Is anyone busy?

[Overimprovement]

Waivers aren't the only thing limiting full 1004 orders. PDCs are increasing, and the AMCs keep adding staff, they do orders for quite less than Indy appraisers. Good luck out there!

 

[djd09]

if they can waive one...they can waive them all...except for marin city and east cleveland

 

[glenn walker]

I am busy for the past 5 weeks, but it is erratic - a spurt of busyness, then slow - I hope things pick up for you! Of course, Waivers affect us - the Latest GSE study shows Waivers are 18% of volume -

Would the folks who green-lighted Waivers have done so if it meant their own income was reduced by 18% ?

No their's goes up and provide
them more job security when yours goes down. Sometimes your the windshield and sometimes the bug and today your the bug. Lol )

 

[IlliniApp]

The average gasoline price in Connecticut has seen a 1.1 cents per gallon increase in the last week, averaging $3.04 per gallon. This is a 3.1 cents per gallon increase from a month ago and a 55.4 cents per gallon increase from a year ago. The national average price of gasoline has fallen 6.9 cents per gallon from a month ago and 41.0 cents per gallon from a year ago. The cheapest station in Connecticut was priced at $2.74, while the most expensive was $3.77, a difference of $1.03.

GasBuddy

Guess we have a Red States vs Blue State gas war under the present admin. and so goes the battle. As for housing, those who benefitted on the C19 low rates will determine when & if they want to downsize or give up those rates. As noted, several times, during C19 throwing money at a problem was & is not a solution and those who believe thay are leaders have failed the American Public, Hugely by not having an end run plan in place.
IMO- throwing everything at the wall (current admin) with no end result or plan, will only make the "whole" deeper to dig out of in the end. Health care is a sheit show, along with other problems and have yet to see any offer of a solution.

?? The price of gas in my area just dropped by 40 cents in a couple weeks. Illinois was a blue state last time I checked.

 

[Tim Hicks (Texas)]

Still getting 7-10 a week down here ... lots of 2055s, some purchases, some HELOC appraisals, and some refinances of rentals that flippers couldn't sell the past few years due to high interest rates.... helps to have built up a very large client base ... I don't know about many appraisers having retired as of December 31st, but I do know that a whole lot of us will retire once the 3.6 Abomination is fully implemented, including yours truly.

Same here, except it has been years since I received a 2055 order. I did have an REO this week that had two homeless ladies sheltering from the cold (70's).

 

[Sadie]

Who knows if their stats are correct - personally, I believe Waivers/value acceptance is 30% range based on my own comparisons of volume fwiw.-

90% sounds high -perhaps it is time to market for new clients. Have you contacted any of your existing clients and asked why their orders are down

Don't forget the hybrids

 

[Sadie]

Same here, except it has been years since I received a 2055 order. I did have an REO this week that had two homeless ladies sheltering from the cold (70's).

We they in their 70's or was the temperature in the 70's?

 

[Tim Hicks (Texas)]

We they in their 70's or was the temperature in the 70's?

Sorry, temperature.

 

[Bobby Bucks]

Same here, except it has been years since I received a 2055 order. I did have an REO this week that had two homeless ladies sheltering from the cold (70's).

I've had an increase in REOs the last 3 months, 1004s & 2055s. The pattern I'm noticing is tract homes purchased 3 years ago for little to no money down means they're upside down when the market goes down 10%, plus RE fees if they get an agent foolish enough to waste their time on those listings. Thank you DR Horton....the nations biggest homebuilder is the champion for creating negative equity.

 

[Sadie]

Sorry, temperature.

I had visions of 70 YO homeless women and was going to post about how poorly we treat seniors. But never mind.