Appraisals

Home price appreciation is continuing to decelerate due to affordability concerns that are unlikely to let up even though recent market developments have put some downward pressure on mortgage rates.

Mortgage technology company SharperLending is tapping mobile devices to offer a quicker and more efficient loan process for lenders in instances that don’t require full appraisals.

ReverseVision and Stratmor Group are building a benchmark for Home Equity Conversion Mortgages that could help determine how well these Federal Housing Administration loans serve seniors.

Federal regulators have issued answers to frequently asked questions on appraisal regulations.

Hurricane Michael is putting mortgage transactions with a combined value of over $400 million in jeopardy, according to ClosingCorp estimates.

While September had a steady yearly rise in home prices, the month-to-month growth is slowing down, according to Quicken Loans.

Technology will help compile and assess property data so that the future of real estate appraisers is that they won’t exist, says Matt Rider, chief information officer at Franklin American Mortgage.

The Federal Housing Administration is mandating that lenders originating new reverse mortgages offer a second property appraisal in certain cases.

The House of Representatives passed two bills that would tie appraisal waivers for Small Business Administration loans to bank rules for commercial real estate loans, despite objections from the Appraisal Institute about its members being cut out of transactions.

Fannie Mae will add an appraisal waiver option for mortgages in regions that its Duty to Serve program designates as high-needs rural areas, but only if home inspections are completed instead.