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Feb 21, 2018 12:30 PM

Office Vacancies Hit 10-year Low: Transwestern

Office vacancies in major U.S. metro areas reached a 10-year low in December, according to commercial real estate firm Transwestern, GlobeSt.com reported Feb. 12. The nationwide vacancy rate was 11.5 percent. The Dallas/Fort Worth area had the highest quarterly and annual net absorption rates.

 
Feb 21, 2018 12:30 PM

CRE and Multifamily Originations Are Expected to Decline: Report Shows

Commercial and multifamily originations this year are expected to total around $549 billion, a 3 percent drop from last year, the Mortgage Bankers Association reported Feb. 15. Factors contributing to the decline include rising interest rates and pressure on capitalization rates.

 
Feb 21, 2018 12:30 AM

Fannie Mae Says Tax Cuts Hurt, $3 Billion in Treasury Assistance Needed

Fannie Mae will need $3.7 billion from the U.S. Treasury to prevent its net worth from becoming negative in March, Bloomberg reported Feb. 14. The government-sponsored enterprise hasn’t required taxpayer funding since 2012, but newly passed cuts to corporate taxes led to a $6.5 billion fourth-quarter loss.

 
Feb 14, 2018 12:30 PM

CFPB Strategic Plan Shows Limited Responsibilities and Enforcement Goals

The Consumer Financial Protection Bureau on Feb. 12 released its five-year strategic plan that states its goal is to “fulfill the Bureau’s statutory responsibilities, but go no further.” The plan draws directly from the Dodd-Frank Act and refocuses the CFPB’s mission as regulating consumer financial products and services under existing federal law.

 
Feb 14, 2018 12:30 PM

FHFA Announces New Fannie, Freddie Housing Goals

The Federal Housing Finance Agency on Feb. 6 announced new housing goals for Fannie Mae and Freddie Mac for 2018-20. The goals for single-family homes remain largely unchanged, but the goals for multifamily properties call for increased mortgage purchases for properties with affordable units.

 
Feb 14, 2018 12:30 PM

US Takes Lenders to Task Over VA Loans

The U.S. warned nine lenders that they may be kicked out of a top mortgage program unless they stop rapid refinancing of veterans’ mortgage loans, Bloomberg reported Feb. 8. A probe by Ginnie Mae found that some lenders are enriching themselves through repeated, unnecessary and costly refinancing actions.​

 
Feb 07, 2018 12:30 PM

Appeals Court Reverses Itself, Says CFPB Structure is Constitutional

The D.C. Circuit Court of Appeals on Jan. 31 ruled that the Consumer Financial Protection Bureau is constitutionally structured, reversing a 2016 decision in which the court ruled that the CFPB's structure gave the director too much power — more than any other government agency, ABA Banking Journal reported.

 
Feb 07, 2018 12:30 PM

FHFA Releases 4-year Strategic Plan

The Federal Housing Finance Agency on Jan. 29 released its strategic plan for 2018-22, which calls for safe and sound operation of its regulated entities, ensuring liquidity and accessibility in housing finance and managing its conservatorship of Fannie Mae and Freddie Mac.

 
Feb 07, 2018 12:30 PM

Massachusetts Has Most LEED-certified Space Per Capita: USGBC

Massachusetts topped the list of states with the greatest amount of green, reporting 130 LEED certifications that equate to 4.48 square feet of LEED-certified space per resident, the U.S. Green Building Council reported Jan. 31. New York and Illinois rounded out the top three on the list.

 
Jan 31, 2018 12:30 PM

Leaked CFPB Memo Reveals New Mission, End of Regulation by Enforcement

A leaked Jan. 23 memo attributed to the Consumer Financial Protection Bureau’s Acting Director, Mick Mulvaney, said the bureau’s mission going forward will be ending regulation by enforcement and its focus will shift from protecting consumers to protecting the industry, HousingWire reported.

 
Jan 31, 2018 12:30 PM

Supreme Court Hops into Property Rights Case

The Supreme Court will hear a case in which Weyerhaeuser Co. is challenging the state of Louisiana’s power to potentially erase $34 million in land value by designating 1,500 privately owned acres of forest land as critical habitat for an endangered frog species, Roll Call reported Jan. 23.

 
Jan 31, 2018 12:30 PM

New Pennsylvania Law Requires Licenses for all Non-bank Servicers

A new Pennsylvania law authorizes the Department of Banking and Securities to mandate that non-bank servicers become licensed to operate in the state, HousingWire reported Jan. 24. Gov. Tom Wolf on Dec. 22 signed SB 751, which requires lenders to be licensed by June 30.

 
Jan 24, 2018 12:30 PM

Fed Beige Book Shows Mixed Results for Residential, Commercial Sectors

Most Fed districts reported low housing activity due to constrained housing inventory — an ongoing concern — while non-residential activity continued to experience slight growth, the Fed reported Jan. 17 in its newest Beige Book.

 
Jan 24, 2018 12:30 PM

Senate Confirms Powell as Federal Reserve Chair

The Senate on Jan. 23 confirmed Jerome Powell as chairman of the Federal Reserve, DSNews reported. Powell will take over from Janet Yellen when her term expires in February. Powell said he supports current Fed policies that call for gradual interest rate increases and has voiced his support of Dodd-Frank.​

 
Jan 24, 2018 12:30 PM

AG Targeting Pot Protection Laws Unnerves Real Estate Investors: Report

U.S. Attorney General Jeff Sessions’ decision to rescind Obama-era policy that allowed legalized marijuana to flourish without federal intervention has left investors — including those who launched real estate investment trusts — confused as to official policy and its effect on their portfolio valuations, National Real Estate Investor reported Jan. 12.

 
Jan 10, 2018 12:30 PM

FHFA Allows Fannie, Freddie to Hold Reserves for First Time Since 2008

The Federal Housing Finance Agency allowed the government-sponsored enterprises to each retain $3 billion in capital, a policy change agreed to in late December that enables Fannie Mae and Freddie Mac to maintain reserves for the first time since 2008, HousingWire reported Dec. 29.

 
Jan 10, 2018 12:30 PM

Net Lease Cap Rates Expected to Rise, Survey Reveals

Net lease cap rates are expected to increase this year anywhere from 25 basis points to 50 or more, according to respondents who participated in a survey conducted by commercial real estate firm The Boulder Group, GlobeSt.com reported Jan. 3.

 
Jan 10, 2018 12:30 PM

Solid CRE Market Expected in 2018: MBA

Seventy-eight percent of commercial/multifamily firms expect originations to increase this year, and approximately half reportedly are planning to increase originations by at least five percent, according to the Mortgage Bankers Association’s 2018 CREF Outlook Survey released Jan. 4.

