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Feb 04, 2015 12:30 PM

Court Rules Fannie, Freddie Lawsuits Can Proceed

The U.S. Court of Federal Claims on Jan. 28 rejected a bid by the federal government to delay a series of lawsuits filed by investors challenging the U.S. Department of the Treasury’s decision to take profits from now-profitable Fannie Mae and Freddie Mac, Bloomberg reported.

 
Feb 04, 2015 12:30 PM

CFPB Proposes Expanded Rural Financing

The Consumer Financial Protection Bureau on Jan. 29 proposed several changes to its mortgage rules to expand lending in rural and other underserved areas. If finalized, the proposal would increase the number of financial institutions allowed to offer loans in those areas.

 
Feb 04, 2015 12:30 PM

Appraisals Blamed for Slow Closings on Auctioned Homes

A home auction program launched last May in Detroit met its goal of auctioning nearly 400 abandoned homes, but only one-third of the sales actually closed — a snag that’s being partly blamed on appraisals and the comparisons being used, The Detroit News reported Jan. 23.

 
Jan 28, 2015 12:30 PM

Fannie Mae Program Addresses Hiring of Qualified Appraisers

Fannie Mae’s Collateral Underwriter, an automated quality assurance program that checks for aberrations in appraisal report data and analysis, was made available to mortgage lenders Jan. 26, underscoring the importance of hiring qualified appraisal review staff who can navigate CU messages, alerts and other issues, the Appraisal Institute reported.

 
Jan 14, 2015 12:30 PM

Barney Frank Worried GOP Will Gut Dodd-Frank Act

Former U.S. Rep. Barney Frank said he is concerned the new Republican Congress will water down key elements of the financial reform legislation he helped write, MarketWatch reported Jan. 6. Incoming Majority Leader Mitch McConnell, R-Ky., has said he wants to review Dodd-Frank with an eye toward amending some components.

 
Dec 30, 2014 08:00 AM

Lance Coyle to Become President of Appraisal Institute on Jan. 1

M. Lance Coyle, MAI, SRA, of Dallas will begin his one-year term as president of the Appraisal Institute on Jan. 1. The Appraisal Institute is the nation’s largest professional association of real estate appraisers with nearly 22,000 professionals in almost 60 countries.

 
Dec 03, 2014 12:30 PM

Freddie Mac Increases Access to Credit Risk Data

Freddie Mac is giving investors greater access to credit risk details by opening up loan-level actual loss data in an effort to improve transparency and increase confidence in its credit risk-sharing offerings, HousingWire reported Nov. 24.

 
Dec 03, 2014 12:30 PM

GSEs Will Let Foreclosed Borrowers Buy Back Homes

Government-sponsored enterprises Fannie Mae and Freddie Mac instituted a policy change that will allow borrowers who have gone through foreclosure to buy back their homes at market price, Bloomberg reported Nov. 25.

 
Dec 03, 2014 12:30 PM

BofA’s $16.65B Toxic Mortgage Settlement Approved

A record-setting settlement between Bank of America, the U.S. Department of Justice, other federal agencies and six states to resolve claims over allegedly toxic residential mortgage-backed securities was finalized, HousingWire reported Nov. 26.

 
Nov 26, 2014 12:30 PM

Fannie Mae Changes UCDP Proprietary Appraisal Messages

Fannie Mae announced on Nov. 18 changes to proprietary appraisal messages in the Uniform Collateral Data Portal that are designed to provide more information to lenders and help them identify potential defects during the appraisal review process.

 
Nov 26, 2014 12:30 PM

Watt Updates Congress, Challenged on Lack of Progress

In his first appearance before Congress as director of the Federal Housing Finance Agency on Nov. 19, Mel Watt gave the Banking, Housing and Urban Affairs Committee updates on Fannie Mae, Freddie Mac and the Federal Home Loan Banks, but he came under fire for not doing enough to help underwater homeowners, HousingWire reported.

 
Nov 26, 2014 12:30 PM

Fannie, Freddie Clarify Buyback Rules

In an effort to encourage banks to loosen lending standards, both Fannie Mae and Freddie Mac released rules Nov. 20 that clarify exactly when banks would be required to repurchase bad loans. Banks have been reluctant to ease lending standards after suffering billions of dollars in penalties for having issued poorly documented loans in the wake of the financial crisis.

 
Nov 12, 2014 12:30 PM

Basel III Accords Scrutinize ‘As Completed’ Appraisal Values

New loan risk weight requirements that impact commercial real estate are putting greater emphasis on the “as completed” value within appraisal reports prepared for acquisition, development and construction loans, known as ADC loans, the Appraisal Institute reported Nov. 12.

 
Nov 12, 2014 12:30 PM

Court Vacates HUD’s Disparate Impact Rule

The U.S. District Court for the District of Columbia vacated the U.S. Department of Housing and Urban Development’s disparate impact rule under the Fair Housing Act after it determined the rule made lenders unfairly vulnerable to discrimination claims even when they took steps to prevent discrimination or when intentional discrimination was absent, MBA NewsLink reported Nov. 5.

 
Nov 12, 2014 12:30 PM

Dodd-Frank, Bank Regulation Uncertain with New Senate

With Republicans about to take control of the Senate, the future of the Dodd-Frank Act remains uncertain, as new conservative lawmakers are expected to target the 2010 law that introduced financial regulatory reform, MarketWatch reported Nov. 5.

 

Report: Mortgage and Valuation Fraud Increase

Instances of mortgage and appraisal fraud are on the rise, CoreLogic reported Oct. 28 in its 2014 Mortgage Fraud Report. During the second quarter, an estimated 11,100 mortgage applications, or 0.69 percent of all mortgage applications, contained fraud, as compared with 19,700 or 0.67 percent in the second quarter of 2013, when the total application volume was substantially higher.

 

Fed Officially Ends Bond Buying Program

The Federal Reserve announced Oct. 29 that it ended its quantitative easing bond-buying program, The Wall Street Journal reported. The announcement was followed by an assurance that short-term interest rates would remain low. Ending the program reflects the Fed’s confidence in the nation’s economy, which grew almost 3 percent in the third quarter, significantly better than the economies in Japan and Europe.

 

Appraisers Able to Access RESNET Home Energy Ratings Database

The Residential Energy Services Network announced Oct. 28 that its National Registry is open to the public, which gives appraisers performing “green” property valuations access to valuable home energy ratings data. RESNET is the recognized national standards-making body for building energy-efficiency rating and certification systems in the U.S.

 
Oct 22, 2014 12:30 PM

FHA Insurance Fund Close to Achieving Required Minimums

After taking $1.7 billion in taxpayer funds last year to balance its books, the Federal Housing Administration is close to replenishing its troubled insurance fund to minimum required levels, according to a report by ratings firm Moody’s Analytics, Bloomberg reported Oct. 16.

 
Oct 22, 2014 12:30 PM

Valuations Part of New Rules for Nontraded REITs

The U.S. Securities and Exchange Commission approved a rule change that provides investors with greater insight into the costs of unlisted real estate investment trusts, Investment News reported Oct. 14. The change allows the use of two methodologies, including appraised value.

 
Oct 22, 2014 12:30 PM

FHFA Announces Plans to Reduce Lender Liability

A plan announced by the Federal Housing Finance Agency Oct. 20 would clarify the representation and warranty framework for Fannie Mae and Freddie Mac so as to limit lender confusion and liability on loan buybacks, HousingWire reported.

 
Oct 08, 2014 12:30 PM

Fed Faulted for Badly Executing Foreclosure Settlements

The Federal Reserve's Office of the Inspector General faulted the regulatory agency for poorly preparing, managing and executing settlements in 2013 with 13 financial firms over foreclosure errors, Bloomberg reported Oct. 2.

 
Oct 08, 2014 12:30 PM

Report: Home Prices Undervalued by 3 Percent

Home prices nationwide are undervalued by an average 3 percent, the real estate site Trulia reported Oct. 1. Conversely, the report noted that around 7 percent of the nation's 100 largest metro areas have homes that are more than 10 percent overvalued.

 
Oct 08, 2014 12:30 PM

Lawsuit Challenging Fannie, Freddie Profits Dismissed

A judge dismissed a lawsuit Sept. 30 that challenged the way profits from Fannie Mae and Freddie Mac were funneled to the U.S. Department of the Treasury, Mortgage News Daily reported. The lawsuit was filed by investors who claimed the profit-funneling violated terms of the 2008 conservatorship agreement for the government-sponsored enterprises.

 

VA Announces New Fannie Mae Appraisal Report Requirements

The U.S. Department of Veterans Affairs announced Sept. 2 that it now requires appraisers to include Fannie Mae Form 1004MC, Market Conditions Addendum, in all VA appraisal reports.

 
Sep 10, 2014 12:30 PM

Comments Requested for Additional USPAP Changes

The Appraisal Foundation’s Appraisal Standards Board has issued a third exposure draft of proposed changes to its 2016-17 edition of the Uniform Standards of Professional Appraisal Practice, and is seeking feedback on the proposed changes by Oct. 10.

 

Beige Book: Real Estate Activity Shows Modest Growth

The Federal Reserve Beige Book released Sept. 3 showed that markets improved modestly from June through late August, as slightly more than half of the 12 districts reported some growth in nonresidential real estate activity, with increased construction or leasing (or both) tied to steady or falling vacancy rates and rent increases.

 
Sep 03, 2014 12:30 PM

Report: GSEs Still at Risk of Mortgage Scams

The Federal Housing Finance Agency’s Office of the Inspector General reported that Fannie Mae, Freddie Mac and Ginnie Mae remain vulnerable to scams, and that all three need to make significant improvements so as to avoid suffering multibillion dollar losses due to fraud, HousingWire reported Aug. 26.​

 

HUD Finalizes Changes on FHA-insured ARMs, Prepayments

The U.S. Department of Housing and Urban Development finalized on Aug. 26 two new rules for Federal Housing Administration-insured adjustable-rate mortgages, with one focused on how ARMs are adjusted and the other on post-payment interest charges on single-family FHA mortgages.

 
Sep 03, 2014 12:30 PM

Obama Announces Partnership with Lenders to Help Military Homeowners

President Obama announced on Aug. 26 changes to the Servicemembers Civil Relief Act of 2003 that will make it easier for military families to lower their monthly mortgage payments, National Mortgage News reported.

 
Aug 27, 2014 12:30 PM

Study: Utah Lenders Pay Higher Fees for Complex Appraisals

Mortgage lenders are willing to pay higher fees based on complexity of an appraisal assignment, not on the appraiser’s experience and education; however, appraisers who have a professional designation are more likely to be hired, according to a study conducted by the Utah Association of Appraisers on customary and reasonable fees and released on Aug. 13.

 
Aug 27, 2014 12:30 PM

Bank of America Pays Record Fine for Faulty RMBS

Bank of America will pay a record $16.65 billion penalty in the largest civil settlement ever between a single entity and the federal government, USA Today reported Aug. 21.

 
Aug 27, 2014 12:30 PM

Congress Challenges Fed Bailout Procedures

Lawmakers sent a letter to Federal Reserve Chair Janet Yellen in which they requested she rewrite the Fed’s proposed rule on bailing out banks considered “too big to fail,” HousingWire reported Aug. 18.​

 
Aug 20, 2014 12:30 PM

CFPB Fines Lender, AMC for Inflated Appraisal Fees

The Consumer Financial Protection Bureau announced Aug. 12 that it fined mortgage lender Amerisave Mortgage Corp., its affiliate, Novo Appraisal Management Company, and the organizations’ collective owner, Patrick Markert, $19.3 million for allegedly luring prospective borrowers with misleading interest rates and trapping them with inflated appraisal fees.

 
Aug 20, 2014 12:30 PM

Fannie Mae: 80 Percent of Lenders Avoid Non-QM Loans

The Consumer Financial Protection Bureau’s Qualified Mortgage and Ability-to-Repay mortgage regulations that took effect in January have had little impact on lenders’ strategies so far, but most anticipate a tough environment going forward, according to an Aug.14 Fannie Mae survey of 2,000 senior executives from its list of approved lenders.

 
Aug 20, 2014 12:30 PM

Freddie Mac: Housing Market on Path to Normal

The nation’s economy is stabilizing and the housing market is expected to return to a more normal state driven by fundamentals such as labor market gains and unemployment rates, Freddie Mac reported Aug. 13 in its U.S. Economic and Housing Market Outlook for August.

 

FHA Commissioner Galante Stepping Down/ galante

Federal Housing Administration Commissioner Carol Galante announced Aug. 11 that she will be leaving the U.S. Department of Housing and Urban Development and stepping down from her role as assistant secretary for housing at the end of this year, HousingWire reported.

