Tag Archives: Real Estate

Is This Fraud or What?

Is the Welcome Mat Down and the Door Opened Wide for Fraud? “What Appraisers Need to Know about Property Data Collection” is a topic of discussion in the latest Fannie Mae Newsletter.  The article describes how property data is being collected and being sent to Fannie Mae to determine the type of valuation that is… Read More »

Call to Action!

  Speak About Hybrid Appraisals at the VREAB Meeting Tomorrow! The Virginia Real Estate Appraisal Board meets tomorrow for its quarterly meeting. The meeting will take place at DPOR Offices, located at 9960 Mayland Dr, Richmond, VA 23233 @ 10:00 AM. The agenda can be found on the Townhall.  This meeting is important as hybrid… Read More »

Important Info & Dates

February 5, 2019: This is the last day to submit comments to Federal Agencies concerning raising the minimum threshold for appraisals from $250,000 to $400,000. As of this writing, 275 comments have been received. Come up folks, there are 70,000 plus appraisers in this country, and less than 1% have commented. Please comment and encourage others… Read More »

Breaking: HUD Deputy Secretary Resigns!

Housing Wire reported Deputy Secretary Pam Patenaude announced she is  stepping down.  “It has been my honor to serve President Trump and Secretary Carson and I am deeply grateful to both for this opportunity,” her resignation letter states. “Thank you to my HUD family and fellow “housers” for helping Americans access decent, safe and affordable… Read More »

Call to Action: Comments Needed

The OCC, Board, and FDIC (collectively, the agencies) are inviting comment on a proposed rule to amend the agencies’ regulations requiring appraisals for certain real estate-related transactions. The proposed rule would increase the threshold level at or below which appraisals would not be required for residential real estate-related transactions from $250,000 to $400,000. Consistent with… Read More »