Appraisals

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.

The typical homeowner spends 17.5% of their income on monthly mortgage payments, according to Zillow's second quarter affordability report.

New Jersey Governor Phil Murphy signed a bill to revise the state's Residential Mortgage Lending Act to facilitate transitional licensing for loan officers and to streamline the law's provisions for borrower fees.

Almost $50 billion. That's how much Spokane County, Wash., is worth, according to this year's property assessments, up $4.1 billion over last year.

Xome, a company Washington Mutual successor WMIH Corp. obtained when it bought Nationstar, has appointed a new CEO who previously was part of Genesis Capital's C suite.