 

Federal Regulators Critical of Bank Living Wills

The Federal Reserve and Federal Deposit Insurance Corporation criticized 11 of the nation’s biggest banks Aug. 5 for their failure to create adequate plans for dismantling themselves in the event of a financial crisis in a way that would not be harmful to the overall financial system, USA Today reported.​

 
Aug 13, 2014 12:30 PM

Report: Banks Making Fewer Loans Due to New Mortgage Rules/ mortgage scrutiny

The Federal Reserve Board released a survey Aug. 4 in which it reported that some banks are making fewer loans because of new qualified mortgage rules enacted by the Consumer Financial Protection Bureau in January, National Mortgage News reported.

 
Aug 06, 2014 01:00 PM

FHA Issues Draft of New Appraisal Requirements

The Federal Housing Administration on July 31 issued drafts of four new appraiser policy documents that it plans to add to its Single-Family Housing Policy Handbook. The FHA is seeking feedback before the documents are finalized.

 

House Committee Passes USPAP Exemption Bill

The House Financial Services Committee on July 29 approved H.R. 5148, the Access to Affordable Mortgages Act, which would grant certain “high-risk” mortgages an exemption from having an appraisal performed in accordance with the Uniform Standards of Professional Appraisal Practice, the Appraisal Institute reported.

 
Aug 06, 2014 01:00 PM

CFPB Wants More Lender Disclosures

The Consumer Financial Protection Bureau issued a proposal July 24 that would require lenders to disclose more information on mortgages, including homebuyer age and credit score and details about property value and interest rates.

 

Four Years of Dodd-Frank have Changed Wall Street

With implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act four years ago, the federal regulatory climate has changed Wall Street, leading banks to sell off once profitable business lines, cut back short-term funding markets and break ties with entities that fall under extra regulatory scrutiny, The Wall Street Journal reported July 21.

 

Nonbank Mortgage Lenders Fight FHFA Watchdog Report

Nonbank mortgage lenders are furious about a report from the Federal Housing Finance Agency’s Office of Inspector General that claimed they are less regulated than large banks and pose increased risks to Fannie Mae and Freddie Mac, National Mortgage News reported July 22.

 
Jul 30, 2014 12:30 PM

CFPB, FTC Launch Sweep against Foreclosure Relief Scams

The Consumer Financial Protection Bureau, the Federal Trade Commission and 15 states initiated a crackdown on foreclosure relief scams that allegedly used deceptive marketing tactics to rip off distressed homeowners, the CFPB announced July 23.

 
Jul 23, 2014 05:00 PM

Illinois Considers Bill to Clarify BPOs, CMAs

Legislation that would clarify several aspects of an Illinois law governing broker price opinions and comparative market analyses has passed the state legislature and currently is under consideration by Gov. Pat Quinn, the Appraisal Institute reported July 21.

 
Jul 23, 2014 05:00 PM

CFPB Wants to Publicize Consumer Complaints

The Consumer Financial Protection Bureau has proposed a policy that would allow consumers to publicize their complaints about financial products and services — including mortgages, HousingWire reported July 16.

 
Jul 23, 2014 05:00 PM

Beige Book: Real Estate Activity Mixed Across Districts

The Federal Reserve’s Beige Book released July 16 showed that real estate activity varied across the districts, with many reporting low inventories and increasing home prices but mixed consumer demand.

 
Jul 16, 2014 12:30 PM

Citigroup Settles Mortgage Probe, Pays Record Penalty

Citigroup will pay $7 billion to resolve claims it misled investors who purchased shoddy mortgage-backed securities that helped lead to the financial crisis six years ago, Reuters reported July 14. The deal includes the largest civil fraud penalty ever levied by the U.S. Department of Justice.

 

Fed Defends Settlement with Banks over Foreclosures

In a July 7 report, the Federal Reserve defended its decision to halt its review of banks’ foreclosure practices last year in favor of a general $9.3 billion settlement to reimburse borrowers who may have wrongly experienced foreclosure, The Wall Street Journal reported.

 
Jul 16, 2014 12:30 PM

Senate Confirms Julian Castro as HUD Secretary

The Senate on July 9 confirmed San Antonio Mayor Julian Castro as the new secretary of the U.S. Department of Housing and Urban Development by a 71-26 vote, HousingWire reported.

 
Jul 09, 2014 12:30 PM

Report: Property Valuation Fraud Risk Rises Nationwide

Property valuation fraud risk increased during the first quarter, and indicators suggest that the rise of properties being appraised well above traditional valuation thresholds in order to create “equity” is a contributing factor, analytics firm Interthinx reported July 2 in its 1Q 2014 Valuation Fraud Risk Index.

 
Jul 09, 2014 12:30 PM

Fed Chair Urges Stronger Regulation

Federal Reserve Chair Janet Yellen said in a July 2 speech to the International Monetary Fund in the District of Columbia that she thinks stronger regulation is necessary to preserve financial stability, and that raising interest rates would be a second line of defense and unnecessary at this time, The New York Times reported.

 
Jul 09, 2014 12:30 PM

FHFA: Nonbank Mortgage Servicers Lack Sufficient Funds, Pose Financial Risk

The Federal Housing Finance Agency said that nonbank mortgage servicers that process payments on delinquent loans may lack sufficient funding and could pose a financial risk for Fannie Mae and Freddie Mac, which guarantee the mortgages, The Wall Street Journal reported July 1.

 
Jul 02, 2014 02:42 PM

Hawaii Mandates Transparency for Appraisers Acting as Arbitrators

An alleged “lack of openness and transparency” in the oversight of appraisers who act as arbitrators led Hawaii lawmakers to enact legislation that took effect July 1 that requires arbitration awards, records of award and related supporting materials to be public records, Valuation Review reported.

 
Jul 02, 2014 02:39 PM

New Bill Changes Louisiana Appraisers Law, Board

Louisiana Gov. Bobby Jindal signed into law a new bill that takes effect Aug. 1 and makes multiple changes to the state’s Real Estate Appraisers Law, Valuation Review reported.

 
Jul 02, 2014 02:28 PM

Inspector General: FHFA Should Sue Over Forced-placed Insurance

The Federal Housing Finance Agency’s Inspector General said the agency should sue forced-placed insurance companies and large banks for inflating prices and causing losses for Fannie Mae and Freddie Mac, Mortgage Servicing News reported June 25.

 
Jul 02, 2014 12:30 PM

Inspector General: FHFA Should Sue Over Forced-placed Insurance

The Federal Housing Finance Agency’s Inspector General said the agency should sue forced-placed insurance companies and large banks for inflating prices and causing losses for Fannie Mae and Freddie Mac, Mortgage Servicing News reported June 25.

 
Jul 02, 2014 12:30 PM

Hawaii Mandates Transparency for Appraisers Acting as Arbitrators

An alleged "lack of openness and transparency" in the oversight of appraisers who act as arbitrators led Hawaii lawmakers to enact legislation that took effect July 1 that requires arbitration awards, records of award and related supporting materials to be public records, Valuation Review reported.

 
Jul 02, 2014 12:30 PM

New Bill Changes Louisiana Appraisers Law, Board

Louisiana Gov. Bobby Jindal signed into law a new bill that takes effect Aug. 1 and makes multiple changes to the state's Real Estate Appraisers Law, including provisions related to examination applications, experience review and license renewal and continuing education requirements, among others, Valuation Review reported.

 
Jun 18, 2014 12:30 PM

Bank of America, Justice Department Reach Impasse

Bank of America and the U.S. Department of Justice failed to reach an agreement on a multibillion-dollar settlement that would resolve state and federal investigations into the bank’s sale of failed mortgage-backed securities, The New York Times reported June 10. The case now heads to trial with the Justice Department seeking $17 billion.

 
Jun 18, 2014 12:30 PM

Freddie to Host Multifamily Appraisal Webinar

Freddie Mac will host a webinar June 26 that will highlight upcoming changes to its multifamily appraisal requirements. Freddie’s new requirements, which take effect July 1, will address tying together an appraiser’s multifamily data with their conclusions.

 
Jun 18, 2014 12:30 PM

Fight Brewing over Small Business Tax Write-offs

A $73.1 billion tax reduction bill passed by the U.S. House of Representatives June 12 would allow small businesses to write-off capital purchases more quickly, Bloomberg reported. The House voted to revive the provision that lapsed at the close of 2013; the White House, however, opposes the bill.

 
Jun 11, 2014 12:30 PM

Green Homes a Growth Sector in Housing Market

Green construction is a growth sector in the recovering housing market, McGraw Hill Construction reported June 5 when it released its report “Green Multifamily & Single Family Homes: Growth in a Recovering Market.”

 
Jun 11, 2014 12:30 PM

Beige Book: Real Estate Lending Activity Increases Nationwide

The Federal Reserve Beige Book released June 4 showed that real estate markets improved unevenly across the 12 districts from April through late-May, but overall lending activity increased nationwide, with roughly two-thirds of the districts reporting rising loan demand particularly in the New York and San Francisco districts.

 
Jun 04, 2014 12:30 PM

Investigators Probe Mortgage Fraud at Smaller Banks

After making billion-dollar settlements with the nation’s largest banks, federal investigators are now focusing their attention on smaller lenders, looking at the banks’ mortgage lending and loan servicing practices in the years leading up to the financial crisis, The Wall Street Journal reported May 28.

 
Jun 04, 2014 12:30 PM

Conservation Easement Credit Included in House Tax Plan

On May 29, the House Ways and Means Committee approved legislation that makes permanent the bonus depreciation of improvements for qualified properties; the legislation also made permanent a number of tax measures related to charitable giving.

 
Jun 04, 2014 12:30 PM

Fed has Little Control over Housing Recovery

Fed Chair Janet Yellen has expressed concern about a slowing housing recovery that could pose a risk to the overall economic outlook, but there is very little the regulator can do other than influence mortgage rates, Bloomberg reported May 28. Adjusting rates, however, has no impact on other factors contributing to a sluggish housing sector, including lagging household formation and cautious lenders and borrowers.

 
May 28, 2014 12:30 PM

Connecticut Law Could Shift Appraiser Requirements

Connecticut Gov. Dannel Malloy is expected to sign into a law a bill that will change the state’s real estate appraiser and appraisal management regulations to bring them into compliance with federal requirements, Valuation Review reported May 21. Senate Bill 205 was introduced Feb. 19 and sent to the governor May 14.

 
May 28, 2014 12:30 PM

Change Proposed for Conservation Value of Wildlife Habitats

In a move that would affect the valuation of wildlife habitats, the U.S. Fish and Wildlife Service and the National Marine Fisheries Service proposed to amend the definition of “destruction or adverse modification of critical habitat” under the Endangered Species Act of 1973, according to a U.S. Small Business Administration May 21 news release.

 
May 28, 2014 12:30 PM

Fannie: Housing Remains Economy’s Weakest Link

Fannie Mae economists said the U.S. economy is poised for growth despite having stalled during the first quarter, but they noted that housing remains the weakest link, Inman News reported May 21. Fannie Chief Economist Doug Duncan said that the growing financial and labor market should reflect a rebound when reports come out for April, May and June, and show that growth accelerated to an annual rate of 3 percent.

 
May 21, 2014 12:30 PM

Report: Big Banks Improve Loan Servicing

A court-appointed monitor overseeing the $25 billion settlement between the nation’s five largest banks, 49 states and the U.S. Department of Justice issued a compliance report May 14 that said the banks are improving treatment of troubled borrowers, Bloomberg reported.

 
May 21, 2014 12:30 PM

Senate Banking Committee Approves Fannie, Freddie Overhaul

The Senate Banking Committee approved a bipartisan bill to overhaul Fannie Mae and Freddie Mac, though it was a narrow and likely hollow victory, according to a May 15 article in The Wall Street Journal. Thirteen committee members, including seven Republicans and six Democrats, approved the bill on May 15, a narrow majority of the 22 lawmakers on the committee.

 
May 21, 2014 12:30 PM

NAR Considers Policy Change on Automated Valuations

The National Association of Realtors is reviewing a proposed policy amendment that would require multiple listing services to provide data feeds to brokers who want to use them to establish automated valuations of properties, Inman News reported May 14. If adopted, the policy would also not allow brokers to opt out of including their data in these feeds.

 
May 14, 2014 12:30 PM

Yellen: Housing Market Not Helping Economy

Federal Reserve Chair Janet Yellen told a joint congressional committee May 7 that the nation’s housing market has gone from boosting economic recovery to stalling it, HousingWire reported. Yellen said that the lack of growth in the first quarter was largely due to the housing market, which was impacted by bad weather.

 
May 14, 2014 12:30 PM

Key Democrats Reject Johnson-Crapo GSE Reform Bill

Four formerly undecided Senate Democrats announced that they would not support the Johnson-Crapo bill to reform the government-sponsored enterprises, Mortgage News Daily reported May 9. The bill’s co-author, Sen. Tim Johnson, D-S.D., had hoped to have 16 favorable votes in the Senate Finance Committee before bringing S 1217 before to the floor; the bill obtained only 12 “yes” votes on May 8 with six Republicans and six Democrats in favor of the legislation.

