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Results: 55 Articles found.
Apr 01, 2015 12:30 PM

Virginia Enacts Law on Reasonable and Customary Fees

Virginia Gov. Terry McAuliffe on March 23 signed into law S.B. 1445, which requires appraisal management companies operating in the state to compensate appraisers at a reasonable and customary rate. ​

 
Apr 01, 2015 12:30 PM

Fannie, Freddie Likely to Remain in Conservatorship

Sen. Richard Shelby, R-Ala., chair of the Senate Banking Committee, said he’d rather leave the government-sponsored enterprises in conservatorship than pass a bill that includes specific government support for the housing market, Bloomberg reported March 25. Bloomberg noted the comments appear to confirm that the GSEs will remain under federal control for years.

 
Mar 25, 2015 12:30 PM

Report: Fannie, Freddie Might Need another Bailout

Fannie Mae and Freddie Mac may need another taxpayer bailout due to increased risks caused by shrinking reserves, according to a report from the Federal Housing Finance Agency Office of Inspector General, Reuters reported March 18. The government-sponsored enterprises received a $187 billion taxpayer bailout in 2008.

 
Mar 25, 2015 12:30 PM

AQB Adopts New State Background Check Requirements

The Appraiser Qualifications Board on March 20 adopted significant changes to the background check requirements of the Real Property Appraiser Qualification Criteria. The new requirements are modifications to original background check requirements adopted by the AQB in December 2011, which never took effect. The new requirements will take effect Jan. 1, 2017.

 
Mar 25, 2015 12:30 PM

Fed Prepares for Rate Increase, Downgrades Outlook

The Federal Reserve, citing its confidence in the U.S. economy, set the stage March 18 for its first rate hike since 2006 — at the same time it slightly downgraded its economic outlook, USA Today reported. The Fed said growth “had moderated somewhat” due to several factors, including a sluggish housing market.

 
Mar 18, 2015 12:30 PM

Report: Appraisers, Homeowners Differ on Opinions of Value

Appraisers’ opinions of home values dropped below homeowner estimates in February, the first time in 18 months that appraised value was not higher than homeowner opinion, according to the Home Price Perception Index released March 10 by mortgage lender Quicken Loans.

 
Mar 18, 2015 12:30 PM

Arizona Passes Law Eliminating Appraisal Board

Arizona Gov. Doug Ducey on March 12 signed into law SB 1480, legislation that eliminates the Arizona Board of Appraisal effective July 1. The ABOA’s administrative functions will be reassigned to the Department of Financial Institutions. Arizona joins a handful of states that don’t have an appraiser board or commission.

 
Mar 18, 2015 12:30 PM

Cleveland Fed: Rate Hike Needed ‘Soon’

Cleveland Federal Reserve President Loretta Meister told an association of business economists on March 9 that improved economic conditions indicate that the Fed should increase rates “soon,” Reuters reported. Mester said that while inflation remains weak, she is “reasonably confident” that prices will rise by the end of 2016.

 

AI Report Analyzes State Rules on Appraiser Background Checks

The Appraisal Institute announced March 11 that it has analyzed and compiled all state licensing and certification statutes and regulations pertaining to background checks for applicants seeking appraiser credentials and published them in the special report “State Requirements Regarding Background Checks for Real Estate Appraisers.”

 
Mar 11, 2015 12:30 PM

Beige Book: Residential, Commercial Markets Continue to Improve

The Federal Reserve Beige Book released March 4 showed continued improvements at a modest-to-moderate pace in most markets, with home sales and prices increasing in most districts. Commercial real estate also showed positive growth, with vacancy declining in some districts and construction increasing in others.

 
 
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