Housing Wire

JUNE 9, 2023

The guidance, to be published in the Federal Register with a 60-day public comment period thereafter, “shows how ROVs intersect with appraisal independence requirements and compliance with applicable laws and regulations,” according to the announcement. The guidance also prioritizes appraisers’ independence and responsiveness to consumers.

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Appraiserblogs

APRIL 19, 2023

The Fannie Mae Property Data Collectors program seems to have run afoul of West Virginia law. There has been a lot of discussion… The post FNMA Property Data Collectors Program Violates WV Law appeared on Appraisers Blogs.

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Law Inspection Real Estate Training 145

Housing Wire

JUNE 1, 2023

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” It is also important that the AVMs institutions use adhere to quality control standards designed to comply with applicable nondiscrimination laws.”

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Appraiserblogs

MAY 18, 2023

New, progressive laws designed to conceal felony convictions. million armed robbery of a… FNMA Property Data Collectors Program Violates WV Law The Fannie Mae Property Data Collectors program seems to have run afoul of West Virginia law. The broker alerted the bank and the National Association of Realtors.

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Housing Wire

AUGUST 22, 2023

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). The MBA and the CBA requested an adequate implementation timeline of at least 12 months. .

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Valuation Appraisal Government Real Estate 360

Appraisal Buzz

JULY 28, 2021

In today’s Buzzcast, we dive into the Legal and Accounting presentation of our Business Building Workshop being held at Valuation Expo on September 8th. Today we have the host, Peter Christensen, Owner of Christensen Law Firm, with Joan Trice, Founder of Allterra Group, LLC. Do you hire employees or independent contractors?

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Housing Wire

MAY 27, 2022

All lenders must explain their rationale when denying credit to loan applicants, the Consumer Financial Protection Bureau affirmed Thursday, after looking into whether companies claiming exemption because they rely on “complex algorithms” were in violation of federal anti-discrimination law.

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Housing Wire

MAY 21, 2024

Use online valuation tools Though they’re not perfect, online valuation tools can offer estimates based on public records and algorithms. Appraisers have access to detailed property information, and while they may not disclose exact sales prices, they can provide insights into the valuation process.

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Real Estate Agent Real Estate Inspection Tools 408

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.” Stay tuned.

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Valuation Property Appraisal Training Appraisal 91

Housing Wire

JANUARY 16, 2024

The first was a motion for judgement as a matter of law and the second was a motion for a new trial. Missouri law permits sellers and their agents to compensate buyer agents One last item— Missouri state law it is permitted for sellers and their agents to compensate buyer agents. It does happen.

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Housing Wire

JUNE 21, 2023

At the top of the list of housing issues the Bureau will aim to address is a rule related to automated valuation models (AVMs). Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry.

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Valuation Finance Legal Development 303

Appraisal Buzz

MAY 13, 2024

Snow: Federal agencies have been looking at their existing authority under consumer protection laws to see how they can leverage the authority they already have against certain AI uses. AI has also come up in regulator/industry discussions over bias in home valuations.

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Housing Wire

DECEMBER 14, 2021

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. It’s unclear whether the inclusion of references to race in appraisal reports reveals bias in the valuation process or introduces it.

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Simonson Real Estate

SEPTEMBER 25, 2020

Topics have centered around appraisals and valuation concerns in the current market environment. Commercial Real Estate Appraisal and Valuation in the Time of Covid-19: What Is the New Normal? Valbridge provides independent valuation and powerful insights to help clients make the best business and investment decisions.

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Valuation Appraisal Marketing Real Estate 130

George Dell

OCTOBER 5, 2022

Cyndi Law is our editor-in-chief, webmistress, and main force for Valuemetrics. And the topic, appropriately, was how outdated ‘established’ appraiser education blocks better valuations, better economic health, and enlightened public policy. Three-Hundred plus One!

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Law Valuation Appraisal 195

National Association of Realtors

FEBRUARY 7, 2023

Learn more about the Property Appraisal and Valuation Equity action plan to eliminate racial and ethnic bias in home valuations, and find tips to ensure an impartial appraisal.

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Law Appraisal Valuation Appraisal Process 74

Housing Wire

NOVEMBER 3, 2023

The platform helps to differentiate from the competition with real-time and augmented property valuation estimates, unique AI-driven property search, personalized market intelligence, valuable real estate agent connections, potential savings and rebates*, and more. Find their dream home faster. Evaluate properties instantly.

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Real Estate Agent Real Estate Insurance Valuation 341

Appraiserblogs

APRIL 4, 2024

At President Roosevelt’s urging, Congress passed the National Industrial Recovery Act, a New Deal bill that partially ceded lawmaking authority to private organizations and industry boards to develop codes of conduct that would then be enforced on citizens as binding law. The owners of poultry producer Schechter Poultry Corp.

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Appraiserblogs

MARCH 28, 2024

Lanham, 20/20 Valuations, and loanDepot.com, U.S. They alleged that the appraiser had taken in account their race in his valuation of their home in violation of the federal Fair Housing Act and other laws prohibiting. Connolly and Mott v. District Court, Maryland.

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Appraisal Valuation Law Government 110

George Dell

OCTOBER 20, 2021

And how about non-appraiser appraisals (valuations)? In the past, our thinking, expectations, laws and regulations, have separated the development of an appraisal from the report of an appraisal. Does modernized appraisal require a modernized report? Here we use the word ‘appraisal’ in its generic public meaning.)

