The following is written by a VaCAP guest author. The author, writing under the pen name “Steadfast Appraiser” is an appraiser who values the profession and believes in promoting public trust. The Shifting Narrative of Appraisal Modernization Is there a Crisis? Rahm Emanuel eloquently stated “You never let a serious crisis go to waste. And… Read More »
Happy Anniversary to the Network of State Appraisal Organizations! Five years ago this week Appraisers from VaCAP, NCREAA and SCPAC met and the Network was formed. It has now grown to 30 organizations. Appraisers have a strong voice! 1000% growth in five years! Washington, Georgia (AGREA), Georgia (GCAP), Arizona, Arkansas, California (REAA), Californa (CCAP), Nevada,Delaware,… Read More »
Senate Bill No. 1168 Senate Bill 1168 has been introduced into the Virginia Senate by Senator Bill DeSteph and impacts Real Estate Appraisers and Appraisal Management Companies. The bill allows for a regulatory Board within the Department of Professional Occupation Regulations to “expunge” a disciplinary record of a licensee. See the bill in the Virginia… Read More »
VaCAP sent out a “Call to Action” a month ago to comment on the proposed increase in the appraisal threshold to $400,000. As of this writing, only 168 comments have been received. This is our Future, Please Comment Now! The OCC, Board, and FDIC (collectively, the agencies) are inviting comment on a proposed rule to… Read More »
The Appraisal Foundation has released a White Paper on Requests for Reconsiderations John Brenan, Director of Appraisal Issues, states: “This paper is intended to provide information to assist appraisers, users of appraisal services, and others, with a greater awareness and understanding of issues surrounding the reconsideration process and offer some suggestions for those who wish… Read More »
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 »
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 »