Industry Archive

NAR Testifies Before House Subcommittee on Appraisal Issues

On June 28, 2012, Frank Gregoire testified before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity on behalf of the National Association of REALTORS® (NAR). Mr. Gregoire is an appraiser member of NAR and two-time Chair...

8 Ways to Boost Your Home Appraisal

From the Today Show this morning. Visit msnbc.com for breaking news, world news, and news about the economy...
March 12, 2012

NAR Calls for Ban on AMC Indemnification Clauses

On August 11, 2011, National Association of REALTORS® (NAR) President Ron Phipps sent a letter to federal regulators calling for a ban on the use of indemnification clauses used by appraisal management companies (AMCs). The letter was sent to...

The Agencies Have Spoken

The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the National Credit Union Administration (NCUA) – collectively...

Appraisal Foundation Looking for Subject Matter Experts

Last week the Appraisal Foundation’s Appraisal Practices Board (APB) put out a call for subject matter experts on declining markets.  The APB is looking for experts to “assist in the research and development of voluntary guidance on Residential Appraising...
November 22, 2010

Federal Reserve Board Issues Appraiser Independence Regs

Yesterday, the Federal Reserve Board released an interim final rule on appraiser independence.  The much-anticipated interim final rule is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203).  In their release, the Fed states...
October 19, 2010

TAVMA Asks for Delay in Fee Provision of Frank-Dodd

On August 25, 2010, The Title/Appraisal Vendor Management Association (TAVMA) sent a letter to the Federal Reserve Board (FRB) requesting that implementation of the customary and reasonable fee provision in Title XIV of the Frank-Dodd act be delayed.  The...
September 7, 2010

PEMCO Looking for FHA-Approved Appraisers

Pacific Engineering Management Company (PEMCO, Ltd) was awarded 5 Housing and Urban Development Asset Manager Contracts representing 26 states across the United States. PEMCO is trying to get the word out that they are accepting Appraiser applications in all...
July 13, 2010

A Personal Appraisal Experience

Just a brief note to share a recent experience with the appraisal process.  We are going through a full documentation refinance that requires an appraisal. First, the appraiser contacts us to schedule the appointment.  During the call he asks...
May 17, 2010

NAR Calls for Implementation of IVPI

On April 6, 2010, the National Association of REALTORS (NAR)® President Vicki Cox Golder sent a letter to Federal Housing Finance Agency (FHFA) Interim Director Edward J. DeMarco asking that the government sponsored enterprises (GSEs), Fannie Mae and Freddie...