 
Jan 04, 2018 08:00 AM

Appraisal Institute Officers Outline 2018 Plans: Valuation Magazine

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

 
Dec 28, 2017 08:00 AM

Jim Murrett to Become President of Appraisal Institute on Jan. 1

James L. Murrett, MAI, SRA, of Hamburg, New York, 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 19,000 professionals in almost 60 countries.

 
Dec 21, 2017 12:35 PM

New Appraisal Institute Book Addresses Subdivision Valuation Practices

Subdivision analysis is a challenging area of appraisal practice because of the complex timeline concepts and value estimates involved, according to a new book published by the Appraisal Institute.

 
Dec 20, 2017 12:30 PM

Connecticut Has Nation's Most Expensive Office Market: Report

Fairfield County, Connecticut, is the priciest office market in the U.S. with an average cost of $17,414 per workstation, according to the Office Space Across the World report released Dec. 8 by real estate services firm Cushman & Wakefield. Other top cities: San Francisco; New York; and San Jose, California.

 
Dec 20, 2017 12:30 PM

Tech Firms Have 'Outsized' Effect on Premium Office Space: JLL

Technology companies are having an "outsized" impact on the nation's most desirable office properties, supplanting finance and law firms as the typical lessees of premium space, according to commercial real estate services firm JLL, MBA NewsLink reported Dec. 13. Five of the top 10 costliest streets are in tech hubs.

 
Dec 20, 2017 12:30 PM

Demand for Student Housing to Stay Strong, Census Data Show

Estimates show that by 2035 there will be 31 million people in the U.S. aged 18 to 24, which will create ongoing demand for student housing, according to data from the U.S. Census Bureau, National Real Estate Investor reported Dec. 12.

 
Dec 20, 2017 08:00 AM

Valuing Flood-prone Buildings Poses Challenges: The Appraisal Journal

Remodel and repair of structures along coastlines and in flood zones requires valuation professionals to have extensive knowledge, according to an article published this week in The Appraisal Journal.​

 
Dec 13, 2017 12:30 PM

FHA to Stop Purchasing Loans with PACE Assessments

The Federal Housing Administration announced Dec. 7 that it would stop issuing mortgages on properties that include Property Assessed Clean Energy assessments. The decision is part of a broader effort to protect the agency's Single Family Mutual Mortgage Insurance Fund, which has a net worth of $25.6 billion.

 
Dec 13, 2017 12:30 PM

Ginnie Mae Targets Lenders Who Prey on Veterans

Ginnie Mae announced Dec. 7 that it is going after lenders that pressure veterans into mortgage refinancing they don't need and that offer rates 1.5 points above market, Bloomberg reported. Ginnie Mae guarantees payment on $2 trillion in mortgage-backed securities, including loans made through the U.S. Department of Veterans Affairs.

 
Dec 13, 2017 12:30 PM

CoStar, Xceligent Engaged in Settlement Talks

Analytics firms CoStar and Xceligent are purported to be in advanced discussions to settle a year-long intellectual property lawsuit, Bisnow reported Dec. 6. A court order prohibits both parties from discussing a potential settlement of the suit in which CoStar accused Xceligent of stealing its proprietary data.

 

GSEs Owe Billions; FHFA Fighting to Pay Much Less

Fannie Mae and Freddie Mac owe the government $7.7 billion by the end of the year, but their regulator, the Federal Housing Finance Agency, is negotiating with the White House to pay a significantly smaller sum to give the government-sponsored enterprises a buffer against future losses, Bloomberg reported Nov. 29.

 

FHFA to Increase Conforming Loan Limits for 2018

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

 
Dec 01, 2017 12:30 PM

Banks Delayed Foreclosures to Influence Dodd-Frank, Research Shows

Banks servicing delinquent mortgages in 2009 and 2010 are alleged to have delayed foreclosure proceedings in electoral districts of then-members of the House Financial Services Committee to influence congressional action on Dodd-Frank, according to research from Georgetown University, Ohio State University, Rutgers University and the Federal Reserve in Chicago, MarketWatch reported.

 
Dec 01, 2017 12:30 PM

Keeping Inflation Below 2 Percent is Major Fed Challenge, Yellen Says

Third quarter core inflation was 1.3 percent, up from 0.9 percent the second quarter, and keeping inflation under 2 percent is one of the Fed's biggest challenges, outgoing Federal Reserve Chair Janet Yellen told a New York University audience Nov. 21, MarketWatch reported.

 
Nov 17, 2017 08:00 AM

Appraisal Institute Seeks Presentation Proposals for 2018 Annual Conference

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, is accepting proposals by Dec. 1 – just two weeks away – for presentations at the organization’s 2018 Annual Conference, July 30-Aug. 1, at the JW Marriott in Nashville, Tennessee.

 
Nov 10, 2017 08:00 AM

Appraisal Institute Premieres Land Valuation Seminar

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, premiered a seven-hour educational seminar on land valuation issues today in Chicago.

 
Nov 08, 2017 12:30 PM

Airbnb Drives Up Rents, Home Prices, Research Shows

Home-sharing service Airbnb contributes to an increase in both rents and home prices by making it financially viable for homeowners to refrain from selling their house or finding a long-term renter, further reducing the already limited supply of available properties, according to researchers at UCLA, MarketWatch reported Oct. 31.

 
Nov 08, 2017 12:30 PM

Trump Committed to Ending GSE Conservatorship: VP's Economist

The Trump administration is committed to ending conservatorship of Fannie Mae and Freddie Mac, according to Mark Calabria, the vice president's chief economist, HousingWire reported. Speaking at a housing conference Nov. 1, Calabria said the current conservatorship agreement for the government-sponsored enterprises leaves taxpayers too exposed to the mortgage market.

 
Nov 08, 2017 12:30 PM

Lenders Optimistic About Agriculture Despite Lower Profits: Survey

Eighty-two percent of agriculture lenders reported a decline in farm profitability during the past year, but a reported 84 percent loan-approval rate indicates optimism about the agriculture sector, according to the Summer 2017 Agricultural Lender Survey released Oct. 31 by the American Bankers Association and the Federal Agricultural Mortgage Corp.

 
Nov 06, 2017 08:00 AM

Appraisal Institute Unveils 'Green' Commercial Valuation Course

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, premiered a two-day educational course on valuation of green commercial properties last week in Nashville, Tennessee.

