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News By Edition
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Valuation Review Edition
April 20, 2020
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Appraisal organizations ask for stay at home exemption
Posted Date: Wednesday, April 8, 2020
The Appraisal Institute (AI) joined four other real estate organizations recently seeking a specific ruling.
AI and the other groups asked state and local government leaders to include appraisers among essential services exempted from stay-at-home or shelter-in-place orders.
Read on for more information and specifics that were outlined in the organizations’ letter.
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More calming advice from appraisers
Posted Date: Monday, March 30, 2020
In an effort to try and keep our readers informed about the appraisal profession while dealing with the daily working restrictions associated with the coronavirus, Valuation Review continues to speak with industry people for more tips and guidance.
More appraisers are willing to share with us some basic facts and safety tips to help business people try to remain professionally productive during this time.
Read on to find out what other appraisers are doing.
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The unknown most alarming to appraisers, everyone
Posted Date: Monday, April 6, 2020
What more can appraisers do?
Valuation Review shares with you the thoughts of one appraiser familiar to our readers as Dustin Harris, “The Appraiser Coach,” weighs in on what he would tell real estate appraisers during this time.
Read on to learn more.
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Brenan leaving TAF
Posted Date: Monday, April 6, 2020
The Appraisal Foundation (TAF) President David Bunton said that Appraisal Standards Board member Lisa Desmarais has joined the organization as vice president of appraisal issues replacing John Brenan, who is departing TAF after 16 years. Read on for more information and hear what Brenan told Valuation Review about his time with TAF and the future.
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Fannie Mae updates letter
Posted Date: Monday, April 6, 2020
Earlier, Fannie Mae released a lender letter regarding the impact of COVID-19 on appraisers. Recently, Fannie Mae made some updates to this document. Read on to find out more.
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Extension announced on REAL ID compliance
Posted Date: Monday, April 6, 2020
The Department of Homeland Security (DHS) Acting Secretary Chad Wolf released a statement pertaining to an extension on the REAL ID enforcement law. Read on to find out the details and see the full statement from the DHS secretary.
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FHFA moves to provide eviction suspension relief
Posted Date: Wednesday, April 8, 2020
To keep renters in multifamily properties in their home and to support multifamily property owners during the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) is announcing that Fannie Mae and Freddie Mac will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters. Read on for more information about this from the FHFA.
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SBA, Treasury detail Paycheck Program terms
Posted Date: Wednesday, April 1, 2020
Days before small businesses were allowed to submit requests for the Paycheck Protection Program, a $349 billion loan program administered by the Small Business Administration and authorized by the Coronavirus Aid, Relief, and Economic Security Act, the agency and the Treasury Department released key details of the program.
Among the major announcements – not all of the expenses which the stimulus bill said were eligible for loan forgiveness might be paid.
Read on for details from the agencies’ latest guidance.
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BBG lands award in condemnation case
Posted Date: Wednesday, March 25, 2020
BBG announced that a jury recently awarded $750,000 to a New Jersey used automobile dealership.
This was in regard to a land condemnation action, the company announced in a release.
Read on to learn more about the case.
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Loan originator explains what buyers should be aware of
Posted Date: Wednesday, March 25, 2020
Valuation Review sat down with First Commonwealth Mortgage’s Brad Binder.
Binder discussed all that potential homebuyers should know when engaging in what will be the single most important financial decision of their lives, in addition to the beneficiaries of the appraisal report.
Read on to learn more.
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Zillow: Housing markets shifting
Posted Date: Monday, March 30, 2020
It has been a wild ride for mortgage rates over the past month, but today’s market is anything but typical.
Typical conditions have changed as some jurisdictions have mandated or recommended citizens remain at home in an effort to slow the spread of COVID-19, according to a report from Zillow.
Read on to learn more.
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Veros identifies Tennessee homes damaged by tornado
Posted Date: Monday, March 30, 2020
Veros Real Estate Solutions released data analysis showing 11,519 single-family homes in Nashville, Tenn., and surrounding areas which likely have been impacted by the destruction of the recent tornadoes in the area. Read on to learn more.
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‘Fixer-upper’ effect lingers for modern farmhouses
Posted Date: Monday, March 16, 2020
According to a Zillow analysis, homes with shiplap, barn doors and farmhouse sinks sell for more.
