Appraisal Institute News | Appraisal Institute

Oct 31, 2018 12:30 PM

MBA Data Shows Multifamily Lending Reached New Record High Last Year

Multifamily lending last year reached a record $285 billion for buildings with five or more units — a 6 percent increase from the previous year, the Mortgage Bankers Association reported Oct. 25 in its annual multifamily lending market report. The top multifamily lenders were Wells Fargo, CBRE Capital Markets and JPMorgan Chase.

Oct 24, 2018 12:30 PM

Federal Agencies Release FAQs Clarifying Appraisal, Evaluation Rules

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation on Oct. 16 published answers to frequently asked questions about appraisals and evaluations for real estate transactions that are covered by the interagency appraisal rules.

Oct 24, 2018 12:30 PM

FHA Cites Appraisal Concerns Because of 'Technological Shortcomings'

“Technological shortcomings” are preventing the Federal Housing Administration from checking for mortgage defects on a number of loans, potentially leading to a rise in appraisal-related issues, the FHA commissioner told Mortgage Bankers Association conference attendees Oct. 15, HousingWire reported. The FHA previously identified “appraisal bias” issues with reverse mortgages.

Oct 24, 2018 12:30 PM

Report Shows Net Lease Cap Rates Increase, Expected to Remain Strong

Single-tenant net lease cap rates continued their upward trajectory, increasing 8 basis points during the third quarter, according real estate firm Calkain Companies, MBA NewsLink reported Oct. 18. The upward trajectory shows no sign of abating, with equilibrium between buyer and seller maintaining a robust net-lease market.

Oct 17, 2018 12:30 PM

US Commercial Real Estate Likely to Benefit from Revised NAFTA: CBRE

The likely replacement for the North American Free Trade Agreement is expected to increase the demand for U.S. commercial property, according to a special report from commercial real estate firm CBRE, MBA NewsLink reported Oct. 11. Industrial real estate should most benefit from the new trade agreement.

Oct 17, 2018 12:30 PM

Freddie Mac Offers Hurricane Michael Victims a Year of Mortgage Relief

Freddie Mac announced Oct. 10 that it will allow up to 12 months of mortgage forbearance for homeowners impacted by Hurricane Michael. The Category 4 storm was the third-most intense Atlantic hurricane ever to make landfall in the United States. Some analysts estimate property damage could cost the insurance industry up to $5 billion.

Oct 17, 2018 12:30 PM

A Recession is Possible, but Experts Say Housing Will Not Be the Cause

While the stock market remains volatile and another recession is possible, experts say that real estate likely won’t be the cause this time around, MarketWatch reported Oct. 10. Home prices have seen large gains in the last year, more renters are becoming buyers and builder confidence continues to increase.

Oct 10, 2018 12:30 PM

FHA Reports Appraisal Issues on 37 Percent of Reverse Mortgage Loans

The Federal Housing Administration announced Oct. 1 that its investigation into potential appraisal inflations on reverse mortgage loans found that 37 percent were off by at least 3 percent, HousingWire reported. From Oct. 1, 2018, to Sept. 30, 2019, FHA will require a second appraisal on loans the agency deems to possibly have elevated valuations.

Oct 10, 2018 12:30 PM

Multifamily Investors Expect Demand to Drop due to Construction Supply

Multifamily investor demand is currently high, but investors could see a change because rent growth went flat in August for the first time in six years due to large amounts of supply under construction, HousingWire reported Oct. 3.

Oct 10, 2018 12:30 PM

Mall, Lifestyle Center Sectors Unfavorable, CoStar Report Finds

Second quarter space absorption for mall and lifestyle centers is negative with an annual supply growth of 0.6 percent and demand at 0.2 percent, according to analytics firm CoStar, National Real Estate Investor reported Oct. 3.

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