 
Nov 02, 2017 11:30 PM

Stop Penalizing Banks for Innocent Mortgage Mistakes: HUD

U.S. Department of Housing and Urban Development Secretary Ben Carson said he wants to stop penalizing big banks for “innocent” mortgage lending mistakes, Bloomberg reported. Speaking Oct. 23 at a Mortgage Bankers Association conference, Carson said he wants lenders to help lower-income borrowers without fear of being sued by the federal government.

 
Nov 01, 2017 11:30 PM

Older Americans Disrupting Rental Markets, Census Data Shows

The rate at which Americans aged 55 and older entered the rental market increased 28 percent between 2009 and 2015, while the rate for those aged 34 and younger rose only 3 percent during the same six-year period, according to U.S. Census Bureau data released Oct. 17, RENTCafe reported.

 
Nov 01, 2017 12:30 PM

Federal Agencies Release Final Rule on Regulatory Capital Treatment

The U.S. Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation on Nov. 21 adopted a final rule to extend regulatory treatment applicable under the regulatory capital rules for certain items, including treatment of mortgage servicing assets.

 
Nov 01, 2017 12:30 PM

Court Finds Subcontractor Guilty of CoStar Data Theft

A Pennsylvania court on Oct. 23 ruled in favor of analytics firm CoStar, which alleged that its competitor Xceligent stole propriety data by hiring subcontractor RE BackOffice to hack CoStar’s websites and copy its contents, Bisnow reported. The court ordered RE BackOffice to pay CoStar all profits it received from Xceligent.

 
Oct 31, 2017 08:00 AM

Homeowners Should Winterize Now, Appraisal Institute Says

The nation’s largest professional association of real estate appraisers today advised homeowners to winterize their properties now for cold weather ahead to improve comfort, reduce costs and potentially increase value.

 
Oct 25, 2017 12:30 PM

Agencies Ease Appraisal Requirements in Hurricane Disaster Areas

Acting in response to hurricanes Harvey, Irma and Maria, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corp., the National Credit Union Administration and the Office of the Comptroller of the Currency announced Oct. 17 that they would temporarily ease appraisal requirements in major disaster areas.

 
Oct 25, 2017 12:30 PM

AI Advises on Disaster Appraisal Exemptions, Collateral Risks

The Appraisal Institute on Oct. 25 advised real estate appraisers servicing areas affected by recent disasters that the exemption from appraisal requirements issued by federal bank regulatory agencies does not itself reduce collateral risks. Rather, regulated financial institutions are seeking greater flexibility in reviewing loan applications and loans held in portfolios.

 
Oct 25, 2017 12:30 PM

Freddie Mac Updates Appraisal Requirements for Settlement Dates

Freddie Mac announced Oct. 18 that it updated the Federal Home Loan Mortgage Corp's appraisal policies, eliminating the requirement that a new appraisal be obtained when the settlement date is 120 days following the note date. Sellers will now have to certify that the property value is not less than the appraised value as of the appraisal's effective date.

 
Oct 18, 2017 12:30 PM

FEMA Slow to Map Flood Risks, Cabinet Agency Reports

The Federal Emergency Management Agency failed to map flood risks in a timely manner, giving homeowners the false impression that they don't need flood insurance, according to the U.S. Department of Homeland Security's internal watchdog, The Hill reported Oct. 9. FEMA currently has more than 240 mapping projects on hold.

 
Oct 18, 2017 12:30 PM

House Committee Considers Only Minor Changes to Dodd-Frank

When the House Financial Services Committee met Oct. 11, members discussed minor tweaks to the Dodd-Frank Act rather than the major changes suggested by President Trump, Bloomberg reported. The committee was slated to address about two dozen legislative proposals pertaining to financial regulations.

 
Oct 18, 2017 12:30 PM

Fed Minutes Reveal Anticipated Rate Hike Despite Low Inflation

Federal Reserve meeting minutes released Oct. 11 revealed that some Fed officials expressed concern about low inflation rates but that a December rate hike is still anticipated, HousingWire reported. The minutes also noted that the Fed has started selling the mortgage-backed securities it acquired as part of its quantitative easing program.

 
Oct 17, 2017 08:00 AM

Don’t Like Your Home’s Appraisal? Here’s What You Can Do

If consumers are unhappy with the appraisal of a home they’re buying or selling, they have options available to them, the president of the nation’s largest professional association of real estate appraisers said today.

 
Oct 11, 2017 12:30 PM

FHFA Implores Congress to Act on GSE Reform

Federal Housing Finance Agency Director Mel Watt on Oct. 3 told the House Financial Services Committee that the capital buffer for Fannie Mae and Freddie Mac will reach zero in less than three months without congressional action on housing finance reform, HousingWire reported. Future losses could require a taxpayer bailout.

 
Oct 11, 2017 12:29 PM

Wells Fargo Refunding Improper Mortgage Fees

Wells Fargo CEO Tim Sloan on Oct. 3 told the Senate Committee on Banking, Housing and Urban Affairs that the bank would refund borrowers who were improperly charged fees for mortgage rate lock extensions, HousingWire reported. Approximately 110,000 borrowers were charged nearly $98 million in fees between September 2013 and this past February.

 
Oct 11, 2017 12:29 PM

Net Lease Cap Rates Decline during Third Quarter

Retail, office and industrial net lease cap rates declined during the third quarter, marking a change from the two previous quarters during which they recorded increases, according to commercial real estate firm The Boulder Group, Commercial Property Executive reported Oct. 4.

 
Oct 04, 2017 12:30 PM

Appraisal Threshold Comments Reveal Divide

The comment period on the proposed rule to increase the commercial real estate appraisal threshold level closed Sept. 28, and the federal bank regulatory agencies received 70 comments. The Appraisal Institute and the American Society of Farm Managers and Rural Appraisers jointly submitted their opposition to the proposed increase.

 
Oct 04, 2017 12:30 PM

Fed Wants Rate Hikes Despite Weak Inflation

Federal Reserve Chair Janet Yellen on Sept. 26 said that the Fed should continue gradual rate increases even though the path of inflation remains in limbo, Reuters reported. Yellen said that the Fed may have been wrong about its inflation models and the strength of the labor market.

 
Oct 04, 2017 12:30 PM

FHFA Seeks Input on 2018-22 Strategic Plan

The Federal Housing Finance Agency announced Sept. 27 that it is seeking feedback on its strategic plan for the fiscal years 2018-22. The plan addresses the FHFA's priorities as regulator of the Federal Home Loan Bank System and conservator of Fannie Mae and Freddie Mac. Input is due by Oct. 27.

