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Results: 56 Articles found.
Sep 25, 2018 08:00 AM

Appraisal Institute Opposes Bills Raising Thresholds for SBA Loans

Citing significant risks to taxpayers, the Appraisal Institute on Monday urged the U.S. House of Representatives to turn back legislation that would virtually eliminate appraisal requirements for the Small Business Administration’s two largest loan programs. Votes on two related bills are expected today in the full House.

 
Sep 19, 2018 12:30 PM

Mortgage Fraud Rose Sharply During the Second Quarter: CoreLogic

The risk for mortgage fraud jumped 12.4 percent year-over-year in the second quarter, according to the Mortgage Application Fraud Index released Sept. 13 by analytics firm CoreLogic, HousingWire reported. The index includes data for such fraud indicators as identity, income, occupancy, property, transaction and undisclosed real estate debt.

 
Sep 19, 2018 12:30 PM

Beige Books Shows Housing Activity Slowing, Commercial Activity Growing

Home sales through the end of August slowed in some Fed districts due to lower demand and reduced inventories, but commercial sales and leasing showed modest increases, as did lending activity, the Federal Reserve reported Sept. 12 in its latest Beige Book.

 
Sep 19, 2018 12:30 PM

New Google Tool Estimates Carbon Footprint of Buildings, Transportation

Google launched its Environmental Insights Explorer tool Sept. 10 to estimate the carbon footprint of a city’s buildings and all the modes of transportation used by the people living there, Fast Company reported. More than 9,000 cities have agreed to reduce emissions as part of the Paris Agreement, but many have no inventory of emissions.

 
Sep 12, 2018 10:40 AM

Farmland Prices Hold Steady Despite Trade War with China, Moodys Says

Farmland prices in the U.S. are holding steady despite the recent trade war with China, according to risk management firm Moody’s Analytics, Commercial Observer reported Sept. 4. Real estate values in the Federal Reserve’s seventh district (where most soybean production occurs) reached a record high of $3,140 per acre in August.

 
Sep 12, 2018 10:40 AM

Bill to Repeal GSEs Introduced; Appraisal Institute Reviewing Proposal

Reps. Jeb Hensarling, R-Texas, and John Delaney, D-Md., released on Sept. 6 a discussion draft bill to reform the government sponsored-enterprises and the housing finance system currently backed by Fannie Mae and Freddie Mac. The bill would repeal the GSEs’ charters and adopt a system allowing qualified mortgages to be securitized through Ginnie Mae.

 
Sep 12, 2018 10:38 AM

Fed Extends Until Mid-October the Comment Period for Volcker Rule Update

U.S. regulators announced Sept. 4 that they extended by 30 days the public comment period regarding the proposed rewrite of the Volcker Rule, Reuters reported. Comments are due by Oct. 17. The Volcker Rule bans proprietary trading by banks, which have complained that the rule is too complex.

 
Sep 11, 2018 08:00 AM

Appraisal Institute Unveils Property Use Classification System

The nation’s largest professional association of real estate appraisers today unveiled an information system that classifies and describes property uses and assists real estate analysts and others with their property use data storage and analysis.

 
Sep 05, 2018 12:30 PM

Fed Sees Greater Recession Risk as Some Seek to Halt Rate Increases

The gap between short-term and long-term borrowing costs is narrowing, which could signal the growing risk of a recession, according to a Federal Reserve study published Aug. 27, Business Insider reported. Some Fed officials believe that the flattening yield curve is a reason to halt additional interest rate increases.

 
Sep 05, 2018 12:30 PM

Moodys Says It Will Acquire Reis

Ratings agency Moody’s announced Aug. 30 that it is acquiring the analytics firm Reis, MarketWatch reported. The $278 million deal expands Moody’s presence in the U.S. commercial real estate market. ​

 
Sep 05, 2018 12:30 PM

Medical Office Vacancies at 10-Year Low; Developers Stay Busy: Report

The medical office market remains a hot sector for institutional investors, with building vacancies rising slightly but still at a 10-year low, according to commercial real estate brokerage Marcus & Millichap, Globest.com reported Aug. 30. Developers are on track to deliver an additional 9.9 million square feet this year.

 
Aug 29, 2018 12:30 PM

National Mortgage Settlement Involving Feds, States and Banks Wraps Up

The National Mortgage Settlement between the federal government and 49 states and five of the nation’s largest banks and mortgage servicers has concluded after netting $25 billion in consumer relief and other payments, HousingWire reported Aug. 22. The settlement, announced in February 2012, involved allegations that mortgage documents were being “robo-signed.”

 
Aug 29, 2018 12:30 PM

Fannie, Freddie Drop Pilot Programs That Targeted Single-family Rentals

The Federal Housing Finance Agency announced Aug. 21 that Fannie Mae and Freddie Mac will end their pilot programs for the single-family rental market, HousingWire reported. The government-sponsored enterprises conducted its “test and learn” for a year before determining that the market can function without GSE assistance.

