Appraisal Buzz

JANUARY 2, 2025

Impact of Mom-and-Pop Investors The report highlights the significant role of small-scale investors, often referred to as mom-and-pop landlords. The post Home Investors Pull Back as Rates and Prices Remain High appeared first on Appraisal Buzz. These individuals, owning three to ten properties, represent 60% of all investor purchases.

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Housing Wire

DECEMBER 28, 2020

The Federal Housing Finance Agency (FHFA) announced Monday it is requesting input on the appraisal policies, practices and processes of Fannie Mae and Freddie Mac, especially as it relates to the GSEs’ appraisal modernization efforts. The Request for Input (RFI) – open to comment until Feb.

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Housing Wire

NOVEMBER 9, 2023

CoreLogic announced on Thursday the launch of “ScanToSketch,” an augmented reality (AR)-based property measuring and sketching tool to create home appraisal reports. Developed using CoreLogic’s appraisal software brand “a la mode,” the tool has been used to complete roughly 20,000 property sketches.

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Tools Appraisal Real Estate Agent Technology 459

Housing Wire

MARCH 27, 2024

The Appraisal Foundation this week named Kelly Davids, former superintendent of the Ohio Division of Real Estate and Professional Licensing, as its new president. Kelly Davids As an SVP of the Appraisal Foundation, Davids already served to manage the organization’s day-to-day operations and has helped lead special projects.

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Appraisal Buzz

FEBRUARY 7, 2022

Fannie Mae announced on January 19, 2022 that they will be accepting desktop appraisals for eligible loan transactions. The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape. Appraisal Labels.

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Appraisal Buzz

JUNE 26, 2024

A proper home appraisal is essential whether purchasing or selling a property. This appraisal is used by mortgage lenders to calculate the maximum amount they will lend on a property. Many even watch the worth of their own homes, which are produced by these algorithmic appraisal techniques, on well-known real estate websites.

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Appraisal Buzz

OCTOBER 15, 2021

The official 2022-2023 Online Update Course for Uniform Standards of Professional Appraisal Practice (USPAP), now available online , comes with a first-of-its-kind reference manual designed to help you quickly find answers to your USPAP-related questions.

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Appraisal Buzz

MARCH 24, 2025

Measuring and analyzing changes in market conditions are critical and fundamental elements in real estate appraisal. This is simply because such a value conclusion has as its base a specific date in time, the effective date of appraisal. However, this raises the question of which time period should the appraiser measure?

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Housing Wire

JUNE 25, 2024

The importance of home appraisals to the homebuying and selling processes necessitate a stronger eye toward the use of burgeoning AI across a wide swath of U.S. The bureau expressed concern that the use of such tech could impact the equitable application of home appraisals. businesses.

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Housing Wire

APRIL 24, 2023

The Mortgage Bankers Association (MBA) filed an amicus brief on Friday in response to the Consumer Financial Protection Bureau (CFPB) and the Department of Justice ‘s interest in determining a liability standard that would apply to lenders in cases of alleged bias by third-party appraisers. The home sold two months later for $465,000.

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Appraisal Buzz

JANUARY 15, 2025

HOA dues are far more common among listings for condos, rowhomes, and townhomes (henceforth referred to as condos) than single family houses, much like the divisions between new construction and existing homes. The post Report: HOA Fees On the Rise appeared first on Appraisal Buzz. In 2024, 69.9% of pre-existing properties.

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Housing Wire

DECEMBER 23, 2022

The Federal Housing Finance Agency (FHFA) isn’t doing all that it can to prevent appraisal bias, according to the agency’s Office of Inspector General. It should also alert regulators and licensing authorities when it files complaints against appraisals, the OIG said. million active appraisal records to the U.S.

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Housing Wire

SEPTEMBER 23, 2021

Appraisers have experienced many challenges in the last couple of years. From juggling high volume demand for appraisals in the middle of a pandemic, appraisers had to radically change their processes. Remote inspections have the power to make homeowners and appraisers more comfortable. Introducing RemoteVal.

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Appraisal Buzz

MAY 24, 2021

This process has appraisers review location, condition, and other variables so they can assess whether buyers will be interested. Because appraisals are contingencies in 43% of contracts , you must find ways to accurately evaluate these properties. Three Common Methods Appraisers Can Use. That’s where possible hurdles can arise.

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Appraisal Buzz

SEPTEMBER 16, 2024

Imagine completing your appraisals in less time, with twice the accuracy, and opening doors to new lucrative markets—that’s the power of AI in the appraisal industry. Artificial intelligence is revolutionizing the appraisal industry, dramatically enhancing productivity, accuracy, and revenue streams.

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Appraisal Buzz

JULY 26, 2021

The Urban Institute recently released a blog post entitled – Increasing Diversity in the Appraisal Profession Combined with Short-Term Solutions Can Help Address Valuation Bias for Homeowners of Color. This article addresses several issues with the real estate appraisal profession that are worthy of further examination and comment.

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Appraisal Buzz

MAY 20, 2024

As an appraiser, you’re already familiar with buzzwords like seller’s and buyer’s markets. When the market enters a phase more favorable to sellers, appraisers may find themselves caught in a crossfire between what buyers think is fair and what the homeowner expects. You can pull the comps on it for reference.

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Housing Wire

AUGUST 2, 2023

Government-sponsored enterprise Fannie Mae this week released new updates to its appraiser independence requirements (AIR), and also established new property data independence requirements (PDCIR) simultaneously. Lenders typically use appraisal management companies (AMCs) to transfer the compliance burden associated with AIR.