 
Sep 27, 2017 12:30 PM

ASC Releases Final Rule for AMC Fees; AI Reiterates Concerns

The Appraisal Subcommittee on Sept. 25 published the final rule on the Collection and Transmission of Annual Appraisal Management Company Registry Fees, which establishes the formula for transmitting registry fees to the ASC by states that elect to register and supervise AMCs. The Appraisal Institute reiterated its concern about the final rule.

 
Sep 27, 2017 12:30 PM

GSE Reform Coming Next Year, Treasury Says

The process of taking the government-sponsored enterprises out of conservatorship likely will begin next year — once the U.S. Department of the Treasury handles tax reform, Treasury Secretary Steven Mnuchin said during a Sept. 15 policy summit, HousingWire reported.

 
Sep 27, 2017 12:30 PM

Quantitative Easing Over, MBS Sales Begin, Fed Announces

The Federal Reserve announced Sept. 20 that it will begin monthly sales of the mortgage-backed securities it acquired as part of a policy known as quantitative easing, HousingWire reported. The Fed will start selling $4 billion in MBS per month, eventually reaching $20 billion per month.

 
Sep 26, 2017 08:00 AM

New Transportation Options Could Reshape Real Estate: Valuation

Innovations in transportation, like electric cars and “on demand” options, could significantly impact the valuation of real estate in the future, according to an article in Valuation magazine’s third quarter 2017 issue.

 
Sep 21, 2017 08:00 AM

Overhead Lines Have Little Impact on Property Values: The Appraisal Journal

Despite negative public perception, high-voltage overhead transmission lines have little impact on nearby property values, according to an article published this week in The Appraisal Journal.

 
Sep 20, 2017 12:30 PM

Freddie Mac Reveals HARP Replacement

Freddie Mac on Sept. 9 unveiled its Enhanced Relief Refinance Mortgage, which will replace the Home Affordable Refinance Program for mortgage applications received on or after Nov. 1, 2018, Mortgage News Daily reported. The program will have no loan-to-value limit for fixed-rate loans, and a maximum 105 LTV for adjustable-rate mortgages.

 
Sep 20, 2017 12:30 PM

Brian Montgomery Nominated to Head FHA

President Trump on Sept. 13 nominated Brian Montgomery to serve as commissioner of the Federal Housing Administration, HousingWire reported. He awaits Senate confirmation. Montgomery previously served in this capacity under President George W. Bush, and the White House cited his prior success as a reason for the current nomination.

 
Sep 13, 2017 12:30 PM

National Flood Insurance Program Gets 3-month Extension

President Trump on Sept. 8 signed a three-month extension to the National Flood Insurance Program, extending it through Dec. 8, HousingWire reported. The extension gives Congress more time to come up with a long-term financial solution to the program, which the Congressional Budget Office said is short $1.4 billion.

 
Sep 13, 2017 12:30 PM

Hurricane Harvey, Irma Damage Could Reach $290 Billion: Report

Hurricane Harvey is on track to be the nation’s costliest weather disaster, causing $190 billion in damage, according to a Sept. 11 report from AccuWeather. Hurricane Irma is not far behind, causing an estimated $100 billion in damage.

 
Sep 13, 2017 12:30 PM

Fed Beige Book Shows Mixed Activity Across Districts

Residential construction increased in many Fed districts in July and August while sales activity decreased during those months, the Federal Reserve reported Sept. 6 in its latest Beige Book. Commercial construction also grew, and sales activity showed a slight increase.

 
Sep 07, 2017 08:00 AM

Appraisal Institute Joins 35 Groups Seeking to Halt Appraisal Waivers

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, on Wednesday joined with nearly three dozen appraiser organizations in asking Congress to call on the Federal Housing Finance Agency to prevent Freddie Mac and Fannie Mae from issuing appraisal waivers.​

 
Sep 06, 2017 12:30 PM

SBA Seeks Appraisers to Aid Harvey Recovery Efforts

The U.S. Small Business Administration announced Sept. 5 that it is seeking appraisers and other professionals to help process an extraordinary number of disaster loan applications resulting from Hurricane Harvey. SBA is the federal government's primary source of lending to help homeowners, renters, businesses and nonprofit organizations recover from disasters.

 
Sep 06, 2017 12:30 PM

AI Guide Note Can Help Appraisers in Disaster Areas

As post-hurricane recovery efforts continue in Texas and Louisiana, the Appraisal Institute on Sept. 6 reminded appraisers assisting property owners and lenders in communities affected by Hurricane Harvey that they can find guidance in AI Guide Note 10: Development of an Opinion of Market Value in the Aftermath of a Disaster.

 
Sep 06, 2017 12:30 PM

Most Hurricane Victims Lack Flood Insurance: Consumer Group

About 80 percent of property owners impacted by Hurricane Harvey don't have flood insurance, according to the Consumer Federation of America, USA Today reported Aug. 29. And research firm CoreLogic estimated that nearly 1.2 million homes were built in areas with high/moderate flood risk but outside zones where flood insurance is required.

 
Aug 30, 2017 12:30 PM

Regulators Propose Basel III Delay

The Federal Reserve Board, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. on Aug. 23 issued a notice of proposed rulemaking to delay Basel III implementation for mortgage servicing assets for institutions with less than $250 billion in total consolidated assets, MBA NewsLink reported.

 
Aug 30, 2017 12:30 PM

Cap Rates Steady in Most Sectors: CBRE

Cap rates and returns were steady during the first half of the year and are expected to remain that way during the second half, according to the North America Cap Rate Survey from commercial real estate firm CBRE, GlobeSt.com reported Aug. 24.

 
Aug 30, 2017 12:29 PM

Zillow 'Zestimate' Lawsuit Dismissed

Zillow on Aug. 23 won dismissal of a federal lawsuit that challenged the accuracy of its "Zestimate" home valuation tool, Reuters reported. The lawsuit alleged that Zestimates constituted illegal appraisals and undervalued properties making them harder to sell. The court ruled that Zestimates were simply a starting point.

 
Aug 25, 2017 03:24 PM

Appraisal Institute Accepts CEO’s Resignation

The Board of Directors of the nation’s largest professional association of real estate appraisers accepted the resignation of Chief Executive Officer Frederick H. Grubbe, MBA, CAE, on Thursday after more than 10 years of service.

 
Aug 25, 2017 08:00 AM

Jeff Sherman Elected 2018 Appraisal Institute Vice President

Jefferson L. Sherman, MAI, AI-GRS, of Highland Heights, Ohio, was elected 2018 vice president of the nation’s largest professional association of real estate appraisers Thursday by its Board of Directors in Chicago.

