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At the NC Appraisal Center
we keep up with the latest
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252.268.2355
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Real Estate News:
 
5 Home Dangers Cited by Electricians
9/13/2019 12:00 AM
The leading cause of home fires is due to electrical mishaps. Reduce your risk....Read More
 
Could Mortgage Rates Really Drop to Zero?
9/13/2019 12:00 AM
President Donald Trump started a buzz this week when he called on the Federal Reserve to drop its key interest rates next week to zero or even negative. Is it possible?...Read More
 
Report Highlights Greatest Wildfire Threats
9/13/2019 12:00 AM
Find out which areas face the gravest risks....Read More
 
Mortgage Rates Reverse, Post Increases This Week
9/13/2019 12:00 AM
Despite the uptick, this is the first time that the 30-year fixed-rate mortgage has been under 3.6% for more than four consecutive weeks since 2016....Read More
 
Concierge Programs Aim to Ease Transaction Pain
9/13/2019 12:00 AM
Brokerages are looking for new ways to cater to customers and ensure real estate pros stay at the center of a transaction....Read More
 
NAR: Repeal of Clean Water Rule Should Spur Homebuilding
9/12/2019 12:00 AM
The association seeks regulations that are less restrictive on real estate development after the Trump administration strikes down Waters of the U.S....Read More
 
Are iBuyers Opening the Door to Squatters?
9/12/2019 12:00 AM
An Arizona couple was arrested after being found in a vacant home owned by iBuying giant Opendoor....Read More
 
How Buyers Fund Their Home Purchase: Smart or Risky?
9/12/2019 12:00 AM
From tapping into retirement savings to getting gifts from family and friends, home buyers are on the hunt for more money to bring to the closing table....Read More
 
Small Cities Dominate Hottest Housing Market Rankings
9/12/2019 12:00 AM
“Smaller markets with smaller price tags continue to heat up feverishly,” says a realtor.com® spokesman....Read More
 
California’s New Rent Control Law Alarms Industry
9/12/2019 12:00 AM
Movements across the country to cap rental rates set a dangerous precedent, NAR and other housing leaders say....Read More




Real Estate News:
 
Mortgage Rates" Week Goes From Bad to Worse
9/13/2019 2:17 PM
Posted To: Mortgage Rate WatchMortgage rates were already having their worst week since 2016 as of yesterday afternoon. Rather than help to heal some of the damage, today"s bond market momentum only made things worse . Whether we"re looking at 10yr Treasury yields a broad indicator of longer-term rates or avera...Read More
 
Tariffs are Creating a Perfect Storm for Builders
9/13/2019 9:08 AM
Posted To: MND NewsWireThe California Building Industry Association (CBIA) is calling the Trump Administration tariffs the "perfect storm" for the state"s already troubled housing industry. The Association says tariffs, which have impacted the price of appliances, certain countertops, some items made of lumber, steel and...Read More
 
DPA, HELOC, Non-QM Products; Lender Flood News; What"s Driving Rates?
9/13/2019 7:49 AM
Posted To: Pipeline PressAny month that starts on a Sunday contains a Friday the 13th. The superstitious sufferers of “triskaidekaphobia” try to avoid bad luck by keeping away from anything numbered or labelled thirteen, while others, such as some attorneys for whatever reason, b...Read More
 
MBS Day Ahead: As 1.80% Gives Way in 10yr Yields, What Would Be Next?
9/13/2019 7:36 AM
Posted To: MBS CommentaryIn the day just passed, bonds got our hopes up early with an initially positive reaction to the ECB announcement. We were even in the green for most of Draghi's press conference, but heading into 9:30am, the tone began to change. Ultimately, 10yr yields ran up to the highest po...Read More
 
MBS RECAP: Game Over? Maybe, Maybe Not...
9/12/2019 5:18 PM
Posted To: MBS Commentary10yr yields hit 1.80% today. Using the power of the MBS Live search feature, I compiled the following list to put 1.80% in context: "I'd be looking at 1.80% in 10yr yields as the first threshold of concern. We could weaken as much as we want under that level and it wouldn&...Read More
 
Worst Week For Mortgage Rates Since 2016
9/12/2019 4:21 PM
Posted To: Mortgage Rate WatchMortgage rates didn"t have a great day today, moving even higher from what were already the worst levels in a month as of yesterday afternoon. In and of itself, this single day wasn"t any more dramatic than the average "bad day," but taken together with the past 3 days and the asse...Read More
 
