News By Edition

The Appraisal Institute (AI) recently welcomed its new CEO.

Valuation Review caught up with Cindy Chance for an in-depth interview where she shared her immediate thoughts on the profession and her goals for AI.

Read on for the complete conversation with Chance.

John Brenan recently joined PropertyRate as its senior vice president of valuation policy and strategy.

Valuation Review sat down with Brenan to find out more about his new assignment, as well as other perspectives he shared regarding the profession.

Read on for all of the details.

The chief appraiser resigned from the Tarrant Appraisal District in Fort Worth, Texas, after receiving nonconfidence votes from local elected officials.

He was then hired to be chief appraiser in another Texas district.

Read on for more of the story.

BBG reached out to Valuation Review to share the thoughts of the company’s managing director of land surveying regarding maximizing one’s return on their investment.

She discusses getting the best value out of every real estate transaction.

Read on for more information.

Rebates are powerful tools for increasing cooperation between trading partners and driving margin growth, but they have to be deployed and managed effectively, according to an article in Global Trade Magazine.

This means developing incentive schemes that maximize value for both partners, effectively managing the rebate strategy, and most importantly, understanding the numbers.

Read on to learn more.

The Appraisal Institute (AI) recently announced the organization’s Practical Applications of Real Estate Appraisal program (PAREA) for the licensed residential path has launched broadly, and registration is now open. The Appraisal Foundation’s Board of Trustees awarded the Pathway to Success Grant to AI to assist with the development of the PAREA program.

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

U.S. home price gains rebounded year-over-year in July with increasing numbers.

Read on for more numbers.

Recent economic data has pointed to a stronger economy than previously expected, but the current business cycle contours still point to an eventual downturn, according to the August 2023 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.

In a letter to the Consumer Financial Protection Bureau and several other agencies, the Mortgage Bankers Association and the Consumer Bankers Association expressed concerns regarding the agencies’ proposed rule on Quality Standards for Automated Valuation Models.

The MBA and the CBA outlined specifics, with recommendations moving forward.

Read on to learn more.

Intercontinental Exchange (ICE), Inc., a global provider of data, technology, and market infrastructure, and Black Knight, Inc., a software, data and analytics company that serves the housing finance continuum, announced that ICE has completed its acquisition of Black Knight.

The two companies secured a settlement with the Federal Trade Commission, which had initially tried to block the deal over antitrust concerns. 

Read on for the complete story surrounding this acquisition.

Haystacks, a data aggregation and intelligence platform for single-family rental property, is transforming the real estate investment landscape by leveraging the power of property data and advanced analytics.

In a study, CoreLogic’s flexibility and support expedited Haystack’s expansion process and limited its growing pains.

Read on to learn more.

The National Association of Mortgage Brokers applauded the Federal Housing Finance Agency's (FHFA) recent decision to postpone the implementation of the planned transition from a tri-merge to a bi-merge credit score model. The FHFA will allow time for additional public engagement to facilitate the transition to the proposed credit score models and credit report requirements for loans acquired by Fannie Mae and Freddie Mac.

KBRA, a full-service credit rating agency, recently revealed its research to assess the potential impacts of the Federal Housing Finance Agency’s plans to shift the requirement of three credit reports (tri-merge) to two credit reports (bi-merge) for single-family loan acquisitions.

Valuation Review is back on the road to attend the 2023 ASA International Conference in New Orleans on Oct. 1-3.

We look forward to sharing many unique aspects of both commercial and residential appraising.

Read on for a sneak preview of the conference.

JLL’s Value and Risk Advisory platform recently announced it hired a new director in its Los Angeles office.

He will work with Kai Pan, who leads the national multihousing practice for the group.

Read on to learn more.

Freddie Mac CEO Michael DeVito informed the Board of Directors of his intention to retire in the first quarter of 2024. The Board will begin a search for a successor.

Recently, Black Knight, now part of Intercontinental Exchange, announced that HomeStreet Bank, the bank subsidiary of HomeStreet, signed a multi-year contract extension for MSP, Black Knight’s comprehensive, end-to-end loan servicing system that supports all aspects of servicing, from loan boarding to default.

Recently, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the SBA has approved nearly $40 million in federal disaster loans for Hawaii business owners and residents impacted by wildfires that began Aug. 8.

Worth Valuation Services, a newly formed independent entity, recently acquired the valuation services division of Dwellworks LLC.

Worth will continue to provide lender and relocation appraisal services throughout the United States, its five territories, and Canada.

Read on for more news about this acquisition.

PropertyRate recently announced the launch of its valuation strategy and operations group to better meet the rapidly evolving needs of the mortgage industry. To support this initiative, PropertyRate strengthened its team with the addition of two industry veterans.

Freddie Mac recently reminded homeowners and mortgage servicers of its relief options for those affected by Hurricane Idalia. Freddie Mac’s forbearance program provides homeowners mortgage relief for up to 12 months without incurring late fees or penalties.