 
Aug 23, 2017 12:30 PM

Freddie Mac OKs Appraisal Alternative for Some Mortgages

Freddie Mac announced Aug. 18 that it will utilize automated collateral evaluations to determine when an automated appraisal can supplant a traditional appraisal for new home mortgages and refinancing. ACE will be available Sept. 1 and use data from multiple listing services, public records and historical home values to determine collateral risks.

 
Aug 23, 2017 12:30 PM

Fannie Mae Eases Appraisal Requirements on Lower LTV Mortgages

Fannie Mae announced Aug. 18 that lenders can forego appraisals on some loans with low loan-to-value ratios as part a larger program that waives property inspection requirements on lower-LTV mortgages. Fannie Mae said it will continue to require full appraisals on most mortgages.

 
Aug 23, 2017 12:30 PM

PACE Loan Defaults on the Rise, Analysis Shows

Defaults on loans that are part of the Property Assessed Clean Energy program have increased, according to a Wall Street Journal analysis of tax data in 40 California counties, Dow Jones Newswire reported Aug. 15. Data shows roughly 1,100 borrowers missed two consecutive payments through June, compared to 245 last year.

 
Aug 16, 2017 11:30 PM

GSEs Fail Stress Test, May Require Future Bailout

The Federal Housing Finance Agency reported Aug. 7 that government-sponsored enterprises Fannie Mae and Freddie Mac failed stress tests and may need as much as $100 billion in assistance should another financial crisis hit, Bloomberg reported.

 

Lender PHH Fined $74M Over Defective Mortgages

Mortgage lender PHH will pay more than $74 million to resolve claims that it generated defective loans that were purchased by Fannie Mae and Freddie Mac, the U.S. Department of Justice announced Aug. 8, Reuters reported. The settlement is the latest between DOJ and lenders over faulty loans issued during the financial crisis.

 
Aug 16, 2017 12:30 PM

Wells Fargo to Pay $108M Over Veteran Refinance Fees

Wells Fargo agreed to pay $108 million to the federal government to settle accusations that it overcharged veterans who refinanced their mortgages, HousingWire reported Aug. 4. The bank was alleged to have collected unauthorized fees, which would have made some loans ineligible for Department of Veterans Affairs guarantees.

 
Aug 09, 2017 08:00 AM

Appraisal Institute Book Helps Value ‘Green’ Commercial Real Estate

Commercial real estate valuation professionals must master a new set of terminology and concepts to identify and understand “green” property characteristics and to recognize their effects on market demand and value, according to a new book published by the Appraisal Institute.

 
Aug 02, 2017 12:30 AM

FTC Grants Stay of its Complaint Over Louisiana Appraisal Laws

The Federal Trade Commission, which alleged May 31 that Louisiana's laws mandating how appraisal management companies pay appraisers amount to price-fixing, on July 28 granted the Louisiana Real Estate Appraiser Board's request for a stay to allow the state to repeal its laws and implement new policies, HousingWire reported.

 
Aug 02, 2017 12:30 AM

Feds to Raise Interest Rates, Unload Mortgage Bonds

The Federal Reserve is expected to reaffirm its commitment to increasing interest rates this year and begin selling mortgage bonds to gradually unwind its $4.5 trillion balance sheet, MarketWatch reported July 26. Job creation and economic growth has the Fed optimistic, but consumer spending is a concern.

 

Interest Rates Won't Be Set by LIBOR after 2021, FCA Head Says

The scandal-plagued London Interbank Offered Rate, which is used worldwide to set rates for mortgages, loans and other financial agreements, will be replaced by the end of 2021, CNBC reported July 27. The head of the Financial Conduct Authority said LIBOR will be replaced with a more reliable alternative.

 
Jul 26, 2017 12:30 PM

FTC Alleges Louisiana Appraisal Law Restricts Competition

The Federal Trade Commission alleged that Louisiana’s new law mandating how appraisal management companies pay appraisers amounts to price-fixing and rejected the state’s request to withhold enforcement actions so it could repeal the law and implement new policies, HousingWire reported July 25.

 
Jul 26, 2017 12:30 PM

Quicken Loans Fined $11 Million for Appraisal Tampering

A federal court found that Quicken Loans provided appraisers with inflated estimates of property values to secure higher-value loans, The Washington Post reported July 19. More than 2,750 plaintiffs filed a class-action suit claiming their loans were underwater from the start.

 
Jul 26, 2017 12:30 PM

Federal Banking Agencies Propose Raising CRE Appraisal Threshold

The Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency on July 19 issued a notice of proposed rulemaking to increase to $400,000 the threshold for commercial real estate transactions requiring an appraisal.

 
Jul 19, 2017 12:30 PM

US Metro Markets Embracing Green Office Space, Study Shows

Nine of the top 10 cities in the annual Green Building Adoption Index have implemented energy benchmarking ordinances, and the number of office buildings with green certifications has risen, Commercial Property Executive reported July 10. The Index was produced by CBRE and Maastricht University in collaboration with the U.S. Green Building Council.

 
Jul 19, 2017 12:30 PM

FHFA Proposes Housing Goals for Fannie, Freddie

The Federal Housing Finance Agency on July proposed 2018-20 housing goals for Fannie Mae and Freddie Mac, which create new single-family and multifamily benchmarks for the government-sponsored enterprises. The current goals expire at the end of 2017, and comments on the new ones are due by Sept. 5.

 
Jul 19, 2017 12:30 PM

Single-Tenant Net Lease Cap Rates Increase, Real Estate Firm Reports

Single-tenant net lease cap rates increased across all asset classes in the second quarter, with cap rates for retail and office sectors increasing to 6.23 percent and 7.14 percent, respectively, according to commercial real estate firm, Boulder Group, MBA NewsLink reported July 13.

 
Jul 12, 2017 12:30 PM

Many Financial Regulatory Changes OK without Congress: Treasury

An official with the U.S. Department of the Treasury stated on June 22 that most of the 100-plus regulatory changes it's proposing can be made without congressional approval, MarketWatch reported. The official said Treasury needs to manage regulatory risk in preparation for the next financial crisis.

 
Jul 12, 2017 12:30 PM

VA Will Demolish or Reuse Vacant Properties within 2 Years

The U.S. Department of Veterans Affairs announced June 20 that it will demolish or plan the reuse of all its vacant buildings within 24 months. The VA currently holds 430 vacant or mostly vacant buildings with an average age of 60 years old that annually cost taxpayers more than $7 million to maintain.