 
May 14, 2014 12:30 PM

Watt Unveils Major Shift in FHFA Housing Policies

In his first major policy statement, Federal Housing Finance Agency Director Mel Watt announced a shift in housing finance policies May 13 that signals a new strategic plan for Fannie Mae and Freddie Mac, CQ Roll Call reported.

 
May 07, 2014 12:30 PM

GAO: Lack of Foreclosure Reviews Led to $1.5 Billion Loss

If regulators had conducted a comprehensive review of bank foreclosure files, they could have netted an additional $1.5 billion in cash payments, the Government Accountability Office reported April 29, The Wall Street Journal reported.

 
May 07, 2014 12:30 PM

GSEs May Require another Bailout if Recession Returns

If the nation faced another major economic downturn, Fannie Mae and Freddie Mac could require an additional taxpayer bailout of around $190 billion, according to stress test results released April 29 by the Federal Housing Finance Agency, Bloomberg reported.

 
May 07, 2014 12:30 PM

Congress Asked to Reinstate Land Conservation Tax Breaks

Supporters of an “enhanced” but expired federal tax deduction for landowners who donate property for conservation or preservation want Congress to reinstate it and make it permanent, CQ Roll Call reported May 2.

 
Apr 30, 2014 12:30 PM

Report: Fracking Can Decrease Property Values by 15 Percent

In its "Oil and Gas Exploration for Mortgage Bankers" presentation, the law firm Ballard Spahr reported that fracking, which is the practice of accessing natural gas reserves from shale, can cause property values to decrease by as much as 15 percent, HousingWire reported April 22.

 
Apr 30, 2014 12:30 PM

CFPB Announces Mortgage Closing Pilot Program

Richard Cordray, director of the Consumer Financial Protection Bureau, told the Mortgage Closing Forum in Washington, D.C., April 23, that his agency will launch an eClosing pilot project later this year that's designed to improve the closing experience for homebuyers, Mortgage News Daily reported. ​

 
Apr 30, 2014 12:30 PM

Vote on GSE Reform Bill Postponed

On April 29, the Senate Banking, Housing and Urban Affairs Committee postponed a vote on legislation to wind down Fannie Mae and Freddie Mac, a move that may reflect the difficulty the committee has had rounding up enough support for a vote in the full Senate, Reuters reported

 
Apr 23, 2014 12:30 PM

Housing Industry Tires of Waiting on Direction from FHFA Chief

Lawmakers and those involved in the nation’s housing industry remain frustrated by a lack of communication and guidance from the office of Mel Watt, who took over as director of the Federal Housing Finance Agency in January, regarding his plans for Fannie Mae and Freddie Mac, Reuters reported April 14.​

 
Apr 23, 2014 12:30 PM

Senate May Delay Vote on GSE Reform

The Senate Banking Committee may delay a pending vote on reform of government-sponsored enterprises Fannie Mae and Freddie Mac as it looks to acquire further votes, National Mortgage News reported April 14.

 
Apr 23, 2014 12:30 PM

Fannie Mae Updates Appraisal Policies

On April 15, Fannie Mae announced updates to its Selling Guide that affect appraisal policies relating to appraisal updates, required photos and acceptable comparable properties. The changes, which are effective immediately, follow a comprehensive review of the Guide’s appraisal requirements chapters.​

 
Apr 16, 2014 12:30 PM

FHA Reconsidering Spot Loans for Condos

Condominium owners in buildings that are not approved for Federal Housing Administration lending may soon be able to obtain “spot loans,” which the agency banned nearly four years ago, Inman News reported April 8.

 
Apr 16, 2014 12:30 PM

FHFA, Chicago Settle Feud over Vacant Property

The Federal Housing Finance Agency and the city of Chicago settled their nearly three-year legal battle over Chicago’s vacant property ordinance that requires mortgagees to register, secure and maintain foreclosed properties, HousingWire reported April 8.

 
Apr 16, 2014 12:30 PM

Appraiser, Lender Feedback Sought for New FHA Handbook

On April 8, the U.S. Department of Housing and Urban Development asked appraisers, lenders and other stakeholders to provide feedback on its new Federal Housing Administration handbook, which will serve as a consolidated resource for the agency’s single-family housing policy. The comment period will last 30 days.

 
Apr 09, 2014 12:30 PM

Mortgage Complaints Skyrocket in 2013

The Consumer Financial Protection Bureau received 163,700 consumer complaints in 2013, almost double the amount it received in 2012, and mortgages were the most groused about item, accounting for 37 percent of all complaints, according to the 2013 Consumer Response Annual Report released March 31.

 
Apr 09, 2014 12:30 PM

Lawsuits Targeting Appraisal Reviews on the Rise

The frequency of negligence claims against appraisers for work performed at the height of the real estate bubble is winding down, but as this occurs, new areas of litigation are emerging and focusing on appraisal review, according to an article published in the First Quarter 2014 issue of Valuation magazine.​

 
Apr 09, 2014 12:30 PM

Report: CFPB Slow to Complete Bank Examinations

The Office of the Inspector General for the Federal Reserve reported that the Consumer Financial Protection Bureau took too long to complete bank and non-bank examination reports and failed to meet its own timeline when offering feedback to financial institutions on their compliance with the Dodd-Frank Act, Bloomberg reported April 1.

 
Apr 02, 2014 11:43 AM

Report: GSEs Conduct Faulty Pre-foreclosure Inspections

The Office of Inspector General for the Federal Housing Finance Agency released a report claiming that pre-foreclosure inspections for Fannie Mae and Freddie Mac showed major quality control issues, including potentially fraudulent or manipulated data, HousingWire reported March 25.

 
Apr 02, 2014 11:31 AM

Fannie Mae Releases New Guidelines for Rural Appraisals

Fannie Mae released new guidelines for appraising rural properties March 25, and at the same time clarified its policy on using appraisal management companies. In releasing the guidelines, Fannie noted that it recognizes how properties in low-population areas can present appraisers with special challenges.​

 
Mar 26, 2014 12:30 PM

IRS Bans Appraiser Group from Façade Easement Valuations

The Internal Revenue Service’s Office of Professional Responsibility announced March 19 that it reached a settlement with a group of appraisers from a firm accused of aiding in the understatement of federal tax liabilities by overvaluing façade easements for charitable donation purposes.

 
Mar 26, 2014 12:30 PM

FHA to Launch New Appraisal Portal

The Federal Housing Administration’s Office of Single-Family Housing will soon offer a web-based appraisal portal similar to the Uniform Collateral Data Portal already in use by Fannie Mae and Freddie Mac, HousingWire reported March 20.

 
Mar 26, 2014 12:30 PM

Regulators Propose Supervision Requirements for AMCs

Six federal agencies jointly issued a proposed rule March 24 that would implement minimum requirements for state registration and supervision of appraisal management companies.

 

Report: DOJ Failed to Adequately Prosecute Mortgage Fraud

The U.S. Department of Justice has repeatedly emphasized that prosecuting mortgage fraud is one of its top priorities, but the DOJ Inspector General released an audit showing that between 2009 and 2011, the agency had done little to fulfill its commitment, HousingWire reported March 13.

 
Mar 19, 2014 12:30 PM

White House, Senate Agree on Plan to Wind Down GSEs

The White House and Senate leaders have agreed on a proposal for winding down mortgage giants Fannie Mae and Freddie Mac almost six years after the federal government bailed out the two firms, The Wall Street Journal reported March 11.

 
Mar 12, 2014 12:30 PM

Risk of Mortgage Fraud Drops, Valuation Fraud Steady

Lenders faced a reduced risk of mortgage fraud during the fourth quarter of 2013, yet borrowers were three times as likely to lie about occupancy on multi-unit properties compared to single-unit properties, according to the National Mortgage Fraud Risk Report released Feb. 28 by analytics firm Interthinx.​

 
Mar 12, 2014 12:30 PM

AI Addresses ‘Green’ Issues at White House Appraisal Roundtable

On March 11, the Appraisal Institute participated in the U.S. Department of Housing and Urban Development’s Mortgage Appraisal Roundtable at the White House to help identify ways in which the mortgage appraisal process can be improved. 2014 President Ken P. Wilson, MAI, SRA, and Sandra Adomatis, SRA, attended.

 
Mar 12, 2014 12:30 PM

Congress Wants Answers from SBA on ‘Going Concern’ Appraisals

Responding to growing concern from the real estate industry over the U.S. Small Business Administration’s policy change on the appraisals of special purposes properties, 15 members of the House of Representatives sent a letter March 6 to the SBA’s acting administrator Marianne O’Brien Markowitz seeking clarification on the matter.

 
Mar 05, 2014 12:30 PM

Morgan Stanley Settles with SEC for $275 Million

Morgan Stanley has agreed to a $275 million deal with the U.S. Securities and Exchange Commission to settle allegations that it traded toxic subprime mortgage bonds, HousingWire reported Feb. 26. The trades date back to 2007.

 
Mar 05, 2014 12:30 PM

Bank of America Investigated for FHA Compliance

Bank of America is undergoing another federal probe, this time by the civil division of the U.S. Attorney’s Office of the Eastern District of New York over the bank’s alleged failure to comply with the Federal Housing Administration’s Direct Endorsement Program, Reuters reported Feb. 25.

 
Mar 05, 2014 12:30 PM

Yellen Says Fed May Slow Quantitative Easing

Federal Reserve Chairwoman Janet Yellen told the Senate Banking Committee Feb. 27 that the Central Bank may suspend further reductions in quantitative easing if economic growth continued to slow, although she conceded that some of the slowdown could be the result of severe winter weather, The Wall Street Journal reported.

 
Feb 26, 2014 12:30 PM

Federal Reserve: Economy Strong Enough for More Quantitative Easing

Officials from the Federal Reserve banks of Atlanta, San Francisco and St. Louis said they believe the U.S. economy is performing strongly enough that the central bank will be able to stick to its plan to wind down quantitative easing this year, Reuters reported Feb. 19.

 
Feb 26, 2014 12:30 PM

CFPB Targets Servicers Who Fail to Follow Reforms

The Consumer Financial Protection Bureau’s Deputy Director Steven Antonakes said that the agency will crack down on mortgage servicers that are in violation of new rules that went into effect Jan. 10, noting that they had a year to prepare for changes, National Mortgage News reported Feb. 19.

 
Feb 26, 2014 12:30 PM

SBA Nominee Queried on Going Concern Appraisals

Maria Contreras-Sweet, the nominee for administrator of the U.S. Small Business Administration, was questioned during a Senate confirmation hearing Feb. 12 on a policy change that prevents qualified real estate appraisers from performing going concern appraisals.

 
Feb 19, 2014 12:30 PM

HUD Seeks Court Guidance on Eminent Domain

U.S. Department of Housing and Urban Development Secretary Shaun Donovan told attendees at a Feb. 12 Politico event that the use of eminent domain to force the sale of private-label mortgages out of securitized trusts needs to be decided by the courts, National Mortgage News reported Feb. 13.

 
Feb 19, 2014 12:30 PM

Bipartisan GSE Reform Bill Nearing Completion

The Senate Banking Committee is near completion of a bipartisan bill that would reform Fannie Mae and Freddie Mac, National Mortgage News reported Feb. 12. U.S. Department of Housing and Urban Development Secretary Shaun Donovan said it is critical to move on reform now, given pending litigation.

 
Feb 19, 2014 12:30 PM

GSEs Updating Method for Processing Appraisal Reports

According to guidance released Feb. 11 by Fannie Mae, beginning July 13 both Fannie and Freddie Mac will only accept MISMO XML submissions in the Uniform Collateral Data Portal. The PDF extraction service in UCDP will be retired as of that date, and the GSEs will no longer accept appraisals submitted in other file formats.

 
Feb 12, 2014 12:30 PM

Judge Postpones $8.5B Bank of America Settlement

Bank of America’s proposed $8.5 billion settlement with investors who purchased allegedly faulty mortgage securities from the bank’s Countrywide unit during the financial crisis has been delayed, Reuters reported Feb. 5.

 
Feb 12, 2014 12:30 PM

Suit Alleges Banks Filed False Mortgage Claims with HUD

A whistleblower filed suit against 22 banks, mortgage companies, trustees and custodians Feb. 3, alleging that they submitted fraudulent mortgage claims to the U.S. Department of Housing and Urban Development, National Mortgage News reported. Damages are expected to amount to around $10 billion.

