Buzz Feed

AMCs Fighting Over Next Generation Valuation Products and Technology

By Peter C The residential valuation business for mortgage lenders has been taking big steps lately toward wide scale replacement of the historical Uniform Residential Appraisal Report (URAR or 1004) form used in mortgage lending. As this movement happens, some would-be providers of replacement valuation products (such as “hybrid” appraisals) and automated valuation models (AVMs) are fighting over Via:: AMCs …

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Annual Inflation Accelerates on Monthly Decline

By Michael Neal The Bureau of Labor Statistics reported that consumer inflation fell by 0.1 percent over the month of March 2018 following a 0.2 percent increase in February. This is first monthly decrease since May 2017. Energy prices fell by 3 percent over the month as gasoline prices were 4.9 percent lower than their level in February. In contrast, …

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Homeowners Achieve a More Realistic View of Home Values

By QLAdmin • Quicken Loans’ National HPPI shows appraised values 0.36% lower than homeowners estimated in March • Home values rose 1.84% nationally in March, but posted a 7.64% year-over-year increase, according to the Quicken Loans HVI DETROIT, April 10, 2018 – American homeowners are nearly seeing eye-to-eye with appraisers who are assigning a value to their home. In March, …

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Appraisers in Arbitration – Legal Risk?

By Peter C As real estate appraisers seek to diversify their services beyond traditional lending work, one of the fields I think appraisers should be looking to more is serving as an arbitrator. When disputes concern real estate interests, appraisers are well-positioned to offer their expertise not only as valuation experts for one side, but also as decision-makers in the …

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Mortgage Rates Rise

By Michael Neal The Federal Housing Finance Agency reported that mortgage contract rates on purchases of newly built homes rose by 11 basis points over the month of February to 4.14 percent, near its last peak level of 4.18 percent established one year ago in February 2017. Over the past year, the average mortgage rate on purchases of newly constructed …

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Owner and Appraiser Opinions of Home Values Inch Closer To Equilibrium

By QLAdmin • Quicken Loans’ National HPPI shows appraised values 0.53% lower than homeowners estimated in February • Home values dipped 0.07% nationally in February, but posted a 6.37% year-over-year increase, according to the Quicken Loans HVI DETROIT, March 13, 2018 – The trend of home value opinions from appraisers and owners moving ever-closer together resumed in February, after taking …

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Owner Perception of Home Value Dips after Seven Months of Improvement

By QLAdmin • Quicken Loans’ National HPPI shows appraised values 0.60% lower than homeowners estimated in January • Home values rose 0.46% nationally in January, with a 7.03% year-over-year increase, according to the Quicken Loans HVI DETROIT, February 13, 2018 – The gap between an appraisal value and homeowner expectations widened in January – reversing course for the first time …

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US Economy Grew Faster Than Previously Estimated

By Michael Neal According to the Bureau of Economic Analysis, the economy grew faster in the fourth quarter of 2017 than was originally estimated. The third estimate of GDP growth in the quarter 2.9 percent, was faster than the 2.6 percent “advance” estimate and the 2.5 percent second estimate. It confirms that the economy grew faster than its potential, strongly …

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