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Results: 181 Articles found.
Sep 13, 2017 12:30 PM

National Flood Insurance Program Gets 3-month Extension

President Trump on Sept. 8 signed a three-month extension to the National Flood Insurance Program, extending it through Dec. 8, HousingWire reported. The extension gives Congress more time to come up with a long-term financial solution to the program, which the Congressional Budget Office said is short $1.4 billion.

 
Sep 13, 2017 12:30 PM

Hurricane Harvey, Irma Damage Could Reach $290 Billion: Report

Hurricane Harvey is on track to be the nation’s costliest weather disaster, causing $190 billion in damage, according to a Sept. 11 report from AccuWeather. Hurricane Irma is not far behind, causing an estimated $100 billion in damage.

 
Sep 13, 2017 12:30 PM

Fed Beige Book Shows Mixed Activity Across Districts

Residential construction increased in many Fed districts in July and August while sales activity decreased during those months, the Federal Reserve reported Sept. 6 in its latest Beige Book. Commercial construction also grew, and sales activity showed a slight increase.

 
Sep 07, 2017 08:00 AM

Appraisal Institute Joins 35 Groups Seeking to Halt Appraisal Waivers

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, on Wednesday joined with nearly three dozen appraiser organizations in asking Congress to call on the Federal Housing Finance Agency to prevent Freddie Mac and Fannie Mae from issuing appraisal waivers.​

 
Sep 06, 2017 12:30 PM

SBA Seeks Appraisers to Aid Harvey Recovery Efforts

The U.S. Small Business Administration announced Sept. 5 that it is seeking appraisers and other professionals to help process an extraordinary number of disaster loan applications resulting from Hurricane Harvey. SBA is the federal government's primary source of lending to help homeowners, renters, businesses and nonprofit organizations recover from disasters.

 
Sep 06, 2017 12:30 PM

AI Guide Note Can Help Appraisers in Disaster Areas

As post-hurricane recovery efforts continue in Texas and Louisiana, the Appraisal Institute on Sept. 6 reminded appraisers assisting property owners and lenders in communities affected by Hurricane Harvey that they can find guidance in AI Guide Note 10: Development of an Opinion of Market Value in the Aftermath of a Disaster.

 
Sep 06, 2017 12:30 PM

Most Hurricane Victims Lack Flood Insurance: Consumer Group

About 80 percent of property owners impacted by Hurricane Harvey don't have flood insurance, according to the Consumer Federation of America, USA Today reported Aug. 29. And research firm CoreLogic estimated that nearly 1.2 million homes were built in areas with high/moderate flood risk but outside zones where flood insurance is required.

 
Aug 30, 2017 12:30 PM

Regulators Propose Basel III Delay

The Federal Reserve Board, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. on Aug. 23 issued a notice of proposed rulemaking to delay Basel III implementation for mortgage servicing assets for institutions with less than $250 billion in total consolidated assets, MBA NewsLink reported.

 
Aug 30, 2017 12:30 PM

Cap Rates Steady in Most Sectors: CBRE

Cap rates and returns were steady during the first half of the year and are expected to remain that way during the second half, according to the North America Cap Rate Survey from commercial real estate firm CBRE, GlobeSt.com reported Aug. 24.

 
Aug 30, 2017 12:29 PM

Zillow 'Zestimate' Lawsuit Dismissed

Zillow on Aug. 23 won dismissal of a federal lawsuit that challenged the accuracy of its "Zestimate" home valuation tool, Reuters reported. The lawsuit alleged that Zestimates constituted illegal appraisals and undervalued properties making them harder to sell. The court ruled that Zestimates were simply a starting point.

 
 
Results: 181 Articles found.

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