 
Feb 12, 2014 12:30 PM

FHFA: Fannie, Freddie Fail to Analyze Appraisal Data

Fannie Mae and Freddie Mac failed to fully analyze data from the Uniform Collateral Data Portal and continue to take unnecessary risks when purchasing and guaranteeing mortgages, according to a report from the Federal Housing Finance Agency’s Office of the Inspector General, Mortgage Daily reported Feb. 6.

 
Feb 05, 2014 12:30 PM

Fannie Mae Resolves $18.9 Billion Claim against Lehman Brothers

Fannie Mae reached a settlement with the remnants of Lehman Brothers Holdings that will resolve an $18.9 billion claim against the investment bank over mortgage loans and mortgage-backed securities it sold the government-sponsored enterprise before the financial crisis, The Wall Street Journal reported Jan. 24.

 
Feb 05, 2014 12:30 PM

Government Increases BofA Penalty by More Than $1 Billion

The federal government increased by more than $1 billion the penalty amount it’s seeking from Bank of America for selling defective mortgages through its Countrywide unit, Reuters reported Jan. 30.

 
Feb 05, 2014 12:30 PM

NJ Governor Vetoes BPO Legislation...Again

Legislation that would have significantly expanded the ability of New Jersey real estate brokers and salespersons to offer broker price opinion services did not become law because of a Jan. 21 “pocket veto” by Gov. Chris Christie. This is the second time Christie has vetoed BPO legislation.

 
Jan 29, 2014 12:30 PM

Fed to Cut Bond Buying Program Again

The Federal Reserve is ready to make a second cut to its bond-buying program, reducing its purchase of Treasurys and mortgage bonds from $75 billion per month to $65 billion per month, The Wall Street Journal reported Jan. 20.

 
Jan 29, 2014 12:30 PM

Super Bowl Real Estate Showdown: Denver vs. Seattle

More than 50 percent of the population in the cities of Denver and Seattle are homeowners, but Seattle homeowners pay a lot more for property than those in Denver for virtually the same square footage, according to data released Jan. 21 by real estate analytics firm Redfin.

 
Jan 29, 2014 12:30 PM

Treasury Supports Comprehensive Housing Finance Reform

Despite Fannie Mae’s and Freddie Mac’s recent and significant profits, the U.S. Department of the Treasury still is pushing for comprehensive housing finance industry reform, Mortgage News Daily reported Jan. 22.

 
Jan 22, 2014 12:30 PM

Report: Property Appreciation Approaching Peak Levels

Residential real estate values and appreciation grew during the fourth quarter of 2013, but at a slower rate than previous quarters, which may indicate that the market is topping out, analytics firm Veros Real Estate Solutions reported Jan. 16.

 
Jan 22, 2014 12:30 PM

Fed Settlements Could Cost Wall Street Firms $50 Billion

Wall Street banks looking to settle with federal authorities over their alleged roles in helping to set off the mortgage crisis could be on the hook for as much as $50 billion, The New York Times reported Jan. 9. Wall Street is using the Fed's $13 billion settlement with JPMorgan Chase as a guide for determining how much each bank might have to pay in order to settle with regulators.

 
Jan 15, 2014 12:30 PM

Feds Probe Alleged Intentional MBS Misrepresentations

Federal regulators have launched an investigation into whether or not numerous large Wall Street banks cheated customers in the aftermath of the financial crisis by deliberately mispricing mortgage bonds, The Wall Street Journal reported Jan. 7.

 
Jan 15, 2014 12:30 PM

Mortgage Firms Settle for $320M after Whistleblower Complaint

Home America Mortgage and Taylor Bean & Whitaker Mortgage will pay more than $320 million to settle allegations they falsified loan applications and documentation - including appraisals - in order to secure government backing for mortgages, National Mortgage News reported Jan. 7.

 
Jan 15, 2014 12:30 PM

Fannie Mae Launches Appraiser Quality Monitoring Website

Fannie Mae launched a website Jan. 6 focused on its new Appraiser Quality Monitoring process, which evaluates appraisals for data accuracy and consistency. The site gives lenders access to a list of appraisers whose reports will be subject to 100 percent review or no longer accepted by Fannie.

 
Dec 30, 2013 08:00 AM

Ken P. Wilson, MAI, SRA, to Become President of Appraisal Institute on Jan. 1

Ken P. Wilson, MAI, SRA, of Plano, Texas, will begin his one-year term as president of the Appraisal Institute on Jan. 1. The Appraisal Institute is the nation’s largest professional association of real estate appraisers with nearly 23,000 professionals in almost 60 countries.

 
Dec 18, 2013 08:00 AM

Appraisal Institute Seeks Comments on Proposed Standards of Valuation Practice

The nation’s largest professional association of real estate appraisers today unveiled proposed standards of valuation practice, one of the Appraisal Institute’s three previously announced major strategic initiatives that have the potential to fundamentally reshape the global valuation profession.

 
Nov 26, 2013 08:00 AM

Actual Cash Value Must Be Defined When Appraising Properties for Insurance Purposes: The Appraisal Journal

The relationship between actual cash value and fair market value needs to be clearly defined by real estate appraisers called upon to develop an opinion of value for insurance purposes, especially in legal situations between the insurer and insured, according to an article published last week in The Appraisal Journal.

 
Nov 19, 2013 08:00 AM

Appraisal Institute Launches First New Designations

The nation’s largest professional association of real estate appraisers today announced it will begin issuing two review designations in 2014. The AI-GRS, (Appraisal Institute – General Review Specialist) and AI-RRS (Appraisal Institute – Residential Review Specialist) designations will be the Appraisal Institute’s first new designations in more than 20 years.

 
Oct 31, 2013 08:00 AM

Solar Electric Systems Positively Impact Home Values: Appraisal Institute

The nation’s largest professional association of real estate appraisers today announced that solar photovoltaic systems typically increase market value and almost always decrease marketing time of single-family homes in the Denver metropolitan area.

 
Oct 22, 2013 08:00 AM

Appraisers Expect Continued Growth: Appraisal Institute Survey

Appraisers anticipate continued growth in mortgage lending appraisals and in specialized areas of consulting, according to a recent survey conducted by the Appraisal Institute, the nation’s largest professional association of real estate appraisers.

 
Oct 07, 2013 08:00 AM

Appraisal Institute Announces Major Strategic Initiatives for Valuation Profession

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced three major strategic initiatives that have the potential to fundamentally reshape the global valuation profession.

 
Sep 23, 2013 08:00 AM

Marketability Studies Can Reveal Demand for Apartments: The Appraisal Journal

Marketability studies by real estate appraisers can provide essential insight into demand trends and factors impacting the success or failure of future apartment developments, according to an article published last week in The Appraisal Journal.

 
Sep 16, 2013 08:00 AM

New Appraisal Institute Textbook Responds to Changing Role of Valuation Professionals

"The Appraisal of Real Estate, 14th Edition," published this week by the Appraisal Institute, reflects a new commitment to the essential principles of appraisal and the sound application of recognized valuation methods. The textbook long has been recognized as the valuation profession’s most comprehensive source of information for appraisers and other real estate professionals.

 
Aug 13, 2013 08:00 AM

Appraiser Trainee Hiring to Remain Weak: Appraisal Institute Survey

Hiring of appraiser trainees will remain weak for the next one to two years, according to a recent survey conducted by the Appraisal Institute, the nation’s largest professional association of real estate appraisers.

 
Aug 06, 2013 08:00 AM

Appraisal Institute's Sara Stephens Named to Global Property Standards Group

Appraisal Institute Immediate Past President Sara W. Stephens, MAI, was among 19 real estate experts selected today by the International Property Measurement Standards Coalition to create the first global standard for measuring property.

 
Jul 29, 2013 08:00 AM

Salisbury's Scott Robinson Elected Appraisal Institute Vice President

J. Scott Robinson, MAI, SRA, of Salisbury, N.C., was elected 2014 vice president of the nation’s largest professional association of real estate appraisers July 26 in Indianapolis. Robinson’s one-year term at the Appraisal Institute will begin Jan. 1, followed by one year each as president-elect, president and immediate past president.

 
Jul 28, 2013 08:00 AM

Appraisal Institute Honors 5 National Award Winners

Harry B. Holzhauer, MAI, SRA, SRPA, formerly of Lake Oswego, Ore., posthumously received the Lifetime Achievement Award, Robin C. Amorin, MAI, of Austin, Texas, received the Outstanding Service Award and three individuals received the President’s Award during the Appraisal Institute Annual Meeting Thursday in Indianapolis.

 
Jul 16, 2013 08:00 AM

Real Estate Appraisers Optimistic About Future: Appraisal Institute Survey

More than three-fourths of U.S. real estate appraisers are very or somewhat positive about the demand for their services over the next one to two years, according to an Appraisal Institute survey released today.

 
Jun 17, 2013 08:00 AM

Movie Theater Industry Faces Obsolescence, Falling Property Values: The Appraisal Journal

The movie theater business is in troubled times, facing competition from many viewing alternatives, decreasing attendance and falling values for some properties, according to an article published this week in The Appraisal Journal.

 
Jun 10, 2013 08:00 AM

Only Certain Home Improvements Pay Off, Appraisal Institute Says

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today advised homeowners to use discretion when deciding which home improvement projects to take on, saying that not all renovations positively impact property values.

 
Jun 06, 2013 08:00 AM

Appraisal Institute Calls on Congress to Pass Green Real Estate Bill

The nation’s largest professional association of real estate appraisers announced its support today for federal legislation that would improve the mortgage underwriting process by ensuring appraisers are provided relevant property information relating to green and energy-efficient features.

 
May 28, 2013 08:00 AM

Technological Integration Critical to Future of Real Estate Appraisal, Forum Participants Say

Technological development in the real estate valuation profession remains too focused on appraisal report forms and not attentive enough to market analysis, said appraisers, their residential clients, mortgage finance industry leaders, bank regulators and other participants May 24 at the Appraisal Institute Stakeholders Forum in Washington, D.C.

 
May 14, 2013 08:00 AM

Landscaping Can Impact Home Values, Appraisal Institute Says

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today advised homeowners to properly maintain their landscaping, which can significantly affect property values.

 
May 06, 2013 08:00 AM

Appraisal Institute Joins Global Property Standards Coalition

The Appraisal Institute joined some of the world’s leading professional organizations May 2 in forming the International Property Measurement Standards Coalition. The two-day meeting at the World Bank in Washington, D.C., focused on developing and embedding a single standard for the way property is measured worldwide.

 
Apr 08, 2013 08:00 AM

Certified Appraisers at All-time High, Opportunities Coming: Appraisal Institute

The percentage of appraisers with a state certification is at an all-time high, the nation’s largest professional association of real estate appraisers announced today. With more than half of U.S. appraisers aged 51 to 65, the Appraisal Institute anticipates opportunities for new appraisers.

 
Mar 20, 2013 08:00 AM

Appraisal Institute Provides Homeowners with Property Tax Appeal Tips

Homeowners who are considering property tax appeals should be prepared with all the necessary information, the nation’s largest professional association of real estate appraisers said today.

 
Mar 06, 2013 08:00 AM

Appraisal Institute Releases Enhanced Form to Help Real Estate Appraisers Analyze Green Features

The nation’s largest professional association of real estate appraisers today released an updated form intended to help analyze values of energy efficient home features. It remains the first of its kind intended for appraisers use.

 
Feb 27, 2013 08:00 AM

Relative Size of Homes May Affect Overall Property Values: The Appraisal Journal

The size of a property relative to the average sized property in its neighborhood may affect its sale price, according to an article published this week in The Appraisal Journal.

 
Feb 20, 2013 08:00 AM

Latest Green Course from Appraisal Institute Teaches How to Value Solar Features

The nation’s largest professional association of real estate appraisers premiered its “Residential and Commercial Valuation of Solar” course today in Albuquerque, N.M. The course is the latest offering in the Appraisal Institute’s Valuation of Sustainable Buildings Professional Development Program. ​

 
Feb 11, 2013 08:00 AM

Appraisal Institute’s New Guidance Helps Real Estate Appraisers Analyze Exposure Time

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, published guidance today to help appraisers understand exposure time and how to incorporate its analysis into an appraisal.

 
Jan 29, 2013 08:00 AM

Bad Neighbors Can Reduce Property Values, Appraisal Institute Warns

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today cautioned homeowners and potential homebuyers that bad neighbors can significantly reduce nearby property values.

 
Dec 25, 2012 08:00 AM

Richard L. Borges II, MAI, SRA, to Become President of Appraisal Institute on Jan. 1

Richard L. (Rick) Borges II, MAI, SRA, of Greenwood, Ind., will begin his one-year term as president of the Appraisal Institute on Jan. 1. The Appraisal Institute is the nation’s largest organization of real estate appraisers with nearly 23,000 members in nearly 60 countries.

