How To Find An Apartment Within Your Budget
Finding an apartment can be a daunting task, whether you’re a first-time renter or a seasoned mover. With so many factors to consider such as location, budget and amenities, it is important to approach the process with thorough research and planning. whether you are moving Sacramento, AustinOr chicagoYou need to do your homework to find […]
Fannie Mae: Appraisals no longer the default option
Importantly, both Value Acceptance (Assessment Exemption) and Value Acceptance Plus Property Data receive “automatic value certainty with representative and warrant relief”. A traditional appraisal, hybrid and desktop options provide price certainty and representative and warrant relief based on a collateralized underwriter score of 2.5 or less. Key to the new options is Fannie Mae’s Property […]
Adjustable-rate mortgages: a guide for first-time buyers
90% of first-time home buyers use a 30-year fixed-rate mortgage to finance their home. Another ten percent use adjustable-rate mortgages (ARMs). ARMs are a standard, regulated mortgage product. They’re not bad or dangerous or hostage-to-escape types. For many first time buyers, choosing ARM vs. Fixed is more appropriate. This article discusses ARMs, what they are […]
Fannie Mae approves six vendors for controversial new appraisal initiative
Participating firms, which will collect appraisal data and put it through Fannie Mae’s API, include some of the biggest names in the mortgage tech space: solidify, class assessment, clean capital, Mueller Services, Inc., exact group And black KnightKey Collateral Analytics LLC. For the new Price Approval and Property Data option, third parties are authorized to […]
Lower mortgage rates are boosting sales of existing homes
Existing home sales fell heavily short of estimates on Tuesday. This wasn’t shocking to those who follow the way I track housing data. To understand why our sales took off so quickly, you only need to go back to November 9th, when mortgage rates began to decline. 7.37% To 5.99%, During November, December and January, […]
Black Knights Scout was added to Fannie Mae’s list of rated options.
Lenders and appraisal management companies and other property data collection companies can now use black KnightScout mobile property inspections as part of the price approval plus property data process. Black Knight said Tuesday that with the cloud-based Scout app, users can easily collect detailed internal and external asset data using a mobile device. “By using […]
Escape the City: 10 Things to Do Near Oklahoma City
Whether you’ve been a long-time resident or just moved into a new home home in oklahoma cityor possibly renting an apartment In one of its many neighborhoods, there are plenty of exciting places to visit right outside the city. From natural wonders to historical sites and outdoor adventures, there is something for everyone to enjoy. […]
CFPB and DOJ: Lenders Are Liable for Appraisal Discrimination
consumer financial protection bureau (CFPB) and US Department of Justice (DOJ) announced Monday that they filed a “statement of interest to explain the Fair Housing Act (FHA) and Equal Credit Opportunity Act (ECOA) applications of lenders who rely on discriminatory home appraisals.” The statement of interest was filed in a lawsuit, Connolly, et al. V. […]
Our most asked first time home buyer questions
Ask any first-time home buyer, and they’ll tell you – no one knows when they’re ready to buy their first home. Buying your first home is an emotional and financial experience. It will scare you. You will feel doubt, worry and nervousness. You will also feel the excitement and allure of new beginnings. You’re a […]
Opteon expands its direct-to-consumer evaluation offerings
optionThe Scottsdale-based appraisal, appraisal, advisory and property services provider has expanded its direct-to-consumer business model nationwide, the company announced Wednesday. The expansion aims to provide real estate, legal and tax professionals as well as homeowners and buyers the option to order appraisals directly through Opteon’s services, according to a company statement. “Through this expansion, we […]
