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Appraisal Institute
Shareholders Sue Government over Fannie, Freddie Takeover

Fannie Mae and Freddie Mac shareholders sued the federal government June 10, alleging the government’s 2008 takeover of the government-sponsored enterprises and the latest revision of bailout terms represented an illegal taking of the GSEs’ assets, The Wall Street Journal reported.

6/19/2013 7:00:00 PM

Appraisal Institute
CoreLogic: Rising Home Prices Rescue Underwater Borrowers

The number of underwater homeowners dropped below 10 million for the first time in more than three years during the first quarter due to increased home prices, analytics firm CoreLogic reported June 12 in its First Quarter Equity Report. Negative equity decreased more than $50 billion to $580 billion as of March, down from $631 billion in December.

6/19/2013 7:00:00 PM

Appraisal Institute
IRS Resists Negotiation on Penalties

The Internal Revenue Service is opposed to negotiating penalties with noncompliant taxpayers, a stance that should benefit appraisers and tax advisors because individuals will be required to assume more responsibility for their deductions, Bloomberg BNA reported June 10.

6/19/2013 7:00:00 PM

Appraisal Institute
Study: Incentives, Valuation Influence Energy-efficiency Measures

Commercial, industrial and institutional building owners and managers in the U.S. surveyed by the Institute for Building Efficiency said that tax incentives or rebates would most influence decisions to implement energy-efficiency measures; 7 percent cited adoption of green appraisal standards as a main influence, according to findings released June 11.

6/19/2013 7:00:00 PM

Appraisal Institute
Freddie Mac Improvements to Benefit Investors, Appraisers

Freddie Mac said it will increase transparency by standardizing processes and releasing more raw data to attract private investors to the mortgage securitization market, The Washington Post reported June 10. Freddie also will institute a new systematic method for home appraisals.

6/19/2013 7:00:00 PM

Appraisal Institute
Paper Revives Debate over Eminent Domain Mortgage Seizers

A paper released June 11 by a visiting professor at the New York Federal Reserve said that using eminent domain to seize underwater mortgages could significantly reduce the nation’s foreclosure rate — and may revive interest in a plan many communities rejected in 2012, National Mortgage News reported.

6/19/2013 7:00:00 PM

Appraisal Institute
BofA Reclaims Share of Residential Mortgage Market

Bank of America has started to gain traction in home loans after its share of the mortgage market sank to 4 percent following its closure of a business unit that bought loans marketed by third-party firms, Bloomberg reported June 11. The lender boosted home-loan volume 57 percent since the beginning of the year through March.

6/19/2013 7:00:00 PM

Appraisal Institute
Survey: Investors Pulling Out of REO-to-rent Market

Higher prices are causing investors to cool on the idea of buying distressed properties in bulk and then renovating and renting them out, according to a national survey of investors commissioned by real estate investment firm Premier Property Management, AOL Real Estate reported June 12.

6/19/2013 7:00:00 PM

Appraisal Institute
Mortgage Rates Rise for Six Straight Weeks

Fixed mortgage rates increased for the sixth consecutive week, Freddie Mac reported June 13 in its weekly Primary Mortgage Market Survey. The 30-year fixed-rate climbed 0.07 percent since last week to 3.98 percent while the 15-year fixed-rate rose 0.07 percent to 3.10 percent.

6/19/2013 7:00:00 PM

Appraisal Institute
Nominations for AI SPC Chair due July 22

The Appraisal Institute is seeking the names of Designated members interested in serving as chair of the organization’s Strategic Planning Committee for the term Jan. 1, 2014 through Dec. 31, 2015. Interested individuals must complete the Leadership Resources Registry by July 22.

6/19/2013 7:00:00 PM

Realtor.org - Appraisal
2011-12 Cost vs. Value: Big-Bang Remodeling Projects

Find out which remodeling projects will provide the biggest bang for your buck this year, according to Remodeling magazine.

6/19/2013 5:38:37 PM

Realtor.org - Appraisal
Fannie Mae Selling Guide

Below is a list of the main sections in the Fannie Mae Selling Guide that address appraisal requirements. We have included a brief description under each section that highlights the relevant information you will find in that area. Please note this list does not encompass every section tha...

6/19/2013 5:38:37 PM

Realtor.org - Appraisal
Seller and Servicer Guides

Fannie Mae and Freddie Mac, the government sponsored enterprises (GSE), together provide the appraisal requirements lenders and appraisers must adhere to for conventional mortgages that will be purchased on the secondary mortgage market. NAR has compiled this list as a guide to help navigate through the Seller/Servicer Guides and relevant updates as provi...

6/19/2013 5:38:37 PM

Realtor.org - Appraisal
Field Guide to Business Value

(Updated June 2013)

Valuing the intangible? Understand the distinctions between business value, going-concern, and goodwill—and find out how these concepts apply to hotels & motels, retail establishments, and special purpose properties—in this updated field guide.

Terminology...

6/19/2013 5:38:37 PM

Realtor.org - Appraisal
Field Guide to Land Investment

(Updated January 2013)

While land investment may not provide the instant gratification of a home purchase, this sort of venture can be quite lucrative. Land investors have different needs and concerns than those of typical real estate investors - zoning, planning, environmental issues are just a few of the chal...

6/19/2013 5:38:37 PM

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