 
Aug 29, 2018 12:30 PM

Oregon Allows Timber High-Rises

Oregon passed an addendum to its building code that allows timber structures to be built higher than six stories without having to apply for special permission — the first state to OK this type of construction, Curbed reported Aug. 21.

 
Aug 22, 2018 12:30 PM

Royal Bank of Scotland to Pay Nearly $5B Over Mortgage Securities Misconduct

The U.S. Justice Department announced Aug. 14 that Royal Bank of Scotland will pay $4.9 billion to settle claims that it misled investors when underwriting and issuing residential mortgage-backed securities leading up to the housing crisis, HousingWire reported. The penalty is the largest ever imposed by DOJ related to the financial crisis.

 
Aug 22, 2018 12:30 PM

High Demand for Warehouse Facilities in Coastal Markets, Report Shows

Coastal markets are reporting significant demand for warehouses between 25,000 and 40,000 square feet, with vacancy rates for such properties hovering around 1 percent for four consecutive quarters, according to real estate services firm Colliers International, National Real Estate Investor reported Aug 13.

 
Aug 22, 2018 12:30 PM

Commercial Real Estate Executives See Balanced, Stable Market: Survey

Commercial real estate is expected to remain “balanced and stable” despite concerns that the market is nearing the end of its current cycle, according to CRE executives who responded to a survey from nonprofit public policy organization the Real Estate Roundtable, MBA NewsLink reported Aug. 15.

 
Aug 21, 2018 12:00 PM

Jim Amorin Named Appraisal Institute CEO

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced it has hired Jim Amorin, MAI, SRA, AI-GRS, of Austin, Texas, as its chief executive officer after a nearly year-long search.

 
Aug 15, 2018 12:30 PM

North Dakota Seeks Appraisal Waivers for Some Residential Loans: Report

Officials in North Dakota are seeking a temporary appraisal waiver for residential loans up to $500,000, citing a shortage of qualified appraisers, Mortgage Daily reported Aug. 6. The joint request came from Gov. Doug Burgum, the Department of Financial Institutions and the North Dakota Bankers Association. ​

 
Aug 15, 2018 12:30 PM

Fannie Mae No Longer Requires Form 1004MC in Updated Selling Guide

Appraisers are no longer required to use form 1004MC, effective immediately, Fannie Mae announced Aug. 7 when releasing its updated Selling Guide. The change was anticipated and is expected to simplify reporting for appraisers and review for lenders. Appraisers still are responsible for analyzing and accurately reporting market conditions.

 
Aug 15, 2018 12:30 PM

Report Shows Possible Multifamily Downturn, Reveals Market Opportunities

While the multifamily market currently is strong, a downturn is expected over the next three years, making this a good time for both investors and sellers — depending on the city, according to online marketplace Ten-X, HousingWire reported Aug. 6. Houston is the top city for investors, while Miami is the top city for sellers.

 
Aug 08, 2018 12:30 PM

President Signs Bill Authorizing 4-month Flood Insurance Extension

President Trump on July 31 signed legislation that extends the National Flood Insurance Program by four months — until Nov. 30, the White House reported. The extension gives lawmakers a small window to craft a longer-term extension for the program, which is underfunded by about $20 billion.

 
Aug 08, 2018 12:30 PM

Fed Maintains Interest Rates Amid Strong Growth, Increased Spending

The Federal Reserve on Aug. 1 said that interest rates would remain unchanged due to strong growth — although a September hike is anticipated, Bloomberg reported. The Fed noted that unemployment is low, and household and business spending is on the rise.

 
Aug 08, 2018 12:30 PM

FHFA Extends Comment Period for Proposed GSE Capital Requirements Rule

The Federal Housing Finance Agency extended for an additional 60 days the public comment period for its proposed rule on capital requirements for the government-sponsored enterprises, MBA NewsLink reported Aug. 1. The FHFA cited numerous requests for more time from multiple stakeholders as reasons for the extension to Nov. 16.

 
Aug 03, 2018 09:22 AM

Rodman Schley Elected 2019 Appraisal Institute Vice President

Rodman Schley, MAI, SRA, of Denver, was elected 2019 vice president of the nation’s largest professional association of real estate appraisers Thursday by its Board of Directors in Nashville, Tennessee.

 
Aug 01, 2018 12:30 PM

Construction Costs, Zoning May Slow Office Sector: Cushman & Wakefield

The office sector could slow next year as construction costs and zoning issues increase and concerns grow over the end of the current real estate cycle, according to real estate services firm Cushman & Wakefield, National Real Estate Investor reported July 24.

