July, 2019 - Appraiser Income

4th July 2019

Happy Independence Day!

Happy Birthday to US! Hope everyone is having a great 4th with friends and family!

YOU better be taking the day off. Yeah, I’m talking to you. You know who you are.

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3rd July 2019

Government Agencies Strive to Be More Lender-Friendly

NEW YORK–Representatives from government housing agencies said they are making progress in breaking down barriers that discourage mortgage lenders and servicers from working with them.

FHA Commissioner Brian Montgomery, speaking here at the MBA National Secondary Market Conference & Expo, said FHA is at an “important crossroads.”

“It’s clear that our regulatory compliance standards discourage depository institutions from participating as FHA partners,” Montgomery said. “I strongly believe this discouragement has a huge impact on FHA products.”

Montgomery said he is committed to evaluating policies to encourage more FHA lending, citing efforts to increase transparency and ease regulatory burdens. Last week, for example, FHA announced changes to its loan level and annual certifications and defect taxonomy; in March, FHA announced changes to its TOTAL Scorecard.

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1st July 2019

Realtors® Midyear Forecast: Home Sales Expected to be Stronger

WASHINGTON (May 16, 2019) – Continued economic expansion, rising home sales and an increase in wage growth that is on par with home price growth are some of the expectations for the second half of 2019, according to speakers at today’s residential real estate forum at the 2019 REALTORS® Legislative Meetings & Trade Expo.

Dr. Lawrence Yun, Chief Economist at the National Association of Realtors®, delivered his 2019 midyear forecast, which predicted changing future migration patterns as buyers search for more affordable markets. Inventory in the U.S. has grown for eight straight months on a year-over-year basis, and Yun expects that to continue.

“Home sales should be much stronger based on the economic fundamentals of jobs, interest rates, population and consumer confidence,” said Yun.

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