Home / Tag Archives: Appraisals (page 9)

Tag Archives: Appraisals

Consumers Expect Higher Home and Rent Prices in Fannie Mae Survey

The positive outlook on home prices was further strengthened in Fannie Mae's most recent housing survey. In the October survey, respondents raised their expectation for home price growth in the next 12 months to 1.7 percent, up from 1.5 percent in September. In October 2011, consumers expected prices to fall by 0.3 percent. In addition, only 10 percent of respondents expect home prices to drop during the same one-year period.

Read More »

Case-Shiller: August Home Prices at 2-Year High

U.S. home prices continued to increase in August as the Case Shiller 20-city Home Price Index increased 0.9 percent to its highest level since September 2010. The 20-city index is up 2.0 percent in the last year. The 10-city also rose 0.9 percent in August, increasing to 158.62, 1.3 percent ahead of August 2011 and the highest level since October 2010. The monthly gain in each index was slower than in July, when the 10-city index went up 1.5 percent and the 20-city index improved 1.6 percent. July also saw gains in all 20 index cities.

Read More »

PCV Murcor Debuts Rental BPO Valuation Tool

PCV Murcor is unveiling its newest valuation tool to mortgage industry professionals this week at the Mortgage Bankers Association's 99th Annual Convention in Chicago. It's called Rental Broker Price Opinion (BPO)--a tiered offering that includes a BPO, automated rent estimate (ARE), and an optional reconciled broker opinion of the ARE.

Read More »

Reports: Refi Numbers Low Despite Low Mortgage Rates

It was no surprise when mortgage rates dropped in the weeks following the Fed's announcement that it would purchase $40 billion of agency mortgage-backed securities (MBS) each month until the labor market shows substantial improvement. Even with the record-low mortgage rates seen today, refinancing numbers are still not as high as expected. CoreLogic and Capital Economics highlighted different factors for the lack of refinancings in separate reports.

Read More »

Distressed Sales Interfere with Accurate Appraisals: NAR

Inflated appraisals were identified as one of the causes of the housing bubble, and now undervalued appraisals are viewed as a reason for a stalled recovery. In a National Association of Realtors survey related to home appraisals over the past three months, 11 percent of Realtors said a contract was cancelled because a home was appraised at a value below the negotiated price. One reason for the low values, according to the NAR, is because some appraisers are not taking into account the difference between distressed and non-distressed homes when making comparisons.

Read More »

United States Appraisals Announces Weekly Pay for Appraisers

The pressure is on now for a nationwide appraisal management company that says it will start paying its appraisers on a weekly basis. United States Appraisals made the announcement Tuesday, and explained the capability to make payments weekly follows the adoption of a new proprietary operating system.

Read More »

New York AG Announces $7.8M Settlement for Inflated Appraisals

New York Attorney General Eric T. Schneiderman announced a $7.8 million settlement with eAppraiseIT and its parent corporation, CoreLogic, formerly known as First American Corporation. The settlement is in regards to allegations that eAppraiseIT violated appraiser independence laws by conspiring with Washington Mutual (WaMu) to inflate home values.

Read More »