AVMs, Appraisal Tools Among New Valuation Offerings
Several new appraisal products include an automated valuation model, an appraisal ordering tool and a service that compares multiple appraisals.
Freddie Eases Appraisal, Condo & Jumbo Policies
Changes being made by the Federal Home Loan Mortgage Corp. relax requirements for appraisals, condominiums and jumbo mortgages. Also impacted are assets used to make payments.
Mobile Apps for Appraisals, Credit, Originations
Mortgage service providers have launched or updated mobile applications to help with appraisals, credit reports and production. A pair of reports offer insight into mobile technology.
Home Prices Continue Climbing, Records Broken
House values continue to rise, with some home price indices solidly in record territory. But escalating values reflect a persistent inventory shortage.
Northeast, Midwest Drive Down Existing Home Sales
Inventory shortages were a factor in a slowdown of existing home sales last month. The decline was driven by the Midwest and the Northeast.
High-LTV Guidance Issued for Banks
The nation's primary regulator of national banks has clarified lending practices for financial institutions that make residential loans with high loan-to-value ratios in struggling areas.
Fannie to Allow Some Appraisal-Less Transactions
Like its secondary cousin, the Federal National Mortgage Association will begin allowing some home-purchase financing loans without appraisals.
Tool to Eliminate Appraisals on Some Freddie Loans
A new automated tool from the Federal Home Loan Mortgage Corp. will enable some home buyers to avoid the time and expense of a full appraisal report.
Home Price Indices Continue Escalating
Multiple monthly home price indices continued climbing to higher elevations, with the West dominating the rise. At least one index reached another all-time high.
South Leads Drop in Existing Home Sales
Although the number of residential properties sold last month was the highest in years, the annual rate was still lower. The South had the biggest impact on national sales.