 
Nov 19, 2012 08:00 AM

Accessory Dwelling Units May Have Higher Values when Using Income Approach: The Appraisal Journal

Residential properties with accessory dwelling units — such as in-law apartments or coach houses — may have higher value potential if the properties are valued for investment income using the income capitalization approach, according to an article published this week in The Appraisal Journal.

 
Nov 13, 2012 08:00 AM

Appraisal Institute Helps Appraisers Perform Evaluations for Lenders

The nation’s largest professional association of real estate appraisers published guidance today to help appraisers learn what evaluations are, when they are used and who can prepare them.

 
Oct 28, 2012 08:00 AM

Self Storage Resists Recession: Appraisal Institute Book

Self storage has proven to be resistant to recession due to its lower declines and default ratios as compared to other types of real estate, according to a new book by the nation’s largest professional association of real estate appraisers.

 
Oct 23, 2012 08:00 AM

Plan Now for Home Winterization, Appraisal Institute Urges Consumers

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today urged homeowners to consider winterizing their properties to potentially lower energy costs, increase comfort in cold months and possibly improve resale value.

 
Oct 08, 2012 08:00 AM

Appraisal Institute Agrees to Work with State of Colorado on Valuing Green Homes

The nation’s largest professional association of real estate appraisers today announced it has signed a memorandum of understanding with the state of Colorado to promote a wide use of tools to document home energy features. The groups also will jointly develop valuation studies.

 
Aug 27, 2012 08:00 AM

Preparation is Key to Real Estate Valuation Testimony: The Appraisal Journal

Preparation is key to successfully providing real estate valuation testimony in a courtroom, according to an article published this week in The Appraisal Journal.

 
Aug 06, 2012 08:00 AM

Dallas' Lance Coyle Elected 2013 Vice President of Appraisal Institute

M. Lance Coyle, MAI, SRA, of Dallas was elected 2013 vice president of the nation’s largest professional association of real estate appraisers on Aug. 4 in Coronado, Calif. Coyle’s one-year term at the Appraisal Institute will begin Jan. 1, followed by one year each as president-elect, president and immediate past president.

 
Aug 05, 2012 08:00 AM

Appraisal Institute Presents Six National Awards

Two members received the Lifetime Achievement Award and four others received the President’s Award during the Appraisal Institute Annual Meeting Friday in Coronado, Calif.

 
Jul 30, 2012 08:00 AM

Water Rights Can Have Major Impact on Property Values: Appraisal Institute Book

With the world population estimated to have recently passed 7 billion, the global freshwater market will be a “seller’s market” for the foreseeable future, according to a new book by the nation’s largest professional association of real estate appraisers.

 
Jul 09, 2012 08:00 AM

Global Perspective Key to Valuing Hotel: Appraisal Institute Book

A global perspective is critical when valuing hotels in the five major regions of the world, according to a new book by the nation’s largest professional association of real estate appraisers.

 
Jun 27, 2012 08:00 AM

New Form of Regulation is Dangerous, Appraisal Institute Warns Congress

Warning that a “new and excessive” form of regulation is about to be enacted without Congressional authorization, the nation’s largest professional association of real estate appraisers told lawmakers today that such a scheme could damage the valuation profession.

 
Jun 13, 2012 08:00 AM

Appraisal Institute Helps Appraisers Analyze Real Estate Market Trends

The nation’s largest professional association of real estate appraisers published guidance June 4 to help appraisers analyze market trends. The Appraisal Institute’s “Guide Note 12: Analyzing Market Trends” addresses to what extent appraisers are responsible for recognizing changes in market conditions, and what steps appraisers must take to ensure due diligence is done regarding the analysis of market trends.

 
Jun 06, 2012 08:00 AM

Article: Buyers Key to Choosing Comparable Sales

Characteristics of purchasers, not location, are most important in selecting comparable sales, according to an article published this week in The Appraisal Journal. The Appraisal Journal is the quarterly technical and academic publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers. The materials presented in the publication represent the opinions and views of the authors and not necessarily those of the Appraisal Institute.

 
May 16, 2012 08:00 AM

Book Provides Insight into Litigation Valuation

Litigation valuation is a fascinating discipline that offers qualified real estate appraisers a wide range of opportunities, according to a new book by the nation’s largest professional association of real estate appraisers.

 
May 07, 2012 08:00 AM

AI Issues Green Real Estate Valuation Guidance

Billing analysis, identification of equipment and components, and examination of results from engineering simulations are among the methods appraisers should use to assess energy cost and energy performance in buildings, according to a guide issued today by the Appraisal Institute and the Institute for Market Transformation.

 
Apr 23, 2012 08:00 AM

Mortgage Fraud Increase Shows Importance of Valuation Professionals: Appraisal Institute

Responding to a new study indicating that mortgage fraud in the United States increased 20 percent from the third quarter of 2010 to the third quarter of 2011, the nation’s largest professional association of real estate appraisers today encouraged lenders and consumers to work with valuation professionals who hold competence and ethics in the highest regard.

 
Mar 19, 2012 08:00 AM

Power Lines Impact on Sales Depends on Property

Transmission lines are more likely to have a negative impact on sales when a property has a residential use or small lot size, or when similar properties without transmission lines are available in the market, according to an article published this week in The Appraisal Journal.

 
Mar 13, 2012 08:00 AM

Appraisal Institute Advises U.S. Sentencing Commission to Require Appraisals

Speaking at a hearing in Washington, D.C., the Appraisal Institute today urged a federal judicial agency to require the use of real estate appraisals when calculating loss in mortgage fraud cases. The Appraisal Institute is the nation’s largest professional association of real estate appraisers.

 
Jan 30, 2012 08:00 AM

Appraisal Institute Announces Support for New Solar Valuation Form

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced its support for a new tool that will assist appraisers and others seeking to establish the value of a property’s solar-powered features. The spreadsheet was developed by Solar Power Electric and Sandia National Laboratories.

 
Jan 23, 2012 08:00 AM

New Appraisal Institute Book Helps Determine Value of Convenience Stores

Convenience stores represent a complex and fascinating retail channel that has responded to the economic challenges of the last decade by embracing new ideas, according to a new book by the nation’s largest professional association of real estate appraisers.

 
Jan 18, 2012 08:00 AM

AI Helps Appraisers Choose Comparable Sales in Declining Markets

The nation’s largest professional association of real estate appraisers published guidance today to help appraisers know when and how to use distressed sales, such as foreclosures, as comparable sales. Such knowledge is particularly crucial in the current market where distressed sales are common, creating complex valuation challenges.

 
Jan 16, 2012 08:00 AM

Don't Shoot the Messenger: Appraisers Not at Fault for Low Home Values

Don’t blame the real estate appraiser if it turns out that house you’re trying to sell or buy isn’t worth what you thought it was. That was the message today from the Appraisal Institute, the nation’s largest professional association of real estate appraisers.

 
Dec 26, 2011 08:00 AM

Sara W. Stephens, MAI, to Become President of Appraisal Institute on Jan. 1

Sara W. Stephens, MAI, of Little Rock, Ark., will begin her one-year term as president of the Appraisal Institute on Jan. 1. The Appraisal Institute is the nation’s largest organization of real estate appraisers with more than 24,000 members in nearly 60 countries.

 
Dec 13, 2011 08:00 AM

The Appraisal Journal: Knowledge of Market Key to Preventing Delays Says Article in The Appraisal Journal

The appraisal process can cause delays in a property’s development or sale, according to an article published this week in The Appraisal Journal, reinforcing the need to have appraisers with local market knowledge provide reliable opinions of value – especially in the current market.

 
Nov 15, 2011 08:00 AM

Appraisal Institute Calls for Transparency on Home Buyers Forms

Saying that consumers deserve to know what they’re paying for, the nation’s largest professional association of real estate appraisers today called on the federal Consumer Financial Protection Bureau to require more transparency on home buyers’ forms.

 
Oct 24, 2011 08:00 AM

Energy Efficiency Funding Can Create 1 Million Jobs, Says Report Sponsored by Appraisal Institute

A report released today, sponsored in part by the Appraisal Institute, outlines ways to finance $150 billion per year in energy efficiency projects that yield double-digit financial returns. The Appraisal Institute is the nation’s largest professional association of real estate appraisers.

 
Oct 19, 2011 08:00 AM

Appraisal Institute Announces Support for Green Real Estate Bill in Congress

Citing its benefits for consumers, the nation’s largest professional association of real estate appraisers announced support Wednesday for recently introduced federal legislation that would improve the mortgage underwriting process by ensuring energy costs are included.

 
Oct 11, 2011 08:00 AM

Appraisal Institute’s New Book Helps Real Estate Appraisers Detect, Prevent Fraud

Real estate appraisers who are able to detect fraud can avoid inaccurate information that could compromise the valuation analysis, according to a new book from the nation’s largest professional association of real estate appraisers.

 
Sep 28, 2011 08:00 AM

Appraisal Institute Issues Form to Help Real Estate Appraisers Analyze Green Features

The nation’s largest professional association of real estate appraisers today released a form intended to help analyze values of energy-efficient home features. It is the first of its kind intended for appraisers use.

 
Aug 30, 2011 08:00 AM

Governments' Comprehensive Plans Essential Factor in Real Estate Valuation, Says Journal Article

Real estate appraisers must consider the impact of local governments’ comprehensive plans when producing appraisals, according to an article published this week in The Appraisal Journal’s Summer issue.​

 
Aug 18, 2011 08:00 AM

Plano’s Ken Wilson Elected Vice President of Nation’s Largest Real Estate Appraisal Association

Ken P. Wilson, MAI, SRA, of Plano, Texas, was elected Thursday as 2012 vice president of the Appraisal Institute, the nation’s largest professional organization of real estate appraisers.

 
Aug 17, 2011 08:00 AM

Seven Members Honored Nationally with Appraisal Institute’s Annual Awards

Three members received the Lifetime Achievement Award and another received the Outstanding Service Award during the Appraisal Institute’s annual meeting Wednesday in Las Vegas. Another three members received the President’s Award.

 
Jul 13, 2011 08:00 AM

Help Regulators Take Proper Aim, Appraisal Institute Tells Congress

Testifying before a Congressional subcommittee, the Appraisal Institute’s president-elect on Wednesday told lawmakers their intent was “right on target” and asked them to “guide the regulators’ aim” in implementing consumer-friendly real estate appraisal guidelines.

 
Jul 11, 2011 08:00 AM

New Appraisal Institute Book Helps Determine Business Enterprise Value

Addressing a sometimes controversial topic, the Appraisal Institute’s newest book is intended to assist real estate appraisers in valuing real property with a business component.

 
May 31, 2011 08:00 AM

Omaha's Kenneth Alford Honored by The Appraisal Journal

Kenneth N. Alford, MAI, and David C. Wellsandt of Omaha, Neb., are the winners of the 2010 Swango Award for their article, “Appraising Low-Income Housing Tax Credit Real Estate,” published in the Fall 2010 issue of The Appraisal Journal.

 
May 31, 2011 08:00 AM

Provo's Barrett Slade Honored by The Appraisal Journal

Barrett A. Slade, Ph.D., MAI, of Provo, Utah, and C. F. Sirmans, Ph.D., of Tallahassee, Fla., are the winners of the 2010 Richard U. Ratcliff Award for their article, “Office Property DCF Assumptions: Lessons from Two Decades of Investor Surveys,” published in the Summer 2010 issue of The Appraisal Journal.

 
May 18, 2011 08:00 AM

Mortgage Forms Should Include More Transparency, Appraisal Institute Tells Federal Reserve

To appropriately value potential wetlands, real estate appraisers must explicitly take into consideration the market for mitigation credits, according to an article published this week in The Appraisal Journal’s Spring issue.

 
May 18, 2011 08:00 AM

Mitigation Credits are Key to Wetlands Value, The Appraisal Journal Article Says

To appropriately value potential wetlands, real estate appraisers must explicitly take into consideration the market for mitigation credits, according to an article published this week in The Appraisal Journal’s Spring issue.

 
May 11, 2011 08:00 AM

Appraisal Institute Warns Appraisers About Liabilities When Working with Some AMCs

The Appraisal Institute today cautioned real estate appraisers about signing agreements imposed by some appraisal management companies that seek to hold residential appraisers responsible for AMCs’ actions. Its president warned that consumers could be the ultimate losers.

 
Apr 27, 2011 08:00 AM

Appraisal Quality Control Increasingly Important, Says News Book from the Appraisal Institute

Responding to heightened appraiser accountability, a new book from the Appraisal Institute outlines successful techniques in maintaining internal quality control.

 
Apr 18, 2011 08:00 AM

Appraisal Institute Issues Earth Day Call for Collaboration to Real Estate Community

In celebration of Earth Day, the Appraisal Institute today called on the worlds real estate community to join in helping ensure reliable valuations for sustainable "green" buildings. The Appraisal Institute is the nations largest professional association of real estate appraisers and has members in 60 countries.

