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News By Edition
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Valuation Review Edition
June 12, 2023
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Freddie Mac outlines specifics of ACE+ PDR loans
Posted Date: Wednesday, May 24, 2023
Valuation Review reached out to Freddie Mac Single-Family Chief Appraiser Scott Reuter, who shared some facts about the government-sponsored enterprises’ (GSE) ACE+ PDR (automated collateral evaluation plus property data report) offering.
Reuter answered several FAQs about loan eligibility as it relates to Freddie Mac’s guidelines.
Read on for the full conversation.
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Veteran appraiser welcomes new industry role
Posted Date: Monday, June 5, 2023
Recently, Valuation Review told its readers about the new assignment of appraiser Tony Pistilli, who now serves as general manager of valuations for Restb.ai.
We caught up with Pistilli, who shared more information about his new assignment and his thoughts about the current status of the appraisal profession.
Read on for the full conversation with this industry veteran.
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Veteran appraiser emphasizes importance of those you surround yourself with
Posted Date: Wednesday, May 31, 2023
Dustin Harris, “The Appraiser Coach,” highlights two key mindsets of business for the month of June.
Harris speaks to appraisers from his blogs “Who Are You Surrounding Yourself With?” and “Do What You Love and Love What You Do.”
Read on for more tips from the "coach."
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AI PAREA program receives AQB approval
Posted Date: Monday, May 22, 2023
On May 18, the Appraisal Institute (AI) announced the Appraiser Qualifications Board has provided approval of AI’s Practical Applications of Real Estate Appraisal (PAREA) program for the licensed residential path. The Appraisal Foundation’s Board of Trustees awarded the Pathway to Success Grant to the Appraisal Institute to assist with the development of the PAREA program.
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Idaho appraisers facing challenges from uncooperative homeowners
Posted Date: Monday, June 5, 2023
Property appraisers in Idaho County, Idaho, are facing increasing risks from people who are noncooperative and will not allow appraisers on their property.
The Idaho County Assessor’s office reported that staff has faced “potentially dangerous situations” from landowners.
Read on to learn more.
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Attorney addresses statutes of limitations concerning appraisers
Posted Date: Monday, 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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Appraiser pleads guilty to fraud scheme
Posted Date: Wednesday, June 7, 2023
A North Carolina land appraiser recently pleaded guilty to conspiring to defraud the United States as part of a syndicated conservation easement tax shelter scheme.
This involved inflating charitable contribution deductions based on a fraudulent appraisal value of a conservation easement on land that claimed more than $1.3 billion in fraudulent tax deductions.
Read on for more details.
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ATTOM breaks down best times to sell a home
Posted Date: Wednesday, May 24, 2023
ATTOM released its annual analysis of the best days of the year to sell a home, which shows the months of May, June and April offering seller premiums of 10 percent or more above market value – with the top 16 best days to sell in the month of May alone.
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Redfin: Some home prices falling in pandemic boomtowns
Posted Date: Wednesday, May 24, 2023
One-quarter of homes for sale in Austin, Texas, (25.8 percent) have lower estimated monthly housing payments than they would have if they had been for sale a year ago, according to a new report from Redfin.
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Former HUD official sentenced
Posted Date: Wednesday, May 31, 2023
A former U.S. Department of Housing and Urban Development official was sentenced for falsifying financial disclosure forms, according to a release from the United States Department of Justice.
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Freddie Mac: Mortgage rates down slightly
Posted Date: Wednesday, May 31, 2023
Freddie Mac recently released the results of its Primary Mortgage Market Survey showing the 30-year fixed-rate mortgage (FRM) averaged 6.35 percent. A year ago, at this time, the 30-year FRM averaged 5.30 percent.
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Agencies issue joint statement on discrimination, bias in automated systems
Posted Date: Wednesday, May 24, 2023
On April 25, officials with the Consumer Financial Protection Bureau, the Justice Department’s Civil Rights Division, the Equal Employment Opportunity Commission and the Federal Trade Commission issued a joint statement about enforcement efforts to protect the public from bias in automated systems and artificial intelligence.
They said America’s commitment to the core principles of fairness, equality, and justice is deeply embedded in the federal laws that the agencies enforce to protect civil rights, fair competition, consumer protection, and equal opportunity.
Read on to learn more.
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A conversation with Reggora’s Brian Zitin
Posted Date: Wednesday, May 31, 2023
Recently, Valuation Review brought to the attention of its readers the Reggora launch of its appraisal fulfillment solution, The Appraisal Marketplace.
We sat down with Reggora co-founder and CEO Brian Zitin, who shared more details about this solution.
Read on for the full conversation.
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Drone educator outlines changing landscape in real estate
Posted Date: Wednesday, June 14, 2023
Lamar Ellis of Drone Education Services, one of the leading authorities on drone technology, reached out to Valuation Review to share thoughts from his article, “The New Real Estate.”
Ellis said aerial technology is about to change the landscape of the real estate market.
Read on for the full story.
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More keys to a successful real estate business shared
Posted Date: Wednesday, June 14, 2023
Valuation Review concludes its conversation with the regional owner of EXIT Mid-Atlantic who works with and supports all of the EXIT real estate franchises in the Mid-Atlantic territory that includes the states of Maryland, Delaware, West Virginia, Pennsylvania and the District of Columbia.
Jonathan Rundlett shares more company “secrets to success.”
Read on for the conclusion of this story.
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Survey: Most, least affordable cities revealed
Posted Date: Wednesday, June 14, 2023
With the median home sales price having skyrocketed from $313,000 in Q1 2019 to $436,800 in Q1 2023, the personal-finance website WalletHub recently released its report on 2023’s “Most Affordable Cities for Home Buyers.” A comparison of 300 US. cities across 10 metrics were used for the survey.
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OptifiNow powers Foundation Mortgage’s lending growth
Posted Date: Wednesday, June 14, 2023
Foundation Mortgage Corp. recently announced the OptifiNow TPO CRM platform has helped it rapidly grow its wholesale mortgage division within two months of launching its TPO channel. In a press release, Foundation Mortgage CEO Marc Halpern commented on this growth opportunity.
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