News By Edition

Valuation Review continues its “2024 Appraisal Outlook” Series by chatting with Class Valuation Chief Appraiser John Dingeman, who contributed many insights on appraisers and what they can expect in 2024.

Dingeman said he hopes more appraisers will look at the technology used in property data collection and form their own opinions.

Read on for the full conversation.

Certified General Appraiser Michael Brunson sat down with Valuation Review to participate in the publication’s exclusive “2024 Appraisal Outlook” series. Brunson, a partner with Nevada-based RPD Analytics, said last year’s USPAP adoption is significant moving forward into the next 12 months.

Valuation Review continues its monthly appraiser tips from Dustin Harris, “The Appraiser Coach.

Harris focused the discussion, specifically, on desktop appraisals.

Read on to learn more.

The Appraisal Foundation’s Appraisal Standards Board (ASB) recently released 2024 USPAP Q&A. 

This is a form of guidance to respond to questions raised by appraisers, enforcement officials, users of appraisal services and the public to illustrate the applicability of USPAP in specific situations and to offer ASB advice for the resolution of appraisal issues and problems. 

Read on to find out the answers to appraisers' questions.

Valuation Review spoke with Malinda Griffin, the owner and operator of Malinda Griffin & Co. 

She has been appraising as a Certified Residential appraiser since 1992 and shared many aspects of her appraising career, including the responsibilities that come with owning your own business.

Read on for more of our conversation with Griffin.

JLL’s Value and Risk Advisory platform recently announced it hired a managing director in the department of healthcare and life sciences.

The position requires expanding the U.S. healthcare and life sciences sector.

Read on to learn more.

Colliers Valuation & Advisory Services recently announced significant changes in leadership with new hires at its Sacramento office. This is part of a strategic plan to strengthen the multifamily valuation services platform and reinforce its presence in California and the West region.

The Appraisal Foundation recently announced that it is seeking qualified candidates to fill three public interest positions on its board of trustees. One is a three-year term, and two are four years. All terms begin on Jan. 1, 2025.

The Alabama Supreme Court recently dismissed an appeal by Great American Insurance Co. that sought to overturn a trial court’s order denying its motion to compel an appraisal in a dispute over hurricane damage to a beachfront condominium complex.
The insurer argued that its motion was subject to the Federal Arbitration Act because an appraisal is akin to arbitration, which means it can appeal the Baldwin County Circuit Court’s decision to deny it.
Read on for more details surrounding this case.

CoreLogic recently released its monthly Loan Performance Insights Report for November 2023.

It showed 2.9 percent of all mortgages in the U.S. were in some stage of delinquency, the same as a year ago.

Read on to learn more.

Empty-nest baby boomers own nearly 3 in 10 (28.2 percent) large U.S. homes. That’s twice as many as millennials with kids, who own just 14.2 percent of the country’s large homes, according to a new report from Redfin.

The U.S. Department of Housing and Urban Development recently announced nearly $3.16 billion in Continuum of Care program awards for over 7,000 projects that provide housing assistance and/or supportive services to people experiencing homelessness, as well as costs related to planning and data collection.

CoreLogic recently announced the AutomatIQ Borrower Income Analysis solution is now integrated with Fannie Mae’s Income Calculator.

As a result of this new enhancement, mortgage lenders will be able to calculate borrower income faster, more accurately and in compliance with Fannie Mae investor guidelines. 

Read on to learn more.

BBG recently announced the appointment of a key executive and a financial services industry leader.

The person will be filling a newly created position at the firm.

Read on to learn the identity of this individual.

CoreLogic recently released its Home Price Index (HPI) and HPI Forecast for December 2023.

U.S. annual single-family home price growth continued its gradual upward momentum.

Read on to learn more.

OptifiNow, a provider of mortgage customer relationship management (CRM) solutions, recently announced the successful deployment of its OptifiNow TPO CRM platform for Jet Mortgage, a wholesale mortgage lender based in California.

Nationwide, 31.8 percent of U.S. single-family homes for sale in the fourth quarter were new construction, according to a new report from Redfin.

Valuation Review concludes its conversation with Appraisal Institute President Sandra Adomatis.

In Part II of this special feature, we touched on bifurcated/hybrid appraisals. She noted that in some circles, such appraisal methods are not exactly welcomed with “open arms” within the profession, but they now appear to be a constant presence in the technology world of valuation.

Read the final thoughts from the AI president in our exclusive feature.

Earlier, Valuation Review brought to the attention of its readers that Calque and First Federal Bank were joining forces. Recently, HMA Mortgage, a 100 percent referral-based mortgage company, announced it partnered with Calque to launch The Trade-In Mortgage across 20 states.

The Federal Housing Administration (FHA) recently issued a final rule to eliminate the Department of Housing and Urban Development’s requirement that a lender or mortgagee register all branch offices used to conduct FHA business.

The Federal Housing Finance Agency recently released its 2024 Scorecard, outlining strategic objectives for Fannie Mae, Freddie Mac and their joint venture, Common Securitization Solutions, LLC.

Freddie Mac continued its longstanding support for low-income families, recently announcing that potential homebuyers earning 50 percent of area median income or less are eligible for a $2,500 credit that may help with down payment and other costs at closing.

Property data curator ATTOM released its fourth-quarter 2023 U.S. Home Equity & Underwater Report, which shows that 46.1 percent of mortgaged residential properties were considered equity-rich in the fourth quarter, meaning the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values.

In November, the CoreLogic S&P Case-Shiller Index rose by 5.1 percent year-over-year.

This represents the fifth month of annual increases following two months of annual declines.

Read on to learn more.

Idaho-based First Federal Bank partnered with Calque, a company enabling traditional lenders to offer buy-before-you-sell programs, to launch “The Trade-In Mortgage.”

Regulatory bodies charged with ensuring financial stability, both domestically and globally, have unveiled their priorities for the year. Many of these should not come as a surprise to those familiar with the most significant matters concerning financial markets over the past year.

Real estate brokerage leaders are showing signs of optimism on housing and the economy in 2024, according to the newest Delta Real Estate Leadership Survey.

The study included more than 130 brokerage leaders, which represent firms collectively responsible for more than 65 percent of all home sales last year.

Read on for more from this economic study.

The U.S. Department of Housing and Urban Development made $150 million available to promote affordable housing projects to benefit low-income families in American Indian and Alaska Native communities.

Rapid Recon and Velocity Automotive, driven by Vehlo, recently announced an integrated system for closing the trade appraisal gap.

On Jan. 30, The Appraisal Foundation’s (TAF) Board of Trustees voted to approve 12 organizations to become partners of TAF.

Appraisal Institute Board President Sandra Adomatis recently provided expert testimony before the House Natural Resources Committee Subcommittee on Federal Lands in support of H.R. 5443, the Accelerating Appraisals and Conservation Efforts Act.