 
Mar 27, 2011 08:00 AM

Appraisal Institute Contributes to Tsunami Relief in Support of its Japanese Members

Responding to the recent loss of life and property destruction in Japan, the United States’ largest professional association of real estate appraisers today announced it has made a charitable contribution to the American Red Cross’ relief efforts.

 
Feb 27, 2011 08:00 AM

Flood Map Changes May Cause Economic Damages, The Appraisal Journal Says

Changes to Federal Emergency Management Agency flood zone maps may cause economic damages to property owners, and governments may need to pay them substantial compensation, according to an article published this week in The Appraisal Journal’s Winter issue.

 
Feb 21, 2011 08:00 AM

Controversial Real Estate Valuations Addressed in New Book from Appraisal Institute

A landmark book published this week by the Appraisal Institute demonstrates valuation methodologies for controversial easement-related appraisal assignments. The Appraisal Institute is the nation’s largest professional association of real estate appraisers.

 
Jan 23, 2011 08:00 AM

Appraisal Institute Launches Green Valuation Program

The Appraisal Institute today launched its Valuation of Sustainable Buildings Professional Development Program, educating appraisers on the intricacies of valuing high-performance residential and commercial buildings. The Appraisal Institute is the nations largest professional association of real estate appraisers.

 
Jan 11, 2011 08:00 AM

Appraisal Institute Unveils Appraisal Tips for Consumers

The Appraisal Institute today released helpful tips for consumers, providing guidance for homeowners and buyers seeking to ensure their sales are completed in a timely manner.

 
Jan 04, 2011 08:00 AM

Mortgage Forms Should Include More Transparency, Appraisal Institute Tells Federal Reserve

The nation's largest real estate appraisal organizations called on the Federal Reserve last week to require appraisal management companies to disclose their fees to consumers as the Fed implements landmark appraisal regulatory reforms passed by Congress.

 
Dec 14, 2010 08:00 AM

Appraisal Institute Calls for Development of Investment Property Accounting Standard

The nation’s largest professional association of real estate appraisers today recommended revisions to proposed lease accounting standards, urging the Financial Accounting Standards Board to prepare a separate investment property standard comparable to its international counterpart.

 
Dec 12, 2010 08:00 AM

Cross-border Investing Taking World by Storm, Says New Book from the Appraisal Institute

Cross-border investing for growth and portfolio diversification has taken the business world by storm, according to a one-of-a-kind book published this week by the Appraisal Institute, the nation’s largest professional association of real estate appraisers.

 
Nov 21, 2010 08:00 AM

Residential Lots with a View Command Significantly Higher Prices: The Appraisal Journal

Residential lots with a view sell at higher prices even when they are not overlooking water or a golf course, according to the cover article in The Appraisal Journal’s Fall issue, published this week.

 
Nov 07, 2010 08:00 AM

Alex Hesterberg, Roy Caves Honored with Appraisal Institute’s Annual Awards

Alexander G. Hesterberg, MAI, received the Lifetime Achievement Award and Roy Caves received the Outstanding Service Award during the Appraisal Institute’s annual meeting Wednesday in Miami Beach, Fla.​

 
Oct 18, 2010 08:00 AM

Pittenger, Miller to Offer Keynote Addresses at XXV Union of PanAmerican Valuers Congress

Valuation experts Bill Pittenger, MAI, SRA, SREA, SRPA, and Norm Miller, Ph.D., will be the keynote speakers Nov. 2-4 when hundreds of real estate appraisers from North and South America gather at the XXV Union of PanAmerican Valuers Congress in Miami Beach, Fla.

 
Sep 07, 2010 08:00 AM

Statement from the Appraisal Institute on its Withdrawal from The Appraisal Foundation

The decision today by the Appraisal Institute’s Board of Directors to withdraw from The Appraisal Foundation as a sponsor was a difficult but necessary one. As the nation’s largest organization of real estate appraisers, we must preserve our integrity and must act as an independent voice representing the interests of our members, the profession and the public interest before legislative and regulatory bodies.

 
Aug 29, 2010 08:00 AM

Appraisal Institute’s New Guide to Home Buying Offers Uniquely Unbiased View

A home buying guide published this week by the Appraisal Institute teaches homebuyers when to buy, how to find a real estate agent, how to choose the best home on the market and more … all from the uniquely unbiased perspective of a real estate appraiser.

 
Aug 16, 2010 08:00 AM

Southern Indiana’s Rick Borges, MAI, SRA, Elected Vice President Of Nation’s Largest Real Estate Appraisal Association

Richard L. (Rick) Borges II, MAI, SRA, formerly of Seymour, Ind., was elected Thursday as 2011 vice president of the Appraisal Institute, the nation’s largest professional organization of real estate appraisers.

 
Aug 09, 2010 08:00 AM

Innovative Technology Will Define Valuation’s Future, New Appraisal Institute Book Says

A unique collection of theoretical and practical pieces published this week by the Appraisal Institute describes how innovative technology will define the future of real estate valuation. The Appraisal Institute is the nation’s largest professional organization of real estate appraisers.

 
Aug 05, 2010 08:00 AM

Appraisal Reviews Increasingly Important After Real Estate Meltdown: The Appraisal Journal

Reviews of appraisal reports, an essential quality-control function in the real estate industry and especially so in the wake of the residential and commercial market meltdowns, are the subject of The Appraisal Journal’s Summer issue cover article, published this week.

 
Jul 15, 2010 08:00 AM

FHA Commissioner, Member of Congress to Speak at Appraisal Institute Washington Appraisal Summit

Keynote addresses on real estate issues at the Appraisal Institute’s Washington Appraisal Summit

 
Jun 27, 2010 08:00 AM

Appraisal Institute Applauds Financial Reform Bill, Calls on Congress to Pass Final Version

Real estate appraisal provisions in the final version of the Dodd-Frank Wall Street Reform and Consumer Protection Act, completed by Congress on Friday, should mean more reliable home appraisals for consumers, the Appraisal Institute said today. The Appraisal Institute is the nation’s largest professional organization of real estate appraisers.

 
Jun 01, 2010 08:00 AM

New Appraisal Institute Book Teaches How to Appraise Green Homes

A new book published this month by the Appraisal Institute helps appraisers estimate values for popular “green” home features such as energy-efficient appliances, toxin-free flooring and insulation and vegetated roofs.

 
May 19, 2010 08:00 AM

Appraisal Institute ‘Disappointed’ by Lack of Funding for HVCC Complaint Process

The Federal Housing Finance Agency today said that Fannie Mae and Freddie Mac will deploy a complaint process for violations of the Home Valuation Code of Conduct and will not fund the Independent Valuation Protection Institute called for in HVCC.

 
May 16, 2010 08:00 AM

Appraisal Institute President to Speak at Congressional Hearing in Chicago

U.S. House Financial Services Committee’s Oversight and Investigations Subcommittee field hearing on “Commercial Real Estate: A Chicago Perspective on Current Market Challenges and Possible Responses” ​

 
May 11, 2010 08:00 AM

Lakefront Lots Sell at Highest Premium, Study in The Appraisal Journal Finds

Lakefront lots sell at higher premiums than lake view lots, which sell for more than lots with golf course views, according to the first academic study to explicitly model different golf course, lake, mountain and lakefront views. The study appears in the Spring issue of The Appraisal Journal.

 
May 11, 2010 08:00 AM

End ‘Wild West’ Attitude to Regain Investors’ Trust, Appraisal Institute President Tells Congressional Hearing

In order to regain investors’ trust, America must end the “wild west” attitude that has plagued its real estate financing, Appraisal Institute President Leslie Sellers, MAI, SRA, told a Congressional subcommittee today.

 
May 09, 2010 08:00 AM

Not All Home Improvement Projects Yield Returns, Appraisal Institute President Warns Homeowners

Homeowners looking to upgrade or sell their home this spring should realize that not all remodeling and renovation projects will yield a full return on their investment, the president of the Appraisal Institute said today. The Appraisal Institute is the nation’s largest organization of real estate appraisers.

 
Apr 25, 2010 08:00 AM

Fraud Study Shows Importance of Competence, Ethics: Appraisal Institute

A new study indicating that reports of mortgage fraud in the United States increased 7 percent from 2008 to 2009 shows why lenders need to hire competent, ethical appraisers, Appraisal Institute President Leslie Sellers, MAI, SRA, said today.

 
Apr 20, 2010 08:00 AM

Appraisal Institute Praises ‘Green’ Multiple Listing Service Tool Kit

The Appraisal Institute today praised a new resource that will help real estate appraisers provide even more reliable valuations on homes with energy efficient features.

 
Apr 13, 2010 08:00 AM

New Book on Appraisal Review Process Published by the Appraisal Institute

A new book published by the Appraisal Institute provides practical instruction on the appraisal review process and helps promote greater understanding between reviewers and appraisers. The Appraisal Institute is the nation’s largest organization of real estate appraisers.

 
Mar 08, 2010 08:00 AM

Appraisal Institute Opposes Obama Administration’s Plan for Homeowner Short Sales

Citing concerns about increased mortgage fraud, four organizations representing more than 35,000 real estate appraisers today voiced their opposition to changes to an Obama administration program that will encourage short sales of homes. The coalition was led by the Appraisal Institute, the nations largest organization of real estate appraisers.

 
Feb 28, 2010 08:00 AM

Appraisal Institute Releases First Audio Book Scope of Work Available for Download, on CD

The Appraisal Institute, the nation’s largest organization of real estate appraisers, today announced it has published its first audio book.

 
Feb 28, 2010 08:00 AM

AI President Featured on In-Flight Radio Show; Sellers Interview to Reach 10.5 Million Travelers

Appraisal Institute President Leslie Sellers, MAI, SRA, is currently being featured on Delta Air Lines’ and US Airways’ in-flight talk radio show “The Innovators,” which is expected to reach 10.5 million travelers during March and April.

 
Feb 24, 2010 08:00 AM

Zillow Values No More Accurate Than Homeowners Estimates: The Appraisal Journal

Estimates of home values from Zillow.com may be no more accurate than homeowners’ estimates of value, according to a new study in The Appraisal Journal’s Winter 2010 issue.

 
Jan 10, 2010 08:00 AM

Appraisal Institute's Updated Dictionary Includes New Online Version

The specialized language of real estate valuation is the focus of a newly published book by the Appraisal Institute, featuring more than 5,000 definitions and terms in addition to seven specialized glossaries. The Appraisal Institute is the nation’s largest organization of real estate appraisers. ​

 
Jan 06, 2010 08:00 AM

Appraisal Institute Encourages Interior Department To Follow Inspector General’s Call for a Chief Appraiser

A coalition representing 35,000 real estate appraisers, led by the Appraisal Institute, today called on the U.S. Department of the Interior to follow its own Inspector General’s direction to hire a chief appraiser.

 
Nov 17, 2009 08:00 AM

Leslie Sellers Sworn in as 2010 President of Appraisal Institute

Leslie P. Sellers, MAI, SRA, of Clinton, Tenn., was sworn in Friday as 2010 president of the Appraisal Institute during the organization’s fourth-quarter Board of Directors meeting in Cancun, Mexico. The Appraisal Institute is the nation’s largest organization of real estate appraisers.

 
Nov 16, 2009 08:00 AM

Historic Facade Easements Decrease Value More than Tax Credit is Worth: The Appraisal Journal

A historic facade easement decreases the value of a home far beyond the benefits of the related tax deduction, according to a new study in The Appraisal Journal’s fall issue.

 
Oct 21, 2009 08:00 AM

Appraisal Institute Praises Congressional Amendment Calling for Greater Appraiser Independence

Calling it "a victory for consumers," the Appraisal Institute praised an amendment passed by a Congressional committee Wednesday that will help prevent improper pressure on real estate appraisers during the mortgage loan process.

 
Oct 19, 2009 08:00 AM

Appraisal Institute's Newest Book Provides Direction for Residential Appraisers

A book published this week by the Appraisal Institute provides up-to-date, relevant instructions for completing residential real estate appraisal forms and offers in-depth instructions on providing valuations in the current market. The Appraisal Institute is the nation’s largest organization of real estate appraisers.

 
Oct 14, 2009 08:00 AM

Dont Shoot the Messenger for Low Appraisals, Appraisal Institute Tells House Committee

Responding to recent testimony before the House Small Business Committee, the Appraisal Institute, the nation’s largest organization of real estate appraisers, reminded the Committee’s leaders Wednesday that appraisers are not responsible for so-called low appraisals.