 
Jul 12, 2017 12:30 PM

Report Shows Firms Slow to Adopt Lease Accounting Standards

Nearly 25 percent of affected companies have not begun implementing new lease accounting standards that were released 18 months ago and that take effect December 2018, according to real estate services firm CBRE and consultant PwC, MBA NewsLink reported July 6. The standards require lessees to reclassify their leases.

 
Jul 12, 2017 08:00 AM

Valuation Professional Receives Unique Honor from Appraisal Institute

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced it has – for the first time – bestowed its residential review designation to a previously non-Designated member.

 
Jun 29, 2017 08:00 AM

Evolving Retail Landscape Challenges Appraisers: Valuation Magazine

As retailers quickly evolve to stay competitive with ecommerce, appraisers should understand how these changes can affect the valuation of retail properties, according to an article published in Valuation magazine’s second quarter 2017 issue.

 
Jun 27, 2017 11:15 AM

Cart Paths Can Devalue Golf Course Condos: The Appraisal Journal

Golf course condominiums located near cart paths – especially those close to tee boxes and putting greens – can sell for lower prices than other golf course condos, according to an article published this week in The Appraisal Journal.

 
Jun 21, 2017 11:30 PM

Trump Administration Wants Wall Street Rules Overhauled

The Trump administration wants to ease but not eliminate rules that were imposed on Wall Street by the Dodd-Frank Act, according to a report released June 12 by the U.S. Department of the Treasury, Bloomberg reported. Included in the report is a request to reduce the power of the Consumer Financial Protection Bureau.

 
Jun 21, 2017 12:30 PM

Fed Raises Rates, Plans to Reduce Bond Holdings

The Federal Reserve on June 14 increased interest rates for the second time in three months and committed to reducing holdings of bonds and other securities this year, Reuters reported. The Fed's move shows confidence in the U.S. economy and job market.

 

Disney Alleges 'Excessive' Property Tax Assessments

Walt Disney Parks and Resorts filed suit over "excessive" 2016 property tax assessments, alleging that the appraiser's assessment of Magic Kingdom, Epcot and Hollywood Studios exceeded the properties' fair market value and incorrectly included the value of some intangible property, the Orlando Sentinel reported June 13.

 
Jun 14, 2017 12:30 PM

Fannie Mae Eases Debt-to-Income Requirement

Fannie Mae announced June 6 that it will ease its debt-to-income requirements, raising the ceiling from 45 percent to 50 percent starting July 29, a move that's expected to make it easier for more individuals — particularly millennials with significant student loan debt — to qualify for a mortgage. ​

 
Jun 14, 2017 12:30 PM

CRE Prices Return to Post-election Slump, Report Shows

Commercial property prices declined 10 basis points in May, marking a return to the market flattening the CRE sector experienced immediately following November's presidential election, according to online commercial real estate broker Ten-X, MBA NewsLink reported June 8.

 
Jun 14, 2017 12:30 PM

Report Shows May CMBS Issuance Up, Delinquencies Down

Commercial mortgage-backed securities issuance increased in May while the delinquency rate dropped, according to analytics firm Trepp and the Kroll Bond Rating Agency, MBA NewsLink reported June 7. May CMBS issuance was $8.1 billion — more than double April's $3.7 billion — bringing its year-to-date total to $24.3 billion.

 
Jun 12, 2017 08:00 AM

Appraisal Institute Honors 14 National Award Winners

William T. Anglyn, MAI, of Marietta, Georgia; and Donald S. Boucher Sr., SRA, of Orange, Virginia, were honored Saturday with the Appraisal Institute’s Lifetime Achievement Award and Woody R. Fincham, SRA, AI-RRS, of Charlottesville, Virginia, was named the recipient of the Outstanding Service Award during the International Valuation Conference in Ottawa, Ontario.

 
Jun 09, 2017 08:00 AM

Appraisers from around World Gather in Ottawa for International Valuation Conference

More than 600 appraisers from around the world assembled yesterday in the capital city of Canada for one of the largest networking and professional development opportunities within the real estate valuation profession.

 
May 31, 2017 12:30 PM

Fiduciary Rule Excluding Appraisals Takes Effect Soon

Major parts of the U.S. Department of Labor's fiduciary rule will take effect June 9, Investment News reported May 23. While the final rule excludes appraisals and fairness opinions, as requested by the Appraisal Institute, the DOL said it would address those issues later, but did not provide specifics.​

 
May 31, 2017 12:30 PM

AI Expresses Concern about Possible Appraisal Waivers

The Appraisal Institute was one of several organizations that met with officials from Fannie Mae and Freddie Mac on May 23 to discuss concerns about initiatives under consideration that would waive appraisals in purchase and refinance loan transactions. AI followed up its meeting with a letter to the government-sponsored enterprises reiterating its position against the waiver.

 
May 31, 2017 12:30 PM

Trump Budget Seeks Significant CFPB Funding Cuts

President Trump's proposed budget released May 23 calls for significant cuts to the Consumer Financial Protection Bureau and shifts appropriations from the Federal Reserve to Congress, HousingWire reported. The budget includes a $145 million cut to the CFPB next year, with cuts rising to more than $700 million by 2021.

 
May 24, 2017 11:30 PM

Dodd-Frank Overhaul Is Unlikely, McConnell Says

Senate Majority Leader Mitch McConnell told Bloomberg News May 16 that Congress is unlikely to make major changes to the Dodd-Frank Act due to lack of support from Democrats. McConnell specifically cited the need to help community banks because he believes they are unduly harmed by the legislation.

 
May 24, 2017 11:30 PM

More Banks Restrict CRE Lending, Fed Reports

Banks have tightened most credit policies on commercial real estate loans over the past year, the Federal Reserve reported May 12 in its Senior Loan Officer Opinion Survey on Bank Lending Practices, MBA NewsLink reported. Reasons cited for the tightening include uncertainty over CRE property prices, cap rates and vacancy rates.

 
May 24, 2017 12:30 PM

Freddie Mac Reports Strong Multifamily Fundamentals

Multifamily fundamentals remain strong, showing an annual increase in eight of the 14 major metropolitan markets that Freddie Mac tracks in its Multifamily Apartment Investment Market Index, which was updated May 16. Markets with the biggest index gains were Washington, D.C.; Atlanta; and Houston.

 
May 16, 2017 08:00 AM

Appraisal Institute Improves Tool to Aid Valuation of ‘Green’ Home Features

The nation’s largest professional association of real estate appraisers today released an updated research tool to assist appraisers and users of appraisal services in understanding market reactions to green and energy efficient homes.

