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 376

Valuation Reconsideration of Value Tools Technology 376

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 418

Investors Renovations Inspection Government 418

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 468

Insurance Inspection Government Mortgage 468

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

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 394

Inspection Government Finance Development 394

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.

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Valuation Training Modernization Appraisal 387

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.

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Tools Appraisal Appraisal Process Real Estate 413

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 432

Appraisal Inspection Real Estate Agent Training 432

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.

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Tools Valuation Inspection Investors 386

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

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.

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Marketing Mortgage Government Inspection 533

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 408

Contracts Mortgage Law Sellers 408

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

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?

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Government Real Estate Agent Insurance Property Taxes 148

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.

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Tenants Landlords Finance Government 403

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 376

Loan Officers Retail Finance Buyers 376

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 332

Lending Development Inspection Realtors 332

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

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

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Inspection Government Tools Finance 330

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

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 352

Insurance Supply Chain Design Government 352

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.

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Appraisal Inspection Real Estate Government 305

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 383

Inspection Design Government Real Estate 383

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 351

Valuation Appraisal Modernization Technology 351

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.

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Government Inspection Law Finance 243

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.

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Inspection Insurance Sellers Buyers 196

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 359

Legal Sellers Real Estate Inspection 359

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

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 290

Renovations Inspection Finance Insurance 290

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.”

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Technology Appraisal Lending Valuation 347

Appraisal Buzz

MARCH 28, 2022

This duty of care is governed by the Uniform Standards of Professional Appraisal Practice (USPAP). Appraiser Responsibility. The ANSI standard does however require measurements to the nearest inch or tenth of a foot when using English measurements (the common unit of measurement here in the United States).

Appraisal 370

Appraisal Tools Technology Clients 370

Realtor

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. Your home inspection reports. Your home inspection reports.

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Buyers Inspection Contracts Real Estate Agent 208

Appraisal Buzz

MAY 31, 2021

Only the wife was at home to greet the appraiser when they arrived to inspect her home. The term “redlining” comes from the development by the New Deal by the federal government of maps of every major metropolitan area in the country. Government Segregated America. The wife is African American, and her husband is white.

Valuation 370

Valuation Appraisal Real Estate Insurance 370

Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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Inspection Appraisal Marketing Appraisal Process 78

Housing Wire

MARCH 21, 2022

According to Walsh, laws enacted by many states and municipalities require that foreclosing lenders register, inspect, and maintain properties during the foreclosure process, including before the lenders acquire title following a foreclosure sale. If the property is vacant, they will lower the offer further.

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Law Inspection Insurance Government 323