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Results: 121 Articles found.
Jul 11, 2018 12:30 PM

Freddie Mac Now Allows ACE Eligibility for Condo Unit Purchases, Refis

Freddie Mac announced June 28 that consumers who purchase a condo or refinance an existing condo mortgage might be eligible for its automated collateral evaluation appraisal waiver. The ACE program, which launched in 2017 for single-family homes, gives eligible borrowers the opportunity to forgo a traditional appraisal.

 
Jul 11, 2018 12:30 PM

Pennsylvania Passes New Law Allowing Limited Broker Price Opinions

Pennsylvania Gov. Tom Wolf on June 29 signed HB 863, legislation that allows the state’s real estate brokers, associate brokers and salespeople to provide broker price opinions. The law takes effect Aug. 28 and places significant restrictions on those allowed to perform BPOs and limits the situations under which they may be performed.

 
Jul 11, 2018 12:30 PM

Mortgage Fraud Risk, Loan Application Defects Both Drop, Report Shows

Fraud and misrepresentation in mortgage loan applications dropped 2.4 percent between April and May, and was down 3.6 percent from the same point last year, according to the Loan Application Defect Index released July 2 by settlement services firm First American Financial Corp., MBA NewsLink reported.​

 
Jun 27, 2018 12:30 PM

Court Finds Tax Appeal Attorneys Not Engaged in Appraisal Practice

The Circuit Court of Cook County, Illinois (Chancery Division) on June 20 ruled that attorneys who referenced comparable property valuations and market values based on an income approach as part of tax appeal proceedings were simply engaged in the traditional practice of law and not in appraisal practice.

 
Jun 27, 2018 12:30 PM

Banks Aggressively Seeking New Customers for CRE Loans, CBRE Reports

It's getting easier to secure construction loans for commercial real estate as banks are starting to compete for new customers, according to commercial real estate firm CBRE, National Real Estate Investor reported June 19. However, loan amounts are relatively small compared to total development project costs.

 
Jun 27, 2018 12:30 AM

Seattle Top Metro for Commercial Real Estate Investment, Report Shows

Seattle is the top metro for commercial real estate investment while New York is the worst, according to the Metro Investment Rankings Index from real estate advisory firm Situs, MBA NewsLink reported June 21. The index surveyed investors about the price/value of CRE assets for different markets and property types.

 
Jun 20, 2018 12:30 PM

Fed Sees Strong Economy and Raises Rates, Drops Crisis-era Policies

The Federal Reserve on June 13 increased interest rates a quarter of a percentage point, indicating it would tolerate inflation above 2 percent and was dropping crisis-era guidance, Reuters reported. Low unemployment and inflation were key factors in the decision.

 
Jun 20, 2018 12:30 PM

Ohio Enacts Law Establishing AMC Oversight and Certification

Ohio Gov. John Kasich on June 14 signed Substitute House Bill 213, legislation that establishes the state's appraisal management company licensing and oversight program and makes minor changes to the state's existing appraiser licensing and certification law.

 
Jun 20, 2018 12:30 PM

Treasury, IRS Select Final 'Opportunity Zones' for Tax Incentive Program

The U.S. Department of the Treasury and the IRS announced June 13 that they have selected Opportunity Zones in all 50 states and the District of Columbia; the Opportunity Zones program provides federal tax incentives to spur investment in distressed communities. Nearly 35 million people live in the selected zones.

 
Jun 13, 2018 12:30 PM

Half of US Housing Markets are 'Overvalued,' CoreLogic Reports

More than half the nation's largest housing markets were overvalued in April, meaning home prices have topped long-term, sustainable levels, according to analytics firm CoreLogic, CNBC reported June 5.

 
 
Results: 121 Articles found.

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