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

JUNE 23, 2022

In order to continue protecting the healthy functioning of the housing finance market as the impact of COVID-19 lingers, issuers still need these prudent flexibilities to help manage persistent operational challenges,” said Alanna McCargo, president of Ginnie Mae, in a statement. 30, 2022.

Inspection 448

Inspection Government Finance Development 448

Housing Wire

JUNE 21, 2022

housing stock; yet, they bring some unique characteristics to the market. Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Let’s first consider some of the factors driving increased home rentership. There’s an even more subtle consideration.

Investors 435

Investors Renovations Inspection Government 435

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

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

This latest product uses computer vision to assess aerial imagery from airplanes and other sources and extracts information about property conditions, with a focus on marketability and property value , the company said Wednesday. CAPE relies on multiple imagery capture partners, which allows it to pull together novel datasets.

Tools 418

Tools Valuation Inspection Investors 418

Housing Wire

MARCH 7, 2022

The creation of the NFT real estate market thrusts a spotlight onto a Silicon Valley company specifically throwing itself into real estate, blockchain and NFTs. It’s a great marketing tool for the right type of listing. Unlike currencies issued by a country’s government, cryptocurrency is digital and has no central administration.

Real Estate 501

Real Estate Law Inspection Agents 501

Housing Wire

FEBRUARY 1, 2023

It also has one interest rate with an automatic modification if the market improves once construction is complete, along with one down payment, one full credit report to order and one approval, according to the firm. This type of loan only has one set of closing costs to pay, reducing the borrower’s overall fees.

Construction 418

Construction Real Estate Agent Loan Officers Inspection 418

Housing Wire

APRIL 2, 2024

Steinway also expects NAF’s “expansive” product mix, such as NAF Cash , will help him achieve more production volume in a highly competitive market. Chicago, I think, is suffering more than most markets in the United States. There are a lot more as-is offers being made out there than I would ever see before.

Loan Officers 448

Loan Officers Retail Finance Buyers 448

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

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

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

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

Miller Samuel

NOVEMBER 30, 2018

As we say in the petition , this change can impact several groups in particular: consumers, the taxpayers, the housing market and appraisers. Those are "PiW" loans or have a "Property Inspection Waiver." The seller and the buyer determined the market value by agreeing on the price." Ever heard of straw buyers?

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

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

AUGUST 3, 2022

billion real estate appraisal services market has cumulatively grown by 32% since 2008.”. AMCs, potentially even more so than firms who do business with the government-sponsored enterprises, are heavily influenced by changes to conventional appraisal standards.

Valuation 418

Valuation Appraisal Modernization Technology 418

Appraisal Buzz

OCTOBER 1, 2024

This progress enables them to continue offering coverage in difficult markets. Examining well-known insurance markets like Florida and California, as well as a less familiar one like Oklahoma, offers a view into how these adjustments are performing so far. This is positive news for customers and carriers alike.

Insurance 221

Insurance Marketing Law Modernization 221

Appraisal Buzz

MAY 6, 2024

In some markets, the answer is increasingly yes. In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. 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

SEPTEMBER 19, 2024

Source of income” discrimination does have to do with the rental market (here is the latest HUD map with “source of income” protections). There are some local and state governments that have “source of income” protections of various forms. Yes, you are right. It is both. Lee Davenport is a real estate coach/educator and author.

Legal 435

Legal Sellers Real Estate Inspection 435

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.” According to the CFPB, Black, Hispanic, immigrant, and religious communities are frequently the target market for these products. These disclosures include the annual percentage rate and payment schedules.

Contracts 367

Contracts Investors Sellers Lending 367

Housing Wire

JANUARY 31, 2021

The company recently launched ClearLabs, an in-house research and development group that works alongside industry leaders and government-sponsored enterprises (GSEs) to continually build on what’s possible in compliant real estate valuation and analytics. lenders and nearly every mortgage investor, including the GSEs.

Valuation 362

Valuation Technology Real Estate Development 362

Appraisal Buzz

MARCH 7, 2022

Our calendar fills up with orders when the real estate market heats up. But when the market nosedives, lenders need to reassess their portfolios – so, again, our calendar fills up with orders. The rules governing the appraisal industry can swing wildly and often. Then… well, you know what happened… and now we can’t.

Appraisal 305

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 settlement, the GSE said it would, or already has, enhanced its REO maintenance and marketing activities.

Inspection 397

Inspection Design Government Real Estate 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

JANUARY 7, 2021

With the integration, Blend will have access to the companies Dual AUS functionality – a product unveiled in 2018 with the ability to run an application through both systems and quickly identify property inspection waivers early on in the process.

Mortgage 355

Mortgage Lending Investors Clients 355

D Fritz Appraisals

JANUARY 29, 2025

These two commonly misunderstood yet crucial home evaluation tools, help to navigate the complexities of the real estate market in British Columbia. Key Takeaways BC Assessment provides annual property valuations for tax purposes, while home appraisals offer detailed market value assessments for real estate transactions.

Appraisal 78

Appraisal Valuation Property Taxes Inspection 78

Housing Wire

MAY 23, 2023

The need to physically inspect each property will be replaced with data or other inspection options in many cases. Tara Dugan, who works in marketing and real estate for Tavant, said that technology should focus on integrations and aggregations. These additional valuation options will lessen the opportunity for appraisal bias.”

Technology 397

Technology Appraisal Lending Valuation 397

Housing Wire

MAY 25, 2021

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. Navigating appraisal challenges in today’s housing market. Appraiser shortage.

Appraisal 370

Appraisal Valuation Real Estate Modernization 370

Housing Wire

OCTOBER 16, 2023

However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.

Agents 435

Agents Buyers Sellers Inventory 435

Realtor

NOVEMBER 7, 2023

This amount can change depending on market factors. If the market is cold, a seller could be happy with less than 1%. Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for. Home inspection : This is critical for home buyers. Pest inspections : Roaches are one thing.

Inspection 191

Inspection Insurance Sellers Buyers 191

Genworth MI Blog

AUGUST 31, 2022

The housing market has seen many changes over the past couple of years, some as a result of the COVID-19 pandemic and some from the rapid changes in the economy. With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Realvals

FEBRUARY 10, 2025

These comparables or “comps” help determine the home’s value in the current market. This figure represents the property’s fair market value. These include public records, MLS listings, and their own inspections/observations. These are done for government-backed loans.

Appraisal 78

Appraisal Property Taxes Real Estate Market Value 78

Housing Wire

MAY 2, 2022

From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates. The availability of floor plans really varies market by market. In many markets, however, it’s not.

Appraisal 418

Appraisal Valuation Technology Inspection 418

Housing Wire

JUNE 2, 2022

IPEN enables eClosings with enhanced security, compliance and accessibility for all parties involved and depending on the vendor, can be more quickly implemented than other solutions available in the market. How are current market conditions necessitating flexible and convenient solutions like EscrowTab?

Modernization 418

Modernization Design Technology Agents 418

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

Housing Wire

JUNE 7, 2022

On the servicing side, a default servicer will work with a number of third-party vendors to gather collateral valuation, title information, property inspections and field services reports. Originators will lose out to quicker competitors, especially in a purchase money market. Challenge 2: Shrinking margins.

Lending 393

Lending Mortgage Technology Modernization 393