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Data hack prompts lawsuit against KeyBank, vendor 

Housing Wire

The pleadings ask the court to grant class-action status to the litigation, arguing that the defendants KeyBank and OSC were negligent in failing to adequately monitor, inspect and control data-security practices. “[OSC dollars annually by 2025,” Bailey added. trillion in U.S. We’re in this huge digital ecosystem.

Insurance 332
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4 Ways to Improve Job Site Safety for Wind Farm Technicians

GoForrmz

Staying Ahead of Safety Inspections Don’t wait for a quarterly audit to make safety inspections a part of your team’s routine. Safety practices are critical to every day at every job site, so make sure your teams are incorporating safety check-ins, safety checklists, and equipment inspections daily. from 2020 to 2025. ”

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A property tax reckoning is coming

Housing Wire

The tax assessment office said there might be a reassessment in 2025. There is a great reluctance on part of most homeowners to have an interior inspection,” said Youngman. The full extent of how much property taxes will rise is unclear, because the lag between home price appreciation and assessment cycles varies.

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COVID-19 Novel Coronavirus

Walitt Solutions

In many cases, FHA, USDA, VA, Fannie Mae, and Freddie Mac are allowing the use of appraisals with inspections that vary from the typical level of inspections pre-typed on the lending appraisal forms. Appraisers are to boldly state “Per Department of Veterans Affairs, no interior inspection was provided due to COVID-19”.”

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

To me, the big issue is who is doing the inspections. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing. Inspection training was very good. Appraising will be different in 2025.

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Homebuilders are at max capacity. And the housing shortage keeps widening

Housing Wire

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Likewise, industry experts said interest rates will likely come down in the not-to-distant future, and that will eventually restart the existing-home sales engine — whether that’s next year or in 2025. Taken by Felix Mizioznikov.

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New 2024 USPAP Q&As

Appraisal Today

Personal Inspection I recently completed an appraisal on a residential dwelling for Lender A that sells loans to Fannie Mae and Freddie Mac and the report was completed on a GSE form. Lender B indicated there wasno need for me to re-inspect the home, since my previous inspection date was only a few days earlier. Jan 8, 2024.