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Results: 116 Articles found.
Mar 23, 2018 11:16 AM

North Carolina Supreme Court Allows Brokers’ Fair Market Value Testimony

The North Carolina Supreme Court in an opinion filed March 2 held that real estate brokers may legally testify regarding the fair market value of real property in condemnation cases. The case involved the state's condemnation of approximately two acres of commercial property for a highway construction project.

Mar 23, 2018 11:14 AM

AI Backs Revisions as Senate OKs Banking Reform Bill

The Appraisal Institute led nearly three dozen valuation organizations in supporting revisions to a bipartisan Senate bill that passed March 14. The measure, which now goes to the House, rolled back many post-financial-crisis banking rules found in the Dodd-Frank Act.

Mar 23, 2018 11:12 AM

Appraisal Institute Partners with RESNET to Create Appraisal Portal

The Appraisal Institute on March 13 announced its partnership with the Residential Energy Services Network to launch an appraiser portal that allows AI professionals to access data for properties with Home Energy Rating System Index scores.

Mar 07, 2018 12:30 PM

FHA Expands Foreclosure Relief Options

The Federal Housing Administration on Feb. 26 told mortgage servicers to expand options for eligible disaster victims impacted by recent natural disasters in California, Florida, Georgia, Louisiana, Puerto Rico, South Carolina, Texas and the U.S. Virgin Islands. The FHA unveiled a "Disaster Standalone Partial Claim" option to help struggling borrowers.

Mar 07, 2018 12:30 PM

Fed Chair Testimony Reveals Support of Gradual Rate Hikes

During testimony before the House Financial Services Committee Feb. 27, Federal Reserve Chair Jerome Powell reiterated his commitment to stay the course on gradual rate hikes, Reuters reported. Powell noted how strong the economy has become, leading to speculation of a possible fourth rate increase this year.

Mar 07, 2018 12:30 PM

Report Shows Distress in CRE Market

Commercial real estate is in the late stable stage and showing signs of moderate distress, according to the State of the Real Estate Market report released March 1 by real estate advisory firm RCLCO, MBA NewsLink reported. However, the report noted there’s no impending downturn in real estate performance.​

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, 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.

Results: 116 Articles found.

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