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Results: 184 Articles found.
Jul 20, 2018 10:44 AM

Appraisal Institute Opposes Effort to Reduce Risk Management for SBA Loans

The nation’s largest professional association of real estate appraisers today announced its opposition to proposed federal legislation that would reduce the requirements for appraisals in major Small Business Administration loan programs.

 
Jul 18, 2018 12:30 PM

Appeals Court Finds FHFA Violates Constitution's Separation of Powers

The U.S. Court of Appeals for the Fifth Circuit ruled July 16 that the Federal Housing Finance Agency's leadership structure is unconstitutional, HousingWire reported. The court found that the FHFA is too "isolated," and ruled that its director's possible removal only for cause violates the U.S. Constitution's separation of powers.

 
Jul 18, 2018 12:30 PM

FHA Easing Use of False Claims Act, Wants Banks to Re-enter Market

The Trump administration on July 10 said the Federal Housing Administration will scale back its use of the False Claims Act so that banks that previously shied away from offering FHA loans due to concerns about violations and settlements are more certain about offering those types of loans, HousingWire reported.

 
Jul 18, 2018 12:30 PM

Illinois Changes AMC Law, Allows Multistate Appraiser Licensing System

Illinois Gov. Bruce Rauner on July 13 signed Public Act 100-0604 (enacted as SB 2617), legislation that amends Appraisal Management Company Registration Act requirements for AMC registration and oversight. It also authorizes the Illinois Department of Financial and Professional Regulation to participate in a multistate appraiser licensing and renewal system.

 
Jul 13, 2018 08:00 AM

Appraisal Institute Joins 29 Groups to Promote Real Estate Careers

The Appraisal Institute joined 29 real estate industry organizations, representing more than 10 million jobs, today in announcing a ground-breaking collaboration to highlight the diverse career paths within the real estate sector.

 
Jul 12, 2018 08:00 AM

Appraisers Play Distinct Roles in Arbitration: The Appraisal Journal

Alternative dispute resolution – including negotiation, mediation and arbitration – is a growing area in need of skilled real estate valuation professionals, according to a study published this week in The Appraisal Journal.

 
Jul 11, 2018 12:30 PM

Freddie Mac Now Allows ACE Eligibility for Condo Unit Purchases, Refis

Freddie Mac announced June 28 that consumers who purchase a condo or refinance an existing condo mortgage might be eligible for its automated collateral evaluation appraisal waiver. The ACE program, which launched in 2017 for single-family homes, gives eligible borrowers the opportunity to forgo a traditional appraisal.

 
Jul 11, 2018 12:30 PM

Pennsylvania Passes New Law Allowing Limited Broker Price Opinions

Pennsylvania Gov. Tom Wolf on June 29 signed HB 863, legislation that allows the state’s real estate brokers, associate brokers and salespeople to provide broker price opinions. The law takes effect Aug. 28 and places significant restrictions on those allowed to perform BPOs and limits the situations under which they may be performed.

 
Jul 11, 2018 12:30 PM

Mortgage Fraud Risk, Loan Application Defects Both Drop, Report Shows

Fraud and misrepresentation in mortgage loan applications dropped 2.4 percent between April and May, and was down 3.6 percent from the same point last year, according to the Loan Application Defect Index released July 2 by settlement services firm First American Financial Corp., MBA NewsLink reported.​

 
Jul 05, 2018 08:00 AM

Appraisers Face Unique Challenges in Hawaii: Valuation Magazine

Hawaii’s climate and landscape are keeping the state’s property values high and are contributing to its developmental and economic growth, according to an article in Valuation magazine’s second quarter 2018 issue.

 
 
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