Are Lenders Anticipating a Slowdown? Available Credit Falls 3.9 Percent
9/12/2019 10:35 AM
Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) says its Mortgage Credit Availability Index (MCAI) suffered its largest decline in eight months in August. The Index fell 3.9 percent to 181.7, MBA says this indicates that credit is tightening. The MBA announcement comes on the heels of Fannie Mae"s release o...Read More
 
MBS Day Ahead: Bonds Get First Opportunity to Reverse Curse After ECB
9/12/2019 8:25 AM
Posted To: MBS CommentaryIn the day just passed, the recent bond market selling-spree showed its first serious signs of leveling off since it began one week ago. This wasn't as triumphant is it sounds, however. Treasuries were unwilling to follow European bond yields lower in the early morning hours. F...Read More
 
Capital Markets Products; Training and Events, Some Today; Stearns" Rumblings
9/12/2019 8:02 AM
Posted To: Pipeline PressI apologize in advance for the length of today’s commentary, but there’s a lot going on! Ask any economist if rent control works, and they’ll say, “No.” But that didn’t stop California’s Assembly from voting in state-wide ren...Read More
 
Fraud Risk Decreases on a Wave of Refi Activity
9/12/2019 7:18 AM
Posted To: MND NewsWireMortgage application fraud declined in the second quarter of this year. CoreLogic"s report on the incidence says that one out of every 123 mortgage applications submitted during the quarter (0.81 percent) had a fraudulent component compared to one in 109 (0.92 percent) in the second quarter of 2018...Read More




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Appraisers Speak Out:
 
Non-permitted Additions
9/4/2012 8:40 AM
Other the last few weeks I have noted a common theme in my conversations with appraisers across the nation. This topic seems relatively simply and yet since I have encountered endless questions I thought this post may add something to overall community. The question boils down to “What is the big #$%^&*@! deal with non-permitted … <...Read More
 
Self Evident Reports
7/11/2012 8:19 AM
Over the span of the last several decades, many residential appraisers were brought into this profession to meet the demand for residential mortgage lending reports. The problem with this has become clear as many were trained with one mindset, residential lending appraisals. They became “self-proclaimed experts” at filing out forms and ...Read More
 
It may be trite, but truth tends to get repeated…
5/10/2012 7:20 AM
The acting of appraising, is one that is complex but simple, commonplace and quite rare. We as appraisers should take a moment to remember that our profession was borne out of a time mistrust and calamity. Actually it has been said, that the appraisal profession is the second oldest profession in the world… that is … Read More
 
Sense is like courtesy it is no longer common!
4/17/2012 12:53 PM
I dealt with an old question recently that I felt was pertinent and worthy of repeating. The question arose in  Brooklyn, NY when an underwriter demanded that the appraiser include the basement area as part of the gross building area when comparing the subject to the comparable sales. After all they reasoned, Fannie Mae guidelines, … Read More
 
If you want to stop crime, make it against the law!
4/3/2012 10:04 AM
It is this type of thinking that has made it increasing difficult for honest appraisers, while providing a buffer for the true criminal that seeks to manipulate the system. Is it really as simple as the best appraiser is the one who is always on time, always fills out the form according to UAD, and … Read More
 
For Clarity Sake
3/7/2012 8:33 AM
Once again I find myself harping on the original intent of USPAP. The purpose of the Uniform Standards of Professional Appraisal Practice (USPAP) is to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers. It is essential that appraisers develop and communicate their analyses, opinions ...Read More
 
Thanks FHFA, for the clarification?
2/22/2012 12:25 PM
Pre UAD The subject is a one-story, brick veneer residence, found to be average quality for a site-built home built in 1973. The condition was rated as average, with no deferred maintenance noted and no need for any immediate repairs. UAD Compliant C3; No updates in the prior 5 years; no need for repairs noted. … Read More
 
Signed or Unsigned that is the Question
2/7/2012 11:30 AM
There is an interesting discussion taking place on some of the forums over the last 9 days with regard to USPAP 2012-2013. Whether or not the additional certifications require a signature. Before weighing in on an esoteric discussion, I would like to remind everyone that the first and foremost intent of USPAP is clarity. To … Read More
 
Appraisal of the Industry
1/31/2012 12:08 PM
Of course any one who has bothered to open USPAP, or read the preface of any appraisal related book is very likely familiar with the valuation process. definition of the problem preliminary analysis data collection highest and best use analysis estimate of land value application of the three appraisal approaches : cost, market, incom...Read More
 
Customary and Reasonable?
1/30/2012 3:08 PM
What if the custom has become beyond a point of reason. The change that appraisers have been asked to make is their new operating budget because their fees for one assignment is about the same amount you collect in one machine at a laundromat in the middle of the week. Customary and Reasonable? For whom?? … Read More



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