Appraisal Institute News

Dec 19, 2019 08:00 AM

Jefferson Sherman to Become President of Appraisal Institute on Jan. 1

Jefferson L. Sherman, MAI, AI-GRS, of Highland Heights, Ohio, 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 18,000 professionals in almost 50 countries.

Dec 18, 2019 12:30 PM

Fed to Maintain Rates in 2020, Barring Major Economic Change

The Federal Reserve on Dec. 11 voted to keep interest rates at their current levels and to maintain its path through 2020 — unless there’s a significant economic event, HousingWire reported. Fallout from the U.S.-China trade talks was cited as the primary reason for keeping rates in check.

Dec 18, 2019 12:30 PM

VA Loans More Than 40% of Ginnie Mae Mortgage Portfolio

Ginnie Mae reported Dec. 10 that VA loans make up 42% of its single-family mortgage bond issuance, and the agency now insures more than $2.1 trillion in total mortgages, HousingWire reported. A decade ago, VA loans only comprised 16.2% of Ginnie’s portfolio.

Dec 18, 2019 12:30 PM

CRE Space to Face Challenges, Opportunities in Coming Years: MBA White Paper

The office market should stay strong for several years due to strong job gains and stable market conditions, according to the white paper, “Where From Here?,” released Dec. 10 by the Mortgage Bankers Association. However, the paper noted that any change in consumer sentiment could influence the economy and demand for commercial space.

Dec 04, 2019 12:30 PM

FHFA Raises Conforming Loan Limits for Fannie, Freddie

The Federal Housing Finance Agency announced Nov. 26 that it will raise the conforming loan limit for Fannie Mae and Freddie Mac to $510,000, up from $484,350, Housing Wire reported. This will be the fourth consecutive annual increase, during which time the limit has increased by more than $93,000.

Dec 04, 2019 12:30 PM

Fed Beige Book Reveals Increased Construction Activity

Both residential and commercial construction activity was steady to moderately higher in most Fed districts during the past six weeks, but home sales remained mostly flat or showed only slight increases, the Federal Reserve reported Nov. 27 in its latest Beige Book. Overall economic activity showed modest expansion.

Dec 04, 2019 12:30 PM

Cap Rate Compression Expected to Stop as the 2020 Election Draws Closer: Experts

Cap rate compression in the current market likely will stop as the 2020 presidential election nears and investors re-evaluate their exposure to domestic and geopolitical risks, according to investment advisory firm National Net Lease Group, GlobeSt.com reported Nov. 27.

Nov 27, 2019 12:30 PM

FHFA to Again Propose Enterprise Capital Rule for GSEs

The Federal Housing Finance Agency announced Nov. 19 that it will once again propose capital requirements for Fannie Mae and Freddie Mac involving the “entire regulation,” a plan first proposed in 2018. The proposal is expected in 2020, and will coincide with the end of conservatorship for the government-sponsored enterprises.

Nov 27, 2019 12:30 PM

CFPB Reconsiders TRID Rule, Reviews Mortgage Disclosures

The Consumer Financial Protection Bureau announced Nov. 20 it will review the TILA-RESPA Integrated Disclosure Rule and may eliminate it. The bureau will consider public comments as it also evaluates modifying or expanding TRID, which has caused significant concern among mortgage and title companies.

Nov 27, 2019 12:30 PM

Industrial Real Estate Sector Starting to Exhibit Signs of Slowdown, Reis Data Shows

The industrial sector may be cooling off, according to real estate research firm Reis, National Real Estate Investor reported Nov. 21. Industrial tenants are expected to absorb about 50% less space over the next two years than was absorbed during the past two, and 18 markets saw negative net absorption during the third quarter.

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AI News

Jefferson Sherman to Become President of Appraisal Institute on Jan. 1

Fed to Maintain Rates in 2020, Barring Major Economic Change

VA Loans More Than 40% of Ginnie Mae Mortgage Portfolio

CRE Space to Face Challenges, Opportunities in Coming Years: MBA White Paper

FHFA Raises Conforming Loan Limits for Fannie, Freddie

Fed Beige Book Reveals Increased Construction Activity

Cap Rate Compression Expected to Stop as the 2020 Election Draws Closer: Experts

FHFA to Again Propose Enterprise Capital Rule for GSEs

CFPB Reconsiders TRID Rule, Reviews Mortgage Disclosures

Industrial Real Estate Sector Starting to Exhibit Signs of Slowdown, Reis Data Shows