You Only have to Make 700 +/- Decisions in the Next Six Hours by Diana Jacobs It’s a curious time in which the appraiser finds themselves practicing. There is greater oversight with demands for shorter turnaround time. There are appraisal management companies (AMCs) that shop the appraiser’s turnaround time and … Continue reading
Category Archives: Real Estate
Looser Underwriting Standards
News reports indicate that major banks in the U.S., including J.P. Morgan Chase and Wells Fargo, have begun lowering their underwriting standards for one-to-four family homes. The reason: continued decline in new mortgages in January, a Mortgage Bankers Association projection that total originations will decline to $1.116 trillion from approximately … Continue reading
The Appraisal Menace
Background The origin of the concept of land as an asset is lost in the mists of time. Ancient Greece adhered to it, and the 8th century Franks featured fiefs and personal vassalage which bound the vassal to their king. In 1066 the Normans took the system with them when … Continue reading
Real Estate
The Secondary Market American institutional lenders commonly fund two types of real estate loans: conventional, and government-insured and/or guaranteed, primarily by the Federal Housing Administration (HUD), the Veterans Administration (VA) and the Farmers Home Administration (FmHa). While lenders may choose to keep loans in their portfolios, the vast majority do … Continue reading