They also, Zillow says, sell faster than expected.
Read on to learn what else can sell quickly from this report.
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Seeing the big ‘picture’ with drone photography
Posted Date: Monday, March 30, 2020
Valuation Review spoke with Scott Anderson, a Certified General appraiser,on the subject of drones.
Anderson shared his views on what appraisers can accomplish by using drones and taking pictures from all kinds of places and angles.
Read on to find out what he told us.
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More updates from Fannie Mae
Posted Date: Monday, April 13, 2020
Fannie Mae is issuing more Covid-19 information for appraisers.
Fannie is updating requirements relating to forbearance plans, achieving QRPC with a borrower in regards to a forbearance plan, credit bureau reporting, and suspension of foreclosure activities and certain bankruptcy requirements.
Read on for more important information.
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Website releases overleveraged cities list
Posted Date: Monday, April 13, 2020
Mortgage rates are low, but 30-year fixed-rates had started to rise again, according to the free-credit-score website WalletHub study, which recently released its 2020 Home Overleverage Report. Read on to learn more.
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SharperLending introduces VP
Posted Date: Monday, April 13, 2020
Mortgage and financial technology provider SharperLending expanded its sales organization by welcoming a new executive. Read on to find out who this person is and how this expansion moves the company forward.
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TAF, ASB providing more tips, guidance
Posted Date: Wednesday, April 8, 2020
The Appraisal Foundation (TAF) and the Appraisal Standards Board (ASB) has stepped forward to provide appraisers important answers to questions surrounding COVID-19, and how the virus can impede the progress of the profession.
Valuation Review shares the answers and facts from TAF, as well as getting some thoughts in general from others in the industry.
Read on to learn more.
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Know your surroundings with drones, appraiser says
Posted Date: Wednesday, April 8, 2020
As far as utilizing drones are concerned, appraisers not only need to know what kind of drones work best and how to operate such technology, but more importantly, where one flies the drone and the present conditions in those locations are just as critical.
Scott Anderson, a Certified General appraiser speaks to more factors appraisers should know when operating drones.
Read on to learn more.
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Clear Capital launches inspection tool
Posted Date: Wednesday, April 8, 2020
Clear Capital unveiled OwnerInsight, a tool that enables safe social distancing while empowering homeowners to provide timely, high-quality information and images of the interior and exterior of their homes to lenders, appraisers, and appraisal management companies through a secure interface. Read on to learn more.
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Evolve Mortgage Service, Pavaso partner for solution
Posted Date: Wednesday, April 8, 2020
Evolve Mortgage Service and Pavaso announced a partnership which now will have the ability to deliver a true, end-to-end digital mortgage experience that includes a full library of electronic- or e-enabled documents built entirely of Category One SMARTDocs and an eClosing platform that seamlessly supports remote online notarization. Read on to learn more.
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SBA to manage stimulus bill funding
Posted Date: Monday, April 6, 2020
Within the recently passed $2 trillion stimulus and relief bill is a $349 billion fund, to be managed by the Small Business Administration, to help small businesses continue to meet ongoing payroll and critical bill needs during the COVID-19 pandemic.
How will this funding benefit the appraiser who owns his/her own business?
Read on for more details and find out when businesses can begin applying for loans.
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SBA, Treasury detail Paycheck Program terms
Posted Date: Monday, April 6, 2020
Days before small businesses were allowed to submit requests for the Paycheck Protection Program, a $349 billion loan program administered by the Small Business Administration and authorized by the Coronavirus Aid, Relief, and Economic Security Act, the agency and the Treasury Department released key details of the program.
Among the major announcements – not all of the expenses which the stimulus bill said were eligible for loan forgiveness might be paid.
Read on for details from the agencies’ latest guidance.
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SBA to manage stimulus bill funding
Posted Date: Wednesday, April 1, 2020
Within the recently passed $2 trillion stimulus and relief bill is a $349 billion fund, to be managed by the Small Business Administration, to help small businesses continue to meet ongoing payroll and critical bill needs during the COVID-19 pandemic.
How will this funding benefit the appraiser who owns his/her own business?
Read on for more details and find out when businesses can begin applying for loans.
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