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Results: 1352 Articles found.
Aug 10, 2021 02:30 PM

Appraisal Institute Honors 20 National Award Winners

J. Scott Robinson, MAI, SRA, AI-GRS, AI-RRS, of Salisbury, North Carolina (posthumously); Arlen C. Mills, MAI, SRA, SRPA, of Sonoma, California; Terrell R. Oetzel, MAI, of East Lansing, Michigan; and Jim Amorin, MAI, SRA, AI-GRS, of Chicago, were honored Tuesday with the Appraisal Institute’s Lifetime Achievement Award during the Appraisal Institute Annual Conference in Orlando, Florida.

 
Aug 10, 2021 08:00 AM

Chase Commits $3 Million to Appraiser Diversity Initiative

The Appraisal Institute, Fannie Mae and Freddie Mac today announced that Chase has made a $3 million commitment to the Appraiser Diversity Initiative. In addition to the Chase commitment, Freddie Mac has joined the Appraiser Diversity Initiative as a core partner, providing additional resources and adviser support.

 
May 26, 2021 12:30 PM

IRS Rejects Developer-led Attempts to Expand 8,700 Opportunity Zone Boundaries

Despite developer efforts to have boundaries expanded for nearly 8,700 opportunity zones, the IRS said the zones are established and not subject to change, The Real Deal reported May 17. Both developers and investors sought to expand the areas where opportunity zone investments — and tax breaks — could be claimed after Census Bureau maps were updated.

 
May 19, 2021 12:30 PM

IRS to Resolve "Significant Number" of Easement Claims

The IRS is expected to resolve a “significant number” of court challenges regarding tax deductions for conservation easements, with settlement offers involving the payment of taxes, interest and penalties, Bloomberg reported May 11. The IRS is cracking down on allegedly exaggerated easement deductions, investigating 28,000 taxpayers and challenging $21 billion in deductions from 2016 through 2018.

 
May 19, 2021 12:30 PM

OCC Launches Review of its own Regulations

The Office of the Comptroller of the Currency, which regulates the nation’s banks, is launching a review of its own regulatory standards, Michael J. Hsu, acting Comptroller of the Currency, announced May 10. As part of the review, the OCC is looking into capital, leverage, and liquidity regulations; the “disproportionate impact” of the pandemic on rural and minority communities; and risks associated with climate change.

 
May 19, 2021 12:30 PM

Senators Push CFPB to Reconsider Delaying Implementation of Qualified Mortgage Rule

Sens. Mark Warner (D-Va.) and Tim Scott (R-S.C.) sent a letter to the Consumer Financial Protection Bureau urging it to reconsider a plan to delay implementation of the General Qualified Mortgage Final Rule, HousingWire reported May 12. The senators noted that the Finale Rule is important because it provides an “appropriate balance” between providing consumer protection and making mortgage credit available.​

 
May 12, 2021 12:30 PM

Proposed Real Estate Tax Could Hit Smaller Investors: Report

President Biden is seeking higher taxes on real estate transactions with gains of more than $500,000 — so-called 1031 exchanges where investors defer paying taxes on real estate by rolling profits into their next property — but experts worry about the effect on smaller investors, in particular, CNBC reported May 3. The taxes would help fund the $1.8 trillion American Families Plan.

 
May 12, 2021 12:30 PM

Judge Tosses CDC Eviction Moratorium, Puts Ruling on Hold

A federal judge on May 5 threw out the Center for Disease Control and Prevention’s national moratorium on residential evictions, but agreed to hold the ruling while the government works to reverse the decision on appeal, Reuters reported. The judge said that a moratorium on evictions was not part of Congress’ intent to allow the CDC to help individuals during the coronavirus.

 
May 12, 2021 12:30 PM

Hospitality Sector Expected to Improve Over Summer as Part of Slow Recovery: Data

The occupancy rate for hotel properties remains flat, but the sector is expected to pick up once consumers start traveling this summer, according to analytics firms STR and Trepp, MBA NewsLink reported May 4. The number of hospitality properties delinquent on their loans or in some form of forbearance has declined, although the sector is expected to face a slow recovery.

 
May 05, 2021 12:30 PM

FHFA Low-income Refi Option Includes Appraisal Credit

The Federal Housing Finance Agency announced April 28 that Fannie Mae and Freddie Mac will implement a new refinance option for eligible low-income borrowers that is expected to save them $100-$250 per month. An appraisal credit of up to $500 from the lender will be included if a borrower doesn’t qualify for an appraisal waiver.

 
 
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