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Results: 188 Articles found.
Apr 08, 2020 12:30 PM

AI Asks FHFA to Rethink Non-GSE Appraisal Requirements

The Appraisal Institute was one of four valuation organizations that urged the Federal Housing Finance Agency on April 6 to re-evaluate its current policies on interior and exterior inspection appraisals for refinance transactions not currently held by the government-sponsored enterprises.

 
Apr 08, 2020 12:30 PM

Appraisal Institute Addresses “Flawed” and “Inaccurate” White Paper on Fee Simple

“Conceptually flawed and factually inaccurate” is how the Appraisal Institute described the International Association of Assessing Officers’ white paper, “Setting the Record Straight on Fee Simple,” in its March 31 letter to the IAAO. AI cited inaccuracies and inconsistencies involving intended use/user, fee simple definition, body of knowledge guidance and in certain terms and conclusions.

 
Apr 08, 2020 12:30 PM

SBA Promotes Programs, Initiatives to Aid Business Owners

The Small Business Administration is promoting several programs and initiatives that were included in the Coronavirus Aid, Relief and Economic Security Act, known as the CARES Act, and are intended to assist businesses, including appraisal firms, the Appraisal Institute announced April 6. Among the programs are those for paycheck protection, EIDL loan advance, express bridge loans and debt relief.​

 
Apr 07, 2020 07:53 AM

Automated Valuation Models Need More Reliability: The Appraisal Journal

Since automated valuation model vendors use varying methodologies, valuation professionals should use caution when relying on AVM data, according to an article published this week in The Appraisal Journal.​

 
Apr 01, 2020 12:30 PM

GSEs, Agencies Issue Coronavirus Guidance for Appraisers

The government-sponsored enterprises, agencies and other policymakers have all issued valuation guidance since March 23 to help clarify how appraisers can perform their work during the coronavirus pandemic, and all new guidance is available on the Appraisal Institute’s coronavirus page.

 
Apr 01, 2020 12:30 PM

AI Asks Governors, Mayors for "Stay-at-Home" Exemptions

The Appraisal Institute joined four other real estate organizations March 25 in asking state and local government leaders to include appraisers among “essential services” exempted from stay-at-home or shelter-in-place orders issued during the coronavirus pandemic.

 
Apr 01, 2020 12:30 PM

Coronavirus Like "Major Snowstorm," Not Economic Depression, Bernanke Believes

Former Federal Reserve Chairman Ben Bernanke thinks the effect of the economic slowdown caused by the coronavirus is akin to that of a “major snowstorm” rather than a depression, CNBC reported March 25. Bernanke cited the Great Depression lasting 12 years and being caused by monetary and financial problems, as opposed to a health crisis that should be short-lived.

 
Mar 26, 2020 07:56 AM

Real Estate Groups Ask Governors, Mayors for Appraisal ‘Stay at Home’ Exemptions

The nation’s largest professional association of real estate appraisers joined four other real estate organizations March 25 in asking state and local government leaders to include appraisers among “essential services” exempted from stay-at-home or shelter-in-place orders issued during the coronavirus (COVID-19) pandemic.

 
Mar 25, 2020 12:30 PM

GSEs Ease Appraisal, Employment Verification Standards

The Federal Housing Finance Agency announced March 23 that Fannie Mae and Freddie Mac will ease standards for both property appraisals and employment verification in an effort to facilitate liquidity in the mortgage marketplace during the coronavirus outbreak, HousingWire reported. Specifically, the FHFA said appraisal alternatives will be used to prevent appraisers from having to inspect a home’s interior.

 
Mar 25, 2020 12:30 PM

AI Webinar Helps Appraisers Face Coronavirus Challenges

The Appraisal Institute announced March 24 that its free 90-minute webinar covering the latest appraisal developments on the coronavirus (COVID-19) pandemic is now available on AI’s website and on its YouTube channel.

 
 
Results: 188 Articles found.

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