Mortgage Bankers Association‘s (MBA) Purchase Applications Payment Index (PAPI) shows homebuyer affordability was mostly unchanged in June, with the national median payment applied for by applicants down slightly to $1,893 from $1,897 in May. PAPI measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).
“Median mortgage applications payments have held steady during the last two months but remain much higher than
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD).
The Dawn of a New Appraisal Era In the ever-evolving realm of technology, few innovations have garnered as much attention and promise as blockchain. Originally
This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include funny Buzztoon comics,
Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can
