January 2, 2016 by Bostedo Appraisal Services - the Pittsburgh Appraisers
Ever wonder how an appraiser knows how long your home will take to sell? Being an expert in your market makes us at Bostedo Appraisal Services the authority — the guys and gals everyone goes to when they have a complex question about real estate.
Well, allow me to introduce you to Absorption Rate. Before your mind wanders off into numbness, let me also tell you that this is one of the most practical metrics or measurements you can learn for your market or for you as a seller. Better than that, it will only take you a few minutes to learn it. It should be pointed out, although the manufacturing segment of the economy has been using this metric for decades, real estate, for the most part still doesn’t.
OK, so what is Absorption Rate? Simply put, (more…)
December 29, 2014 by Bostedo Appraisal Services - the Pittsburgh Appraisers
First, what is “CU”? CU is the acronym for Fannie Mae’s new in-house tool for examining credit risk called ‘Collateral Underwriter’. Fannie Mae is rolling it out to Lenders and, indirectly, to their AMC partners in January 2015. Their objective is to distribute CU to support more proactive management of appraisal quality by empowering lenders to address potential appraisal issues prior to loan delivery.
Starting January 26, 2015, all lenders and lender agents will have full access to the program which includes the CU risk score along with the risk flags (more…)