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Results: 99 Articles found.
Mar 04, 2015 12:30 PM

Court: Appraisers Don’t Need Access to Homes

The New York State Supreme Court’s Appellate Division in Rochester ruled that the city of Buffalo does not have the right to send appraisers into private homes without approval, the Buffalo News reported Feb. 23. The court said interior inspections violated homeowners’ privacy rights, which are protected by the Fourth Amendment.

 
Mar 04, 2015 12:30 PM

Cushman & Wakefield Looks for a Buyer

Commercial real estate firm Cushman & Wakefield is on the market, and banks Goldman Sachs and Morgan Stanley have been hired to help it find a buyer, Bloomberg reported Feb. 24. The firm is majority-owned by Exor SpA, and they are seeking approximately $2 billion and a buyer that isn’t a direct competitor.​

 
Mar 04, 2015 12:30 PM

Yellen Says Rates May Rise with Low Inflation

Federal Reserve Chair Janet Yellen told the House Financial Services Committee Feb. 25 that the central bank could raise interest rates before inflation goes up, provided price increases move ahead and the job market picks up, USA Today reported.

 
Feb 25, 2015 12:30 PM

Survey: Appraisers Want Collateral Underwriter Transparency

Nearly 90 percent of appraisers responding to the Illinois Coalition of Appraisal Professionals’ Collateral Underwriter survey said they think Fannie Mae should make the CU process transparent and nearly 70 percent said they would raise fees to cover extra work required by CU, the organization reported Feb. 18.

 
Feb 25, 2015 12:30 PM

ASB Adopts Changes to 2016-17 USPAP

The Appraisal Standards Board on Feb. 6 adopted modifications to the Uniform Standards of Professional Appraisal Practice for 2016-17. The action followed a 19-month process during which four exposure drafts were issued, as well as another one on proposed Advisory Opinions; the Appraisal Institute provided input to ASB during the process.

 
Feb 25, 2015 12:30 PM

Attorney General Targets Banking Executives

U.S. Attorney General Eric Holder announced Feb. 17 that he gave federal prosecutors 90 days to determine whether cases can be brought against top bank executives and other individuals whose misconduct in the pooling and sale of residential mortgage-backed securities contributed to the 2008 financial crisis, Reuters reported.

 
Feb 18, 2015 12:30 PM

Study: Appraisers, Homeowners Agree on Home Values

Mortgage lender Quicken Loans reported Feb. 10 that appraisers’ opinions of home values in January were nearly identical to those held by homeowners; the gap was 0.18 percent, with appraisers offering a slightly higher opinion of value, according to the Home Price Perception Index.

 
Feb 18, 2015 12:30 PM

Military Members Receive $123 Million for Illegal Foreclosures

Mortgage servicers that are part of the National Mortgage Settlement are required to pay out $123 million in relief to compensate 952 U.S. service members whose homes were illegally foreclosed on, HousingWire reported Feb. 10.

 
Feb 18, 2015 12:30 PM

HUD Secretary Challenged on Mortgage Insurance Premiums

U.S. Department of Housing and Urban Development Secretary Julian Castro was grilled by House Republicans during a Feb. 11 hearing on the Federal Housing Administration’s plan to reduce mortgage insurance premiums, The Hill reported.

 
Feb 11, 2015 12:30 PM

Fannie Clarifies CU Details; AI Wants More Answers

Fannie Mae clarified key details of its new Collateral Underwriter tool in a Feb. 4 lender letter, noting that CU does not accept or reject appraisal reports or characterize such reports as “good” or “bad.” The Appraisal Institute sees the clarifications as a necessary step because it has received numerous questions about CU.

 
 
Results: 99 Articles found.

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