Appraisal Institute News | Appraisal Institute

Jul 06, 2016 12:30 PM

Brexit Could Boost US CRE Investment

The U.K.’s exit from the European Union could be a boon to U.S. commercial real estate as investors pull capital out of U.K. properties and seek other markets in which to invest, National Real Estate Investor reported June 24.

Jul 06, 2016 12:30 PM

Supreme Court to Hear Predatory Lending Suit Against Banks

The U.S. Supreme Court announced June 28 that it will hear arguments during its next term about the city of Miami’s ability to sue lenders Bank of America and Wells Fargo for alleged predatory lending, HousingWire reported.

Jul 06, 2016 12:30 PM

NY Adopts Law to Combat Zombie Foreclosures

New York Gov. Andrew Cuomo on June 23 signed into law legislation that reforms the state’s foreclosure processes and imposes a pre-foreclosure duty on banks and servicers to maintain “zombie” homes — properties vacated as a result of foreclosure, HousingWire reported June 27.

Jun 22, 2016 12:30 PM

White House Releases Drone Regulations

The White House on June 21 released regulations for drone usage, including issuing aircraft weight and flight restrictions. Commercial operators will need to be vetted by the Transportation Security Administration and have to pass an aeronautical knowledge exam at an FAA-approved test center.

Jun 22, 2016 12:30 PM

Gap Between Homeowner, Appraiser Value Opinion Shrinks

Homeowner and appraiser opinions of property value grew closer in May, with appraiser valuations only 1.89 percent lower than homeowner estimates, down from 1.95 percent in April, Quicken Loans reported June 14 in its Home Price Perception Index.

Jun 22, 2016 12:30 PM

Fannie Mae Delays Desktop Underwriter Update

Fannie Mae announced June 21 that it will delay until late September its updates to the Desktop Underwriter program. The updates, which originally were slated for June 25, should provide more certainty to lenders while expanding access to credit and homeownership to a larger pool of borrowers.

Jun 15, 2016 12:30 PM

GSE Single Security on Track for This Year

Freddie Mac is expected to go live with its common securitization platform later this year while Fannie Mae will follow in 2018, Mortgage Orb reported June 1. The government-sponsored enterprises designed the single-security platform to enhance liquidity and stability in the secondary market.

Jun 15, 2016 12:30 PM

Fannie Mae Plans Significant Data Release on Modified Loans

Fannie Mae announced June 6 that it will release a huge collection of data on previously modified loans in its portfolio as part of its effort to securitize re-performing loans later this year, HousingWire reported. Fannie plans to release the data in July.

Jun 15, 2016 12:30 PM

Fannie Mae Plans Significant Data Release on Modified Loans

Fannie Mae announced June 6 that it will release a huge collection of data on previously modified loans in its portfolio as part of its effort to securitize re-performing loans later this year, HousingWire reported. Fannie plans to release the data in July.

Jun 15, 2016 12:30 PM

Republicans Detail Plan to Overhaul Dodd-Frank

Rep. Jeb Hensarling (R-Texas), chair of the House Financial Services Committee, on June 7 detailed a plan to dismantle major portions of the Dodd-Frank Act, The New York Times reported. The proposed Financial Choice Act would take significant authority away from regulators who oversee some of the nation’s largest financial institutions.

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