Housing Wire

MARCH 18, 2024

Valuation Selector helps lenders and investors identify the most suitable valuation method (AVM, AVM with inspection, desktop exterior, desktop interior or full appraisal) for a property, depending on its complexity.

Valuation 448

Valuation Reconsideration of Value Tools Technology 448

Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return.

HOA 501

HOA Law Insurance New Listings 501

Housing Wire

MAY 20, 2024

In addition to being the costliest expenses for title firms, fraud and forgery claims are also on the rise.

Insurance 497

Insurance Inspection Government Mortgage 497

The Appraiser Coach

MAY 18, 2021

I probably take about 20-25 per house that I inspect. It is no secret that we as appraisers take a lot of photos. Then there are all the comp photos. Read More.

Appraisal 397

Appraisal Inspection Advertising Business 397

Housing Wire

JANUARY 14, 2021

31, 2021, however, the government entity is now pushing that back to at least Feb. ” In a letter sent by Fannie, the Enterprise cited many lenders were unable to obtain an appraisal based on a full interior and exterior inspection of the subject property as the virus continued to spread.

Lending 540

Lending Appraisal Inspection Property Appraisal 540

Housing Wire

JUNE 21, 2022

Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Instead, we prefer a “certified” pre-owned car that has gone through a multi-point inspection with all of the preventative maintenance up to date. There’s an even more subtle consideration.

Investors 435

Investors Renovations Inspection Government 435

Housing Wire

FEBRUARY 3, 2025

Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc. Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc.

Mortgage 415

Mortgage Valuation Lending Technology 415

Housing Wire

JUNE 23, 2022

At the time, the guarantor said it would exclude any new issuer delinquencies occurring on or after April 2020 in recognition that delinquency rates would likely swell in response to government-mandated forbearance. For now, these types of statements will be accepted from issuers with a fiscal year ending on or before Sept. 30, 2022.

Inspection 448

Inspection Government Finance Development 448

Housing Wire

OCTOBER 2, 2023

Hybrid appraisals require a vetted and trained third party to inspect the property and gather data — including a floor plan — and deliver it to a licensed appraiser for a desktop appraisal. Xactus Appraisal Firewall X provides data for both processes.

Valuation 435

Valuation Training Modernization Appraisal 435

Housing Wire

JANUARY 3, 2022

Clear Capital’s data science team developed the product and built it into the already existing platform, a review system that automates collateral underwriting in compliance with internal credit policies and government-sponsored enterprise guidelines. According to a recently published study by the U.S.

Tools 459

Tools Appraisal Appraisal Process Real Estate 459

The Appraiser Coach

DECEMBER 13, 2022

Imagine you’re at an inspection. During your standard walk-through, you look out the window and see a car pull up into the driveway. Your mind starts racing when you see. Read More.

Inspection 74

Inspection Agents Advertising Business 74

The Appraiser Coach

MARCH 12, 2021

Even when we’re out, we’re still doing work-related tasks like shooting pictures and doing inspections. Many appraisers work out of our homes, not interacting with office staff or other appraisers. Read More.

Appraisal 369

Appraisal Inspection Advertising Business 369

Housing Wire

AUGUST 13, 2024

Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments. The government is taking action to ensure that these products do not turn the dream of homeownership into a nightmare.”

Contracts 482

Contracts Mortgage Law Sellers 482

Housing Wire

SEPTEMBER 13, 2023

The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging. CAPE Analytics said existing human-driven, visual inspections like traditional property condition reports (PCRs) miss 70% of property issues identified by the CAPE aPCR.

Tools 418

Tools Valuation Inspection Investors 418

Housing Wire

APRIL 2, 2024

People are still buying homes, but we are still seeing multiple offers like crazy, seeing a lot of people waive contingencies such as inspections. Founded in 2003 by Rick Arvielo and his wife, Patty Arvielo , NAF offers a variety of conventional, government, adjustable-rate and non-qualified mortgages. The lender originated $9.6

Loan Officers 448

Loan Officers Retail Finance Buyers 448

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

Appraisal 435

Appraisal Inspection Real Estate Agent Training 435

Housing Wire

FEBRUARY 1, 2023

Once the loan is closed, UWM claims it will handle the rest of the process by staying in direct communication with the builder on subsequent draws, as well as subsequent inspections, to confirm the project is on pace.

Construction 418

Construction Real Estate Agent Loan Officers Inspection 418

Housing Wire

JUNE 22, 2023

In the letter , addressed to FHFA Director Sandra Thompson , the associations ask for “reasonable” building inspection requirements for aging infrastructure. The groups also offer feedback on how the Fannie Mae and Freddie Mac temporary requirements for condos and cooperative projects could be improved. the letter states.

Lending 370

Lending Development Inspection Realtors 370

Housing Wire

JULY 6, 2023

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac released updates on Wednesday related to condominium and co-operative project standards policies for properties in need of critical repairs and special assessments. “At

Inspection 370

Inspection Government Tools Finance 370

Housing Wire

JANUARY 27, 2023

The federal government and numerous federal agencies will take action on these and other issues outlined in the blueprint. The administration said it will also launch the “resident-centered housing challenge,” which leans on housing providers and state, local and tribal governments to expand access to housing through stronger policies.

