually a low number by today’s standards.

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AmeriMac

JUNE 30, 2024

Introduction Understanding how home appraisals work is crucial when buying or selling a home. Conducted by a licensed appraiser , the appraisal plays a critical role in the mortgage process by determining the loan amount your lender will offer. So, let’s get started and explore the world of home appraisals!

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Housing Wire

JANUARY 10, 2023

For those of us in housing finance, the calendar year change really does mean something. However, all of the concerns from last year threaten to carry over — from the fear of recession to stubborn high home prices and the stickiness of sub 3% mortgage rates that keep future buyers firmly planted in their existing homes.

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Birmingham Appraisal

JUNE 7, 2023

Appraisers Helping Accountants In the realm of real estate transactions, residential appraisers play an important role in providing accurate valuations. Appraisers also offer valuable support to accountants by providing crucial insights and data for various financial purposes.

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Appraisal Today

JUNE 23, 2023

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

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Appraiserblogs

APRIL 9, 2023

We the people need to redirect the mortgage lending direction… The time for every appraiser and consumer to step up is now. Appraisers have been the target for blame for everything gone wrong in the mortgage lending world. Appraisers have even been the target on loans gone bad after several years on payments.

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Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today.

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Appraiserblogs

MARCH 29, 2023

Waiving appraisal requirements on residential homes could erode consumer protection, stall attempts to create diversity in the profession… The recent announcement from Fannie Mae that they will waive the requirement for residential home appraisals has caused quite a stir in the industry.

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D Fritz Appraisals

AUGUST 12, 2019

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. home appraisal – an often mandatory step the buyer’s lender insists on.

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Cleveland Appraisal Blog

JUNE 23, 2023

Start thinking about the financing options available, such as mortgages, loans, and grants, and the associated interest rates, repayment terms, and fees. As a real property appraiser, I think these tips can really help if you’re looking to purchase land. Is it sustainable? Ashley, thank you for sharing these tips.

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AmeriMac

MAY 30, 2024

Introduction The process of appraising a property is crucial in the real estate market. It involves determining the value of a home or property, which is an essential aspect of buying, selling, and financing. This process is conducted entirely at the appraiser’s desk, hence the name “desktop appraisal.”

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AmeriMac

OCTOBER 15, 2023

Appraisal reviews are often overlooked in the appraisal industry, but they play a crucial role in ensuring that appraisals are fair, accurate, and reliable. In this blog post, we will uncover appraisal reviews’ importance in the industry. They also aid in risk management.

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Housing Wire

AUGUST 6, 2024

A policy designed for lenders to review and respond to borrower-initiated reconsideration of value (ROV) requests for appraisals — originally scheduled to be implemented between Aug. These include “improvements to the process by which borrowers may request an ROV if they identify a problem with the appraisal,” the original ML said.

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Housing Wire

APRIL 14, 2023

Currently, 75% of real estate agents and 97% of property appraisers in the U.S. Concepts like getting a mortgage, taking out a line of credit, buying and selling a property and becoming a landlord are rarely part of classroom discussions or dinner-table conversations, unless your family happens to be in real estate.

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D Fritz Appraisals

SEPTEMBER 11, 2023

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Fritz Appraisals Inc. 3 – The Value of Maintaining Your Property – Renovations that keep your home in a condition where it retains its market value.

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Appraisal Partners Blog

OCTOBER 20, 2019

Appraisers go through a sequential adjustment process. Appraisers are typically looking to make adjustments for conditions that may have affected the overall property value first. Appraisers are typically looking to make adjustments for conditions that may have affected the overall property value first.

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AmeriMac

JUNE 15, 2024

Key Highlights Real estate investment properties require accurate appraisals to determine their market value and potential return on investment. The appraisal process involves various valuation methods such as the sales comparison approach, income approach, and cost approach.

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Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Adjustable-Rate Mortgage (ARM). Amortization. Annual Percentage Rate (APR).

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AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. During a home appraisal, a professional determines your home’s worth before putting it on the market. The appraisal fee may also differ based on the consumer bank you choose.

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AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. During a home appraisal, a professional determines your home’s worth before putting it on the market. The appraisal fee may also differ based on the consumer bank you choose.

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Realtor

MARCH 9, 2016

A home appraisal coming in low can sound like a death knell for a home purchase. Unfortunately, it happens: A low appraisal can complicate an already bumpy home-buying process. Suddenly, you find yourself in a conundrum: Your bank will fund a loan only up to the appraised value. The appraiser has to go outside the hood.

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Quicken Loans

JUNE 10, 2021

Immediately, the question arises: How do you start the process of getting a mortgage loan? If you’re buying for the first time , the mortgage loan process can be confusing and unfamiliar. 9 Steps To Getting A Mortgage. 9 Steps To Getting A Mortgage. At Rocket Mortgage ? , Documentation of your current mortgage.

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AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. During a home appraisal, a professional determines your home’s worth before putting it on the market. The appraisal fee may also differ based on the consumer bank you choose.

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Aedis Appraisals

FEBRUARY 1, 2018

If you want to have your home appraised, you need to work with a company that is fully committed to home appraisal services. A home appraisal in Toronto Ontario is defined as an inspection to estimate the value of a home. Mortgage lenders require an appraisal to confirm the value of the collateral for financing.

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Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.

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Appraisal Today

JULY 12, 2024

Valuing Appraiser Professionalism: A Blueprint for Survival By Jo Traut, McKissock Learning Excerpts: Having spent nearly three decades in the field of real estate appraisal, I’ve witnessed firsthand the evolution of our profession, particularly with respect to technological advancements. I quit residential lender appraising in 2005.

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Movoto

MAY 29, 2024

if a professional inspection reveals significant issues with the property. Appraisal Contingency. This protects the buyer if the appraised value falls below the offered purchase price. In this case, the buyer can opt out and get their earnest money deposit back or use the appraisal for price renegotiation.

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Housing Wire

AUGUST 18, 2020

The Federal Housing Administration has announced an upcoming release of its FHA Catalyst: Electronic Appraisal Delivery module on the FHA Catalyst platform. This solution will allow lenders to electronically submit, track, and manage single-family property appraisals and will become available to FHA-approved lenders on Sept.

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McKissock

DECEMBER 28, 2021

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.

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