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Results: 159 Articles found.
Sep 23, 2020 12:30 PM

GSEs Need Help Recovering Funds From COVID-19 Relief ProgramS

Government-sponsored enterprises Fannie Mae and Freddie Mac may face insolvency if they can’t recover some costs connected to their COVID-19 mortgage relief programs, Federal Housing Finance Agency Director Mark Calabria told lawmakers Sept. 16, ABA Banking Journal reported. Calabria said the GSEs would recover some fees through the controversial adverse market fee, which would apply to certain mortgage refinance transactions.

 
Sep 22, 2020 12:30 PM

Most Cities Not Seeing "Mass Exodus" Due to COVID-19: Data

Reports about the COVID-19 pandemic causing a mass exodus from major cities are generally unfounded, with most states seeing fewer people moving between March 11 and June 30 this year than last year, according to data from moving company platform Hire A Helper, Bloomberg reported Sept. 16. Those who did leave big cities relocated to other large metros.

 
Sep 22, 2020 12:30 PM

Housing Factors into Improved Economic Forecast: Fannie Mae

The full-year 2020 real GDP is forecast to contract by only 2.6%, down from the previous month’s forecast of 3.1%, Fannie Mae’s Economic and Strategic Research Group reported Sept. 15. The pace of existing home sales, which increased in July to a level not seen since 2006, was cited as one of the main reasons for the improved forecast.

 
Sep 16, 2020 12:30 PM

HUD Finalizes Revised Rule for "Disparate Impact" Claims

The U.S. Department of Housing and Urban Development on Sept. 4 finalized its revised standard for bringing “disparate impact” claims under the Fair Housing Act, ABA Banking Journal reported. The final HUD rule now is aligned with the Supreme Court’s 2015 decision in Texas Department of Housing and Community Affairs vs. Inclusive Communities Project.

 
Sep 16, 2020 12:30 PM

Hotel Firm Works with Facebook to Develop Property, Expects More Business Travel

Banking on the return of business travel, the lodging firm CitizenM signed a deal with Facebook to open a 240-room hotel adjacent to the tech giant’s campus in Menlo Park, California, National Real Estate Investor reported Sept. 4. CitizenM, which targets cities with significant tech and financial firms, is also planning properties in Seattle, Boston and San Francisco.

 
Sep 09, 2020 12:30 PM

AI Releases New Edition of Leading Appraiser Textbook

The Appraisal Institute on Sept. 2 announced the availability of “The Appraisal of Real Estate," 15th edition, in both hard copy and PDF formats. The comprehensive textbook includes updated content and new chapters on market analysis, highest and best use, identifying property rights and allocating value.

 
Sep 09, 2020 12:30 PM

California Legislation Clarifies Status of Appraisers as Independent Contractors

California Gov. Gavin Newsom on Sept. 4 signed AB 2257, legislation that clarifies how the state’s employment laws apply to services provided by state-licensed and state-certified real estate appraisers, allowing them to work as independent contractors.

 
Sep 09, 2020 12:30 PM

AI Project Team to Review VP Election Process, Seeks Input

The Appraisal Institute announced Sept. 10 that President Jefferson L. Sherman, MAI, AI-GRS, has appointed a project team to examine the organization’s vice presidential election process. The project team is chaired by Richard L. Borges II, MAI, SRA, AI-GRS, AI-RRS; and comprised of Ken P. Wilson, MAI, SRA; James L. Murrett, MAI, SRA; Heather M. Placer, MAI, SRA; and Lindel D. Schulze, MAI, AI-GRS.

 
Sep 02, 2020 12:30 PM

GSEs Maintain Appraisal Flexibilities, Forbearance Purchases

The Federal Housing Finance Agency announced Aug. 26 that government-sponsored enterprises Fannie Mae and Freddie Mac will extend its purchases of qualified loans in forbearance and loan origination flexibilities until Sept. 30. The extended flexibilities include alternative appraisals on purchase and rate-term refinance loans.

 
Sep 02, 2020 12:30 PM

All US Homes Have Flood Risk Scores; Results Are Alarming

The nonprofit research and technology group First Street Foundation launched an interactive website that offers flood risk data for more than 142 million U.S. properties, and Realtor.com will includes the scores in its listing information, CNBC reported Aug. 26. The forward-looking First Street data shows that 70% more homes are prone to flood risk that what’s reported by FEMA.

 
 
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