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The MReport Webcast: Wednesday 8/12/2015

Quicken Loans reported on Tuesday that the gap between homeowner estimates and appraiser opinions of value in July was nearly double the gap between these values in May. This will mark the sixth consecutive month that homeowners valued their homes higher than appraisers.

 

Appraiser opinions of home values were 2.33 percent lower than homeowner estimates in July, according to the company’s national Home Price Perception Index. Last month’s gap was nearly double the difference between opinions in June when appraisers’ opinions were 1.4 percent less than homeowners’ estimates.

 

TransUnion research released Tuesday found that credit unions' share of all mortgage originations has increased from 7 percent in Q1 2013 to 11 percent in Q1 2015. Although credit union mortgage originations decreased 24 percent between 2012 and 2014, originations have actually increased 35 percent from Q1 2014 to Q1 2015. Meanwhile, the rest of the market experienced a 48 percent drop between 2012 and 2014 and only experienced 15 percent growth in the past year.

About Author: Jordan Funderburk

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