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Monthly Archives: November 2012
Demand for new mortgages is finally revving up—among big spenders, anyway.
Home sales using a jumbo mortgage had year-over-year growth of 7.9% through September, compared with 2.7% for nonjumbo sales, according to an analysis for The Wall Street Journal by mortgage-technology company FNC.
It’s the latest sign that jumbo loans, defined as $417,000 and up in most places ($625,500 and up in high-cost areas), are boosting sales of… Continue reading
The Uniform Standards of Professional Appraisal Practice (USPAP) is always a work in progress. If you haven’t heard, the Appraisal Standards Board (ASB) is hard at work considering potential changes for the 2014 –’15 edition. On Aug. 15, 2012, the Board released a second exposure draft covering these proposed changes. The ASB’s work plan for the 2014-’15 edition of USPAP includes reviewing and revising as needed the following areas… Continue reading
From FNC’s Chief Data & Analytics Officer, Bob Dorsey:
I read a book this weekend I highly recommend: The Signal and the Noise. You can’t get a better topic: statistics and probability. The author, Nate Silver, runs the FiveThirtyEight blog and does analysis of all the political polling. It’s been very accurate historically. Silver talked a lot about financial markets in the book… Continue reading