 
Oct 13, 2009 08:00 AM

Appraisal Institute Applauds California's New Law Regulating Appraisal Management Companies

The Appraisal Institute, the nation’s largest organization of real estate appraisers, today applauded a new California law that will provide regulation and oversight of appraisal management companies.​

 
Sep 21, 2009 08:00 AM

New Textbook from Appraisal Institute Describes How to Perform Statistical Analyses

A newly published textbook by Marvin L. Wolverton, Ph.D., MAI, is the first of its kind: a fundamental, comprehensive guide to performing statistical analyses written specifically for real estate appraisers.

 
Sep 20, 2009 08:00 AM

Appraisal Institute Applauds FHA for Removing Cap on Appraiser Fees

The Appraisal Institute, the nation’s largest organization of real estate appraisers, today celebrated a significant victory for the appraisal profession in the wake of the Federal Housing Administration’s (FHA) announcement that it was reversing a policy that inadvertently capped fees to appraisers.

 
Aug 25, 2009 08:00 AM

Sara Stephens Elected Vice President of Appraisal Institute

Sara W. Stephens, MAI, of Little Rock was elected Appraisal Institute vice president Saturday by the organization’s Board of Directors. The Appraisal Institute is the nation’s largest association of real estate appraisers with more than 26,000 members and 91 chapters.

 
Aug 17, 2009 08:00 AM

Appraisal Institute Criticizes Appraisers Who Fail to Meet Geographic Competency Requirements

In the wake of reports that some real estate appraisers are performing appraisals despite lacking sufficient knowledge of the local market, the Appraisal Institute today chided those who violate the profession’s ethical or professional standards. The Appraisal Institute is the nation’s largest association of real estate appraisers.

 
Aug 03, 2009 08:00 AM

Appraisal Institute Supports Proposed Revisions To Require More Frequent Valuations of Real Estate Investments

The Appraisal Institute, the nation’s largest real estate appraisal organization, today announced its support for revisions to the Global Investment Performance Standards, which are standardized, industry-wide ethical principles that provide investment firms with guidance on how to calculate and report results of investments, including real estate.

 
Jul 29, 2009 08:00 AM

Power Lines Dont Affect Property Values: The Appraisal Journal

A property’s value is not affected when the home is located close to high-voltage transmission lines, or when those power lines are visible from the home, according to an article appearing in The Appraisal Journal’s summer issue.

 
Jul 12, 2009 08:00 AM

Appraisal Institute Applauds Freddie Mac’s Revised Guidelines

The Appraisal Institute, the nation’s largest real estate appraisal organization, today applauded Freddie Mac’s newly revised guidelines for mortgage lenders emphasizing the use of qualified and experienced real estate appraisers.

 
Jun 30, 2009 08:00 AM

Appraisal Institute Calls on HUD to Rescind Mortgage Regulation

The Appraisal Institute, the nation’s largest real estate appraisal association, today led a coalition of four organizations and 35,000 members calling on the U.S. Department of Housing and Urban Development (HUD) to rescind regulations regarding appraisal management companies (AMCs). The coalition also sought new rules on AMCs.

 
Jun 22, 2009 08:00 AM

STATEMENT FROM THE APPRAISAL INSTITUTE

The following statement may be attributed to the Appraisal Institutes Bill Garber, Director, Government and External Relations. It is in response to todays comment by Lawrence Yun, National Association of Realtors chief economist, that the increase in existing home sales in May "is less than expected because poor appraisals are stalling transactions. Some contracts are falling through from faulty valuations that keep buyers from getting a loan."

 
Jun 15, 2009 08:00 AM

Appraisal Institute Offering Customized Appraisal Education for Lenders

To assist banks and mortgage lenders with appraisal training, the Appraisal Institute has created a specialized, customizable educational program titled Commercial Appraisal Engagement and Review for Bankers. Participants of the program will learn how real estate appraisals fit into the regulatory scheme for financial institutions. In addition, lenders can work with Appraisal Institute instructors to customize the content and duration of the program based on the needs of their staff.

 
Jun 07, 2009 08:00 AM

Appraisal Institute at United Nations: Worldwide Valuation Standards Needed

Addressing the need for transparency and accountability in the worldwide valuation profession, the president of the nation’s largest appraisal organization, the Appraisal Institute, called for uniform valuation standards to advance professionalism at a gathering of the United Nations Economic Commission for Europe (UNECE), meeting in Rome, Italy. Primarily focusing on the topic “Rethinking Real Estate Markets,” Appraisal Institute President Jim Amorin, MAI, SRA, detailed the evolution of profes

 
Jun 07, 2009 08:00 AM

Appraisal Institute Releases Newest Book: The Appraisal of Nursing Facilities

The Appraisal Institute is proud to announce the release of its newest publication, The Appraisal of Nursing Facilities. In this comprehensive text, healthcare property valuation expert James K. Tellatin, MAI, explores long-term care facilities from both physical and economic perspectives, providing the insider information appraisal professionals need to take advantage of valuation opportunities in the growing senior housing industry.

 
Apr 28, 2009 08:00 AM

Appraisal Institute Urges Congress to Pass Pending Mortgage Reform Bill

The Appraisal Institute, the nation’s largest organization of professional real estate appraisers, is urging Congressional representatives to pass H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009, a bill that would eliminate a number of regulatory loopholes in the mortgage lending system and strengthen the appraisal regulatory structure. Currently, the bill is being considered by the House Financial Services Committee, where the markup is expected to last until Thursday.

 
Apr 22, 2009 08:00 AM

Appraisal Institute Urges Congress to Ban BPOs and Regulate AMCs

In testimony before Congress today, the Appraisal Institute told lawmakers that mortgage reform legislation is needed and called for a “back to basics” approach to mortgage lending. President Jim Amorin, MAI, SRA voiced support for the recently introduced H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009. The bill, introduced in March by Representatives Brad Miller (D-N.C.) and Mel Watt (D-N.C.), is aimed at curbing predatory lending, which has been a major factor in the hig

 
Mar 31, 2009 08:00 AM

Appraisal Groups Applaud Actions of Utah Governor

In response to Utah Governor Jon Huntsman, Jr. signing House Bill 152 – the Appraisal Management Company Registration and Regulation Act – into law last week, the nation’s four largest appraisal organizations have written to the Utah governor to thank and applaud him for his actions. By signing H.B. 152 into law, Utah became the first state in the nation to enact requirements that appraisal management companies (AMCs) be registered with, and regulated by, a state agency.

 
Mar 24, 2009 08:00 AM

Appraisal Institute Signs Memorandum of Understanding With Italian Appraisal Groups

The United State’s largest organization of professional appraisers has entered into a Memorandum of Understanding with two of the premiere Italian appraisal and economic development groups in a mutual effort to harmonize international valuation standards. The Appraisal Institute, the Istituto Italiano di Valutazione Immobiliare (IsIVI) and OSMI-Borsa Immobiliare di Milano jointly signed the cooperative agreement earlier this month during the MIPIM Congress held in Cannes, France.

 
Mar 15, 2009 08:00 AM

Real Estate Industry Leaders Converged on D.C. for Appraisal Institute’s Collateral Matters Congress

The Appraisal Institute recently hosted its first-ever Collateral Matters Congress, an industry-wide event dedicated to improving the overall quality of collateral valuation practices in residential mortgage lending. The historic event, held March 8-10 at the Park Hyatt in Washington, D.C., brought together nearly 90 real estate industry leaders and regulatory officials to discuss and brainstorm on solutions to a variety of problems in the residential mortgage lending process.

 
Mar 10, 2009 08:00 AM

Appraisal Institute Urges Congress to Address Feeble Oversight

In testifying before Congress today, the Appraisal Institute told lawmakers that mortgage reform legislation is needed to address structural weaknesses in mortgage industry regulation. Calling current regulatory oversight "feeble," the Appraisal Institute called upon Congress to provide state and federal appraisal oversight agencies with greater enforcement power, the lack of which has contributed significantly to mortgage fraud.

 
Mar 08, 2009 08:00 AM

Appraisal Institute Welcomes 4,000 New Members

The Appraisal Institute is pleased to announce that in 2008 the organization welcomed more new members than in any year since the former American Institute of Real Estate Appraisers and the Society of Real Estate Appraisers merged to form the Appraisal Institute in 1991. The 4,000 new members who joined the Appraisal Institute last year brings the organization’s membership total to more than 25,000 members, the most since 1995.

 
Feb 22, 2009 08:00 AM

Reliable Valuations of Mortgaged Properties Are Key to Success of Administration's Foreclosure Relief Plan

The nation’s four largest organizations of professional real estate appraisers—the Appraisal Institute, American Society of Appraisers, American Society of Farm Managers and Rural Appraisers, and National Association of Independent Fee Appraisers—delivered the second of two letters to Treasury Secretary Timothy Geithner urging the Administration to protect homeowners and taxpayers by requiring that the market values of homes under President’s Obama’s Homeowners Stability Program be determined b

 
Feb 12, 2009 08:00 AM

Appraisal Institute to Premiere Commercial Appraisal Engagement and Review Seminar for Bankers and Appraisers

The Appraisal Institute is proud to introduce its newest seminar, Commercial Appraisal Engagement and Review, which will premiere March 2, 2009, in Tigard, Ore. Designed for lenders and appraisers, this timely seminar will explore how appraisal work fits into financial institutions’ regulatory scheme and what happens to an appraisal once it leaves the appraiser’s hands.

 
Jan 11, 2009 08:00 AM

Appraisal Institute Releases Student Handbook to The Appraisal of Real Estate, 13th Edition

The Appraisal Institute is proud to announce the release of its newest publication, The Student Handbook to The Appraisal of Real Estate, 13th edition, by Mark R. Rattermann, MAI, SRA. This practical handbook serves as a complement to the latest edition of The Appraisal of Real Estate and is designed to assist students and valuation practitioners alike in understanding the appraisal profession, preparing for state licensing exams and embarking on a successful career in real estate valuation.

 
Dec 25, 2008 08:00 AM

Professional Appraisal Organizations React to Revised Home Valuation Code of Conduct – Pledge to Seek Further Actions Promoting Appraisal Quality

The nation’s largest organizations of professional real estate appraisers – the Appraisal Institute, American Society of Appraisers, American Society of Farm Managers and Rural Appraisers, and the National Association of Independent Fee Appraisers – issued the following statement today in reaction to the revised Home Valuation Code of Conduct (Appraisal Code) released by the Federal Housing Finance Agency and Fannie Mae and Freddie Mac:

 
Dec 15, 2008 08:00 AM

Appraisal Institute to Host Collateral Matters Congress

The Appraisal Institute is set to host the first-ever Collateral Matters Congress, an industry-wide event dedicated to improving the overall quality of collateral valuation practices in residential mortgage lending. The congress, which will be held from March 9-10, 2009, at the Park Hyatt in Washington, D.C., will address concerns regarding current collateral valuation practices and explore ways to develop best practices improvements and reforms.

 
Nov 19, 2008 08:00 AM

Appraisal Institute to Premiere Valuation of Green Residential Properties Seminar for Real Estate Professionals

The Appraisal Institute is proud to introduce its newest seminar, Valuation of Green Residential Properties, which will premiere December 3, 2008, in Denver, Colo. Designed for residential real estate professionals – both expert and novice – who wish to enhance and expand their practices in this growing industry, this timely seminar will explore market acceptance of the latest green program initiatives while presenting an in-depth study of how green building construction impacts home values.

 
Nov 06, 2008 08:00 AM

Appraisal Institute Board Votes Down Affiliation

The Appraisal Institute Board of Directors yesterday voted not to pursue affiliation with the National Association of Realtors (NAR). The vote, which occurred during the Board’s fall meeting in San Antonio, Texas, follows year-long meetings between the organizations during which possible terms and conditions were discussed. In the end, though, the two organizations could not come to agreement on how best to proceed.

 
Nov 02, 2008 08:00 AM

Appraisal Groups Release Model AMC Legislation and Invite Public Comment

As the number of appraisal management companies (AMCs) continues to grow across the United States, the nation’s largest professional organizations of real estate appraisers are releasing draft model legislation calling for the registration and regulation of AMCs. The model legislation is a joint effort of the Appraisal Institute (AI), the American Society of Appraisers (ASA), the American Society of Farm Managers and Rural Appraisers (ASFMRA), and the National Association of Independent Fee App

 
Sep 08, 2008 08:00 AM

New Appraisal Institute Text Offers Expert Advice for Damaged Property Appraisals

The Appraisal Institute is proud to offer its newest text on appraising damaged property, Real Estate Damages: Applied Economics and Detrimental Conditions, second edition. This revised publication provides valuation professionals with a framework for applying fundamental economic principles and innovative appraisal techniques to address the unique problems that arise in these complex valuation situations.

