News By Edition

Valuation Review spoke with Deane Wilson, managing partner for The Blackwell Group, who shared many facets related to going concern valuations.

Wilson also examined the facts and the misconceptions surrounding these types of properties.

Read on for the full conversation with Wilson.

Earlier this week, Consumer Financial Protection Bureau Director Rohit Chopra offered a submission to the Appraisal Subcommittee regarding oversight of The Appraisal Foundation (TAF).

Additionally, Chopra made critical comments about TAF and its position on appraisal bias. Valuation Review reached out to TAF for its response.

Read on to find out what was said by both the CFPB and TAF.

Valuation Review spoke with Jared Preisler, chief appraiser and director of product development at DataMaster, about the many facets of appraisal modernization.

From specifics to opportunities for appraisers, Preisler discussed it all, including where property data collectors fit in.

Read Part I of this exclusive feature.

The Appraisal Foundation (TAF) Board of Trustees voted March 25 to appoint a new president of TAF.

She is the former superintendent of the Ohio Division of Real Estate & Professional Licensing, the chief regulator for Ohio’s appraisers.

Read on to learn the identity of the new TAF president.

Earlier this month, the Appraisal Standards Board released new questions and answers covering the term, “personal inspection.”

Texas Gov. Greg Abbott recently appointed four members to the state’s Real Estate Research Committee, according to a release from the Office of the Texas Governor.

To help facilitate recovery efforts from wildfires in Hawaii last year, four federal financial institution regulatory agencies temporarily paused certain appraisal requirements for real estate-related transactions in Maui County.

To strengthen the home appraisal workforce and speed up the appraisal process, U.S. Sens. Kevin Cramer (R-ND) and Jon Tester (D-MT) recently introduced the bipartisan Appraisal Industry Improvement Act.

It aims to improve access to housing in rural communities across the country.

Read on to learn more.

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

Year-over-year, home price gains reached the highest rate in a year in January, but growth is expected to begin slowing in the coming months.

Read on for more from this report.

Regulators are focused on residential property appraisals, lenders and investors are looking at ways to make the overall valuation process easier, and homeowners and homebuyers want to make sure they’re getting full and fair value.

At the Intercontinental Exchange, Inc. (ICE) Experience in Las Vegas, ICE announced the addition of two new solutions to its growing suite of home valuation tools.

Read on to learn more from this event.

Earlier, Valuation Review brought you the announcement that McKissock Appraisal withdrew its involvement with PAREA (Practical Applications of Real Estate Appraisal).

We caught up with Nancy Gerome, vice president, Valuation & Property Services, and general manager, at McKissock for a more in-depth look at PAREA and her thoughts on the opportunities and challenges ahead for appraisers.

Read on to find out what Gerome told us.

B. Riley Financial, Inc. recently announced that it has retained Moelis & Co. LLC as an independent financial advisor to assist in its review of strategic alternatives for the company's appraisal and valuation services.

Valuation Review concludes its conversation with with Zach Bowyer, executive managing director at Cushman & Wakefield, who revealed key factors in seniors housing.

In Part II, Bowyer discusses affording these properties, and much more.

Read on for the conclusion to this feature.

In March, the Federal Housing Finance Agency made a key appointment in its Office of Minority and Women Inclusion.

Valuation Review recently spoke with the CEO of Calque, a company enabling traditional lenders to offer buy-before-you-sell programs.

He discussed what specific challenges homeowners face during the buying and selling process, as well as the important role of the appraiser.

Read on for the full conversation.

Homepie, a proptech startup, recently launched its For Sale By Owner online marketplace. Homepie allows homesellers to list their home and buyers to purchase homes commission free.

S&P Dow Jones Indices recently released the January 2024 results for the S&P CoreLogic Case-Shiller Indices.

The report showed that three out of the 20 major metro markets reported month-over-month home price increases.

Read on to learn more.

Compliance and real estate consulting firm Walitt Solutions recently welcomed a new member. The company stated they are “excited to add her expertise to the support it provides clients.”

B. Riley Financial recently announced the addition of a new executive at the company.

Valuation Review concludes its interview with Joseph Cioffi, an attorney with the New York-based firm of Davis+Gilbert, LLP.

In Part II of our feature, Cioffi addressed pre-existing programs that could be used for residential conversions.

Read on for the conclusion of this story.

Polly, the provider of mortgage capital markets technology and operator of the ’industry’s first cloud-native, commercially scalable product and pricing engine, recently announced its API integration with CoreLogic.

The integration joins Polly’s vanguard pricing engine and CoreLogic’s Digital Mortgage Platform.

Read on to learn more.

In the March 2024 Fannie Mae Appraiser Update, Fannie Mae spoke to hot appraisal topics such as zoning changes and highest and best use.

Americans owe more than $12 trillion on their mortgages, and WalletHub recently released its report on the “States Adding the Most Mortgage Debt” to show where homeowners are struggling the most.

Agcor, an AQUAOSO Technologies, PBC brand provider of agricultural lending software solutions, recently announced a milestone in its partnership with AgWare, a developer of appraisal software.

For this month’s sage advice for appraisers, Dustin Harris (“The Appraiser Coach”) shares his thoughts from his blogs “Change: Threat, or Opportunity” and “Confidence: The Second Key to Success.”

Harris notes change can mean opportunity, while confidence can carry an appraiser a long way.

Read on for more.

Calque recently announced the appointment of a new chief executive officer. He has over 25 years of experience in the mortgage, real estate, insurance, and risk management sectors.

The increase in mortgage rates in February drove a modest downgrade to expectations for total home sales and mortgage originations in 2024, according to the March 2024 commentary from the Fannie Mae Economic and Strategic Research Group.

Curinos, a global data intelligence business serving financial institutions across lending, deposits and digital banking solutions, recently announced a partnership with Lender Price, a provider of mortgage pricing technology and cloud-native digital lending solutions.

Valuation Review wraps up its conversation with Jared Preisler, chief appraiser and director of product development at DataMaster, who gives more observations about appraisal modernization.

In Part II of our feature, Preisler gave us insight regarding the modern appraisal to the traditional.

Read o n for the conclusion.

The first webinar in the Valuation Review Compliance Series of 2024 will be “Appraising Green Properties.” 

Appraisal Institute President Sandra Adomatis and Woody Fincham of Fincham and Associates will be sharing their insights on what it takes to compliantly appraise environmentally friendly features.

Read on to find out how you can order your copy of the webinar.

Recently, the National Fair Housing Alliance and the Tennessee Fair Housing Council announced they filed a housing discrimination complaint with the Department of Housing and Urban Development alleging a violation of the Fair Housing Act’s accessibility requirements at 13 multi-family rental properties in Alabama, North Carolina, South Carolina and Tennessee.

Truv, a provider of automated employment and income verification technology for mortgage lenders, banks and credit unions, is now a conditionally authorized report supplier for mortgage lenders using Fannie Mae’s Desktop Underwriter validation service.

Freddie Mac recently announced it appointed an interim CEO after CEO Michael DeVito stepped down on March 15.