article thumbnail

Supreme Court orders review of recession-era class action against Rocket

Housing Wire

million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009. ” According to the Fourth Circuit decision in March, plaintiffs are entitled to summary judgment on their claims for conspiracy and unconscionable inducement, but not for the claim regarding breach of contract.

Appraisal 421
article thumbnail

Title insurance industry volume rises 3.6% in Q1

Housing Wire

A strong purchase market and continued home appreciation helped offset ongoing contraction in refinance volume to help drive the 3.6% While the overall expense to purchase a home has increased significantly the past few years, the cost of title insurance coverage has decreased 7% since 2004. million), Florida ($696.6

Insurance 306
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 best real estate schools in Illinois (IL) for 2024

Housing Wire

Covers license law, real property, agency, state & federal laws, advertising, valuation, finance, real estate calculations, contracts & more + 15-hr Applied Real Estate Principles, an interactive course Leap Learning 60-hr Online Topics Package $419 60 of required 75 hrs. Self-paced. out of 5 stars Rating: 4.5

article thumbnail

Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

Acres, Built in 2004 Cape Cod style, it is not. Ernie is the Chief Valuation Officer at Voxtur, where he develops innovative solutions for the valuation industry and expands Voxtur Valuation Services. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.13

article thumbnail

Avoid Appraisal Disciplinary Action with These Do’s and Don’ts

McKissock

There should be enough information in your workfile so that you know exactly what you were thinking when you developed and reported that opinion of value. Changing the appraised value simply for the purpose of meeting the contract sales price is not a good reason. What could I have been thinking?”.

article thumbnail

8 Common Violations Made by Appraisers

McKissock

In this article, I outline several examples of less serious breaches of development STANDARD 1 and reporting STANDARD 2—and a few other types of violations, too. From 2004 to 2013, Dan was a member of the Pennsylvania State Board of Certified Real Estate Appraisers, serving for five years as vice-chairman and three years as chairman.

article thumbnail

Conservation Easement in Ohio: A Guide to Protecting Our Treasured Land

The Robert Weiler Company

A simple conservation easement definition is a legal contract to protect private land, permanently. While the conservation easement definition establishes the protection of land for future generations to enjoy, there may be specifications for: land subdivisions; property development; property conservation values; and. Land Trusts.

Easement 148