 
Aug 25, 2008 08:00 AM

Appraisal Institute Reaches Out to Young Appraisers

A little more than halfway through an aggressive campaign to increase membership, the Appraisal Institute is reporting an increase of greater than 2,400 members as of July 31, 2008, thanks in large part to the organization’s efforts to recruit younger members. This record-breaking figure, which includes new Associate and Affiliate members added since the beginning of 2008, has the Appraisal Institute on track to surpass the number of members joining in any one year throughout the organization’s

 
Aug 19, 2008 08:00 AM

Appraisal Institute Calls for Modernization of Appraisal Regulatory Structure

Yesterday, the nation’s largest professional organization of real estate appraisers, the Appraisal Institute, submitted a joint industry letter to the Senate Banking Committee advocating revisions to deficiencies in the appraisal regulatory structure. Specifically, the Appraisal Institute urged the Senate to adopt Title VII of House Resolution 3915 (H.R. 3915), the Mortgage Reform and Anti-Predatory Lending Act, which would allot greater resources to state appraisal boards for enforcement activ

 
Aug 06, 2008 08:00 AM

Summer Issue of The Appraisal Journal is Out Now

The Summer 2008 issue of The Appraisal Journal continues to provide real estate professionals with advice and insights to the ever changing industry. Included in the Summer issue are two articles related to the valuation of properties located near lakes, two articles on investment-related valuations and an article on predicting the impact of contamination on home values.

 
Jul 29, 2008 08:00 AM

Appraisal Institute Applauds Congress for Passing Housing Bill

The nation’s largest organization of professional real estate appraisers, the Appraisal Institute, applauded enactment of House Resolution 3221 (H.R. 3221), a law passed by Congress last weekend and signed by President Bush today, that contains several large housing related initiatives, including the housing regulatory overhaul of mortgage giants Fannie Mae and Freddie Mac, and a modernization of the Federal Housing Administration (FHA). In addition, H.R. 3221 contains provisions that reinforce

 
Jul 06, 2008 08:00 AM

Appraisal Institute Releases Thirteenth Edition of The Appraisal of Real Estate

The Appraisal Institute is proud to announce the release of its newest publication, The Appraisal of Real Estate, thirteenth edition, which provides real estate appraisers with guidance on how to meet the challenges facing today’s valuation professionals. Designed as an authoritative reference and first-line resource, this practical book is perfect for assistance in overcoming obstacles and performing appraisal assignments with consistency, competence and integrity.

 
Jun 24, 2008 08:00 AM

Appraisal Institute Names 2009 Vice President Nominee

The Appraisal Institute, the nation’s largest association of real estate appraisers, announced that Joseph C. Magdziarz, MAI, SRA, has been nominated to serve as Vice President of the organization in 2009.

 
Jun 11, 2008 08:00 AM

Appraisal Institute Calls for Withdrawal of HUD’s Proposed RESPA Rule

The nation’s largest professional organization of real estate appraisers has called for the withdrawal of proposed changes to the Real Estate Settlement Procedures Act (RESPA) because it fails to promote transparency of real estate settlement costs to consumers.

 
May 27, 2008 08:00 AM

Appraisal Institute to Premiere Green Building Seminar for Real Estate Professionals

The Appraisal Institute is proud to introduce its newest seminar, An Introduction to Valuing Green Buildings, which will premiere June 24, 2008, in Austin, Texas. Designed for appraisers, developers, investors and other real estate professionals, this timely seminar will explore the history and progress of the “green” building movement in the United States as well as how buildings held for investment relate to the larger green building universe. The analysis and valuation of green building for

 
May 10, 2008 08:00 AM

Appraisal Institute Applauds House Passage of Mortgage Reform Bill

The Appraisal Institute, the nation’s largest organization of professional real estate appraisers, is applauding the U.S. House of Representatives for voting to adopt H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009, a bill that would eliminate a number of regulatory loopholes in the mortgage lending system and strengthen the appraisal regulatory structure. Having passed the House by a 300-114 vote, the bill will now be referred to the U.S. Senate Banking Committee where th

 
May 05, 2008 08:00 AM

Spring Issue of The Appraisal Journal Spotlights Appraisal Techniques for Special Property Interests

The Spring issue of The Appraisal Journal continues in its mission to provide professional real estate appraisers with information on analysis and valuation of real estate interests. This quarter, feature articles explain how to analyze and value water rights and aircraft hangers. In addition, articles on appraisal review as it relates to expropriation, the inconsistency of expert witness standards for appraisal testimony, and the Japanese take on asset impairment accounting as related to appra

 
Apr 29, 2008 08:00 AM

Appraisal Institute Calls for Revisions to Fannie’s/Freddie’s Home Valuation Code of Conduct

Today, the nation’s largest professional organization of real estate appraisers submitted a joint industry response to the creation of the Home Valuation Code of Conduct – a guideline established in an agreement reached by the New York Attorney General’s Office, Fannie Mae, Freddie Mac and the Office of Federal Housing Enterprise Oversight (OFHEO).

 
Apr 20, 2008 08:00 AM

OFHEO General Counsel Set to Speak as Appraisal Institute Takes to Capitol Hill

More than one hundred participants in the Appraisal Institute’s 2008 Leadership Development and Advisory Council (LDAC) are set to lobby Capitol Hill on Thursday, April 24, in an effort to alert their Congressional representatives of the issues impacting real estate appraisers and the real estate appraisal profession. The group, which is composed of industry leaders, will gather April 23-25 at the Washington Court Hotel in Washington, D.C.

 
Apr 07, 2008 08:00 AM

Appraisal Institute Issues Legislative Update

Today, the Senate will vote on critical legislation to stimulate the housing market and the economy. Included in the debate is an amendment offered by Senator Robert Casey (D-Pennsylvania) and Senator Mel Martinez (R-Florida) to make reforms to the real estate appraisal process, specifically, banning appraiser coercion.

 
Apr 01, 2008 08:00 AM

Appraisal Institute Releases New Publication On the Appraisal of Subdivision

The Appraisal Institute is proud to announce the release of its newest publication, Subdivision Valuation, by Don M. Emerson, Jr., MAI, SRA. Providing real estate appraisers with the essential skills needed to meet the challenges of subdivision valuation, this practical book offers appraisers a comprehensive overview of single-unit residential subdivision valuation methodology focused primarily on valuing proposed subdivisions competently and avoiding common errors found in subdivision appraisal​

 
Mar 06, 2008 08:00 AM

Characteristics of Special Property Interests Spotlighted in The Appraisal Journal

The Winter 2008 issue of The Appraisal Journal examines the distinctive characteristics of special property interests – a key step in developing a valuation estimate. Featured articles specifically focus on the unique aspects of aircraft hangars, water rights, limited use service hotels, industrial incubator warehouses and apartments, and how these special properties are valued.

 
Nov 27, 2007 08:00 AM

Appraiser Education Then and Now Spotlighted in The Appraisal Journal

As a part of its 75th anniversary look at important aspects of the real estate appraisal profession, the Fall 2007 issue of The Appraisal Journal offers several perspectives on appraiser education over the decades. The issue also features articles on several unique appraisal topics: cell phone towers, antiterrorism measures in commercial buildings and road access management.

 
Nov 06, 2007 08:00 AM

Appraisal Institute Applauds NY Attorney General Cuomo For Exposing Pressure to Inflate Home Values

The Appraisal Institute today praised New York Attorney General Andrew Cuomo for exposing the corrosive consequences of inflated appraisals on the home buying industry and confirmed its commitment to the independence of professional real estate appraisers.

 
Oct 21, 2007 08:00 AM

Appraisal Institute Voices Support for Proposed Appraisal Legislation

The nation's largest professional real estate appraisal organization, the Appraisal Institute, applauds Representative Paul Kanjorski (D-PA) for introducing H.R. 3837, The Escrow, Appraisal, and Mortgage Servicing Improvements Act of 2007. Introduced today in the House of Representatives, H.R. 3837 is aimed at protecting consumers and financial institutions by addressing shortcomings in the appraisal regulatory structure, among other things.

 
Jul 31, 2007 08:00 AM

Development of Appraisal Practices and More Discussed in Latest Issue of The Appraisal Journal

The Summer 2007 issue of The Appraisal Journal continues the Appraisal Institute’s yearlong salute to its diamond anniversary by providing featured articles that examine a bevy of unique valuation topics. Highlights include articles addressing topics from an overview of the development of appraisal practices to conservation subdivision developments, from property rights compensation statutes to government land auctions.

 
Jul 10, 2007 08:00 AM

August 21 Teleconference to Address Effective Banker-Appraiser Communication

To avoid the pitfalls that can result from imprecise communication between lenders and real estate appraisers, the Appraisal Institute and the American Bankers Association (ABA) will jointly host a two-hour teleconference on Tuesday, August 21 from 2-4 p.m. (ET).

 
Jul 04, 2007 08:00 AM

Appraisal Organizations Propose Solutions to Curb Mortgage Fraud Crisis at Senate Hearing

The Appraisal Institute, along with three partner appraisal organizations, told Congress today that a single standard for all lenders and brokers ordering real estate appraisals will help stop appraiser coercion, which was described as one of the leading contributors to mortgage fraud.

 
Jun 05, 2007 08:00 AM

Education the Focus of the Appraisal Institute's 75th Anniversary Conference

The Appraisal Institute's 75th Anniversary Conference, "Celebrating Our History, Valuing the Future," will bring together leaders of the real estate valuation profession to address current trends in the industry while also offering appraisers opportunities to expand their professional skills.

 
May 28, 2007 08:00 AM

The Appraisal Journal Examines Appraiser Ethics and Standards In Spring Issue

With the publication of the Spring 2007 issue, The Appraisal Journal continues its yearlong salute to its diamond anniversary by providing a review of appraiser ethics and standards. Other featured articles examine several unique appraisal topics including: how seller disclosure affects market value, how sales prices have been affected by deregulation of Federal Housing Administration (FHA) and Veterans Affairs (VA) mortgages, and how certain valuation approaches may lead to overvaluations resu

 
May 02, 2007 08:00 AM

Appraisal Institute Names New Chief Executive Officer

The Appraisal Institute, the nation?s largest association of real estate appraisers, has announced that Frederick H. Grubbe has been selected to serve as chief executive officer of the organization effective June 1, 2007.

 
Apr 11, 2007 08:00 AM

Subprime Fix: Independent Appraisal Process

In response to the proposed guidance on subprime mortgage lending, the four largest professional appraisal organizations have called for requirements to stress the need for an independent appraisal process in the mortgage lending process.

 
Apr 03, 2007 08:00 AM

Appraisal Institute Iowa Chapter Supports Bill Addressing Improper Pressure on Appraisers

As mortgage fraud remains a serious problem for communities across the country, the Iowa Chapter of the Appraisal Institute is leading the charge to fight appraiser pressure in Iowa by backing Senate File 137 (S.F. 137), which would prohibit third parties from improperly influencing an appraiser.

 
Feb 25, 2007 08:00 AM

Appraisal Journal Celebrates 75 Years

With the publication of the Winter 2007 issue, The Appraisal Journal begins a yearlong salute to its diamond anniversary by providing a review of appraisal ideas that have influenced the profession.

 
Jan 23, 2007 08:00 AM

Appraisal Institute Releases New Publication On the Appraisal of Residential Properties

The Appraisal Institute is proud to announce the release of its newest publication, Appraising Residential Properties, fourth edition.

 
Jan 21, 2007 08:00 AM

Members Win with Unified Voice on Appraisal Issues

Legislators and government officials will hear a unified voice from the real estate appraisal profession during 2007, thanks to an agreement signed by the four largest appraisal organizations in the United States.

 
Jan 16, 2007 08:00 AM

Appraisal Institute Creates Model Engagement Contracts

Clients of real estate appraisal services are set to benefit from the Appraisal Institute's introduction of model agreements for services, which are presently being made available to members of the Appraisal Institute. Sample agreements for services both long and short forms along with supplementary and explanatory materials have been developed to assist Appraisal Institute members and their clients in drafting their own agreements or evaluating those provided by others.

 
Jan 11, 2007 08:00 AM

Appraisal Institute Members in Top Positions on Appraisal Foundation's Board of Trustees

Six members of the Appraisal Institute will serve in leadership positions on the Appraisal Foundation's Board of Trustees for 2007. Arthur Clapp, who is an associate member of the Appraisal Institute, will serve as the Board's chair; Shawn McGowan, SRA, as vice chair; Larry Kokel, MAI, as secretary; Alan Hummel, SRA, as assistant secretary; John Bredemeyer, SRA, as treasurer; and Alice DeJong, MAI, as assistant treasurer.

 
Jan 08, 2007 08:00 AM

Appraisal Institute Announces 2007 National Officers

The Appraisal Institute, the leading organization for professional real estate appraisers, has announced its national officers for 2007: President Terry Dunkin, MAI, SRA; President-Elect R. Wayne Pugh, MAI; Vice President Jim Amorin, MAI, SRA, and Immediate Past President Richard Powers, MAI, SRA.

 
 
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