Appraisers are getting more responsibilities. As of Feb. 4, appraisers will be required to submit a report that the market analysis they produced supports both the indicated overall market trend and market-derived time adjustments for changes in market conditions. They will also have to include an illustration of the methodology used to determine specific comparable…
"January 15, 2025" Archives
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Rising mortgage rates and home prices are already a strain on homeowners across the country. On top of that, a new study revealed that Texas homeowners have lost billions of dollars over the past three years in property tax payments. Property tax consulting company Ownwell conducted a study that analyzed in-house and county-level data from…
When I started my first brokerage in my late twenties, I was full of ambition but had no idea what to expect. While I would like to say I knocked it out of the park on my first try, I had to make many mistakes before considering myself an expert. Despite the learning curve, becoming…
Home Equity Conversion Mortgage (HECM) volume took a hit in 2024 and the HECM-backed Securities (HMBS) issuance market also saw overall reductions in output for the year, giving further context to a challenging period for the reverse mortgage industry broadly. Once again, total issuance was down in 2024, and the top 10 issuers reshuffled slightly….