News By Edition

Valuation Review spoke with The Appraisal Foundation President David Bunton for his ideas and plans for the appraisal profession for the New Year.

From challenges, philosophies and proposals to the advent of technology assisting the appraiser, Bunton outlined his overall thoughts.

Read on to find out what we were told.

Valuation Review sat down with American Society of Appraisers (ASA) CEO Johnnie White to discuss his views and aspirations for the appraisal profession in 2020.

From regulations and state laws to more opportunities that await appraisers, White outlines his goals for the year.

Read on to learn more.

As editor of Valuation Review, I’ve often wondered just what makes up the appraiser’s work day. Well, I found out first-hand, and now want to share that experience.

I went out on assignment assisting on home inspections with Kevin McGreal, of McGreal & Company, a real estate appraisal service in Berea, Ohio, and truly wore the hat of the appraiser.

Read on to find out what I learned in the field.

As 2020 begins, the biggest trend surrounding errors & omissions (E&O) insurance is misinformation – from insurers, appraisers and affiliated businesses.

Valuation Review sat down with John Torvi, vice president of Marketing & Sales for the Herbert H. Landy Insurance Agency, to outline what has the profession confused.

Read on to get clarity about this from Torvi.

RERC has hired the former chief appraiser at Wells Fargo to lead RERC’s Bank and Lending Valuation Management Division. Read on to learn what specific roles the new hire will take within the company.

Accurity Valuation named a new chief innovation officer. Read on to learn the identity of this person and where this particular department will place its focus with the company moving forward.

Valuation Review continues to reach out to those in the appraisal profession asking what will be the required course of action for appraisers in 2020.

One veteran stresses the need to adapt and accept that which appraisers cannot change.

Read on to find out who shared these and other thoughts for appraisers moving forward.

Valuation Review sought out attorney Craig Capilla, from the Franklin Law Group, to share more legal expertise with the audience, as well as offering insight as to what the appraisal profession can expect in 2020.

Capilla also talked about the recently enacted California “gig worker” law now affecting appraisers.

Read on to learn more.

The Mortgage Bankers Association (MBA) released a new whitepaper examining current economic trends and commercial/multifamily real estate market conditions.

Valuation Review spoke with MBA Commercial Real Estate Research Vice President Jamie Woodwell.

Read on to find out what he shared with us.

Valuation Review caught up with Lisa Hobart, a Michigan Certified General appraiser, Master Assessing officer, and member of the American Society of Appraisers and the International Association of Assessing Officers to discuss the process of uncapping for homebuyers.

Hobart breaks down the numbers and what appraisers should tell first-time buyers about the value of their property.

Read on to find out more of what we were told.

The National Association of Realtors (NAR) announced that its Pending Home Sales Index (PHSI) rose 1.2 percent in November 2019, reaching an index of 108.5.

An index of 100 is equal to the level of contract activity in 2001.

Read on to learn more.

The Credit Union National Association (CUNA) supports the Federal Housing Finance Agency’s (FHFA) proposal to require the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac to rely upon larger, multiple-lender pools, according to a CUNA release. Read on to learn more.

Commercial and multifamily mortgage bankers are expected to close a record $683 billion of loans backed by income-producing properties in 2020.

This is a 9 percent increase from 2019’s anticipated record volume of $628 billion, according to a new forecast released by the Mortgage Bankers Association (MBA).

Read on for more numbers from the MBA.

Real estate litigation expert and former Appraisal Institute President Lance Coyle gives more detail about the widely misused Uniform Standards of Professional Appraisal Practice Jurisdictional Rule.

Coyle includes insight on how changes in valuation overall, and interpretations of words, can be critical.

Read on to find out more.

Real estate litigation expert and former Appraisal Institute President Lance Coyle spoke with Valuation Review about the widely misused Uniform Standards of Professional Appraisal Practice (USPAP) Jurisdictional Rule.

Coyle provides appraisers with more clarification and a better understanding of this important component of USPAP. 

Read on to find out what he shared with us.

Appraisal trade groups submitted comments pertaining to the CFPB’s assessment of TRID.

Key organizations outlined specific recommendations to the CFPB.

Read on to find out what the comment letter (s) said.

Appraisal Logistic Solutions, LLC announced that Steven Rouse, the company’s Midwest regional account manager, has been recognized by the Mortgage Bankers Association of St. Louis with the Andrew Sheahan Memorial Leadership Award. Read on for more information.

Gordon Brothers has made recent changes to its Valuation Division’s senior management structure. Read on for more details.

With the arrival of the New Year 2020, homeowners throughout the country will undoubtedly be looking for fresh starts as to where they would like to call home.

Employment is on the rise, with the U.S. recently experiencing a 50-year low in the national unemployment rate, according to the personal-finance website WalletHub.

Read on for additional information and find out where the favorable, and not-so-favorable, locations are for homeowners.

ORIX Corp. USA announced that it completed the acquisition of Hunt Real Estate Capital, LLC.

ORIX USA will combine Hunt Real Estate Capital with its two ORIX Real Estate Capital brands, Lancaster Pollard and RED Capital Group, to form a full-service entity – with the goal of emerging as a top-tier national commercial real estate lender.

Read on to learn more.

CoreLogic released its Home Price Index (HPI) and HPI Forecast for November 2019, which shows home prices rose both year-over-year and month-over-month. Read on to learn more.

Veros Real Estate Solutions announced that Q4 2019 VeroFORECAST data indicates an average projected appreciation rate for residential real estate in the nation’s largest 100 housing markets of 3.9 percent for the year ending Dec. 31, 2020. Read on for more information and data from Veros.

The share of refinances closed by millennials decreased in November 2019 as interest rates on 30-year loans climbed, according to the latest Ellie Mae Millennial Tracker. Read on to learn more.

Recently, changes to the U.S. Department of Veterans Affairs’ home loans went into effect under the 2019 Blue Water Navy Vietnam Veterans Act, including the removal of a conforming loan limit. Read on to find out more information.

Freddie Mac released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage dipped. Read on for more numbers.

Comments on proposals from both the National Credit Union Administration and the Consumer Financial Protection Bureau are due in January. The Credit Union National Association has called for two such proposals, which would provide regulatory relief to credit unions. Read on to learn more.