Appraisal Institute News | Appraisal Institute

Nov 28, 2018 12:30 PM

US Economy to Show Significant Drop Next Year, Goldman Sachs Predicts

Goldman Sachs expects the U.S. economy to slow in 2019, CNBC reported Nov. 19. The investment firm anticipates first quarter growth at 2.5 percent, but slowing to just 1.6 percent by the fourth quarter. However, the firm noted that the signs of a pending recession — overheating market and financial imbalances — haven’t materialized.

Nov 28, 2018 12:30 PM

FDIC Proposes 9 Percent Leverage Ratio for Basel III Exemption Limit

The Federal Deposit Insurance Corporation voted Nov. 20 to propose that community banks with a minimum leverage capital ratio of 9 percent automatically be deemed in compliance with mandated Basel III capital requirements of between 8 and 10 percent, ABA Banking Journal reported. FDIC also proposed exempting those institutions from complicated Basel III calculations.

Nov 28, 2018 12:30 PM

Multifamily Originations Down: MBA

Commercial and multifamily originations during the third quarter decreased 3 percent from the second quarter, with the greatest declines in the health care and retail sectors, according to the Mortgage Bankers Association, Mortgage Professional America reported Nov 20. Originations increased for multifamily and industrial properties.

Nov 21, 2018 12:30 PM

Appraisal Institute Encourages FHA to Strengthen HECM Appraisal Program

The Appraisal Institute on Nov. 20 submitted a letter to Federal Housing Administration Commissioner Brian Montgomery in response to the FHA’s requirement in certain situations of a second appraisal for its Home Equity Conversion Mortgage program, asking that the FHA reevaluate eligibility requirements for placement on the FHA Appraiser Roster.

Nov 21, 2018 12:30 PM

AI Strongly Rejects Proposed Residential Appraisal Threshold Increase

The Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve on Nov. 20 released a proposal to increase the threshold at which residential home sales require an appraisal to $400,000 from $250,000.

Nov 21, 2018 12:30 PM

Banks Continue to Ease Lending Standards, But Fed Says Its Not Enough

Banks continued to ease lending standards on both residential and commercial real estate loans in the third quarter but overall demand for those products was weak, according to the Federal Reserve’s Senior Loan Officer Opinion Survey on Bank Lending Practices released Nov. 15, HousingWire reported.

Nov 14, 2018 12:30 PM

Divided US Government Not Expected to Generate Major CRE Legislation

With a Republican-controlled Senate and a Democrat-controlled House of Representatives, no significant commercial real estate-related legislation is expected to pass, according to a GlobeSt.com analysis reported Nov. 7. Among the issues expected to stall: additional deregulation, further loosening of Dodd-Frank and more tax changes.

Nov 14, 2018 12:30 PM

FHFA Sets 2019 Multifamily Lending Caps for Fannie Mae, Freddie Mac

The Federal Housing Finance Agency announced Nov. 6 that the 2019 multifamily lending caps for Fannie Mae and Freddie Mac will remain virtually unchanged at $35 billion each. The caps are based on the FHFA’s estimates of next year’s multifamily originations market, which the agency anticipates will be relatively flat.

Nov 14, 2018 12:30 PM

Experts Say Co-working Space Wont Upend Office Sector or Threaten REITs

Shared workspace provider WeWork has 12.5 million square feet in its portfolio, but experts don’t see it and similar co-working firms as threats to real estate investment trusts because the firms don’t occupy enough space to replace traditional office landlords or long-term tenants, National Real Estate Investor reported Nov. 6.

Nov 07, 2018 12:30 PM

Weakening Housing Market Resembles 2006, Says Economist Robert Shiller

The S&P/Case-Shiller 20-city index released Oct. 31 showed that home price gains have moderated, with Robert Shiller saying the weakening market reminds him of 2006 before the bubble burst, MarketWatch reported. However, Shiller noted that he doesn’t expect a crisis as severe this time.

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