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Tag Archives: Quicken Loans

Homeowner & Appraiser Opinion Gap Narrows

Homeowners and appraisers are inching closer to seeing eye to eye in terms of home value opinions. Quicken Loans’ national Home Price Perception Index found that the average appraisal in November was 1.87 percent lower than the value the homeowner expected.

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Quicken Loans Raises Speculation of Exiting FHA Home-Loan Program

Earlier this year, the nation's third-largest mortgage lender and the Department of Justice went back and forth in a legal battle accusing the lender of improperly originating and underwriting Federal Housing Administration-insured mortgages. This battle could very well be the lender's motivation to leave the government program alone for good.

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Homeowner & Appraiser Perception Gap Widens Further in August

Homeowners continued to overvalue their homes for the seventh consecutive month in August when compared with appraiser opinions. Quicken Loans reported in their Home Price Perception Index that homeowner estimates were 2.65 percent higher than appraiser opinions, the largest gap in over a year.

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