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Results: 75 Articles found.
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

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.

 
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.

 
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

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 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.

 

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.

 

CFPB Scrutinizing ‘Zombie Foreclosures’

The Consumer Financial Protection Bureau is starting to scrutinize mortgage servicers’ practice of starting foreclosures and then walking away from them, leaving homeowners who may already have vacated the property on the hook for mortgage debt, taxes and maintenance, National Mortgage News reported March 12.

 
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 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.

 
 
Results: 75 Articles found.

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