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Appraisal Buzz

NOVEMBER 4, 2024

Some 80% homebuyers said they would refer their agency to others or use them again. The majority of sellers (87%) stated that they would refer their agent for future services either definitely (72%) or possibly (15%). appeared first on Appraisal Buzz. The post Who Is the Typical U.S. first appeared on The MortgagePoint.

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Appraisal Buzz

OCTOBER 24, 2024

It is worth noting that more than 75% of the respondents were first-time buyers which means they did not have a previous point of reference with which to compare their experience. appeared first on Appraisal Buzz. The post Are Homebuyers Satisfied With Advances in AI? first appeared on The MortgagePoint.

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Housing Wire

FEBRUARY 24, 2023

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. Another common theme is reducing the amount of subjectivity within the appraisal forms and data standard.

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Miller Samuel

MARCH 24, 2020

Are real estate appraisers considered an essential business in New York? But the fact that real estate appraisers are an "essential business" is not consistent in the federal language, especially now when many states are, or will be going on lockdown. Real estate appraisers are an essential business in our country, always have been.

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Appraisal Buzz

MAY 23, 2022

If you have ever read or heard about the book titled “Who Moved My Cheese,” you may know the story about the four characters in the book and what the cheese refers to. As an appraiser, I cannot help but make the connection between the characters in the book and appraisers. They are the most vocal amongst us appraisers.

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Appraisal Buzz

JANUARY 16, 2025

Opening the Door to New Possibilities Beyond transitioning to digital-first security deposit refunds, property management companies can explore solutions for their other payment needs, including move-in and refer-a-friend incentives, HUD reimbursements, and even payments to contractors. Now thats a move worth making.

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Housing Wire

MAY 2, 2022

Fannie Mae has priced its fifth Connecticut Avenue Series (CAS) credit-risk transfer deal of 2022, a $952 million note offering backed by a reference pool of single-family mortgages valued at $38.5 This latest transaction, CAS 2022-R05, involves a reference pool of 127,166 single-family mortgage loans.

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Investors Mortgage Valuation Real Estate 418

Appraisal Buzz

FEBRUARY 17, 2025

The lock-in effect refers to the fact that many people choose to remain in their present residence rather than selling and purchasing a new one at a higher rate because even more have rates lower than the current weekly average of 6.95% as of January 30. In contrast, the interest rate for 82.8%

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Housing Wire

SEPTEMBER 10, 2022

This agency’s most recent credit risk transfer (CRT) offering, STACR 2022-DNA6, involves a $1.165 billion note backed by a reference loan pool of 112,865 residential mortgages with an outstanding principal balance of $35.6 The reference pools are composed of a total of nearly 1.1 billion for the $12.2 billion for the $12.2

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Appraisal Buzz

NOVEMBER 14, 2024

Make secure payments, including “pay-by-bank: ” The PFDRR ensures consumers will be able to securely share payments information, which can help enable what is sometimes referred to as pay-by-bank. The post CFPB Finalizes Personal Financial Data Rights Rule appeared first on Appraisal Buzz.

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Housing Wire

JANUARY 11, 2022

The 45 CAS deals involved credit-risk transfer (CRT) notes issued to private investors against reference loan pools of single-family mortgages valued collectively as of the time of the transactions at just under $1.7 The reports point out that appraisal waivers were issued for about 44% of the reference pools in each transaction.

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Housing Wire

APRIL 5, 2022

billion note offering backed by a reference pool of some 118,000 single-family mortgages valued at $36 billion. The leading originators for the loans in this latest offering and the percentage of loans originated in the reference pool are United Wholesale Mortgage , 6.9%; Rocket Mortgage , 6.1%; Homepoint , 5.3%; and Pennymac , 4.9%.

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Valuation Investors Mortgage Real Estate 397

Appraisal Buzz

NOVEMBER 13, 2024

Zillow’s for-sale listings now include 18% more references to solar panels and the terms “sustainable” and “green.” The post Homeowners and Buyers Reveal the Most Desired Home Trends for 2025 appeared first on Appraisal Buzz. Solar electricity isn’t the only source.

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Buyers Design Real Estate Agent Real Estate 418

Housing Wire

FEBRUARY 7, 2024

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

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Housing Wire

MARCH 21, 2022

billion note offering backed by a reference loan pool of 150,395 primarily single-family mortgages valued at $44.4 The report indicates that the average remaining loan balance for the loans in the reference pool is $295,109, with a weighted average interest rate of 2.95% and an average original loan-to-value ratio of 73.7%. billion.

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Investors Insurance Valuation Mortgage 370

Appraisal Buzz

JANUARY 22, 2025

These FAIR plans are often referred to as the residual market, with Floridas Citizens Property Insurance Corporation as the largest in terms of both the number of residential policies and asset value insured. The post Insurance Crisis Continues to Weigh on Homeowners appeared first on Appraisal Buzz.

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Insurance Property Management Housing Market Marketing 379

Appraisal Buzz

APRIL 1, 2024

This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include funny Buzztoon comics, as well as crazy stories from appraisers and readers like you! If you want to make sure you are receiving the print version of the Appraisal Buzz magazine in your mailbox, sign up HERE.

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Housing Wire

APRIL 8, 2022

billion secured by single-family mortgage reference loan pools valued in total at $121.5 billion note backed by a reference loan pool of 140,950 residential mortgages with an outstanding principal balance of $42.9 The average loan balance in the reference pool for the current CRT offering is $304,267.

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Housing Wire

MAY 5, 2022

billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 billion secured by single-family mortgage reference loan pools valued in total at $156.9 The average loan balance in the reference pool is $299,602, with the maximum balance at $1.56

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