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News By Edition
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Valuation Review Edition
November 21, 2011
In the November 21, 2011, edition of Valuation Review, we report from the Valuation Expo trade show floor -- with updates on FHFA's regulations and the role of government in the industry and the tradgectory of future appraisals. Additionally, we answer common UCDP and PDF extraction questions, provide an update on the latest in U.S. home prices, fight fraud with an update from the FBI and tackle an appraiser's opinion in an eminent domain case. All that and more in the latest edition of Valuation Review! |
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Valuation Expo coverage: Reengineering the appraisal with Ed Pinto
Posted Date: Sunday, November 20, 2011
It's no surprise that the catalyst for change was the bottom falling out of the mortgage industry. Now, the poor practices of yesterday are being pushed out of the market place by the painful defining of new best practices. The bad blood has been let and appraisers are looking to recuperate. It was that theme which Ed Pinto captured during his presentation in the crowded Valuation Expo ballroom called "Reengineering the Appraisal." Read on for more.
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FHA report card to Congress shows needed improvement
Posted Date: Tuesday, November 15, 2011
The Department of Housing and Urban Development released its annual report to Congress on the financial status of the Federal Housing Administration Mutual Mortgage Insurance Fund. Read on for the update on what HUD called the backbone of the FHA single-family and reverse mortgage programs.
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LPS invites lenders into the GSE portal with new interface
Posted Date: Tuesday, November 15, 2011
Through its Loan Quality Gateway, Lender Processing Services' RealEC, Empower and LSI divisions are now directly integrated with the Uniform Collateral Data Portal. Read on for how lenders can leverage the new interface.
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Is a new appraisal system on its way from Zaio?
Posted Date: Monday, November 14, 2011
The U.S. Patent Office granted the Zaio Corp. a patent for the property appraisal system that is at the core of Zaio's service offering. Read on for details about what is protected under the new patent. At a time when data is at its most valuable in the industry, could this be the start of a new appraisal offering from the company?
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ASA to offer appraisal program at SUNY
Posted Date: Sunday, November 13, 2011
The American Society of Appraisers and Purchase College, State University of New York, are offering the 2012 Summer Appraisal Camp, June 4-18, 2012, at Purchase College, in New York. The two-week program of appraiser education is designed to give students the essential valuation skills needed to be an appraiser of personal property. Read on for the details.
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LPS HPI: 3.8 percent year-over-year decline in home prices
Posted Date: Sunday, November 13, 2011
Lender Processing Services Inc. updated its home price index, through its LPS Applied Analytics division, with residential sales concluded during August 2011. The LPS HPI summarizes national home prices by tracking monthly prices in over 13,500 ZIP codes. Within each ZIP code, it tracks five price levels from low to high. Read on for the latest update.
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Appraiser indicted for elevated appraisals
Posted Date: Sunday, November 13, 2011
An appraiser who allegedly provided fraudulently elevated appraisals in support of fraudulent loan applications in connection with two different mortgage fraud schemes was indicted by a federal grand jury in Pittsburgh on charges of bank fraud and wire and bank fraud conspiracy. Read on for more about the fraud plot.
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CoreLogic September HPI shows year-over-year decline
Posted Date: Wednesday, November 9, 2011
CoreLogic's September Home Price Index shows that home prices in the U.S. decreased 1.1 percent on a month-over-month basis, the second consecutive monthly decline. According to the CoreLogic HPI, national home prices, including distressed sales, also declined by 4.1 percent in September 2011 compared to September 2010. Read on for additional statistics.
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Reengineering the appraisal with Ed Pinto at Valuation Expo
Posted Date: Wednesday, November 9, 2011
Walking through the Valuation Expo trade show floor on Nov. 8, one theme emerged from all the discussions the Valuation Review team had — the appraisal industry is in a state of fluctuation. Major fluctuation. It was that theme which Ed Pinto captured during his presentation in the crowded Valuation Expo ballroom called "Reengineering the Appraisal." Read on for his take on the direction of future appraisals.
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Solidifi to hook into GSEs through UCDP platform
Posted Date: Wednesday, November 9, 2011
Solidifi U.S., a full-fee appraisal management services provider, announced that it will serve as one of the Uniform Collateral Data Portal integration platform providers for Fannie Mae and Freddie Mac. The UCDP, part of the Uniform Mortgage Data Program, is the single portal for submission of electronic appraisal data files to the government-sponsored enterprises.
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AGA seeks legal counsel to fight Federal Reserve regulations
Posted Date: Wednesday, November 9, 2011
The American Guild of Appraisers announced it has retained a law firm as part of a broad-reaching effort to overturn recent federal regulations that it says "dramatically cut the fees that appraisers are paid to perform appraisals, and threaten the viability of professional appraisal practice and the reliability of appraisals used in real estate transactions." Read on for the organizations concerns and its plans to address recent Federal Reserve regulations.
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FHFA's Alfred Pollard talks regulations and the role of government at Val EXPO
Posted Date: Wednesday, November 9, 2011
Powered by over-priced energy bars and strong coffee, the Valuation Review team stepped into the buzzing Valuation Expo trade show floor. From the chatter permeating from the booths, you'd never guess that it was 8 a.m. at Las Vegas' Luxor Hotel and Casino. Alfred Pollard, FHFA supervisor of the Office of General Counsel, took the stage during the opening keynote to provide an overview of the state of the industry and give an update on the rule making and new regulations.
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