Appraisal Institute News

Nov 14, 2019 08:00 AM

Appraisal Institute Premieres Solar Photovoltaic Seminar

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, premiered a four-hour classroom seminar on developing the value of solar photovoltaic systems today in Chicago.

Nov 13, 2019 12:30 PM

Widespread Acceptance of Digital Mortgages Years Off: Fitch

Concerns over enforceability, technology and security could delay broad acceptance of digital mortgages for several years, according to ratings agency Fitch Ratings, HousingWire reported Nov. 5. While some government and mortgage industry entities have made progress, the use and acceptance of electronic promissory notes remains a big hurdle.

Nov 13, 2019 12:30 PM

WeWork May Leave Landlords with Empty Space, Bills: Report

Some landlords who signed leases with beleaguered co-working operator WeWork may be left with both vacant space and the bills for tenant improvements because the We Company structured its leases through LLCs that are not guaranteed by its holding company, according to real estate advisory firm George Smith Partners, National Real Estate Investor reported Nov. 12.

Nov 13, 2019 12:30 PM

FHFA Seeks Public Feedback on Fannie Mae, Freddie Mac UMBS Pooling Practices

The Federal Housing Finance Agency on Nov. 4 issued a Request For Input on pooling practices for Fannie Mae and Freddie Mac in preparation for new uniform mortgage-backed securities. The agency also is seeking input by Dec. 19 about other policies that might impact UMBS fungibility, including oversight of UMBS prepayment speeds and alignment.

Nov 06, 2019 12:30 PM

DOJ, HUD Ease Off False Claims Act, Eye More FHA Lending

The government will limit use of the False Claims Act against mortgage providers in pursuit of settlements related to Federal Housing Administration loans, Housing and Urban Development Secretary Ben Carson told attendees at the Mortgage Bankers Association Annual Conference Oct. 28 in Austin, Texas, HousingWire reported. HUD wants to coax big banks back to FHA lending.

Nov 06, 2019 12:30 PM

Fed Cuts Interest Rates, But Says No More Reductions Coming Unless Economy Worsens

The Federal Reserve on Oct. 30 cut interest rates for the third time this year, but Fed Chair Jerome Powell said that monetary policy is in a good place and no further rate reductions would occur unless the economy gets worse, Reuters reported. In contrast, President Trump is advocating further rate cutting.

Nov 05, 2019 08:00 AM

Appraisal Institute Seeks Speakers for 2020 Annual Conference

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, is accepting proposals for presentations at its 2020 Annual Conference, Aug. 3-5, at the JW Marriott in Orlando, Florida. The deadline is 5 p.m. CST Nov. 25.

Oct 30, 2019 12:30 PM

Fannie, Freddie Shareholders Could Be "Wiped Out:" FHFA

Mark Calabria, director of the Federal Housing Finance Agency, told the House Financial Services Committee Oct. 22 that he’s willing to “wipe out” Fannie Mae and Freddie Mac shareholders if necessary to protect taxpayers from another bailout, HousingWire reported. The government-sponsored enterprises have been in conservatorship since 2008.

Oct 30, 2019 12:30 PM

Supreme Court Will Hear Case on Constitutionality of CFPB

The Supreme Court announced Oct. 18 it will hear a case challenging the constitutionality of the Consumer Financial Protection Bureau, and a decision is expected by June, CNBC reported. The case alleges that the structure of the CFPB gives its director too much power, in violation of the Constitution’s separation of powers clause.

Oct 30, 2019 12:30 PM

Global Banking Outlook Dims; Reinvention Required to Survive Downturn: Report

Approximately 60% of global banks are not generating returns on equity and need to reinvent themselves to survive the next downtown, according to a report released Oct. 21 by consulting firm McKinsey. The firm suggests such tactics as ramping up risk-management systems, identifying new customer bases and building out digital talent bases and data analytics.

aidev

AI News

Appraisal Institute Premieres Solar Photovoltaic Seminar

Widespread Acceptance of Digital Mortgages Years Off: Fitch

WeWork May Leave Landlords with Empty Space, Bills: Report

FHFA Seeks Public Feedback on Fannie Mae, Freddie Mac UMBS Pooling Practices

DOJ, HUD Ease Off False Claims Act, Eye More FHA Lending

Fed Cuts Interest Rates, But Says No More Reductions Coming Unless Economy Worsens

Appraisal Institute Seeks Speakers for 2020 Annual Conference

Fannie, Freddie Shareholders Could Be "Wiped Out:" FHFA

Supreme Court Will Hear Case on Constitutionality of CFPB

Global Banking Outlook Dims; Reinvention Required to Survive Downturn: Report