Sentences with phrase «traditional appraisal»

That's different from traditional appraisals, which involve visiting homes and estimating their value while noting details like moldy walls that may affect that value.

Giant mortgage investor Freddie Mac plans to dispense with traditional appraisals on some loan applications for home purchases, replacing them with an alternative valuation system that would be free to both lenders and borrowers.

In essence, that would require throwing out the traditional appraisal process used by BLM to set royalty prices.

Mortgage giant Freddie Mac has announced a new program allowing some home buyers to skip a traditional appraisal, which could lower the fees.

The minimal set of facts presented in the judgment would suffice for a traditional appraisal of the applicability of the object criterion.

While NAR is pleases with the GSEs requirement of 80 percent loan to value and limitation on the types of properties that can be financed without a traditional appraisal, there are still questions on the full applicability of the program and borrower requirements.

NAR asks FHFA and the GSEs to provide more information on their programs for better transparency and assurances to the public, as well make it clear to borrowers that the transaction did not include a traditional appraisal.

An increase to the residential threshold would undermine the safety and soundness of the residential housing market, given the large percentage of residential properties that would no longer require a traditional appraisal.

Freddie's Automated Collateral Evaluation (or ACE) will determine a property's collateral risk by culling data from multiple listing services, public records, and historical home values, and then assess whether a buyer needs a traditional appraisal or an automated one.

The sales comp approach is what you think of when you think of a traditional appraisal.

Mortgage giant Freddie Mac has announced a new program allowing some home buyers to skip a traditional appraisal, which could lower the fees the buyers pay and speed up the closing process.

Independent testing shows that, while 70 % to 80 % of property valuations are best handled by AVMs, the balance require hands - on analysis through an alternative, such as a desktop, drive - by, or traditional appraisal.