 
Aug 01, 2018 12:30 PM

Fannie Mae Drops Form 1004MC, the GSE Reveals at AI Annual Conference

Fannie Mae is discontinuing the use of Form 1004MC (Market Conditions), the government-sponsored enterprise announced July 30 at the Appraisal Institute Annual Conference in Nashville, Tennessee. The GSE is expected to officially announce the change when it releases its updated Selling Guide in the coming weeks.

 
Aug 01, 2018 12:30 PM

IRS Final Rules Define Qualified Appraisers, Standards Flexibility

The IRS on July 30 finalized rules for substantiating and reporting cash and noncash charitable deductions, stating that any tax deduction of more than $500,000 requires a qualified appraisal conducted in accordance with generally accepted appraisal standards. The rules take immediate effect.

 
Aug 01, 2018 08:00 AM

Appraisal Institute Honors 13 National Award Winners

Craig M. Harrington, SRA, AI-RRS, of Prior Lake, Minnesota; and Leslie P. Sellers, MAI, SRA, AI-GRS, of Clinton, Tennessee, were honored Tuesday with the Appraisal Institute’s Lifetime Achievement Award and Timothy P. Runde, MAI, of San Francisco, was named the recipient of the Outstanding Service Award during the Appraisal Institute Annual Conference in Nashville, Tennessee.

 
Jul 30, 2018 11:16 AM

Appraisal Institute Opens Valuation Profession’s Premier Event

More than 550 real estate professionals from around the world today attended the opening session of the valuation profession’s most important annual event, hosted by the Appraisal Institute, the nation’s largest professional association of real estate appraisers.

 
Jul 25, 2018 12:30 PM

Appraisal Institute Opposes Risk Management Reductions for SBA Loans

The Appraisal Institute on July 20 announced its opposition to proposed federal legislation that would reduce the requirements for appraisals in major Small Business Administration loan programs. AI told Congress that it specifically objects to provisions that would increase the real estate appraisal thresholds for SBA loan programs.

 
Jul 25, 2018 12:30 PM

Housing Industry Loses Status as Economic Driver, Fed Chair Testifies

The housing industry isn’t the economic driver it once was and doesn’t have much pull in monetary policy decision making, Federal Reserve Chair Jerome Powell told the House Financial Service Committee July 17 as he delivered the semi-annual monetary policy report, HousingWire reported.

 
Jul 25, 2018 12:30 PM

Fed Beige Book Reveals Mixed Results in Residential, Commercial Sectors

Some Fed districts reported moderate improvements in the residential real estate sector, but their reports on commercial activity revealed largely stagnant conditions, the Federal Reserve reported July 18 in its newest Beige Book.

 
Jul 20, 2018 10:44 AM

Appraisal Institute Opposes Effort to Reduce Risk Management for SBA Loans

The nation’s largest professional association of real estate appraisers today announced its opposition to proposed federal legislation that would reduce the requirements for appraisals in major Small Business Administration loan programs.

 
Jul 13, 2018 08:00 AM

Appraisal Institute Joins 29 Groups to Promote Real Estate Careers

The Appraisal Institute joined 29 real estate industry organizations, representing more than 10 million jobs, today in announcing a ground-breaking collaboration to highlight the diverse career paths within the real estate sector.

 
Jul 12, 2018 08:00 AM

Appraisers Play Distinct Roles in Arbitration: The Appraisal Journal

Alternative dispute resolution – including negotiation, mediation and arbitration – is a growing area in need of skilled real estate valuation professionals, according to a study published this week in The Appraisal Journal.

 
Jul 05, 2018 08:00 AM

Appraisers Face Unique Challenges in Hawaii: Valuation Magazine

Hawaii’s climate and landscape are keeping the state’s property values high and are contributing to its developmental and economic growth, according to an article in Valuation magazine’s second quarter 2018 issue.

 
Jun 19, 2018 08:00 AM

Appraisal Institute Releases Guide to Residential Green Addendum

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today released a guide to complete and use the organization’s “Residential Green and Energy Efficient Addendum.”​

 
Jun 11, 2018 12:00 PM

New Appraisal Institute Book Examines Changes in Real Estate Market

When market volatility creates problems, real estate appraisers must develop a deeper understanding of the valuation process and a greater ability to handle a wide variety of assignments, according to a new book published by the Appraisal Institute.

 
May 15, 2018 08:00 AM

Landscaping Can Significantly Impact Home Values, Appraisal Institute Says

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged homeowners to pay close attention to their property’s landscaping as it could have a major impact on value.

 
Apr 26, 2018 08:00 AM

Co-working Spaces Changing Office Real Estate: Valuation Magazine

Co-working spaces are significantly impacting the U.S. office real estate market, but it’s unclear if the explosive growth they’ve experienced since the Great Recession signals a market disruption or a passing trend, according to an article in Valuation magazine’s first quarter 2018 issue.

