Third-Party, Down Payment, Outsourcing Products, Freddie and Fannie Updates for Appraisals

It isn’t as if building or lending products, or ways of doing business, were handed down by Trappist monks. Change is always afoot, for better or worse. What is old is new again. Teachers are moving to oral exams to counteract AI and ChatGPT, similar to ancient Greek and Roman times. In the West and Southwest, adequate water rights and supplies have always been contentious but have resurfaced (get it?) with news that may impact other cities and towns: Arizona began limiting approvals for new developments within the Phoenix area. It’s hard to build large affordable housing developments or swaths of housing in general if there is no water. Or road or sewage capacity. For fans of tiny homes, what is old is new again, and the Sears catalog kit houses (sold between 1908 and 1942) of old are back at Home Depot: Here’s 837 square feet for $43,000, 540 square feet for $44,000, and 444 square feet for $32k. (Today’s podcast can be found here and this week’s is sponsored by Built Technologies. Join Built Technologies on June 20th at 12 PM CST for an exclusive webinar that will dive into proactive portfolio monitoring as Built’s experts share best practices for achieving greater visibility into your construction portfolio. Today’s includes an interview with American Land Title Association’s Elizabeth Blosser on non-title recorded agreements for personal service, NTRAPS.) Lender and Broker Products, Software, and Services Many historic events have happened on June 20, and counting. In 1837, Victoria was crowned Queen of England at the age of 18. In 1975, Steven Spielberg’s Jaws was released in theaters. And in 2023, three renowned thought leaders from Optimal Blue, a division of Black Knight, will share their knowledge at MBA Florida’s Eastern Secondary Conference. Don’t miss the opportunity to hear Mark Teteris, CMB, lead a panel discussion about a day in the life of a secondary manager. Then, Mike Vough will share his expertise during a session focused on hedge advisory firms and mortgage servicing rights. Finally, Steve Baselice will participate in a timely panel focused on hedging your pipeline in turbulent market conditions. Don’t miss these informative sessions while you’re in Orlando. It could be your chance to be part of history in the making!