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Results: 206 Articles found.
Jun 04, 2021 09:30 AM

Appraiser Diversity Initiative Sponsorship Program Seeks Applicants

The Appraisal Institute, in collaboration with Fannie Mae and the National Urban League, today announced it is seeking applicants for their Appraiser Diversity Initiative Sponsorship Program.

Jun 02, 2021 12:30 PM

White House Executive Order Reinstates Flood Risk Standards

President Biden on May 20 signed the Executive Order on Climate-Related Financial Risk, which reinstates the 2015 Federal Flood Risk Management Standard that was revoked under the Trump administration, the National Association of Home Builders reported. The FFRMS significantly expands floodplain areas without congressional oversight and mandates that climate-related financial risk be factored into underwriting standards.

Jun 02, 2021 12:30 PM

Biden Seeks $318 Billion for Housing in Infrastructure Plan

The Biden Administration announced May 26 that the American Jobs Plan will include $318 billion to produce or preserve more than two million affordable housing units around the country, Bloomberg CityLab reported. The proposal includes $105 billion in new tax credits, which should boost the number of affordable homes built and maintained every year.

Jun 02, 2021 12:30 PM

US Office Lease Growth Stalls Year-over-year While Vacancies Rise, Data Reveals

The average U.S. office lease rate was up just 0.2% year-over-year in April while the vacancy rate in the top 50 office markets hit 16%, according to data released May 24 by commercial research firm CommercialEdge. The data also showed that more than two-thirds of office space under construction is in urban submarkets.

May 27, 2021 08:00 AM

Appraisal Institute Offers Landscaping Tips for Homeowners

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged homeowners to hire an appraiser to offer ideas about how to enhance their property’s landscaping and potentially boost their sales price.

May 26, 2021 12:30 PM

House Passes Legislation Addressing FHA Appraisals

The House on May 18 passed HR 3008, the Homebuyer Assistance Act, legislation reintroduced by Reps. Brad Sherman, D-Calif., and Van Taylor, R-Texas, that would amend the National Housing Act and allow state-licensed appraisers to perform appraisals for mortgages insured by the Federal Housing Administration. The legislation would require compliance with existing appraiser education requirements.

May 26, 2021 12:30 PM

FHFA Submits Proposed Plan for Underserved Markets

The Federal Housing Finance Agency on May 19 published its proposed 2022-24 Underserved Markets Plan that outlines how Fannie Mae and Freddie Mac will serve the manufactured housing, affordable housing preservation and rural housing markets through increased liquidity of mortgage investments, MReport reported. The Duty to Serve also aims to facilitate a secondary market for low-income financing.

May 19, 2021 12:30 PM

IRS to Resolve "Significant Number" of Easement Claims

The IRS is expected to resolve a “significant number” of court challenges regarding tax deductions for conservation easements, with settlement offers involving the payment of taxes, interest and penalties, Bloomberg reported May 11. The IRS is cracking down on allegedly exaggerated easement deductions, investigating 28,000 taxpayers and challenging $21 billion in deductions from 2016 through 2018.

May 19, 2021 12:30 PM

OCC Launches Review of its own Regulations

The Office of the Comptroller of the Currency, which regulates the nation’s banks, is launching a review of its own regulatory standards, Michael J. Hsu, acting Comptroller of the Currency, announced May 10. As part of the review, the OCC is looking into capital, leverage, and liquidity regulations; the “disproportionate impact” of the pandemic on rural and minority communities; and risks associated with climate change.

May 19, 2021 12:30 PM

Senators Push CFPB to Reconsider Delaying Implementation of Qualified Mortgage Rule

Sens. Mark Warner (D-Va.) and Tim Scott (R-S.C.) sent a letter to the Consumer Financial Protection Bureau urging it to reconsider a plan to delay implementation of the General Qualified Mortgage Final Rule, HousingWire reported May 12. The senators noted that the Finale Rule is important because it provides an “appropriate balance” between providing consumer protection and making mortgage credit available.​

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