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Genworth chief appraiser: Understanding can help in rural markets
Posted Date: Wednesday, June 12, 2019
Valuation Review spoke with Genworth Mortgage Insurance Director of Operations and Chief Appraiser Adam Johnston about what opportunities can come to appraisers within the rural market.
Johnston also addressed the importance of relationships between appraisers, underwriters and mortgage lenders.
Read on to find out what Johnston shared with us.
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ASC receives North Dakota request for appraisal waiver
Posted Date: Wednesday, June 19, 2019
The Appraisal Subcommittee (ASC) has received a request for a temporary waiver request.
This came from the state of North Dakota, the North Dakota Department of Financial Institutions and the North Dakota Bankers Association regarding appraiser certification or licensing requirements.
Read on to learn more.
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ASFMRA providing appraisal methods update
Posted Date: Wednesday, June 12, 2019
The American Society of Farm Management and Rural Appraisers released its new textbook, “Valuing Rural America: Foundations of Data Analysis,” to provide insights on methodology for appraisers of all career stages and experience levels. Read on to learn more.
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Valuation Partners welcomes VP
Posted Date: Monday, June 24, 2019
Valuation Partners has a new individual joining the company as vice president of its U.S. West region. Read on to find out who this person is, and what specific duties will be filled within the appraisal company.
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New FHFA director speaks on Fannie, Freddie reform
Posted Date: Monday, June 10, 2019
At the 2019 National Association of Realtors Regulatory Issues Forum in Washington, newly-appointed Federal Housing Finance Agency Director Mark Calabria spoke to hundreds of Realtors and industry leaders.
He outlined his vision for the future of Fannie Mae and Freddie Mac.
Read on to find out what Calabria shared with the audience.
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Freddie Mac Multifamily names VPs
Posted Date: Wednesday, June 12, 2019
Freddie Mac Multifamily announced it has named four vice presidents. Read on for the identities of these new executives and find out what their specific roles with Freddie will be.
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SLK Global offers tax assistance for lenders
Posted Date: Monday, June 10, 2019
SLK Global Solutions announced it will offer tax services for commercial mortgage servicers through its Real Estate Tax Service Platform. Read on to learn more.
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CoreLogic closing Minnesota office
Posted Date: Monday, June 10, 2019
CoreLogic filed a notice with the Minnesota Department of Employment and Economic Development stating that its Bloomington office will close by Dec. 31 with layoffs beginning July 8. Read on to learn more details.
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Metro-West providing alternative appraisal solutions
Posted Date: Monday, June 17, 2019
Metro-West Appraisal Co. said it plans to become a one-stop shop for alternative appraisal field work solutions. The firm’s goal is to aid AMCs by centralizing availability of its hybrid appraisal products and services, which are available across more than 80 major metro markets. Read on to learn more.
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Texas board issues order in data dispute
Posted Date: Monday, June 3, 2019
The Austin Board of Realtors made good on its promise to “ensure full accountability from all parties” responsible for the “unauthorized exploitation” of its private database.
A cease-and-desist order to the Travis Central Appraisal District.
Read on to learn more.
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Dealer-lender relationships critical for sales
Posted Date: Wednesday, June 12, 2019
Against a backdrop of declining auto sales in Canada, dealers are expecting their lenders to go shoulder-to-shoulder with them in weathering the tightening market, and are looking for lenders to foster a dealer-lender relationship focusing on ease of doing business. Read on to learn more.
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MBA: Government agencies looking to be more lender-friendly
Posted Date: Monday, June 17, 2019
Representatives from government housing agencies said they are making progress in breaking down barriers that discourage mortgage lenders and servicers from working with them, according to an article from the Mortgage Bankers Association (MBA). Read on to learn more.
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Houston’s economy boosts commercial properties
Posted Date: Monday, June 17, 2019
Houston’s improving economy is providing momentum for commercial property values during the first months of 2019, according to a release from Deal Sikes, a leading Houston-based valuation firm. Read on to learn more.
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Survey: Tax reform impact on homebuyers lower than expected
Posted Date: Wednesday, June 19, 2019
More than a year after the tax code overhaul, less than half of homebuyers say that tax reform has had an effect on their home search, according to a March survey commissioned by Redfin. Read on to learn more.
