Are the profits being reported by Fannie and Freddie being skewed because of price fixing? In an article released on CNBC by Reuters, US District Judge Jed Rakoff ruled investors can pursue antitrust claims against banks for conspiring to fix prices of bonds from Fannie Mae and Freddie Mac. According to the article, there are… Read More »
” Can you hear that? Do your hear the rumble? It’s a train going 80 mph toward a 25 mph curve” There is an excellent article by Richard Hagar,SRA that hit everyone’s email this morning from Working RE Magazine. The title of the article is Why “Bifurcation” Won’t Work. This is an excellent read and… Read More »
This is a CALL TO ACTION . Please listen to Phil Crawford’s Voice of Appraisal Show released this morning. He has put out a call to action to every appraiser to write a letter of recommendation for VaCAP President Pat Turner to be appointed to the Appraisal Standards Board. Send your emails /letters of recommendations… Read More »
Appraisal Buzz published an article written by Joshua Walit on July 31, 2019 titled Nothing New Under the Sun: The Varied Face of Appraisal. The article brings up some good points, however; it does not take into account the reality of the market and the control of the lenders and appraisal management companies in the… Read More »
The Virginia Real Estate Appraiser Board met for its quarterly meeting yesterday. We are happy to report CoesterVMS no longer has a license to operate in Virginia. The Board voted to accept the consent order accepting the voluntary surrender of his license. The Board also passed a motion to draft legislation to be introduced into… Read More »
The Department of Justice announced yesterday they have initiated a review of anti- trust concerns with Big Tech Companies. From the Wall Street Journal article, the Federal Trade Commission and the Department of Justice collaborated on who would take the lead on this investigation. Also pointed out in the article, both the FTC and DOJ… Read More »
A recent email circulated among appraisers from a large national appraisal management company stating recent market research of appraisal fees had been conducted and our fees will be changing. The email indicated that some fees increased and some decreased. The email also gave instructions on placing your fee into their system and they will… Read More »
The next Virginia Real Estate Appraisal Board Meeting will be held on July 30th, 2019 @ 10:00 AM. This meeting will be a historic meeting as the board will be discussing the proposed hybrid appraisal guidance document and the corresponding 153 public comments. Also on the agenda, CoesterVMS is listed under the disciplinary cases! Why… Read More »
Most Americans associate July 4th with fireworks, barbecues and vacations. Sure, we all know July 4th is about freedom and independence, but is that the first thing that comes to mind when someone says July 4th? Since the Declaration of Independence was signed 243 years ago, the United States has grown, not only in population,… Read More »
VaCAP has learned the US House Financial Services Committee has concerns over Cryptocurrency and has requested a moratorium of Facebook until regulators and Congress have an opportunity to examine the issues and take action to protect consumers. “Because Facebook is already in the hands of over a quarter of the world’s population, it is imperative… Read More »