Appraisal Institute News | Appraisal Institute

Aug 08, 2018 12:30 PM

FHFA Extends Comment Period for Proposed GSE Capital Requirements Rule

The Federal Housing Finance Agency extended for an additional 60 days the public comment period for its proposed rule on capital requirements for the government-sponsored enterprises, MBA NewsLink reported Aug. 1. The FHFA cited numerous requests for more time from multiple stakeholders as reasons for the extension to Nov. 16.

Aug 03, 2018 09:22 AM

Rodman Schley Elected 2019 Appraisal Institute Vice President

Rodman Schley, MAI, SRA, of Denver, was elected 2019 vice president of the nation’s largest professional association of real estate appraisers Thursday by its Board of Directors in Nashville, Tennessee.

Aug 01, 2018 12:30 PM

Construction Costs, Zoning May Slow Office Sector: Cushman & Wakefield

The office sector could slow next year as construction costs and zoning issues increase and concerns grow over the end of the current real estate cycle, according to real estate services firm Cushman & Wakefield, National Real Estate Investor reported July 24.

Aug 01, 2018 12:30 PM

Fannie Mae Drops Form 1004MC, the GSE Reveals at AI Annual Conference

Fannie Mae is discontinuing the use of Form 1004MC (Market Conditions), the government-sponsored enterprise announced July 30 at the Appraisal Institute Annual Conference in Nashville, Tennessee. The GSE is expected to officially announce the change when it releases its updated Selling Guide in the coming weeks.

Aug 01, 2018 12:30 PM

IRS Final Rules Define Qualified Appraisers, Standards Flexibility

The IRS on July 30 finalized rules for substantiating and reporting cash and noncash charitable deductions, stating that any tax deduction of more than $500,000 requires a qualified appraisal conducted in accordance with generally accepted appraisal standards. The rules take immediate effect.

Aug 01, 2018 08:00 AM

Appraisal Institute Honors 13 National Award Winners

Craig M. Harrington, SRA, AI-RRS, of Prior Lake, Minnesota; and Leslie P. Sellers, MAI, SRA, AI-GRS, of Clinton, Tennessee, were honored Tuesday with the Appraisal Institute’s Lifetime Achievement Award and Timothy P. Runde, MAI, of San Francisco, was named the recipient of the Outstanding Service Award during the Appraisal Institute Annual Conference in Nashville, Tennessee.

Jul 30, 2018 11:16 AM

Appraisal Institute Opens Valuation Profession’s Premier Event

More than 550 real estate professionals from around the world today attended the opening session of the valuation profession’s most important annual event, hosted by the Appraisal Institute, the nation’s largest professional association of real estate appraisers.

Jul 25, 2018 12:30 PM

Appraisal Institute Opposes Risk Management Reductions for SBA Loans

The Appraisal Institute on July 20 announced its opposition to proposed federal legislation that would reduce the requirements for appraisals in major Small Business Administration loan programs. AI told Congress that it specifically objects to provisions that would increase the real estate appraisal thresholds for SBA loan programs.

Jul 25, 2018 12:30 PM

Housing Industry Loses Status as Economic Driver, Fed Chair Testifies

The housing industry isn’t the economic driver it once was and doesn’t have much pull in monetary policy decision making, Federal Reserve Chair Jerome Powell told the House Financial Service Committee July 17 as he delivered the semi-annual monetary policy report, HousingWire reported.

Jul 25, 2018 12:30 PM

Fed Beige Book Reveals Mixed Results in Residential, Commercial Sectors

Some Fed districts reported moderate improvements in the residential real estate sector, but their reports on commercial activity revealed largely stagnant conditions, the Federal Reserve reported July 18 in its newest Beige Book.

AI News