Appraisers Blog

MARCH 7, 2022

The study also shows the appraisal was the LOWEST scored item on the list of discriminatory practices… On February 23, 2022, NAR published the “2022 Snapshot of Race and Home Buying in America” report. The post NAR Report Paints a Different Picture appeared on Appraisers Blogs.

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Appraisers Blog

JUNE 12, 2023

Does the director of the CFPB read these blog pages? He just might… From the linked page, excerpt from the blog by Mr Chopra; ‘While machines crunching numbers might seem capable of taking human bias out of the equation, they can’t. Excellent, another really great piece, thank you. ’ 3

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Appraisers Blog

NOVEMBER 22, 2022

A while ago I saw a ‘consumer facing’ article telling people how they could get the value on their home. How in the heck is Zillow supposed to discern QUALITY of these homes, and then magically produce a presumed value,…. The post AVMs… The Not So Accurate Magic Bullet appeared on Appraisers Blogs. Well, not so fast.

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Appraisal 98

ThomsonReuters

JUNE 16, 2023

The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders. appeared first on Tax & Accounting Blog Posts by Thomson Reuters. The post Are accounting firms keeping remote work positions?

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Appraisers Blog

OCTOBER 4, 2022

Something that has ‘stuck in my craw’ or ‘frosted my cookies’ for years is the nonsense about stating a specific “PREDOMINANT” price for neighborhood homes. The possible exception to this are highly dense urban developments where the new construction homes are cookie cutters, and the builder sells. Real estate is IMPERFECT.

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Appraisers Blog

JUNE 22, 2022

Home appraisal came under scrutiny for contributing to the home-price bubble and enabling the origination of risky mortgages that led to the post-2006 foreclosure crisis. The post Corelogic Take on Appraisal Overvaluation appeared on Appraisers Blogs. Here’s the abstract. On January 4, 2021, the….

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Appraisers Blog

APRIL 25, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. AI meets with Fannie Mae regulators to.

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Appraisers Blog

APRIL 6, 2023

Fannie Mae took a direct shot at appraisers with the announcement of… Eroding Consumer Protection Waiving appraisal requirements on residential homes could erode consumer protection, stall attempts to create diversity in the profession.

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Appraisers Blog

MARCH 22, 2023

Home Valuations Are Being Subverted appeared on Appraisers Blogs. Fannie Mae took a direct shot at appraisers with the announcement of… Speed Regardless of Accuracy Under the Banner of… Appraisers, something - comparing and contrasting - dawned on me last week, after reading another news release titled "Dean Kelker:… The post How U.S.

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Appraisers Blog

MARCH 9, 2023

Appraisal trainees aren’t good enough, so now we will have unlicensed inspectors going through the homes of unsuspecting homeowners. appeared on Appraisers Blogs. Two options for the future, both of which do great harm to the appraisal industry. First, “third party” inspections. The End of Appraisers?

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Appraisal 98

Appraisers Blog

FEBRUARY 2, 2023

The appraiser scheduled an inspection for a dwelling being sold, and uses a ‘MLS Key’ for entry to homes with a lockbox, without having an agent present. appeared on Appraisers Blogs. USPAP does not define the term arm’s-length transaction. Fannie Mae also lacks such a definition.

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Appraisal 98

Appraisers Blog

JANUARY 24, 2023

I recently took on a measure job for a client who was questioning the square footage of their home. The lender allowed an unlicensed property data collector give bad data to the appraiser… I work for this lender and they will not let my trainee inspect. The owners are now underwater by more than $100,000… I’m sad and I’m mad!

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Appraisers Blog

JANUARY 18, 2023

Arrangements are entrusted to Legacy Funeral Home, Wasilla Heritage Chapel. The post Wife’s Tribute to Bill King appeared on Appraisers Blogs. The one below was published on Sunday January 15, in the Anchorage Daily News: Orbituary William Edward King, 67, of Palmer, Alaska, passed away on Jan. Note that no cause of death is stated.

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Appraisal 98

Appraisers Blog

APRIL 10, 2023

Related Posts: A Low Appraisal is Now a Bad Appraisal A low appraisal is now a bad appraisal. Well, that's according to the headline. The article does not stress ‘bad.’…

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Appraisers Blog

JANUARY 6, 2023

Then in 2008 again: stated income, 40 year loans, predatory lending (REFINANCING), NO money down (no skin in the game); people used their homes as a slot machine that paid out every time; that is as long as the market values continued to rise. The post Appraisers the Convenient Scapegoats appeared on Appraisers Blogs.

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Appraisers Blog

DECEMBER 21, 2022

Senate has announced the passage of HR 7735, the Improving Access to the VA Home Loan Benefit Act of 2022. The post The VA Required to Encourage Hybrids – Senate Passes HR 7735 appeared on Appraisers Blogs. If you are a VA Appraiser, here’s a bit of news you need to keep tabs on. Under the terms of HR 7735, sponsored by Sen.

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Appraisal 98

Appraisers Blog

FEBRUARY 28, 2023

Related Posts: The Real Cause of the Home Value Gap Is the Income Gap Blaming appraisers for the income gap will never solve the real underlying problem. He submitted a pseudoscientific article to a cultural studies journal called Social Text. By design, his paper was strewn with nonsense.

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Appraisers Blog

JULY 14, 2022

The post Appraisers Should Closely Watch Probe of Departed Brookings Boss appeared on Appraisers Blogs. Independent Fee Appraisers Under Attack Appraisers, I have reached my boiling point about the negative press ‘we’ Independent Fee Appraisers have been receiving for many….