Tenants 435

Tenants Landlords Finance Government 435

Housing Wire

NOVEMBER 2, 2020

That rating has nothing to do with the GSEs’ skill sets, it comes from the government guaranty backing these companies. I now understand why so many call for a utility-like governance structure for these two companies. The other is GNMA MBS. These draw investors globally.

Marketing 537

Marketing Mortgage Government Inspection 537

Appraisal Buzz

FEBRUARY 7, 2022

Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. During 2020 and 2021 as the Covid-19 pandemic global pandemic disrupted our lives and the way we all do business, regulators, agencies, and the government sponsored enterprises allowed inspection relief in certain circumstances.

Appraisal 435

Appraisal Inspection Development Technology 435

Housing Wire

MARCH 1, 2023

Change in uninsured losses As of late, however, the uninsured losses are being absorbed by other stakeholders in the housing finance system, including mortgage lenders, mortgage servicers, private mortgage insurers, government agencies, capital markets investors, and the government-sponsored enterprises.

Insurance 397

Insurance Supply Chain Design Government 397

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

AUGUST 3, 2022

AMCs, potentially even more so than firms who do business with the government-sponsored enterprises, are heavily influenced by changes to conventional appraisal standards. Both are alternatives to the traditional appraisal, and potentially reduce the amount of time an appraiser spends driving to and performing an on-site inspection.

Valuation 418

Valuation Appraisal Modernization Technology 418

Miller Samuel

NOVEMBER 30, 2018

Those are "PiW" loans or have a "Property Inspection Waiver." of the actual value 50% of the time) and "hybrid appraisers" (which removes the appraiser from the actual inspection of properties) to develop a value opinion. I've heard of fees as low as $8 to do the inspection and $78 for the appraiser.

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

Housing Wire

FEBRUARY 16, 2022

According to the government watchdog, members of the public can now submit their opinions on matters pertaining to regulations, whether that be a request for the agency to pursue a new rule, amend an existing one or repeal a rule. The petitions will be automatically posted on public dockets for review and comment.

Government 284

Government Inspection Law Finance 284

Housing Wire

SEPTEMBER 19, 2024

There are some local and state governments that have “source of income” protections of various forms. That, my friends, is also considered “source of income” discrimination, which is not illegal everywhere. It may not be right (ethically), but it’s not illegal federally (one of the “big 7” of fair housing ).

Legal 434

Legal Sellers Real Estate Inspection 434

Housing Wire

JUNE 9, 2022

Legacy renovation loans, which tend to have longer inspection periods and strict oversight of renovations, are not paid to borrowers in a lump sum, which can add a degree of difficulty when homeowners are ready to use the funds, according to Goldman.

Renovations 369

Renovations Inspection Finance Insurance 369

Appraisal Buzz

AUGUST 13, 2024

The government is taking action to ensure that these products do not turn the dream of homeownership into a nightmare.” The Truth in Lending Act of the federal government does, in fact, cover these contracts, even though many sellers have taken advantage of this financing structure to deceive purchasers and churn homes.

Contracts 367

Contracts Investors Sellers Lending 367

Housing Wire

FEBRUARY 7, 2022

It alleged the government-sponsored enterprise didn’t maintain foreclosed properties in communities of color as well as it did in white neighborhoods. “I As part of the executed settlement, Fannie Mae also said it would list, on a website, a toll-free number for members of the public to call if they have concerns about REO properties.

Inspection 397

Inspection Design Government Real Estate 397

Appraisal Buzz

MARCH 7, 2022

The rules governing the appraisal industry can swing wildly and often. According to a new Desktop Underwriting standard, for transactions that meet certain conditions—a purchase, not owner-occupied, and LTV of 90% or less—the appraiser doesn’t need to visit and inspect the property. And that can be frustrating.

Appraisal 305

Appraisal Inspection Real Estate Government 305

Housing Wire

MAY 23, 2023

The need to physically inspect each property will be replaced with data or other inspection options in many cases. I think that we’ve seen that [it may not happen] on a government level, so it is maybe going to take the private sector to lead the way.” Johnson said. I think that’s a really great step.”

Technology 397

Technology Appraisal Lending Valuation 397

Realtor

NOVEMBER 7, 2023

Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for. Costs of buying a home #4: Inspection You want to be assured your new home is structurally sound and free of surprises such as leaks or pests living in the walls. Home inspection : This is critical for home buyers.

Inspection 191

Inspection Insurance Sellers Buyers 191

Housing Wire

MARCH 21, 2023

Lender and appraisal management companies and other property data collection companies can now use Black Knight ‘s Scout mobile property inspection as part of the value acceptance plus property data process. The government-sponsored enterprise (GSE) approved six vendors following the roll-out of its new valuation initiative.

Valuation 283

Valuation Appraisal Modernization Inspection 283

Appraisal Buzz

MAY 6, 2024

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

HOA 370

HOA Insurance Legal Fees Valuation 370

D Fritz Appraisals

JANUARY 29, 2025

Home appraisers conduct thorough interior inspections, whereas BC Assessment typically relies on external data and drive-by observations. Methodology: Includes a detailed inspection, market analysis, and adjustments for unique property features. Comprehensive inspections for precise valuations.

Appraisal 78

Appraisal Valuation Property Taxes Inspection 78