Appraisal News and Trends; Comp Survey on LO Base Pay

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Posted To: Pipeline Press

Overheard the other day: a young person telling a friend, “Why should I get a loan now? I am going to wait for negative rates here in the U.S. so banks will pay me to borrow the money!” Anyone investing in mortgages, whether they are whole loans or securities, wants to make sure that the property’s value is correct. And when you’re dealing with pools consisting of thousands of loans, validating those numbers can be daunting. Appraisal news continues to evolve. The federal banking regulatory agencies issued an advisory to clarify expectations for the use of property evaluations by banking institutions. “The advisory describes the agencies’ existing supervisory expectations for the use of an evaluation instead of an appraisal to estimate a property’s market value for certain real estate-related…(read more)

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