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Appraisers Blog

JANUARY 13, 2023

Meanwhile, cratering home prices are eroding demand for the junk-rated credit transfers. appeared on Appraisers Blogs. As mortgage giants Fannie and Freddie bend the knee to their political overlords, they securitize ever riskier loans. It’s a sign of the times. The post Why Are Fannie, Freddie Peddling Exotic Junk-Rated Risk Swaps?

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Appraisers Blog

OCTOBER 12, 2022

The government wants to move to a fully automated appraisal format, and the more that they can dirty the narrative in their favor, the quicker they get to their objective… This just in: In a recent memo, the CFPB wants you to know that if you are buying a home, that you can contest your appraisal. This isn’t new. Not at all.

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Appraisal 98

Appraisers Blog

JULY 12, 2022

Related Posts: Floor Plans Could Be an Issue in Appraising.concerns that appraisers could be sued for making floor plans of a home. appeared on Appraisers Blogs. The UCDP ‘sees’ every report for a particular property address, and keeps track. I’m an AI “member” (because I pay…. There has been a lot of discussion….

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Appraisal 105

Appraisers Blog

JULY 5, 2022

…concerns that appraisers could be sued for making floor plans of a home… I’m an AI “member” (because I pay membership dues) even though I’m not supposed to say it that way. The post Floor Plans Could Be an Issue in Appraising appeared on Appraisers Blogs. Technically, I am an Appraisal Institute Practicing Affiliate.

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Appraisers Blog

JUNE 28, 2022

Appraisers, Another friend has provided a copy of an appraisal on the friend’s home. The post Subject Property Actual Location appeared on Appraisers Blogs. Quit Overreporting! Why Do Appraisers Keep Overreporting.?

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Appraisal 105

Appraisers Blog

SEPTEMBER 26, 2022

The post Slow VA Appraisal Turnaround Times Is Overblown appeared on Appraisers Blogs. Federal Valuation Agency Impact on Appraisers & the Public To establish an independent agency to be known as the Federal Valuation Agency that would oversee the appraisal industry in….

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Appraisal 98

Appraisers Blog

SEPTEMBER 2, 2022

Convinced racism torpedoed valuations in their home refinancings, the owners of three properties in the San Francisco Bay Area told their stories to Julian Glover, a reporter who covers the race, culture and social justice beat for ABC’s San Francisco affiliate.

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Appraisal 98

Appraisers Blog

JANUARY 31, 2023

Why Are Fannie, Freddie Peddling Exotic Junk-Rated Risk… Meanwhile, cratering home prices are eroding demand for the junk-rated credit transfers.

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Appraisers Blog

MARCH 30, 2022

Is a real estate agent the right individual to state what adds value on a home appraisal? The post Critique of Freddie Mac’s Misleading Appraisal Gap Report appeared on Appraisers Blogs. Ghost Busters! (no,….

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Appraisal Finance 105

Appraisers Blog

JULY 1, 2022

The Doomed Quest to Reform a corrupt West Virginia Licensing Board “Board members earn money working for a law firm that files lawsuits against appraisers,” said one West Virginia appraiser… Readers of DC Comics will be familiar with Bizarro World, a cube-shaped planet that is home to a weirdly inverted version of reality. This meeting….

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Appraisal 98

Appraisers Blog

SEPTEMBER 9, 2022

If you are notified that your home, land, or property will be condemned for a public use, you will likely have many questions that need answers. appeared on Appraisers Blogs. The exercise of this power is commonly known as condemnation. The power itself is referred to as the eminent domain power. This new law in NY has….

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Appraisers Blog

JUNE 27, 2023

Possible avenues of liability; listing agent, buyers agent, home inspector, real estate appraiser. Your own home owners policy may also provide assistance with filing claims. That would include an additional home inspector, a review of the first home inspection. I’m just looking at this now. Factor that in.

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Appraisers Blog

MAY 20, 2022

7735, Improving Access to the VA Home Loan Act of 2022. The post Proposal to Eliminate the VA Fee Panel appeared on Appraisers Blogs. On May 18, the Subcommittee on Economic Opportunity held a legislative hearing on the Discussion Draft of H.R.

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Appraisers Blog

APRIL 28, 2022

The post Sales Comparison Approach is Racist appeared on Appraisers Blogs. Racial Bias: Redlining in the Modern Era.are they behind this modern day redlining? The broad definition of an algorithm according to Merriam Webster’s Dictionary is “a….

Appraisal 98

Appraisal 98

Appraisers Blog

APRIL 25, 2022

Hello Maryland Appraiser: It has come to the attention of the Maryland Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors (“Commission”) that there may be confusion over where a supervising appraiser and trainee are supposed. So what does Fannie Mae do?

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Appraisal 98

Appraisers Blog

SEPTEMBER 30, 2023

Deja Vu All over Again… Although blogs and social media weren’t around back in the late 2000’s after the 2008 crash, and the reasons for the lack of work are different, what I am hearing and feeling about our profession is not that much different. What about home builders and land developers?

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Appraisers Blog

APRIL 14, 2022

The Austins’ lawsuit, filed this past December, claims Miller valued their home at $995,500. The post First Known Racial Bias Court Case Against Appraiser appeared on Appraisers Blogs. On February 23,…. Brian Stevens of NREP questions why no evidence has been put forward to support systemic racism in appraising. He proposes….

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ThomsonReuters

APRIL 25, 2024

First home purchase. Individuals can take up to $10,000 in early distributions from an IRA for the purchase of a first home without incurring the early withdrawal penalty. Blog Navigating state taxes on retirement income is a critical aspect of financial planning for retirees.

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ThomsonReuters

MARCH 5, 2024

In this blog, we will explore the intricacies of Form 1042-S, exploring its purpose, who is required to file it, and the crucial information it contains. sources may need to report the income on their tax returns in their home country. What is Form 1042-S? Withholding Agents: If you are a U.S.

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Compliance 52