 
Apr 13, 2018 08:00 AM

Home Values Rebound from Oil Spills: The Appraisal Journal

Home values in Golden Beach, Maryland, near an April 2000 oil spill dropped in the short term, but rebounded after two years, according to a study published this week in The Appraisal Journal.

 
Apr 03, 2018 10:55 AM

New Appraisal Institute Book Examines Appraisers’ Role in Arbitration

Valuation professionals can serve as arbitrators, expert witnesses or consultants during the arbitration process and can provide valuable input from the preliminary hearing to final award, according to a new book published by the Appraisal Institute.

 
Mar 26, 2018 08:00 AM

Appraisal Institute Opens Registration for 2018 Annual Conference

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced that registration is open for its 2018 Annual Conference, July 30-Aug. 1, in Nashville, Tennessee.

 
Mar 23, 2018 11:16 AM

North Carolina Supreme Court Allows Brokers’ Fair Market Value Testimony

The North Carolina Supreme Court in an opinion filed March 2 held that real estate brokers may legally testify regarding the fair market value of real property in condemnation cases. The case involved the state's condemnation of approximately two acres of commercial property for a highway construction project.

 
Mar 23, 2018 11:14 AM

AI Backs Revisions as Senate OKs Banking Reform Bill

The Appraisal Institute led nearly three dozen valuation organizations in supporting revisions to a bipartisan Senate bill that passed March 14. The measure, which now goes to the House, rolled back many post-financial-crisis banking rules found in the Dodd-Frank Act.

 
Mar 23, 2018 11:12 AM

Appraisal Institute Partners with RESNET to Create Appraisal Portal

The Appraisal Institute on March 13 announced its partnership with the Residential Energy Services Network to launch an appraiser portal that allows AI professionals to access data for properties with Home Energy Rating System Index scores.

 
Mar 20, 2018 08:00 AM

Outdoor Home Improvements Provide Greatest Value: Appraisal Institute

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged homeowners to prioritize outdoor renovation projects when seeking to increase their potential return on investment.

 
Mar 13, 2018 11:46 AM

Appraisal Institute Leads 34 Groups in Advancing Changes to Bank Regulation Bill

The nation’s largest professional association of real estate appraisers today led nearly three dozen valuation organizations in applauding revisions to a bipartisan Senate bill that would roll back many post-financial-crisis banking rules found in the Dodd-Frank Act.

 
Feb 28, 2018 08:00 AM

Appraisers Key to Property Tax Appeals, Appraisal Institute Says

Highly qualified appraisers are able to assist homeowners with appeals of property taxes, which can be a homeowner’s largest annual expense, the nation’s largest professional association of real estate appraisers said today.

 
Jan 04, 2018 08:00 AM

Appraisal Institute Officers Outline 2018 Plans: Valuation Magazine

The Appraisal Institute's 2018 elected officers discuss the opportunities and challenges facing the real estate valuation profession – and their plans to address these issues – in a wide-ranging article published in Valuation magazine’s fourth quarter 2017 issue.

 

FHFA to Increase Conforming Loan Limits for 2018

The Federal Housing Finance Agency announced Nov. 28 that the maximum conforming loans limits for mortgages purchased by Fannie Mae and Freddie Mac next year will be $453,100 for most single-unit properties, up from $424,100 this year. The limit is based on the average U.S. home price.

 
Aug 10, 2016 12:30 PM

CFPB Publishes 900-page Mortgage Lending Final Rule

The Consumer Financial Protection Bureau on Aug. 4 finalized mortgage servicing regulations to ensure borrowers are treated fairly, HousingWire reported. Included in the 900-page final rule are mandates that certain borrowers receive foreclosure protections more than once during the life of the loan and that foreclosure protections cover those inheriting property.

 
Jul 27, 2016 02:42 PM

Court Revives Freddie Mac Subprime Suit

A federal appeals court on July 20 revived a lawsuit filed by the Ohio attorney general that accuses Freddie Mac of defrauding the state’s $87.3 billion pension fund by failing to disclose risk to subprime mortgages, Reuters reported. A lower court had ruled that disclosure shortfalls didn’t prove monetary loss.

 
Jul 27, 2016 02:39 PM

‘Down-and-Out’ Neighborhoods Make a Rebound

Many so called “rough-and-tumble” neighborhoods have bounced back in recent years, as tight inventory and new construction has helped convince homebuyers to consider such neighborhoods, analytics firm RealtyTrac reported July 20 in its best of the “bad” neighborhoods report.

 
Jul 27, 2016 02:32 PM

White House Unveils Clean Energy Initiative

The White House on July 19 announced the Clean Energy Savings for All Initiative, a joint effort from the Environmental Protection Agency and the departments of Energy, Agriculture, Veteran’s Affairs, Housing and Urban Development and Health and Human Services to increase access to solar energy, promote energy efficiency and ensure homeowner access to solar options.

 
 
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