Last week, both Fannie Mae and Freddie Mac announced their new appraisal-free products for purchase mortgages, but the appraisal industry is raising concerns over the automated appraisals, even accusing the GSEs of not bearing the consequences of the risk they are taking. Read more about this topic at: https://www.housingwire.com/articles/41097-appraisers-raise-concerns-over-fannie-freddie-automated-appraisals
Author: Monarch Title
2 Major Reasons Why Inventory is So Low
Inventory of available homes on the market is the lowest it’s been in two decades, but the reasons may surprise you. Two of the likely culprits are baby boomers and homeowners who are simply satisfied with their home, according to Realtor.com®’s Housing Shortage Study. Baby boomers are showing a desire to age in place in […]
Why a Career in Real Estate is the Perfect Fit for Many Millenials
The world has changed. The technological innovations of the last twenty years have led to the exchange of information with an ease and volume that was virtually unimaginable just a generation ago. Social media platforms keep us connected with family, friends, colleagues and acquaintances on a daily basis. Economic crises, environmental disasters and the threat […]
Amazon Quietly Reveals Possible Expansion into Real Estate
As shoppers scoured Amazon’s website recently for its annual “Prime Day” deals, the online shopping giant quietly disclosed a new service coming soon to its users, which would embark into the world of real estate and turn it into a competitor with Zillow and Redfin. Tucked into the website’s Home and Business Services section, where users can receive quotes […]
The Science of Homebuying Psychology: A Study
A recent survey of approximately 3,350 U.S. residents in 11 different metro areas who have either bought a home, sold a home, or plan to do so was conducted in the hopes of uncovering new perspectives and trends amongst recent homebuyers. It didn’t disappoint! Perhaps the most interesting finding of the survey was that one-third […]
Credit Unions Gain Mortgage Market Share
As the quarterly volume of residential loan production sank, credit unions successfully captured a bigger piece of the U.S. mortgage market. $38 billion of the latest volume came from credit unions, according to data supplied to Mortgage Daily by Callahan & Associates. Credit union lending consisted of $31 billion in first mortgages and $7 billion in other real […]