 
May 11, 2017 08:00 AM

Low-cost Landscaping Can Boost Home Values: Appraisal Institute

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today reminded homeowners that inexpensive landscaping improvements can add to home values and help increase salability.

 
May 10, 2017 12:30 PM

Report Shows CRE Valuations on the Rise

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May 10, 2017 12:30 PM

House GOP Calls for Further Delay on Fiduciary Rule

Congressional Republicans are calling for an extended delay of the U.S. Department of Labor's fiduciary rule, which would, among other things, define who is considered a financial adviser, according to a letter submitted to Labor Secretary Alexander Acosta and signed by 124 House Republicans, Investment News reported May 2.

 
May 10, 2017 12:30 PM

Fed Leaves June Rate Hike on the Table

The Federal Reserve on May 3 kept interest rates unchanged and left open the possibility of a June rate hike, USA Today reported. The Fed cited job gains and reduced unemployment as causes for optimism, and said slowing first quarter economic growth is likely transitory.

 
May 03, 2017 12:30 PM

AI Lobbies to Modernize Appraisal Regulatory Process

More than 100 Appraisal Institute professionals will go to Capitol Hill May 4 to urge congressional support for the modernization of the appraisal regulatory process.

 
May 03, 2017 12:30 PM

Tennessee Governor Signs Law Protecting Appraisers

On April 28, Tennessee Gov. Bill Haslam signed into law HB 376 that will establish a new statute of limitations regarding civil lawsuits and disciplinary actions against real estate appraisers.

 
May 03, 2017 12:30 PM

GSEs Should Maintain Funds, Community Bankers Say

The Independent Community Bankers of America on April 25 released a white paper calling for the government-sponsored enterprises to keep their capital reserves instead of the current plan of drawing them to zero in 2018, HousingWire reported. ICBA supports the GSEs maintaining their funds to avoid a potential bailout in the future.

 
Apr 26, 2017 08:00 AM

Appraisal Institute Supports Bill Enhancing Consumer Protections for PACE Loans

The Appraisal Institute joined more than two dozen other real estate organizations Monday in expressing support for federal legislation that would enhance consumer protection requirements for Property Assessed Clean Energy loans, known as PACE loans.

 
Apr 26, 2017 12:30 AM

Appraisal Institute Supports Legislation to Modify PACE Loans

The Appraisal Institute was among more than two dozen real estate trade organizations April 24 announcing their support of S 838/HR 1958, the Protecting Americans from Credit Entanglements Act of 2017 – legislation that would modify consumer protection requirements for Property Assessed Clean Energy loans, known as PACE loans.

 
Apr 26, 2017 12:30 AM

House Introduces Another Alternative to Dodd-Frank, CFPB

The House Financial Services Committee on April 19 unveiled the updated version of the Financial CHOICE Act, which would replace the Dodd-Frank Act and significantly alter the Consumer Financial Protection Bureau, HousingWire reported. A hearing to discuss the Act is scheduled for this week.

 
Apr 26, 2017 12:30 AM

Beige Book Shows Varied Commercial, Residential Activity

Commercial and residential real estate activity was mixed in most districts in March, the Federal Reserve reported April 19 in its newest Beige Book. Office construction was restrained across most markets while apartment construction was strong. On the residential side, districts reported a shortage of both single-family homes and condos.

 
Apr 19, 2017 12:30 PM

CRE Executives Expect Cap Rates to Increase

Sixty-seven percent of commercial real estate executives said they expect cap rates to increase over the next 12 months because of rising interest rates, according to the National Real Estate Investor’s Office CRE Market Study released April 10. Only 16 percent said they expect cap rates to decrease. ​

 
Apr 19, 2017 12:30 PM

Reis Reports Steady Retail Sector Despite Store Closures

Store closures have had little overall effect on retail real estate statistics, with rents increasing slightly across most retail properties, including malls and neighborhood and community shopping centers, according to the Retail Sector Trends report from commercial real estate data firm Reis, MBA NewsLink reported April 13.

 
Apr 19, 2017 12:30 PM

Industrial is becoming the hottest commercial real estate sector thanks to e-commerce trends causing atypical growth in rents and property values, according to analytics firm MSCI, Commercial Property Executive reported April 13. Industrial prope

Industrial is becoming the hottest commercial real estate sector thanks to e-commerce trends causing atypical growth in rents and property values, according to analytics firm MSCI, Commercial Property Executive reported April 13. Industrial property values last year rose 11.7 percent compared to the 7.7 percent CRE average.

 
Apr 18, 2017 08:00 AM

Lower-cost Home Renovations Offer Best Value: Appraisal Institute

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today advocated that homeowners pursue smaller-scale renovation projects in order to maximize their potential return on investment.

 
Apr 12, 2017 11:30 PM

Infrastructure Bill May Include HUD Funding, Agency Reports

The Trump administration will seek to add housing funding to its upcoming infrastructure spending bill, according to U.S. Department of Housing and Urban Development Secretary Ben Carson, The Washington Post reported April 3. President Trump reportedly is considering cutting $6 billion from the HUD budget.​

 
Apr 12, 2017 12:30 PM

Trump to CEOs: Dodd-Frank is Target for Major Overhaul

President Trump told a gathering of CEOs at the White House April 4 that the era of "horrible regulations" is coming to an end, specifically citing the Dodd-Frank Act as a target for regulatory reform, HousingWire reported. The president said he sees Dodd-Frank as an impediment to the banking industry.​

 
Apr 12, 2017 12:30 PM

Chase Says Servicing Rule Changes May Add $300B in Mortgages

JPMorgan Chase sees the possibility of generating an additional $300 billion in mortgages annually if the U.S. Department of the Treasury and government agencies established service standards to simplify mortgage origination and servicing, according to Chase CEO Jamie Dimon, HousingWire reported April 4.

 
Apr 06, 2017 08:00 AM

New Appraisal Institute Book Addresses Challenges of Valuing Mobile Homes

The popularity of mobile homes and recreational vehicles will continue to grow as manufacturers offer new design concepts and aging baby boomers look for affordable housing and travel options, according to a new book by the Appraisal Institute.

 
Apr 04, 2017 01:58 PM

Appraiser Independence Critical to Veterans’ Home Loans, Appraisal Institute Tells Congress

The nation’s largest professional association of real estate appraisers today urged Congress to protect the independence of real estate appraisers in the federal program that provides housing loans to military veterans. The Appraisal Institute testified at a Congressional subcommittee hearing on Capitol Hill.