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Economy expected to slow through 2019, Fannie says
Posted Date: Monday, June 3, 2019
A full-year 2019 real GDP growth now is projected at 2.3 percent, one-tenth higher than previously forecasted, after strong – although likely unsustainable – first quarter growth, according to the Fannie Mae Economic and Strategic Research (ESR) Group’s May outlook. Read on to learn more.
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Lender Price, NAMB announce launch of new tool
Posted Date: Monday, June 10, 2019
Lender Price and the National Association of Mortgage Brokers announced the release of a new loan origination tool that features a loan pricing engine and a digital loan portal. Read on to learn more.
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AI: Low-cost landscaping can be wise investment
Posted Date: Monday, June 24, 2019
The Appraisal Institute (AI) has advised homeowners to consider basic landscaping improvements.
These can generate a major return on investment when reselling the property, according to a release on the AI website.
Read on to learn more.
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Commercial real estate experts announce rebrand
Posted Date: Monday, June 24, 2019
Lowery Property Advisors announced the company’s rebrand to LPA. The comprehensive rebrand shifts the focus to its deep Southwest roots and includes a new logo, positioning and website. Read on to learn more.
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LoanLogics adds executive to the team
Posted Date: Monday, June 24, 2019
LoanLogics recently welcomed Paul J. Vancheri to the company as executive vice president of technology. Read on to learn more about this new hire, and what he will bring to the company’s technological table.
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NS3 Live: Montgomery kicks off informative, exciting opening day
Posted Date: Wednesday, June 19, 2019
The 15th edition of the National Settlement Services Summit (NS3) got off to a terrific start Tuesday as Acting Deputy Secretary, and Federal Housing Administration (FHA) Commissioner and Assistant Secretary for Housing of the U.S. Department of Housing & Urban Development (HUD) Brian Montgomery, highlighted many topics.
Montgomery also discussed issues with important updates for everyone within the real estate transaction business.
Read on for a few details of what Montgomery shared with the audience, as well as what transpired from the other opening day sessions.
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NS3: Industry stars honored with OR awards
Posted Date: Wednesday, June 19, 2019
For the eighth year, October Research, LLC, presented its annual awards for leadership, innovation and philanthropy, with some of the brightest stars in the title industry recognized for their efforts.
CEO and Publisher Erica Meyer presented the awards Wednesday at the 15th annual National Settlement Services Summit (NS3) in Phoenix.
Read on for details on the winners and their accomplishments.
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NS3: Make a Child Smile helps Phoenix youth get school ready
Posted Date: Wednesday, June 19, 2019
Summer may be in its early stages, but Phoenix-area youths know the next school year is around the corner, and attendees at the National Settlement Services Summit (NS3) took time Tuesday to give them a hand.
The eighth annual “Make a Child Smile” community service event, sponsored by Adeptive Software, saw attendees put together book bags with school supplies to help for foster children through Arizona Helping Hands.
Read on for details from the event.
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NS3 goes West, industry follows
Posted Date: Monday, June 17, 2019
The National Settlement Services Summit (NS3) marks its 15th anniversary this week by heading further west than it ever has. In the Valley of the Sun, the largest crowd yet will gather to hear from the best the industry has to offer over three days at the Arizona Biltmore in Phoenix.
More than 700 attendees representing 340 companies – both records for NS3 – will get to hear from a pair of keynote speakers, a Fireside Chat between title and banking icons, and 59 presenters on subjects affecting all parties in the real estate transaction.
Read on for a preview of what’s to come this week.
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Standard comps may be anything but that, appraiser says – Part II
Posted Date: Monday, June 17, 2019
Valuation Review continues its conversation with Genworth Mortgage Insurance Director of Operations and Chief Appraiser Adam Johnston.
We discussed possible changes in terminology when it comes to using comparables that pertain to rural market assignments. Are they actually comparable?
Read Part II of our feature to find out more of what Johnston had to say.
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New-home sales post solid increase
Posted Date: Wednesday, June 12, 2019
Sales of newly built, single-family homes fell 6.7 percent to a seasonally adjusted annual rate of 673,000 units in April.
This was after a sharp upwardly revised March report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read on to learn more from these findings.
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Multifamily market to remain strong in 2019, BBG says
Posted Date: Wednesday, June 12, 2019
After posting significant gains in 2018, the multifamily market is expected to show continued strength this year.
This strength is amid swelling demand among younger adults for rental units and investor optimism in this market sector, according to a report from BBG.
Read on to learn more.
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