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Simonson Real Estate

JUNE 22, 2020

What changes will there be, if any, to the appraisal and valuation process because all aspects of our society are being forced to carry on their daily activities differently while trying to protect ourselves from a sometimes debilitating, sometimes deadly, always mercurial virus with no known cure? About the Authors.

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Valuation Real Estate Appraisal Retail 146

Housing Wire

JANUARY 13, 2022

Quicken Loans passed the value along to the appraisal company, which changed the home’s valuation from $122,500 to $125,500, the couple claimed. In the case, concluded in June 2021, the Court stated that the law requires a concrete injury to grant a person the option to sue to vindicate a right.

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Appraisal Law Valuation Home Value 408

Housing Wire

APRIL 27, 2023

“Generally, this piggyback mortgage product, known as an 80/20 loan, involved a first lien loan for 80% of the value of the home and a second lien loan for the remaining 20% of the home’s valuation.” Debt collectors do not get to claim ignorance of the law or ignorance of the debt’s age if the statute of limitations has expired,” he said.

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Appraiserblogs

NOVEMBER 7, 2023

It all started with Dodd-Frank Act, a several hundred pages Act signed into law by then President Obama, sold to unsuspecting Americans as a protection from the corrupt business practices of. Related Posts: Low Appraised Value = Racial Bias? Folks,… The post Seller Filed a Racial Bias Complaint Against Me appeared on Appraisers Blogs.

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Sellers Valuation Law Contracts 124

Boston Appraisal

APRIL 18, 2024

Challenges in Appraising Mixed-Use Developments Complex Valuation Models : Mixed-use properties require appraisers to be adept in multiple valuation methods. retail, office, residential), an appraiser must combine elements of each type’s valuation techniques. Since these developments encompass various property types (e.g.,

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Development Appraisal Valuation Retail 78

Housing Wire

OCTOBER 16, 2023

The dataset can be used to, among other things, study housing valuation, housing market disparities and inequities, and consumer preferences.

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Law Appraisal Valuation Finance 325

Cleveland Appraisal Blog

JUNE 18, 2022

comparable sales, income, and cost), there are many other elements that may apply based on the statutes, case law, and procedural rules in a given state. Before retirement in 2014, Leslie practiced law for 33 years, mostly with Faegre Baker Daniels (now Faegre Drinker), a law firm with national and international offices.

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Appraisal Law Development Valuation 309

Simonson Real Estate

JULY 22, 2021

Market Conditions – Changes in market conditions may result from changes in income tax laws, building moratoriums, the availability of financing, employment, interest rates and fluctuations in supply and demand. The post Valuation – How Much is My Property Really Worth? Feel free to contact us today for your free quote.

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Housing Wire

MARCH 3, 2021

Reacting to headlines pointing to racial bias in some home appraisals, the Appraisal Foundation this week said that it would require all appraisers to take a seven-hour course focused on fair housing laws and bias. “This part of the course will concentrate on how to avoid both bias and the perception of bias in appraisals.”

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Appraisal Law Valuation Inspection 348

Appraisal Buzz

JULY 28, 2021

In today’s Buzzcast, we dive into the Legal and Accounting presentation of our Business Building Workshops being at Valuation Expo on September 8 th. Today we have the host, Peter Christensen, Owner of Christensen Law Firm, with Joan Trice, Founder of Allterra Group, LLC. What should you consider between LLC versus Corporation?

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Legal Valuation Law Business 150

Housing Wire

AUGUST 7, 2020

Valuation technology company Valligent Technologies has named Walter Allen as its executive vice president of digital transformation. Financial services law firm Garris Horn announced that mortgage attorney Melanie Feliciano has joined as a partner. Before that Yankowski was president and CEO of Executive Title Insurance Services.

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Technology Law Lending Legal 254

Appraiserblogs

APRIL 25, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. AI meets with Fannie Mae regulators to.

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Housing Wire

JULY 6, 2023

“During 2022, the CFPB continued to make progress on the small business lending data collection rulemaking required by Congress under Section 1071 of the Dodd-Frank Act and participated in an interagency rulemaking to implement quality control standards for automated valuation models (AVMs),” the report states.

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Housing Wire

FEBRUARY 22, 2024

Legal and regulatory risk demands compliance with evolving laws and regulations, with VRM Mortgage Service’s legal and compliance departments ensuring current knowledge and implementing controls.

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Business Marketing Real Estate Legal 350

Appraisal Buzz

MARCH 2, 2022

To that end, the CRN is devising an educational program to expose the appraisal community to proper training on Fair Housing laws as they impact the appraisal profession. The statement condemns the thoughts, language, and tone of the email sent to Dr. There is no place in our profession for the race-based vitriol expressed in the email.

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Valuation Training Real Estate Law 150

Valuation Review

JUNE 5, 2023

Peter Christensen, owner of Christensen Law-Valuation Legal, shared more legal insight with Valuation Review about what appraisers should know. Christensen outlined specifics dealing with the statute of limitations for a lawsuit against an appraiser. Read on to find out what the legal expert had to say.

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Valuation Review Appraisal Legal Valuation 78

Housing Wire

JUNE 17, 2022

I take very seriously the commitments we’ve made to regulators, legislators, & industries who changed laws and policies to unlock the digital future we’re creating. The funding round valued Notarize at $760 million, triple its valuation at the time of its $35 million Series C funding round a year prior, at the start of the pandemic.

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