 
Mar 28, 2017 08:00 AM

Fracking Can Help, Harm Real Estate Values: The Appraisal Journal

Hydraulic fracturing, or fracking, could make land more valuable due to mineral interests, but environmental concerns could negatively affect land values, according to an article published this week in The Appraisal Journal.

 
Mar 22, 2017 12:30 PM

Real Estate Markets Suffer Without Flood Insurance Program: FEMA

The Senate Banking Committee on March 14 held the first of several hearings on reauthorizing the National Flood Insurance Program. Roy E. Wright, deputy associate administrator for insurance and mitigation for the Federal Emergency Management Agency, testified that failure to reauthorize NFIP could hurt real estate and mortgage markets.

 
Mar 22, 2017 12:30 PM

Fed Implements First of Three Expected Rate Hikes

The Federal Reserve on March 16 raised its benchmark rate, signaling its commitment to three increases per year, National Real Estate Investor reported. The Fed cited an improving job market, moderate economic growth and increasing inflation as reasons for the hike, which isn't expected to significantly disrupt real estate capital markets.

 
Mar 21, 2017 02:12 PM

Appraisal Institute Urges Caution on Appraisal Thresholds

The nation’s largest professional association of real estate appraisers today cautioned federal regulators over increasing the transaction values requiring an appraisal, also known as the appraisal threshold.​

 
Mar 21, 2017 08:00 AM

Millennials Driving Multifamily Sector Boom: Valuation Magazine

Millennials have postponed home buying and are now in their peak renting years, creating a demand for multifamily properties that has pushed the sector to record-growth levels with no sign of slowing, according to an article published in Valuation magazine’s first quarter 2017 issue.

 
Mar 15, 2017 12:30 PM

Agency Report Delayed, Appraisal Questions Unanswered

Questions concerning appraisals and appraisal threshold levels remain unanswered more than two years after outreach and requests for comments were initiated by federal bank regulatory agencies regarding the final report they're required to submit to Congress that outlines potential regulatory relief for banks, the Appraisal Institute reported March 15.

 
Mar 15, 2017 12:30 AM

White House Financial Reforms Focus on Guidance, Not Rules

The White House's initial efforts at financial regulatory reform will focus on reversing guidance rather than formal rule-making because a significant amount of regulation during the Obama administration was made by guidance, according to the vice president's chief economist, Bloomberg reported March 7.

 
Mar 15, 2017 12:30 AM

Watchdog Says HUD Lacks Oversight for Down Payment Programs

Borrowers and the Federal Housing Administration insurance fund face "unnecessary risk" due to a lack of sufficient oversight into borrower-financed down payment assistance programs for FHA-insured loans, according to a report from the Office of Inspector General for the U.S. Department of Housing and Urban Development, HousingWire reported March 8.

 
Mar 14, 2017 08:00 AM

Documentation is Key to Tax Appeals, Appraisal Institute Says

Homeowners considering a property tax appeal can make the process less burdensome by preparing themselves with the proper documentation, the nation’s largest professional association of real estate appraisers said today.

 
Mar 08, 2017 12:30 PM

Interest Rates May Have Muted Effect on Cap Rates: Report

Interest rate increases this year are expected to have less of an impact on cap rates than originally anticipated, which could impact foreign investment in U.S. real estate, National Real Estate Investor reported March 1.

 
Mar 08, 2017 12:30 PM

Fannie, Freddie Reportedly Could Require another Bailout

Fannie Mae and Freddie Mac continue to lose capital because the U.S. Department of the Treasury takes most of the government-sponsored enterprises' earnings, an action that could necessitate another bailout, Politico reported Feb. 27. The Trump administration's plans for corporate tax reform could cause the GSEs to take large write-downs.

 
Mar 08, 2017 12:30 PM

Treasury Expands Money Laundering Investigation over Home Sales

Title insurance companies in designated geographic areas are now required to identify the person behind shell companies that pay cash for high-end U.S. residential real estate as part of the U.S. Department of the Treasury's Financial Crimes Enforcement Network's expanded investigation into money laundering, HousingWire reported Feb. 24.

 
Mar 01, 2017 12:30 PM

HUD Issues Fraud Alert for Appraiser Identity Theft

The U.S. Department of Housing and Urban Development's Office of Inspector General issued a Fraud Alert on Feb. 22 after uncovering a series of appraiser identity theft cases.

 
Mar 01, 2017 12:30 PM

Commercial, Multifamily Originations to Increase, Report Shows

Commercial and multifamily mortgage originations are expected to grow by 3 percent to $515 billion this year, the Mortgage Bankers Association reported Feb. 23. Multifamily should be especially strong, accounting for $219 billion of the expected total.

 
Mar 01, 2017 12:30 PM

NAR Forecast Shows Stable CRE Growth

The commercial real estate sector is expected to remain stable for the remainder of the year, the National Association of Realtors reported Feb. 23 in its quarterly commercial real estate forecast. The national vacancy rates for the office, industrial and retail sectors are expected to decline slightly.

 
Feb 21, 2017 08:00 AM

Registration Opens for 2017 International Valuation Conference

Registration is now open for the 2017 International Valuation Conference, co-hosted by the Appraisal Institute and the Appraisal Institute of Canada, on June 8-11 in Ottawa, Ontario. It is the first event the two organizations have co-hosted in 13 years.

 
Feb 08, 2017 08:00 AM

New Appraisal Institute Book Enhances Understanding of Rural Property Valuation

The American landscape is changing and rural communities are changing as well, yet there is a void in the current literature of rural property appraisal, according to a new book by the Appraisal Institute.​

 
Jan 26, 2017 08:00 AM

Appraisal Institute’s New Guidance Outlines Appraisers’ Role in Arbitration

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, published guidance today to help appraisers understand their role when retained in an arbitration. ​

 
Jan 06, 2017 08:00 AM

Appraisal Institute Outlines 2017 Plans: Valuation Magazine

The Appraisal Institute has the plans and momentum to address opportunities and challenges facing the real estate valuation profession, the organization’s 2017 elected officers said in an article published in Valuation magazine’s Fourth Quarter 2016 issue.

 
Aug 10, 2016 12:30 PM

CFPB Publishes 900-page Mortgage Lending Final Rule

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

 
Jul 27, 2016 02:42 PM

Court Revives Freddie Mac Subprime Suit

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

 
Jul 27, 2016 02:39 PM

‘Down-and-Out’ Neighborhoods Make a Rebound

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

 
Jul 27, 2016 02:32 PM

White House Unveils Clean Energy Initiative

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

 
 
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